What this is
Over ten years to March 2026, Nintendo booked ¥253bn of affiliate profit, mostly from The Pokémon Company, but received only about ¥3.8bn in cash from it: 1.5%.
How it’s built
- Added Nintendo’s ten annual figures for share of affiliate profit: ¥253.3bn.
- Estimated The Pokémon Company’s payouts in two years (to February 2018 and 2024) from changes in its retained earnings, and took Nintendo’s 32%: about ¥3.8bn.
- Compared with the ¥1.5 trillion of dividends Nintendo itself paid over the same ten years.
What we assumed
- Payouts are inferred from retained-earnings changes in the company’s published accounts.The company does not publish dividends paid; the residual is the best available measure. A later correction moves the 2018 figure slightly, to about ¥3.83bn in total.
- Nintendo receives 32% of any payout.That is its stated ownership.
- All affiliate profit is treated as Pokémon.Nintendo reports affiliates together; The Pokémon Company is the main one.
Sanity check
Nintendo’s own Pokémon-side cash receipts in its filings are also small (at most ¥1.4bn and ¥2.4bn in the two years), consistent with the conclusion that almost all the profit stays inside The Pokémon Company.
Where it comes from
Our calculation from other figures in the trainer’s notes:
Show the working
- Pickup year to March 2017 26: 253,334
- Pickup year to March 2015 26: 256,173
- Window difference: 2,839
- Nintendo own dividends paid year to March 2017 26: 1,516,094
- TPC cash as % of nintendo dividends: 0.25
- TPC pickup as % of nintendo dividends: 16.7
- Σ pickups FY3/17-26 = 20,271 + 10,318 + 6,949 + 7,945 + 6,564 + 26,672 + 26,599 + 30,099 + 35,125 + 82,792 = 253,334. 's 256,173 adds FY3/15 952 + FY3/16 1,887 = 2,839
- it is the same..
Where it’s used
Related figures
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