Estimated net assets (share capital plus retained earnings) of the Tokyo parent at each February from 1999 to 2016, e.g. ¥10.1bn in 2015

How it’s built

1. Share capital of ¥365.4m is added to each year’s retained earnings from the gazette notices as transcribed on a blog.

What we assumed

• There is no capital surplus.In 2015, reported shareholders’ equity minus capital and retained earnings comes to between −¥9m and +¥7m.
• Capital is ¥365.4m in every year.Agreed from June 2001. For 1999–2001 the gazette shows ¥60m, ¥240m and ¥360m, which would make net assets ¥85m, ¥346m and ¥637m.
• The 2002 figure uses back-calculated retained earnings.No figure was transcribed for that year.

Sanity check

Matches reported shareholders’ equity of ¥10,140m in 2015 and ¥10,760m in 2016 to within ¥3m.

Where it comes from

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

• ReportedImplied capital surplus parent, year to February 2015≈0 (range −9 to +7)
• ReportedShareholders equity parent, year to February 2015 (parent; 株主資本, not 純資産)¥10.1bn
• ReportedShareholders equity parent, year to February 2016 (parent; 株主資本)¥10.8bn

Where it’s used

• ProfileThe Pokémon Company