Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the Year Ended March 31, 2017)

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

For the Year Ended

Net sales

Operating Income

Ordinary income

Net income

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Mar. 31, 2017

4,841

57.7%

337－

332－

312－

Mar. 31, 2016

3,069

3.8%

△260－

△263－

△284－

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

Basic EPS

Diluted EPS

For the Year Ended

Yen

Yen

Mar. 31, 2017

82.02

－

Mar. 31, 2016△74.68－

Total Assets

Shareholders’ Equity

Shareholders’Equity ratio

As ofMillions of yen

Millions of yen%Mar. 31, 2017

2,842

1,740

61.2%

Mar. 31, 2016

2,206

1,427

64.6%

(2) Financial Conditions(3) Forecast for the Financial Results ( For the Year Ending March 31, 2018 )For period ending

Mar. 31, 2018

Net sales

Operatind income

Ordinary income

Net income

EPS

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen－－－－－－－－－

2. Financial statements(For the Year Ended March 31, 2017)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2016

Mar. 31, 2017

AmountAmountAssetsCurrent assets
Cash and deposits

758,572

785,032

Accounts receivable-trade930,985

1,335,948

Merchandise and finished goods

36,742

66,519Work in process

11,542

4,966752

2,057

Advance payments-trade

1,603

10,218Prepaid expenses

52,12041,143

Deferred tax assets－33,363

Other943

4,068

Allowance for doubtful accounts

(27)

(26)

1,795,310

2,283,290

Buildings, net

45,08740,537

Tools, furniture and fixtures, net

157,066

320,836

1,854

1,854

Total property, plant and equipment

204,008

363,228

Intangible assets

89,31967,120Investments and other assets

117,390

128,474

410,718

558,823

2,206,029

2,842,114

Accounts payable-trade326,645

302,799

Short-term loans payable

200,000

200,000

Accounts payable-other54,524

199,267

Accrued expenses

31,04640,656

Income taxes payable

5,985

67,507－107,496

Advances received

1,574

3,054

Deposits received

5,494

5,403

Unearned revenue

20,66924,789Provision for bonuses

43,672

54,627642

2,633

690,255

1,008,236

Supplies

Total current assets
Noncurrent assets
Property, plant and equipment

Land

Total noncurrent assets
Total assets
Liabilities
Current liabilities

Comsumption tax payable

Other
Total current liabilities

Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2016

Mar. 31, 2017

AmountAmountNoncurrent liabilities
Provision for retirement benefits

87,814

93,07487,814

93,074

778,070

1,101,310

Capital stock

771,110771,110

Capital surplus

705,200

705,200

Retained earnings

16,694

264,099

Treasury stock(65,577)－

1,427,427

1,740,409(1,792)(1,846)(1,792)(1,846)

2,324

2,240

Total net assets

1,427,959

1,740,803

Total liabilities and net assets

2,206,029

2,842,114

Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equityTotal shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments
Subscription rights to shares(2) Statements of Income
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2016

Mar. 31, 2017

AmountAmountⅠ Net Sales

3,069,845

4,841,275

Ⅱ Cost of Sales

2,005,357

3,019,195

Gross Profit

1,064,487

1,822,080

1,324,776

1,484,607(260,288)

337,473

Ⅳ Non-operating Income

1,984

2,929

Ⅴ Non-operating Expenses

5,228

8,070

(263,532)

332,331

Ⅵ Extraordinary Income

457

84

Ⅶ Extraordinary Losses

0176

Income Before Taxes(263,075)

332,239

Tax Expenses

21,871

19,256

Income After Taxes(284,946)

312,982

Ⅲ Selling, General and Administrative Expenses
Operating Income

Ordinary Income

(3) Statements of Cash Flows
Note: Figures less than one thousand yen omitted.
The Year Ended
The Year Ended
March 31, 2016
March 31, 2017
AmountAmountⅠ Cash Flow from Operating Activities
Income before income taxes(263,075)
97,3111(424)(3,434)
(188)
908
1,310
3,290
(197)
0(259)(35,544)(19,768)
130,201(68,586)(2,076)6,032(271)
22,998(131,774)
188(955)(2,277)(134,819)

332,239
105,296(1)
10,955
5,259
(26)
1,372
(658)
5,886
－
176
(84)
(404,963)(24,505)(23,846)
107,496
2,076(8,614)
139,239
33,086280,38526(1,365)(3,239)275,807

Purchase of property, plant and equipment(76,514)(236,352)

Purchase of intangible assets(39,246)

－

614

－

(30,526)(13,410)(157)－(145,830)(249,762)

Net increase (decrease) in short-term loans payable

100,000－

Cash dividends paid(19,178)(242)

Net cash provided by (used in) financing activities

80,821(242)

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents(1,310)658

Ⅴ Net Increase(Decrease) in Cash and Cash Equivalents(201,139)
959,711758,572

26,460758,572
785,032

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 (gain) on investments in partnership
Loss (gain) on sales of non-current assets
Loss on retirement of noncurrent assets
Gain on reversal of subscription rights to shares

Decrease (increase) in notes and accounts receivable-trade

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

Increase (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 refund (paid)
Net cash provided by (used in) operating activities

Ⅱ Cash Flows from Investing Activities

Proceeds from sales of property, plant and equipment

Purchase of securities
Payments for guarantee deposits
Net cash provided by (used in) investing activities

Ⅲ Cash Flows from Financing Activities

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

Ⅶ Cash and Cash Equivalents at the End of Period