What this is
F1=6804/(0.55-0.32)=29581; T=42045-200-29581=12264 < parent 15,921 (TPC subsidiaries would have to lose ¥3.7bn in the GO year). H1 'mainly TPC' contradicts a FA-driven Q2.
The values
- Verdict: FAILS
- Required FA net profit Apr Aug 2016: 29,581
- Implied TPC net profit: 12,264
- TPC parent net profit: 15,921
- Q1 pickup implied if 3of5 in Q1: 9,762
- Q1 pickup reported: 36
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
- (a) needs FA +¥29.6bn in Apr–Aug 2016 at 55%
- Q1 would show ≈¥9.8bn, not ¥36m
Where it’s used
More figures on First Avenue Entertainment (Seattle Mariners) →