Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the Year Ended March 31, 2024)

Listed Company Name: Asgent, Inc.
Listing Exchange: Standard
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 Ended

Net sales

Operating Income

Ordinary income

Net income

Millions of yen

Millions of yen

Millions of yenMillions of yen

Mar. 31, 2024

2,369

Mar. 31, 2023

2,833

△16.3％

△290－

△290－

△448－

△10.5％

△116－

△123－

△125－

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

Basic EPS

Diluted EPS

Yen

Yen

△117.43－△32.91－For the Year Ended

Mar. 31, 2024
Mar. 31, 2023
(2) Financial Conditions

Total Assets

Shareholders’ Equity

Shareholders’Equity ratio

As ofMillions of yen

Millions of yen%Mar. 31, 2024

1,659

777

46.8%

Mar. 31, 2023

2,184

1,239

56.7%

(3) Forecast for the Financial Results ( For the year ending March 31, 2025 )For period ending

Mar. 31, 2025

Net sales

Operatind income

Ordinary income

Net income

EPS

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

3,000

26.6%

50－50－50－

13.10

2. Financial statements(For the 12Months Ended March 31, 2024)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2023

Mar. 31, 2024

AmountAmountAssetsCurrent assets
Cash and deposits

862,740

777,688

Accounts receivable-trade529,846

335,976

Merchandise and finished goods228,761

150,945

1,556

680

617

545

67,17875,583－

15,659

3,449

343

(7)

(5)

1,694,143

1,357,419

Buildings, net

27,62929,947

Tools, furniture and fixtures, net

155,180

130,432

1,854

1,854

Total property, plant and equipment

184,663

162,234

Intangible assets

21,65923,481

Investments and other assets

283,913

116,489490,236

302,205

2,184,379

1,659,625

Accounts payable-trade

81,820130,705

Short-term loans payable

200,000

200,000

Accounts payable-other109,898

87,046

Accrued expenses

32,39243,042

Income taxes payable

8,962

6,477

Comsumption tax payable

24,476－Advances received

306,233

215,308

Deposits received

5,571

12,777

Provision for bonuses

54,57956,283

Total current liabilities

823,935

751,641

Work in process
Supplies
Prepaid expenses
Consumption taxes receivable
OtherAllowance 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, 2023

Mar. 31, 2024AmountAmountNoncurrent liabilities
Provision for retirement benefits

121,244

128,118－2,509121,244

130,627

945,179

882,268

Capital stock

771,110771,110

Capital surplus

705,200

705,200

Retained earnings(256,202)(704,269)

(369)

(369)

1,219,737771,671

Valuation difference on available-for-salesecurities

19,462

5,685

Total valuation and translation adjustments

19,462

5,685

Total net assets

1,239,200

777,356

Total liabilities and net assets

2,184,379

1,659,625

Deferred tax liabilities
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, 2023

Mar. 31, 2024

AmountAmountⅠ Net Sales

2,833,708

2,369,742

Ⅱ Cost of Sales

1,821,552

1,404,129

Gross Profit

1,012,155

965,613

1,128,186

1,255,995

Operating Income(116,030)(290,381)

Ⅳ Non-operating Income

10,4497,280

Ⅴ Non-operating Expenses

17,434

7,464

Ordinary Income(123,015)(290,565)

Ⅵ Extraordinary Income

142－Ⅶ Extraordinary Losses

0122,781

Income Before Taxes(122,874)(413,346)

Tax Expenses

2,720

34,719

Income After Taxes(125,595)(448,066)

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, 2023
March 31, 2024
AmountAmountⅠ 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 sales of non-current assets
Loss on retirement of noncurrent assets
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
Increase (decrease) in accrued consumption taxes
Decrease (increase) in consumption taxes refund receivable

Decrease (increase) in advance payments
Increase (decrease) in accounts payable-other122,874
101,742
(12)
551

67
(90)
1,408
2,718
(3,338)(142)
0－80,753
107,478(327,078)
73,022
19,121－
36,421
9,695(413,346)

100,872
(2)
1,704
6,874
(362)
1,409
(1,560)1,309－－
122,781
193,869
78,762
48,884(90,925)(24,476)(15,659)－(22,289)
10,619Other, net
SubtotalInterest and dividends income received(34,832)(55,386)
90

Net cash provided by (used in) operating activities(59,008)(2,345)(4,966)

Purchase of property, plant and equipment(68,716)(50,209)

Purchase of intangible assets(27,828)(30,618)

(631)

(817)

Proceeds from distribution of investment in partnerships

28,296－

Net cash provided by (used in) investing activities(68,879)(81,646)

Ⅲ Effect of Exchange Rate on Cash and Cash Equivalents(3,143)

1,560

Ⅳ Net Increase(Decrease) in Cash and Cash Equivalents(131,031)
993,772(85,052)
862,740

862,740

777,688

Interest expenses paid
Income taxes refund (paid)

Ⅱ Cash Flows from Investing Activities

Purchase of securities

Ⅴ Cash and Cash Equivalents at the Beginning of the Fiscal Year
Ⅵ Cash and Cash Equivalents at the End of Period(1,408)(2,303)(1,535)362(1,448)