What this is
A time-weighted 55%→10% blend (0.2875) is below 0.32 and would need F≈−209bn, so only profit concentrated pre-sale (s→0.55) or a loss Nintendo does not bear (s→0) can close the P&L. W and P are assumptions.
The values
- Identity: 20,271 = 0.32·T + 0.5·W + 0.27·P + s·F; 42,045 = T + W + P + F
- W P assumed: W,P ∈ [−0.2, +0.3]bn (Warpstar NI −52…157 year to March 2021–25)
- Time weighted blend 5of12 at 55: 0.288%
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- F = (20,271 − 0.5W − 0.27P − 0.32(42,045 − W − P)) / (s − 0.32)