Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the Year Ended March 31, 2014)

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 Director & CFO
TEL:+81-3-6853-7401

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

Net sales
For the Year Ended

Millions of yen

Mar. 31, 2014

3,342

Mar. 31, 2013

3,537 △11.8%△5.5%

Operating Income Ordinary income
Millions of yen

Millions of yen

11 △95.0%

18 △92.1%

226

233

6.6%

6.8%

Net income
Millions of yen

0△99.6%

134

20.4%

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

Basic EPS

Diluted EPS

For the Year EndedYen

YenMar. 31, 2014

0.14

－

Mar. 31, 2013

34.34

－Note: The company implemented a stock split of 1 to 100 as of April 1st, 2014.

Earnings per share is hypothetically calculated, providing stock split was executed at the beginning of the fiscal year (April 1st, 2013).

(2) Financial Conditions

Total Assets

Shareholders’EquityShareholders’Equity ratio

BPS

As of

Millions of yen

Millions of yen%

Yen

Mar. 31, 2014

2,594

1,963

75.6%

507.09Mar. 31, 2013

2,653

1,996

75.1%

510.96

Note: The company implemented a stock split of 1 to 100 as of April 1st, 2014.

Earnings per share is hypothetically calculated, providing stock split was executed at the beginning of the fiscal year (April 1st, 2013).

(3) Forecast for the Financial Results ( For the year ending March 31, 2015 )For period ending

Net sales

Operatind incomeOrdinary income

Net income

EPS

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

Sep. 30, 2014

1,600

1.0%

△150Mar. 31, 2015

3,6007.7%30－
162.8%

Note: The company implemented a stock split of 1 to 100 as of April 1st, 2014.

△15030－
62.7%

△90－

△23.27

10－

2.59

Earnings per share is calculated by (excluding treasury shares) of the number of shares outstanding after the stock split.

2. Financial statements(For the Year Ended Mar 31, 2014)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2013

Mar. 31, 2014

AmountAmountAssetsCurrent assets
Cash and deposits

1,107,845

1,142,677

Accounts receivable-trade

991,077

914,322

Merchandise and finished goods

86,52334,059Work in process

7,601

663

6

－

Advance payments-trade34,394456

Prepaid expenses

17,582

25,462

Deferred tax assets

24,60019,128Other

22,99041,213(79)(27)

2,292,541

2,177,955

62,01966,719

Accumulated depreciation(11,053)(17,749)

Buildings, net

50,96548,969Tools, furniture and fixtures

536,831

577,422

Accumulated depreciation(374,578)(386,403)

Tools, furniture and fixtures, net

162,252

191,018

Land

1,314

1,854

Construction in progress

1,095

－

215,627

241,843430

185

10,0808,449－

35,05010,511

43,685Investment securities

8,098

2,853

Lease deposits

38,87938,879Long-term prepaid expenses

7,788

5,575

Deferred tax assets

29,32730,259

Membership

26,99032,216Other

23,291

21,630Total investments and other assets

134,375

131,414360,514416,9432,653,055

2,594,898

Supplies

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

Total property, plant and equipment
Intangible assets
Right of trademark
Software
Software in progress
Total intangible assets
Investments and other assets

Total noncurrent assets
Total assets

Account Title

Note: Figures less than one thousand yen omitted
Mar. 31, 2014
Mar. 31, 2013
AmountAmountLiabilities
Current liabilities
Accounts payable-trade

232,966

297,357

Short-term loans payable

125,000

50,000Accounts payable-other102,154

109,252

Accrued expenses

34,86929,932

Income taxes payable24,715

3,392

Accrued consumption taxes－9,384

Advances received

273

273

Deposits received

9,004

5,112

Unearned revenue

4,143

4,368

Provision for bonuses

40,64836,387887

828

574,662546,288

81,80584,90481,80584,904656,468

631,193

Capital stock

771,110771,110

Legal capital surplus

705,200

705,200

Retained earnings brought forward

543,992

525,031

Treasury stock(22,890)(40,226)

1,997,412

1,961,114

Valuation difference on available-for-sale securities(3,656)

6

Total valuation and translation adjustments(3,656)

6

Subscription rights to shares

2,830

2,584

1,996,586

1,963,705

2,653,055

2,594,898

Other
Total current liabilities
Noncurrent liabilities
Provision for retirement benefits
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity

Total shareholders' equity
Valuation and translation adjustments

Total net assets
Total liabilities and net assets

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

Mar. 31, 2013

Mar. 31, 2014

AmountAmount

Ⅰ Net Sales

3,537,214

3,342,893Ⅱ Cost of Sales

2,204,164

2,164,734

Gross Profit

1,333,050

1,178,158

1,106,344

1,166,742

Operating Income

226,706

11,416

Ⅳ Non-operating Income

8,161

8,110

Ⅴ Non-operating Expenses

1,343

1,088

Ordinary Income

233,523

18,438

Ⅵ Extraordinary Income

340

415

Ⅶ Extraordinary Losses

496

10,466

Income Before Taxes

233,367

8,387

Tax Expenses

98,683

7,838

Income After Taxes

134,683

548

Ⅲ Selling, General and Administrative Expenses

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
The Year Ended
The Year Ended
March 31, 2013
March 31, 2014
AmountAmountⅠ Cash Flow from Operating Activities
Income before income taxes

233,367
92,379(21)(6,592)
11,431(2,350)
1,039
(133)
460

8,387
90,332(51)(4,260)
3,098
(252)
909
(782)
347

－
35
272,095(57,077)(135,967)(47,227)(34,181)(25,224)(34,259)
267,7702,350(970)(129,509)
139,641

6,060－
76,75559,40864,391
9,384
33,937883(2,716)
345,832
252(999)(54,715)290,369

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

100,000(130,520)
7,306(3,741)

2,849(119,611)－(23,915)

Purchase of memberships(12,290)(3,726)500－(1,800)

(500)

(250)

250

(40,796)(144,654)

Net increase (decrease) in short-term loans payable

25,000(75,000)

Repayment of long-term loans payable(15,000)

－

2,660

169

Purchase of treasury stock(22,890)(17,336)

Cash dividends paid

(19,565)(19,498)

Net cash provided by (used in) financing activities(29,795)(111,664)

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents

133782

Ⅴ Net Increase(Decrease) in Cash and Cash Equivalents

69,183
1,038,661
1,107,845

34,832
1,107,845
1,142,677

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 on retirement of noncurrent assets
Loss (gain) on valuation of investment securities
Loss (gain) on sales of noncurrent assets

Decrease (increase) in notes and accounts receivable-tradeDecrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade

Increase (decrease) in accrued consumption taxes
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 (used in) operating activities

Ⅱ Cash Flows from Investing Activities
Proceeds from redemption of securities

Proceeds from collection of guarantee deposits
Payments for guarantee deposits
Other, net
Net cash provided by (used in) investing activities

Ⅲ Cash Flows from Financing Activities

Proceeds from issuance of subscription rights to shares

Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year

Ⅶ Cash and Cash Equivalents at the End of Period