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Record

Capture of franchise spend revenue and net, TPC year to February 2026; spend year to February 2026 at list (P4 perimeter)

TPC year to February 2026; spend year to February 2026 at list (P4 perimeter)

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

What this is

CN-172 restated: group revenue and TPC-alone NI over P4's TCG-IN consumer spend ¥2,864.3–3,257.0bn, extreme corners paired. A ratio to state, not to capitalise (C-P8-5).

The values

  • Group revenue over card game IN spend: 31.3 to 36.6%
  • TPC alone net profit over spend: 7.65 to 9.06%
  • Spend over group revenue times: 2.73 to 3.19
  • LG row over group revenue times: 2.24 to 2.3

Where it comes from

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

Show the working
  1. 1,019.9/3,257.0 = 31.3%
  2. 1,047.9/2,864.3 = 36.6%
  3. 249.2/3,257.0 = 7.65%
  4. 259.6/2,864.3 = 9.06%
  5. spend/revenue 2,864.3/1,047.9 = 2.73× to 3,257.0/1,019.9 = 3.19×
  6. LG row $15.7bn / group $7.01–6.82bn = 2.24–2.30×