DigestFebruary 8, 2002

Brief Interim non-consolidated Financial Report Year ending March 31, 2002

(April 1, 2001 – December 31, 2001)
Listed company name: Asgent,Inc.
Code #: 4288
Head office: 19-7 Nihonbashi Koami-cho, Chuo-ku, Tokyo Japan
President & CEO: Takahiro (Shuji) SugimotoContact: Shinji Suzuki, Director of Corporate Development & PlanningPhone #: +81-3-5643-2581
Adoption of US GAAP: NO
1. Interim results for the year ending March 31, 2002 (April 1, 2001-December 31, 2001)(1) Non-Consolidated Business Results(Millions of yen)
FY2000FY2001
FY2000Change(YTD 3 Q)(YTD 3Q)(Full Year)Net Sales

1,573

2,854+81.4 %2,524

Operating Income

273374+36.6 %360

Income Before Income Taxes

279355+27.4 %352

Net Income251

200(20.2) %

286

6,840

7,400

-

6,840

¥36,758.88¥27,104.82-¥41,893.24

Per Share Data:
Average Number of Shares Outstanding
During the Term
Net Income per share (Yen)

Note 1. Investment profit and loss arising from equity method: None
2. Changes to accounting policies: None
3. Company’s fiscal year is April 1-March 31(FY2000=Apr 1, 2000 - Mar 31, 2001, FY2001=Apr 1, 2001 - Mar 31, 2002)
4. Expenditures related to IPO ¥34,636,000 were fully amortized in Q2
5. Tax obligation was less due to tax adjustments
6. Includig one time accounting large R&D fee granted by MITI for the development of M@gicPolicy,
which contributed to Sales (¥73,312,000) /Profit ‘¥58,635,000) in Q1, F.Y. 00(2) Non-consolidated financial position
As of
September
30, 2001(Millions of yen)
As ofAs of March
December 31,31, 2001
2001

Total Assets

2,458

2,7351,474Stockholders’ Equity

1,650

1,747419

67.1 %

63.9 %

28.4 %

7,840

7,840

6,840

¥210,470.32¥222,942.12¥61,299.78

Equity Ratio

Per Share Data:
Outstanding Number of Shares at the term end
Stockholders’ Equity (Yen)

2. Forecast of non-consolidated business results for the year ending March 31, 2002
(April 1, 2001 – March 31, 2002)

Net Sales
Net Income
Expected Net Income per share (Yen)(Millions of yen)

FY2001(Full Year)4,515265¥33,801.02

3.Interim Non-Consolidated Financial Statements
3-1 Interim Non-Consolidated Balance Sheets(In thousand yen, rounded down)
At interim closing
for FY2001

At interim closing
for FY2001

Balance Sheet asof March 31, 2001

AmountRatio

AmountRatio

Amount

Ratio

89.3

655,950
793,080
400,156
284,814
14,157
176,357
2,324,514

85.0

119,727
726,683
55,354
342,761
8,240
31,191
1,283,959

87.1

as of September 30, 2001

<ASSETS>
Current Assets
1.Cash and Deposits
2.Accounts Receivable-trade
3.Marketable Securities
4.Inventories
5.Differred Taxes
6.Other
Total Current Assets

1,005,846
596,493
300,000
164,654
14,157
115,052
2,196,204

as of December 30, 2001

Property, Equipment less Depreciation

33,06037,776

11,998Intangibles Fixed Assets

58,72099,930

1,717

Other

170,240

272,923

176,954

Total Assets<LIABILITIES>Current Liabilities:
1.Accounts Payable-trade
2.Short-term Debt
3.Accrued Expenses
4.Accrued Income Taxes
5.Reserve for Bonus Payment
6.Other
Total Current Liabilities
Long-term Liabilities
1.Accrued pension and severance cost
2. Other
Total Long-Term Liabilities<Stockholders’ Equity>
Ⅰ Capital StockⅡ Additional Paid-in Capital
Ⅲ Retained Earnings(Deficit)
Total Stockholders’ Equity
Total Liabilities and Shareholders’ Equity

2,458,226

361,22175,352
86,97523,816250,639
798,006
6,159
3,972
10,132100.0

2,735,145

32.5

383,935
56,322
159,409
12,645367,896980,208

0.4

7,071
7,071

767,000
704,000
179,087
1,650,087
2,458,226

100.0

1,474,630

100.0

35.8

637,792
60,00061,24573,981
16,132200,973
1,050,126

71.6

0.3

4,957
256
5,214

0.4

767,000
704,000
276,865
67.1
100.0

1,747,866
2,735,145

342,000
1,000
76,29063.9
100.0

419,290
1,474,63028.4
100.0

3-2 Interim Non-Consolidated Statements of Income(In thousand yen, Rounded down)
At Interim Closing
for FY2000

At Interim Closing
for FY2001

AmountRatio

AmountRatio

AmountRatio

1,573,550
965,173
608,376

100.0
61.3
38.7

2,854,539
1,977,405
877,134

100.0
69.3
30.7

2,524,065
1,614,985
909,080

100.0
64.0
36.0

334,46421.3

502,99417.6

548,74421.7

273,912
9,526
4,644

17.4
0.6
0.3

374,139
16,45735,271

13.1
0.5
1.2

360,335
5,984
13,785

14.3
0.2
0.5

279,21117.7

355,325

12.4

352,534

14.0

27,780251,4301.8
16.0

154,750
200,575

5.4
7.0

65,985286,549

2.6
11.4(From Apr. 1, 2000 to Dec.
30, 2000)Ⅰ Net Sales
Ⅱ Cost of Sales
Gross Profit

Ⅲ Selling, General and
Administrative Expenses
Operating Income

Ⅳ Other Income
Ⅴ Other Expenses
Income Before Income
Taxes
Income Taxes
Net Income

Statements of Income
for FY2000(From Apr. 1, 2001 toDec. 30, 2001)(From Apr.1, 2000 toMar.31, 2001)< By-Quarter Results Comparison >(In thousand yen, Rounded down)
Q1 2001(Apr. - Jun.)

Q2 2001(Jul. - Sep.)

Q3 2001(Oct. - Dec.)

YTD Q32001

AmountAmountChangeAmountChangeAmountNet Sales

813,744962,29718.3 %

1,078,497

12.1 %

2,854,539

Operating Income

79,750139,77375.3 %

154,615

10.6 %

374,139

Income Before Income Taxes

94,17690,500(3.9) %

170,648

88.6 %

355,325

Net Income

54,60348,193(11.7) %978

102.9 %

200,575

Note 1.Change: growth rate from prior quarter
2.Expenditures related to IPO ¥34,636,000 were fully amortized in Q2 2001
<Business Segment Information>(In thousand yen, Rounded down)
At InterimClosing for
FY2000At Interim
Closing for
FY2001(From Apr. 1, 2000
to Dec. 30, 2000)(From Apr. 1, 2001 toDec. 30, 2001)

1,249,927

2,489,414+99.2 %

136,010

227,877+67.5 %

1,385,937

2,717,291+96.1 %

187,612137,248(26.8) %1,573,550

2,854,539+81.4 %

Security
Packaged
SoftwareHi-availability & Data Solution
Sub-Total

Service (Consultation & MSP)
Grand Total*1

Change*1 Includig one time accounting large R&D fee granted by MITI for the development of M@gicPolicy, which
contributed to Sales (¥73,312,000) in Service Segment in Q1, FY2000. If excluded the sales amountfrom F.Y2000, growth rate of Service segment changed from (26.8) % to +20.1%