Ann: Kobe Auction Result and Sales Update, page-162

I take your second factor to be a corollary of the first; ie higher general quality means a higher percentage of production crosses the threshold for commerciality. In which case there is also a fourth upside to revenues in the second half of the FY, namely higher sales volumes. The company expects production volumes to be similar to last year, ie about 560k from memory. (If a higher percentage of the harvest is deemed commercial, that figure may be exceeded.) Sales to November were just over 250k. So sales this FY will be back-end loaded, the opposite of last year. The forthcoming auction will be especially large - a record - given nearly five months since its predecessor. If, as we hope/expect, prices exceed those in the November auction, sales revenues in the April auction (and in H2 of the FY) could be gigantic!!