Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the Year Ended March 31, 2021)

Listed Company Name: Asgent, Inc.
Listing Exchange: JASDAQ
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 EndedNet sales

Operating Income

Ordinary income

Net income

Millions of yen

Millions of yen

Millions of yenMillions of yen

Mar. 31, 2021

2,795Mar. 31, 2020

3,126

△10.5%

3.4%

△52－

△38－

△51－

44－

61－

45－

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

Basic EPS

Diluted EPS

Yen

Yen

Mar. 31, 2021

△13.55－Mar. 31, 2020

11.96

－

Total Assets

Shareholders’ Equity

Shareholders’Equity ratio

As ofMillions of yen

Millions of yen%

Mar. 31, 2021

2,190

1,493

68.2%

Mar. 31, 2020

2,403

1,542

64.2%

For the Year Ended(2) Financial Conditions

2. Financial statements(For the Year Ended March 31, 2021)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2020

Mar. 31, 2021

AmountAmountAssetsCurrent assets
Cash and deposits

974,077

897,748

Accounts receivable-trade763,611700,323

Merchandise and finished goods

74,38331,025Work in process

6,959

73

214

429

31,63429,517

Consumption taxes receivable－4,216

Other

346

301

(17,015)(14)

1,834,212

1,663,622

Buildings, net

30,43027,810Tools, furniture and fixtures, net

244,815

207,342

1,854

1,854

277,100

237,008

6,500

11,216285,583

278,469

569,184

526,693

2,403,396

2,190,316

Accounts payable-trade245,132

159,593

Short-term loans payable

200,000

200,000

Accounts payable-other109,180

89,830Accrued expenses

37,14933,702

Income taxes payable

24,7303,461

Comsumption tax payable

31,485

8,072

Advances received

13,501

27,099Deposits received

5,816

5,223

Unearned revenue

24,272－Provision for bonuses

56,31354,381365

337

747,948581,702

Supplies
Prepaid expenses

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

Land
Total property, plant and equipment
Intangible assets
Investments and other assets
Total noncurrent assets
Total assets
Liabilities
Current liabilities

Other
Total current liabilities

Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2020

Mar. 31, 2021

AmountAmountNoncurrent liabilities
Provision for retirement benefits

112,611

114,707

112,611

114,707860,559

696,410

Capital stock

771,110771,110

Capital surplus

705,200

705,200

Retained earnings

73,25921,551

(369)

(369)

1,549,199

1,497,491

Valuation difference on available-for-salesecurities(6,363)(3,585)

Total valuation and translation adjustments(6,363)(3,585)

Total net assets

1,542,836

1,493,905

Total liabilities and net assets

2,403,396

2,190,316

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, 2020

Mar. 31, 2021

AmountAmount

Ⅰ Net Sales

3,126,010

2,795,125

Ⅱ Cost of Sales

1,746,126

1,645,075

Gross Profit

1,379,884

1,150,075

1,335,215

1,202,974

Operating Income

44,668(52,898)

Ⅳ Non-operating Income

20,847

16,152

Ⅴ Non-operating Expenses

3,545

1,726

Ordinary Income

61,970(38,472)

Ⅵ Extraordinary Income

4,589

－

Ⅶ Extraordinary Losses

16,121－

Income Before Taxes

50,439(38,472)

Tax Expenses

4,773

13,235

Income After Taxes

45,665(51,708)

Ⅲ Selling, General and Administrative Expenses

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
The Year EndedThe Year Ended
March 31, 2020
March 31, 2021
AmountAmountⅠ 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 investments in partnership
Loss (gain) on sales of non-current assets
Gain on donation of non-current assets
Loss on retirement of property, plant and equipment and intangible assets

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

Increase (decrease) in accounts payable-other
Other, net
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes refund (paid)

50,439116,738
17,001(3,138)3,376(9,073)
1,421
2(5,956)(367)(4,222)
2,364(58,558)(19,880)
67,15531,48523,275
6,729(32,934)
185,857
9,073(1,430)(2,296)(38,472)

135,415(17,001)(1,932)
2,095
(10)
1,398
(91)
(13,614)－－－
63,28750,028(85,539)(23,412)－(5,137)(18,246)

48,76810

191,204(1,399)(23,326)
24,052(114,223)(92,026)367－

65,605－－(22,225)

Purchase of securities(84,765)(5,483)

Proceeds from distribution of investment in partnerships

12,833

19,266

Payments for leasehold deposits(2,285)－(122,468)(100,469)

(117)

－

(6)

(3)

Net cash provided by (used in) financing activities

(123)

(3)

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents

(2)

91

Ⅴ Net Increase(Decrease) in Cash and Cash Equivalents
Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year

68,609905,468(76,328)
974,077

Ⅶ Cash and Cash Equivalents at the End of Period

974,077

897,748

Net cash provided by (used in) operating activities

Ⅱ Cash Flows from Investing Activities

Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment

Proceeds from sales of securities
Purchase of intangible assets

Net cash provided by (used in) investing activities

Ⅲ Cash Flows from Financing Activities

Purchase of treasury shares
Cash dividends paid