Digest
Nov 11, 2003
Brief Interim consolidated Financial Report for the Year ending March 31, 2004

(April 1, 2003 – September 30, 2003)
2003)

Listed company name: Asgent, Inc.
Code #: 4288
Head office: 1919-7 Nihonbashi KoamiKoami-cho, ChuoChuo-ku, Tokyo 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: NONo half year B/S & C/F disclosure for FY2002 according to Japanese GAAP .
1. Results for the year ending March 31, 2004 (April 1, 2003 - September 30, 2003)(1) Consolidated Business Results
FY2002
FY2003(1st Half)(1st Half)
Net Sales
1,665Operating Income0
Income Before Income Taxes
35
Net Income
9
Per Share Data:
Average Number of Shares Outstanding
39,330During the Term
Net Income per share (Yen)¥ 237.67(Millions of yen)
FY2002(Full Year)
3,718
247
246
128
39,286¥ 3,282.11

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) Consolidated Financial Position (as of September 30, 2003)
As of September As of September
30, 2002
30, 2003
Total Assets
3,130
3,299
Stockholders’ Equity
1,928
1,926
Equity Ratio
61.6
58.4 %Per Share Data:
Outstanding Number of Shares at the term
39,33039,330end
Stockholders’ Equity (Yen)¥49,028.99¥48,986.21(Millions of yen)
As of March 31,
2003
3,130
1,928
61.6 %(3) Consolidated Cash Flows (April 1, 2003 - September 30, 2003)(Millions of yen)

FY2002(1st Half)
Cash Flows from Operating Activities
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Cash and Cash Equivalents at the term end

FY2003(1st Half)-2.Forecast of 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)4,180104¥2,644.29215
(122)
283
1,536

39,330¥49,028.99
FY2002(Full Year)
(139)
(188)
495
1,160

3. Interim Consolidated Financial Statements
3-1 Interim Consolidated Balance Sheets(In thousand yen, rounded down)
At Interim Closing
for FY2002
As of September 30,
2002

AmountAt Interim Closing
for FY2003
As of September 30,
2003

Ratio

Amount77.4

1,315,857
624,225
220,347
314,996
23,78974,357
26,9762,600,551

1.7

55,32938,883469
94,68310.5

174,085
106,996
103,053
384,135

10.4
22.6
100.0

92,88055,873
7,834
56,283
212,870
691,6896,824
3,299,066

Balance Sheet
As of March 31, 2003

Ratio

AmountRatio

78.8

1,140,540
947,210
20,362
248,212
12,58371,7012,440,609

78.0

2.9

41,51940,839469
82,8282.6

11.6

178,078
109,837
53,875
341,791

10.9

6.5
21.0
0.2
100.0

96,04038,3707,144
79,26041,990262,805
687,424
2,833
3,130,869

8.4
21.9
0.1
100.0

<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.Consolidated Adjustment Account
3.Others
Sub-total

801,002596,504
190,348
293,595
16,26071,86595,366
2,064,942
14,79729,439469
44,707
182,519
96,396
1,626
280,542

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

93,72038,370
9,032
118,551
17,934
277,609602,858
2,667,801

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

Amount<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 Bonds
7.Deferred hedge profit
8.Others
Total Current Liabilities
Fixed Liabilities:
1.Bond
2.Reserve for Retirement Allowance
Total Fixed Liabilities
Total Liabilities<Minority Equity>
Minority Equity<Stockholders’<Stockholders’ Equity>
Capital Stock
Capital Surplus
Earned Surplus
Appraisal Loss on Investment Securities
Exchange Conversion Adjustment AccountTotal Stockholders’ Equity
Total Liabilities, Minority Equity and Shareholders’ EquityⅠⅡⅢⅣⅤ

268,529
53,67552,324
34,67377,58497,442
113,454697,684

Ratio

At Interim Closing
for FY2003
As of September 30,2003

AmountRatio

Balance Sheet
As of March 31, 2003

Amount

Ratio

26.1

251,376
35,251
63,562
38,97883,29560,00030,617563,08217.1
17.1

337,456
85,2752,878
33,98782,35465,802607,755

19.4

8,596
8,596
706,2810.3
26.4

740,000
10,164
750,164
1,313,247

22.7
39.8

500,000
9,059
509,059
1,116,814

16.3
35.7

86,701

3.3

59,191

1.8

85,7442.7

768,000
704,300
426,597(6,173)(17,905)
1,874,819
2,667,801

28.8
26.4
16.0
(0.2)
(0.7)
70.3
100.0

768,000
704,300
485,202(3,971)(26,903)
1,926,627
3,299,066

23.3
21.3
14.7
(0.1)
(0.8)
58.4
100.0

768,000
704,300
485,687(3,520)(26,156)
1,928,310
3,130,869

24.5
22.5
15.5
(0.1)
(0.8)
61.6
100.0

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

ⅠⅡ(From Apr 1, 2003 toSep 30, 2003)(From Apr 1, 2002 toMar 31, 2003)

AmountRatio

AmountRatio

1,665,586
1,104,907
560,678

100.0
66.3
33.7

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

100.0
67.3
32.7

560,37133.6

970,986

26.1

307

0.0

247,029

6.6

0.7

2,797
1,050
382
4,231

0.1

2,989
708
873
4,570

0.2

410
1,416
2,742
4,570

0.1

7,896

0.5

246,690

6.6

27,180

1.6--

Income Before Income Taxes

35,076

2.1

246.690

6.6

Income Taxes & tax adjustments

51,995

3.1

136,243

3.6

Minority Shareholder Loss

26,267

1.6

18,495

0.5

Net Income

9,347

128,942

3.5

Net Sales
Cost of Sales

Gross Profit
Ⅲ Selling, General and
Administrative Expenses
Operating Income
Ⅳ Non-Operating Profit
1.Interest Received
2.Exchange Gain
3.Others
ⅤStatements of Incomefor FY2002

Non-Operating Expenses
1.Interest Paid
2.Amortization of Bond Issue Expense
3.Others
Ordinary Profit

Ⅵ Extraordinary Gain
1.Cancellation of future exchange Contract

973
9,367
1,818
12,159

<Business Segment Information>(In thousand yen, Rounded down)
At Interim
Closing forFY2003(From Apr 1, 2003 toSep 30, 2003)

Security
Packaged
SoftwareHi-availability
Solution
Sub-Total

Service (Consultation & MSP)
Grand Total&Data

FY2002(From Apr 1,2002 to Mar 31,2003)

1,453,164

3,112,915

120,822

316,837

1,573,986

3,429,752

91,599289,030

1,665,586

3,718,783

3-3 Consolidated Statements of Cash Flows(In thousand yen, Rounded down)
At Interim Closingfor FY2003(From Apr 1, 2003 toSep 30, 2003)

Ⅰ Cash Flow from Operating Activities
Income Before Income Tax
Adjustments to Reconcile Net Income to Net Cash used
in Operating Activities:
Depreciation and Amortization
Amortization of Consolidated Adjustment AccountDecrease in Reserve for Bad Debts
Increase in Reserve for Bonus Payment
Increase in Reserve for Retirement AllowanceInterest and Dividends Received
Interest Paid
Exchange Loss and Gain
Decrease in Notes and Accounts Receivable
Decrease (Increase) in Inventories
Decrease in Notes and Accounts Payable
OthersSub-totalInterest and Dividends Received
Interest Paid
Income Taxes Paid
Net Cash Provided Used in Operating Activities
Ⅱ Cash Flows from Investing Activities
Payments for Purchases of Tangible Fixed Assets
Payments for Purchase of Intangible Fixed Assets
OthersNet Cash Used in Investing Activities
Ⅲ Cash Flows from Financing Activities
Revenue by Bond Issue
Revenue by Stock Issue
Payments of dividend
OthersNet Cash Provided by Financing Activities
Ⅳ Effect of Exchange rate Changes on Cash and Cash
Equivalents
Ⅴ Net Increase in Cash and Cash Equivalents
Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year
Ⅶ Cash and Cash Equivalents at the End of the Fiscal Year

FY2002(From Apr 1, 2002 toMar 31, 2003)

35,076

246,690

35,969
2,841
(466)
1,115
835
(973)
2,989
1
323,451(66,873)(86,080)(27,998)
219,976973(2,989)(2,899)215,061

42,506
3,830(1,731)
1,276
989(2,248)410
7,959
140,816
25,341(285,058)
2,028
182,8132,248(325,002)(139,940)(32,910)(66,353)(22,936)(122,200)(122,200)(67,514)(113,925)(6,953)(188,394)

293,190
9,829
283,360

495,750
1,300(1,120)495,930(918)(44,049)

375,302
1,160,902
1,536,205

123,546
1,037,356
1,160,902

3-4 Interim Consolidated Surplus Statements(In thousand yen, Rounded down)
At Interim Closing forFY2003(From Apr 1, 2003 to Sep30, 2003)

FY2002(From Apr 1, 2002 to Mar31, 2003)

Ⅰ<Capital Surplus>
Capital Surplus at the Beginning of the Fiscal Year704,300

704,300

Ⅱ

Capital Surplus at the End of the Fiscal Year704,300

704,300

485,687356,745

9,347

128,942

9,832-485,202

485,687<Earned Surplus>
Ⅰ

Earned Surplus at the Beginning of the Fiscal Year

Ⅱ

Increase in Earned Surplus
1.Net IncomeⅢ

Decrease in Earned Surplus
1.Divedend
Earned Surplus at the End of the Fiscal Year