Information & Communication · Fiscal year end Aug 31

THE WHY HOW DO COMPANY, Inc.

3823

ＴＨＥ　ＷＨＹ　ＨＯＷ　ＤＯ　ＣＯＭＰＡＮＹ株式会社

FIGI BBG000L69VY73823.T3823 JPCorp. no. 7013201013779

Latest half-year results

First half · fiscal year to 2026-04 · filed 2026-04-15

For the first half of the fiscal year to 2026-04: Revenue ¥1.7 billion (+110.0% YoY), Ordinary income ¥-0.5 billion, Net income ¥-0.5 billion.

	This period	Year on year
Revenue	¥1.7bn	+110.0%
Ordinary profit	−¥473m	—
Net profit to owners	−¥540m	—

From the securities report on EDINET, which states no forecast. History via /v1/companies/3823/earnings-releases.

Financials

Japan GAAP · consolidated · fiscal year to 2026-04-30

Revenue: ¥2.3bn
Net income: −¥929m
ROE: -60.4%
Equity ratio: 28.9%
Dividend / share: —
Employees: 206

Revenue · ¥bn

Net income · ¥m

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2026-04-30	¥2,333m	−¥929m	¥5,331m	¥1,586m	-60.4%	¥-7.11	−¥717m
2025-04-30	¥1,752m	−¥69m	¥2,473m	¥1,578m	-6.0%	¥-0.73	−¥64m
2024-04-30	¥748m	−¥962m	¥1,534m	¥777m	-132.1%	¥-17.6	−¥54m
2023-04-30	¥941m	−¥348m	¥1,354m	¥813m	-39.6%	¥-10.02	−¥371m
2022-04-30	¥919m	−¥403m	¥1,670m	¥1,103m	-45.5%	¥-12.66	−¥139m

Indicators

Computed by us from filings · fiscal year to 2026-04-30

Metric	Value	Percentile among listed companies
ROE, %	-60.4	0.7
Ordinary margin	-0.3849	2
Equity ratio, %	28.9	13.2
Revenue growth	0.3318	94.7
Net income growth	-12.4588	0.7
Operating cash flow / assets	-0.1345	3.8

Policy-uncertainty measure0.00 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Ownership activity 0 filer(s) stated they may make proposals in 365 days; 0 new 5% holder(s) in 180 days; net stake change −1.64pt in 90 days; 0.0% held by other listed companies.

Results wording balance: +1.00. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥1.9bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥9m. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/3823/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Internal control, 2026-07-30: see filing 上記の評価の結果、当連結会計年度末時点において、当社グループの財務報告に係る内部統制は有効であると判断いたしました。 Filing

Internal control, 2025-11-28: see filing 上記の評価の結果、当連結会計年度末時点において、当社グループの財務報告に係る内部統制は有効であると判断いたしました。 Filing

Segments, votes and tender offers

Stated in EDINET filings

Segments: SOLUTIONBUSINESS, Entertainment Business, EDUCATIONALRELATEDBUSINESS, Lifestyle Business, SUBLEASEBUSINESS, Industrial Waste Treatment Business, Other. /v1/companies/3823/segments

Latest voting result: 2026-07-29 · 取締役9名選任の件 · passed. /v1/companies/3823/voting

Ownership changes

All companies →

2026-10-22

Amendment−0.15pt

individual filer filed a correction to a 5% report on THE WHY HOW DO COMPANY, Inc. (3823).

S100Z8N4Original filing (PDF, Japanese)
2026-10-15

Decrease−0.16pt

individual filer reduced holdings in THE WHY HOW DO COMPANY, Inc. (3823) to 21.59% from 21.75%.

S100Z6QHOriginal filing (PDF, Japanese)
2026-09-17

Below 5%−1.48pt

Long Corridor Asset Management Limited cut holdings in THE WHY HOW DO COMPANY, Inc. (3823) to 3.53% from 5.01%, below the 5% threshold.

S100Z2HCFiler profile Original filing (PDF, Japanese)
2026-08-28

Amendment−0.96pt

individual filer filed a correction to a 5% report on THE WHY HOW DO COMPANY, Inc. (3823).

S100YZ35Original filing (PDF, Japanese)
2026-08-28

Amendment−0.16pt

individual filer filed a correction to a 5% report on THE WHY HOW DO COMPANY, Inc. (3823).

S100YZ3DOriginal filing (PDF, Japanese)
2026-06-12

Decrease−0.92pt

Long Corridor Asset Management Limited reduced holdings in THE WHY HOW DO COMPANY, Inc. (3823) to 5.01% from 5.93%.

S100YB00Filer profile Original filing (PDF, Japanese)
2026-06-05

Amendment0.00pt

kizan filed a correction to a 5% report on THE WHY HOW DO COMPANY, Inc. (3823).

S100Y83WFiler profile Original filing (PDF, Japanese)
2026-05-29

Amendment−0.58pt

Long Corridor Asset Management Limited filed a correction to a 5% report on THE WHY HOW DO COMPANY, Inc. (3823).

S100Y7GMFiler profile Original filing (PDF, Japanese)
2026-05-22

Decrease−1.24pt

Long Corridor Asset Management Limited reduced holdings in THE WHY HOW DO COMPANY, Inc. (3823) to 6.51% from 7.75%.

S100Y55ZFiler profile Original filing (PDF, Japanese)
2026-04-30

Decrease−1.01pt

Long Corridor Asset Management Limited reduced holdings in THE WHY HOW DO COMPANY, Inc. (3823) to 7.75% from 8.76%.

S100Y1JJFiler profile Original filing (PDF, Japanese)

Trades by 5% holders

From the 60-day trade tables in 5% reports

Bought SoldHover a dot for the trade

Holder	Period	Net shares	Net % of shares	Avg. filed price	Range
Long Corridor Asset Management Limited	2026-04-08 – 2026-09-15	+36,894,500	+24.13pt	¥53.28	¥51–54
individual filer	2001-09-08 – 2025-08-21	-6,074,800	−44.37pt	¥147.14	¥98–162
興和株式会社	2022-04-28 – 2025-03-18	+980,000	+6.86pt	¥162	¥162–162
Evo Fund	2023-01-09 – 2025-01-24	+1,747,600	−12.98pt	¥44.28	¥28–74
Evolution Capital Management LLC	2023-01-09 – 2025-01-24	+1,773,900	−12.96pt	¥44.31	¥28–74
individual filer	2025-01-14 – 2025-01-14	-6,460,000	−7.94pt	—	—
individual filer	2022-04-28 – 2022-04-28	+3,700,000	+9.64pt	—	—

Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/3823/trades.

5% filings

Large shareholding reports on 3823

Filed	Filer	Stake	Change	Stated purpose
2026-10-22	individual filer	21.60%	−0.15pt	—
2026-10-15	individual filer	21.59%	−0.16pt	—
2026-09-17	Long Corridor Asset Management Limited	3.53%	−1.48pt	pure investment
2026-08-28	individual filer	21.75%	−0.96pt	—
2026-08-28	individual filer	21.59%	−0.16pt	—
2026-06-12	Long Corridor Asset Management Limited	5.01%	−0.92pt	pure investment
2026-06-05	kizan	5.71%	—	pure investment
2026-05-29	Long Corridor Asset Management Limited	5.93%	−0.58pt	pure investment
2026-05-28	Long Corridor Asset Management Limited	5.93%	0.00pt	pure investment
2026-05-22	Long Corridor Asset Management Limited	6.51%	−1.24pt	pure investment

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: — issues
Book value: —
Sold in the year: — — issues
Bought in the year: — — issues
Mutual, both reports: 0
Held by listed cos.: 0

Purposes, all holdings and mutual flags via /v1/companies/3823/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2026-04-30

Shareholder	Shares	Ratio
individual holder	25,083,400	17.24%
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)	2,869,800	1.97%
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE	2,154,200	1.48%
楽天証券株式会社共有口	1,929,700	1.32%
individual holder	1,555,500	1.06%
individual holder	1,400,000	0.96%
NOMURA INTERNATIONAL PLC A/C JAPAN FLOW	926,600	0.63%
株式会社SBI証券	861,586	0.59%
ＪＰモルガン証券株式会社	729,500	0.50%
三菱ＵＦＪｅスマート証券株式会社	709,439	0.48%

Get this as JSON

GET /v1/companies/3823
GET /v1/companies/3823/financials
GET /v1/companies/3823/details
GET /v1/companies/3823/segments
GET /v1/companies/3823/voting
GET /v1/companies/3823/tender-offers
GET /v1/companies/3823/indicators
GET /v1/companies/3823/earnings-releases
GET /v1/events?ticker=3823
GET /v1/companies/3823/trades         
GET /v1/companies/3823/cross-holdings 
GET /v1/companies/3823/brief

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