Whether the Tokyo parent's profit kept a higher floor after the 2016 boom

What this is

Whether the Tokyo parent's profit kept a higher floor after the 2016 boom: yes. Its low year to February 2018 (¥8.8bn) was 4.3 times its pre-boom profit of ¥2.0bn (2015), and profit has risen eight years running since.

How it’s built

1. Profit for the year to February 2018 (¥8.8bn) over 2015's ¥2.0bn gives 4.33; over the 2017 peak of ¥15.9bn, 0.55. By 2021 profit (¥18.6bn) was 1.17 times the 2017 peak.
2. Yearly changes 2019–2026: +52%, +15%, +21%, +122%, +18%, +28%, +12%, +71%.

What we assumed

• The 2015 profit comes from a blog's transcription of the gazette notice.Hence the middle grade; the other years are read from the notices.
• The 2026 rise includes a one-off gain of ¥23.8bn.Without it the rise is still +37% to +47%.

Sanity check

Parent company only. It shows the higher base the 2016 boom left behind, not that the next boom will do the same.

Where it comes from

Our calculation from other figures in the trainer’s notes:

• EstimateRise in TPC parent net profit excluding the one-off gain, year to February 202647.2%

Where it’s used

• StoryValue and risk