What this is
Share of the Tokyo parent’s profit paid out to shareholders over the nine years to February 2026: about 3%.
How it’s built
- Add up the parent’s net profit for the years to February 2018–2026: ¥399.6bn.
- Retained earnings rose ¥387.6bn over the same period (from ¥26.3bn to ¥413.9bn), per the gazette notices.
- The ¥12.0bn difference is taken as distributions: ¥12.0bn ÷ ¥399.6bn ≈ 3%.
What we assumed
- Everything that left retained earnings apart from losses was paid to shareholders.Supported for 2018: the legal reserve rose by an amount that requires a dividend of at least ¥850m. Other years are not individually confirmed.
- Profit for the year to February 2020 is ¥15,367m.From a site republishing gazette data; it rolls forward to the yen. The rounded press figure of ¥15.3bn changes the result by ¥67m.
Sanity check
Nintendo’s accounts imply about ¥2.4bn received from affiliates in the year to March 2024, consistent with a dividend that year to within about ¥0.5bn.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- ReportedNet profit, year to February 2020¥15.4bn
- ReportedNet profit, year to February 2020 (22nd)¥15.3bn
- EstimateImplied cumulative dividends paid, year to February 2018–year to February 2026 (9 years)¥11.9bn
- EstimateImplied payout ratio, year to February 2018–year to February 20263%
Show the working
- 11,955/399,559 = 2.99%
Where it’s used
Related figures
Built from this one