Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the 9 Months Ended December 31, 2010)

Listed Company Name: Asgent, Inc.
Listing Exchange: JASDAQ
Security Code No:4288
URL: http://www.asgent.co.jp/
Representative: Takahiro Sugimoto
President & CEO
Enquiries:

Takenori KatsuragiManaging DirectorTEL:+81-3-5643-2581

1. Business Results(1) Operating Results
Note: Figures less than one million yen omitted, except for EPS and BPS

Net sales
For the 9 Months Ended

Millions of yen

Operating Income Ordinary income
Millions of yen

Millions of yen

Net income
Millions of yen

Dec. 31, 2010

2,874

9.0%

257 △1.2%

255 △2.0%

200 △34.9%

Dec. 31, 2009

2,636

7.0%

260 125.2%

261

308

97.5%

91.3%

Note: the% value represents the changes from the same quarter of the previous year

Basic EPS

Diluted EPS

For the 9 Months Ended

Yen

Yen

Dec. 31, 2010

5,068.58-Dec. 31, 2009

7,806.30

7,776.76

Total Assets

Shareholders’EquityShareholders’Equity ratio

BPS

As of

Millions of yen

Millions of yen%Yen

Dec. 31, 2010

2,312

1,745

75.5%

44,088.14

Mar. 31, 20102,464

1,565

63.5%

39,545.70(2) Financial Conditions(3) Forecast for the Financial Results ( For the year ending March 31, 2011 )For period ending

Mar. 31, 2011

Net sales

OperatindincomeOrdinary income

Net income

EPS

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

4,500

12.8%

438

0.1%

444

0.0%

444

△3.9%

11,221.11

2. Financial statements(For the 9 Months Ended Dec 31, 2010)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Dec. 31, 2010

Mar. 31, 2010

AmountAmountAssetsCurrent assets
Cash and deposits

988,334

736,598

Accounts receivable-trade

601,9211,080,395

Merchandise and finished goods

110,583

108,869

Work in process

74

181

Raw materials and supplies

227

511

Advance payments-trade122,297

12,067

Prepaid expenses

17,571

14,051

Deferred tax assets

19,07471,3071942

25,277

13,070(48)(86)

1,885,333

2,037,007

Buildings, net

14,511

15,260Tools, furniture and fixtures, net

160,964

181,213819

819

Total property, plant and equipment

176,295

197,294

Intangible assets

28,10435,929Investments and other assets

222,296

194,687426,696

427,9112,312,030

2,464,918

Income taxes receivable
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment

Land

Total noncurrent assets
Total assets

Account Title

Note: Figures less than one thousand yen omitted
Dec. 31, 2010
Mar. 31, 2010
AmountAmountLiabilities
Current liabilities
Accounts payable-trade117,259

145,365

Short-term loans payable

100,000

150,000

Current portion of bonds

33,000113,000

Current portion of long-term loans payable

34,00034,000Accounts payable-other

48,404145,480

Accrued expenses

42,59848,225

Income taxes payable

37,732

54,161-

10,939Advances received

99－

Deposits received

14,576

5,482

Unearned revenue

6,050

4,203

Provision for bonuses

23,981

51,447

Other

19,082

1,546

476,785

763,852

Bonds payable

17,50034,000Long-term loans payable

15,00049,000

Provision for retirement benefits

57,07552,25389,575

135,253

566,360

899,106

Capital stock

771,110771,110

Capital surplus

705,200

705,200

Retained earnings

272,71091,816

1,749,020

1,568,126

Valuation difference on available-for-sale securities(3,860)(2,315)

Total valuation and translation adjustments(3,860)(2,315)510－

1,745,669

1,565,811

2,312,030

2,464,918

Accrued consumption taxes

Total current liabilities
Noncurrent liabilities

Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity

Total shareholders' equity
Valuation and translation adjustments

Subscription rights to shares
Total net assets
Total liabilities and net assets

(2) Statements of Income
Note: Figures less than one thousand yen omittedAccount Title

Dec. 31, 2009

Dec. 31, 2010

AmountAmount

Ⅰ Net Sales

2,636,287

2,874,165

Ⅱ Cost of Sales

1,515,890

1,722,904

Gross Profit

1,120,396

1,151,261

859,715

893,816

Operating Income

260,680

257,445

Ⅳ Non-operating Income

5,694

2,085

Ⅴ Non-operating Expenses

5,112

3,554

Ordinary Income

261,262

255,975

Ⅵ Extraordinary Income

8,433

37

Ⅶ Extraordinary Losses

3,133

324

Income Before Taxes

266,562

255,689

Tax Expenses(41,701)

54,998

Income After Taxes

308,263

200,690

Ⅲ Selling, General and Administrative Expenses

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
9 Months Ended
9 Months Ended
December 31, 2009
December 31, 2010
AmountAmountⅠ Cash Flow from Operating Activities
Income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses(16,543)

255,689
70,032(37)(27,466)
4,821
(98)
2,708
204
－
324
478,473(1,323)(28,105)(110,230)(85,814)559,178
98(2,995)(49,226)
507,054(31,551)(51,791)

Purchase of intangible assets(18,946)(3,519)Proceeds from sales of property, plant and equipmen

12,796－

Purchase of memberships(14,700)－

Payments for guarantee deposits(21,100)

(325)

4,531

－

(68,968)(55,636)

Net increase (decrease) in short-term loans payable(300,000)(50,000)

Proceeds from long-term loans payable

100,000－

Repayment of long-term loans payable(17,000)(34,000)

Redemption of bonds
Proceeds from issuance of common stock(76,500)(292,650)(96,500)－510(19,487)(199,477)0(204)(378,162)

251,735

784,196736,598
988,334

266,56275,809(980)(23,285)

Increase (decrease) in provision for retirement benefits

3,331Interest income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of property, plant and equipment
Loss on retirement of property, plant and equipment

(93)
3,421
0
(7,452)
2,541

Decrease (increase) in notes and accounts receivable-trade(25,007)

Decrease (increase) in inventories(39,024)

Increase (decrease) in notes and accounts payable-trade(119,100)

Decrease (increase) in advance payments
Other, net
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net Cash Provided by Operating Activities
Ⅱ Cash Flows from Investing Activities
Purchase of property, plant and equipment

Other, net
Net Cash Used in Investing Activities－(145,749)(9,026)93(4,081)(3,528)

Ⅲ Cash Flows from Financing Activities

Proceeds from issuance of subscription rights to shares

Cash dividends paid
Net Cash Used in Financing Activities
Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents
Ⅴ Net Decrease in Cash and Cash Equivalents
Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year
Ⅶ Cash and Cash Equivalents at the End of Period

850－－

406,034