What this is
Shows the owners' equity in TPC was priced as a small agency, not as the rights, when a fourth party last held shares.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- FiledHow a US filing described The Pokémon Company
- EstimateImplied equity value 2005, October 2005$32m
- FiledRetained earnings (profits kept in the business to date) of The Pokémon Company’s Tokyo parent company at February 2016¥10.4bn
Show the working
- 726 / 0.03 = 24,200 → $24.2m (2001)
- vs $32.0m implied by the 2005 sale