What this is
GBP m x (149.57 x 1.32 = 197.43 JPY/GBP): 2025 turnover 57.88 -> JPY 11.43bn (11.6% of 98.5; 5.6% of 204.3); cost of sales 35.38 -> JPY 6.99bn (7.1% / 3.4%); 2023 peak 87.85 -> JPY 17.34bn. 2021 royalty 3.398/41.150 = 8.26%; x 2025 turnover = GBP 4.78m = JPY 0.94bn.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- GBP m x (149.57 x 1.32 = 197.43 JPY/GBP): FY2025 turnover 57.88 -> JPY 11.43bn …
- 5.6% of 204.3)
- cost of sales 35.38 -> JPY 6.99bn (7.1% / 3.4%)
- FY2023 peak 87.85 -> JPY 17.34bn
- FY2021 royalty 3.398/41.150 = 8.26%