AI 銘柄分析 · 10年

Exor N.V.

EXO · EUR · 分析基準日 2026-11-06

{ "as_of": "2026-11-06", "market_price_eur": 73.35, "entry_cohort_cap_oku": 147.20703921, "reference_NAV_proxy_oku": 343.27135658, "indicative_NAV_per_share_eur": 171.04449719, "probability_weighted_fair_value_per_share_eur": 78.78680795, "expected_IRR": 0.103330206, "required_return": 0.095, "scenario_summary": [ { "case": "strong_bull", "probability": 0.12, "10y_payout_oku": 29.03332908, "2036_terminal_old_cohort_mcap_oku": 786.32510777, "pv_oku": 336.41514993, "irr": 0.194104269117 }, { "case": "mild_bull", "probability": 0.2, "10y_payout_oku": 25.94978686, "2036_terminal_old_cohort_mcap_oku": 474.48413113, "pv_oku": 208.79355421, "irr": 0.136341643073 }, { "case": "base", "probability": 0.4, "10y_payout_oku": 22.98685141, "2036_terminal_old_cohort_mcap_oku": 315.40904784, "pv_oku": 142.86699775, "irr": 0.091495005555 }, { "case": "mild_bear", "probability": 0.2, "10y_payout_oku": 14.26556663, "2036_terminal_old_cohort_mcap_oku": 177.34700317, "pv_oku": 81.31776373, "irr": 0.027959658752 }, { "case": "bear", "probability": 0.08, "10y_payout_oku": 5.34787171, "2036_terminal_old_cohort_mcap_oku": 70.28441458, "pv_oku": 32.2419613, "irr": -0.066578541683 } ], "publication_status": "model_only_reverified_2037_stock_neutralization_and_IFRS_investment_company_display_2026_11_06_cutoff_still_unverified_share_count", "five_year_to_ten_year_correction": "All 2027..2035 inclusive plus 2036 Jan1-Nov6 included; no 2036 Nov7-Dec31 payouts added." }

10年期待年率10.33%

資本コスト9.50%

直近終値73.35 EUR2026-11-06

AIによるシナリオ分析です。基準日以降の出来事、株価や為替の変化は個別に確認が必要です。各数値は元の分析の単位と前提に従います。

分析の要約

{
"investment_thesis": "Exor is a discounted collection of equity interests rather than a consolidated automotive group; key determinants are Ferrari premium economics, recovery in Stellantis/CNH, disciplined capital deployment, Lingotto and private holdings, debt and buybacks.",
"valuation_policy": "All 2036 investment exit marks projected from individual investees’ post-2036 sustainable owner FCFE and capital charge; interim share buyback execution prices are explicit market assumptions, NOT a terminal NAV discount.",
"revenue_profit_note": "Exor H1 IFRS investment company reports dividend income, FVTPL remeasurements, G&A incl SBC, other, finance income/cost, PBT and taxes; neither operating sales nor operating profit are reported. Standard stockfu sales/EBIT fields are unsupported; see investment_entity_IFRS_display_metric_policy.",
"past_5_year_payout_error": "Prior model undercounted or mislabeled shareholder distributions by treating years 1–5 as all ten years; replaced by ledger from post-Nov6 2026 through Nov6 2036, events with actual ACT/365.25 year fractions and 5 probability paths.",
"incomplete_baseline_facts": [
"No public exact treasury count at November 6 before November 9 update; November 2 report is latest allowable proxy.",
"Exor tender acceptance/individual cash receipt date for Iveco not proven by Iveco 89.42% aggregate initial settlement; opening model uses offer receivable, settles Nov13 as conditional forecast.",
"Private and Lingotto FV marks are June30 2026 old; Oct/Nov marks not audited.",
"Nov6 actual investee stock holdings may change after June; held constant unless confirmed (Philips 2026 H1 in-kind award already included).",
"After-March-2027 buybacks, future dividends, award vesting, tax, prices and all forecast dates are assumptions."
],
"definitions": {
"payout_oku": "Sum of cash dividends and proportional tender/sale cash actually modeled to original Nov6 shareholder cohort, never book P&L or unrealized NAV.",
"mcap_oku": "End-of-period residual equity intrinsic value times remaining original shareholder cohort ownership; not entire Exor market cap.",
"NAV": "Investments at fair value plus cash, less holding-level debt and liabilities; no additive investee operating CF."
},
"conservative_bias": "A separate terminal reserve charges post-2036 stock-neutralizing repurchases at expected market price rather than treating expensed share awards as costless.",
"staleness_and_model_risk": "Large model uncertainty in 2037 owner-FCFE; not a factual company 2036 forecast.",
"sbc_terminal_validation": "Future >2036-11-06 annual neutralization reserve uses first 2037 buyback at intrinsic 2037 year-growth price. 2037+ old holders pro-rata tender, receive buyback and owner-cash-equivalent distributions while H declines and N remains neutral; 10-year infinite/finite tail PV identity verified to the same 2036 old-cohort terminal value. Prior 2026-36 SBC P&L and equity reserve only cancel for net book NAV; no second P&L charge in terminal."
}

Exor はIFRS投資会社であり、投資先の売上・営業利益を連結売上・営業利益として表示しない。投資配当、公正価値評価損益、費用、金融収支からの損益接続は年次台帳に記載。11月6日の株数は10月30日までの報告値を代理使用し、Iveco受渡時期と非上場資産の評価は未確認。予測権利日・資産売却・買戻しなどの確認時期を超えたら期待リターンを保留。終価の株式報酬補填・比例応札と希薄化を同時にモデル化。

事業

accounting: Since investment entity assessment, parent uses IFRS10 investment entity exception for equity investments at FVTPL, including controlled Juventus; only service companies consolidated. Carrying stakes are public prices and private valuations; no group automotive or health product sales are booked as parent revenue.
holdings: Ferrari luxury sport cars / Stellantis mass auto / CNH farm and construction / Philips health tech / Juventus football / Via transit SaaS / Clarivate business data / Lingotto asset management and LP funds / private stakes.
capital_allocation: Buyback executed below estimated NAV is accretive to continuing shares but old cohort assumed to tender pro-rata and receives cash; no buyer-survivor NAV accretion assigned twice to old cohort.
dividends: Dividend inflow from investees to holdco (and historical Iveco one-off) distinct from Exor ordinary cash dividend to shareholders.
2026_Ferrari_after_cutoff: No. Q3 result dated Nov3 and included, parent profit is not Ferrari operating profit times ownership recognized as equity-accounted earnings.
investee_operating_cashflow_not_added_to_portfolio_values: はい

競争力・事業の質

strengths

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1: Ferrari premium margins and brand moat
2: material net asset cover and historically strong holdco credit rating A-
3: diverse optional reinvestment into funds and healthcare
4: cancelled ordinary treasury has no economic dilution

weaknesses

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1: extreme Ferrari concentration
2: Stellantis/CNH cyclical operating leverage and regulatory risk
3: opaque illiquid holdings
4: discretionary and sometimes dilutive manager LTI and voting control
5: Exor discount may persist indefinitely

leverage

June30 2026 gross notes €35.07億, financial liabilities €1.84億 (of which FX €1.39億 assumed settled Jul1), cash €21.79億, GAV €357.68億; 4.7% published LTV before subsequent transactions.

company_guidance_not_a_projection

2026 second-half results not known at November 6; 2036 normalized investee FCFE scenario values are hypotheses.

業界と環境

Ferrari: scarcity / high-end personalization; capex for new vehicles and brand; premium valuation sensitivity
Stellantis: ICE/EV mix, tariffs, US/Europe demand, pricing discipline, industrial FCF negative through cycle, regulation; expected 2027 return to cash generation uncertain
CNH: agriculture machine market trough, dealers, precision agriculture R&D, captive finance receivables differ from industrial leverage
Philips: hospital spending/recall claims, imaging and monitoring technology, compliance and product innovation
Juventus: match-day media revenues and player wage/contracts drive large operating swings; NCI not consolidated in investment entity NAV
Lingotto_other: liquid and illiquid LPs with FX/market beta and fund fees, residual market pricing uncertain
private: Louboutin consumer luxury, Economist subscriber churn, Institut Merieux diagnostics, Welltec equipment and oil & gas services disposal risk
future_investment: Investment cost does not create instant gain, future 2037 FCFE based on cost and after-maintenance-capex sustainable yield.

財務・資本配分

share_counts

June30 2026 issued 207,779,752, treasury 5,044,751; November2 2026 treasury 7,088,492, effective 200,691,260; net treasury +2,043,741 vs disclosed first+second tranche gross 2,050,116 discrepancy -6,375 (cannot infer exact award delivery without ledger).

special_voting_shares_A

117997914

ordinary_economic_special_voting_share_issue

いいえ

dividend_2026_confirmed_ex_date

2026-05-25

dividend_2026_confirmed_payment

2026-05-27

confirmed_2026_final_dividend_eur_per_share

0.49

included_2026_11_06_to_2036_11_06

いいえ

2026_LTI_PSO_scenario_exercise_assumptions

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strong_bull

2029_exercised_fraction: 0.75

mild_bull

2031_exercised_fraction: 0.5

base

2031_exercised_fraction: 0.25

mild_bear

exercise_fraction: 0

bear

exercise_fraction: 0

2026_LTI_reported

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2026_1h_sbc_expense_oku: 0.14
2026_1h_equity_credited_oku: 0.14
shares_delivered_2026_1h: 503043
PSO_granted: 891447
PSO_strike_eur: 86.46
PSO_vesting: 2028-12-31 conditional, exercise not guaranteed, omitted in issuance ledger
PSU_granted: 133147
PSU_vesting: 2028-12-31 conditional
RSU_granted: 10085
RSU_vesting: 2026–28 three instalments conditional

future_issuance_treatment

cash third-party issue adds cash and shares, reduces original cohort fraction; PSUs/RSUs release from existing treasury without cash to old owners; cancellation reduces issued and treasury equally.

share_repurchase_pro_rata

all future buyback shareholder receipts reported as initial shareholder fraction times issuer cash spent at each event; the remaining original cohort numerator falls pro-rata with outstanding denominator.

sbc_terminal_cost

2036 equity FCFE terminal deducts ONLY future stock-neutralizing employee compensation cost for 2037+, with first 2037 price (1+g)*2036 fair per share and a self-consistent fixed point. Future repurchase cash returned to pro-rata selling old holders appears in post-horizon cohort tail decomposition, not in 2026-2036 timed_cashflows again; employee delivery transfers ownership. Grant-date IFRS SBC expense and equal equity reserve credit cancel in current book equity and are not subtracted again.

financing

Annual interest on holdco notes deducted cash. Hypothetical same-day matched refinancing loans/repayments are visible as zero-net shareholder events, preserving gross holdco debt; note-by-note 2027–2036 maturities unverified. Terminal debt principal subtracted once, no second coupon perpetuity. Undrawn EUR11億 credit facility not modeled as cash.

cash_management_limitations

Proxy gross €35.52億 holdco notes + remaining financial liabilities; future maturities assumed rolled and interest recalculated, not future company-announced contracts.

評価の前提と確認

時価総額（億）

147.20703921

opening_NAV_oku

343.27135658

not_using_market_PE_to_choose_terminal

はい

not_using_fixed_discount_to_NAV_as_terminal

はい

held_portfolio_2026_prices

nov6 public spot prices, stale private/H1 marks disclosed

annual_fair_value_policy

before 2036, each investee mark evolves by scenario gross equity total return minus dividends received by holdco; in 2036 terminal replace booked mark with explicit year+1 normalized owner FCFE / (cost-of-equity - growth).

discount_not_assumed_to_close

はい

group_enterprise_value_not_added

Existing investee equity share prices already deduct their own debt/NCI. Never add investee net income as Exor consolidated profit AND claim priced shares.

no_extra_dividend_on_march_2027_after_horizon

はい

terminal_DCF_sensitivity

理由: Ferrari/Philips growth and k dominate terminal valuation; each 1pp larger r-g reduces all else equal entity Gordon value materially.
計算式: 2037 owner_FCFE / (r-g). E.g one 2027 ownerFCFE 1億, growth 4% through ~2036, 2037 terminal g=2%, r=10% => terminal ≈1.54/(0.08)=19.25億; at r=11% => 17.11億.
単位: 億EUR

2026_11_06_to_2036_11_06_start_and_end_stub

はい

no_double_count_in_terminal_grants

はい

資本コストの前提

資本コスト: 9.50%
currency: EUR
real_or_nominal: nominal_EUR
cost_type: required_initial_shareholder_annual_discount_rate
basis: assumed required shareholder nominal return, used only for scenario present value; investee/terminal rates scenario specific
day_count: ACT/365.25 (calendar anniversary 2036-11-06 is 3653 days, t=10.0013689254)

事業別データ

事業別の内訳と、収録されている年度別データを確認できます。

事業別データを開く →

10年のシナリオ

シナリオごとの確率、期間内の株主還元・追加負担、終価です。金額は億EUR。株主の範囲や受取時点は各分析の前提を確認してください。

シナリオ	確率	株主還元・追加負担	終価
強気	12.0%	29.03	786.33
やや強気	20.0%	25.95	474.48
中立	40.0%	22.99	315.41
やや弱気	20.0%	14.27	177.35
弱気	8.0%	5.35	70.28

強気（確率 12.0%）

growth_shift: 0.055
growth_scale: 1.18
r_shift: -0.009
tg_shift: 0.009
invest_div_mult: 1.3
div_growth: 0.06
buyback_after2027: 1.5
buyback_initial: 3.57
new_invest_annual: 3.5
new_invest_return: 0.09
market_trade_growth: 0.085
cash_interest: 0.035
debt_rate: 0.025
税率: 0.80%
sell_welltec: 2027-03-31
welltec_sale_mult: 1.1
cash_dvd_base: 0.49
sbc_shares_annual: 230000
sbc_expense_annual: 0.27
equity_issuance_2030_oku: 0
terminal_coc: 0.085
holdco_terminal_g: 0.024

確率の根拠

投資先の成長・持株会社の資金配分・事業リスクについての分析上の確率仮定。

このシナリオの数値・キャッシュフローを開く →

やや強気（確率 20.0%）

growth_shift: 0.025
growth_scale: 1.08
r_shift: -0.004
tg_shift: 0.004
invest_div_mult: 1.12
div_growth: 0.043
buyback_after2027: 1.25
buyback_initial: 3.57
new_invest_annual: 3
new_invest_return: 0.083
market_trade_growth: 0.06
cash_interest: 0.03
debt_rate: 0.027
税率: 1.00%
sell_welltec: 2027-03-31
welltec_sale_mult: 1.04
cash_dvd_base: 0.49
sbc_shares_annual: 250000
sbc_expense_annual: 0.28
equity_issuance_2030_oku: 0
terminal_coc: 0.09
holdco_terminal_g: 0.022

確率の根拠

投資先の成長・持株会社の資金配分・事業リスクについての分析上の確率仮定。

このシナリオの数値・キャッシュフローを開く →

中立（確率 40.0%）

growth_shift: 0
growth_scale: 1
r_shift: 0
tg_shift: 0
invest_div_mult: 1
div_growth: 0.027
buyback_after2027: 1
buyback_initial: 3.57
new_invest_annual: 2.5
new_invest_return: 0.075
market_trade_growth: 0.038
cash_interest: 0.025
debt_rate: 0.028
税率: 1.30%
sell_welltec: 2027-03-31
welltec_sale_mult: 1
cash_dvd_base: 0.49
sbc_shares_annual: 275000
sbc_expense_annual: 0.28
equity_issuance_2030_oku: 0
terminal_coc: 0.095
holdco_terminal_g: 0.02

確率の根拠

投資先の成長・持株会社の資金配分・事業リスクについての分析上の確率仮定。

このシナリオの数値・キャッシュフローを開く →

やや弱気（確率 20.0%）

growth_shift: -0.032
growth_scale: 0.88
r_shift: 0.008
tg_shift: -0.006
invest_div_mult: 0.79
div_growth: 0.006
buyback_after2027: 0.5
buyback_initial: 2.1
new_invest_annual: 1.25
new_invest_return: 0.065
market_trade_growth: 0
cash_interest: 0.02
debt_rate: 0.037
税率: 1.70%
sell_welltec: 2028-09-29
welltec_sale_mult: 0.92
cash_dvd_base: 0.39
sbc_shares_annual: 330000
sbc_expense_annual: 0.34
equity_issuance_2030_oku: 3
terminal_coc: 0.106
holdco_terminal_g: 0.016

確率の根拠

投資先の成長・持株会社の資金配分・事業リスクについての分析上の確率仮定。

このシナリオの数値・キャッシュフローを開く →

弱気（確率 8.0%）

growth_shift: -0.09
growth_scale: 0.75
r_shift: 0.02
tg_shift: -0.013
invest_div_mult: 0.49
div_growth: -0.025
buyback_after2027: 0
buyback_initial: 1.07
new_invest_annual: 0.5
new_invest_return: 0.035
market_trade_growth: -0.035
cash_interest: 0.015
debt_rate: 0.046
税率: 2.50%
sell_welltec: 未確認
welltec_sale_mult: 未確認
cash_dvd_base: 0.24
sbc_shares_annual: 400000
sbc_expense_annual: 0.43
equity_issuance_2030_oku: 10
terminal_coc: 0.125
holdco_terminal_g: 0.009

確率の根拠

投資先の成長・持株会社の資金配分・事業リスクについての分析上の確率仮定。

事業別の前提

記載なし

日付別キャッシュフロー

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想定日: 2026-11-13
year: 0.0191649555
金額: 0
種類: iveco_tender_receivable_to_cash
date_status: conditional_forecast
underlying_value_oku: 10.56752352
economic_event: asset_to_cash_only
confirmed_offer_settlement_2026_10_30: はい
exor_own_settlement_not_verified: はい
cashflow_to_old_shareholders: いいえ
verification_gate_id: Conditional_Iveco_receivable
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
market_offer_reopened_settlement_announced_date: 2026-11-13
actual_Exor_position_settlement_unverified: はい

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想定日: 2026-12-15
year: 0.1067761807
金額: 0
種類: repurchase_record_date_assumed
date_status: forecast_unannounced
execution_price_eur: 73.071497
tender_election: pro_rata
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2026-12-15
year: 0.1067761807
金額: 1.06999981
種類: exor_pro_rata_tender_cash_to_old_cohort
date_status: forecast_unannounced
company_cash_paid_oku: 1.06999981
issuer_shares_purchased: 1464319
old_cohort_shares_tendered_equivalent: 1464319
old_fraction_pre_buyback: 1
execution_price_eur: 73.071497
verification_gate_id: Exor_buyback_execution
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2026-12-31
year: 0.1505817933
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 3362
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
vest_assessment_date_in_existing_2026_LTI_plan: はい
plan_date_source_id: exor_h1
delivery_still_contingent: はい

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想定日: 2027-05-16
year: 0.52292950034223
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

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想定日: 2027-06-15
year: 0.605065024
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2027-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2027-06-15

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想定日: 2027-06-30
year: 0.6461327858
金額: 0.47814466
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 0.47815273
per_ordinary_share_eur: 0.24
holder_shares_on_assumed_ex_date: 199226941
ex_date_assumed: 2027-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 0.72470363
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 0.53863107
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.14689938
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.04406982
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.02448323
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.03427652
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.00734497
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Welltec
amount_received_by_company_oku: 0.02448323
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.26931554
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-09-30
year: 0.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.30359206
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-10-15
year: 0.93908282
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 0.67453799
estimated_owner_fcfe_y1_oku: 0.02360883
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-11-01
year: 0.9856262834
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 0.35
maturing_principal_repaid_oku: 0.35
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2027-12-31
year: 1.1498973306
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 3362
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
vest_assessment_date_in_existing_2026_LTI_plan: はい
plan_date_source_id: exor_h1
delivery_still_contingent: はい

内容を開く

想定日: 2028-05-16
year: 1.5249828884326
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

内容を開く

想定日: 2028-06-15
year: 1.607118412
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2028-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2028-06-15

内容を開く

想定日: 2028-06-30
year: 1.6481861739
金額: 0.46619104
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 0.46620678
per_ordinary_share_eur: 0.234
holder_shares_on_assumed_ex_date: 199226941
ex_date_assumed: 2028-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 0.76665702
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 0.55630998
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.15024789
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.04529532
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.02504131
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.03522969
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.00754922
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Welltec
amount_received_by_company_oku: 0.02504131
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.27815499
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-09-30
year: 1.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.30899018
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-10-13
year: 1.9356605065
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 0.67638604
estimated_owner_fcfe_y1_oku: 0.02367351
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-11-01
year: 1.9876796715
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 3.835
maturing_principal_repaid_oku: 3.835
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2028-12-31
year: 2.1519507187
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 336508
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
vest_assessment_date_in_existing_2026_LTI_plan: はい
plan_date_source_id: exor_h1
delivery_still_contingent: はい

内容を開く

想定日: 2029-05-16
year: 2.5242984257358
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

内容を開く

想定日: 2029-06-15
year: 2.6064339493
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2029-07-02
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2029-06-15

内容を開く

想定日: 2029-07-02
year: 2.6529774127
金額: 0.45453627
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 0.45531935
per_ordinary_share_eur: 0.22815
holder_shares_on_assumed_ex_date: 199226941
ex_date_assumed: 2029-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 0.80661326
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 0.57143371
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.15283412
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.04630085
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.02547235
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.03601177
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.00771681
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Welltec
amount_received_by_company_oku: 0.02547235
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.28571685
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-09-30
year: 2.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.31276813
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-10-15
year: 2.9404517454
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 0.67453799
estimated_owner_fcfe_y1_oku: 0.02360883
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2029-11-01
year: 2.9869952088
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 3.835
maturing_principal_repaid_oku: 3.835
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2029-12-31
year: 3.151266256
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 399726
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-05-15
year: 3.5208761122519
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

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想定日: 2030-06-14
year: 3.6030116359
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2030-07-01
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2030-06-14

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想定日: 2030-07-01
year: 3.6495550992
金額: 0.44317286
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 0.44482554
per_ordinary_share_eur: 0.222446
holder_shares_on_assumed_ex_date: 199226941
ex_date_assumed: 2030-06-14
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

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想定日: 2030-07-15
year: 3.6878850103
金額: 0
種類: third_party_equity_issuance_dilution
date_status: forecast_unannounced
company_issuance_cash_oku: 9.99999998
shares_issued: 17275032
new_shares_cash_price_eur: 57.88701275
old_cohort_shares_unchanged: はい
verification_gate_id: New_capital_raises
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 0.85097698
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 0.58857672
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.1558908
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.13220945
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.04745837
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.0259818
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.03691207
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.00790973
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Welltec
amount_received_by_company_oku: 0.0259818
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.29428836
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-09-30
year: 3.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.31745965
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-10-15
year: 3.9397672827
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 0.67453799
estimated_owner_fcfe_y1_oku: 0.02360883
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-11-01
year: 3.9863107461
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 3.835
maturing_principal_repaid_oku: 3.835
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2030-12-31
year: 4.1505817933
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 399726
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-05-14
year: 4.517453798768
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

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想定日: 2031-06-13
year: 4.5995893224
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2031-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2031-06-13

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想定日: 2031-06-30
year: 4.6461327858
金額: 0.43209354
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 0.47203882
per_ordinary_share_eur: 0.216885
holder_shares_on_assumed_ex_date: 199226941
ex_date_assumed: 2031-06-13
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 0.89778072
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 0.60623402
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.15900862
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.13749782
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.04864483
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.02650144
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.03783487
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.00810747
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Welltec
amount_received_by_company_oku: 0.02650144
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.30311701
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-09-30
year: 4.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.32222155
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-10-15
year: 4.93908282
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 0.34976044
estimated_owner_fcfe_y1_oku: 0.01224162
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-11-01
year: 4.9856262834
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 3.835
maturing_principal_repaid_oku: 3.835
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2031-12-31
year: 5.1498973306
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 399726
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2032-05-16
year: 5.5249828884326
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

内容を開く

想定日: 2032-06-15
year: 5.607118412
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2032-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2032-06-15

内容を開く

想定日: 2032-06-30
year: 5.6481861739
金額: 0.4212912
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 0.46108312
per_ordinary_share_eur: 0.211463
holder_shares_on_assumed_ex_date: 199226941
ex_date_assumed: 2032-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 0.94975361
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 0.62613178
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.16263314
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.14338951
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.04999756
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.02710552
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.03888699
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.00833293
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Welltec
amount_received_by_company_oku: 0.02710552
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

100

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.31306589
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

101

内容を開く

想定日: 2032-09-30
year: 5.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.32795091
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

102

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想定日: 2032-10-15
year: 5.9411362081
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 0.35071869
estimated_owner_fcfe_y1_oku: 0.01227515
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

103

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想定日: 2032-11-01
year: 5.9876796715
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 1.00205339
maturing_principal_repaid_oku: 1.00205339
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

104

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想定日: 2032-12-31
year: 6.1519507187
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 400821
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

105

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想定日: 2033-05-16
year: 6.5242984257358
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

106

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想定日: 2033-06-15
year: 6.6064339493
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2033-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2033-06-15

107

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想定日: 2033-06-30
year: 6.6475017112
金額: 0.41075892
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 0.45038244
per_ordinary_share_eur: 0.206176
holder_shares_on_assumed_ex_date: 199226941
ex_date_assumed: 2033-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

108

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 0.99925238
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

109

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 0.64315367
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

110

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.16543257
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

111

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.14871765
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

112

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.05110747
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

113

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.02757209
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

114

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.03975026
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

115

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.00851791
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

116

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Welltec
amount_received_by_company_oku: 0.02757209
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

117

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.32157684
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

118

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想定日: 2033-09-30
year: 6.8993839836
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.33196069
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

119

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想定日: 2033-10-14
year: 6.9377138946
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 0.34976044
estimated_owner_fcfe_y1_oku: 0.01224162
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

120

内容を開く

想定日: 2033-11-01
year: 6.9869952088
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 0.99931554
maturing_principal_repaid_oku: 0.99931554
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

121

内容を開く

想定日: 2033-12-31
year: 7.151266256
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 399726
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

122

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想定日: 2034-05-16
year: 7.523613963039
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

123

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想定日: 2034-06-15
year: 7.6057494867
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2034-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2034-06-15

124

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想定日: 2034-06-30
year: 7.6468172485
金額: 0.40048995
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 0.43992642
per_ordinary_share_eur: 0.201022
holder_shares_on_assumed_ex_date: 199226941
ex_date_assumed: 2034-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

125

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 1.05421127
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

126

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 0.66244828
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

127

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.16874122
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

128

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.15466635
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

129

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.05238516
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

130

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.02812354
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

131

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.04074401
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

132

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想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.00873086
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

133

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Welltec
amount_received_by_company_oku: 0.02812354
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

134

内容を開く

想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.33122414
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

135

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想定日: 2034-09-30
year: 7.8986995209
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.3369401
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

136

内容を開く

想定日: 2034-10-13
year: 7.9342915811
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 0.34976044
estimated_owner_fcfe_y1_oku: 0.01224162
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

137

内容を開く

想定日: 2034-11-01
year: 7.9863107461
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 0.99931554
maturing_principal_repaid_oku: 0.99931554
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

138

内容を開く

想定日: 2034-12-31
year: 8.1505817933
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 399726
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

139

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想定日: 2035-05-16
year: 8.5229295003422
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

140

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想定日: 2035-06-15
year: 8.605065024
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2035-07-02
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2035-06-15

141

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想定日: 2035-07-02
year: 8.6516084873
金額: 0.3904777
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 0.42971171
per_ordinary_share_eur: 0.195996
holder_shares_on_assumed_ex_date: 199226941
ex_date_assumed: 2035-06-15
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

142

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 1.11219288
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

143

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 0.68232173
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

144

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.17211604
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

145

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.16085301
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

146

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.05369479
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

147

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.02868601
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

148

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.04176261
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

149

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.00894913
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

150

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Welltec
amount_received_by_company_oku: 0.02868601
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

151

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.34116087
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

152

内容を開く

想定日: 2035-09-30
year: 8.8980150582
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.34199421
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

153

内容を開く

想定日: 2035-10-15
year: 8.93908282
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 0.34976044
estimated_owner_fcfe_y1_oku: 0.01224162
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

154

内容を開く

想定日: 2035-11-01
year: 8.9856262834
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 0.99931554
maturing_principal_repaid_oku: 0.99931554
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

155

内容を開く

想定日: 2035-12-31
year: 9.1498973306
金額: 0
種類: equity_incentive_share_delivery
date_status: forecast_vesting_not_confirmed
shares_delivered: 399726
holder_cash: 0
old_holder_shares_unchanged: はい
economic_effect: dilution; equity-based SBC expense already in P&L but reserve credit cancels noncash hit to NAV
verification_gate_id: 2026LTI_and_successor_grants
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

156

内容を開く

想定日: 2036-05-14
year: 9.5195071868583
金額: 0
種類: forecast_dividend_review
注記: 予測の権利落ちより前に発表を確認する管理日。

157

内容を開く

想定日: 2036-06-13
year: 9.6016427105
金額: 0
種類: dividend_ex_date_assumed
date_status: forecast_unannounced
pay_date_assumed: 2036-06-30
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06
ex_date_assumed: 2036-06-13

158

内容を開く

想定日: 2036-06-30
year: 9.6481861739
金額: 0.38071576
種類: exor_shareholder_cash_dividend
date_status: forecast_unannounced
company_total_paid_oku: 0.41973277
per_ordinary_share_eur: 0.191097
holder_shares_on_assumed_ex_date: 199226941
ex_date_assumed: 2036-06-13
ex_date_confirmed: いいえ
verification_gate_id: Exor_dividend_ex_and_payment
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

159

内容を開く

想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Ferrari
amount_received_by_company_oku: 0.99976999
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

160

内容を開く

想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Philips
amount_received_by_company_oku: 0.59881677
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

161

内容を開く

想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: CNH
amount_received_by_company_oku: 0.14958534
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

162

内容を開く

想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Stellantis
amount_received_by_company_oku: 0.1425378
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

163

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Institut Merieux
amount_received_by_company_oku: 0.04689468
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

164

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Christian Louboutin
amount_received_by_company_oku: 0.02493089
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

165

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: The Economist Group
amount_received_by_company_oku: 0.03647364
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

166

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Tag Holding
amount_received_by_company_oku: 0.00781578
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

167

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Welltec
amount_received_by_company_oku: 0.02493089
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

168

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Lingotto LP interests
amount_received_by_company_oku: 0.29940838
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

169

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想定日: 2036-09-30
year: 9.9000684463
金額: 0
種類: portfolio_cash_dividend_to_exor
date_status: forecast_unannounced
investee: Other assets incl bioMerieux
amount_received_by_company_oku: 0.29576877
old_holder_cash: 0
verification_gate_id: Investment_dividend_inflow
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

170

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想定日: 2036-10-01
year: 9.9028062971
金額: 0
種類: assumed_holdco_notes_refinancing_cash_neutral
date_status: hypothetical_not_issuer_maturity_schedule
new_debt_proceeds_oku: 0.85147159
maturing_principal_repaid_oku: 0.85147159
original_cohort_cash: 0
verification_gate_id: Debt_rollovers
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

171

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想定日: 2036-10-01
year: 9.9028062971
金額: 0
種類: new_portfolio_investment
date_status: forecast_unannounced
company_investment_oku: 0.29801506
estimated_owner_fcfe_y1_oku: 0.01043053
old_holder_cash: 0
verification_gate_id: New_investments
issuer_specific_event_date_confirmed_asof_cutoff: いいえ
issuer_event_date_confirmed_source_id: 未確認
verified_actual_date: 未確認
future_date_is_model_assumption: はい
must_recheck_before_upgrading_to_issuer_actual: はい
confirmed_future_payment_date: 未確認
confirmed_future_ex_date: 未確認
as_of_evidence_cutoff: 2026-11-06

その他の数値・前提

assumptions

内容を開く

growth_shift: -0.09
growth_scale: 0.75
r_shift: 0.02
tg_shift: -0.013
invest_div_mult: 0.49
div_growth: -0.025
buyback_after2027: 0
buyback_initial: 1.07
new_invest_annual: 0.5
new_invest_return: 0.035
market_trade_growth: -0.035
cash_interest: 0.015
debt_rate: 0.046
税率: 2.50%
sell_welltec: 未確認
welltec_sale_mult: 未確認
cash_dvd_base: 0.24
sbc_shares_annual: 400000
sbc_expense_annual: 0.43
equity_issuance_2030_oku: 10
terminal_coc: 0.125
holdco_terminal_g: 0.009

financial_engine

内容を開く

accounting_method: IFRS 10 investment entity / FVTPL and selected FVTOCI; parent-only investment holding and services consolidation
company_ifrs_profit_2027_to_2036: forecast fair value remeasurement plus investee dividends minus financing and cash costs and SBC expense; cannot be equated with investee EBIT
old_holder_tender_choice: ALL original 2026-11-06 cohort participates pro rata at each issuer tender/buyback; after buyback its ownership fraction remains unchanged until employee delivery/third-party capital issuance
future_sbc_corporate_equity: sbc P&L expense -SBC; noncash equity credit +SBC; future awards deliver treasury reducing treasury and diluting old holder, not cash to old shareholders
liability_equity_identity: book_equity = fair_market_value_assets + cash - holdco_debt - other_liabilities; shareholder payouts/repurchases decrease holdco NAV at settlement
new_private_deployment: cash for investment reduces cash, increases new FVPL asset at initial cost; no instant gain
net_debt_terminal: subtract holdco net debt/principal exactly once; investee operating financing is already in investee equity FCFE, not separately subtracted
terminal_sbc_policy: a discounted sustainable cash offset cost at projected share price is deducted, and no continuation of the already modeled year-2036 award in terminal
terminal_no_market_discount_reversion: はい
forecast_IFRS_PnL_vs_OCI_classification: FVTPL changes contribute P&L; assumed FVTOCI mark (2.32/21.31 of broad other-investment bucket) contributes OCI. Profit + OCI reconcile book equity. This is a stated sensitivity/assumption, not a verified allocation.
ifrs_revenue_and_operating_profit_standard_field_support: いいえ

annual_ledger

内容を開く

period

内容を開く

start_exclusive: 2026-11-06
end_inclusive: 2026-12-31
actual_days: 55
year_fraction_ACT_36525: 0.150581793292
kind: post_base_stub

opening

内容を開く

portfolio_assets_oku

358.41135658

現金（億）

21.06

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

343.27135658

株数

内容を開く

ordinary_issued: 207779752
ordinary_treasury: 7088492
ordinary_outstanding: 200691260
old_holder_remaining_shares: 200691260
old_holder_equivalence_factor: 1
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 37.84075328
Christian Louboutin: 5.45527721
Clarivate: 1.39446144
Ferrari: 140.43253339
Institut Merieux: 6.75008214
Juventus: 4.26572853
Lingotto LP interests: 44.11315965
Other assets incl bioMerieux: 21.08136602
Philips: 50.47106819
Stellantis: 17.96426868
Tag Holding: 2.37967146
The Economist Group: 4.02102567
Via Transportation: 4.77878543
Welltec: 4.68726489

fair_value_investments_end_oku

345.63544596

company_investment_cash_dividends_oku

dividend_by_investee_oku

記載なし

market_or_private_revaluations_oku

-2.20838709

asset_sales_cash_oku

10.56752352

assets_sold

1: Iveco tender receivable settlement (not new investment gain)

new_investment_cash_deployed_oku

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

-2.18349592

estimated_FVTOCI_mark_through_OCI_oku

-0.02489117

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

0.07143794

cash_operating_expenses_oku

0.05270363

sbc_expensed_in_parent_ifrs_profit_oku

0.06475017

noncash_equity_compensation_reserve_credit_oku

0.06475017

cash_income_tax_oku

interest_paid_oku

0.2460386

debt_new_borrowings_oku

debt_repaid_oku

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

30.33021941

parent_profit_after_sbc_oku

-2.47555038

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

339.76566538

book_equity_rollforward_oku

内容を開く

begin_equity: 343.27135658
net_profit_after_sbc: -2.47555038
sbc_equity_reserve: 0.06475017
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: 0
cash_buybacks: -1.06999981
expected_equity: 339.76566539
difference_oku: -1.0E-8
estimated_FVTOCI_other_comprehensive_income: -0.02489117

profit_before_income_tax_oku

-2.47555038

total_Other_Comprehensive_Income_proxy_oku

-0.02489117

capital

内容を開く

ordinary_issued: 206315433
ordinary_treasury: 7085130
ordinary_outstanding: 199230303
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 199226941
old_holder_remaining_fraction: 0.999983125057
issuer_shares_repurchased: 1464319
treasury_shares_cancelled: 1464319
sbc_treasury_delivered_shares: 3362
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 1.06999981
old_cohort_dividend_oku: 0
issuer_cash_dividends_oku: 0
issuer_buybacks_oku: 1.06999981

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 1.06999981
cohort_share_of_year_end_nav_oku: 339.75993185
remaining_share_equivalence_factor: 0.999983125057

actions

内容を開く

日付: 2026-11-13
event: Iveco receivable conversion
cash_inflow_oku: 10.56752352
asset_carrying_value_reduction_oku: 10.56752352
ifrs_profit_effect_oku: 0

内容を開く

日付: 2026-12-15
event: pro rata share repurchase
company_cash_oku: 1.06999981
old_holder_cash_oku: 1.06999981
shares_purchased: 1464319

内容を開く

日付: 2026-12-31
event: share-based award delivered
treasury_decrease: 3362
ordinary_outstanding_increase: 3362

内容を開く

日付: 2026-12-31
event: treasury cancellation (ownership neutral)
cancelled_shares: 1464319
old_holder_cash_oku: 0

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2026-11-06
期間末: 2026-12-31
期間日数: 55
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 0
change_in_fair_value_of_investment_activities_FVTPL_oku: -2.18349592
general_and_administrative_expenses_including_SBC_oku: -0.1174538
ga_cash_component_oku: -0.05270363
ga_SBC_non_cash_component_oku: -0.06475017
other_income_expenses_net_oku: 0
financial_income_oku: 0.07143794
financial_expenses_oku: -0.2460386
profit_before_taxes_oku: -2.47555038
income_taxes_oku: -0
profit_after_taxes_oku: -2.47555038
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: -0.02489117
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: -2.18349592
alternative_pre_financing_result_oku: -2.30094972
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2026-12-31
end_inclusive: 2027-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

345.63544596

現金（億）

30.33021941

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

339.76566538

株数

内容を開く

ordinary_issued: 206315433
ordinary_treasury: 7085130
ordinary_outstanding: 199230303
old_holder_remaining_shares: 199226941
old_holder_equivalence_factor: 0.999983125057
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 36.70120502
Christian Louboutin: 5.1364051
Clarivate: 1.28994566
Ferrari: 134.6556559
Institut Merieux: 6.37716547
Juventus: 4.02594083
Lingotto LP interests: 41.36412863
New diversified investment 2027: 0.67453799
Other assets incl bioMerieux: 19.27671722
Philips: 47.6627581
Stellantis: 17.29106095
Tag Holding: 2.23855896
The Economist Group: 3.7305785
Via Transportation: 4.83250976
Welltec: 4.38173237

fair_value_investments_end_oku

329.63890048

company_investment_cash_dividends_oku

2.11779945

dividend_by_investee_oku

内容を開く

CNH: 0.14689938
Christian Louboutin: 0.02448323
Ferrari: 0.72470363
Institut Merieux: 0.04406982
Lingotto LP interests: 0.26931554
Other assets incl bioMerieux: 0.30359206
Philips: 0.53863107
Tag Holding: 0.00734497
The Economist Group: 0.03427652
Welltec: 0.02448323

market_or_private_revaluations_oku

-16.67108347

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

0.67453799

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

-16.47461302

estimated_FVTOCI_mark_through_OCI_oku

-0.19647045

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

0.476276

cash_operating_expenses_oku

0.36025325

sbc_expensed_in_parent_ifrs_profit_oku

0.44259685

noncash_equity_compensation_reserve_credit_oku

0.44259685

cash_income_tax_oku

0.01502551

interest_paid_oku

1.63280164

debt_new_borrowings_oku

0.35

debt_repaid_oku

0.35

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

29.76352374

parent_profit_after_sbc_oku

-16.33121482

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

323.20242422

book_equity_rollforward_oku

内容を開く

begin_equity: 339.76566538
net_profit_after_sbc: -16.33121482
sbc_equity_reserve: 0.44259685
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -0.47815273
cash_buybacks: 0
expected_equity: 323.20242423
difference_oku: -1.0E-8
estimated_FVTOCI_other_comprehensive_income: -0.19647045

profit_before_income_tax_oku

-16.31618931

total_Other_Comprehensive_Income_proxy_oku

-0.19647045

capital

内容を開く

ordinary_issued: 206315433
ordinary_treasury: 7081768
ordinary_outstanding: 199233665
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 199226941
old_holder_remaining_fraction: 0.999966250684
issuer_shares_repurchased: 0
treasury_shares_cancelled: 0
sbc_treasury_delivered_shares: 3362
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 0
old_cohort_dividend_oku: 0.47814466
issuer_cash_dividends_oku: 0.47815273
issuer_buybacks_oku: 0

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 0.47814466
cohort_share_of_year_end_nav_oku: 323.19151636
remaining_share_equivalence_factor: 0.999966250684

actions

内容を開く

日付: 2027-10-15
event: New asset deployment
cost_oku: 0.67453799
asset_adding_oku: 0.67453799

内容を開く

日付: 2027-11-01
event: matched debt refinancing
new_debt_cash_oku: 0.35
principal_repaid_oku: 0.35
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2027-06-30
event: holder dividend
company_cash_oku: 0.47815273
old_holder_cash_oku: 0.47814466

内容を開く

日付: 2027-12-31
event: share-based award delivered
treasury_decrease: 3362
ordinary_outstanding_increase: 3362

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2026-12-31
期間末: 2027-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 2.11779945
change_in_fair_value_of_investment_activities_FVTPL_oku: -16.47461302
general_and_administrative_expenses_including_SBC_oku: -0.8028501
ga_cash_component_oku: -0.36025325
ga_SBC_non_cash_component_oku: -0.44259685
other_income_expenses_net_oku: 0
financial_income_oku: 0.476276
financial_expenses_oku: -1.63280164
profit_before_taxes_oku: -16.31618931
income_taxes_oku: -0.01502551
profit_after_taxes_oku: -16.33121482
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: -0.19647045
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: -14.35681357
alternative_pre_financing_result_oku: -15.15966367
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2027-12-31
end_inclusive: 2028-12-31
actual_days: 366
year_fraction_ACT_36525: 1.00205338809
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

329.63890048

現金（億）

29.76352374

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

323.20242422

株数

内容を開く

ordinary_issued: 206315433
ordinary_treasury: 7081768
ordinary_outstanding: 199233665
old_holder_remaining_shares: 199226941
old_holder_equivalence_factor: 0.999966250684
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 35.5855985
Christian Louboutin: 4.83344406
Clarivate: 1.19300874
Ferrari: 129.03162299
Institut Merieux: 6.02036082
Juventus: 3.79903001
Lingotto LP interests: 38.75460096
New diversified investment 2027: 0.67403105
New diversified investment 2028: 0.67638604
Other assets incl bioMerieux: 17.59154384
Philips: 44.95732067
Stellantis: 16.64134006
Tag Holding: 2.10483967
The Economist Group: 3.45705202
Via Transportation: 4.88698775
Welltec: 4.09326383

fair_value_investments_end_oku

314.30043101

company_investment_cash_dividends_oku

2.19851691

dividend_by_investee_oku

内容を開く

CNH: 0.15024789
Christian Louboutin: 0.02504131
Ferrari: 0.76665702
Institut Merieux: 0.04529532
Lingotto LP interests: 0.27815499
Other assets incl bioMerieux: 0.30899018
Philips: 0.55630998
Tag Holding: 0.00754922
The Economist Group: 0.03522969
Welltec: 0.02504131

market_or_private_revaluations_oku

-16.01485551

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

0.67638604

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

-15.83139224

estimated_FVTOCI_mark_through_OCI_oku

-0.18346327

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

0.47024844

cash_operating_expenses_oku

0.37207745

sbc_expensed_in_parent_ifrs_profit_oku

0.45712373

noncash_equity_compensation_reserve_credit_oku

0.45712373

cash_income_tax_oku

0.01648532

interest_paid_oku

1.63727507

debt_new_borrowings_oku

3.835

debt_repaid_oku

3.835

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

29.26385843

parent_profit_after_sbc_oku

-15.64558846

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

307.36428944

book_equity_rollforward_oku

内容を開く

begin_equity: 323.20242422
net_profit_after_sbc: -15.64558846
sbc_equity_reserve: 0.45712373
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -0.46620678
cash_buybacks: 0
expected_equity: 307.36428944
difference_oku: 0
estimated_FVTOCI_other_comprehensive_income: -0.18346327

profit_before_income_tax_oku

-15.62910314

total_Other_Comprehensive_Income_proxy_oku

-0.18346327

capital

内容を開く

ordinary_issued: 206315433
ordinary_treasury: 6745260
ordinary_outstanding: 199570173
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 199226941
old_holder_remaining_fraction: 0.998280143797
issuer_shares_repurchased: 0
treasury_shares_cancelled: 0
sbc_treasury_delivered_shares: 336508
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 0
old_cohort_dividend_oku: 0.46619104
issuer_cash_dividends_oku: 0.46620678
issuer_buybacks_oku: 0

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 0.46619104
cohort_share_of_year_end_nav_oku: 306.83566706
remaining_share_equivalence_factor: 0.998280143797

actions

内容を開く

日付: 2028-10-13
event: New asset deployment
cost_oku: 0.67638604
asset_adding_oku: 0.67638604

内容を開く

日付: 2028-11-01
event: matched debt refinancing
new_debt_cash_oku: 3.835
principal_repaid_oku: 3.835
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2028-06-30
event: holder dividend
company_cash_oku: 0.46620678
old_holder_cash_oku: 0.46619104

内容を開く

日付: 2028-12-31
event: share-based award delivered
treasury_decrease: 336508
ordinary_outstanding_increase: 336508

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2027-12-31
期間末: 2028-12-31
期間日数: 366
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 2.19851691
change_in_fair_value_of_investment_activities_FVTPL_oku: -15.83139224
general_and_administrative_expenses_including_SBC_oku: -0.82920118
ga_cash_component_oku: -0.37207745
ga_SBC_non_cash_component_oku: -0.45712373
other_income_expenses_net_oku: 0
financial_income_oku: 0.47024844
financial_expenses_oku: -1.63727507
profit_before_taxes_oku: -15.62910314
income_taxes_oku: -0.01648532
profit_after_taxes_oku: -15.64558846
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: -0.18346327
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: -13.63287533
alternative_pre_financing_result_oku: -14.46207651
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2028-12-31
end_inclusive: 2029-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

314.30043101

現金（億）

29.26385843

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

307.36428944

株数

内容を開く

ordinary_issued: 206315433
ordinary_treasury: 6745260
ordinary_outstanding: 199570173
old_holder_remaining_shares: 199226941
old_holder_equivalence_factor: 0.998280143797
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 34.49927333
Christian Louboutin: 4.54713947
Clarivate: 1.10359197
Ferrari: 123.58299284
Institut Merieux: 5.68076329
Juventus: 3.58547665
Lingotto LP interests: 36.29038715
New diversified investment 2027: 0.67352587
New diversified investment 2028: 0.67587909
New diversified investment 2029: 0.67453799
Other assets incl bioMerieux: 16.02620482
Philips: 42.36416064
Stellantis: 16.01770884
Tag Holding: 1.97880435
The Economist Group: 3.20079912
Via Transportation: 4.94192853
Welltec: 3.82235861

fair_value_investments_end_oku

299.66553255

company_investment_cash_dividends_oku

2.2703402

dividend_by_investee_oku

内容を開く

CNH: 0.15283412
Christian Louboutin: 0.02547235
Ferrari: 0.80661326
Institut Merieux: 0.04630085
Lingotto LP interests: 0.28571685
Other assets incl bioMerieux: 0.31276813
Philips: 0.57143371
Tag Holding: 0.00771681
The Economist Group: 0.03601177
Welltec: 0.02547235

market_or_private_revaluations_oku

-15.30943645

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

0.67453799

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

-15.13901944

estimated_FVTOCI_mark_through_OCI_oku

-0.17041701

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

0.46257808

cash_operating_expenses_oku

0.38219267

sbc_expensed_in_parent_ifrs_profit_oku

0.469551

noncash_equity_compensation_reserve_credit_oku

0.469551

cash_income_tax_oku

0.0179481

interest_paid_oku

1.63280164

debt_new_borrowings_oku

3.835

debt_repaid_oku

3.835

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

28.83397696

parent_profit_after_sbc_oku

-14.90859457

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

292.29950951

book_equity_rollforward_oku

内容を開く

begin_equity: 307.36428944
net_profit_after_sbc: -14.90859457
sbc_equity_reserve: 0.469551
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -0.45531935
cash_buybacks: 0
expected_equity: 292.29950951
difference_oku: 0
estimated_FVTOCI_other_comprehensive_income: -0.17041701

profit_before_income_tax_oku

-14.89064647

total_Other_Comprehensive_Income_proxy_oku

-0.17041701

capital

内容を開く

ordinary_issued: 206315433
ordinary_treasury: 6345534
ordinary_outstanding: 199969899
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 199226941
old_holder_remaining_fraction: 0.996284650821
issuer_shares_repurchased: 0
treasury_shares_cancelled: 0
sbc_treasury_delivered_shares: 399726
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 0
old_cohort_dividend_oku: 0.45453627
issuer_cash_dividends_oku: 0.45531935
issuer_buybacks_oku: 0

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 0.45453627
cohort_share_of_year_end_nav_oku: 291.21351476
remaining_share_equivalence_factor: 0.996284650821

actions

内容を開く

日付: 2029-10-15
event: New asset deployment
cost_oku: 0.67453799
asset_adding_oku: 0.67453799

内容を開く

日付: 2029-11-01
event: matched debt refinancing
new_debt_cash_oku: 3.835
principal_repaid_oku: 3.835
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2029-07-02
event: holder dividend
company_cash_oku: 0.45531935
old_holder_cash_oku: 0.45453627

内容を開く

日付: 2029-12-31
event: share-based award delivered
treasury_decrease: 399726
ordinary_outstanding_increase: 399726

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2028-12-31
期間末: 2029-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 2.2703402
change_in_fair_value_of_investment_activities_FVTPL_oku: -15.13901944
general_and_administrative_expenses_including_SBC_oku: -0.85174367
ga_cash_component_oku: -0.38219267
ga_SBC_non_cash_component_oku: -0.469551
other_income_expenses_net_oku: 0
financial_income_oku: 0.46257808
financial_expenses_oku: -1.63280164
profit_before_taxes_oku: -14.89064647
income_taxes_oku: -0.0179481
profit_after_taxes_oku: -14.90859457
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: -0.17041701
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: -12.86867924
alternative_pre_financing_result_oku: -13.72042291
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2029-12-31
end_inclusive: 2030-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

299.66553255

現金（億）

28.83397696

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

292.29950951

株数

内容を開く

ordinary_issued: 206315433
ordinary_treasury: 6345534
ordinary_outstanding: 199969899
old_holder_remaining_shares: 199226941
old_holder_equivalence_factor: 0.996284650821
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 33.43838826
Christian Louboutin: 4.27577559
Clarivate: 1.02087705
Ferrari: 118.28601784
Institut Merieux: 5.35655257
Juventus: 3.38392768
Lingotto LP interests: 33.9561217
New diversified investment 2027: 0.67302107
New diversified investment 2028: 0.67537253
New diversified investment 2029: 0.67403243
New diversified investment 2030: 0.67453799
Other assets incl bioMerieux: 14.56763113
Philips: 39.87047176
Stellantis: 15.28523864
Tag Holding: 1.85966088
The Economist Group: 2.95997123
Via Transportation: 4.99748695
Welltec: 3.56718746

fair_value_investments_end_oku

285.52227274

company_investment_cash_dividends_oku

2.48364573

dividend_by_investee_oku

内容を開く

CNH: 0.1558908
Christian Louboutin: 0.0259818
Ferrari: 0.85097698
Institut Merieux: 0.04745837
Lingotto LP interests: 0.29428836
Other assets incl bioMerieux: 0.31745965
Philips: 0.58857672
Stellantis: 0.13220945
Tag Holding: 0.00790973
The Economist Group: 0.03691207
Welltec: 0.0259818

market_or_private_revaluations_oku

-14.8177978

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

0.67453799

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

-14.65900423

estimated_FVTOCI_mark_through_OCI_oku

-0.15879357

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

0.45933166

cash_operating_expenses_oku

0.39365845

sbc_expensed_in_parent_ifrs_profit_oku

0.48363753

noncash_equity_compensation_reserve_credit_oku

0.48363753

cash_income_tax_oku

0.02291293

interest_paid_oku

1.63280164

debt_new_borrowings_oku

3.835

debt_repaid_oku

3.835

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

38.60821776

parent_profit_after_sbc_oku

-14.24903739

equity_issuance_cash_oku

9.99999998

option_exercise_cash_oku

ordinary_equity_end_oku

287.9304905

book_equity_rollforward_oku

内容を開く

begin_equity: 292.29950951
net_profit_after_sbc: -14.24903739
sbc_equity_reserve: 0.48363753
third_party_issue: 9.99999998
stock_option_cash_exercise: 0
cash_dividends: -0.44482554
cash_buybacks: 0
expected_equity: 287.93049052
difference_oku: -2.0E-8
estimated_FVTOCI_other_comprehensive_income: -0.15879357

profit_before_income_tax_oku

-14.22612446

total_Other_Comprehensive_Income_proxy_oku

-0.15879357

capital

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 5945808
ordinary_outstanding: 217644657
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 199226941
old_holder_remaining_fraction: 0.915377127774
issuer_shares_repurchased: 0
treasury_shares_cancelled: 0
sbc_treasury_delivered_shares: 399726
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 17275032
old_cohort_tender_proceeds_oku: 0
old_cohort_dividend_oku: 0.44317286
issuer_cash_dividends_oku: 0.44482554
issuer_buybacks_oku: 0

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 0.44317286
cohort_share_of_year_end_nav_oku: 263.56498539
remaining_share_equivalence_factor: 0.915377127774

actions

内容を開く

日付: 2030-10-15
event: New asset deployment
cost_oku: 0.67453799
asset_adding_oku: 0.67453799

内容を開く

日付: 2030-11-01
event: matched debt refinancing
new_debt_cash_oku: 3.835
principal_repaid_oku: 3.835
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2030-07-01
event: holder dividend
company_cash_oku: 0.44482554
old_holder_cash_oku: 0.44317286

内容を開く

日付: 2030-07-15
event: third-party issuance
new_shares: 17275032
company_cash_oku: 9.99999998
shareholder_cash_oku: 0

内容を開く

日付: 2030-12-31
event: share-based award delivered
treasury_decrease: 399726
ordinary_outstanding_increase: 399726

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2029-12-31
期間末: 2030-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 2.48364573
change_in_fair_value_of_investment_activities_FVTPL_oku: -14.65900423
general_and_administrative_expenses_including_SBC_oku: -0.87729598
ga_cash_component_oku: -0.39365845
ga_SBC_non_cash_component_oku: -0.48363753
other_income_expenses_net_oku: 0
financial_income_oku: 0.45933166
financial_expenses_oku: -1.63280164
profit_before_taxes_oku: -14.22612446
income_taxes_oku: -0.02291293
profit_after_taxes_oku: -14.24903739
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: -0.15879357
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: -12.1753585
alternative_pre_financing_result_oku: -13.05265448
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2030-12-31
end_inclusive: 2031-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

285.52227274

現金（億）

38.60821776

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

287.9304905

株数

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 5945808
ordinary_outstanding: 217644657
old_holder_remaining_shares: 199226941
old_holder_equivalence_factor: 0.915377127774
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 32.40221479
Christian Louboutin: 4.01853596
Clarivate: 0.94436166
Ferrari: 113.13280205
Institut Merieux: 5.04695011
Juventus: 3.1937083
Lingotto LP interests: 31.74424274
New diversified investment 2027: 0.67251665
New diversified investment 2028: 0.67486635
New diversified investment 2029: 0.67352725
New diversified investment 2030: 0.67403243
New diversified investment 2031: 0.34976044
Other assets incl bioMerieux: 13.20815038
Philips: 37.47126652
Stellantis: 14.57492925
Tag Holding: 1.74701703
The Economist Group: 2.73356315
Via Transportation: 5.05366999
Welltec: 3.32679679

fair_value_investments_end_oku

271.64291183

company_investment_cash_dividends_oku

2.57344978

dividend_by_investee_oku

内容を開く

CNH: 0.15900862
Christian Louboutin: 0.02650144
Ferrari: 0.89778072
Institut Merieux: 0.04864483
Lingotto LP interests: 0.30311701
Other assets incl bioMerieux: 0.32222155
Philips: 0.60623402
Stellantis: 0.13749782
Tag Holding: 0.00810747
The Economist Group: 0.03783487
Welltec: 0.02650144

market_or_private_revaluations_oku

-14.22912135

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

0.34976044

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

-14.08111594

estimated_FVTOCI_mark_through_OCI_oku

-0.14800541

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

0.61205939

cash_operating_expenses_oku

0.40546821

sbc_expensed_in_parent_ifrs_profit_oku

0.49814666

noncash_equity_compensation_reserve_credit_oku

0.49814666

cash_income_tax_oku

0.02868098

interest_paid_oku

1.63280164

debt_new_borrowings_oku

3.835

debt_repaid_oku

3.835

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

38.90497684

parent_profit_after_sbc_oku

-13.46070426

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

274.34788867

book_equity_rollforward_oku

内容を開く

begin_equity: 287.9304905
net_profit_after_sbc: -13.46070426
sbc_equity_reserve: 0.49814666
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -0.47203882
cash_buybacks: 0
expected_equity: 274.34788867
difference_oku: 0
estimated_FVTOCI_other_comprehensive_income: -0.14800541

profit_before_income_tax_oku

-13.43202328

total_Other_Comprehensive_Income_proxy_oku

-0.14800541

capital

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 5546082
ordinary_outstanding: 218044383
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 199226941
old_holder_remaining_fraction: 0.913699028881
issuer_shares_repurchased: 0
treasury_shares_cancelled: 0
sbc_treasury_delivered_shares: 399726
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 0
old_cohort_dividend_oku: 0.43209354
issuer_cash_dividends_oku: 0.47203882
issuer_buybacks_oku: 0

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 0.43209354
cohort_share_of_year_end_nav_oku: 250.67139945
remaining_share_equivalence_factor: 0.913699028881

actions

内容を開く

日付: 2031-10-15
event: New asset deployment
cost_oku: 0.34976044
asset_adding_oku: 0.34976044

内容を開く

日付: 2031-11-01
event: matched debt refinancing
new_debt_cash_oku: 3.835
principal_repaid_oku: 3.835
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2031-06-30
event: holder dividend
company_cash_oku: 0.47203882
old_holder_cash_oku: 0.43209354

内容を開く

日付: 2031-12-31
event: share-based award delivered
treasury_decrease: 399726
ordinary_outstanding_increase: 399726

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2030-12-31
期間末: 2031-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 2.57344978
change_in_fair_value_of_investment_activities_FVTPL_oku: -14.08111594
general_and_administrative_expenses_including_SBC_oku: -0.90361487
ga_cash_component_oku: -0.40546821
ga_SBC_non_cash_component_oku: -0.49814666
other_income_expenses_net_oku: 0
financial_income_oku: 0.61205939
financial_expenses_oku: -1.63280164
profit_before_taxes_oku: -13.43202328
income_taxes_oku: -0.02868098
profit_after_taxes_oku: -13.46070426
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: -0.14800541
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: -11.50766616
alternative_pre_financing_result_oku: -12.41128103
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2031-12-31
end_inclusive: 2032-12-31
actual_days: 366
year_fraction_ACT_36525: 1.00205338809
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

271.64291183

現金（億）

38.90497684

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

274.34788867

株数

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 5546082
ordinary_outstanding: 218044383
old_holder_remaining_shares: 199226941
old_holder_equivalence_factor: 0.913699028881
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 31.38730016
Christian Louboutin: 3.77399619
Clarivate: 0.87339471
Ferrari: 108.10205725
Institut Merieux: 4.75042106
Juventus: 3.01370392
Lingotto LP interests: 29.64200196
New diversified investment 2027: 0.67201123
New diversified investment 2028: 0.67435916
New diversified investment 2029: 0.67302107
New diversified investment 2030: 0.67352587
New diversified investment 2031: 0.34949758
New diversified investment 2032: 0.35071869
Other assets incl bioMerieux: 11.93725703
Philips: 35.15554456
Stellantis: 13.88387895
Tag Holding: 1.64021841
The Economist Group: 2.52006536
Via Transportation: 5.11064117
Welltec: 3.09968616

fair_value_investments_end_oku

258.28330047

company_investment_cash_dividends_oku

2.67435337

dividend_by_investee_oku

内容を開く

CNH: 0.16263314
Christian Louboutin: 0.02710552
Ferrari: 0.94975361
Institut Merieux: 0.04999756
Lingotto LP interests: 0.31306589
Other assets incl bioMerieux: 0.32795091
Philips: 0.62613178
Stellantis: 0.14338951
Tag Holding: 0.00833293
The Economist Group: 0.03888699
Welltec: 0.02710552

market_or_private_revaluations_oku

-13.71033005

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

0.35071869

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

-13.57196907

estimated_FVTOCI_mark_through_OCI_oku

-0.13836098

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

0.61969905

cash_operating_expenses_oku

0.41877645

sbc_expensed_in_parent_ifrs_profit_oku

0.51449678

noncash_equity_compensation_reserve_credit_oku

0.51449678

cash_income_tax_oku

0.03095002

interest_paid_oku

1.63727507

debt_new_borrowings_oku

1.00205339

debt_repaid_oku

1.00205339

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

39.3002259

parent_profit_after_sbc_oku

-12.87941497

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

261.38352638

book_equity_rollforward_oku

内容を開く

begin_equity: 274.34788867
net_profit_after_sbc: -12.87941497
sbc_equity_reserve: 0.51449678
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -0.46108312
cash_buybacks: 0
expected_equity: 261.38352638
difference_oku: 0
estimated_FVTOCI_other_comprehensive_income: -0.13836098

profit_before_income_tax_oku

-12.84846495

total_Other_Comprehensive_Income_proxy_oku

-0.13836098

capital

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 5145261
ordinary_outstanding: 218445204
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 199226941
old_holder_remaining_fraction: 0.912022499702
issuer_shares_repurchased: 0
treasury_shares_cancelled: 0
sbc_treasury_delivered_shares: 400821
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 0
old_cohort_dividend_oku: 0.4212912
issuer_cash_dividends_oku: 0.46108312
issuer_buybacks_oku: 0

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 0.4212912
cohort_share_of_year_end_nav_oku: 238.38765711
remaining_share_equivalence_factor: 0.912022499702

actions

内容を開く

日付: 2032-10-15
event: New asset deployment
cost_oku: 0.35071869
asset_adding_oku: 0.35071869

内容を開く

日付: 2032-11-01
event: matched debt refinancing
new_debt_cash_oku: 1.00205339
principal_repaid_oku: 1.00205339
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2032-06-30
event: holder dividend
company_cash_oku: 0.46108312
old_holder_cash_oku: 0.4212912

内容を開く

日付: 2032-12-31
event: share-based award delivered
treasury_decrease: 400821
ordinary_outstanding_increase: 400821

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2031-12-31
期間末: 2032-12-31
期間日数: 366
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 2.67435337
change_in_fair_value_of_investment_activities_FVTPL_oku: -13.57196907
general_and_administrative_expenses_including_SBC_oku: -0.93327323
ga_cash_component_oku: -0.41877645
ga_SBC_non_cash_component_oku: -0.51449678
other_income_expenses_net_oku: 0
financial_income_oku: 0.61969905
financial_expenses_oku: -1.63727507
profit_before_taxes_oku: -12.84846495
income_taxes_oku: -0.03095002
profit_after_taxes_oku: -12.87941497
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: -0.13836098
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: -10.8976157
alternative_pre_financing_result_oku: -11.83088893
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2032-12-31
end_inclusive: 2033-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

258.28330047

現金（億）

39.3002259

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

261.38352638

株数

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 5145261
ordinary_outstanding: 218445204
old_holder_remaining_shares: 199226941
old_holder_equivalence_factor: 0.912022499702
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 30.39850744
Christian Louboutin: 3.54276396
Clarivate: 0.80793322
Ferrari: 103.21374601
Institut Merieux: 4.46788515
Juventus: 2.84429578
Lingotto LP interests: 27.65417106
New diversified investment 2027: 0.67150756
New diversified investment 2028: 0.67385374
New diversified investment 2029: 0.67251665
New diversified investment 2030: 0.67302107
New diversified investment 2031: 0.34923564
New diversified investment 2032: 0.35045583
New diversified investment 2033: 0.34976044
Other assets incl bioMerieux: 10.75532769
Philips: 32.93144948
Stellantis: 13.21486545
Tag Holding: 1.53949955
The Economist Group: 2.31976731
Via Transportation: 5.16809631
Welltec: 2.8862563

fair_value_investments_end_oku

245.48491563

company_investment_cash_dividends_oku

2.76461363

dividend_by_investee_oku

内容を開く

CNH: 0.16543257
Christian Louboutin: 0.02757209
Ferrari: 0.99925238
Institut Merieux: 0.05110747
Lingotto LP interests: 0.32157684
Other assets incl bioMerieux: 0.33196069
Philips: 0.64315367
Stellantis: 0.14871765
Tag Holding: 0.00851791
The Economist Group: 0.03975026
Welltec: 0.02757209

market_or_private_revaluations_oku

-13.14814528

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

0.34976044

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

-13.01946973

estimated_FVTOCI_mark_through_OCI_oku

-0.12867555

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

0.6252979

cash_operating_expenses_oku

0.43016122

sbc_expensed_in_parent_ifrs_profit_oku

0.52848379

noncash_equity_compensation_reserve_credit_oku

0.52848379

cash_income_tax_oku

0.03317372

interest_paid_oku

1.63280164

debt_new_borrowings_oku

0.99931554

debt_repaid_oku

0.99931554

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

39.79385797

parent_profit_after_sbc_oku

-12.25417857

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

249.0787736

book_equity_rollforward_oku

内容を開く

begin_equity: 261.38352638
net_profit_after_sbc: -12.25417857
sbc_equity_reserve: 0.52848379
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -0.45038244
cash_buybacks: 0
expected_equity: 249.07877361
difference_oku: -1.0E-8
estimated_FVTOCI_other_comprehensive_income: -0.12867555

profit_before_income_tax_oku

-12.22100485

total_Other_Comprehensive_Income_proxy_oku

-0.12867555

capital

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 4745535
ordinary_outstanding: 218844930
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 199226941
old_holder_remaining_fraction: 0.910356666705
issuer_shares_repurchased: 0
treasury_shares_cancelled: 0
sbc_treasury_delivered_shares: 399726
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 0
old_cohort_dividend_oku: 0.41075892
issuer_cash_dividends_oku: 0.45038244
issuer_buybacks_oku: 0

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 0.41075892
cohort_share_of_year_end_nav_oku: 226.75052209
remaining_share_equivalence_factor: 0.910356666705

actions

内容を開く

日付: 2033-10-14
event: New asset deployment
cost_oku: 0.34976044
asset_adding_oku: 0.34976044

内容を開く

日付: 2033-11-01
event: matched debt refinancing
new_debt_cash_oku: 0.99931554
principal_repaid_oku: 0.99931554
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2033-06-30
event: holder dividend
company_cash_oku: 0.45038244
old_holder_cash_oku: 0.41075892

内容を開く

日付: 2033-12-31
event: share-based award delivered
treasury_decrease: 399726
ordinary_outstanding_increase: 399726

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2032-12-31
期間末: 2033-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 2.76461363
change_in_fair_value_of_investment_activities_FVTPL_oku: -13.01946973
general_and_administrative_expenses_including_SBC_oku: -0.95864501
ga_cash_component_oku: -0.43016122
ga_SBC_non_cash_component_oku: -0.52848379
other_income_expenses_net_oku: 0
financial_income_oku: 0.6252979
financial_expenses_oku: -1.63280164
profit_before_taxes_oku: -12.22100485
income_taxes_oku: -0.03317372
profit_after_taxes_oku: -12.25417857
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: -0.12867555
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: -10.2548561
alternative_pre_financing_result_oku: -11.21350111
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2033-12-31
end_inclusive: 2034-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

245.48491563

現金（億）

39.79385797

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

249.0787736

株数

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 4745535
ordinary_outstanding: 218844930
old_holder_remaining_shares: 199226941
old_holder_equivalence_factor: 0.910356666705
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 29.43234435
Christian Louboutin: 3.32345851
Clarivate: 0.74737811
Ferrari: 98.44633684
Institut Merieux: 4.19783598
Juventus: 2.68441051
Lingotto LP interests: 25.76843401
New diversified investment 2027: 0.67100428
New diversified investment 2028: 0.67334869
New diversified investment 2029: 0.67201261
New diversified investment 2030: 0.67251665
New diversified investment 2031: 0.34897389
New diversified investment 2032: 0.35019316
New diversified investment 2033: 0.3494983
New diversified investment 2034: 0.34976044
Other assets incl bioMerieux: 9.65257587
Philips: 30.78807714
Stellantis: 12.56497439
Tag Holding: 1.44422941
The Economist Group: 2.13123606
Via Transportation: 5.22619738
Welltec: 2.68507229

fair_value_investments_end_oku

233.17986886

company_investment_cash_dividends_oku

2.86633847

dividend_by_investee_oku

内容を開く

CNH: 0.16874122
Christian Louboutin: 0.02812354
Ferrari: 1.05421127
Institut Merieux: 0.05238516
Lingotto LP interests: 0.33122414
Other assets incl bioMerieux: 0.3369401
Philips: 0.66244828
Stellantis: 0.15466635
Tag Holding: 0.00873086
The Economist Group: 0.04074401
Welltec: 0.02812354

market_or_private_revaluations_oku

-12.65480721

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

0.34976044

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

-12.53475164

estimated_FVTOCI_mark_through_OCI_oku

-0.12005557

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

0.63422214

cash_operating_expenses_oku

0.44306606

sbc_expensed_in_parent_ifrs_profit_oku

0.5443383

noncash_equity_compensation_reserve_credit_oku

0.5443383

cash_income_tax_oku

0.03561732

interest_paid_oku

1.63280164

debt_new_borrowings_oku

0.99931554

debt_repaid_oku

0.99931554

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

40.3932467

parent_profit_after_sbc_oku

-11.69001435

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

237.37311557

book_equity_rollforward_oku

内容を開く

begin_equity: 249.0787736
net_profit_after_sbc: -11.69001435
sbc_equity_reserve: 0.5443383
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -0.43992642
cash_buybacks: 0
expected_equity: 237.37311556
difference_oku: 1.0E-8
estimated_FVTOCI_other_comprehensive_income: -0.12005557

profit_before_income_tax_oku

-11.65439703

total_Other_Comprehensive_Income_proxy_oku

-0.12005557

capital

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 4345809
ordinary_outstanding: 219244656
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 199226941
old_holder_remaining_fraction: 0.908696907988
issuer_shares_repurchased: 0
treasury_shares_cancelled: 0
sbc_treasury_delivered_shares: 399726
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 0
old_cohort_dividend_oku: 0.40048995
issuer_cash_dividends_oku: 0.43992642
issuer_buybacks_oku: 0

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 0.40048995
cohort_share_of_year_end_nav_oku: 215.70021615
remaining_share_equivalence_factor: 0.908696907988

actions

内容を開く

日付: 2034-10-13
event: New asset deployment
cost_oku: 0.34976044
asset_adding_oku: 0.34976044

内容を開く

日付: 2034-11-01
event: matched debt refinancing
new_debt_cash_oku: 0.99931554
principal_repaid_oku: 0.99931554
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2034-06-30
event: holder dividend
company_cash_oku: 0.43992642
old_holder_cash_oku: 0.40048995

内容を開く

日付: 2034-12-31
event: share-based award delivered
treasury_decrease: 399726
ordinary_outstanding_increase: 399726

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2033-12-31
期間末: 2034-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 2.86633847
change_in_fair_value_of_investment_activities_FVTPL_oku: -12.53475164
general_and_administrative_expenses_including_SBC_oku: -0.98740436
ga_cash_component_oku: -0.44306606
ga_SBC_non_cash_component_oku: -0.5443383
other_income_expenses_net_oku: 0
financial_income_oku: 0.63422214
financial_expenses_oku: -1.63280164
profit_before_taxes_oku: -11.65439703
income_taxes_oku: -0.03561732
profit_after_taxes_oku: -11.69001435
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: -0.12005557
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: -9.66841317
alternative_pre_financing_result_oku: -10.65581753
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2034-12-31
end_inclusive: 2035-12-31
actual_days: 365
year_fraction_ACT_36525: 0.999315537303
kind: full_calendar_year

opening

内容を開く

portfolio_assets_oku

233.17986886

現金（億）

40.3932467

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

237.37311557

株数

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 4345809
ordinary_outstanding: 219244656
old_holder_remaining_shares: 199226941
old_holder_equivalence_factor: 0.908696907988
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 28.48815109
Christian Louboutin: 3.11542521
Clarivate: 0.69136164
Ferrari: 93.79245744
Institut Merieux: 3.93963328
Juventus: 2.53351281
Lingotto LP interests: 23.97876242
New diversified investment 2027: 0.67050137
New diversified investment 2028: 0.67284403
New diversified investment 2029: 0.67150894
New diversified investment 2030: 0.67201261
New diversified investment 2031: 0.34871234
New diversified investment 2032: 0.3499307
New diversified investment 2033: 0.34923635
New diversified investment 2034: 0.3494983
New diversified investment 2035: 0.34976044
Other assets incl bioMerieux: 8.6232892
Philips: 28.72121858
Stellantis: 11.93325124
Tag Holding: 1.35409639
The Economist Group: 1.95369712
Via Transportation: 5.28495163
Welltec: 2.49538884

fair_value_investments_end_oku

221.33920196

company_investment_cash_dividends_oku

2.97241728

dividend_by_investee_oku

内容を開く

CNH: 0.17211604
Christian Louboutin: 0.02868601
Ferrari: 1.11219288
Institut Merieux: 0.05369479
Lingotto LP interests: 0.34116087
Other assets incl bioMerieux: 0.34199421
Philips: 0.68232173
Stellantis: 0.16085301
Tag Holding: 0.00894913
The Economist Group: 0.04176261
Welltec: 0.02868601

market_or_private_revaluations_oku

-12.19042734

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

0.34976044

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

-12.07836985

estimated_FVTOCI_mark_through_OCI_oku

-0.11205749

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

0.64479691

cash_operating_expenses_oku

0.45635804

sbc_expensed_in_parent_ifrs_profit_oku

0.56066845

noncash_equity_compensation_reserve_credit_oku

0.56066845

cash_income_tax_oku

0.03820136

interest_paid_oku

1.63280164

debt_new_borrowings_oku

0.99931554

debt_repaid_oku

0.99931554

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

41.10362771

parent_profit_after_sbc_oku

-11.14918515

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

226.24282967

book_equity_rollforward_oku

内容を開く

begin_equity: 237.37311557
net_profit_after_sbc: -11.14918515
sbc_equity_reserve: 0.56066845
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -0.42971171
cash_buybacks: 0
expected_equity: 226.24282967
difference_oku: -0
estimated_FVTOCI_other_comprehensive_income: -0.11205749

profit_before_income_tax_oku

-11.11098379

total_Other_Comprehensive_Income_proxy_oku

-0.11205749

capital

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 3946083
ordinary_outstanding: 219644382
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 199226941
old_holder_remaining_fraction: 0.907043190388
issuer_shares_repurchased: 0
treasury_shares_cancelled: 0
sbc_treasury_delivered_shares: 399726
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 0
old_cohort_dividend_oku: 0.3904777
issuer_cash_dividends_oku: 0.42971171
issuer_buybacks_oku: 0

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 0.3904777
cohort_share_of_year_end_nav_oku: 205.21201803
remaining_share_equivalence_factor: 0.907043190388

actions

内容を開く

日付: 2035-10-15
event: New asset deployment
cost_oku: 0.34976044
asset_adding_oku: 0.34976044

内容を開く

日付: 2035-11-01
event: matched debt refinancing
new_debt_cash_oku: 0.99931554
principal_repaid_oku: 0.99931554
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2035-07-02
event: holder dividend
company_cash_oku: 0.42971171
old_holder_cash_oku: 0.3904777

内容を開く

日付: 2035-12-31
event: share-based award delivered
treasury_decrease: 399726
ordinary_outstanding_increase: 399726

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2034-12-31
期間末: 2035-12-31
期間日数: 365
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 2.97241728
change_in_fair_value_of_investment_activities_FVTPL_oku: -12.07836985
general_and_administrative_expenses_including_SBC_oku: -1.01702649
ga_cash_component_oku: -0.45635804
ga_SBC_non_cash_component_oku: -0.56066845
other_income_expenses_net_oku: 0
financial_income_oku: 0.64479691
financial_expenses_oku: -1.63280164
profit_before_taxes_oku: -11.11098379
income_taxes_oku: -0.03820136
profit_after_taxes_oku: -11.14918515
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: -0.11205749
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: -9.10595257
alternative_pre_financing_result_oku: -10.12297906
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

内容を開く

period

内容を開く

start_exclusive: 2035-12-31
end_inclusive: 2036-11-06
actual_days: 311
year_fraction_ACT_36525: 0.851471594798
kind: terminal_stub

opening

内容を開く

portfolio_assets_oku

221.33920196

現金（億）

41.10362771

gross_notes_and_financing_debt_oku

35.52

other_liabilities_oku

0.68

parent_book_equity_oku

226.24282967

株数

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 3946083
ordinary_outstanding: 219644382
old_holder_remaining_shares: 199226941
old_holder_equivalence_factor: 0.907043190388
special_voting_ordinary_economic_shares: 0

investments

内容を開く

asset_values_oku

内容を開く

CNH: 27.70056945
Christian Louboutin: 2.94666204
Clarivate: 0.64695776
Ferrari: 89.90987494
Institut Merieux: 3.72860403
Juventus: 2.41165136
Lingotto LP interests: 22.52598044
New diversified investment 2027: 0.67007316
New diversified investment 2028: 0.67241432
New diversified investment 2029: 0.67108009
New diversified investment 2030: 0.67158343
New diversified investment 2031: 0.34848964
New diversified investment 2032: 0.34970722
New diversified investment 2033: 0.34901332
New diversified investment 2034: 0.34927509
New diversified investment 2035: 0.34953707
New diversified investment 2036: 0.29801506
Other assets incl bioMerieux: 7.80152162
Philips: 27.01817059
Stellantis: 11.40860584
Tag Holding: 1.28114885
The Economist Group: 1.81065947
Via Transportation: 5.33553436
Welltec: 2.34239125

fair_value_investments_end_oku

211.5975204

company_investment_cash_dividends_oku

2.62693293

dividend_by_investee_oku

内容を開く

CNH: 0.14958534
Christian Louboutin: 0.02493089
Ferrari: 0.99976999
Institut Merieux: 0.04689468
Lingotto LP interests: 0.29940838
Other assets incl bioMerieux: 0.29576877
Philips: 0.59881677
Stellantis: 0.1425378
Tag Holding: 0.00781578
The Economist Group: 0.03647364
Welltec: 0.02493089

market_or_private_revaluations_oku

-10.03969662

asset_sales_cash_oku

assets_sold

記載なし

new_investment_cash_deployed_oku

0.29801506

company_portfolio_reinvestment_is_purchase_of_new_assets_not_an_expense

はい

estimated_FVTPL_fair_value_change_oku

-9.95023154

estimated_FVTOCI_mark_through_OCI_oku

-0.08946508

market_or_private_revaluations_includes_FVTOCI_OCI

はい

holding_company

内容を開く

cash_interest_received_oku

0.55472368

cash_operating_expenses_oku

0.40050732

sbc_expensed_in_parent_ifrs_profit_oku

0.49205185

noncash_equity_compensation_reserve_credit_oku

0.49205185

cash_income_tax_oku

0.03474782

interest_paid_oku

1.39123647

debt_new_borrowings_oku

0.85147159

debt_repaid_oku

0.85147159

gross_debt_end_oku

35.52

other_liabilities_oku

0.68

cash_end_oku

41.74104488

parent_profit_after_sbc_oku

-9.08711839

equity_issuance_cash_oku

option_exercise_cash_oku

ordinary_equity_end_oku

217.13856527

book_equity_rollforward_oku

内容を開く

begin_equity: 226.24282967
net_profit_after_sbc: -9.08711839
sbc_equity_reserve: 0.49205185
third_party_issue: 0
stock_option_cash_exercise: 0
cash_dividends: -0.41973277
cash_buybacks: 0
expected_equity: 217.13856528
difference_oku: -1.0E-8
estimated_FVTOCI_other_comprehensive_income: -0.08946508

profit_before_income_tax_oku

-9.05237057

total_Other_Comprehensive_Income_proxy_oku

-0.08946508

capital

内容を開く

ordinary_issued: 223590465
ordinary_treasury: 3946083
ordinary_outstanding: 219644382
special_voting_shares_have_no_ordinary_cash_dividends: はい
old_holder_remaining_shares_equivalent: 199226941
old_holder_remaining_fraction: 0.907043190388
issuer_shares_repurchased: 0
treasury_shares_cancelled: 0
sbc_treasury_delivered_shares: 0
2026_grant_PSO_exercised_from_treasury_shares: 0
cash_issued_shares: 0
old_cohort_tender_proceeds_oku: 0
old_cohort_dividend_oku: 0.38071576
issuer_cash_dividends_oku: 0.41973277
issuer_buybacks_oku: 0

holder

actual_cash_paid_to_initial_cohort_this_period_oku: 0.38071576
cohort_share_of_year_end_nav_oku: 196.954057
remaining_share_equivalence_factor: 0.907043190388

actions

内容を開く

日付: 2036-10-01
event: New asset deployment
cost_oku: 0.29801506
asset_adding_oku: 0.29801506

内容を開く

日付: 2036-10-01
event: matched debt refinancing
new_debt_cash_oku: 0.85147159
principal_repaid_oku: 0.85147159
net_cash_change_oku: 0
holdco_debt_change_oku: 0

内容を開く

日付: 2036-06-30
event: holder dividend
company_cash_oku: 0.41973277
old_holder_cash_oku: 0.38071576

状態

projection_all_rows_despite_2026_06_30_last_IFRS_report

IFRS_investment_entity_profit_loss_bridge

内容を開く

model_status: forecast_ifrs_style_line_items_not_published_IFRS_results
scope: Exor consolidated investment entity; controlled investees FVTPL, NOT underlying investees revenue
期間開始（翌日から）: 2035-12-31
期間末: 2036-11-06
期間日数: 311
sales_revenue_oku: 未確認
営業利益（億）: 未確認
sales_operating_profit_support: not_reported_as_standard_IFRS_lines_in_Exor_income_statement
dividend_income_oku: 2.62693293
change_in_fair_value_of_investment_activities_FVTPL_oku: -9.95023154
general_and_administrative_expenses_including_SBC_oku: -0.89255917
ga_cash_component_oku: -0.40050732
ga_SBC_non_cash_component_oku: -0.49205185
other_income_expenses_net_oku: 0
financial_income_oku: 0.55472368
financial_expenses_oku: -1.39123647
profit_before_taxes_oku: -9.05237057
income_taxes_oku: -0.03474782
profit_after_taxes_oku: -9.08711839
estimated_FVTOCI_value_change_in_OCI_not_PnL_oku: -0.08946508
pre_tax_sum_difference_oku: 0
net_sum_difference_oku: 0
company_book_equity_change_from_profit_plus_OCI_plus_SBC_credit_reconciled: はい
FVTPL_FVTOCI_proxy_assumption: 2.32/21.31 share of 2026-06-30 broad Other GAV bucket allocated to FVTOCI mark changes; not a verified security level mapping
alternative_investment_activity_income_oku: -7.32329861
alternative_pre_financing_result_oku: -8.21585778
alternative_accounting_data_are_not_IFRS_sales_or_IFRS_EBIT: はい
do_not_readd_SBC_to_pre_tax_profit: はい
portfolio_realized_sale_proceeds_not_added_to_investment_income_without_gain: はい

terminal

内容を開く

日付

2036-11-06

day_count

3653

year_ACT_36525

10.001368925394

investee_fundamental

内容を開く

Ferrari

内容を開く

2036_book_mark_oku: 89.90987494
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 22.14358927
2037_net_owner_FCFE_oku: 2.0593538
cost_of_equity: 0.112
perpetual_growth: 0.019
base_2027_fcfe_oku: 2.9
annual_owner_fcfe_growth: -0.036
book_to_intrinsic_difference_oku: -67.76628567

Philips

内容を開く

2036_book_mark_oku: 27.01817059
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 10.92482645
2037_net_owner_FCFE_oku: 1.12525712
cost_of_equity: 0.115
perpetual_growth: 0.012
base_2027_fcfe_oku: 1.75
annual_owner_fcfe_growth: -0.045
book_to_intrinsic_difference_oku: -16.09334414

CNH

内容を開く

2036_book_mark_oku: 27.70056945
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 7.2360066
2037_net_owner_FCFE_oku: 0.81766875
cost_of_equity: 0.125
perpetual_growth: 0.012
base_2027_fcfe_oku: 1.05
annual_owner_fcfe_growth: -0.02625
book_to_intrinsic_difference_oku: -20.46456285

Stellantis

内容を開く

2036_book_mark_oku: 11.40860584
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 7.34033743
2037_net_owner_FCFE_oku: 0.9028615
cost_of_equity: 0.135
perpetual_growth: 0.012
base_2027_fcfe_oku: 1.3
annual_owner_fcfe_growth: -0.0375
book_to_intrinsic_difference_oku: -4.06826841

Juventus

内容を開く

2036_book_mark_oku: 2.41165136
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 0.87155634
2037_net_owner_FCFE_oku: 0.12463256
cost_of_equity: 0.145
perpetual_growth: 0.002
base_2027_fcfe_oku: 0.22
annual_owner_fcfe_growth: -0.05625
book_to_intrinsic_difference_oku: -1.54009502

Via Transportation

内容を開く

2036_book_mark_oku: 5.33553436
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 0.79838075
2037_net_owner_FCFE_oku: 0.10219274
cost_of_equity: 0.145
perpetual_growth: 0.017
base_2027_fcfe_oku: 0.09
annual_owner_fcfe_growth: 0.01125
book_to_intrinsic_difference_oku: -4.53715361

Clarivate

内容を開く

2036_book_mark_oku: 0.64695776
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 0.47118704
2037_net_owner_FCFE_oku: 0.06973568
cost_of_equity: 0.15
perpetual_growth: 0.002
base_2027_fcfe_oku: 0.15
annual_owner_fcfe_growth: -0.075
book_to_intrinsic_difference_oku: -0.17577072

Institut Merieux

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2036_book_mark_oku: 3.72860403
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 2.34512914
2037_net_owner_FCFE_oku: 0.26030934
cost_of_equity: 0.125
perpetual_growth: 0.014
base_2027_fcfe_oku: 0.42
annual_owner_fcfe_growth: -0.04875
book_to_intrinsic_difference_oku: -1.38347489

Christian Louboutin

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2036_book_mark_oku: 2.94666204
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 1.47626658
2037_net_owner_FCFE_oku: 0.18158079
cost_of_equity: 0.135
perpetual_growth: 0.012
base_2027_fcfe_oku: 0.31
annual_owner_fcfe_growth: -0.054
book_to_intrinsic_difference_oku: -1.47039546

The Economist Group

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2036_book_mark_oku: 1.81065947
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 1.37776681
2037_net_owner_FCFE_oku: 0.15293212
cost_of_equity: 0.12
perpetual_growth: 0.009
base_2027_fcfe_oku: 0.29
annual_owner_fcfe_growth: -0.06375
book_to_intrinsic_difference_oku: -0.43289266

Tag Holding

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2036_book_mark_oku: 1.28114885
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 0.69776272
2037_net_owner_FCFE_oku: 0.08582481
cost_of_equity: 0.135
perpetual_growth: 0.012
base_2027_fcfe_oku: 0.15
annual_owner_fcfe_growth: -0.05625
book_to_intrinsic_difference_oku: -0.58338613

Welltec

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2036_book_mark_oku: 2.34239125
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 1.34185631
2037_net_owner_FCFE_oku: 0.16504833
cost_of_equity: 0.135
perpetual_growth: 0.012
base_2027_fcfe_oku: 0.3
annual_owner_fcfe_growth: -0.06
book_to_intrinsic_difference_oku: -1.00053494

Lingotto LP interests

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2036_book_mark_oku: 22.52598044
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 13.88751043
2037_net_owner_FCFE_oku: 1.43041357
cost_of_equity: 0.115
perpetual_growth: 0.012
base_2027_fcfe_oku: 2.5
annual_owner_fcfe_growth: -0.05625
book_to_intrinsic_difference_oku: -8.63847001

Other assets incl bioMerieux

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2036_book_mark_oku: 7.80152162
valuation_method: 2037_normalized_owner_FCFE_perpetuity
value_oku: 5.31670067
2037_net_owner_FCFE_oku: 0.61142058
cost_of_equity: 0.12
perpetual_growth: 0.005
base_2027_fcfe_oku: 1.26
annual_owner_fcfe_growth: -0.07125
book_to_intrinsic_difference_oku: -2.48482095

New diversified investment 2027

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2036_book_mark_oku: 0.67007316
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2027-10-15
new_investment_cost_oku: 0.67453799
2037_net_owner_FCFE_oku: 0.0202993
cost_of_equity: 0.145
perpetual_growth: 0.009
value_oku: 0.14925957
book_to_intrinsic_difference_oku: -0.52081359

New diversified investment 2028

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2036_book_mark_oku: 0.67241432
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2028-10-13
new_investment_cost_oku: 0.67638604
2037_net_owner_FCFE_oku: 0.02071822
cost_of_equity: 0.145
perpetual_growth: 0.009
value_oku: 0.15233987
book_to_intrinsic_difference_oku: -0.52007445

New diversified investment 2029

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2036_book_mark_oku: 0.67108009
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2029-10-15
new_investment_cost_oku: 0.67453799
2037_net_owner_FCFE_oku: 0.02102938
cost_of_equity: 0.145
perpetual_growth: 0.009
value_oku: 0.15462779
book_to_intrinsic_difference_oku: -0.5164523

New diversified investment 2030

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2036_book_mark_oku: 0.67158343
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2030-10-15
new_investment_cost_oku: 0.67453799
2037_net_owner_FCFE_oku: 0.02140369
cost_of_equity: 0.145
perpetual_growth: 0.009
value_oku: 0.15738007
book_to_intrinsic_difference_oku: -0.51420336

New diversified investment 2031

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2036_book_mark_oku: 0.34848964
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2031-10-15
new_investment_cost_oku: 0.34976044
2037_net_owner_FCFE_oku: 0.01129575
cost_of_equity: 0.145
perpetual_growth: 0.009
value_oku: 0.08305699
book_to_intrinsic_difference_oku: -0.26543264

New diversified investment 2032

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2036_book_mark_oku: 0.34970722
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2032-10-15
new_investment_cost_oku: 0.35071869
2037_net_owner_FCFE_oku: 0.01152886
cost_of_equity: 0.145
perpetual_growth: 0.009
value_oku: 0.08477106
book_to_intrinsic_difference_oku: -0.26493616

New diversified investment 2033

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2036_book_mark_oku: 0.34901332
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2033-10-14
new_investment_cost_oku: 0.34976044
2037_net_owner_FCFE_oku: 0.01170201
cost_of_equity: 0.145
perpetual_growth: 0.009
value_oku: 0.0860442
book_to_intrinsic_difference_oku: -0.26296912

New diversified investment 2034

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2036_book_mark_oku: 0.34927509
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2034-10-13
new_investment_cost_oku: 0.34976044
2037_net_owner_FCFE_oku: 0.0119103
cost_of_equity: 0.145
perpetual_growth: 0.009
value_oku: 0.08757573
book_to_intrinsic_difference_oku: -0.26169936

New diversified investment 2035

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2036_book_mark_oku: 0.34953707
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2035-10-15
new_investment_cost_oku: 0.34976044
2037_net_owner_FCFE_oku: 0.0121223
cost_of_equity: 0.145
perpetual_growth: 0.009
value_oku: 0.08913453
book_to_intrinsic_difference_oku: -0.26040254

New diversified investment 2036

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2036_book_mark_oku: 0.29801506
valuation_method: 2037 owner FCF based on invested capital and net reinvestment, no duplicated original cost
new_investment_date_assumed: 2036-10-15
new_investment_cost_oku: 0.29801506
2037_net_owner_FCFE_oku: 0.01051322
cost_of_equity: 0.145
perpetual_growth: 0.009
value_oku: 0.07730306
book_to_intrinsic_difference_oku: -0.220712

holdco_fundamental_bridge_oku

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investee_fundamental_value: 77.35036941
cash: 41.74104488
gross_holdco_debt: -35.52
other_liabilities: -0.68
overhead_cash_cost_perpetuity_reserve: -4.17656771
sbc_market_price_share_neutralization_cash_perpetuity_reserve: -1.22745091
2037_cash_opex_oku: 0.48448185
2037_equivalent_awards_per_year: 400000
2037_share_neutralization_assumed_intrinsic_market_price_eur: 35.59607649
SBC_neutralization_equity_feedback_coefficient: 0.015840652573
2037_award_share_neutralization_cost_oku: 0.14238431
sustainable_holdco_cost_of_equity: 0.125
sustainable_growth: 0.009
whole_company_net_equity_value_oku: 77.48739567
old_holder_equivalence_factor: 0.907043190388
old_holder_remaining_equity_value_oku: 70.28441458
2036_11_06_intrinsic_equity_price_per_outstanding_eur: 35.27856937
2037_company_cash_share_buyback_oku: 0.14238431
2037_old_cohort_pro_rata_tender_cash_oku: 0.12914872
2037_old_cohort_stock_remaining_after_tender_share_equivalents: 198864123.72385
2037_old_cohort_stock_value_after_anniversary_oku: 70.7878256
2037_award_shares_against_market_buyback: 400000
2037_headline_PnL_SBC_expense_versus_capital_credit: 2037 IFRS annual SBC accrual is unverified and noncash; if equity settled, P&L SBC expense and equity capital credit cancel in book NAV. Market repurchase uses cash and compensates selling shareholders; employee delivery transfers ownership; neither is a new old-holder cash outflow.
2037_cashflow_cutoff_status: post_2036-11-06; demonstration excluded from 10y timed_cashflows
2037_market_price_first_event_grown_one_year_before_buyback: はい
whole_company_pre_future_SBC_value_oku: 78.71484658
valuation_formula: V0 = A0 / (1+(awards/outstanding)*(1+terminal_growth)/(cost_of_equity-terminal_growth)); first 2037 cash buyback = awards * (V0/outstanding)*(1+terminal_growth); present value = B1/(k-g).

book_nav_2036_11_06_oku

217.13856527

book_NAV_not_identical_to_fundamental_equity_market_value

はい

remaining_issued_shares

223590465

remaining_treasury_shares

3946083

remaining_outstanding_shares

219644382

old_holder_remaining_shares_equivalent

199226941

old_holder_fraction

0.907043190388

post_2036_11_06_stock_neutralization_holder_cohort_audit

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状態

hypothetical_terminal_economic_reconciliation_NOT_company_guidance

settlement_date_policy

2037-11-06 and next model anniversaries strictly for mathematical audit; award vesting dates in 2036-12/2037-12 are not confirmed. Real execution timing must be rechecked.

first_event_after_horizon_date

2037-11-06

note_first_dec_2036_RSU_or_awards

A possible 2036-12-31 vesting is outside the 10-year cutoff. Calendar and amount not identifiable by cutoff; normalized tail assumes one yearly q-share compensation from 2037 onwards, with no second 2036 partial-year charge.

original_2036_total_company_book_NAV_oku

217.13856527

oldcohort_fraction_at_terminal

0.907043190388

2036_11_06_intrinsic_oldcohort_value_oku

70.28441458

post_2036_future_employee_shares_per_year

400000

share_count_neutralization

market buyback q ordinary shares, old cohort tenders proportionally; q treasury shares delivered free to employees, N unchanged; H falls by tendered shares

explicit_2037_to_2046_anniversary_events

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year_from_terminal: 1
assumed_settlement_date: 2037-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 9.1309222
company_distribution_to_shareholders_owner_equivalent_oku: 8.9885379
company_share_neutralization_buyback_oku: 0.14238431
company_shares_repurchased: 400000
employee_treasury_shares_delivered: 400000
end_company_shares_outstanding: 219644382
buyback_execution_intrinsic_share_price_eur: 35.59607649
old_holder_shares_before: 199226941
old_holder_shares_pro_rata_tendered: 362817.276155
old_holder_tender_cash_received_oku: 0.12914872
old_holder_owner_equivalent_dividend_oku: 8.15299209
old_holder_shares_remaining_after_delivery: 198864123.72385
old_holder_fraction_after_delivery: 0.905391350842
old_holder_equity_value_at_start_of_year_oku: 70.28441458
old_holder_equity_remaining_after_delivery_oku: 70.7878256
year_end_holder_cash_plus_stock_oku: 79.0699664
required_return_on_old_holder_starting_value_oku: 79.0699664
cash_stock_return_check_difference_oku: -0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 2
assumed_settlement_date: 2038-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 9.2131005
company_distribution_to_shareholders_owner_equivalent_oku: 9.06943474
company_share_neutralization_buyback_oku: 0.14366576
company_shares_repurchased: 400000
employee_treasury_shares_delivered: 400000
end_company_shares_outstanding: 219644382
buyback_execution_intrinsic_share_price_eur: 35.91644118
old_holder_shares_before: 198864123.72385
old_holder_shares_pro_rata_tendered: 362156.540337
old_holder_tender_cash_received_oku: 0.13007374
old_holder_owner_equivalent_dividend_oku: 8.21138777
old_holder_shares_remaining_after_delivery: 198501967.18351
old_holder_fraction_after_delivery: 0.903742519504
old_holder_equity_value_at_start_of_year_oku: 70.7878256
old_holder_equity_remaining_after_delivery_oku: 71.29484229
year_end_holder_cash_plus_stock_oku: 79.6363038
required_return_on_old_holder_starting_value_oku: 79.6363038
cash_stock_return_check_difference_oku: 0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 3
assumed_settlement_date: 2039-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 9.29601841
company_distribution_to_shareholders_owner_equivalent_oku: 9.15105965
company_share_neutralization_buyback_oku: 0.14495876
company_shares_repurchased: 400000
employee_treasury_shares_delivered: 400000
end_company_shares_outstanding: 219644382
buyback_execution_intrinsic_share_price_eur: 36.23968915
old_holder_shares_before: 198501967.18351
old_holder_shares_pro_rata_tendered: 361497.007801
old_holder_tender_cash_received_oku: 0.13100539
old_holder_owner_equivalent_dividend_oku: 8.27020171
old_holder_shares_remaining_after_delivery: 198140470.17571
old_holder_fraction_after_delivery: 0.902096690894
old_holder_equity_value_at_start_of_year_oku: 71.29484229
old_holder_equity_remaining_after_delivery_oku: 71.80549047
year_end_holder_cash_plus_stock_oku: 80.20669757
required_return_on_old_holder_starting_value_oku: 80.20669757
cash_stock_return_check_difference_oku: -0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 4
assumed_settlement_date: 2040-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 9.37968257
company_distribution_to_shareholders_owner_equivalent_oku: 9.23341919
company_share_neutralization_buyback_oku: 0.14626339
company_shares_repurchased: 400000
employee_treasury_shares_delivered: 400000
end_company_shares_outstanding: 219644382
buyback_execution_intrinsic_share_price_eur: 36.56584635
old_holder_shares_before: 198140470.17571
old_holder_shares_pro_rata_tendered: 360838.676358
old_holder_tender_cash_received_oku: 0.13194372
old_holder_owner_equivalent_dividend_oku: 8.3294369
old_holder_shares_remaining_after_delivery: 197779631.49935
old_holder_fraction_after_delivery: 0.900453859545
old_holder_equity_value_at_start_of_year_oku: 71.80549047
old_holder_equity_remaining_after_delivery_oku: 72.31979617
year_end_holder_cash_plus_stock_oku: 80.78117678
required_return_on_old_holder_starting_value_oku: 80.78117678
cash_stock_return_check_difference_oku: 0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 5
assumed_settlement_date: 2041-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 9.46409972
company_distribution_to_shareholders_owner_equivalent_oku: 9.31651996
company_share_neutralization_buyback_oku: 0.14757976
company_shares_repurchased: 400000
employee_treasury_shares_delivered: 400000
end_company_shares_outstanding: 219644382
buyback_execution_intrinsic_share_price_eur: 36.89493897
old_holder_shares_before: 197779631.49935
old_holder_shares_pro_rata_tendered: 360181.543818
old_holder_tender_cash_received_oku: 0.13288876
old_holder_owner_equivalent_dividend_oku: 8.38909636
old_holder_shares_remaining_after_delivery: 197419449.95553
old_holder_fraction_after_delivery: 0.898814019999
old_holder_equity_value_at_start_of_year_oku: 72.31979617
old_holder_equity_remaining_after_delivery_oku: 72.83778558
year_end_holder_cash_plus_stock_oku: 81.35977069
required_return_on_old_holder_starting_value_oku: 81.35977069
cash_stock_return_check_difference_oku: -0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 6
assumed_settlement_date: 2042-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 9.54927661
company_distribution_to_shareholders_owner_equivalent_oku: 9.40036864
company_share_neutralization_buyback_oku: 0.14890797
company_shares_repurchased: 400000
employee_treasury_shares_delivered: 400000
end_company_shares_outstanding: 219644382
buyback_execution_intrinsic_share_price_eur: 37.22699342
old_holder_shares_before: 197419449.95553
old_holder_shares_pro_rata_tendered: 359525.607999
old_holder_tender_cash_received_oku: 0.13384057
old_holder_owner_equivalent_dividend_oku: 8.44918313
old_holder_shares_remaining_after_delivery: 197059924.34753
old_holder_fraction_after_delivery: 0.897177166806
old_holder_equity_value_at_start_of_year_oku: 72.83778558
old_holder_equity_remaining_after_delivery_oku: 73.35948507
year_end_holder_cash_plus_stock_oku: 81.94250877
required_return_on_old_holder_starting_value_oku: 81.94250877
cash_stock_return_check_difference_oku: 0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 7
assumed_settlement_date: 2043-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 9.6352201
company_distribution_to_shareholders_owner_equivalent_oku: 9.48497196
company_share_neutralization_buyback_oku: 0.15024815
company_shares_repurchased: 400000
employee_treasury_shares_delivered: 400000
end_company_shares_outstanding: 219644382
buyback_execution_intrinsic_share_price_eur: 37.56203636
old_holder_shares_before: 197059924.34753
old_holder_shares_pro_rata_tendered: 358870.866722
old_holder_tender_cash_received_oku: 0.13479921
old_holder_owner_equivalent_dividend_oku: 8.50970027
old_holder_shares_remaining_after_delivery: 196701053.48081
old_holder_fraction_after_delivery: 0.895543294528
old_holder_equity_value_at_start_of_year_oku: 73.35948507
old_holder_equity_remaining_after_delivery_oku: 73.88492123
year_end_holder_cash_plus_stock_oku: 82.52942071
required_return_on_old_holder_starting_value_oku: 82.52942071
cash_stock_return_check_difference_oku: -0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 8
assumed_settlement_date: 2044-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 9.72193708
company_distribution_to_shareholders_owner_equivalent_oku: 9.57033671
company_share_neutralization_buyback_oku: 0.15160038
company_shares_repurchased: 400000
employee_treasury_shares_delivered: 400000
end_company_shares_outstanding: 219644382
buyback_execution_intrinsic_share_price_eur: 37.90009469
old_holder_shares_before: 196701053.48081
old_holder_shares_pro_rata_tendered: 358217.317811
old_holder_tender_cash_received_oku: 0.1357647
old_holder_owner_equivalent_dividend_oku: 8.57065086
old_holder_shares_remaining_after_delivery: 196342836.163
old_holder_fraction_after_delivery: 0.893912397737
old_holder_equity_value_at_start_of_year_oku: 73.88492123
old_holder_equity_remaining_after_delivery_oku: 74.41412082
year_end_holder_cash_plus_stock_oku: 83.12053639
required_return_on_old_holder_starting_value_oku: 83.12053639
cash_stock_return_check_difference_oku: -0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 9
assumed_settlement_date: 2045-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 9.80943452
company_distribution_to_shareholders_owner_equivalent_oku: 9.65646974
company_share_neutralization_buyback_oku: 0.15296478
company_shares_repurchased: 400000
employee_treasury_shares_delivered: 400000
end_company_shares_outstanding: 219644382
buyback_execution_intrinsic_share_price_eur: 38.24119554
old_holder_shares_before: 196342836.163
old_holder_shares_pro_rata_tendered: 357564.959095
old_holder_tender_cash_received_oku: 0.13673712
old_holder_owner_equivalent_dividend_oku: 8.63203802
old_holder_shares_remaining_after_delivery: 195985271.2039
old_holder_fraction_after_delivery: 0.892284471013
old_holder_equity_value_at_start_of_year_oku: 74.41412082
old_holder_equity_remaining_after_delivery_oku: 74.94711079
year_end_holder_cash_plus_stock_oku: 83.71588592
required_return_on_old_holder_starting_value_oku: 83.71588592
cash_stock_return_check_difference_oku: 0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

内容を開く

year_from_terminal: 10
assumed_settlement_date: 2046-11-06
date_type: anniversary_hypothetical_not_issuer_ex_date_or_buyback_execution_date
future_company_cash_distribution_before_employee_comp_oku: 9.89771943
company_distribution_to_shareholders_owner_equivalent_oku: 9.74337796
company_share_neutralization_buyback_oku: 0.15434147
company_shares_repurchased: 400000
employee_treasury_shares_delivered: 400000
end_company_shares_outstanding: 219644382
buyback_execution_intrinsic_share_price_eur: 38.5853663
old_holder_shares_before: 195985271.2039
old_holder_shares_pro_rata_tendered: 356913.788405
old_holder_tender_cash_received_oku: 0.13771649
old_holder_owner_equivalent_dividend_oku: 8.69386485
old_holder_shares_remaining_after_delivery: 195628357.4155
old_holder_fraction_after_delivery: 0.890659508949
old_holder_equity_value_at_start_of_year_oku: 74.94711079
old_holder_equity_remaining_after_delivery_oku: 75.4839183
year_end_holder_cash_plus_stock_oku: 84.31549964
required_return_on_old_holder_starting_value_oku: 84.31549964
cash_stock_return_check_difference_oku: 0
cashflow_in_strict_10y_timed_cashflows: いいえ
cash_distribution_is_theoretical_lookthrough_FCFE_not_declared_corporate_dividend: はい
SBC_book_expense_is_non_cash_not_added_to_tail_cashflow: はい

ten_year_tail_PV_holder_cash_oku

47.03943273

ten_year_tail_PV_holder_residual_stock_oku

23.24498185

ten_year_tail_PV_total_oku

70.28441458

infinite_tail_PV_analytic_oku

70.28441458

cohort_valuation_identity_difference_oku

-0

finite_10year_plus_remaining_cohort_identity_difference_oku

derived_equivalent_cash_distribution_not_Exor_actual_ex_dates

はい

convention

Illustrative annual pre-bonus owner FCFE = (k-g)*A_{t-1}; Exor ordinary cash owner-equivalent = (k-g)*E_{t-1}, share replacement buyback B_t=(q/N)*E_t. This economic cash equivalent need not equal Exor actual ordinary dividend; eventual monetizations are needed to distribute all underlying FCFE.

SBC_double_count_rule

2026-2036 IFRS SBC expense and equity credit already present in reported/forecast book equity; no second charge against 2036 balance or terminal portfolio stakes. Post-cutoff reserve alone covers future q-share compensation; buyback cash received in 2037+ is inside the tail identity and is NOT appended to 10y payout or to 2036 residual value.

economic_payout_identity

h_(t-1)*(D_t+B_t)+h_t*E_t=(1+k)*h_(t-1)*E_(t-1); h_t=h_(t-1)*(1-q/N), E_t=E_(t-1)*(1+g), B_t=(q/N)*E_t, D_t=(k-g)*E_(t-1).

discount_identity

sum_{t=1}^infinity old_holder_cash_t/(1+k)^t = h0*E0, assuming q/N and g stay fixed and k>g.

not_additional_timed_cashflows

はい

キャッシュフローの算出方法

timed_holder_cashflows_v1

期間内株主受取

5.34787171

終価

70.28441458

pv_cashflow_oku_at_coc_k

3.88472611

pv_terminal_oku_at_coc_k

28.35723518

pv_oku_at_coc_k

32.2419613

npv_oku_at_coc_k

-114.96507791

irr

-0.066578541683

equity_value_oku_per_start_share_at_coc

16.06545362

all_ledger_reconciliation_passed

はい

売上高

未確認

営業利益

未確認

純利益

-9.08711839

equity_oku

217.13856527

期間内の親会社利益合計（億）

-134.13060131

multiple

kind

sum_of_parts_dcf

why

各投資先の持続株主CFを評価し持株会社の費用・負債・将来SBC補填を調整。

detail

内容を開く

investee_fundamental_value: 77.35036941
cash: 41.74104488
gross_holdco_debt: -35.52
other_liabilities: -0.68
overhead_cash_cost_perpetuity_reserve: -4.17656771
sbc_market_price_share_neutralization_cash_perpetuity_reserve: -1.22745091
2037_cash_opex_oku: 0.48448185
2037_equivalent_awards_per_year: 400000
2037_share_neutralization_assumed_intrinsic_market_price_eur: 35.59607649
SBC_neutralization_equity_feedback_coefficient: 0.015840652573
2037_award_share_neutralization_cost_oku: 0.14238431
sustainable_holdco_cost_of_equity: 0.125
sustainable_growth: 0.009
whole_company_net_equity_value_oku: 77.48739567
old_holder_equivalence_factor: 0.907043190388
old_holder_remaining_equity_value_oku: 70.28441458
2036_11_06_intrinsic_equity_price_per_outstanding_eur: 35.27856937
2037_company_cash_share_buyback_oku: 0.14238431
2037_old_cohort_pro_rata_tender_cash_oku: 0.12914872
2037_old_cohort_stock_remaining_after_tender_share_equivalents: 198864123.72385
2037_old_cohort_stock_value_after_anniversary_oku: 70.7878256
2037_award_shares_against_market_buyback: 400000
2037_headline_PnL_SBC_expense_versus_capital_credit: 2037 IFRS annual SBC accrual is unverified and noncash; if equity settled, P&L SBC expense and equity capital credit cancel in book NAV. Market repurchase uses cash and compensates selling shareholders; employee delivery transfers ownership; neither is a new old-holder cash outflow.
2037_cashflow_cutoff_status: post_2036-11-06; demonstration excluded from 10y timed_cashflows
2037_market_price_first_event_grown_one_year_before_buyback: はい
whole_company_pre_future_SBC_value_oku: 78.71484658
valuation_formula: V0 = A0 / (1+(awards/outstanding)*(1+terminal_growth)/(cost_of_equity-terminal_growth)); first 2037 cash buyback = awards * (V0/outstanding)*(1+terminal_growth); present value = B1/(k-g).

金額の単位

億EUR (EUR 100 million)

分析基準とデータ

価格・単価

73.35

株価基準日

2026-11-06

株数

200691260

株価の出所

https://markets.ft.markitdigital.com/data/equities/tearsheet/historical?s=EXO%3AAEX

株数の出所

https://exor.com/system/files/2026/document-documents/Exor%20Press%20Release%20-%20W45-26%20Buyback.pdf

detail

内容を開く

価格・単価

内容を開く

値: 73.35
currency: EUR
市場: Euronext Amsterdam
日付: 2026-11-06
price_type: closing_price
状態: market_quote_verified_secondary
source_id: quote_exor

株数

内容を開く

issued_ordinary: 207779752
special_voting_shares_no_ordinary_economics: 117997914
treasury_ordinary: 7088492
effective_outstanding: 200691260
weighted_average_2026_1h_thousand: 202403
share_date: 2026-11-02_weekly_update_covers_trades_through_2026-10-30
share_date_status: last_published_proxy_not_exact_2026_11_06
unverified_nov_2_to_nov_6_buybacks: cannot quantify with Nov6 cutoff; not assumed executed from future announcements
shares_method: 207,779,752 - 7,088,492 = 200,691,260; special voting shares excluded

entry_initial_cohort_mcap_oku

147.20703921

reference_ifrs

内容を開く

ifrs_parent_profit: -11.22
nav_parent_equity: 320.09
total_assets_gav: 357.68
sbc_ifrs_expense: 0.14
sbc_equity_reserve_credit: 0.14
reported_note_debt: 35.07
gross_debt: 36.91
holder_shares_jun30: 202735001
出典: exor_h1

parent_NAV_proxy_asof_oku

343.27135658

parent_NAV_proxy_per_outstanding_share_eur

171.04449719

parent_NAV_proxy_method

Mark public investments to Nov6 shares × closing price / ECB FX. Exor June private/other/Lingotto stale proxy. Adjust July divestment, FX payable, buyback, Iveco offer receivable; parent NAV is estimated, not verified Nov6 IFRS.

starting_asset_values_oku

内容を開く

CNH: 37.99092274
Christian Louboutin: 5.5
Clarivate: 1.41038987
Ferrari: 141.1979597
Institut Merieux: 6.8
Iveco settlement receivable: 10.56752352
Juventus: 4.30216888
Lingotto LP interests: 44.49
Other assets incl bioMerieux: 21.31
Philips: 50.81540254
Stellantis: 18.0662857
Tag Holding: 2.4
The Economist Group: 4.06
Via Transportation: 4.77070364
Welltec: 4.73

starting_cash_oku

21.06

starting_iveco_tender_receivable_oku

10.56752352

starting_holdco_notes_oku

35.07

starting_financial_liabilities_oku

0.45

starting_gross_holdco_debt_oku

35.52

starting_other_liabilities_oku

0.68

baseline_rollforward_events

内容を開く

日付: 2026-06-30
item: Published latest IFRS parent NAV
net_asset_value_oku: 320.09
状態: verified
出典: exor_h1

内容を開く

日付: 2026-07-01
item: €139m FX liability settled in cash: no NAV change
delta_cash_oku: -1.39
delta_financial_liability_oku: -1.39
delta_nav_oku: 0
状態: inferred timing from H1 subsequent note; cash and liability both assumed settled

内容を開く

日付: 2026-07
item: Lifenet stake sold: remove H1 €209m investment, receive amount equal carrying value
delta_private_assets_oku: -2.09
delta_cash_oku: 2.09
delta_nav_oku: 0
状態: transaction verified; exact proceeds vs carrying unconfirmed therefore no assumed capital gain
出典: exor_h1_release

内容を開く

日付: 2026-09-23_to_2026-10-30
item: First €125m buyback + €18m executed second tranche
delta_cash_oku: -1.43
delta_treasury_shares: 2043741
implied_difference_vs_gross_shares_bought: -6375
delta_nav_oku: -1.43
状態: two tranches verified, net treasury move has 6375 other delivery or movements unverified; bridge uses released ending number
出典: buyback

内容を開く

日付: 2026-10-30_to_2026-11-13
item: Iveco offer EUR14.40 per share; basis assumes receivable, NOT both receivable and cash
delta_iveco_shares: -73385580
delta_tender_receivable_oku: 10.56752352
delta_june_book_iveco_oku: -10.21
delta_valuation_oku: 0.35752352
状態: conditional Exor own acceptance/settlement timing not confirmed; total tender settlement completed initial 2026-10-30 and alternative 2026-11-13
出典: iveco_tender

内容を開く

日付: 2026-11-06
item: Seven major listed stakes repriced to Nov6 spot; private values, Lingotto and other assets stale June30
delta_listed_mark_oku: 24.25383306
状態: market_quote_from_secondary_and_stock_counts_from_exor; no postcutoff company reporting
出典: exor_h1

known_pre_cutoff_dividend_not_forward_CF

内容を開く

ex_date: 2026-05-25
payment_date: 2026-05-27
per_share_eur: 0.49
source_id: exor_agm
included_in_forward_timed_cashflows: いいえ

sensitivity_to_june_stale_illiquid_marks

illustrative_other_Lingotto_private_marks_down_15pct_NAV_change_oku: -13.3935
not_an_observed_market_price: はい

market_to_proxy_NAV_discount

0.571164222

fundamental_exit_not_based_on_discount_convergence

はい

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