Summary of Non-Consolidated Financial Results(For the year ended March 31, 2006)
May 12, 2006
Listed Company Name: Asgent, Inc.
Listing Exchanges: JASDAQ
Securities Code No:
4288
Head Office:
Tokyo
URL:
http://www.asgent.co.jp/
Representative:
Representative Director President Takahiro SugimotoContact:
Executive Director and Corporate Development & Planning Shinji Suzuki
TEL:(03)5643-2581
Date of Board of Director’s Meeting for Approval of Financial Results:
May 12, 2006
Interim dividends System:
AdoptedScheduled date of commencement of dividend payment :−Date of General Meeting of Shareholders:June 27,2006
Unit share system;
None
1. Business Results for the year ended March 31, 2006 (April 1, 2005 - March 31,2006)(1) Operating Results
Note : Figures less than one million yen omitted
Net sales
Operating income
Ordinary income
Millions of yen
Millionsofyen
Millionsof yen％％％
FY 3/06
3,297(-3.9)48(-46.2)
37(127.9)
FY 3/05
3,432(-0.5)
90(-60.6)
16(-92.5)

Net income
Millions ofyen-69-547％

Net income
Net income perper share for share/diluted forthe fiscal year
the fiscal year
YenYenNet income onshareholders’equity％Ordinary
income on
total capital％

Ordinary
income on
net sales％

FY 3/06-1,754.14-4.6
1.3(−)−
FY 3/05-13,900.36-29.9
0.5(−)−
Note: 1. Average numberof shares:
Year ended 3/06:
39,425 sharesYear ended 3/05:
39,385 shares
2. Changes in accounting method: None
3. 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.

1.1
0.5

(2) Dividends
Total amount ofdividends
Year end(Annual)Yen Millions of yen
0.00
−0.00
9

Annual dividend per shareInterim
FY 3/06
FY 3/05

Yen0.00
250.00Yen0.00
250.00

Dividend
payout ratio％−−

Shareholders’equityDividend rate％
−0.6(3) Financial Conditions
Total assets

FY 3/06
FY 3/05
Note:

Shareholders’ equity

Shareholders’equityper share

Equity ratio

Millions of yen

Millions of yen％

Yen

2,700
2,985

1,478
1,547

54.8
51.8

37,505.10
39,240.61

1. Number of shares outstanding at period end:
FY 3/06
39,425 shares
FY 3/05
39,425 shares2. Number of treasury shares at period end:
FY 3/06− shares
FY 3/05− shares2. Forecast of Business Results for the Year Ending March 31, 2007(April 1, 2006 – March 31, 2007)
Net salesInterimFull year

Ordinary income

Annual dividend per shares

Net income

InterimYear end

Millions of yen

Millions of yen

Millions of yen

Yen

Yen

Yen

1,700
3,500

30
100

1860

0.00
−−0.00−0.00(Reference) Forecasted net income per share (annual): 1,521.88 yen
The above forecast has been prepared based on data of the announcement date. As various uncertaintiessubsist in forecasts, actual results may differ from the forecasted figures.

3. Non-Consolidated Financial Statements
3-1.Non-Consolidated Balance Sheets
Figures less than one thousand yen omitted.
FY2004As of March 31, 2005
AmountRatio

FY2005
As of March 31, 2006
AmountChangeRatio<ASSETS>
Current Assets
1.Cash and Deposits
2.Accounts Receivable-trade
3.Marketable Securities
4.Inventories
5.Work in Progress
6.Supplies
7.Prepaid Expense
8.Deferred Tax
9.Income Taxes Receivable
10.Others
Total Current Assets
Fixed Assets
Property, Equipment less Depreciation
1.Building2.Tools, Furniture and Fixtures
3.LandSub-total
Intangibles Fixed Assets
1.Trademark
2.Patent
3.Software
4.Software Development in Process
Sub-total

732,681
1,065,371
10,227
230,547
3,642
11,24863,24833,87014,064
2,164,902

72.5

587,212668,563
110,232
282,064
105
3,526
16,26090,147
8,623
25,9891,792,725

66.4(372,177)

1.8

21,15828,705469
50,334

1.9(2,059)

4.5

5,087
3,136
133,048
33,560174,833

6.5

41,25490,590169,979
2,000
5,130
2,095
55,989303,155
4,249
633,188819,161

21.2
27.5

219,542
241,689500
23,712
1,851
55,873
133,271
5,844
682,285
907,453

25.2
33.6

49,09788,292

1,566
1,566
2,985,630

0.0
100.0

2,700,179

100.0(1,566)(285,451)

22,78329,140469
52,393
4,398
3,605
104,523
21,051
133,579

Investment and Other Assets
1.Investment Securities
2.Stock of Affiliated Company
3.Long-term Loan to Employee
4.Long-term Loan to Affiliated Company
5.Long-term Prepaid Expense
6.Deposits
7.Deferred Taxes
8.Others
Sub-total
Total Fixed Assets
Deferred Assets
1.Bond Issue Costs
Total Deferred Assets
Total Assets

Figures less than one thousand yen omitted.
FY2004As of March 31, 2005
AmountRatio

FY2005
As of March 31, 2006
AmountChangeRatio<LIABILITIES>Current Liabilities
1.Accounts Payable-trade
2.Current Portion of Bond
3.Accounts payable
4.Accrued Expenses
5.Accrued Income Taxes
6.Consumption Tax Payable
7.Advance Received
8.Deposit Received
9.Reserve for Bonus Payment
10.Others
Total Current Liabilities
Fixed Liabilities
1.Bond
2.Reserve for Retirement Allowance
Total Fixed Liabilities
Total Liabilities<Stockholders’ Equity>
Ⅰ Capital Stock
Ⅱ Capital Surplus
1.Additional Paid-in Capital
Total Capital Surplus
Ⅲ Earned Surplus
1.Retained Earnings(1) Reserve for Extraordinary Amortization
2.Unappropriated Retained Earnings
Total Earned Surplus
Ⅳ Appraisal Loss on Investment Securities
Total Stockholders’ Equity
Total Liabilities and Shareholders’ Equity

545,41160,00075,07323,223
108
9,279
2,828
2,847
44,676
1,056
764,505

25.6

369,789
60,00097,04523,744
2,861
2,190
3,207
45,478863
605,180

22.4(159,324)

650,000
24,064
674,064
1,438,569

22.6
48.2590,000
26,360616,360
1,221,540

22.8
45.2

(57,704)(217,029)

768,800

25.8

768,800

28.5-704,960
704,960

23.6

704,960
704,960

26.1

-

2.5
(0.1)
51.8
100.0

938
4,923
5,861
(983)
1,478,638
2,700,179

0.2
(0.0)
54.8
100.0

(69,156)734(68,422)(285,451)

1,213
73,80575,018(1,717)
1,547,061
2,985,630

3-2 Non-Consolidated Profit and Loss Statements
Figures less than one thousand yen omitted.
FY2004(From Apr 1, 2004 toMar 31, 2005)
AmountRatio

FY2005(From Apr 1, 2005
to Mar 31, 2006)
AmountRatio

ChangeⅠ Net Sales

3,432,046

100.0

3,297,495

100.0(134,551)

Ⅱ Cost of Sales

2,321,537

67.6

2,220,718

67.3(100,818)

Gross Profit
Ⅲ Selling, General and
Administrative Expenses
1. Transportation
２. Advertising
3. Director’s Salaries And Remuneration
4. Salaries and Bonus
5. Provision for Bonus
6. Provision for Retirement Allowance
7. Legal Welfare
8. Welfare
9. Travel
10.Postage
11.Office Rent
12.Leases
13.Supplies
14.Part-Time Staff
15.Commissions
16.Taxes and Public Dues
17.Depreciation
18.Research and Development
19.Others

1,110,509

32.4

1,076,776

32.7(33,733)

29.7
2.7

6,701
34,51475,792
317,532
36,464
7,084
48,581
2,583
32,28017,68762,557
14,308
10,87054,630171,220
3,994
53,84624,47253,141
1,028,266
48,509

31.2
1.5

7,953
(41,686)

0.7

264
9,086
51,174
3,697
64,2222.0

40,713

2.9
0.5

8,866
1,566
59,9855,010
75,42937,303

2.3
1.1(21,907)
20,934

Operating Income
Ⅳ Non-Operating Profit
1.Interest Received
2.Exchange Gain
3.Revenue from sales of Securities
4.Others
Ⅴ Non-Operating Expenses
1.Bond Interest
2.Amortization of Bond Issue Costs
3.Investments Operating Loss
4.Appraisal Loss on Inventories
5.Others
Ordinary Income

7,451
47,79869,345326,537
34,586
11,83546,864
3,393
32,601
17,49861,65918,626
17,48635,843
148,596
7,609
49,28630,28853,001
1,020,313
90,196

190
18,693
4,624
23,508
9,748
2,983
1,083
79,2184,302
97,336
16,368

Ⅵ Extraordinary Gain
1.Reversal of Allowance for Investment Lossof Affiliated Company
2.Gain from the Prior Term Adjustment
Ⅶ Extraordinary Loss
1.Loss on Retirement of Software
2.Appraisal Loss of Stock of AffiliatedCompany
3.Bad Debt Expense of Long-Term Loan toAffiliated Company
4.Privision for Reserve for Investment Lossto Affiliated Company
5.Others

22,010--

16,29938,309172,711-396,690-

173,346-

92,236-39,156-

1.2

38,309874,141

25.5

-

-

(874,141)

Income(Loss) Before Income Taxes(857,773)(25.0)

75,612

2.3

933,385

Income Taxes & Tax Adjustments(310,301)(9.0)

144,769

4.4455,070

Net Income(Loss)(547,471)(16.0)(69,156)(2.1)

478,314Retained Earnings(Deficit) Brought Forward

631,133

74,080(557,052)

Interim Dividends

9,856-(9,856)

Unappropriated Retained Earnings

73,805

4,923(68,881)3-3 Statements of Appropriations
Figures less than one million yen omitted.

Ⅰ

Unappropriated Retained Earnings

Ⅱ

Reversal of Retained Earnings
Reversal of Reserve for Extraordinary Amortization
TotalⅢ

Retained earnings brought forward to the next period

FY2004(From Apr 1, 2004 toMar 31, 2005)

FY2005(From Apr 1, 2005
to Mar 31, 2006)

73,805

4,923

275

331

74,0805,255

74,0805,255

The Fund and Reversal of Reserve for Extraordinary Amortization are based on the rules of special taxation measures low.