What this is
How much of the subsidiaries’ unexplained revenue remains after adding plausible smaller lines, year to February 2026: about ¥152bn in the main case, ¥52–113bn on higher licensing rates.
How it’s built
- Start from an unexplained residual of ¥169bn: subsidiaries’ revenue less modelled Western cards, licensing, online and events.
- Subtract lines the model left out (media outside Asia, Korean and other Asian non-card sales, digital card games, outside printing, a Pokémon Center online correction): net ¥17bn, range −¥30bn to +¥100bn.
- Main case leaves ¥152bn, 30% of subsidiaries’ revenue; Funko-like licensing rates leave ¥52–113bn.
What we assumed
- The starting residual is ¥169bn, at a 47% card share.Itself a difference of estimates; the assumed card share alone can move it by tens of billions of yen.
- Each extra line’s size is a judgement band.Most have little direct evidence; online sales use two vendor estimates (ECDB, Grips) that differ 2.6-fold.
- Licensing earns about 5.5% of retail in the main case.An industry benchmark; a Funko-like 8–8.7% absorbs much more of the residual.
Sanity check
Corners run from −¥31bn (fully explained) to ¥206bn, so the residual is not proven. The main case says about a third of subsidiaries’ revenue is unexplained.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- EstimateAn estimate of how much of each Western list-price dollar reaches The Pokémon Company in the year to February 2026
- EstimatePokemoncenter com vendor gmv to yen and fill, 2025 (≈TPC year to February 2026)
- ReportedStructural zero or negative fills, TPC year to February 2026
Show the working
- Start residual ¥ billion (s 0.47, m 1.15): 169
- Max corner (all highs, Funko card game-OUT top): -30.6
- Min corner (all lows, industry card game-IN low): 206
- Min corner plus asian editions booked by parent a0.3: 263
- Small lines: points 4.8 − 3.5 + 3.1 + 6.0 + 4.0 + 3.0 + 0 = 17.4
- lows -30.1
- highs 100.4
- A: 169.1 − 17.4 = 151.7
- + Asian 17.6 = 169.3
- A2: 151.7 − 24.4..25.6 = 126.1–127.3
- B: 151.7 − 39.0..68.8 = 82.9–112.7
- C: − 84.0..99.3 = 52.4–67.7
- Max: 169.1 − 100.4 − 99.3 = -30.6
- Min: 169.1 + 30.1 + 6.5 = 205.7
Where it’s used
Related figures
Built from this one
- EstimateWhether The Pokémon Company's estimated revenue lines add up to group revenue for the year to February 2026
- EstimateBusiness line split of S bands, TPC year to February 2026
- EstimateSubsidiaries residual after q09 candidates post Q50 korea refresh, TPC year to February 2026 (2025 for Korea)Contingent IC add: ¥0–1.11bn
- EstimateMovable S to parent if title taking kk post Q50, TPC year to February 2026
- EstimateBand movement ledger q17, TPC year to February 2026
- EstimatePlacement algebra parent against kk seller, TPC year to February 2026