THE WHY HOW DO COMPANY, Inc. logo

THE WHY HOW DO COMPANY, Inc.

3823.T

JPXTechnologySoftware - Application

Latest quote

¥32.00

+¥1.00 · +3.23%

Aug 24, 3:30 PM JST

3823.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

THE WHY HOW DO COMPANY, Inc., headquartered in Tokyo, Japan, is a multifaceted enterprise that primarily delivers a broad range of services and solutions centered around smartphones and the Internet of Things (IoT). Established in 2004, the firm, which rebranded from Acrodea, Inc. in January 2022, operates across various sectors. Its digital portfolio encompasses IoT services such as "i ball technical shot," "I ball technical pitch," and specialized IoT systems for intercoms. In the gaming sector, the company develops titles like "Boku-J," "Soccer Japan National Team Heroes," and "Nade-Saka." They also offer mobile customization solutions, including "Kiskae Touch" for changing Android themes, a dedicated system for managing demo devices in mobile operator retail outlets, and the "Rakuobi application" tailored for real estate agencies. Beyond these specific products, the company provides overarching platform services for smartphones and IoT, offers contracted game development, creates social games and applications, delivers IT services for research and development, and has developed proprietary solutions such as "Digital Copel." Notably, it also manages a bingo gaming system approved by the Guam government. Expanding beyond its core technology offerings, THE WHY HOW DO COMPANY, Inc. has diversified into several other business areas. These include real estate subleasing, trademark management, and ventures within the food and beverage and hospitality industries. The company also develops and operates variety stores under the "Niku Yokochu" brand. Furthermore, it runs the Interplan IT school, providing IT seminars for job seekers and professional training services.

Industry
Software - Application
Sector
Technology
Headquarters
JP
CEO
Shingo Kameda
Listed since
Oct 19, 2006
Employees
206

Market position

Day range

Current ¥32.00

52-week range

Current ¥32.00

Open
¥31.00
Previous close
¥31.00
Volume
712.1K
0.59× average
Average volume
1.21M
Average daily volume
Market cap
4.81B JPY
Beta
0.95
Market reference 1
50-day average
¥31.14
+2.76% above average
200-day average
¥44.765
-28.52% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.59B JPY
P/E (TTM)
-7.77×
P/B (TTM)
3.03×
P/S (TTM)
1.82×
EV / EBITDA
-9×
Earnings yield
-0.92%
Free cash flow yield
-1.51%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
54.04%
Operating margin
-45.22%
Net margin
-20.44%
Return on equity
-4.46%
Return on assets
-2.79%
Return on invested capital
-37.00%

Financial health

Debt / equity
0.83×
Current ratio
3.98×
Altman Z-score
1.36
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends69%-3%-75%-147%Gross margin, FY2021: 0.37%Gross margin, FY2022: 36.39%Gross margin, FY2023: 33.45%Gross margin, FY2024: 47.15%Gross margin, FY2025: 50.81%Operating margin, FY2021: -53.06%Operating margin, FY2022: -18.71%Operating margin, FY2023: -29.53%Operating margin, FY2024: -40.51%Operating margin, FY2025: -44.39%Net margin, FY2021: -64.45%Net margin, FY2022: -43.88%Net margin, FY2023: -36.93%Net margin, FY2024: -128.62%Net margin, FY2025: -3.94%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 0.37%. Gross margin FY2022 36.39%. Gross margin FY2023 33.45%. Gross margin FY2024 47.15%. Gross margin FY2025 50.81%. Operating margin FY2021 -53.06%. Operating margin FY2022 -18.71%. Operating margin FY2023 -29.53%. Operating margin FY2024 -40.51%. Operating margin FY2025 -44.39%. Net margin FY2021 -64.45%. Net margin FY2022 -43.88%. Net margin FY2023 -36.93%. Net margin FY2024 -128.62%. Net margin FY2025 -3.94%.

Income trends

Revenue

1.75B JPY+134.28%

Operating income

−777.45M JPY-156.67%

Net income

−69.04M JPY+92.82%
Income trends across reported periods2.02B JPY937.58M JPY−147.69M JPY−1.23B JPYRevenue, FY2021: 901.53M JPYRevenue, FY2022: 919.08M JPYRevenue, FY2023: 941.14M JPYRevenue, FY2024: 747.64M JPYRevenue, FY2025: 1.75B JPYOperating income, FY2021: −478.36M JPYOperating income, FY2022: −172M JPYOperating income, FY2023: −277.94M JPYOperating income, FY2024: −302.89M JPYOperating income, FY2025: −777.45M JPYNet income, FY2021: −581.02M JPYNet income, FY2022: −403.28M JPYNet income, FY2023: −347.53M JPYNet income, FY2024: −961.65M JPYNet income, FY2025: −69.04M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 901.53M JPY. Revenue FY2022 919.08M JPY. Revenue FY2023 941.14M JPY. Revenue FY2024 747.64M JPY. Revenue FY2025 1.75B JPY. Operating income FY2021 −478.36M JPY. Operating income FY2022 −172M JPY. Operating income FY2023 −277.94M JPY. Operating income FY2024 −302.89M JPY. Operating income FY2025 −777.45M JPY. Net income FY2021 −581.02M JPY. Net income FY2022 −403.28M JPY. Net income FY2023 −347.53M JPY. Net income FY2024 −961.65M JPY. Net income FY2025 −69.04M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue1.75B JPY747.64M JPY941.14M JPY919.08M JPY901.53M JPY
Cost of goods sold861.66M JPY395.13M JPY626.33M JPY584.6M JPY898.24M JPY
Gross profit889.88M JPY352.5M JPY314.82M JPY334.49M JPY3.29M JPY
Selling, general, and administrative1.67B JPY655.4M JPY607.98M JPY506.49M JPY481.66M JPY
Operating expenses1.67B JPY655.4M JPY592.75M JPY506.49M JPY481.66M JPY
Interest income13.51M JPY23.75M JPY11.13M JPY1.38M JPY10.2M JPY
Interest expense6.27M JPY9.02M JPY2.69M JPY3.92M JPY5.23M JPY
Depreciation and amortization45.06M JPY26.07M JPY25.6M JPY58.2M JPY116.79M JPY
Operating income−777.45M JPY−302.89M JPY−277.94M JPY−172M JPY−478.36M JPY
Net income−69.04M JPY−961.65M JPY−347.53M JPY−403.28M JPY−581.02M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-2.73

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates1.12-2.35-5.82-9.29Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q2 '26
Q4 2024, reported Oct 18, 2024: actual -8.57, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 14, 2025: actual -0.54, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 14, 2025: actual -0.28, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 14, 2025: actual 0.4, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 15, 2025: actual -0.31, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 14, 2026: actual -1.23, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 14, 2026: actual -2.91, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 15, 2026: actual -2.73, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates947.01M690.56M434.1M177.65MQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q2 '26
Q4 2024, reported Oct 18, 2024: actual 209M JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 14, 2025: actual 406M JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 14, 2025: actual 403M JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 14, 2025: actual 465M JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 15, 2025: actual 477M JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 14, 2026: actual 806.69M JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 14, 2026: actual 892.34M JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Jun 15, 2026: actual 633M JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Feb 26, 2014

100:1

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