What this is
Constant USD at ¥149.57: ¥19.1–20.5bn at Mar 2026 = ≈4.5% of below-parent NA 854,870 − 415,777 = ¥439.1bn, leaving TPC-only ¥418.6–420.0bn (US$2.80bn). With Σ Forbes OI 2016–25 $336.6m (..B-35) less $10–25m a year (+$87–237m retained; no distributions,): ¥32.0–55.9bn before the 2024 ROOT buy-out.
The values
- FA NA 100pct Mar 2016: ¥12.2–13.7bn
- Share of year to March 2017 non parent NA: 40 to 46%
- FA NA Aug 2016: ¥13.3–13.7bn
- FA NA Aug 2016 $ m: 128 to 137
- FA NA Mar 2026 constant $: ¥19.1–20.5bn
- Share of below parent NA: 4.5%
Some detail is too fine to show here; it is kept in the trainer’s notes.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- EstimateMariners gain against 661m and implied sold carrying, Aug 2016 (Nintendo Q2 year to March 2017)
- EstimateCarrying rollforward year to March 2016 to year to March 2018 and mariners sale, year to March 2016–year to March 2018
- ReportedTable non parent block leverage, year to March 2017, year to March 2017 table vs TPC parent year to February 2017; year to March 2026 table
- EstimateGroup minus parent balance sheet year to February 2026, Nintendo year to March 2026 affiliate aggregate vs TPC parent year to February 2026
- EstimateOperating income forbes, 2017−$2.4m
- ReportedOwner distributions, 1992-2018
Show the working
- Python, C on C
- First Avenue NA at 100%: Mar 2016 carrying 7,295/0.60 = 12,158 to 7,550/0.55 = 13,727 = ¥12.2–13.7bn, 40–46% of FY3/17's non-parent NA ¥30,027m
- Aug 2016 retained 10% ¥1,326–1,373m →
Where it’s used
Related figures
Built from this one
More figures on First Avenue Entertainment (Seattle Mariners) →