Asgent, Inc.

Summary of Non-Consolidated Financial Results
Financial Highlights(For the Year Ended March 31, 2012)

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:+81-3-6853-7401

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

Net sales

Operating Income

Ordinary income

Net income

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Mar. 31, 2012

4,009

△0.1%

212 △46.3%

218 △44.8%

111△57.8%

Mar. 31, 2011

4,014

0.7%

396

395 △10.9%

264△36.2%For the Year Ended△9.4%

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, 2012

2,825.76-

Mar. 31, 2011

6,692.73-

Total Assets

Shareholders’EquityShareholders’Equity ratio

BPS

As ofMillions of yen

Millions of yen%Yen

Mar. 31, 2012

2,847

1,902

66.8%

48,050.49

Mar. 31, 2011

2,546

1,813

71.2%

45,809.79(2) Financial Conditions(3) Forecast for the Financial Results ( For the year ending March 31, 2013 )For period ending

Mar. 31, 2013

Net sales

Operatind income

Ordinary income

Net income

EPS

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

4,050

220

220

130

1.0%

3.5%

0.6%

16.2%

3,283.24

2. Financial statements(For the Year Ended Mar 31, 2012)(1) Balance Sheets
Note: Figures less than one thousand yen omitted
Account Title

Mar. 31, 2011

Mar. 31, 2012

AmountAmountAssetsCurrent assets
1,133,115

1,038,661

854,039

1,263,173

Short-term investment securities－

100,000

Merchandise and finished goods

79,78136,874Work in process－178

Raw materials and supplies

227－

Advance payments-trade84,157212

Prepaid expenses

20,865

9,437

Deferred tax assets

40,172

49,387

39

－

5,041

10,758

(68)

(101)

2,217,372

2,508,583

26,58141,309

Accumulated depreciation(12,462)(3,464)

Buildings, net

14,11837,845Tools, furniture and fixtures

471,540

525,563

Accumulated depreciation(324,976)(362,288)

Tools, furniture and fixtures, net

146,563

163,274Land

819

819

Construction in progress

－

1,095

161,502203,035

793

324

Right of trademark

1,534

863

Software

22,837

13,167

Total intangible assets

25,165

14,355Investment securities

11,7548,386

Lease deposits

55,87338,879Deferred tax assets

38,29837,028Other

36,62037,407

Total investments and other assets

142,546

121,700

329,214339,091

2,546,586

2,847,674

Cash and deposits
Accounts receivable-trade

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

Total property, plant and equipment
Intangible assets
Patent right

Investments and other assets

Total noncurrent assets
Total assets

Account Title

Note: Figures less than one thousand yen omitted
Mar. 31, 2011
Mar. 31, 2012
AmountAmountLiabilities
Current liabilities
Accounts payable-trade319,317368,934

Short-term loans payable

100,000

100,000

Current portion of bonds

34,000－Current portion of long-term loans payable

34,00015,000Accounts payable-other

52,641

158,668

Accrued expenses

31,75645,711

Income taxes payable

15,26088,466Accrued consumption taxes

15,12427,909Advances received

189－

Deposits received

4,907

18,133

Unearned revenue

4,892

4,077

Provision for bonuses

45,74047,240413

598

658,243874,740

Long-term loans payable

15,000－

Provision for retirement benefits

59,50470,37474,50470,374

732,748

945,115

Capital stock

771,110771,110

Legal capital surplus

705,200

705,200

Retained earnings brought forward

337,018

429,107

1,813,328

1,905,417

Valuation difference on available-for-sale securities－(3,368)

Total valuation and translation adjustments－(3,368)

Subscription rights to shares

510

510

1,813,838

1,902,559

2,546,586

2,847,674

Other
Total current liabilities
Noncurrent liabilities

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, 2011

Mar. 31, 2012

AmountAmountⅠ Net Sales

4,014,801

4,009,169

Ⅱ Cost of Sales

2,436,8942,590,333

Gross Profit

1,577,907

1,418,836

1,181,714

1,206,198

Operating Income

396,192

212,637

Ⅳ Non-operating Income

3,917

8,139

Ⅴ Non-operating Expenses

4,256

2,106

Ordinary Income

395,853

218,670

Ⅵ Extraordinary Income

6,646

1,843

Ⅶ Extraordinary Losses

41,69325,122

Income Before Taxes

360,805

195,391

Tax Expenses

95,807

83,505

Income After Taxes

264,998

111,886

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, 2011
March 31, 2012AmountAmount

Ⅰ 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

360,805
94,355(18)(5,706)
7,251
(197)
3,345
(478)
324
－
8,446
226,355
1,820
27,731
173,951
4,184(72,089)(80,968)(18,390)
730,724
197(3,434)(55,966)
671,520

195,391
97,16432
1,499
10,869
(931)
1,872
(34)
8,999
686
－
(409,134)
29,533
12,38949,616
12,78583,94565,81336,334
196,836931(1,747)(18,795)
177,225－(100,000)

Purchase of property, plant and equipment(55,639)(99,206)

Purchase of intangible assets(3,519)

(378)

－

325

(325)

－

Payments for lease deposits－(38,879)

Collection of lease deposits－

55,873

Other, net－(1,885)(59,483)(184,150)

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

Repayment of long-term loans payable(34,000)(34,000)

Redemption of bonds(113,000)(34,000)

Proceeds from issuance of subscription rights to shares

510(19,508)(215,998)－(19,564)(87,564)

Ⅳ Effect of Exchange Rate on Cash and Cash Equivalents

47834

Ⅴ Net Increase(Decrease) in Cash and Cash Equivalents

396,516(94,454)

Ⅵ Cash and Cash Equivalents at the Beginning of the Fiscal Year736,598

1,133,115

Ⅶ Cash and Cash Equivalents at the End of Period

1,133,115

1,038,661

Increase (decrease) in provision for retirement benefits

Interest income
Interest expenses
Foreign exchange losses (gains)
Loss on retirement of noncurrent assets
Loss (gain) on sales of noncurrent assets
Loss (gain) on valuation of investment securities
Decrease (increase) in notes and accounts receivable-trade

Decrease (increase) in inventories
Loss on abandonment of 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) investing activities
Ⅱ Cash Flows from Investing Activities
Purchase of short-term investment securities

Proceeds from collection of guarantee depositsPayments for guarantee deposits

Net Cash Used in Investing Activities
Ⅲ Cash Flows from Financing Activities

Cash dividends paid
Net Cash Used in Financing Activities