Summary of Consolidated Financial Results(For the year ended March 31, 2006)
May 12, 2006
Listed Company Name: Asgent, Inc.
Listing Exchanges: JASDAQ
Securities Code No:
4288
Head Office:
Tokyo
URL:
http://www.asgent.co.jp/
Representative:
Representative Director President Takahiro SugimotoContact:
Exective Director and Corporate Development & Planning Shinji Suzuki
TEL:(03)5643-2581
Date of Board of Director’s Meeting for Approval of Financial Results:
May 12, 2006
Application of US Financial Accounting Standards:
Not Adopted
1. Consolidated Business Results for the year ended March 31, 2006 (April 1, 2005 - March 31,2006)(1) Consolidated Operating Results
Note : Figures less than one million yen omitted.
Net sales
Operating income
Ordinary income
Millions of yen
Millions of yen
Millions of yen％％％Year ended 3/06
3,298(-3.6)-38-48(−)(−)
Year ended 3/05
3,420(-0.9)-166-258(−)(−)

Net income for thefiscal year

Net income
per share forthe fiscal year

Net income pershare/diluted forthe fiscal year

Net income
ratio onshareholders’equityOrdinary
income ratioontotal capital

Ordinaryincome ratio
on net sales

Millions of yen
Yen
Yen％％％
Year ended 3/06
-154-3,929.43-11.5-1.8(−)−
Year ended 3/05
-555-14,115.05
-34.5
-8.4
(−)
−Note: 1. Equity in earnings of affiliates:
Year ended 3/06:− Million yen
Year ended 3/05:− Million yen
2. Average number of shares (consolidated):
Year ended 3/06:
39,425 sharesYear ended 3/05:
39,425 shares
3. Changes in accounting method: None
4. Changes in net sales, operating income, ordinary income, and net income from the previousyear are shown as percentages on a year-on-year basis.

％
-1.5
-7.6

(2) Consolidated Financial Conditions
Total assets
Year ended 3/06
Year ended 3/05
Note:

Shareholders’ equity

Shareholders’ equity
per share

Equity ratio

Millions of yen

Millions of yen％

Yen

2,606
2,769

1,375
1,321

52.8
47.7

34,876.65
33,517.32

Number of shares outstanding (consolidated) at year-end:
Year ended 3/06:
39,425 sharesYear ended 3/05:
39,425 shares(3) Consolidated Cash Flow Conditions

Year ended 3/06
Year ended 3/05

Cash flow fromoperating activities
Millions of yen
157-396

Cash flow frominvesting activities
Millions of yen
-242
-115

Ending balance of cash
Cash flow fromand cash equivalents
financing activities
Millions of yen
Millions of yen-60815-77942(4) Number of Consolidated Subsidiaries and Affiliates and Affiliates Applied Equity Method
Consolidated Subsidiaries:2
Non-consolidated subsidiaries applied equity method:−
Affiliates applied equity method:−(5) Changes in Range of Consolidation and Application of the Equity Method
Number of newly consolidated subsidiaries:
Number of companies omitted from consolidation:
Number of companies to which the equity method is newly applied:
Number of companies omitted from application of the equity method:−2−−

2. Forecast of Consolidated Business Results for the Year Ending March 31, 2007(April 1, 2006 – March 31,2007)

InterimFull year

Net sales
Millions of yen

Ordinary income
Millions of yen

Net income
Millions of yen

1,710
3,550

050

-150(Reference) Forecasted net income per share (annual): 0.00 yen
The above forecast has been prepared based on data of the announcement date. As various uncertainties
subsist in forecasts, actual results may differ from the forecasted figures.

3. Consolidated Financial Statements
3-1 Consolidated Balance Sheets
Figures less than one thousand yen omitted.
FY2004As of March 31, 2005
AmountRatio

FY2005
As of March 31, 2006
AmountRatio

Change<ASSETS>
Current Assets
1.Cash and Deposits
2.Accounts Receivable-trade
3.Marketable Securities
4.Inventories
5.Deferred Tax
6.Income Taxed Receivable
7.others
Total Current Assets
Fixed Assets
Property, Equipment less Depreciation
1.Building
2.Tools, Furniture and Fixtures
3.LandSub-total
Intangibles Fixed Assets
1.Software
2.Others
Sub-total
Investment and Other Asset
1.Investment Securities
2.Deposits
3.Deferred Taxes
4.Others
Sub-total
Total Fixed Assets
Deferred Assets
1.Bond Issue Costs
Total Deferred Assets
Total Assets

932,113
1,058,659
10,227
251,798
65,09133,87031,993
2,383,754

86.1

705,526
668,578
110,232
307,062
91,816
8,623
53,071
1,944,911

74.6(438,843)

2.0

21,15843,726469
65,354

2.5

10,0674.8

133,706
42,391
176,097

6.8

41,93290,59055,98936,256
12,280
195,116
384,569

7.0
13.8

219,542
57,321
133,2719,770
419,905661,358

16.1
25.4

244,788276,788

1,566
1,566
2,769,891

0.1
100.0

2,606,269

100.0(1,566)(163,621)

22,78332,034469
55,287
104,523
29,642
134,165

Figures less than one thousand yen omitted.
FY2004As of March 31, 2005
AmountRatio<LIABILITIES>Current Liabilities
1.Accounts Payable-trade
2.Current Portion of Bond
3.Accounts payable
4.Accrued Income Taxes
5.Reserve for Bonus Payment
6.Others
Total Current Liabilities
Fixed Liabilities
1.Bond
2.Reserve for Provision Allowance
Total Fixed Liabilities
Total Liabilities<STOCKHOLDERS’ EQUITY>Ⅰ Capital Stock
Ⅱ Capital Surplus
Ⅲ Earned Surplus
Ⅳ Appraisal Loss on Investment Securities
Ⅴ Exchange Conversion Adjustment AccountTotal Stockholders’ Equity
Total Liabilities, Minority Equity
and Shareholders’ Equity

547,206
60,00076,431
108
44,67645,982774,406

FY2005
As of March 31, 2006
AmountRatio

Change369,750
60,00097,74445,47841,92328.0

614,897

23.6(159,508)

650,000
24,064
674,064
1,448,470

24.3
52.3

590,000
26,360616,360
1,231,257

23.6
47.2

(57,704)(217,213)

768,800
704,960(94,918)(1,717)(55,703)
1,321,420

27.8
25.4
(3.4)
(0.1)
(2.0)
47.7

768,800
704,960(115,045)(983)
17,2801,375,011

29.5
27.0
(4.4)
(0.0)
0.7
52.8

(20,126)734
72,98353,591

2,769,891

100.0

2,606,269

100.0(163,621)

3-2 Consolidated Profit and Loss Statements
Figures less than one thousand yen omitted.
FY2004(From Apr 1, 2004 toMar 31, 2005)
AmountRatio

FY2005(From Apr 1, 2005
to Mar 31, 2006)
AmountRatio

ChangeⅠ Net Sales

3,420,483

100.0

3,298,857100.0(121,626)

Ⅱ Cost of Sales

2,297,872

67.2

2,218,617

67.3(79,255)

Gross Profit
Ⅲ Selling, General and
Administrative Expenses
Operating LossⅣ Non-Operating Profit
1.Interest Received
2.Exchange Gain
3.Subsidy for Purchasing of Equipment
4.Revenue from sales of Securities
5.Others

1,122,611

32.8

1,080,239

32.7(42,371)

1,289,328

37.7

1,118,862

33.9(170,466)(166,717)(4.9)(38,622)(1.2)

128,095

0.3

657
9,959
51,174
3,846
65,6372.0

54,994

10,385
2,983
1,083
79,218
8,917
102,589

3.08,866
1,566
59,985
4,878
75,2972.3(27,291)(258,663)(7.6)(48,282)(1.5)

210,381-

16,29922,01038,3091.2

38,30910.7(18.3)(1.3)
0.7(16.3)(9,973)
144,944(154,917)

(0.3)
4.4
(4.7)

(368,473)
617,164
209,950(25,718)
401,009

Ⅴ Non-Operating Expenses
1.Interest Paid
2.Amortization of Bond Issue Costs
3.Investments Operating Loss
4.Appraisal Loss on Inventories
5.Others
Ordinary Loss
Ⅵ Extraordinary Gain
1.Gain from the Prior-Term Adjustment
2.Cain from Recoveries of Bad DebtsⅦ Extraordinary Loss
1.Loss on Retirement of Software
2.Loss on Impairment of Asset
3.Others
Loss Before Income Taxes
Income Taxes & Tax Adjustments
Minority Shareholder Loss
Net Loss

259
5,765
3,318
1,299
10,643

172,711150,10245,659368,473(627,137)(45,492)
25,718(555,927)

<Business Segment Information>
Figures less than one thousand yen omitted.

Packaged
SoftwareSecurity

Hi-availability & Data Solution
Sub-Total
Service (Consultation & MSP)
Grand Total

FY2004(From Apr 1, 2004 toMar 31, 2005)
3,048,112

FY2005(From Apr 1, 2005 toMar 31, 2006)
2,890,264

163,243
3,211,356
209,1273,420,483

182,506
3,072,771
226,086
3,298,857

year-on-yearcomparison
(5.2)
11.8
(4.3)
8.1
(3.6)

％

3-3 Consolidated Statements of Cash Flows
Figures less than one thousand yen omitted.

Ⅰ Cash Flow from Operating Activities
Loss Before Income Tax
Adjustments to Reconcile Net Income to Net Cash used
in Operating Activities:
Depreciation and Amortization
Loss from Impairment of Asset
Amortization of Consolidated Adjustment Account
Increase(Decrease) in Reserve for Bad Debts
Increase in Reserve for Bonus Payment
Increase in Reserve for Retirement AllowanceInterest and Dividends Received
Interest Paid
Loss on Retirement of Software
Exchange Gain
Decrease(Increase) in Notes and Accounts Receivable
Decrease(Increase) in Inventories
Increase(Decrease) in Notes and Accounts Payable
OthersSub-totalInterest and Dividends Received
Interest Paid
Income Taxes Received(Paid)
Net Cash Provided by(used in) Operating Activities
Ⅱ Cash Flows from Investing Activities
Payments for Purchases of Tangible Fixed Assets
Payments for Purchase of Intangible Fixed Assets
Payments for sales of Stock of Subsidiary with change
in consolidation scope
Payments for Purchase of Investment Securities
Revenue for Sale of Investment Securities
Payments for Purchase of Securities
Revenue for Sale of Securities
OthersNet Cash Used in Investing Activities
Ⅲ Cash Flows from Financing Activities
Payments for Bond Redemption
Revenue by Stock Issue
Payments for Dividends
Net Cash Provided used in Financing Activities
Ⅳ Effect of Exchange rate Changes on Cash and Cash
Equivalents
Ⅴ Net Increase(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 the Fiscal Year

FY2004(From Apr 1,2004 to Mar
31, 2005)

FY2005(From Apr 1,2005 to Mar
31, 2006)(627,137)(9,973)

83,243150,102
5,683
365
9,244
9,726
(300)
10,385
172,711(458)(281,850)
41,62678,37087,824(260,461)
300(19,346)(116,624)(396,132)

59,397
(318)
1,624
1,558
(2,507)9,194(0)387,196(54,914)(176,841)(82,940)
131,475
2,507(10,232)
33,480157,231(29,868)(78,857)(22,503)(75,162)-(50,863)(6,626)(115,353)(414,335)
314,851(55,350)
63,369(2,043)(242,038)(126,685)(60,000)
1,460(19,245)(77,785)(60,000)(113)(60,113)

17,671(8,068)18,33826,407(597,339)
1,539,681
942,341(126,582)
942,341
815,758

470,756(597,339)(126,582)

Change391,937

553,363

3-4 Consolidated Surplus Statements
Figures less than one thousand yen omitted.

ⅠⅡⅢⅠⅡⅢⅣ<Capital Surplus>
Capital Surplus at the Beginning of the Fiscal Year
Increase in Capital Surplus
1.Issue of New Stock
Capital Surplus at the End of the Fiscal Year
<Earned Surplus>
Earned Surplus at the Beginning of the Fiscal Year
Increase in Earned Surplus
1.Omitting from Consolidation Scope
Decrease in Earned Surplus
1.Net Loss
2.Dividends
Earned Surplus at the End of the Fiscal Year

FY2004(From Apr 1, 2004
to Mar 31, 2005)

FY2005(From Apr 1, 2005
to Mar 31, 2006)

704,300

704,960

660

660
660
704,960

704,960(660)-

480,697(94,918)(575,616)-

134,791
134,791

134,791

555,927
19,688575,616(94,918)

154,917
154,917(115,045)(420,698)(20,126)

Change