Well, the Egypt FIG is dead in almost all cases. So you have an AC, 1 FIG, 2 TRN, 1 SUB and a DST. In creating that fleet, you have abandoned Africa to Germany in the short term at least. You also left the Solomons sub alive to aid at Pearl.
Now, that UK fleet has a defensive value of 14 with 6 units.
Japan has 1 BB, 1 AC, 2 FIGs off EI. Attack value is 11, and a free hit with the BB.
Japan can also bring 2 more FIGs to the fight by using their Carolines AC as an LZ.
Attack value increased to 17.
72% Japan win. 77% all UK forces dead.
Even with that use of force against UK, Pearl is still
1 SUB, 1 AC, 1 FIG (defense 9)
1 SUB, 1 DST, 1 BB, 1 BOM (attack 13) and a free hit.
99% Japan victory.
What does that leave?
UK with no ships at all in the Indian or Pacific.
Germany with free reign in Africa for a few turns.
Japan with a loaded AC off EI
A BB, DST, and quite possibly a SUB off Pearl
2 pre-existing TRNs to shuttle troops on J1 to Asia.
3 FIGs still available for J1 attacks on China, India, and/or Bury
The Pearl Counter costs Japan their Hawaii force, and leaves the US with a solitary BB in the Pacific, which can be destoryed with 96% probability by Japan AF on J2.
Total Naval control without ANY opposition in the Indian and Pacific Oceans from J2 forward and Germany in control of Africa for at least a few rounds of boosted income.