An Overview of Our Progress and Achievements in Corporate Social Responsibility

Quarterly Consolidated Results

Historical Data (XLS)

(JPY mn)

 2017 Jul-Sep2016 Jul-Sep
Turnover (*1)1,187,711 1,121,089
Revenue217,658 195,111
Gross profit205,761 183,488
Organic growth (*2)(2.1%)+2.7%
Japan82,824 87,148
Organic growth (*2)(5.0%)+0.3%
International122,983 96,381
Organic growth(0.2%)+5.2%
EMEA43,767 31,696
Organic growth+5.9% +5.0%
Americas50,446 38,476
Organic growth(2.0%)+5.4%
APAC28,755 26,207
Organic growth(5.5%)+5.3%
Selling, general and administrative expenses188,107 158,546
Other income (expenses)813 405
Operating profit18,467 25,347
Share of results of associates969 811
Profit before interest and tax19,436 26,159
Finance income (costs)2,182 (1,087)
Profit before tax21,619 25,071
Income tax expense6,584 8,854
Profit attributable to non-controlling interests1,234 1,072
Profit attributable to owners of the parent13,800 15,144
Underlying operating profit (*2)30,480 33,620
Japan15,972 21,901
International14,500 11,703
Operating margin14.8%18.3%
Reconciliation from Underlying operating profit to Statutory operating profit(12,013)(8,272)
Amortization of M&A related intangible assets(8,807)(5,006)
Acquisition costs(589)(2,289)
Share-based compensation expenses
related to acquired companies
One-off items (2,206)(976)
Underlying net profit (*3)18,730 20,398
Reconciliation from Underlying net profit to Statutory net profit(4,929)(5,254)
Operating profit adjustments(12,013)(8,272)
Gain (loss) on revaluation of earnout liabilities
and M&A related put option liabilities
4,654 20
Related income tax expense2,248 2,739
Others180 258

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



2017 Jan-Sep2016 Jan-Sep

*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.