What this is
If the 8.25% card royalty of 2020–21 continued on 92.9% of 상품매출 (the 2021 card share,), TPC 매입 등 still leaves ₩5.3–12.9bn a year (20–43% of 당기상품매입액) for licence pass-through, goods or other charges. Reading 1 (no assumption) caps TPC at 35–60% of goods purchases.
Normalised from KRW millions so it can sit beside KRW billion rows. Pokémon Korea’s filings use both.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- FiledCard royalty cost rate and payee test, 2017–2021
- FiledRevenue line map old to new format, 2021 (bridge for 2022–25)
- EstimateBounds on card purchases from TPC, 2017–2021
- ReportedA reading of every Pokémon Korea filing on Korea's product-safety register26
Show the working
- 63,989,376 × 0.929 × 0.0825 = 4,904,000 천원
- 17,797,188 − 4,904,000 = 12,893,000
- ÷ 29,823,686 = 43.2%