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A ceiling test

TPC Mar–Aug 2026 (Nintendo H1 year to March 2027)

EstimateOur ceiling calculation on official trade data and a model factor.

What this is

A ceiling test: if all of the rise in Japan's card exports were Pokémon revenue of the Tokyo company, it would add at most ¥8.77bn (seven Asian destinations) or ¥16.78bn (all destinations) to Nintendo's share of Pokémon profit for March–August 2026.

How it’s built

  1. Take the rise in export value against March–August 2025: ¥39.52bn to seven Asian destinations, ¥75.66bn worldwide.
  2. Multiply by 0.2218, the factor the site uses to turn Tokyo company revenue into Nintendo's share of profit.
  3. Compare with the unexplained ¥13.0–38.4bn in Nintendo's half-year share: the seven destinations cover at most 23–67%.

What we assumed

  • All of the rise is Pokémon card revenue of the Tokyo company, kept in full.Deliberately generous: the heading covers all playing cards, export values are exporters' declared prices rather than company revenue, and margins are below 100%. The true figure is lower by unknown amounts.

Sanity check

A ceiling, not an estimate. Even worldwide exports could cover only 44% of the top of the unexplained range.

Where it comes from

Our calculation from other figures in the trainer’s notes:

Show the working
  • Seven increment FOB jpy bn: 39.5
  • World increment FOB jpy bn: 75.7
  • Seven increment over Q08 200yen revenue bound 3.73: 10.6
  1. 39.52 × 0.2218 = 8.77
  2. 75.66 × 0.2218 = 16.78
  3. 8.77/13.0 = 0.67, 8.77/38.4 = 0.23
  4. 16.78/13.0 = 1.29, 16.78/38.4 = 0.44
  5. 39.52/3.73 = 10.6