THE WHY HOW DO COMPANY, Inc.

3823 THE WHY HOW DO COMPANY株式会社

Software - Application · Standard · TSE: Disclosed

PRICE: ¥32 · MKT CAP: ¥3.5B · P/E: — · P/B: 2.30x · DIV YIELD: 0.0%

PRICE — 5Y

Characteristics & Business Summary

THE WHY HOW DO COMPANY, Inc. provides services and solutions for smartphones in Japan. It develops platform solutions for smartphones and IoT related solutions; and handles social games and app-related services, and other contract development projects. It...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	902	919	941	748	1,752
Operating Profit	-514	-162	-244	-248	-73
Ordinary Profit	-406	-162	-297	-290	-786
Net Profit	-581	-403	-348	-962	-69
EPS	¥-19	¥-12	¥-10	¥-13	¥-1
DPS	¥0	¥0	¥0	¥0	¥0

Balance Sheet & Valuation Highlights

Total Assets ¥2B

Net Assets (Equity) ¥2B

Equity Ratio 62.2%

ROE (Return on Equity) -4.5%

Cash & Equivalents ¥1B

Interest-Bearing Debt ¥0B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. 田邊勝己 5.7%
2. Rakuten Securities, Inc. 3.0%
3. SBI Securities Co., Ltd. 1.6%
4. 江藤重光 1.1%
5. 岩田達也 1.0%
6. 株式会社ロビージャパン 0.7%
7. 豊岡幸治 0.7%
8. Morgan Stanley 0.7%
9. ＳМＢＣ日興証券株式会社 0.7%
10. JPMorgan Securities Japan Co., Ltd. 0.6%

Activist Activity

Long Corridor Asset Management Limited 5.01%

2026-06-12 · decrease

Long Corridor Asset Management Limited 5.93%

2026-05-28 · decrease

Long Corridor Asset Management Limited 7.75%

2026-04-30 · change

Long Corridor Asset Management Limited 8.76%

2026-04-28 · change

Long Corridor Asset Management Limited 11.99%

2026-04-21 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥30	¥27	¥27	¥10	¥16
FCF/Share	¥-10	¥-4	¥-11	¥-10	¥-1
EPS	¥-19	¥-12	¥-10	¥-13	¥-1
DPS	¥0	¥0	¥0	¥0	¥0
Capital Spending per share	¥0	¥0	¥1	¥10	¥0
Book Value per share	¥24	¥29	¥19	¥10	¥14
Common Shares Outstanding	30M	35M	35M	75M	110M

Financial Aggregates & Margins

Financial Aggregate	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥1B	¥1B	¥1B	¥1B	¥2B
Operating Margin (%)	-57.1%	-17.6%	-25.9%	-33.2%	-4.2%
Net Profit (owners)	¥-1B	¥-0B	¥-0B	¥-1B	¥-0B
Net Profit Margin (%)	-64.4%	-43.9%	-36.9%	-128.6%	-3.9%
Working Capital	¥0B	¥1B	¥0B	¥0B	¥1B
Total Debt (Interest-bearing)	¥1B	¥0B	¥0B	¥0B	¥0B
Net Worth (Common Equity)	¥1B	¥1B	¥1B	¥1B	¥2B
Return on Total Assets (ROA)	-41.3%	-24.1%	-25.7%	-62.7%	-2.8%
Return on Common Equity (ROE)	-80.1%	-39.5%	-51.5%	-134.0%	-4.5%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.