What this is
Holds the parent's ex-Pocket business at year to February 2024's operating margin (29.8%,) to back out Pocket's implied OP contribution in year to February 2025 and year to February 2026 under gross and net (×0.70,) booking, compared with TPC's residual share of Pocket gross (0.464,); the residual minus contribution is the implied other Pocket cost.
The values
- TPC residual on Pocket, year to February 2025: ¥57bn
- Gross up share of five year increase: 10.9%
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:
- ReportedOperating margin, year to February 2024 (Mar 2023–Feb 2024)29.8%
- EstimateTCG Pocket players' spending, by TPC's financial year
- EstimateHow big Pokémon TCG Pocket is inside The Pokémon Company Tokyo company’s accounts, years to February 2025–2027, shown both gross and net of app-store fees¥105–150bn
- EstimatePocket share of TPC revenue and operating profit, TPC year to February 2024–year to February 2027; Nintendo year to March 2027
- ReportedHow much revenue grew over five years to 2025–26, as a multiple
Show the working
- 410.9 − 122.9 = 288.0 (−3.2%)
- 410.9 − 86.0 = 324.9 (+9.2%)
- 100.7 − 0.298 × 288.0 = 14.9
- 100.7 − 0.298 × 324.9 = 3.9
- 0.464 × 122.9 = 57.0 → 42.1 / 53.1
- FY2/26 69.6 − 30.3 = 39.3, 69.6 − 16.9 = 52.7
- 486.4/120.0 = 4.05
- 381.4/120.0 = 3.18
- 426.4/120.0 = 3.55
- 45/411.4 = 10.9%