What this is
Envelope = ≈¥56.8bn parent-booked Asian editions (Q09 min corner, a = 0.3) × (1 − Korea share 0.128–0.287) per CN-266 = ¥40.5–49.5bn. Compare with 2025 six-partner FOB in yen.
The values
- Envelope: ¥40.5–49.5bn
- Six total 2025: ¥63bn
- Ratio six total to envelope: 1.27 to 1.56
- CN HK 2025: ¥48.4bn
- Ex CN HK 2025: ¥14.6bn
- Ratio ex CN HK to envelope: 0.3 to 0.36
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
- 63.03 / 49.5 = 1.27
- 63.03 / 40.5 = 1.56
- 14.64 / 49.5 = 0.30
- 14.64 / 40.5 = 0.36