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Japan asia licensed merchandise at retail indicative outside perimeter, TPC year to February 2026

TPC year to February 2026

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

What this is

TPC's Japan/Asia licensing line is a C bracket ¥15–50bn; grossed up at Sanrio's filed royalty yield 5.51–5.56% of LG retail, used as a yield comp only (C-P4-5). An agent fee to ShoPro (Q16) would raise retail per yen of TPC income.

The values

  • : ¥270–907bn
  • Width: ¥638bn
  • Status: interpretation; outside the headline; Q62 to refine

Where it comes from

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

Show the working
  1. 15 / 0.0556 = 269.8
  2. 50 / 0.0551 = 907.4

Where it’s used

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