Quarterly Consolidated Results
| 2025 Oct–Dec |
2024 Oct–Dec |
|
|---|---|---|
| Turnover (*1) | 1,911,644 | 1,767,875 |
| Revenue | 420,929 | 384,818 |
| Net revenue | 346,197 | 335,590 |
| Organic growth | +0.9% | +2.6% |
| Japan | 138,118 | 132,131 |
| Organic growth | +4.5% | +8.4% |
| Americas | 85,190 | 86,224 |
| Organic growth | (1.8%) | (2.9%) |
| EMEA | 83,652 | 79,031 |
| Organic growth | (1.5%) | +3.5% |
| APAC | 36,934 | 36,356 |
| Organic growth | +0.3% | (3.9%) |
| Selling, general and administrative expenses | 290,310 | 272,385 |
| Other income (expenses) | -337,651 | -217,097 |
| Operating profit | -281,764 | -153,893 |
| Share of results of associates | 1,004 | 1,016 |
| Impairment loss of associates | -958 | -358 |
| Gain (loss) on sales of shares of associates | 253 | -21 |
| Profit before interest and tax | -281,465 | -153,257 |
| Finance income (costs) | -6,288 | -4,361 |
| Profit before tax | -287,753 | -157,618 |
| Income tax expense | -24,369 | 33,556 |
| Profit attributable to non-controlling interests | 2,685 | 2,507 |
| Profit attributable to owners of the parent | -266,069 | -193,683 |
| Underlying operating profit (*2) | 61,561 | 78,988 |
|---|---|---|
| Japan | 33,313 | 42,278 |
| Americas | 19,925 | 24,161 |
| EMEA | 18,933 | 21,993 |
| APAC | 8,415 | 5,352 |
| Central costs and eliminations (*4) | -19,026 | -14,796 |
| Operating margin | +17.8% | +23.5% |
| Japan | +24.1% | +32.0% |
| Americas | +23.4% | +28.0% |
| EMEA | +22.6% | +27.8% |
| APAC | +22.8% | +14.7% |
| Reconciliation from Underlying operating profit to Statutory operating profit | -343,325 | -232,881 |
| Amortization of M&A related intangible assets | -6,533 | -6,715 |
| Acquisition costs | -68 | -72 |
| Share-based compensation expenses issued following the acquisition of 100% ownership of a subsidiary | - | -18 |
| One-off items | -336,724 | -226,074 |
| Underlying net profit (*3) | 36,990 | 42,260 |
|---|---|---|
| Reconciliation from Underlying net profit to Statutory net profit | -303,060 | -235,943 |
| Operating profit adjustments | -343,325 | -232,881 |
| Impairment loss of associates | -958 | -358 |
| Gain (loss) on sales of shares of associates | 253 | -21 |
| Gain (loss) on revaluation of earnout liabilities and M&A related put option liabilities | 447 | -982 |
| Related income tax expense | 40,174 | -1,932 |
| Others | 349 | 233 |
- Note:Net profit, Underlying net profit... Excluding attribution to non-controlling interests
Currency
| 2025 Jan–Dec |
2024 Jan–Dec |
|
|---|---|---|
| JPY/USD | 149.6 yen | 151.4 yen |
| JPY/GBP | 197.3 yen | 193.5 yen |
- *1Turnover 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.
- *2Underlying 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.
- *3Underlying 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.
- *4Underlying operating profit and Operating margin for the January-March period of 2020 was restated with excluding central costs following to establishment of the holding company in January 2020.
