What this is
Identity S = 571,433 − O + IC : a parent card sale to Korea raises S and the TPC subsidiaries' residual one-for-one.
The values
- If local contract print or third party or own plant: ¥0bn
- If bought from parent shipped from Japan cost plus: ¥1.1–2.85bn
- Card component ceiling ¥ billion CIF: 2.85
- Card component ceiling ¥ billion FOB: 2.03
- D12 band ¥ billion was: 0 to 4.6
- D12 ceiling was: 6.3
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- EstimateTPC subsidiaries external revenue identity, TPC year to February 2026 (Mar 2025–Feb 2026) ↔ Nintendo year to March 2026 (Apr 2025–Mar 2026)¥571.4bn
- EstimateKorea's total imports from Japan in 2025 under the customs heading for card games
- EstimateJapan origin unit value against korean card prices, 2025
- FiledKorea reported imports HS 950440 from USA, 2021
Show the working
- N×g×₩29,175/kg÷9.51: 0.2bn×1.8g = ¥1.10bn
- 0.45bn×2.5g = ¥3.45bn, capped at whole flow ¥2.85bn
- 4.56 − 2.85 = 1.71