Nintendo's share of TPC's profit, quarter by quarter, in its year to March 2017

What this is

Nintendo's share of TPC's profit, quarter by quarter, in its year to March 2017: ¥36m in April–June 2016, ¥11,988m in July–September, ¥4,757m in October–December and ¥3,490m in January–March. Grossed up at Nintendo's 32% holding, the July–September figure implies ¥37,462m of TPC profit in one quarter.

How it’s built

1. Nintendo reports its equity-method income from affiliates cumulatively, in its quarterly and annual results: ¥36m, ¥12,024m, ¥16,781m and ¥20,271m.
2. Each quarter is the difference between one cumulative figure and the one before; each quarter divided by 0.32 gives the profit at the full-company level.

What we assumed

• The equity-method income in these quarters is essentially TPC's.Nintendo said the first-half rise came mainly from TPC; its other affiliates are small by comparison.
• Nintendo's share of TPC's profit is 32%.That is Nintendo's stake in TPC; a different share would scale every grossed-up figure in proportion.

Sanity check

The four quarters add back to Nintendo's full-year ¥20,271m. July–September holds about 59% of the year, which fits the quarter in which Pokémon GO launched.

Where it comes from

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

• FiledAttribution of H1 year to March 2017 equity-method income to TPC, H1 year to March 2017
• FiledQ&A A4 (26 Oct 2016): source of increase in equity-method income, H1 year to March 2017
• FiledQ&A A7 (26 Oct 2016): equity-method revenue not one-off, H1 year to March 2017

Where it’s used

• Deep dive · The Pokémon CompanyThe Pokémon GO year
• ProfileNintendo