What this is
Which explanation best fits The Pokémon Company’s gain being 0.73 of Nintendo’s: most likely the Tokyo company held about 73% of a Pokémon ticket shared with its US arm.
How it’s built
- With equal $6.67m tickets, the Pokémon side started level with Nintendo.
- Three explanations: the Tokyo company held only part of the ticket; the Pokémon side skipped the milestone and paid more later; or losses were netted against the gain.
- Only the first uses a documented feature of the round: four buyers for three tickets.
What we assumed
- Nintendo paid about $10m, its upfront third plus a share of the milestone.Its ¥1.16bn cost is too high for $6.67m at any 2015–2019 exchange rate.
- The split figures (73% / 27%, about ¥8.9bn for the US arm) are arithmetic on the ratio.They are not sourced; a round $5m share would be within 2.8%, inside exchange-rate noise.
Sanity check
Nothing documents how the ticket was split; the alternatives remain possible.
Where it comes from
Our calculation from other figures in the trainer’s notes:
- EstimateHow Niantic’s $20m October 2015 round was probably split
- EstimateEvidence that Nintendo put more than its $6.67m upfront share into Niantic
- EstimateWhat each possible explanation of the 0.73 gain ratio between The Pokémon Company and Nintendo would require, in numbers
- EstimateNetting required for equal position, year to February 2026
Show the working
- 23,809/32,664 = 0.729
- 0.75 × (33,827 − 1,163) = 24,498
- 24,498 − 23,809 = 689
Where it’s used
Related figures
Built from this one