An Overview of Our Progress and Achievements in Corporate Social Responsibility

Quarterly Consolidated Results

Historical Data (XLS)

(JPY mn)

 2017 Oct-Dec2016 Oct-Dec
Turnover (*1)1,534,935 1,431,880
Revenue271,697 250,080
Gross profit257,251 236,935
Organic growth (*2)+2.8% +3.9%
Japan98,739 93,625
Organic growth (*2)+5.5% +1.0%
International158,670 143,401
Organic growth+1.2% +5.8%
EMEA59,349 48,330
Organic growth+1.3% +7.5%
Americas57,648 58,131
Organic growth(0.0%)+4.4%
APAC41,653 36,940
Organic growth+2.6% +5.6%
Selling, general and administrative expenses195,470 187,428
Other income (expenses)11,837 4,176
Operating profit73,617 53,682
Share of results of associates1,591 1,113
Profit before interest and tax75,209 54,796
Finance income (costs)4,416 (3,758)
Profit before tax79,625 51,038
Income tax expense14,572 16,964
Profit attributable to non-controlling interests4,089 1,502
Profit attributable to owners of the parent60,964 32,572
Underlying operating profit (*2)69,111 64,332
Japan25,260 23,061
International43,838 41,132
Operating margin26.9%27.2%
Reconciliation from Underlying operating profit to Statutory operating profit4,506 (10,649)
Amortization of M&A related intangible assets(6,713)(8,763)
Acquisition costs(462)(652)
Share-based compensation expenses
related to acquired companies
One-off items 11,845 (788)
Underlying net profit (*3)48,133 49,013
Reconciliation from Underlying net profit to Statutory net profit12,830 (16,441)
Operating profit adjustments4,506 (10,649)
Gain (loss) on revaluation of earnout liabilities
and M&A related put option liabilities
5,674 6,744
Related income tax expense(3,796)(10,170)
Others6,446 (2,365)

Note: Net profit, Underlying net profit... Excluding attribution to non-controlling interests



2017 Jan-Dec2016 Jan-Dec

*1: Turnover represents the gross amounts billable to clients handled by the Group on behalf of clients, with net of discounts, VAT and other sales-related taxes.

*2 Underlying operating profit is a KPI to measure recurring business performance which is calculated as operating profit added with amortization of M&A related intangible assets, acquisition costs and one-off items such as impairment loss and gain/loss on sales of non-current assets.

*3 Underlying net profit (attributable to owners of the parent) is a KPI to measure recurring net profit attributable to owners of the parent which is calculated as net profit (attributable to owners of the parent) added with adjustment items related to operating profit, revaluation of earnout liabilities / M&A related put-option liabilities, tax-related, NCI profit-related and other one-off items.