This figure has been replaced. See West licensed merch value chain split period corrected, ≈2025 (TPC year to February 2026 at 2025 run-rate).
What this is
Retail value $15.08bn × ¥150 = 2,262,500: retailers ≈ 50% (1,131,250); licensees ≈ 50% − royalty; TPCi royalty 6.0–8.7% of retail (135,750–196,838); licensees keep 41.3–44.0% before COGS.
The value
- 2,262,500 ¥ million (retail value)
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- Retail value $15.08bn × ¥150 = 2,262,500: retailers ≈ 50% (1,131,250)
Related figures
Built from this one