Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the 6Months Ended September 30, 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 6Months EndedNet sales

Operating Income

Ordinary income

Net income

Millions of yen

Millions of yenMillions of yen

Millions of yen△6－△8－－3－

Sep. 30, 2022

1,640

6.0%

0－

Sep. 30, 2021

1,547－△45－0Note: the% value represents the changes from the same quarter of the previous year

Basic EPS

Diluted EPS

For the 6Months Ended

Yen

Yen

Sep. 30, 2022

△2.17－

Sep. 30, 2021

0.88－

Total Assets

Shareholders’ Equity

Shareholders’Equity ratio

As ofMillions of yen

Millions of yen%Sep. 30, 2022

2,364

1,367

57.8%

Mar. 31, 2022

2,525

1,354

53.6%

(2) Financial Conditions

2. Financial statements(For the 6Months Ended Sep 30, 2022)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2022

Sep. 30, 2022

AmountAmountAssetsCurrent assets
Cash and deposits

993,772

1,119,055

Accounts receivable-trade

610,600

497,049

Merchandise and finished goods

332,641

185,059

5,762

1,648

943

Advance payments-trade36,42140,471

Prepaid expenses

36,42041,967

Other

16,890

2,740

(20)

(7)

2,032,499

1,888,029

Buildings, net

25,94425,031Tools, furniture and fixtures, net

164,666

147,521

1,854

1,854

Total property, plant and equipment

192,465

174,408

Intangible assets

18,683

6,798

Investments and other assets

282,100

295,022493,249

476,2292,525,749

2,364,258

Accounts payable-trade408,899

171,261

Short-term loans payable

200,000

200,000

Accounts payable-other

99,83058,199Accrued expenses

33,63935,234

Income taxes payable

9,487

8,821

Comsumption tax payable

5,354

53,965

Advances received

233,211

286,431

Deposits received

5,833

6,369

Provision for bonuses

54,02754,670Total current liabilities

1,050,284

874,954Work in process
Supplies

Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment

Land

Total noncurrent assets
Total assets
Liabilities
Current liabilities

Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2022

Sep. 30, 2022

AmountAmountNoncurrent liabilities
Provision for retirement benefits

121,176

122,153

121,176

122,153

1,171,461

997,107

Capital stock

771,110771,110

Capital surplus

705,200

705,200

Retained earnings(130,607)(138,911)(369)(369)1,345,332

1,337,028

Valuation difference on available-for-salesecurities

8,955

30,122

Total valuation and translation adjustments

8,955

30,122

Total net assets

1,354,288

1,367,151

Total liabilities and net assets

2,525,749

2,364,258

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

Sep. 30, 2021

Sep. 30, 2022

AmountAmountⅠ Net Sales

1,547,304

1,640,318

Ⅱ Cost of Sales

1,030,903

1,073,642

Gross Profit

516,401

566,676

561,897566,231

Operating Income(45,496)

445

Ⅳ Non-operating Income

47,993

3,627

Ⅴ Non-operating Expenses

1,637

10,263

Ordinary Income

859(6,190)

Ⅵ Extraordinary Income－0

Ⅶ Extraordinary Losses－－

Income Before Taxes

859(6,191)Tax Expenses(2,532)

2,112

Income After Taxes

3,392(8,304)

Ⅲ Selling, General and Administrative Expenses

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
6Mounths Ended
6MonthsEnded
Sep 30, 2021
Sep 30, 2022
AmountAmount

Ⅰ Cash Flow from Operating Activities
Income (loss) before income taxes
Depreciation
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 on retirement of property, plant and equipment and intangible assets

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
Increase (decrease) in accrued consumption taxes
Decrease (increase) in advance payments to suppliers
Increase (decrease) in accounts payable-other
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
Purchase of memberships

859
52,566
1
3,569
5,578(772)
706
(459)

(46,484)－156,141
4,919
33,285(188,759)
11,985(5,381)(22,458)
4,331

9,630
772
(650)
3,203
12,956(6,191)49,397
(13)
642
976

(4)
708

(263)
4,551
0
113,551
151,662(237,638)
53,22048,611(4,050)(37,856)(5,945)
131,359
4(667)(2,290)128,405(13,971)(7,874)(23,229)53,732－
19,84331,886(3,386)

－－－－

459

263

Ⅴ Net Decrease in Cash and Cash Equivalents

45,302

125,283

Ⅵ Cash and Cash Equivalents at Beginning of Period

897,748

993,772

Ⅶ Cash and Cash Equivalents at the End of Period

943,050

1,119,055

Proceeds from distributions from investment partnerships

Net Cash Used in Investing Activities
Ⅲ Cash Flows from Financing Activities
Cash dividends paid
Net cash provided by (used in) financing activities
Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents