CSR
An Overview of Our Progress and Achievements in Corporate Social Responsibility

Quarterly Consolidated Results

Historical Data (XLS)

(JPY mn)

 2018
Apr–Jun
2017
Apr–Jun
Turnover (*1)1,337,338 1,204,360
Revenue239,546 209,672
Revenue less cost of sales219,073 197,349
Organic growth+5.9% (4.8%)
Japan84,059 76,372
Organic growth+8.4% (8.1%)
International135,099 121,068
Organic growth+4.5% (2.7%)
EMEA48,914 44,488
Organic growth+4.8% (0.3%)
Americas55,009 47,259
Organic growth+6.5% (4.1%)
APAC31,164 29,349
Organic growth+0.8% (3.8%)
Selling, general and administrative expenses200,319 183,180
Other income (expenses)(614)(980)
Operating profit18,139 13,188
Share of results of associates854 860
Gain on sales of shares of associates558 -
Profit before interest and tax19,553 14,048
Finance income (costs)(15,673)5,805
Profit before tax3,879 19,854
Income tax expense2,207 5,623
Profit attributable to non-controlling interests1,674 1,462
Profit attributable to owners of the parent(1)12,769
   
Underlying operating profit (*2)28,118 23,073
Japan15,100 10,979
International13,014 12,109
Operating margin12.8%11.7%
Japan18.0%14.4%
International9.6%10.0%
Reconciliation from Underlying operating profit to Statutory operating profit(9,978)(9,885)
Amortization of M&A related intangible assets(8,723)(8,425)
Acquisition costs(203)(527)
Share-based compensation expenses
related to acquired companies
(972)(1,473)
One-off items (79)540
   
Underlying net profit (*3)13,619 15,126
Reconciliation from Underlying net profit to Statutory net profit(13,621)(2,357)
Operating profit adjustments(9,978)(9,885)
Gain (loss) on revaluation of earnout liabilities
and M&A related put option liabilities
(14,855)6,530
Related income tax expense9,968 768
Others1,244 228

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



Currency

(JPY)

 2018
Jan–June
2017
Jan–Jun
JPY/USD108.7112.4
JPY/GBP149.7141.4


*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.

*4 IFRS15 “Revenue from Contracts with Customers” is applied from January 1st, 2018. The past figures are based on the old standards.


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