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

Quarterly Consolidated Results

Historical Data (XLS)

(JPY mn)

 2019
Apr–Jun
2018
Apr–Jun
Turnover (*1)1,263,985 1,337,338
Revenue246,489 239,546
Revenue less cost of sales221,268 219,073
Organic growth(1.3%)+5.9%
Japan84,932 84,059
Organic growth(1.4%)+8.4%
International136,427 135,099
Organic growth(1.3%)+4.5%
EMEA51,013 48,914
Organic growth+0.7% +4.8%
Americas58,837 55,009
Organic growth+2.8% +6.5%
APAC26,573 31,164
Organic growth(12.3%)+0.8%
Selling, general and administrative expenses207,349 200,319
Other income (expenses)(5,137)(614)
Operating profit8,781 18,139
Share of results of associates(329)854
Gain on sales of shares of associates0 558
Profit before interest and tax8,452 19,553
Finance income (costs)(4,274)(15,673)
Profit before tax4,177 3,879
Income tax expense1,664 2,207
Profit attributable to non-controlling interests1,204 1,674
Profit attributable to owners of the parent1,308 (1)
   
Underlying operating profit (*2)20,525 28,118
Japan10,980 15,100
International9,549 13,014
Operating margin9.3%12.8%
Japan12.9%18.0%
International7.0%9.6%
Reconciliation from Underlying operating profit to Statutory operating profit(11,743)(9,978)
Amortization of M&A related intangible assets(8,930)(8,723)
Acquisition costs(233)(203)
Share-based compensation expenses
related to acquired companies
(1,865)(972)
One-off items (714)(79)
   
Underlying net profit (*3)10,312 13,619
Reconciliation from Underlying net profit to Statutory net profit(9,004)(13,621)
Operating profit adjustments(11,743)(9,978)
Gain on sales of shares of associates0 -
Gain (loss) on revaluation of earnout liabilities
and M&A related put option liabilities
(853)(14,855)
Related income tax expense2,846 9,968
Others746 1,244

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



Currency

(JPY)

 2019
Jan–June
2018
Jan–June
JPY/USD110.0108.7
JPY/GBP142.4149.7


*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: IFRS16 “Leases” is applied from January 1st, 2019. The past figures are based on the old standards.


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