Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the Year Ended March 31, 2015)

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 Director ＆CFO
TEL:

+81-3-6853-7401

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

For the Year EndedNet sales

Operating Income

Ordinary income

Net income

Millions of yen

Millions of yen

Millions of yenMillions of yen

Mar. 31, 2015

2,957 △11.5%

Mar. 31, 2014

3,342 △5.5%△158－－△152

11 △95.0%

18 △92.1％△184－

0 △99.6％

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, 2015

△48.25－Mar. 31, 2014

0.14－

Note: The company implemented a stock split of 1 to 100 as of April 1st, 2014.
Quarter earnings per share is calculated by (excluding treasury shares) of the number of shares outstanding after the stock split.

(2) Financial Conditions

Total Assets

Shareholders’EquityShareholders’Equity ratio

BPS

As of

Millions of yen

Millions of yen%

Yen

Mar. 31, 2015

2,378

1,734

72.8%

453.77Mar. 31, 2014

2,594

1,963

75.6%

507.09Note: The company implemented a stock split of 1 to 100 as of April 1st, 2014.
Earnings per share is hypothetically calculated, providing stock split was executed at the beginning of the fiscal year (April 1st, 2013).

(3) Forecast for the Financial Results ( For the year ending March 31, 2016)

For period ending

Net sales

Operatind income

Ordinary incomeNet income

EPS

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

Sep. 30, 2015

1,360

6.4%

△180－

△180－

△180－

△47.17Mar. 31, 2016

3,300

11.6%

△140－

△140－

△140－

△36.69Note: The company implemented a stock split of 1 to 100 as of April 1st, 2014.
Earnings per share is calculated by (excluding treasury shares) of the number of shares outstanding after the stock split.

2. Financial statements(For the Year Ended March 31, 2015)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2014

Mar. 31, 2015

AmountAmountAssetsCurrent assets
Cash and deposits

1,142,677

959,711

Accounts receivable-trade914,322895,441

Merchandise and finished goods

34,05928,539Work in process

663

196

Supplies－177

Advance payments-trade

456

7,926

Prepaid expenses

25,46245,486

Deferred tax assets

19,12818,373

Other

41,213

13,945(27)(26)

2,177,955

1,969,770

66,71973,287

Accumulated depreciation(17,749)(23,814)

Buildings, net

48,96949,472Tools, furniture and fixtures

577,422559,446

Accumulated depreciation(386,403)(402,621)

Tools, furniture and fixtures, net

191,018

156,825

1,854

1,854

241,843

208,152

185

38

Software

8,449

7,665

Software in progress

35,05094,250Total intangible assets

43,685

101,954

Investment securities

2,853

－

Lease deposits

38,87941,165Long-term prepaid expenses

5,575

2,952

Deferred tax assets

30,2591,208

Membership

32,21632,216

Other

21,63020,903

Total investments and other assets

131,41498,445

Total non-current assets

416,943

408,552

2,594,898

2,378,323

Allowance for doubtful accountsTotal current assets
Noncurrent assets
Property, plant and equipment
BuildingsLand
Total property, plant and equipment
Intangible assets
Trademark right

Investments and other assets

Total assets

Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2014

Mar. 31, 2015

AmountAmountLiabilities
Current liabilities
Accounts payable-trade297,357

196,444

Short-term loans payable

50,000100,000

Accounts payable-other109,252

90,226

Accrued expenses

29,93230,081

Income taxes payable

3,392

4,537

Accrued consumption taxes

9,384

68,586

Advances received

273

10,774

Deposits received

5,112

5,261

Unearned revenue

4,368

2,705

Provision for bonuses

36,387

43,161828

1,257

546,288

553,037

84,904

91,24984,904

91,249631,193644,286

Capital stock

771,110771,110

Legal capital surplus

705,200

705,200

Retained earnings brought forward

525,031

320,720

Treasury shares(40,226)(65,577)

1,961,114

1,731,452

Valuation difference on available-for-sale securities

6－

Total valuation and translation adjustments

6

－

2,584

2,584

1,963,705

1,734,037

2,594,898

2,378,323

Other
Total current liabilities
Noncurrent liabilities
Provision for retirement benefits
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 omitted
Account Title

Mar. 31, 2014

Mar. 31, 2015

AmountAmountⅠ Net Sales

3,342,893

2,957,741

Ⅱ Cost of Sales

2,164,734

1,874,458

Gross Profit

1,178,158

1,083,282

1,166,742

1,241,493

11,416(158,211)

Ⅳ Non-operating Income

8,110

6,903

Ⅴ Non-operating Expenses

1,088

1,338

Ordinary income (loss)

18,438(152,646)

Ⅵ Extraordinary Income

415－

Ⅶ Extraordinary Losses

10,466

231

Income (loss) Before Taxes

8,387(152,877)

Tax Expenses

7,838

32,096548(184,974)

Ⅲ Selling, General and Administrative Expenses
Operating Income (loss)

Income (loss) After Taxes

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
The Year Ended
The Year Ended
March 31, 2014
March 31, 2015
AmountAmount

Ⅰ Cash Flow from Operating Activities
Income before income taxes

8,387
90,332(51)(4,260)
3,098
(252)
909
(782)
347
6,060
－
76,75559,40864,391
9,384
33,937883(2,716)
345,832
252(999)(54,715)290,369(152,877)
89,269
(0)
5,552
6,344
(225)
658
(683)
231
－
277
18,881
5,809(100,913)
59,202(7,470)(37,468)(9,633)(123,044)
225(689)
29,582(93,926)

2,849(119,611)(23,915)(3,726)

2,569(52,589)(42,320)
－

(500)

－－

(2,285)250－(144,654)(94,625)

Net increase (decrease) in short-term loans payable(75,000)

50,000

Proceeds from issuance of subscription rights to shares

169－Purchase of treasury stock(17,336)(25,613)

Cash dividends paid

(19,498)(19,483)

Net cash provided by (used in) financing activities(111,664)

4,902

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents

782683

Ⅴ Net Increase(Decrease) in Cash and Cash Equivalents

34,832(182,965)

Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year

1,107,845

1,142,677

Ⅶ Cash and Cash Equivalents at the End of Period

1,142,677

959,711

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 on retirement of noncurrent assets
Loss (gain) on valuation of investment securities
Loss (gain) on sales of noncurrent assets

Decrease (increase) in notes and accounts receivable-trade

Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-tradeIncrease (decrease) in accrued consumption taxes
Decrease (increase) in advance payments
Increase (decrease) in accounts payable-other
Other, net
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes refund (paid)
Net cash provided by (used in) operating activities

Ⅱ Cash Flows from Investing Activities
Proceeds from redemption of securities

Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of memberships
Payments for guarantee deposits
Payments for lease deposits
Other, net
Net cash provided by (used in) investing activities

Ⅲ Cash Flows from Financing Activities