Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the 6 Months Ended September 30, 2010)

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

Takenori KatsuragiManaging DirectorTEL:+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 6 Months Ended

Millions of yen

Operating Income Ordinary income
Millions of yen

Millions of yen

Net income
Millions of yen

Sep. 30, 2010

2,127

16.1%

232

12.8%

231

12.0%

187 △17.6%

Sep. 30, 2009

1,833

4.3%

206

85.5%

206

78.2%

227

62.0%

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

Basic EPS

Diluted EPS

For the 6 Months Ended

Yen

Yen

Sep. 30, 2010

4,732.37-Sep. 30, 2009

5,759.03

5,737.92

Total Assets

Shareholders’EquityShareholders’Equity ratio

BPS

As of

Millions of yen

Millions of yen%Yen

Sep. 30, 2010

2,418

1,733

71.7%

43,784.92

Mar. 31, 2010

2,4641,565

63.5%

39,545.70(2) Financial Conditions(3) Forecast for the Financial Results ( For the year ending March 31, 2011 )For period ending

Mar. 31, 2011

Net sales

OperatindincomeOrdinary income

Net income

EPS

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

4,500

12.8%

438

0.1%

444

0.0%

444

△3.9%

11,221.11

2. Financial statements(For the 6 Months Ended Sep 30, 2010)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Sep. 30, 2010

Mar. 31, 2010

AmountAmountAssetsCurrent assets
Cash and deposits

742,698

736,598

Accounts receivable-trade735,544

1,080,395

Merchandise and finished goods

107,469

108,869

Work in process

388

181

Raw materials and supplies

321

511

Advance payments-trade316,222

12,067

Prepaid expenses

21,38914,051

Deferred tax assets

33,95071,307

1942

11,992

13,070(59)(86)

1,969,936

2,037,007

Buildings, net

14,903

15,260Tools, furniture and fixtures, net

178,198

181,213819

819

Total property, plant and equipment

193,922

197,294

Intangible assets

31,13135,929Investments and other assets

223,229

194,687

448,282

427,9112,418,219

2,464,918

Income taxes receivable
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment

Land

Total noncurrent assets
Total assets

Account Title

Note: Figures less than one thousand yen omitted
Sep. 30, 2010
Mar. 31, 2010
AmountAmountLiabilities
Current liabilities
Accounts payable-trade

96,942

145,365

Short-term loans payable

100,000

150,000

Current portion of bonds

83,000113,000

Current portion of long-term loans payable

34,00034,000Accounts payable-other

52,436

145,480

Accrued expenses

43,21348,225

Income taxes payable

86,762

54,161

Accrued consumption taxes－

10,939Advances received

115－

Deposits received

6,633

5,482

Unearned revenue

6,409

4,203

Provision for bonuses

47,88451,447

Other

23,252

1,546

580,649

763,852

Bonds payable

17,50034,000Long-term loans payable

32,00049,000

Provision for retirement benefits

54,40652,253103,906

135,253684,555

899,106

Capital stock

771,110771,110

Capital surplus

705,200

705,200

Retained earnings

259,397

91,816

1,735,7071,568,126

Valuation difference on available-for-sale securities(2,553)(2,315)

Total valuation and translation adjustments(2,553)(2,315)510－

1,733,664

1,565,811

2,418,219

2,464,918

Total current liabilities
Noncurrent liabilities

Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity

Total shareholders' equity
Valuation and translation adjustments

Subscription rights to shares
Total net assets
Total liabilities and net assets

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

Sep. 30, 2009

Sep. 30, 2010

AmountAmountⅠ Net Sales

1,833,196

2,127,996

Ⅱ Cost of Sales

1,047,911

1,293,310

Gross Profit

785,285

834,685

578,802

601,834

Operating Income

206,483

232,850

Ⅳ Non-operating Income

3,755

1,345

Ⅴ Non-operating Expenses

3,412

2,465

Ordinary Income

206,826

231,730

Ⅵ Extraordinary Income

8,438

27

Ⅶ Extraordinary Losses

3,133

102

Income Before Taxes

212,132

231,655

Tax Expenses(15,263)

44,277

Income After Taxes

227,395

187,378

Ⅲ Selling, General and Administrative Expenses

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
6 Months Ended
6 Months Ended
September 30, 2009
September 30, 2010
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

164,271

231,655
45,831(27)(3,563)
2,152
(98)
1,850
371
102
－
344,850
1,382(48,422)(304,154)(85,872)
186,056
98(1,995)(2,267)
181,891(24,598)(39,976)

Purchase of intangible assets(16,673)(3,519)Proceeds from sales of property, plant and equipmen

12,796842

Payments for guarantee deposits(21,100)(325)

Purchase of memberships(14,700)

－

4,531

－

(59,743)(42,978)

Net increase (decrease) in short-term loans payable(300,000)(50,000)

Proceeds from long-term loans payable

100,000－

Repayment of long-term loans payable－(246,500)(17,000)(46,500)510(19,451)(132,441)

0(371)(141,971)

6,100

784,196736,598
742,698

212,132
51,629(986)
239

Increase (decrease) in provision for retirement benefits

707Interest incomeInterest expenses
Foreign exchange losses (gains)

(93)
2,204

Loss on retirement of property, plant and equipment and intangible assets

2,541

Loss (gain) on sales of property, plant and equipment(7,452)

Decrease (increase) in notes and accounts receivable-trade

58,584

Decrease (increase) in inventories(81,092)

Increase (decrease) in notes and accounts payable-trade(62,439)

Decrease (increase) in advance payments
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

Other, net
Net Cash Used in Investing Activities

0－(3,459)
172,51593(2,585)(5,750)

Ⅲ Cash Flows from Financing Activities

Redemption of bonds

Proceeds from issuance of subscription rights to shares

Cash dividends paid
Net Cash Used in Financing Activities
Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents
Ⅴ Net Decrease 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 Period(46,500)－－642,225