What this is
Reuters Japan calls the $350m a 追加配当 (additional dividend),; Niantic says it is 'distributed as part of the deal'. If paid as a dividend, holders would book it as 受取配当金 (non-operating), and the 売却価額/gain would cover only the $3.5bn leg: Nintendo's stake then reads 6.71% (not 6.10%).
The values
- Nintendo stake on 3500 base: 6.71%
- Nintendo dividend leg: ¥3,383m
- TPC stake on 3500 base: 4.87 to 4.95%
- TPC dividend leg: ¥2,458–2,497m
- TPC non operating step up: ¥4,818m
- TPC dividend leg share of step up: 51 to 52%
Where it comes from
Our calculation from other figures in the trainer’s notes:
- Reported追加配当 to shareholders (Reuters Japan), announced 12 March 2025$350m
- ReportedReuters Japanese: 株主への追加配当, March 2025$350m
- FiledDistribution to equity holders in the Scopely deal, announced 12 March 2025$350m
- Filed営業外損益 series year to February 2021–year to February 2026 (parent-only), year to February 2021–year to February 2026
Show the working
- 33,827/144.09/3,500 = 6.71%
- 24,584/144.09/3,500 = 4.87%
- ×350×144.09 = 2,458
- 5,556 − 738 = 4,818
Where it’s used
Related figures
Built from this one