WHY HOW DO COMPANY,Inc.

WHY HOW DO COMPANY,Inc.

TTSE:3823
34.00
JPY
-2.00
(-5.56%)
7.75BMarket Cap
Jan 18Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
364.06
264.53
110.64
153.67
152.27
59.86
65.67
43.72
31.45
28.85
27.14
13.68
18.44
- -
Basic EPS, GAAP
-7.01
-35.53
-54.67
-34.02
-50.97
0.3
-11.75
-40.05
-20.27
-12.66
-10.02
-17.6
-0.73
- -
Free Cash Flow per Basic Share
-2.61
-27.14
-48.27
-25.21
-11.84
-6.55
-5.97
-13.54
-11.73
-5.4
-12.16
-15.44
-1.19
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
25.22
18.7
15.58
21.84
15.06
59.64
62.88
34.54
24.64
31.62
21.87
10.15
14.02
- -
Tangible Book Value per Share
-13.52
-25.15
-7.03
-10.39
-13.24
14.87
24.05
15.02
15.71
29.11
17.4
9.53
12.8
- -
Basic Weighted Avg Shares
12
12
14
15
17
22
24
26
29
32
35
55
95
130
Sales/Revenue/Turnover
4,312
3,205
1,514
2,281
2,663
1,302
1,554
1,147
902
919
941
748
1,752
- -
Operating Margin (%)
-1.87
-12.09
-57.25
-14.49
-13.66
3.96
-6.63
-37.65
-57.07
-17.58
-25.92
-33.16
-4.17
- -
Depreciation Expense
477
396
530
187
294
117
266
506
207
58
26
32
45
- -
Net Income, GAAP
-83
-430
-748
-505
-891
6
-278
-1,051
-581
-403
-348
-962
-69
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
75.65
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-1.93
-13.43
-49.41
-22.14
-33.47
0.5
-17.9
-91.6
-64.45
-43.88
-36.93
-128.62
-3.94
- -
Working Capital
-233
-87
-221
-275
-314
126
317
417
691
1,191
589
569
1,299
- -
LT Debt
150
300
- -
- -
- -
- -
11
225
368
322
276
415
271
- -
Total Equity
400
229
224
350
289
1,343
1,622
972
748
1,103
813
777
1,578
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
1.13
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
0.7
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-46.57
-162.98
-330.11
-175.69
-278.94
0.79
-18.76
-81.03
-67.57
-43.72
-37.46
-126.65
-5.98
- -

Capital Structure

JPY

•

in mil. unless spec.
Feb'25
Feb'26
Jul'26
ST Debt
69
269
- -
LT Borrowings
481
876
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
104
131
150
Market Capitalization
8,530
7,754
4,355

Working Capital

JPY

•

in mil. unless spec.
Feb'25
Feb'26
Jul'26
Total Current Assets
1,706
2,106
- -
Cash, Cash Equivalents & STI
1,131
1,300
- -
Accounts Receivable, Net
195
201
- -
Inventories
235
332
- -
Total Current Liabilities
424
861
- -
Payables & Accruals
- -
- -
- -
ST Debt
69
269
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
48.12%
19.37%
103.17%
Free Cash Flow
13.62%
20.93%
-86.58%
Net Income, GAAP
-418.57%
-1.05%
-92.82%
Sales/Revenue/Turnover
10.61%
19.33%
134.28%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
186
195
157
209
748
2025
- -
- -
- -
- -
1,752
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.83
-2.63
-2.18
-8.59
-17.6
2025
- -
- -
- -
- -
-0.73
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Shingo Kameda
Full Time Employees
206
Sector
Technology services
Industry
Packaged software
Address
Daisan Yamada Building Tokyo TY Japan 160-0005
IPO Date
Oct 19, 2006
Business
THE WHY HOW DO COMPANY, Inc. (3823.T) is a Japan-based pure holding company that provides smartphone services and solutions; computer education for individuals and corporations; real estate leasing including subleasing; planning, production, and operation of concerts, theater, performing arts, lectures, sports, and other events; intellectual property management, sales, and licensing; and other related activities through its subsidiaries. The company operates primarily in three segments: solution business, which develops platform solutions for smartphones and Internet of Things (IoT) devices including bingo systems, social games, application products, and contract development projects; restaurant-related business, encompassing real estate subleasing, trademark rights management, and restaurant operations; and education-related business, offering information technology seminars for job seekers with approximately six-month training periods. Founded on July 12, 2004, and headquartered at Yamada Building No. 3, 22 Aizumicho, Shinjuku-ku, Tokyo, the company maintains a consolidated presence in Japan with 76 employees and JPY 1.75 billion in revenue for the fiscal year ended August 31, 2025. Key subsidiaries include WHDC Acrodea Co., Ltd., which handles core solution operations following a June 2023 simple spin-off to transition to a pure holding structure; Shibuya Nikuyoriding Co., Ltd.; Interplan Co., Ltd.; SOUND PORT Co., Ltd.; Pavilions Co., Ltd.; Dream Planet Co., Ltd., specializing in capsule toy manufacturing, wholesale, and route sales to the food service industry; Sunrise Japan Co., Ltd.; and Ube Seikan Recycling Center Co., Ltd., focused on industrial waste processing. Recent developments include the September 2024 acquisition of capsule toy firm Dream Planet Co., Ltd. as a subsidiary, followed by additional share acquisitions announced in November 2025 to strengthen integration; a capital and business partnership with IROP in 2025 to co-create growth strategies in the after-salon hair care market leveraging consumer insights and marketing; and a business alliance with CresaVa in 2025 to develop recycling technologies combining carbon resources from clothing into coke and washi-based materials for a new industrial layer emphasizing technology, traditional materials, stable circular energy, and social impact.