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

Quarterly Consolidated Results

Historical Data (XLS)

(JPY mn)

 2019
Jan–Mar
2018
Jan–Mar
Turnover (*1)1,214,714 1,250,838
Revenue250,578 242,107
Revenue less cost of sales227,974 226,665
Organic growth(1.6%)+2.1%
Japan101,561 102,340
Organic growth(2.7%)+1.9%
International126,482 124,385
Organic growth(0.7%)+2.2%
EMEA47,213 46,306
Organic growth(0.4%)+2.7%
Americas54,728 51,994
Organic growth+0.1% +4.6%
APAC24,540 26,087
Organic growth(3.0%)(2.9%)
Selling, general and administrative expenses216,646 204,166
Other income (expenses)(2,033)(104)
Operating profit9,294 22,393
Share of results of associates160 916
Gain on sales of shares of associates0 -
Profit before interest and tax9,454 23,310
Finance income (costs)(10,939)(4,286)
Profit before tax(1,484)19,023
Income tax expense(553)6,781
Profit attributable to non-controlling interests1,652 1,453
Profit attributable to owners of the parent(2,583)10,788
   
Underlying operating profit (*2)24,472 32,744
Japan24,655 30,439
International(183)2,309
Operating margin10.7%14.4%
Japan24.3%29.7%
International-0.1%1.9%
Reconciliation from Underlying operating profit to Statutory operating profit(15,177)(10,350)
Amortization of M&A related intangible assets(9,004)(8,792)
Acquisition costs(421)(319)
Share-based compensation expenses
related to acquired companies
(1,984)(1,098)
One-off items (3,767)(139)
   
Underlying net profit (*3)12,551 17,972
Reconciliation from Underlying net profit to Statutory net profit(15,135)(7,184)
Operating profit adjustments(15,177)(10,350)
Gain on sales of shares of associates0 -
Gain (loss) on revaluation of earnout liabilities
and M&A related put option liabilities
(7,216)(1,918)
Related income tax expense6,292 4,373
Others967 710

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



Currency

(JPY)

 2019
Jan–Mar
2018
Jan–Mar
JPY/USD110.2108.3
JPY/GBP143.7150.9


*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.

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


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