Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the 3 months Ended June 30, 2008)

Listed Company Name: Asgent, Inc.
Listing Exchange: JASDAQ
Security Code No:4288
URL: http://www.asgent.co.jp/
Representative: Takahiro Sugimoto
President & CEO
Enquiries:

Shinji Suzuki
Managing Director & CFO

TEL:+81-3-5643-2581

1. Business Results(1) Operating Results
Note: Figures less than one million yen omitted, except for EPS and BPS

Net sales
For the 3 months ended

Millions of yen

Operating income

Ordinary income

Millions of yen

Millions of yen

Net income
Millions of yen

June 30, 2008

867-%

66-%

64-%

100-%

June 30, 2007--%--%--%--%

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

Basic EPS

Diluted EPS

Yen

Yen

For the 3 months ended
June 30, 2008

2,551.26

2,542.12

June 30, 2007--Note: No last year comparison. Resume disclosing non-consolidation basis information from this period due to liquidation ofsubsidiaries last year.

(2) Financial Conditions
Total Assets
As ofMillions of yen

Shareholders’Shareholders’EquityEquity ratio

Millions of yen%

BPS
Yen

June 30, 2008

1,780947

53.2%

23,986.06

Mar. 31, 2008

2,097

841

40.1%

21,313.64

Net income

EPS

Millions of yen

Yen(3) Forecast for the Financial Results (For the year ending March 31, 2009)
Net sales
For period ending

Millions of yen

Operating

Ordinary

incomeincomeMillions of yen

Millions of yen

Sept. 30, 2008

1,700

3.0%

75

152.9%

75

116.6%

110 - %

2,785.87

Mar. 31, 2009

3,700

1.0%

175

20.6%

175

24.3%

210 - %

5,318.48

2. Financial statements（for the 3 months Ended June 30,2008）(1) Balance Sheets
Note: Figures less than one thousand yen omitted

Account Title

June 30,2008

Mar. 31, 2008

AmountAmountAssets
Current Assets
1.Cash and Deposits

522,165

536,620

2.Accounts Receivable-trade603,255

938,239

3.Inventories

51,90549,676

4.Goods in Progress

5,908

1,501

918

971

6.Prepaid Expenses

18,711

15,467

7.Deferred Income Taxes

72,03938,896

261

255

7,646

12,154(977)(1,502)

1,281,834

1,592,279

1. Building

20,782

21,142

2.Tools, Furniture and Fixtures

190,132

196,596

3.Land819

819

Sub-total211,734

218,559

Intangible Fixed Assets

84,976

92,680Investments and Other Assets

201,824

193,816

498,535

505,055

1,780,370

2,097,335

5.Stored Goods

8.Corporate Taxes Receivable
9.Other current assets
Allowance for Bad Debts
Total Current Assets
Fixed Assets
Tangible Fixed Assets

Total Fixed Assets
Total Assets

Note: Figures less than one thousand yen omitted

Account Title

June 30,2008

Mar. 31, 2008

AmountAmountLiabilities
Current Liabilities
1.Accounts Payable-trade132,853

403,215

2.Short-term Loan Payable

280,700

412,500

3.Short-term Bond Payable

60,00060,0004.Accounts Payable-other

52,05438,864

5.Accrued Expenses

39,52534,895

6.Accrued Corporate Taxes

2,297

5,337-55,023

8.Advances Received

2,132

630

9.Deposit received

3,735

3,886

10.Diferred Revenue

4,065

3,509

11.Reserve for Bonus

68,62545,377

12.Reserve For Loss on Disposal of Discontinued Division

6,947

8,651

13.Others

27,319613

680,257

1,072,503

1.Bonds

110,000

140,000

2.Reserve for Retirement Allowances

43,02243,262

Total Fixed Liabilities

153,022

183,262

Total Liabilities

833,280

1,255,7661.Capital Stock769,500

769,500

2.Capital Surplus

705,200

705,200

3.Earned Surplus(525,762)(626,498)

Total Stockholders’ Equity

948,937

848,201(1,848)(6,632)

Total Appraisal Conversion Differences(1,848)(6,632)

Total Net Assets

947,089

841,568

1,780,370

2,097,335

7.Consumption Taxes Payable

Total Current Liabilities
Fixed Liabilities

Net Assets
Stockholders’ Equity

Appraisal Conversion Differences1.Appraisal Differences on Investment Securities

Total Liabilities and Net Assets

(2) Statements of Income
Note: Figures less than one thousand yen omitted

Account Title

3 months Ended June 30, 2008

AmountⅠ Net Sales

867,508

Ⅱ Cost of Sales

538,539

Gross Profit

328,969

Ⅲ Selling, General and Administrative Expenses

262,517

Operation Profit

66,451Ⅳ Non-operating Profit

1,247

Ⅴ Non-operating Expense

2,815

Ordinary Income

64,883

Profit Before Taxes

64,883Tax Expenses(35,853)

Profit After Taxes

100,736

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.

3 months Ended June 30, 2008
Ⅰ Cash Flow from Operating Activities
Income Before Taxes
Depreciation and AmortizationDecrease in Reserve for Bad Debts
Increase in Reserve for Bonus
Decrease in Reserve for Retirement Allowance
Decrease in Reserve for Loss from Discontinued DivisionDividends Received
Interest Paid
Exchange Gain
Decrease in Notes and Accounts Receivable-trade
Increase in Inventories
Decrease in Notes and Accounts Payable-trade
Others-net
Sub-totalInterest and Dividends Received
Interest Paid
Income Taxes Paid
Net Cash Provided by Operating Activities
Ⅱ Cash Flows from Investing Activities

64,88324,050(525)
23,223(241)(1,704)
(88)
2,103
(371)
334,984(6,583)(270,361)(14,222)
155,146
88(1,393)(2,296)
151,545

Payments for Purchases of Tangible Fixed Assets(5,897)

Revenue from Sales of Tangible Fixed Assets

2,507

Payments for Purchases of Intangible Fixed Assets(1,180)Net Cash Used in Investing Activities(4,570)

Ⅲ Cash Flows from Financing Activities
Net decrease in Short-term Loan

(131,800)

Payments for Bond Redemption(30,000)

Net Cash Used in Financing Activities(161,800)

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents

371

Ⅴ Net Decrease in Cash and Cash Equivalents(14,454)

Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year536,620

Ⅶ Cash and Cash Equivalents at the End of June 30, 2008

522,165