What this is
Total paid out to shareholders by the Tokyo parent from 1999 to February 2016: about ¥83m, under 1% of its cumulative profit of ¥10.5bn.
How it’s built
- Cumulative parent profit over 18 years is ¥10,475m.
- Retained earnings at February 2016 were ¥10,392m; the ¥83m gap left the business.
- It sits in three years: 2007 (¥18.5m), 2009 (¥60m) and 2015 (¥6m).
What we assumed
- The gaps are dividends.Each gap matches a round amount per share on 60,000 shares (about ¥300, ¥1,000 and ¥100), but other movements, such as a 2006 accounting presentation change, could explain some.
- Uses the blog’s ¥10,392m for 2016.The gazette image reads ¥10,398m, which gives ¥77.5m instead; the difference is immaterial.
- The 2002 profit is back-calculated.It was not transcribed.
Sanity check
Either way the payout is below 1%: the company kept essentially all its profit for 18 years.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- cumulative NI 10475.46 − RE FY2/16 10,392 = 83.46 …
- chain X with RE 10,398 gives 77.5)
- Located in FY2/07 (−18.5≈¥300/sh), FY2/09 (−60=¥1,000/sh), FY2/15 (−6=¥100/sh, chain Y only)
- Payout ≈0