What this is
Estimated revenue of the Tokyo parent in years without disclosed sales: about ¥12.3–14.1bn for the year to February 2015 and ¥43.7–49.9bn for 2017.
How it’s built
- In the two years with filed sales, revenue was 1.14 times total assets (2021) and 1.00 times (2026).
- Applying that range to total assets of ¥12.35bn (2015) and ¥43.8bn (2017) gives the bands.
What we assumed
- Asset turnover in 2015–2017 lay within the 2021–2026 range.There is no direct evidence for those years; it is the main uncertainty.
Sanity check
It rules out an earlier reading that the parent already had ¥100bn of sales in 2017; the ¥100bn crossing falls between 2018 and 2021.
Where it comes from
Our calculation from other figures in the trainer’s notes:
Show the working
- Turnover filed year to February 2021: 1.14
- Turnover filed year to February 2026: 0.998
- Range m, year to February 2015: 12,331 to 14,082
- Range m, year to February 2017: 43,726 to 49,937
- Parent crossing window: year to February 2018–year to February 2021
- revenue/total assets in the two filed years = 1.140 (FY2/21) and 0.998 (FY2/26)
- applied to FY2/15 assets ¥12,350m → ¥12330–14082m
- FY2/17 assets ¥43,795m → ¥43726–49937m, so the parent could not have been ≈¥100bn in FY2/17
Where it’s used
Related figures
Built from this one