Digest
November 11, 2003

Brief Interim nonnon-consolidated Financial Reports for the Year ending March 31, 2004

(April 1, 2003 – September 30, 2003)

Listed company name: Asgent, Inc.
Code #: 4288
Head office: 1919-7 Nihonbashi KoamiKoami-cho, ChuoChuo-ku, Tokyo Japan
Japan
President & CEO: Takahiro (Shuji) SugimotoContact: Shinji Suzuki, Director of Corporate Development & PlanningPhone #: +81+81-3-56435643-2581
Date of Board of Directors Meeting: Nov 10, 2003
Adoption of US GAAP: NO
1. Results for the year ending March 31, 20
2004
04 (April 1, 2003 - September 30, 2003)(1) Non-Consolidated Business Results(Millions of yen)
FY2003
FY2002
FY2002(1st Half)(Full Year)(1st Half)
Net Sales
1,551
1,665
3,718
Operating Income
114
84
302
Income Before Income Taxes
127118301
Net Income
6966
165
Per Share Data:
Average Number of Shares Outstanding During
39,24339,33039,286
the Term
Net Income per share (Yen)¥1,799.99¥1,691.46¥4,201.70
Note 1. Investment profit and loss arising from equity method: None
2. Changes to accounting policies: Evaluation Method for Foreign Currency Future Contract. No Profit/
Loss impact as of Sept 30, 2003 since there is no contract balance.
3. Company’s fiscal year is April 1-March 31 (FY2002=Apr 1, 2002-Mar 31, 2003, FY2003=Apr 1, 2003 - Mar 31, 2004)(2) Non-consolidated financial position (as of September 30, 2003)(Millions of yen)
As ofAs of
As of March
September 30, September 30,31, 2003
2002
2003
Total Assets
2,599
3,351
3,101
Stockholders’ Equity
1,892
2,046
1,990
Equity Ratio
72.8 %
61.1 %
64.2 %Per Share Data:
Outstanding Number of Shares at the term end
39,33039,330
39,330Stockholders’ Equity per share (Yen)¥48,124.19¥52,042.61¥50,612.61
2.Forecast of nonnon-consolidated business results for the year ending March 31, 2004

(April 1, 2003 – March 31, 2004)

Net Sales
Net Income
Expected Net Income per share (Yen)(Millions of yen)
FY2003(Full Year)
4,000180¥4,576.65

3. NonNon-Consolidated Financial Statements
3-1 NonNon-Consolidated Balance Sheets(In thousand yen, rounded down)
At Interim Closing
for FY2002

Balance Sheet

As of September 30,2003

As of March 31, 2003

Ratio

AmountRatio

AmountRatio

70.31,129,566
624,225
220,347
326,764
23,78974,357
24,3742,423,426

72.3
72.3

865,093
947,210
20,362
248,212
12,58368,4372,161,899

69.7

As of September 30,2002

AmountAt Interim Closing
for FY2003
FY2003<ASSETS>
Current Assets
1.Cash and Deposits
2.Accounts Receivable-trade
3.Marketable Securities
4.Inventories
5.Defferred Tax
6.Suspense Paid Consumption Tax
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.Software Development in Process
3.Others
Sub-total

562,903597,365
190,348
293,595
16,26071,86595366
1,826,843
14,79729,439469
44,707

17,591
38,341
469
56,403

14,34340,249469
55,063

182,519
1,626
184,145

152,463
100,127
2,926
255,517

168,805
50,813
3,061
222,680

93,720265,700
38,370
9,032
118,551
17,934543,309772,1612,599,005

92,880396,690
55,873
7,834
56,283
609,560
921,4816,824
3,351,732

96,040396,690
38,3707,144
79,26041,990659,496937,240
2,833
3,101,973

Investment and Other Asset
1.Investment Securities
2.Stock of Affiliated Company
3.Deposits
4.Deferred Taxes
5.Future Foreign Exchange Contracts
6.Others
Sub-total
Total Fixed Assets
Deferred Assets
Total Assets

29.7
100.0

27.5
0.2
100.0

30.2
0.1
100.0

(In thousand yen, rounded down)
At Interim Closing
for FY2002
As of September 30,
2002

AmountRatio

At Interim Closing
for FY2003
FY2003

Balance Sheet

As of September 30,
2003

As of March 31, 2003

AmountRatio

Amount

Ratio

16.5

337,456
79,8402,878
33,98782,35465,802602,31919.4

16.4
35.8<LIABILITIES>Current Liabilities:
1.Accounts Payable-trade
2.Accounts payable
3.Accrued Income Taxes
4.Reserve for Bonus Payment
5.Consumption Tax Received
6.Current Portion of Bond
7.Defered hedge profit
8.Others
Total Current Liabilities
Fixed Liabilities
1.Bond
2.Reserve for Retirement Allowance
Total Fixed Liabilities
Total Liabilities<Stockholders’<Stockholders’ Equity>
Capital Stock
Capital Surplus
1.Additional Paid in Capital
Total Capital Surplus
Ⅲ Earned Surplus
1.Special Reserve
2.Unappropriated retained earnings
Total Other Surplus
ⅣAppraisal Loss on InvestmentSecurities
Total Stockholders’ Equity
Total Liabilities and Shareholders’ Equity
ⅠⅡ

268,529
53,67552,324
34,67377,58497,442
113,454697,68426.9

251,993
26,28363,562
38,97883,29560,00030,617554,731

8,596
8,596
706,2810.3
27.2

740,000
10,164
750,164
1,304,896

22.4
38.9

500,000
9,059
509,059
1,111,378

768,000

29.5

768,000

22.9

768,000

704,300
704,300

27.1

704,300
704,300

21.0

704,300
704,300

22.7

1,786
424,810426,597

16.4

1,488
577,018
578,50717.3

1,786520,027
521,81416.8(6,173)(0.2)(3,971)(0.1)(3,520)(0.1)

1,892,724
2,599,005

72.8
100.0

2,046,836
3,351,732

61.1
100.0

1,990,594
3,101,973

64.2
100.0

3-2 NonNon-Consolidated Statements of Income(In thousand yen, Rounded down)
At Interim Closing
for FY2003

Statements ofIncome for FY2002(From Apr 1, 2002 to
Sep 30, 2002)(From Apr 1, 2003 toSep 30, 2003)(From Apr 1, 2002 to
Mar 31, 2003)

AmountRatio

AmountRatio

AmountRatio

1,551,598
1,025,160
526,438

100.0
66.1
33.9

1,665,586
1,107,631
557,955

100.0
66.5
33.5

3,718,783
2,500,766
1,218,016

100.0
67.3
32.7

412,086
114,35126.9
7.3

473,364
84,59128.4
5.1

915,814302,202

24.6
8.1

Other Income
Other Expenses

14,452
1,259

0.9
0.0

11,319
4,570

0.7
0.3

3,681
4,570

0.1
0.1

Ordinary Profit

127,544

8.2

91,3405.5

301,313

8.1--

27,180

1.6--

Income Before Income Taxes

127,5448.2

118,5217.1

301,313

8.1

Income Taxes & tax adjustments

57,691

3.7

51,996

3.1

136,242

3.7

Net Income

69,852

4.5

66,5254.0

165,070

4.4

Retained Earnings (Deficit) Brought
Forward354,957

510,493354,957

Unappropriated retained earnings

424,810577,018

520,027

At Interim Closing
for FY2002

ⅠⅡ

Net Sales
Cost of Sales

Ⅲ

Gross Profit
Selling, General and
Administrative Expenses
OperatingⅣⅤⅥ

IncomeExtraordinary Gain