What this is
Gazette arithmetic on the K.K.'s B/S summaries: the blank 売上高 is the non-大会社 disclosure rule (liabilities ≪ ¥20bn; the parent first printed 売上高 in year to February 2021 when its liabilities crossed ¥20bn), not hidden revenue.
The values
- Implied dividends year to February 2019 26: 0
- Large company liability test: ¥20,000m
- Net profit CAGR year to February 2018 26: 17.5%
- Net profit multiple year to February 2021 26: 2.26
- Parent revenue multiple year to February 2021 26: 4.43
- Net profit % of parent revenue year to February 2026: 0.07
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:
- EstimateOur judgement of the chance that TPC itself, rather than its store company, is the legal seller on a Japanese Pokémon Center receipt≈0.50–0.55
- EstimateWhether the Tokyo parent’s up-and-down profit, 2000–2016, tracks store openings and new subsidiaries
Show the working
- RE roll-forward 453 − 340 = 113 vs NI 112
- 627 − 453 = 174 = 174
- 792 − 627 = 165 vs 164
- 997 − 792 = 205
- 1,238 − 997 = 241 vs 240
- 1,562 − 1,238 = 324
- 1,872 − 1,562 = 310
- 2,243 − 1,872 = 371 vs 370 (residuals ≤ ¥1m = rounding ⇒ no dividends)
- Liabilities ≈ 3,976 − 2,243 − 8 = 1,725
- 5,813 − 1,562 − 8 = 4,243. (370/102)^(1/8) − 1 = 17.5%
Related figures
Built from this one