What this is
Profit margins of The Pokémon Company group in the year to February 2017, implied by Nintendo’s affiliate table: pretax about 45–49%, net about 30–33%.
How it’s built
- Pretax profit of ¥61.3–63.3bn and net profit of ¥41.3–43.3bn, after removing the Mariners and two small affiliates.
- Divided by estimated group revenue of ¥129.9–135.8bn.
What we assumed
- The Mariners and two small affiliates are removed using vendor estimates.Nintendo’s table combines all four affiliates; Forbes data are the only club figures available.
- Group revenue is ¥130–136bn.Nintendo’s ¥166.1bn table less the Mariners and ¥1–5bn assumed for the two small affiliates.
Sanity check
Using profit implied by Nintendo’s share instead, the net margin would be 46–51%. Which basis applies changes 2017–2026 growth from about 4.5 to 8.1 times.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- FiledSumm fin info all associates pretax income, year to March 2017 (100%-basis implied, 4 associates combined)¥62bn
- EstimateClub net result proxy and share of aggregate ni, 2016 and 2025
- EstimateEstimated revenue of The Pokémon Company group for its year to February 2017
- FiledSumm fin info all associates net income, year to March 2017 (100%-basis implied, 4 associates combined)¥42bn
- EstimateThe Pokémon Company group’s net profit in the year to March 2017 after removing other affiliates from Nintendo’s table¥13.2–13.9bn
- EstimateThe size of an unexplained gap in the year to March 2017
Show the working
- TPC block pretax: ¥61.3–63.3bn
- TPC block pretax margin: 45.1 to 48.8%
- Printed pretax margin: 37.3%
- TPC block net profit: ¥41.3–43.3bn
- TPC block net margin: 30.4 to 33.4%
- Pickup basis net profit: ¥62.9–66.4bn
- Python
- TPC block pretax = 62,026 − club (−1,404…+216,) − Warpstar/PUX (100–500) = ¥61.3–63.3bn = 45.1–48.8% of ¥129.9–135.8bn (printed 62,026/166,109 = 37.3%)
- net 42,045 less the same = ¥41.3–43.3
Where it’s used
Related figures
Built from this one