How The Pokémon Company's parent operating margin moved over the years to February 2022–2026

What this is

How The Pokémon Company's parent operating margin moved over the years to February 2022–2026: it stayed between 24.5% and 29.8%, averaging 27.8%. Of each extra yen of revenue over the period, about 25.7 sen became operating profit.

How it’s built

1. Revenue and operating profit from the parent company's notices in Japan's official gazette.
2. Extra profit per extra yen = change in operating profit ÷ change in revenue: (¥144.0bn − ¥59.9bn) ÷ (¥531.4bn − ¥204.2bn).
3. Year by year, that rate ranged from 10.6% (year to February 2025) to 38.1% (year to February 2022).

What we assumed

• Operating profit leaves out one-off gains.It sits above extraordinary items, so the latest year's one-off gain does not affect it.

Sanity check

Revenue grew 2.6 times and operating profit 2.4 times, so the margin edged down rather than up.

Where it comes from

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

• FiledOrdinary profit = pretax − 特別損益 (check) year to February 2026, year to February 2026¥149.5bn
• FiledOperating profit cagr and share of year to February 2026 ordinary, year to February 2021-year to February 2026
• FiledThe Pokémon Company's (Tokyo company) operating profit as a share of revenue each year, years to February 2021 to 202627.1%

Where it’s used

• ProfileThe Pokémon Company