Summary of Consolidated Financial Results(For the half year ended September 30, 2005)
November 11, 2005
Listed Company Name: Asgent, Inc.
Listing Exchanges: JASDAQ
Securities Code No:4288
Head OfficeTokyo
URL:
http://www.asgent.co.jp/
Representative:
Representative Director President Takahiro SugimotoContact:
Executive Financial Director Shinji Suzuki
TEL:(03)5643-2581
Date of Board of Director’s Meeting for Approval of Financial Results:
November 11, 2005
Application of US Financial Accounting Standards:
Not adopted
1. Consolidated Business Results for the half year ended September 30, 2005 (April 1, 2005 – September 30,2005)(1) Consolidated Operating Results
Note : Figures less than one million yen omitted.
Net sales
Operating income
Ordinary income
Millions of yen
Millions of yen
Millions of yen％％％
Half Year ended 9/05
1,739
(16.2)
3825(−)(−)
Half Year ended 9/04
1,497(-10.1)-125-171(−)(−)
Year ended 3/05
3,420-166-258
Net income

Net income per share

Net income per share/dilutedYen
Half Year ended 9/05
25647.56
Half Year ended 9/04-241−
Year ended 3/05-555−
Note: 1. Equity in earnings of affiliates:
Half Year ended 9/05:
Half Year ended 9/04:− Million yen− Million yen
Year ended 3/05:
Millionyen−
2. Average number of shares (consolidated):
Half Year ended 9/05:
39,425 shares
Half Year ended 9/04:
39,345 sharesYear ended 3/05:
39,385 shares
3. Changes in accounting method:
None
4. Changes in net sales, operating income, ordinary income, and net income from the previous year
are shown as percentages on a year-on-year basis.
Millions of yen

Yen
653.51-6,128.37-14,115.05

％(−)
(−)

(2) Consolidated Financial Conditions
Total assets
Half Year ended 9/05
Half Year ended 9/04
Year ended 3/05
Note

Shareholders’ equity

Shareholders’ equity
per share

Equity ratio

Millions of yen

Millions of yen％

Yen

2,851
2,945
2,769

1,543
1,656
1,321

54.1
56.2
47.7

39,144.38
42,024.16
33,517.32

Number of shares outstanding (consolidated) at year-end:
Half Year ended 9/05:
39,425 shares
Half Year ended 9/04:
Year ended 3/05:
39,425 shares

39,425 shares(3) Consolidated Cash Flow Conditions

Half Year ended 9/05
Half Year ended 9/04
Year ended 3/05

Cash flow fromoperating activities

Cash flow frominvesting activities

Cash flow fromfinancing activities

Millions of yen
255
-77
-396

Millions of yen
-5
-67
-115

Millions of yen
-30
-38
-77

1

Ending balance ofcash and cash
equivalents
Millions of yen
1,169
1,363942

(4) Number of Consolidated Subsidiaries, Affiliates and Affiliates Applied Equity Method
Consolidated Subsidiaries:2
Non-consolidated subsidiaries applied equity method:−Affiliates applied equity method:−(5) Changes in Range of Consolidation and Application of the Equity Method
Number of newly consolidated subsidiaries:
Number of companies omitted from consolidation:
Number of companies to which the equity method is newly applied:
Number of companies omitted from application of the equity method:−2−−

2. Forecast of Consolidated Business Results for the Year Ending March 31, 2006(April 1, 2005 – March 31,2006)

Full year

Net sales
Millions of yen

Ordinary income
Millions of yen

Net income
Millions of yen

3,8008045(Reference) Forecasted net income per share (annual): 1,141.41 yen
The above forecast has been prepared based on data of the announcement date. As various uncertainties
subsist in forecasts, actual results may differ from the forecasted figures.

23. Interim Consolidated Financial Statements
3-1 Interim Consolidated Balance Sheets
Figures less than one thousand yen omitted.
FY2004(As of September 30,2004)
AmountRatio

FY2005(As of September 30,2005)
AmountRatio

FY2004(As of March 31,2005)
AmountRatio<ASSETS>
Current Assets
1.Cash and Deposits
2.Accounts Receivable-trade
3.Marketable Securities
4.Inventories
5.Deferred Tax
6.Consumption Tax Payable
7.Income Tax Receivable
8.others
Total Current Assets
Fixed Assets
Tangible Fixed Assets
1.Building
2.Tools, Furniture and Fixtures
3.LandSub-total
Intangible Fixed Assets
1.Software
2.Consolidated Adjustment Account
3.Others
Sub-total
Investment and Other Assets
1.Investment Securities
2.Deposits
3.Deferred Tax
4.Others
Sub-total
Total Fixed Assets
Deferred Assets
Total Assets

1,152,878
537,791
210,224
272,392
53,42066,85932,4762,326,044

59,68035,836469
95,986
127,752
101,312
10,007
239,072
95,22055,87375,94551,916
278,955
614,0145,110
2,945,168

3

79.0

1,159,162
692,296
10,229260,794
73,77469,786396
32,5002,298,940

3.2

21,971
39,449469
61,8908.1

95,08765,469160,556

9.5
20.8
0.2
100.0

57,724
263,808
8,111
329,644552,091783
2,851,815

80.6

932,113
1,058,659
10,227
251,798
65,09133870
31,993
2,383,754

86.1

2.2

22,78332,034469
55,2872.0

5.6

104,523
29,642
134,165

4.8

11.6
19.4
0.0
100.0

90,59055,98936,256
12,280
195,116
384,569
1,566
2,769,891

7.0
13.8
0.1100.0

gures less than one thousand yen omitted.
FY2004(As of September 30,2004)
AmountRatio<LIABILITIES>Current Liabilities
1.Accounts Payable-trade
2.Current Portion of Bond
3.Accounts Payable
4.Accrued Income Tax
5.Reserve for Bonus Payment
6.Consumption Tax Received
7.Others
Total Current Liabilities
Fixed Liabilities
1.Bond
2.Reserve for Retirement Allowance
Total Fixed Liabilities
Total Liabilities<MINORITY EQUITY>
Minority Equity<STOKHOLDERS’ EQUITY>Ⅰ Capital Stock
Ⅱ Capital Surplus
Ⅲ Earned Surplus
Ⅳ Appraisal Loss on Investment Securities
Ⅴ Exchange Conversion Adjustment AccountTotal Stockholders’ Equity
Total Liabilities, Minority Equity
and Shareholders’ Equity

302,326
60,00060,07414,14941,63474,68332,094

FY2005(As of September 30,2005)
AmountRatio

375,748
60,00053,695
2,692
43,912
86,92637,730584,96219.9

660,705

680,000
15,577
695,577
1,280,539

FY2004(As of March 31,2005)
AmountRatio

547,206
60,00076,431
108
44,67645,98223.2

774,406

28.0

23.6
43.5

620,000
27,843647,843
1,308,548

22.7
45.9

650,000
24,064
674,064
1,448,470

24.3
52.3

7,826

0.3

----

768,800
704,960
229,743(152)(46,549)
1,656,802

26.1
23.9
7.8
(0.0)
(1.6)
56.2

768,800
704,960
65,6373,869
1,543,266

27.0
24.7
2.3
0.1
54.1

768,800
704,960(94,918)(1,717)(55,703)
1,321,420

27.8
25.4
(3.4)
(0.1)
(2.0)
47.7

2,945,168

100.0

2,851,815

100.0

2,769,891

100.0

4

3-2 Interim Consolidated Profit and Loss Statements
Figures less than one thousand yen omitted.
FY2004(1st Half Year)
AmountRatio

FY2005(1st Half Year)
AmountRatio

FY2004(Full Year)
AmountRatio

1,497,231

100.0

1,739,551

100.0

3,420,483

100.0

Ⅱ Cost of Sales

977,44665.3

1,156,394

66.5

2,297,872

67.2

Gross Profit
Ⅲ Selling, General and Administrative Expenses
Operating Income (Loss)Ⅳ Non-Operating Profit
1.Interest Received
2.Dividend Received
3.Exchange Gain
4.Gain on Sale of Marketable Securities
5.Others

519,784
645,490(125,705)

34.7
43.1
(8.4)

583,156544,31738,839

33.5
31.3
2.2

1,122,611
1,289,328(166,717)

32.837.7(4.9)

0.9

479
2,243
5,253
8,019
987
16,982

1.0

259
5,765
4,617
10,643

0.3

4,984
1,491
50,603
1,930
59,010

4.0

4,699
783
24,117529
30,1291.7

10,385
2,983
79,21810,001
102,589

3.0(171,956)(11.5)

25,692

1.5(258,663)(7.6)

Ⅰ Net Sales

Ⅴ Non-Operating Expenses
1.Interest Paid
2.Amortization of Bond Issue Costs
3.Appraisal Loss on Inventories
4.Others
Ordinary Income (Loss)
Ⅵ Extraordinary Gain
1.Gain from the prior-term adjustment
2.Bad Debt Recovered

56
11,0991,60212,758-

8,692--

22,010---30,702

Income(Loss) Before Income Taxes

172,711
172,711(344,668)

Income Taxes & Tax Adjustments
Minority Shareholder LossNet Income(Loss)

Ⅶ Extraordinary Loss
1.Loss on Retirement of Software
2.Loss on Impairment of Assets
3.Others

1.8

-

-

11.5
(23.0)

56,394

3.3

172,711150,10245,659368,473(627,137)

10.7(18.3)(85,099)
18,448(5.7)
1.2

30,630-1.8-(45,492)
25,718(1.3)
0.7(241,121)(16.1)

25,764

1.5(555,927)(16.3)

5<Business Segment Information>
Figures less than one thousand yen omitted.
FY2004(1st Half Year)
Security
Hi-availability & Data Solution
Sub-Total
Service (Consultation & MSP)
Grand Total
Packaged
Software

FY2005(1st Half Year)

AmountYear-onyear

AmountAmountYear-onyear

1,347,371
78,7301,426,101
71,1291,497,231(7.3) %(34.8)(9.4)(22.3)(10.1)

1,512,546 (12.3) % 3,048,112
22.5
96,436
163,24312.8
1,608,983
3,211,356
83.6
130,568
209,127
1,739,551
16.2
3,420,483

1.1 %(31.0)
(1.2)
3.7
(0.9)

6Year-onyear

FY2004(Full Year)3-3 Interim Consolidated Statements of Cash Flows
Figures less than one thousand yen omitted.

Ⅰ Cash Flow from Operating Activities
Income(Loss) Before Income Tax
Adjustments to Reconcile Net Income to Net Cashused in Operating Activities:
Depreciation and Amortization
Loss from Impairment of Assets
Amortization of Consolidated Adjustment Account
Increase(Decrease) in Reserve for Bad Debts
Increase(Decrease) in Reserve for Bonus Payment
Increase in Reserve for Retirement AllowanceInterest and Dividends Received
Interest Paid
Loss on Retirement of Software
Exchange Loss(Gain)
Increase(Decrease) in Notes and Accounts Receivable-trade
Decrease(Increase) in Inventories
Decrease(Increase) in Notes and Accounts PayableOthers
Sub-totalInterest and Dividends Received
Interest Paid
Income Taxes Refunded(Paid)
Net Cash Provided by(used in) Operating Activities
Ⅱ Cash Flows from Investing Activities
Payments for Purchases of Tangible Fixed Assets
Payments for Purchases of Intangible Fixed Assets
Payments from Sales of Stock of Affiliated Company
causing change in Range of Consolidation Scope.
Revenue from Sales of Investment Securities
Payments for Purchases of Marketable Securities
Revenue from Sales of Marketable Securities
OthersNet Cash Used in Investing Activities
Ⅲ Cash Flows from Financing Activities
Payments for Bond Redemption
Revenue by Stock Issue
Payments for Dividends
Net Cash Provided used in Financing Activities
Ⅳ Effect of Exchange Rate Changes on Cash andCash Equivalents
Ⅴ Net Increase(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 the Fiscal Year

7

FY2004(1st Half Year)

FY2005(1st Half Year)

FY2004(Full Year)(344,668)

56,394(627,137)

40,738
2,841
(284)
6,457
1,367
(56)
4,984
(7,497)240,406
21,032(166,509)
186,991(14,197)
56(4,984)(58,199)(77,324)

25,034(293)(1,401)
3,264(2,392)
4,699(1,199)363,453(9,268)(170,203)(45,129)
222,958
2,392(4,506)34,912
255,756

83,243150,102
5,683
365
9,244
9,726
(300)
10,385
172,711(458)(281,850)
41,62678,37087,824(260,461)
300(19,346)(116,624)(396,132)(29,415)(39,492)(15,073)(37,377)(29,868)(78,857)-(50,863)-

1,690(67,217)

93,486(55,350)
63,369(3,746)(5,555)(6,626)(115,353)(30,000)
1,460(9,644)(38,184)(30,000)(74)(30,074)(30,000)
1,460(19,245)(77,785)

6,147

6,925

(8,068)(176,578)
1,539,681
1,363,102

227,050
942,341
1,169,392(597,339)
1,539,681
942,341

3-4 Interim Consolidated Surplus Statements
Figures less than one thousand yen omitted.
FY2004(1st Half Year)

FY2005(1st Half Year)704,300

704,960

704,300

Ⅲ Capital Surplus at the End of the Fiscal Year

660
660
704,960704,960

660
660
704,960<Earned Surplus>
Ⅰ Earned Surplus at the Beginning of the Fiscal Year

480,697(94,918)

480,697-

25,764
134,791
160,555-

241,1219,832
250,953
229,743

65,637555,927
19,688575,616(94,918)<Capital Surplus>
Ⅰ Capital Surplus at the Beginning of the Fiscal Year
Ⅱ Increase in Capital Surplus
1.Issue of New Stock

Ⅱ Increase in Earned Surplus
1.Net Income
2.Increase of Earned Surplus by omitting from consolidation
Ⅲ Decrease in Earned Surplus
1.Net Loss
2.Dividends
Ⅳ Earned Surplus at the End of the Fiscal Year

8FY2004(Full Year)