Digest
July 30, 2003

Brief Interim nonnon-consolidated Financial Reports for the Year ending March 31, 2004

(April 1, 2003 – June 30, 2003)

Listed company name: Asgent, Inc.
Code #: 4288
Head office: 1919-7 Nihonbashi KoamiKoami-cho, ChuoChuo-ku, Tokyo Japan
President & CEO: Takahiro (Shuji) SugimotoContact: Shinji Suzuki, Director of Corporate Development & PlanningPhone #: +81+81-3-56435643-2581
Adoption of US GAAP: NO
1. Results for the year ending March 31, 2004 (April 1, 20032003- June 30, 2003)(1) Non-Consolidated Business Results(Millions of yen)
FY2002
FY2003
FY2002(1Q Year)(1Q Year)(Full Year)Net Sales
733718
3,718
Operating Income
351302
Income Before Income Taxes
4225301
Net Income
2414165
Per Share Data:
Average Number of Shares Outstanding During
21,96939,33039,286
the Term
Net Income per share (Yen)¥619.29¥380.10¥4,201.70
Note 1. Investment profit and loss arising from equity method: None
2. Changes to accounting policies: None
3. Company’s fiscal year is April 1-March 31 (FY2002=Apr 1, 2002 - Mar 31, 2003, FY2003=Apr 1,2003 - Mar 31, 2004)4. 1:5 share-split made on May 20, 2002
This effect is retroactively adopted for Net Income per share calculation in FY2002(2) Non-consolidated financial position (as of June 30, 2003)
As of June30, 2002
Total Assets
2,393
Stockholders’ Equity
1,851
Equity Ratio
77.4 %Per Share Data:
Outstanding Number of Shares at the term end
39,200Stockholders’ Equity per share (Yen)¥47,228.03(Millions of yen)
As of June
As of March
30, 2003
31, 2003
2,922
3,101
1,995
1,990
68.3 %
64.2 %
39,330¥50,742.71

39,330¥50,612.611. 1:5 share-split made on May 20, 2002
This effect is retroactively adopted for Stockholders’ Equity per share calculation as of June 30, 2002
and March 31, 2003.

2.Forecast of nonnon-consolidated business results for the year ending March 31, 2004
(April 1, 2003 – March 31, 2004)

Net Sales
Net Income
Expected Net Income per share (Yen)(Millions of yen)
FY2003(Full Year)
4,000180¥4,576.66

3. NonNon-Consolidated Financial Statements
3-1 NonNon-Consolidated Balance Sheets(In thousand yen, rounded down)
As of June 30,2002
AmountRatio

As of June 30,
2003
AmountRatio

841,426557.832
190,334
269,104365
6,454
26,48935,533
1,927,539

80.5

1,123,743
10,533496,883
20,363271,36035
11,354
12,583
94,966
2,041,821

1.9

15,37940,737469
56,5866.5

2,978
159,692
77,813
240,484

104,305
2,924
38,370
1,642
114,543
261,784
465,738
2,393,278

Change<ASSETS>
Current Assets
1.Cash and Deposits
2.Accounts Receivable
3.Accounts Receivable-trade
4.Marketable Securities
5.Inventories
6.Supplies
7.Prepaid Expense
8.Defferred Tax
9.Others
Total Current AssetsFixed Assets
Property, Equipment less Depreciation
1.Building
2.Tools, Furniture and Fixtures
3.LandSub-total
Intangibles Fixed Assets
1.Trademark
2.Software
3.Software Development in Process
Sub-total

14,83431,285469
46,588723
28,044
128,595
157,36469.8

282,317
10,533(60,949)(169,971)
2,256
(330)
4,900
(13,906)
59,433
114,282

2.0

545
9,452
0
9,998

8.2

2,255
131,648(50,782)
83,12010.9
19.5

94,840396,690
1,394
59,248
7,144
21,500580,817877,88819.9
30.1(9,465)
396,690(1,530)20,878
5,502(93,043)
319,033
412,150

0.0
100.0

2,479
2,479
2,922,189

0.1
100.0

2,479
2,479
528,911

Investment and Other Asset
1.Investment Securities
2.Stock of Affiliated Company
3.Investments in Partnership
4.Deposits
5.Deferred Taxes
6.Others
Sub-total
Total Fixed Assets
Deferred Assets
1.Bond Issue Costs
Total Deferred Assets
Total Assets

(In thousand yen, rounded down)
As of June 30,
2002
AmountRatio

As of June 30,
2003
AmountRatio

Change<LIABILITIES>Current Liabilities:
1.Accounts Payable-trade
2.Accounts payable
3.Accrued Expenses
4.Accrued Income Taxes
5.Consumption Tax Payable
6.Reserve for Bonus Payment
7.Others
Total Current Liabilities
Fixed Liabilities
1.Bond Payable
2.Accrued Pension and Severance costs
Total Fixed Liabilities
Total Liabilities<Stockholders’<Stockholders’ Equity>
Capital Stock
Capital Surplus
1.Additional Paid in Capital
Total Capital Surplus
Ⅲ Earned Surplus
1.Retained Earnings(1) Special Reserve for Amortization
2.Unappropriated retained earnings
Total Other Surplus
Ⅳ Appraisal Loss on Investment Securities
Total Stockholders’ Equity
Total Liabilities and Shareholders’ Equity
ⅠⅡ277,442
51,074
18,337
17,635
6,969
44,884
17,204532,94222.3

267,232
38,01027,81010,736
4,349
55,831
12,578416,550

14.2(10,210)(13,064)
9,473(6,899)(2,620)10,947(104,019)(116,392)

8,997
8,997
541,9400.3
22.6

500,000
9,928
509,928
926,47817.5
31.7

500,000
931
500,931384,538

767,000

32.0

768,000

26.3

1,000

704,000
704,000

29.4

704,300
704,300

24.1

300

2,084
378,936
381,020(681)
1,851,338
2,393,278

0.115.8
15.9(1.0)
77.4
100.0

1,488
525,442526,930(3,520)1,995,710
2,922,189

0.0
18.0
18.0(0.1)
68.3
100.0

(596)
146,506
145,910
2,839
144,372
528,911

3-2 NonNon-Consolidated Statements of Income(In thousand yen, Rounded down)
FY2002(From Apr 1, 2002
to Jun 30, 2003)
AmountRatio
Ⅰ
ⅡNet Sales
Cost of Sales

Ⅲ

Gross Profit
Selling, General and
Administrative Expenses

Change733,495
498,662
234,833

100.0
67.9
32.0

718,808
481,762
237,046

100.0
67.0
33.0

(14,687)(16,900)
2,213199,561
35,27127.2
4.8

235,882
1,164

32.8
0.2

36,321(34,107)

Other Income
Other Expenses

14,313
8,749

2.0
1.2

26,433
1,911

3.7
0.3

12,120(6,838)

Ordinary Profit

40,835

5.6

25,686

3.6(15,149)

Extraordinary Gain

1,335

0.2--

(1,355)Extraordinary Loss-----

Income Before Income Taxes

42,1905.8

25,686

3.6(16,504)

Income Taxes & tax adjustments

17,914

2.4

10,736

1.5(7,178)

Net Income

24,276

3.3

14,9492.1(9,327)

Retained Earnings (Deficit) Brought
Forward354,660

510,493

155,833

Unappropriated retained earnings

378,936

525,442

146,506

OperatingⅣⅤ

FY2003(From Apr 1, 2003
to Jun 30, 2004)
AmountRatio

Income<Business Segment Information>(In Million yen, Rounded down)
FY2002(From Apr 1, 2002
to Jun 30, 2003)

FY2003(From Apr 1, 2003
to Jun 30, 2004)

Change

600

601

0.1 %

6167

10.7 %

661

668

10.8 %

Service (Consultation & MSP)

7149(30.7) %Grand Total

733

718

(2.0) %

Security
Packaged
SoftwareHigh-availability
Solution
Sub-Total&Data