The values
- Royalty revenue if licensed out ¥ million (12-17.4%): 45,000 to 65,250
- Royalty profit ¥ million (70-84.2% licensing margin): 31,500 to 54,940
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
- 375,000 x 0.361 = 135,375 and x 0.460 = 172,500
- licensed out: 375,000 x 0.12 = 45,000 and x 0.174 = 65,250
- at Sanrio licensing margin after HQ 70% (D2-4) to pre-HQ 84.2%: 31,500-54,940
Related figures
Built from this one
- EstimateNintendo look through pretax profit in TPC group, year to March 2026¥110.2bn
- EstimatePure licensor counterfactual card publisher profit corrected, TPC year to February 2026 card line (point ¥375bn)112,500 to 157,500 ¥ million
- EstimatePure licensor counterfactual on q11 card line, TPC year to February 2026 card line at s = 0.50, P = 10.0bn