Can Takara help design the new Megazord figures?

Not in a million years. The Megazords are designed by Bandai of Japan - Takara’s biggest rival. There is no way they’d pay their rival to help them out, and then have to pay them a fraction of every profit.

It'd be like Sony asking Nintendo to help design their next handheld. It just won't happen.

I meant for Hasbro's Power Rangers toylines, not design Megazords for the Sentai.

Yes, I know. Bandai will not allow their biggest economic rival to design toys for their property.
If Takara helped design them, then Hasbro would have to pay Takara for the work, and that means Takara would be profiting from BoJ's time and money.

Refer again to my 'Nintendo designing Sony's next handheld' analogy. It won't happen.

Funny how you say that about Sony when the playstation was a collaborative project between Sony and Nintendo at first.

Keep in mind companies may help others out to make sure the market is healthy. Competition is healthy

Now as to Takara working on stuff.

We are talking about Power Rangers. BOJ can't do anything about business in the US when it comes to Power Rangers. If Hasbro is designing the toys then BOJ can't jump in.

I don't think Hasbro is going to be BOJ distributor. They aren't going to take BOJ molds to make the megazords and other figures.

So Takara would not be profiting off BOJ's work.

I never said PlayStation, did I? I said ‘handheld’ as in a generic thing. Don’t put words in my mouth.

Furthermore, there is every chance that Hasbro will, indeed, use the BoJ molds.
And even if they don’t, Hasbro has to pay BoJ for the right to make Power Rangers toys in the West.
And if Takara were to design those toys, Hasbro would have to pay Takara too.

Therefore, yes, Takara would be profiting from Bandai’s intellectual property. Or rather, it’s joint intellectual property with Toei.

Bottom line, BoJ would have had to have been part of whatever negations resulted in Hasbro getting the licence, and considering how bitter rivals BoJ and Takara are, it is highly likely that a ‘keep Takara out of it’ clause would have been in the agreement.

It’s simple business studies.

Does Bandai own Super Sentai though or is it Toei?

As I say in my post - they own it jointly.

If that was true then Power Rangers would not have been able to leave Bandai at all, right?

It is true. That is a fact.

And that is exactly my point. For Bandai of Japan to let the toy rights for Power Rangers slip from their American branch they must be convinced it is in their best interest.

Hence the likelihood that there is a lot to the agreement that we will just never know - all kinds of provisos and what not. Chiefly of which, of course, would be not letting Takara -their chief rivals - anywhere near it.