What this is
What shoppers worldwide pay for new Pokémon cards in a year at shelf price: about ¥520–830bn, or $3.5–5.5bn, roughly 1.8 to 2 times what TPC itself receives for them.
How it’s built
- Japan: the Japan Toy Association's card-game market, times Pokémon's share of it, at list price.
- Outside Japan: our estimate of TPC's card revenue there, divided by the share of the shelf price that reaches TPC (45–55%), which grosses it back up to what shoppers pay.
- Converted to dollars at ¥150.
What we assumed
- Pokémon is 40–50% of Japan's card-game market.The market total is published, but Pokémon's share of it is not; this range comes from shop rankings and trade estimates.
- 45–55% of the shelf price outside Japan reaches TPC.Shops typically pay about half of list, and a distributor's cut sits between; no company publishes the split.
- Cards sell at list price.Shelf prices above list, and resale, are left out; this is new cards bought at the price TPC sets.
Sanity check
The result is about twice TPC's own card revenue, which matches a channel taking about half of the shelf price. The middle of the range is about ¥664bn, or $4.4bn.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- EstimateSplits the year's roughly 10 billion cards between Japan (about 4.8 billion) and the rest of the world (about 5.2 billion), and puts TPC's Japanese card revenue at about ¥100.7bn
- EstimateCard game retail and distribution margin pool recomputed, TPC year to February 2026¥385bn
- EstimateUS booster msrp and cards per pack, 2024–2025 (Scarlet & Violet era)
- ReportedRetail sales of licensed consumer products and experiences (License Global Top Global Licensors 2024 report), prior-year (2023) per 2024 report, released 25 July 2024$14.1bn
Show the working
- Publisher basis (TPC card revenue) ¥ billion [low, point, high]: 286, 351, 407
- Of which Japan publisher: 93.1, 101, 94.8
- Of which ex-Japan publisher: 193, 251, 312
- Retail basis ¥ billion [low, point, high]: 520, 664, 829
- Retail basis $ billion at ¥150: 3.47, 4.43, 5.52
- Retail / publisher multiple: 1.82, 1.89, 2.04
- Python, on the corners
- Retail = Japan at list (JTA x share) + ex-Japan publisher ÷ publisher share 0.45-0.55
- Low corner (share 0.50, net 0.55, RoW ¥40/card): Japan list 169.2 + 193.0/0.55 = 350.9 → 520