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Structural margin band from line mix, TPC year to February 2026 line mix x comps' year to March 2026 / 2025 line margins

TPC year to February 2026 line mix x comps' year to March 2026 / 2025 line margins

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

This figure has been replaced. See Structural margin band corporate costs allocated, year to March 2026 (comps' latest fiscal years).

What this is

Lines : cards 375,000; licensing 240,000; mobile 155,000; retail/events 200,000; games 25,000 JP + 15,000 royalty; animation 10,000; residual 72,861.

The values

  • Band low: 26.7
  • Band mid: 34
  • Band high: 46.4
  • Card game-IN sensitivity: 24 to 42.2
  • TPC group operating proxy: 28.6
  • TPC position in band: 9.6%

Some detail is too fine to show here; it is kept in the trainer’s notes.

Where it comes from

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

Show the working
  1. sum(line revenue x comp margin)/1,092,861
  2. Lines : cards 375,000
  3. licensing 240,000
  4. mobile 155,000
  5. retail/events 200,000
  6. games 25,000 JP + 15,000 royalty
  7. animation 10,000
  8. residual 72,861
  9. Low/mid/high..

Related figures

Built from this one