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Implied Nintendo-held share of equity income against TPC net profit

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

What this is

Nintendo equity income year to March 2026 82,792 / 0.32 = 258,725 implied 100% profit vs TPC parent NI year to February 2026 120,056 (x0.32=38,418): ~¥44bn of Nintendo's pickup is from profit below the parent (TPCi etc.) or timing/FX

Where it comes from

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

Show the working
  1. 持分法による投資利益 35,125 82,792