Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the Year Ended March 31, 2023)

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, 2023

2,833

△10.5％

Mar. 31, 2022

3,167－

△116－

△123－

△125－

23－

78－

76－

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

Basic EPS

Diluted EPS

Yen

Yen

Mar. 31, 2023

△32.91－Mar. 31, 2022

20.06

－

Total Assets

Shareholders’ Equity

Shareholders’Equity ratio

As ofMillions of yen

Millions of yen%Mar. 31, 2023

2,184

1,239

56.7%

Mar. 31, 2022

2,525

1,354

53.6%

For the Year Ended(2) Financial Conditions

2. Financial statements(For the 12Months Ended March 31, 2023)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2022

Mar. 31, 2023

AmountAmountAssetsCurrent assets
Cash and deposits

993,772

862,740

Accounts receivable-trade

610,600

529,846

Merchandise and finished goods

332,641

228,761

5,762

1,556

9617

Advance payments-trade36,421－Prepaid expenses

36,42067,178Other

16,890

3,449

(20)

(7)

2,032,499

1,694,143

Buildings, net

25,944

27,629Tools, furniture and fixtures, net

164,666

155,180

1,854

1,854

Total property, plant and equipment

192,465

184,663

Intangible assets

18,68321,659Investments and other assets

282,100

283,913493,249

490,236

2,525,749

2,184,379

Accounts payable-trade408,899

81,820

Short-term loans payable

200,000

200,000

Accounts payable-other

99,830109,898

Accrued expenses

33,63932,392

Income taxes payable

9,487

8,962

Comsumption tax payable

5,354

24,476

Advances received

233,211306,233

Deposits received

5,833

5,571

Provision for bonuses

54,02754,579Total current liabilities

1,050,284

823,935Work 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

Mar. 31, 2023

AmountAmountNoncurrent liabilities
Provision for retirement benefits

121,176

121,244

121,176

121,244

1,171,461

945,179

Capital stock

771,110771,110

Capital surplus

705,200

705,200

Retained earnings(130,607)(256,202)

(369)

(369)

1,345,332

1,219,737

Valuation difference on available-for-salesecurities

8,955

19,462

Total valuation and translation adjustments

8,955

19,462

Total net assets

1,354,288

1,239,200

Total liabilities and net assets

2,525,749

2,184,379

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, 2022

Mar. 31, 2023

AmountAmountⅠ Net Sales

3,167,889

2,833,708

Ⅱ Cost of Sales2,045,294

1,821,552

Gross Profit

1,122,595

1,012,155

1,099,171

1,128,186

Operating Income

23,423(116,030)

Ⅳ Non-operating Income

60,992

10,449Ⅴ Non-operating Expenses

5,475

17,434

Ordinary Income

78,941(123,015)

Ⅵ Extraordinary Income－142

Ⅶ Extraordinary Losses

4,157

0

Income Before Taxes

74,783(122,874)

Tax Expenses(1,774)

2,720

Income After Taxes

76,557(125,595)

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, 2022March 31, 2023
AmountAmount

Ⅰ 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 valuation of investment securities
Loss (gain) on investments in partnership
Loss (gain) on sales of non-current assets
Loss on retirement of noncurrent assets
Decrease (increase) in notes and accounts receivable-trade

Decrease (increase) in inventories

74,783
105,484
6(353)

6,469
(778)
1,406
(334)
4,157
(58,478)－－
89,723(168,523)

Increase (decrease) in advances received
Increase (decrease) in accrued consumption taxes
Decrease (increase) in advance payments

249,305(160,965)(2,718)(36,421)

SubtotalInterest and dividends income received
Interest expenses paid

113,281778(1,398)

Increase (decrease) in notes and accounts payable-trade

Increase (decrease) in accounts payable-other
Other, net

Income taxes refund (paid)

13,602(3,083)

122,874

101,742
(12)
551
67

(90)
1,408
2,718
－
(3,338)(142)
080,753
107,478(327,078)
73,022
19,121
36,421
9,695(34,832)(55,386)90(1,408)(2,303)

6,659
119,321(59,008)

Purchase of property, plant and equipment(48,510)(68,716)

Purchase of intangible assets(23,500)(27,828)

Purchase of securities(8,884)(631)

Proceeds from distribution of investment in partnerships

57,26428,296

Net cash provided by (used in) investing activities(23,631)(68,879)

Ⅲ Effect of Exchange Rate on Cash and Cash Equivalents

334(3,143)

Ⅳ Net Increase(Decrease) in Cash and Cash Equivalents

96,024
897,748(131,031)
993,772

993,772

862,740

Net cash provided by (used in) operating activities

Ⅱ Cash Flows from Investing Activities

Ⅴ Cash and Cash Equivalents at the Beginning of the Fiscal Year
Ⅵ Cash and Cash Equivalents at the End of Period