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Record

Card concentration on ledger basis against backlog 60%, TPC year to February 2026 (Nintendo year to March 2026); list = year to March 2026 (年度2025e)

TPC year to February 2026 (Nintendo year to March 2026); list = year to March 2026 (年度2025e)

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

What this is

Revenue basis restated from (223.4–369.6 over 1,019.9–1,047.9 = 21.3–36.2%, point 27.8%). Revised 31 October 2026 (cross-node): 's coupled cards-at-list band supersedes as better evidenced: 493.3/1,047.861 = 47.1%; 680.2/1,019.861 = 66.7%.

The value

  • Card line: ¥223–370bn

Some detail is too fine to show here; it is kept in the trainer’s notes.

Where it comes from

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

Show the working
  1. Revenue basis restated from (223.4–369.6 over 1,019.9–1,047.9 = 21.3–36.2%, point 27.8%)
  2. List basis: 513.0/1,047.861 = 49.0%
  3. 618.1/1,019.861 = 60.6%
  4. Revised 2026-10-31 (cross-node): 's coupled cards-at-list band supersedes as better evidenced: 493.3/1,047.861 = 47.1%
  5. 680.2/1,019.861 = 66.7%
  6. The 60% is interior, not a corner
  7. Q07's 49.0–60.6% kept as a label

Related figures

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