An Overview of Our Progress and Achievements in Corporate Social Responsibility

Quarterly Consolidated Results

Historical Data (XLS)

(JPY mn)

2017 Jan-Mar2016 Jan-Mar
Turnover (*1)1,260,292 1,195,570
Revenue229,813 199,542
Gross profit217,261 186,990
Organic growth (*2)+3.9% +5.1%
Japan103,966 99,308
Organic growth (*2)+4.7% +5.6%
International113,329 87,702
Organic growth+3.1% +4.5%
EMEA37,340 33,730
Organic growth+5.8% +10.7%
Americas50,646 30,929
Organic growth+0.6% (2.0%)
APAC25,330 23,042
Organic growth+4.5% +5.2%
Selling, general and administrative expenses185,198 157,994
Other income (expenses)56 2,800
Operating profit32,119 31,796
Share of results of associates801 910
Profit before interest and tax32,920 32,706
Finance income (costs)(4,357)(4,293)
Profit before tax28,563 28,412
Income tax expense9,741 9,603
Profit attributable to non-controlling interests877 1,593
Profit attributable to owners of the parent17,943 17,215
Underlying operating profit (*3)41,281 35,769
Japan36,589 33,218
International4,698 2,545
Operating margin19.0%19.1%
Reconciliation from Underlying operating profit to
Statutory operating profit
Amortization of M&A related intangible assets(7,833)(5,460)
Acquisition costs(215)(284)
One-off items (1,112)1,771
Underlying net profit (*4)25,883 21,552
Reconciliation from Underlying net profit
to Statutory net profit
Operating profit adjustments(9,161)(3,972)
Gain (loss) on revaluation of earnout liabilities
and M&A related put option liabilities
Related income tax expense4,206 2,312
Others188 192

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



2017 Jan-Mar2016 Jan-Mar

*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.