Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the Year Ended March 31, 2022)

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

Takahiko Akiyama

Corporate Planning Department Manager

TEL:+81-3-6853-7401

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

For the Year EndedNet sales

Operating Income

Ordinary income

Net income

Millions of yen

Millions of yen

Millions of yenMillions of yen

Mar. 31, 2022

3,167－

23－

78－

76－

Mar. 31, 2021

2,795

△10.5%

△52－

△38－

△51－

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

Basic EPS

Diluted EPS

For the Year Ended

Yen

Yen

Mar. 31, 2022

20.06

－

Mar. 31, 2021

△13.55－(2) Financial Conditions

Total Assets

Shareholders’ Equity

Shareholders’Equity ratio

As ofMillions of yen

Millions of yen%Mar. 31, 2022

2,525

1,354

53.6%

Mar. 31, 2021

2,190

1,493

68.2%

2. Financial statements(For the 12Months Ended March 31, 2022)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2021

Mar. 31, 2022

AmountAmountAssetsCurrent assets
Cash and deposits

897,748

993,772

Accounts receivable-trade

700,323

610,600

Merchandise and finished goods

31,025

332,641

Work in process

73

5,762

Supplies429

9Advance payments-trade－36,421

Prepaid expenses

29,51736,420Consumption taxes receivable

4,216

－

Other

301

16,890Allowance for doubtful accounts

(14)

(20)

1,663,622

2,032,499

Buildings, net

27,81025,944Tools, furniture and fixtures, net

207,342

164,666

1,854

1,854

Total property, plant and equipment

237,008

192,465

Intangible assets

11,216

18,683

Investments and other assets

278,469

282,100

526,693493,249

2,190,316

2,525,749

Accounts payable-trade159,593

408,899

Short-term loans payable

200,000

200,000

Accounts payable-other89,83099,830Accrued expenses

33,702

33,639

Income taxes payable

3,461

9,487

Comsumption tax payable

8,072

5,354

Advances received

27,099233,211

Deposits received

5,223

5,833

Provision for bonuses54,381

54,027337－

581,7021,050,284

Total current assets
Noncurrent assets
Property, plant and equipment

Land

Total noncurrent assets
Total assets
Liabilities
Current liabilities

Other
Total current liabilities

Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2021

Mar. 31, 2022

AmountAmountNoncurrent liabilities
Provision for retirement benefits

114,707

121,176

114,707

121,176

696,410

1,171,461

Capital stock

771,110771,110

Capital surplus

705,200

705,200

Retained earnings

21,551(130,607)(369)(369)1,497,491

1,345,332

Valuation difference on available-for-salesecurities(3,585)

8,955

Total valuation and translation adjustments(3,585)

8,955

Total net assets

1,493,905

1,354,288

Total liabilities and net assets

2,190,316

2,525,749

Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity

Treasury stock
Total shareholders' equity
Valuation and translation adjustments

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

Mar. 31, 2021

Mar. 31, 2022

AmountAmount

Ⅰ Net Sales2,795,125

3,167,889

Ⅱ Cost of Sales

1,645,075

2,045,294

Gross Profit

1,150,075

1,122,595

1,202,974

1,099,171

Operating Income(52,898)

23,423

Ⅳ Non-operating Income

16,15260,992

Ⅴ Non-operating Expenses

1,726

5,475

Ordinary Income(38,472)

78,941

Ⅵ Extraordinary Income－－

Ⅶ Extraordinary Losses

－

4,157

Income Before Taxes(38,472)

74,783Tax Expenses

13,235(1,774)

Income After Taxes(51,708)

76,557

Ⅲ Selling, General and Administrative Expenses

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
The Year Ended
The Year Ended
March 31, 2021
March 31, 2022
AmountAmount

Ⅰ 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
Increase (decrease) in provision for retirement benefits

Interest income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on investments in partnership
Loss (gain) on valuation of investment securities
Decrease (increase) in notes and accounts receivable-trade

Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade

Increase (decrease) in advances received(38,472)
135,415(17,001)(1,932)

2,095
(10)
1,398
(91)
(13,614)－
63,28750,028(85,539)－

74,783

105,484
6(353)
6,469

(778)
1,406
(334)
(58,478)
4,157
89,723(168,523)
249,305(160,965)(2,718)

Increase (decrease) in accrued consumption taxes
Decrease (increase) in advance payments
Increase (decrease) in accounts payable-other
Other, net(23,412)0(5,137)(18,246)

Interest expenses paid
Income taxes refund (paid)(1,399)(23,326)
24,052

6,659
119,321

Purchase of property, plant and equipment(92,026)(48,510)Purchase of intangible assets(22,225)(23,500)

Purchase of securities(5,483)(8,884)

Proceeds from distribution of investment in partnerships

19,26657,264(100,469)(23,631)

Cash dividends paid

(3)

－Net cash provided by (used in) financing activities(3)－

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents

91334

Ⅴ Net Increase(Decrease) in Cash and Cash Equivalents

96,024

Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year(76,328)
974,077

897,748

Ⅶ Cash and Cash Equivalents at the End of Period

897,748

993,772

SubtotalInterest and dividends income received

Net cash provided by (used in) operating activities

Ⅱ Cash Flows from Investing Activities

Net cash provided by (used in) investing activities

48,76810(36,421)
13,602(3,083)
113,281778(1,398)

Ⅲ Cash Flows from Financing Activities