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To date yen tailwind and stress (prediction inputs), year to February 2027, TPC year to February 2027 (Mar 2026–Feb 2027) YTD to Oct 2026; 2026 Jan–Oct

TPC year to February 2027 (Mar 2026–Feb 2027) YTD to Oct 2026; 2026 Jan–Oct

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

What this is

INTERPRETATION, C (forward-looking; rates are YTD). Translation factor on foreign revenue = 1 − 149.94/159.04 = 0.0572.

The values

  • S tailwind: ¥27.1–28.6bn
  • Against Pocket year to February 2027 headwind ¥ billion: 84.1

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. INTERPRETATION, C …
  2. rates are YTD)
  3. Translation factor on foreign revenue = 1 − 149.94/159.04 = 0.0572
  4. Parent tailwind on the FY2/26 base: s=0.4 → 0.4 × 531.4 × 0.0572 = ¥12.2bn
  5. S …

Related figures

Built from this one