What this is
What a ceiling-rate founder royalty would imply: in the year to February 2026 it would be about ¥73–88bn, half or more of The Pokémon Company's ¥144bn operating profit.
How it’s built
- Took the ceiling royalty rates of 13.7% and 16.6% of sales from the earlier calculation.
- Applied them to the year's ¥531,428m revenue, giving ¥72,761m to ¥88,211m, and compared with operating profit and each year's operating margin since 2021.
What we assumed
- The royalty rate stayed the same as the year to February 2020.No source gives a rate in any year; holding it constant is the simplest test.
- Creatures gets 34% of any royalty, taxed at 30.7%.Carried over from the ceiling calculation; the shareholding split rests on an uncited press report.
Sanity check
If true, Creatures' profit for the year to March 2026 would be at least ¥17bn, against about ¥6.8bn on a fee basis. One Creatures results notice would settle which is right.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- EstimateAn upper limit on the royalty The Pokémon Company could pay its founders
- FiledThe Pokémon Company's (Tokyo company) operating profit as a share of revenue each year, years to February 2021 to 202627.1%
Show the working
- Ceiling rate: 13.7 to 16.6%
- Creatures fee path year to March 2026 ¥ million (, k=0): 6,804
- 13.7% + OM 24.5-29.8% → pre-royalty OM 38-46%
- FY2/26 ceiling royalty ¥72.8-88.2bn