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Implied TPCi licensing royalty income benchmark industry yield, 2024

2024

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

What this is

LG 2024 retail US$12.0bn × industry royalty yield per retail dollar 5.51–5.56% (Sanrio filed royalties ÷ its LG row,; LIMA 5.55%,) = US$0.661–0.667bn; × ¥149.57/$ = ¥98.9–99.8bn; licensees and retailers keep 1 − 0.0556 = ≈94.4%.

The values

  • $ bn: 0.661 to 0.667
  • ¥ bn: 98.9 to 99.8
  • Kept by licensees and retailers %: 94.4

Where it comes from

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

Show the working
  1. 12.0 × 0.0551–0.0556 = US$0.661–0.667bn
  2. ×149.57 = ¥98.9–99.8bn
  3. kept ≈94.4%

Where it’s used

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