What this is
A ceiling on One Piece’s toy and hobby revenue outside Japan for Bandai Namco’s year to March 2025: about ¥45bn ($0.30bn).
How it’s built
- Bandai Namco’s One Piece revenue for the whole group (¥139.5bn) minus its Japan toys and hobby revenue (¥94.2bn) leaves ¥45.3bn for everything else.
What we assumed
- The remainder is an upper bound for One Piece cards abroad.It also includes digital, video and amusement income. But Japan’s figure counts exports, so cards shipped straight from Japan to overseas distributors escape this bound.
Sanity check
About 0.2–0.3 times modelled Pokémon publisher revenue outside Japan. Japan’s One Piece toy and hobby sales grew 56% that year.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- Ceiling $ billion at 150.98, year to March 2025: 0.3
- Japan TH growth year to March 2025: 0.562
- Ceiling over Pokémon exJapan publisher s0.47: 0.21 to 0.27
- 139.5 - 94.2 = 45.3
- 112.1 - 60.3 = 51.8
- 45.3/150.98 = $0.30bn
- 94.2/60.3 - 1 = 56.2%
- 45.3/214.2 = 0.21
- 45.3/164.8 = 0.27