What this is
If TPC's package does NOT gross up cost-basis sales ('s a2-wholly branch, weighted ½ of 0.30), the ¥36.5bn after-tax recycle must be a GENUINE securities reserve inside TPC group.
The values
- 持分法 securities net year to March 2022 25: 45, -103, 127, -238
- Cumulative year to March 2022 25: -169
- Needed reserve after tax: 36,497
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:
- EstimateMargin restatement by revised route set, probability-weighted (revision 2; extends), TPC year to February 2026 = Nintendo year to March 2026
- ReportedEquity-method OCI by component = ΔAOCI component − consolidated OCI row, year to March 2022–26, year to March 2022–year to March 2026
- ReportedConsolidated securities 組替調整額 against ALL realized securities P/L (convention check on), year to March 2026, year to March 2026
Show the working
- securities components 45 / −103 / 127 / −238
- Σ = −169 vs 36,497 required