Key figures for The Pokémon Company group, year to February 2026

What this is

Key figures for The Pokémon Company group, year to February 2026: subsidiaries’ outside revenue ¥488–516bn, revenue up 7.5–8.1 times since 2017, the Tokyo parent about half the group.

How it’s built

Subsidiaries’ revenue: Nintendo’s combined affiliate revenue less the parent’s ¥531bn and the other affiliates’ ¥55–83bn.
Unexplained residual: subsidiaries’ revenue less modelled Western cards, licensing, online and events: ¥35–220bn, central ¥157bn.
Growth: group revenue of ¥1,020–1,048bn over the estimate for the year to February 2017, ¥130–136bn.
Parent 50.7–52.1% of group revenue; cards 26–32%.

What we assumed

The parent sells nothing to its own subsidiaries.Any such sales would raise the subsidiaries’ figure, so these are floors.
Other affiliates’ revenue is ¥55–83bn.Based on Forbes’ estimate for the Mariners, adjusted; it drives both ends.
Cards assume the company keeps 50% of Western list price.That is in the upper half of the research’s 35–59% band, so the card share may be high.
Growth uses one of three readings of an unresolved accounting question.Other readings give 4.5–6.75 times. If Forbes understates the club, the true multiple is higher still.

Sanity check

The residual is a difference between estimates and spans ¥35–220bn; read it as a sign that subsidiaries earn revenue the model does not explain, not as a figure.

Where it comes from

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

Show the working

S floor: 488,433 to 516,433
Parent share year to February 2026: 50.7 to 52.1%
Card share: 26.3 to 32.2%

S = 571,433 − O_total (, IC ≥ 0 so floors): 571,433 − 83,000 = 488,433
− 55,000 = 516,433
Residual = S − modelled Western lines 296.5–453.6 : 488.4 − 453.6 = 34.8
516.4 − 296.5 = 219.9
central 511.6 − 354.6 =

Where it’s used

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The IP

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