Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the 6Months Ended September 30, 2017)

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

For the 6Months EndedNet sales

Operating Income

Ordinary income

Net income

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Sep. 30, 2017

2,126

8.4%

28

94.2%

2540.6%

1856.3%

Sep. 30, 2016

1,962

38.7%

14－

18－

11－

Note: 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, 2017

4.89

－

Sep. 30, 2016

3.13

－

Total Assets

Shareholders’ Equity

Shareholders’ Equity
ratio

As of

Millions of yen

Millions of yen%Sep. 30, 2017

2,509

1,740

69.3%

Mar. 31, 2017

2,842

1,740

61.2%

(2) Financial Conditions

2. Financial statements(For the 6Months Ended September 30, 2017)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2017

Sep. 30, 2017

AmountAmountAssetsCurrent assets
Cash and deposits

785,032

1,077,767

1,335,948

681,395

Merchandise and finished goods

66,51933,992Work in process

4,966

11,636

Supplies

2,057

530

Advance payments-trade

10,218－Prepaid expenses

41,14329,875

Deferred tax assets

33,363

32,953

Other

4,068

2,610

(26)

(13)

2,283,290

1,870,747

Buildings, net

40,537

38,624Tools, furniture and fixtures, net

320,836

305,548

1,854

1,854

Total property, plant and equipment

363,228

346,027

Intangible assets

67,12056,503

Investments and other assets

128,474

235,808

558,823

638,339

2,842,114

2,509,087

Accounts payable-trade

302,799

210,618

Short-term loans payable

200,000

200,000

Accounts payable-other

199,267

56,423

Accrued expenses

40,65653,819

Income taxes payable

67,507

11,624

Comsumption tax payable

107,496

32,174

Advances received

3,054

3,614

Deposits received

5,403

17,641

Unearned revenue

24,78920,310Provision for bonuses

54,62759,031

Other

2,633

3,999

1,008,236

669,258

Accounts receivable-trade

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

Land

Total noncurrent assets
Total assets
Liabilities
Current liabilities

Total current liabilities

Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2017

Sep. 30, 2017

AmountAmountNoncurrent liabilities
Provision for retirement benefits

93,074

98,831

93,074

98,831

1,101,310

768,089

Capital stock

771,110771,110

Capital surplus

705,200

705,200

Retained earnings

264,099

263,697－(160)

1,740,409

1,739,847(1,846)(1,090)(1,846)(1,090)

2,240

2,240

Total net assets

1,740,803

1,740,997

Total liabilities and net assets

2,842,114

2,509,087

Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity

Treasury stock
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments
Subscription rights to shares(2) Statements of Income
Note: Figures less than one thousand yen omitted
Account Title

Sep. 30, 2016

Sep. 30, 2017

AmountAmount

Ⅰ Net Sales

1,962,507

2,126,442

Ⅱ Cost of Sales

1,281,409

1,369,958

Gross Profit

681,098

756,484

666,428

727,993

Operating Income

14,66928,490Ⅳ Non-operating Income

6,001

447

Ⅴ Non-operating Expenses

2,387

3,233

Ordinary Income

18,28325,704

Ⅵ Extraordinary Income

8479

Ⅶ Extraordinary Losses－1,782

Income Before Taxes

18,36824,001Tax Expenses

6,416

5,324

Income After Taxes

11,952

18,676

Ⅲ Selling, General and Administrative Expenses

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
6Mounths Ended
6MonthsEnded
Sep 30, 2016
Sep 30, 2017
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

18,36849,426
(11)
6,696
1,243
(11)
694
(22)
－
1,584
－
(84)
97,624
13,312(99,188)
32,598
2,076
(134)
149
19,268
143,592
11(645)(2,258)140,700

1,782
1,931
(79)
－654,553
27,383(92,181)(75,321)－
10,218(143,586)
29,746
527,000
59(641)(53,774)472,643

Proceeds from sales of membership(43,100)－(2,794)－(50,352)
812(113,541)
1,944

Net Cash Used in Investing Activities(45,895)(161,137)

－

(160)

(222)

(19,005)(222)(19,165)22394

Ⅴ Net Decrease in Cash and Cash Equivalents

94,606

292,735

Ⅵ Cash and Cash Equivalents at Beginning of Period

758,572

785,032

Ⅶ Cash and Cash Equivalents at the End of Period

853,178

1,077,767

Increase (decrease) in provision for retirement benefits

Interest income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of membership
Loss (gain) on investments in partnership
Loss (gain) on sales of property, plant and equipment
Gain on reversal of subscription rights to shares

Decrease (increase) in notes and accounts receivable-trade

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

Increase (decrease) in accrued consumption taxes
Decrease (increase) in consumption taxes refund receivable

Decrease (increase) in advance payments
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 intangible assets
Purchase of memberships

24,001
78,179
(13)
4,403
5,757
(59)
678(394)

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