What Pokémon Korea did with its profits from 2017 to 2025

What this is

What Pokémon Korea did with its profits from 2017 to 2025: it paid no dividends at all. Net profit of ₩85.9bn over the nine years turned an opening deficit of ₩2.1bn into retained earnings of ₩83.8bn.

Normalised from KRW millions so it can sit beside KRW billion rows. Pokémon Korea’s filings use both.

How it’s built

1. Each year's net profit was added to the deficit carried in at January 2017; the total matches the retained earnings in the 2025 accounts exactly.
2. No year's accounts show a dividend. The only money sent to TPC was the repayment of a small yen loan (¥300m at the end of 2017, at 0.6%), repaid by 2021.

What we assumed

• The cash left in Korea is about ¥8.1–8.3bn.₩76.8bn of cash at the end of 2025 converted to yen at an assumed rate; the won figure is filed, the yen figure is our conversion.

Sanity check

−₩2,125.7m + ₩85,934.8m = ₩83,809.1m, the filed retained earnings, so no money left through dividends.

Where it comes from

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

• FiledRetained earnings brought forward deficit, 2016 year-end (31 Dec 2016)-2,126 KRW millions
• FiledShort term borrowing from TPC jpy principal, 2018 year-end (31 Dec 2018)¥200m
• FiledLoan from TPC interest rate, 2018 (Jan–Dec 2018)0.6%

Where it’s used

• Start hereHow Pokémon works, in one read
• StoryTPCi