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

Quarterly Consolidated Results

Historical Data (XLS)

(JPY mn)

 2019
Jul–Sep
2018
Jul–Sep
Turnover (*1)1,186,396 1,248,410
Revenue249,542 243,514
Revenue less cost of sales224,962 222,562
Organic growth(0.1%)+5.4%
Japan89,950 86,276
Organic growth+1.7% +2.7%
International135,232 136,326
Organic growth(1.0%)+7.0%
EMEA48,217 49,383
Organic growth(1.0%)+8.2%
Americas60,771 56,323
Organic growth+5.0% +5.3%
APAC26,237 30,622
Organic growth(12.3%)+8.2%
Selling, general and administrative expenses207,894 203,643
Other income (expenses)1,906 (1,459)
Operating profit18,974 17,459
Share of results of associates578 225
Gain on sales of shares of associates0 51,569
Revaluation gain on step acquisition2,239 -
Profit before interest and tax21,791 69,254
Finance income (costs)(8,388)6,329
Profit before tax13,403 75,583
Income tax expense5,720 26,756
Profit attributable to non-controlling interests1,665 1,412
Profit attributable to owners of the parent6,017 47,414
   
Underlying operating profit (*2)30,580 28,647
Japan14,866 15,954
International15,713 12,691
Operating margin13.6%12.9%
Japan16.5%18.5%
International11.6%9.3%
Reconciliation from Underlying operating profit to
Statutory operating profit
(11,606)(11,187)
Amortization of M&A related intangible assets(8,854)(8,774)
Acquisition costs(281)(307)
Share-based compensation expenses
related to acquired companies
(2,331)(1,925)
One-off items (137)(180)
   
Underlying net profit (*3)16,568 16,414
Reconciliation from Underlying net profit to
Statutory net profit
(10,550)30,999
Operating profit adjustments(11,606)(11,187)
Gain on sales of shares of associates0 52,128
Revaluation gain on step acquisition2,239 -
Gain (loss) on revaluation of earnout liabilities
and M&A related put option liabilities
(4,159)8,770
Related income tax expense2,234 (18,918)
Others741 206

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



Currency

(JPY)

 2019
Jan–Sep
2018
Jan–Sep
JPY/USD109.1109.6
JPY/GBP139.0148.2


*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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