What this is
Nintendo's own attribution (most of the increase is TPC, with GO lifting cards and merchandise in Europe and the Americas,) names the TPCi territorial business. The parent's ΔL non-tax ceiling bounds any deferral at ≤¥5.2bn.
The values
- Table basis outside parent net profit: 25,400 to 27,400
- Below parent pretax table: 38,200 to 40,800
- Pickup basis extra: 18,789 to 24,952
- Pickup basis extra reading: no-revenue Q2 item, not TPCi's
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:
- EstimateProfit margins of The Pokémon Company group in the year to February 2017, implied by Nintendo’s affiliate table
- ReportedRetail sales licensed products, 2016$3.3bn
- EstimateA test of whether The Pokémon Company’s international arm booked Pokémon GO’s Western income; it fails unless the Tokyo parent’s other business earned far more than seems possible
- FiledQ&A A4 (26 Oct 2016): source of increase in equity-method income, H1 year to March 2017
- EstimateHow much of the Tokyo parent’s ¥11.8bn rise in liabilities in the year to February 2017 was tax
- EstimateNintendo’s quarterly share of The Pokémon Company’s profit in its year to March 2017; the July–September quarter alone implies ¥37.5bn of company profit, 59% of the year
Show the working
- table basis ex club, below-parent pretax ¥38.2-40.8bn vs cards ≤14-27bn + Western merch licensing (≈¥20bn CY2016 revenue,) + a TPCi GO slice ≤ 35,640 - 18,171 = 17,469 : fits with