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Record

Margin restatement by revised route set, probability-weighted (revision 2; extends), TPC year to February 2026 = Nintendo year to March 2026

TPC year to February 2026 = Nintendo year to March 2026

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

What this is

Weighted subsidiaries' NI move: 0.45×20.0 + 0.30×(½·20.0 + ½·36.5) + 0.13×36.5 = ¥22.2bn → 135.1 − 22.2 = ¥112.9bn. Konami: 35.3 − 27.6 = 7.7pt × ¥1,043bn ≈ ¥80bn.

The value

  • Parent operating margin: 27.1%

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. a2-wholly: X = 36,497/(1−t) = 46,199 (t 21%) to 52,604 (30.6%)
  2. (319,434 − 46,199)/1,019,861 = 26.8%
  3. (308,964 − 52,604)/1,047,861 = 24.5%
  4. weighted 0.45×27.77 + 0.30×(½·27.77 + ½·25.77) + 0.13×26.70 + 0.12×30.20 = 27.6%

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