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Foreign net assets currency split and carrying sensitivity rev2 — supersedes and the carrying line of, 31-Dec-2024 to 31-Dec-2025

31-Dec-2024 to 31-Dec-2025

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

What this is

From the best fit: opening year to March 2026 U = $1.77bn, E = €0.32bn (EUR ≈16% of foreign NA in yen); grown by g = 0.18 to closing ≈ $2.09bn + €0.38bn ≈ $2.53bn-equivalent, vs below-parent NA $2.80bn at 156.80 (≈90% of it foreign-currency). year to March 2026's translation gain was a EURO effect.

Where it comes from

Our calculation from other figures in the trainer’s notes:

Show the working
  1. From the best fit: opening FY3/26 U = $1.77bn, E = €0.32bn (EUR ≈16% of foreign NA in yen)
  2. grown by g = 0.18 to closing ≈ $2.09bn + €0.38bn ≈ $2.53bn-equivalent, vs below-parent NA $2.80bn at 156.80 …

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