The values
- Operator net margin assumed: 0.08 to 0.03
- Fee revenue: ¥4.6–12.3bn
- Net profit growth year to February 2025 to year to February 2026: 0.194
- Net profit CAGR year to February 2018 to year to February 2026: 0.175
Where it comes from
Our calculation from other figures in the trainer’s notes: