An Overview of Our Progress and Achievements in Corporate Social Responsibility

Quarterly Consolidated Results

Historical Data (XLS)

(JPY mn)

2016 Oct-Dec2015 Oct-Dec
Turnover (*1)1,431,8801,433,423
Gross profit236,935219,354
Organic growth (*2)+3.9%+10.6%
Organic growth (*2)+1.0%+12.9%
Organic growth+5.8%+8.2%
Organic growth+7.5%+11.0%
Organic growth+4.4%+2.1%
Organic growth+5.6%+11.0%
Selling, general and administrative expenses187,428165,922
Other income (expenses)4,1763,117
Operating profit53,68256,548
Share of results of associates1,1131,456
Profit before interest and tax54,79658,005
Finance income (costs)(3,758)323
Profit before tax51,03858,329
Income tax expense16,96417,073
Profit attributable to non-controlling interests1,5021,765
Profit attributable to owners of the parent32,57239,490
Underlying operating profit (*3)64,33265,094
Operating margin27.2%29.7%
Reconciliation from Underlying operating profit
to Statutory operating profit
Amortization of M&A related intangible assets(8,763)(5,855)
Acquisition costs(652)(535)
One-off items (1,234)(2,154)
Underlying net profit (*4)49,01353,152
Reconciliation from Underlying net profit
to Statutory net profit
Operating profit adjustments(10,649)(8,545)
Gain (loss) on revaluation of earnout liabilities
and M&A related put option liabilities
Related income tax expense(10,170)(5,754)

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



2016 Jan-Dec2015 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: Given the different year-ends of Dentsu in Japan and Dentsu Aegis Network previously, and the fact that Dentsu in Japan previously reported under J-GAAP, the quarterly organic gross profit growth figures for FY2014 for the Dentsu Group and Dentsu in Japan are not directly comparable to the figures for FY2015 and FY2016, which are reported on a December year-end basis under IFRS. Therefore, the FY2014 quarterly organic gross profit growth numbers for the Dentsu Group and Dentsu in Japan are not included in the table above.

*3 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.

*4 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.