Summary of Non-Consolidated Financial Results(For the year ended March 31, 2005)
May 13, 2005
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:
Director and Corporate Development & Planning General Manager Shinji Suzuki
TEL:(03)5643-2581
Date of Board of Director’s Meeting for Approval of Financial Results:
May 13, 2005
Interim dividends:
PaidScheduled date of commencement of dividend payment :−Date of General Meeting of Shareholders:June 24, 2005
Unit share system;
No
1. Business Results for the year ended March 31, 2005 (April 1, 2004 - March 31,2005)(1) Operating Results
Note : Figures less than one million yen omitted
Net sales
Operating income
Ordinary income
Millions of yen
Millionsofyen
Millionsof yen％％％
FY 3/05
3,432(-0.5)
90(-60.6)
16(-92.5)
FY 3/04
3,449(-7.2)
228(-24.3)
219(-27.2)

Net income
Millions ofyen-547
140％

Net income
Net income perper share for share/diluted forthe fiscal year
the fiscal yearYenYen

Net income onshareholders’quity％

Ordinary
income on
total capital％

Ordinary
income on
net sales％

FY 3/05-13,900.36-29.9
0.5(−)−
FY 3/04(-15.2)3,560.38
3,517.69
6.8
6.6
Note: 1. Average numberof shares:
Year ended 3/05:
39,385 sharesYear ended 3/04:
39,330 shares
2. Changes in accounting method: Yes
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.

0.5
6.4

(2) Dividends
Total amount ofdividends
Year end(Annual)
Yen Millions of yen
0.00
9250.00
19

Annual dividend per share
Interim
FY 3/05
FY 3/04

Yen
250.00500.00Yen
250.00250.00

Dividend
payout ratio％−14.0

Shareholders’equityDividend rate
％
0.6
0.9

(3) Financial Conditions
Total assets

FY 3/05
FY 3/04
Note:

Shareholders’ equity

Shareholders’equityper share

Equity ratio

Millions of yen

Millions of yen％

Yen

2,985
3,558

1,547
2,110

51.8
59.3

39,240.61
53,670.89

1. Number of shares outstanding at period end:
FY 3/05
39,425 shares
FY 3/04
39,330 shares2. Number of treasury shares at period end:
FY 3/05− shares
FY 3/04− shares2. Forecast of Business Results for the Year Ending March 31, 2006(April 1, 2005 – March 31, 2006)
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
3,700

40
130

2480

0.00
−−0.00−0.00(Reference) Forecasted net income per share (annual): 2,029.17 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.
FY2003As of March 31, 2004
AmountRatio

FY2004As of March 31, 2005
AmountChangeRatio<ASSETS>
Current Assets
1.Cash and Deposits
2.Accounts Receivable-trade
3.Marketable Securities
4.Inventories
5.Supplies
6.Prepaid Expense
7.Deferred Tax
8.Income Taxes Receivable
9.Others
Total Current Assets
Fixed Assets
Property, Equipment less Depreciation
1.Building
2.Tools, Furniture and Fixtures
3.LandSub-total
Intangibles Fixed Assets
1.Trademark
2.Patent
3.Software
4.Software Development in Process
Sub-total

1,112,968
777,039
20,365319,859
35
11,904
26,47440,2472,308,894

64.9

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

72.5(143,992)

1.4

22,78329,140469
52,393

1.8

2,967

7.7

4,398
3,605
104,523
21,051
133,579

4.5(138,731)

91,500502,340
3,000
209,380
3,073
55,873
9,117
49,313
923,597
1,245,333

25.9
35.0

90,590169,979
2,000
5,130
2,095
55,989303,155
4,249
633,188819,16121.2
27.5(290,408)(426,172)

4,549
4,549
3,558,778

0.1
100.0

1,566
1,566
2,985,630

0.0
100.0

(2,983)(573,147)

17,03531,920469
49,4253,256
130,545
138,509272,310Investment 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 CostsTotal Deferred Assets
Total Assets

Figures less than one thousand yen omitted.
FY2003As of March 31, 2004
AmountRatio

FY2004As of March 31, 2005
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

468,695
60,00051,80022,616
61,05917,1992,648
2,834
36,404534
723,79420.3

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

25.6

40,710710,000
14,108724,108
1,447,902

20.4
40.7

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

22.6
48.2

(50,043)(9,332)

768,000

21.6

768,800

25.8

800

704,300
704,300

19.8

704,960
704,960

23.6

660

18.0
(0.1)
59.3
100.0

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

2.5
(0.1)
51.8
100.0

(567,160)
1,885(563,814)(573,147)

1,488
640,690642,179(3,603)
2,110,875
3,558,778

3-2 Non-Consolidated Profit and Loss Statements
Figures less than one thousand yen omitted.
FY2003(From Apr 1, 2003 toMar 31, 2004)
AmountRatioFY2004(From Apr 1, 2004
to Mar 31, 2005)
AmountRatio

ChangeⅠ Net Sales

3,449,541

100.0

3,432,046

100.0(17,494)

Ⅱ Cost of Sales

2,290,785

66.4

2,321,537

67.6

30,751Gross Profit
Ⅲ Selling, General andAdministrative Expenses
1. Transportation
２. Advertising
3. Director’s Salaries And Remuneration
4. Salaries and Bonus
5. Provision for Bonus
6. 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

1,158,755

33.6

1,110,509

32.4(48,246)

27.0
6.6

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
90,19629.7
2.7

90,287(138,533)

0.4

190
18,693
4,624
23,508

0.7

9,003

0.7
6.3

9,748
2,983
1,083
79,2184,302
97,336
16,3682.9
0.5

73,503(203,034)

Operating Income
Ⅳ Non-Operating Profit
1.Interest Received
2.Exchange Gain
3.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

8,917
34,90071,178
312,644
24,5296,284
43,504
2,896
28,826
14,83359,081
17,54812,31949,985
103,187931
58,10430,12850,222930,025
228,730

4,503
6,258
3,743
14,505
8,194
2,983
1,394
10,1501,111
23,832
219,402

Ⅵ Extraordinary Gain
1.Cancellation of Future Exchange Contract
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

27,18027,1800.8--

172,711-396,690-

173,346-

92,236-39,156-(27,180)

874,141(1,104,356)--

874,141

25.5

Income Before Income Taxes

246,5837.1(857,773)(25.0)

Income Taxes & Tax Adjustments

106,553

3.1(310,301)(9.0)(416,854)

Net Income(Loss)

140,0294.0(547,471)(16.0)(687,501)

Retained Earnings(Deficit) Brought Forward

510,493

631,133

120,640

9,832

9,856

23

640,690

73,805(566,885)Interim Dividends
Unappropriated Retained Earnings

3-3 Statements of Appropriations
Figures less than one million yen omitted.

Ⅰ

Unappropriated retained earnings

ⅡReversal of Retained Earnings
Reversal of Reserve for Extraordinary Amortization
TotalⅢFY2004(From Apr 1, 2004
to Mar 31, 2005)

640,690

73,805275

275

640,965

74,0809,832-631,133

74,080Appropriations of retained earnings
Dividends

ⅣFY2003(From Apr 1, 2003 toMar 31, 2004)

Retained earnings brought forward to the next period

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