What this is
Divide the recycle by each affiliate's Nintendo stake. Warpstar (¥10m capital, Kirby licensing agent, stepped to 100% on 1-Apr-2025) would need ¥23.4bn of AOCI; PUX ¥43bn; the Mariners' LLLP ¥117bn of OCI, which a US sports partnership does not carry.
The values
- Warpstar 50: 23,358%
- PUX 27: 43,256%
- First Avenue NOA 10: 116,790%
- Warpstar capital: 10
- PUX capital: 45
Where it comes from
Our calculation from other figures in the trainer’s notes:
- FiledWarpstar (㈱ワープスター) as equity-method affiliate: 50% voting, 商品化権管理の受託, ¥10m capital, year to March 2022 (31 March 2022)
- ReportedEquity method affiliate set by elimination, year to March 2026, year to March 2026 (31 Mar 2026)
Show the working
- 11,679/0.50 = 23,358
- /0.27 = 43,256
- /0.10 = 116,790