What this is
INTERPRETATION, C. q = share of TPC group net profit earned in foreign currency (net of foreign costs).
The values
- Pickup year to March 2022: 26,672
- Pickup year to March 2026: 82,792
- Pickup ex recycle: 71,113
- Nominal multiple: 3.1
- Per 10pp q per 1yen: ¥55m
- Carrying OCI per 1yen USDJPY: ¥0.9–0.92bn
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:
- EstimateImplied foreign net assets from fx pickup dec against feb translation date, year to March 2018–year to March 2026
- EstimateRestatement of adhoc fx rows on register, as listed
- EstimateForeign net assets currency split test year to March 2025 year to March 2026, Dec 2023–Dec 2025
Show the working
- INTERPRETATION, C. q = share of TPC group net profit earned in foreign currency (net of foreign costs)
- FX in FY3/26 pickup vs FY2/22 rates = q × 82,792 × 0.25624: q=0.4 → 8486 (15.1% of the +56,120 increment), q=0.6 → 12729
- Sens
Related figures
Built from this one