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

Quarterly Consolidated Results

Historical Data (XLS)

(JPY mn)

 2018
Oct–Dec
2017
Oct–Dec
Turnover (*1)1,520,690 1,534,935
Revenue293,343 271,697
Revenue less cost of sales264,378 257,251
Organic growth+0.9% +2.8%
Japan96,581 98,739
Organic growth (3.0%)+5.5%
International168,041 158,670
Organic growth+3.4% +1.2%
EMEA68,423 59,349
Organic growth+12.0% +1.3%
Americas62,929 57,648
Organic growth+3.5% (0.0%)
APAC36,697 41,653
Organic growth(9.6%)+2.6%
Selling, general and administrative expenses211,927 195,470
Other income (expenses)1,194 11,837
Operating profit53,645 73,617
Share of results of associates702 1,591
Gain on sales of shares of associates(1)-
Profit before interest and tax54,346 75,209
Finance income (costs)(4,081)4,416
Profit before tax50,264 79,625
Income tax expense15,504 14,572
Profit attributable to non-controlling interests2,644 4,089
Profit attributable to owners of the parent32,115 60,964
   
Underlying operating profit (*2)63,718 69,111
Japan18,773 25,260
International44,947 43,838
Operating margin24.1%26.9%
Japan19.4%25.6%
International26.7%27.6%
Reconciliation from Underlying operating profit to Statutory operating profit(10,073)4,506
Amortization of M&A related intangible assets(8,832)(6,713)
Acquisition costs(723)(462)
Share-based compensation expenses related to acquired companies(317)(162)
One-off items (199)11,845
   
Underlying net profit (*3)49,413 48,133
Reconciliation from Underlying net profit to Statutory net profit(17,297)12,830
Operating profit adjustments(10,073)4,506
Gain on sales of shares of associates(1)-
Gain (loss) on revaluation of earnout liabilities
and M&A related put option liabilities
(2,741)5,674
Related income tax expense(5,036)(3,796)
Others554 6,446

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



Currency

(JPY)

 2018
Jan–Dec
2017
Jan–Dec
JPY/USD110.4112.2
JPY/GBP147.5144.5


*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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