How it’s built
- If the Pokémon side skipped the $10m milestone tranche, the ratio would be 0.67; matching 0.73 needs milestone shares priced 1.2–1.4 times the first round.
- If the overseas arm held part of an equal stake, it would need 26–30%.
- If the stake was equal and losses were netted, ¥8.9bn of one-off losses would be needed.
What we assumed
- The Pokémon Company’s cost was between zero and ¥1.16bn, centred on ¥775m.¥775m is $6.66m at the 2015 rate; the actual cost is not disclosed.
- Both companies held the same class of shares sold at the same price.Nothing says otherwise, but share classes are not disclosed.
Sanity check
These are arithmetic requirements, not evidence. The netted-loss case would need losses 8–15 times the largest the company booked in the five prior years.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- C extraordinary losses needed if equal position: 8,855
- D cost needed if equal position: 10,018
- (23,809+775)/33,827 = 0.7267
- 3.33/(6.66/0.7267 − 6.66) = 1.33
- 33,827×6.66/9.99 − 775 = 21,777
Where it’s used
Related figures
Built from this one