Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the period Ended Dec 31, 2008)

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

Shinji Suzuki
Managing Director & CFO

TEL:+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
Dec 31, 2008

Millions of yen2,462

Operating income

Ordinary incomeMillions of yen

Millions of yen-%

Dec 31, 2007115-%-%Net income
Millions of yen

132-%

-%

161-%

-%

-%

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

Basic EPS

Diluted EPS

YenYenFor the 9 months ended
Dec 31, 2008

4,081.68

Dec 31, 2007

4,066.82--(2) Financial Conditions
Total Assets
As ofMillions of yen

Shareholders’Shareholders’EquityEquity ratio

Millions of yen%BPSYen

Dec 31, 2008

1,765

995

56.4%

25,207.48

Mar 31, 2008

2,097

841

40.1%

21,313.64

Net income

EPSMillions of yen

Yen(3) Forecast for the Financial Results (For the year ending March 31, 2009)
Net sales
For period ending
Mar 31, 2009

Millions of yen

3,700

OperatingOrdinary

incomeincomeMillions of yen

1.0%

175

20.6%

Millions of yen

175

24.3%

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

210

- %

5,318.48

2. Financial statements(1) Balance Sheets(Thousands of yen)Account Title

Dec 31, 2008

Mar 31, 2008

AmountAmountAssetsCurrent Assets
1.Cash and Deposits

542,312536,620

2.Accounts Receivable-trade618,507938,239

3.Inventories

52,63649,676

4.Goods in Progress

458

1,501

5.Stored Goods

710

971

6.Prepaid Expenses

13,85015,467

7.Deferred Income Taxes

80,41638,896127

255

12,57812,154(773)(1,502)

1,320,823

1,592,279

1.Building

20,06021,142

2.Tools, Furniture and Fixtures

186,656

196,596

3.Land819

819

Sub-total

207,537

218,559

Intangible Fixed Assets

68,59092,680Investments and Other Assets

168,310

193,816

444,437

505,055

1,765,261

2,097,335

8.Corporate Taxes Receivable
9.Other current assets
Allowance for Bad DebtsTotal Current Assets
Fixed Assets
Tangible Fixed Assets

Total Fixed Assets
Total Assets

Note: Figures less than one thousand yen omitted(Thousands of yen)

Account Title

Dec 31, 2008

Mar 31, 2008

AmountAmountLiabilities
Current Liabilities
1.Accounts Payable-trade190,944403,215

2.Short-term Loans Payable

241,000

412,500

3.Short-term Bonds Payable

60,00060,0004.Accounts Payable-other

34,32538,864

5.Accrued Expenses

33,20634,895

6.Accrued Corporate Taxes

6,320

5,337

7.Consumption Taxes Payable

30,98155,0238.Advances Received

4246309.Deposits received

12,1773,886

10.Unearned Revenue

6,328

3,509

11.Reserve for Bonus

22,76345,377

812

8,651

1,947

613

641,234

1,072,503

1.Bonds

80,000140,000

2.Reserve for Retirement Allowances

48,71043,262

Total Fixed Liabilities

128,710183,262

Total Liabilities

769,944

1,255,766

1.Capital Stock769,500

769,500

2.Capital Surplus

705,200

705,200

3.Earned Surplus(465,333)(626,498)

Total Stockholders’ Equity

1,009,366

848,201(14,048)(6,632)

Total Appraisal Conversion Differences(14,048)(6,632)

Total Net Assets

995,317

841,568

1,765,261

2,097,335

12.Reserve For Loss on Disposal of Discontinued Division
13.Others
Total Current Liabilities
Fixed Liabilities

Net Assets
Stockholders’ Equity

Appraisal Conversion Differences1.Appraisal Differences on Investment Securities

Total Liabilities and Net Assets

Note: Figures less than one thousand yen omitted

(2) Statements of Income(For the 9 months ended Dec 31, 2008)(Thousands of yen)Account Title

9 months Ended Dec 31, 2008

AmountⅠ Net Sales

2,462,991

Ⅱ Cost of Sales

1,551,023

Gross Profit

911,968

Ⅲ Selling, General and Administrative Expenses

796,216

Operation Profit

115,751

Ⅳ Non-operating Profit

23,300Ⅴ Non-operating Expense

6,794

Ordinary Income

132,257

Extraordinary Income

7,016

Extraordinary Losses

16,653

Profit Before Taxes

122,620

Total Income Taxes(38,544)

Profit After Taxes

161,165
Note: Figures less than one thousand yen omitted

(For the 3rd quarter(Oct-Dec, 2008))(Thousands of yen)Account Title

3rd quarter(Oct-Dec, 2008)

AmountⅠ Net Sales

705,785

Ⅱ Cost of Sales

440,418

Gross Profit

265,367

Ⅲ Selling, General and Administrative Expenses

260,500Operating Profit

4,867

Ⅳ Non-operating Profit

13,291

Ⅴ Non-operating Expense

1,933

Ordinary Income

16,225Extraordinary Income

7,016

Extraordinary Losses

11,198

Profit Before Taxes

12,043

Total Income Taxes(8,778)

Profit After Taxes

20,822
Note: Figures less than one thousand yen omitted

(3) Statements of Cash Flows(Thousands of yen)

9 months Ended Dec 31, 2008
Ⅰ Cash Flow from Operating Activities
Income Before Taxes

122,620

Depreciation and Amortization

76,013

Loss on disposal of property, plant and equipment
Appraisal loss on investment securities
Decrease in Reserve for Bad Debts
Increase in Reserve for Bonus

422
16,653(511)(22,350)

Increase in Reserve for Retirement Allowance

5,443

Decrease in Reserve for Loss from Discontinued Division(7,838)Dividends Received(734)

Interest Income(397)Interest Paid

4,069

Exchange Loss581

Decrease in Notes and Accounts Receivable-trade319,514

Increase in Inventories(1,656)

Decrease in Notes and Accounts Payable-trade(212,271)

Others, net(9,637)

Subtotal

289,920

Interest and Dividends Received

1,131Interest Paid(3,201)

Income Taxes Paid(4,772)

Net Cash Provided by Operating Activities

283,078

Ⅱ Cash Flows from Investing Activities
Payments for Purchases of Tangible Fixed Assets(39,585)

Payments for Purchases of Intangible Fixed Assets(8,226)

Revenue from Sales of Tangible Fixed Assets

2,507

Net Cash Used in Investing Activities(45,305)

Ⅲ Cash Flows from Financing Activities
Net Decrease in Short-term Loan

(171,500)

Payments for Bond Redemption(60,000)

Net Cash Used in Financing Activities(231,500)

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents(581)

Ⅴ Net Increase in Cash and Cash Equivalents

5,692

Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year536,620

Ⅶ Cash and Cash Equivalents at the End of Dec 31, 2008

542,312
Note: Figures less than one thousand yen omitted.