What this is
Restate year to February 2026 at year to February 2017 rates: multiple_cc = m × (1 − g × (1 − 108.34/149.94 = 0.27744)). Per 10pp of g: −2.77% (≈−0.21×).
The values
- Translation factor: 0.277
- Ledger consistent g: ≈0.68–0.69 (Japan closing share 30.8–31.6% in)
- Implied parent foreign share s: 0.38 to 0.49
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:
- FiledEquity-method affiliates summary note (incl. ㈱ポケモン): ni, year to March 2017 (Apr 2016-Mar 2017)¥42bn
- FiledEquity-method affiliates summary note (incl. ㈱ポケモン): ni, year to March 2026 (Apr 2025-Mar 2026)¥255.1bn
Show the working
- INTERPRETATION, C
- Restate FY2/26 at FY2/17 rates: multiple_cc = m × (1 − g × (1 − 108.34/149.94 = 0.27744))
- At the ledger-consistent g ≈ 0.69: factor 0.8086 → table basis 7.51–8.07× becomes 6.07–6.53×, licence reading 5.93–6.75×