Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the 6Months Ended September 30, 2020)

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

Takenori KatsuragiManaging Director ＆CFO
TEL:

+81-3-6853-7401

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

For the 6Months EndedNet sales

Operating Income

Ordinary income

Net income

Millions of yen

Millions of yen

Millions of yen

Millions of yen△44△42△46Sep. 30, 2020

1,366

Sep. 30, 2019

1,674

△18.3%

9.1%－22－－32－

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

For the 6Months Ended

Sep. 30, 2020
Sep. 30, 2019

Basic EPS

Diluted EPS

Yen

Yen

△12.28－

6.75－

Total Assets

Shareholders’ Equity

Shareholders’Equity ratio

As ofMillions of yen

Millions of yen%Sep. 30, 2020

2,153

1,491

69.2%

Mar. 31, 2020

2,403

1,542

64.2%

(2) Financial Conditions25－－

2. Financial statements(For the 6Months Ended September 30, 2020)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2020

Sep. 30, 2020

AmountAmountAssets
Current assets
Cash and deposits

974,077

932,871

Accounts receivable-trade763,611561,808

Merchandise and finished goods

74,38367,541Work in process

6,959

3,429

214

420

31,63435,343346

258(17,015)(11)

1,834,212

1,601,663

Buildings, net

30,43029,120Tools, furniture and fixtures, net

244,815

222,297

1,854

1,854

277,100

253,272

6,500

16,480285,583

281,645569,184

551,397

2,403,396

2,153,061

Accounts payable-trade245,132

102,713

Short-term loans payable

200,000

200,000

Accounts payable-other109,180

56,327

Accrued expenses

37,14938,767

Income taxes payable

24,7308,169

Comsumption tax payable

31,48518,923

Advances received

13,501

58,778Deposits received

5,816

6,658

Unearned revenue

24,272－Provision for bonuses

56,31355,471365363

747,948546,173

Supplies
Prepaid expenses
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment

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

OtherTotal current liabilities

Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2020

Sep. 30, 2020

AmountAmountNoncurrent liabilities
Provision for retirement benefits

112,611

115,372

112,611

115,372

860,559

661,546

Capital stock

771,110771,110

Capital surplus

705,200

705,200

Retained earnings

73,25926,399

(369)

(369)

1,549,199

1,502,339

Valuation difference on available-for-salesecurities(6,363)(10,824)

Total valuation and translation adjustments(6,363)(10,824)

Total net assets

1,542,836

1,491,515

Total liabilities and net assets

2,403,396

2,153,061

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

Ⅰ Net Sales

Sep. 30, 2019

Sep. 30, 2020

AmountAmount

1,674,239

1,366,959

Ⅱ Cost of Sales

982,226

809,143

Gross Profit

692,012557,816

669,303602,536

Operating Income

22,709(44,719)

Ⅳ Non-operating Income

13,4184,032

Ⅴ Non-operating Expenses

3,716

2,052

Ordinary Income

32,411(42,739)

Ⅵ Extraordinary Income

367－

Ⅶ Extraordinary Losses－－

Income Before Taxes

32,779(42,739)

Tax Expenses

6,995

4,120

Income After Taxes

25,783(46,859)

Ⅲ Selling, General and Administrative Expenses

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
6Mounths Ended
6MonthsEnded
Sep 30, 2019Sep 30, 2020
AmountAmountⅠ Cash Flow from Operating Activities
Income (loss) before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for retirement benefits

Interest income

Dividend income
Interest expenses

Foreign exchange losses (gains)
Loss (gain) on investments in partnership
Loss (gain) on sales of property, plant and equipment
Decrease (increase) in notes and accounts receivable-trade

Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-tradeIncrease (decrease) in accrued consumption taxes
Decrease (increase) in consumption taxes refund receivable

Decrease (increase) in advance payments
Increase (decrease) in accounts payable-other

Other, net
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net Cash Provided by Operating Activities
Ⅱ Cash Flows from Investing Activities
Purchase of property, plant and equipment

Purchase of intangible assets
Proceeds from sales of property, plant and equipment
Purchase of memberships

Proceeds from distributions from investment partnerships

Net Cash Used in Investing Activities

32,77955,582
(0)
3,502
4,553
(31)
(9,627)
713

(109)
2,932
(367)
14,454
4,695(62,848)
30,51923,275(9,350)(18,260)(14,745)
57,6695,126(673)(2,294)
59,826(29,268)－367(71,357)－(42,739)
68,079(17,004)
(842)
2,760

(5)
－

700
14(1,019)－
201,803
10,164(142,419)(12,561)－－(38,503)
16,523
44,9515(646)(14,300)
30,009(47,706)(20,874)－(5,483)
2,865(100,258)(71,198)

Purchase of treasury shares(52)－Cash dividends paid

(1)

(1)

Net cash provided by (used in) financing activities

(53)

(1)

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents

109

(14)

Ⅴ Net Decrease in Cash and Cash Equivalents(40,376)(41,206)

Ⅵ Cash and Cash Equivalents at Beginning of Period

905,468

974,077

Ⅶ Cash and Cash Equivalents at the End of Period

865,092

932,871

Ⅲ Cash Flows from Financing Activities