Asgent, Inc.

Summary of Consolidated Financial Results
Financial Highlights(For the 6 months ended September 30, 2007)

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

For the 6 months endedNet sales

Operating income

Ordinary income

Net income

Millions of yen

Millions of yen

Millions of yen

Millions of yen

3-%

17-%

Sept. 30, 2007

1,655+1.3%

1 -%Sept. 30, 2006

1,634-6.0%

(23)

-%

(30)

-%

(18)

-%

3,390+2.8%

(156)

-%

(187)

-%

(420)

-%

For the year ended
Mar. 31, 2007

Note: the ratio represents the changes from the same period of the previous year

Basic EPS

Diluted EPS

Yen

Yen

For the 6 months ended
Sept. 30, 2007

431.13428.44

Sept. 30, 2006

(459.57)-For the year ended
Mar. 31, 2007

(10,672.54)-(2) Consolidated Financial ConditionsTotal Assets

As ofMillions of yen

Shareholders`Shareholders’EquityEquity ratio

BPS

Millions of yen

Yen

Sept. 30, 2007

2,020

971+48.1 %24,601.15

Sept. 30, 2006

2,488

1,345

+54.1 %

34,130.37

Mar. 31, 2007

2,318

958

+41.3 %

24,271.95(3) Consolidated Cash Flows

For the 6 months ended

Cash and cash

Operating

Investing

Financing

activities

activities

activities

Millions of yen

Millions of yen

Millions of yen

equivalents
end of period
Millions of yen

Sept. 30, 2007

7(73)

(76)

390

Sept. 30, 2006

(73)

(264)

(151)

327

(198)

(60)

(35)

530

For the year ended
Mar. 31, 2007

2. Forecast for the Consolidated Financial Results (For the year Ending March 31st ,2008)

Net sales
For the year ending
Mar.31,2008

Millions of yen

3,510

+3.5%

Operating

Ordinary

incomeincomeMillions of yen

Millions of yen

50-%

40

Note: the ratio represents the changes from the same period of the previous year-%

Net income

Basic EPS

Millions of yen

Yen30-%

759 .78

3. Consolidated financial statements（for the six months ended September 30, 2007）(1) Consolidated Balance Sheets
Note: Figures less than one thousand yen omitted

Account Title

Sept 30., 2006
AmountRatio

Sept. 30, 2007
AmountRatio

ChangeMar. 31, 2007

AmountAmount

Ratio

AssetsCurrent Assets
1.Cash and Deposits

327,020390,238

530,019

2.Account Receivable-trade707,841

704,166

912,645

3.Marketable Securities

100,000--

4.Inventories

371,945

88,011

325,528

5.Deferred Tax

87,34553,371

41,020

87

79

1,038

7.Others

92,58993,95639,034

Allowance for Bad Debt

(1,159)(1,208)(1,139)6.Corporate Tax Receivable

Total Current Assets

1,685,671

67.7

1,328,615

65.8(357,056)

1,848,146

79.7

Fixed Assets
Tangible Fixed Assets
1. Building

20,42921,923

21,726

2.Tools, Furniture and Fixtures

43,001

226,471

38,596

3.Land

469

819

819

Sub-total

63,901

2.6

249,21412.3

185,313

61,143

2.7

Intangible Fixed Assets
1.Software

152,395

118,539

117,371

2.Others

35,55585,26747,992Sub-total

187,951

7.6

203,806

10.1

15,855

165,364

7.1

Investment and Other Assets
1.Investment Securities

313,690

176,631

181,153

2.Deposits

57,35358,06857,459

3.Deferred Tax

169,201--

4.Others

10,330

3,850

5,405

Sub-total

550,57622.1

238,550

11.8(312,025244,01810.5)
Total Fixed Assets
Total Assets

802,42932.3

691,57234.2(110.856)

470,52620.3

2,488,100

100.0

2,020,187

100.0(467,912

2,318,672100.0)

Note:Figures less than one thousand yen omitted

Account Title

Sept. 30, 2006
AmountRatio

Sept. 30, 2007
AmountRatio

ChangeMar 31, 2007

AmountAmount

Ratio

Liabilities
Current Liabilities
1.Accounts payable-trade

365,570

230,125

471,416

2.Short-term Loan Payble-540,400

115,000

3.Current Portion of Bond--500,000

4. Accounts Payble

93,28355,658108,451

5.Accrued Corporate Taxes

3,819

4,138

5,036

6.Reserve for bonus

45,76542,31845,245

7. Others

131,814

135,936

78,238

Total Current Liabilities

610,25424.5

1,008,577

49.9

398,322

1,323,388

57.1

Fixed Liabilities
1.Bond500,000--

2.Reserve for retirement allowance

32,25640,23436,905

Total Fixed Liabilities

532,256

21.4

40,2342.0(492,022)

36,905

1.6

1,142,510

45.9

1,048,811

51.9(93,699)

1,360,294

58.7

1.Capital stock

768,800

30.9769,500

38.1

700

769,500

33.2

2.Capital surplus

704,960

28.3

705,20034.9

240705,200

30.4

3.Earned surplus(133,163)(5.3)(518,861)(25.7)(385,697)(535,884)△23.1

Total Stockholders’ equity

1,340,596

53.9

955,83847.3(384,757)

938,81540.5(12,058)(0.5)(11,173)

(0.5)

884

(8,492)△0.4

17,0520.7

26,711

1.3

9,659

28,055

1.2

4,993

0.2

15,5380.8

10,544

19,562

0.8

Total Net Assets

1,345,589

54.1

971,37648.1(374,213)

958,377

41.3

Total Liabilities and Net Assets

2,488,100

100.0

2,020,187

100.0(467,912)

2,318,672

100.0

Total Liabilities
Net Assets
Stockholders’ equity

Appraisal／Conversion Differences
1. Apprisal Differences on
Investment Securities
2. E x c h a n g e C o n v e r s i o n
Adjustment AccountTotal Appraisal Conversion Differences

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

Account Title

6 months ended

6 months ended

Sept.30, 2006

Sept. 30, 2007

ChangeYear ended
Mar. 31, 2007

AmountRatioAmount

Ratio

AmountAmountRatio

Ⅰ Net Sales

1,634,727

100.0

1,655,960

100.0

21,2333,390,648

100.0

Ⅱ Cost of Sales

1,108,384

67.8

1,115,747

67.4

7,362

2,361,726

69.7

Gross Profit

526,34232.2

540,21332.6

13,8701,028,921

30.3

549,38933.6

539,058

32.6(10,331)

1,185,242

34.9(23,046)

(1.4)

1,155

0.0

24,201(156,320)(4.6)

Ⅳ Non-operating Profit

13,028

0.8

9,851

0.6

(3,176)33,441

1.0

Ⅴ Non-operating Expense

20,711

1.3

7,867

0.5

(12,844)

64,276

1.9Ordinary Income (Loss）(30,729)

(1.9)

3,140

0.1

33,869(187,156)(5.5)

Ⅵ Extraordinary Loss

10,1000.6

964

0.0(9,136)

42,171

1.3

Profit(Loss) Before Taxes(40,830)

(2.5)

2,175

0.1

43,005(229,327)(6.8)

Tax Expenses(22,711)(1.4)(14,847)

(0.9)

7,863

191,512

5.6

Profit(Loss) After Taxes(18,118)(1.1)

17,0231.0

35,141(420,839)(12.4)

Ⅲ

Selling,

GeneralandAdministrative expense
Operation Profit(Loss）

(3)Consolidated Statements of Cash Flows
Figures less than one thousand yen omitted.
6 months ended

6 months ended

Year ended

Sept.30 2006

Sept.30, 2007

Mar. 31,2007

Ⅰ Cash Flow from Operating Activities
Income(Loss) Before Income Tax(40,830)

2,175(229,327)

Adjustments to Reconcile Net Income to Net Cash used in Operating Activities:
Depreciation and Amortization

38,94662,284

81,782

Loss from Evaluation of Software Assets

10,100-38,465--

3,705

Increase(Decrease) in Reserve for Bad Debts

138

69

119

Increase(Decrease) in Reserve for Bonus Payment(126)(2,276)(54)

Increase in Reserve for Retirement Allowance

5,594

3,229

10,053Interest and Dividends Received(1,023)(569)(2,752)

Interest Paid

3,930

4,291

7,689(86)

(30)

1,801

Increase(Decrease) in Notes and Accounts Receivable-trade(38,108)

208,535(243,042)

Decrease(Increase) in Inventories(64,970)

31,954(17,478)

Decrease(Increase) in Notes and Accounts Payable(4,172)(241,315)

101,496

Others11,878(53,673)

44,617

Sub-total(78,728)

14,673(202,924)

Interest and Dividends Received

442

569

2,752

Interest Paid(3,730)(6,341)(5,964)

Income Taxes Refunded(Paid)

8,537(1,083)

7,585(73,480)

7,817(198,550)

Payments for Purchases of Tangible Fixed Assets(12,469)(19,824)(21,991)

Payments for Purchases of Intangible Fixed Assets(56,077)(53,341)(90,055)

Payments for Purchases of Marketable Securities(387,135)(450)(510,934)

Revenue from Sales of Marketable Securities

193,624680

562,434

Others(2,043)

(336)

500

(264,100)(73,272)(60,047)(151,200)(501,375)(151,200)

Revenue by short-term loan-

425,400

115,000

Revenue by Stock Issue--940

Payments for Dividends(17)(206)(166)(151,217)(76,181)(35,426)

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents

61

1,856

8,285

Ⅴ Net Increase(Decrease) in Cash and Cash Equivalents(488,737)(139,780)(285,739)

Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year815,758

530,019

815,758

Ⅶ Cash and Cash Equivalents at the End of the Fiscal Year

327,020390,238

530,019

Loss from Impairment of Assets

Exchange Loss(Gain)

Net Cash Provided by(used in) Operating Activities
Ⅱ Cash Flows from Investing Activities

Net Cash Used in Investing Activities
Ⅲ Cash Flows from Financing Activities
Payments for Bond Redemption

Net Cash Provided used in Financing Activities

(4) Consolidated Statements of Shareholders’ Equity
Figures less than one thousand yen omitted.
6 months ended

6 months ended

Year ended

Sept.30 2006

Sept.30, 2007

Mar. 31,2007

Shareholders’ Equity
Common Stock
Balance, Beginning of period

768,800

769,500

768,800--

700

768,800

769,500

769,500

704,960

705,200

704,960--

240

704,960

705,200

705,200

Balance, Beginning of period(115,045)(535,884)(115,045)

Changes: Net income (loss)(18,118)

17,023(420,839)

Balance, end of period(133,163)(518,861)(535,884)(983)(8,492)(983)

Changes(11,075)(2,681)(7,509)Balance, end of period(12,058)(11,173)(8,492)

17,28028,055

17,280(228)(1,343)

10,774

17,052

26,711

28,055

Balance, Beginning of period

1,375,011

958,377

1,375,011

Changes(29,422)

12,998(416,633)

1,345,589

971,376

958,377

Changes: Issuance of common stock upon exerciseof stock option
Balance, end of period
Additional paid-in capital
Balance, beginning of periodChanges: Issuance of common stock upon exerciseof stock option
Balance, end of period
Unappropriated retained earnings

Net unrealized securities available for sale
Balance, Beginning of period

Foreign currency translation adjustments
Balance, Beginning of period
Changes
Balance, end of period

Total

Balance, end of period