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D12 resized by purchase note, 2025 ≈ TPC year to February 2026

2025 ≈ TPC year to February 2026

EstimateOur model or estimate. Treat it as an order of magnitude.

What this is

Identity S = 571,433 − O + IC : IC is the parent's sales to its subsidiaries of any nature. Whatever Tokyo sold or charged Pokémon Korea in 2025 is inside the note's ₩10.52bn 매입 등 (the note lists every related-party flow), so Korea's contribution to IC is ≤¥1.1bn.

The values

  • Observed all natures TPC to Korea 2025: ¥1.11bn
  • Band now: ¥0–1.11bn
  • Card leg lean: ¥0bn
  • If TPC books its Korean receipts as revenue IC from Korea: ¥1.11bn

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:

Show the working
  1. 10,520,785 천원 ÷ 9.51 = ¥1.106bn
  2. 3.24/1.106 = 2.9×
  3. 4.56/1.106 = 4.1×

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