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Record

Parent direct usd exposure pocket against TPCi consolidation effect, TPC year to February 2026 (parent: Mar 2025–Feb 2026; TPCi: 2025 if Dec-basis)

TPC year to February 2026 (parent: Mar 2025–Feb 2026; TPCi: 2025 if Dec-basis)

EstimateOur model or estimate. Treat it as an order of magnitude.

What this is

Parent leg (transaction/direct): Pocket at the parent ¥100.3–108.4bn net of store / ¥143.3–154.8bn gross; overseas share 0.58–0.62 ( domestic 0.38–0.42) → ¥58.2–67.2bn net, ¥83.1–96.0bn gross = 10.9–18.1% of parent revenue 531.4.

The values

  • % of parent revenue: 10.9 to 18.1
  • Revenue per 1yen USDJPY: ¥0.388–0.64bn
  • Against year to February 2022 rates: ¥14.9–24.6bn

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
  1. Parent leg (transaction/direct): Pocket at the parent ¥100.3–108.4bn net of store / ¥143.3–154.8bn gross
  2. overseas share 0.58–0.62 ( domestic 0.38–0.42) → ¥58.2–67.2bn net, ¥83.1–96.0bn gross = 10.9–18.1% of