THE WHY HOW DO CompanyTHE WHY HOW DO COMPANY, Inc.3823東証スタンダード情報・通信業FY ending Aug 2025, consolidated, J-GAAP
It lost about ¥4 for every ¥100 of sales at the operating level. Revenue changed +134.3% from the prior year.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2021 | — | —× | -41.3% | —× | — |
| 2022 | — | —× | -26.2% | —× | — |
| 2023 | — | —× | -23.0% | —× | — |
| 2024 | — | —× | -66.6% | —× | — |
| 2025 | — | —× | -3.4% | —× | — |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.
| Item | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
|---|---|---|---|---|---|
| Revenue | 902 | 919 | 941 | 748 | 1,752 |
| Cost of revenue | 848 | 550 | 622 | 393 | 851 |
| Gross profit | 54 | 369 | 319 | 355 | 900 |
| SG&A | 568 | 530 | 563 | 603 | 973 |
| Operating income | -514 | -162 | -244 | -248 | -73 |
| Pretax income | -580 | -386 | -327 | -970 | -7 |
| Income tax | 1 | 17 | 18 | 30 | 49 |
| Net income attributable to owners | -581 | -403 | -348 | -962 | -69 |
| Operating margin | -57.1% | -17.6% | -25.9% | -33.2% | -4.2% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending Aug 2021 | FY ending Aug 2022 | FY ending Aug 2023 | FY ending Aug 2024 | FY ending Aug 2025 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥736.3M | ¥1.1B | ¥520M | ¥595.7M | ¥1.25B |
| Total assets | ¥1.41B | ¥1.67B | ¥1.35B | ¥1.53B | ¥2.47B |
| Net assets | ¥748M | ¥1.1B | ¥812.7M | ¥776.6M | ¥1.58B |
| Share capital | ¥765.6M | ¥1.12B | ¥1.12B | ¥1.62B | ¥2.06B |
| Property, plant and equipment | ¥101.8M | ¥29.9M | ¥57.9M | ¥417.3M | ¥75.2M |
| Intangible assets excluding goodwill | ¥270.9M | ¥87M | ¥155.2M | ¥46M | ¥134.8M |
| Goodwill | ¥195.7M | ¥2.6M | ¥15M | ¥13.3M | ¥108.5M |
| Current assets | ¥956.3M | ¥1.41B | ¥830.3M | ¥820M | ¥1.74B |
| Current liabilities | ¥265.6M | ¥222.5M | ¥241.5M | ¥251M | ¥436.4M |
| Trade payables | — | — | ¥21.6M | ¥23M | ¥96.3M |
| Short-term borrowings | ¥151M | ¥94.6M | ¥61.1M | ¥45.8M | ¥64.5M |
| Long-term borrowings | ¥368.2M | ¥321.9M | ¥276.1M | ¥415.1M | ¥270.9M |
| Total liabilities | ¥657.6M | ¥567.2M | ¥541.3M | ¥757.4M | ¥895.3M |
| Non-controlling interests | — | ¥6.2M | ¥54.1M | ¥16.6M | ¥29.6M |
| Equity attributable to owners of parent | ¥725.5M | ¥1.02B | ¥674.4M | ¥717.8M | ¥1.54B |
| Retained earnings | -¥1.95B | -¥2.35B | -¥2.7B | -¥3.66B | -¥3.73B |
| Treasury stock | -¥161K | -¥161K | -¥161K | -¥161K | -¥161K |
EDINET (FSA Japan)
有価証券報告書－第21期(2024/09/01－2025/08/31)
EDINET (FSA Japan)
有価証券報告書－第20期(2023/09/01－2024/08/31)
EDINET (FSA Japan)
訂正有価証券報告書－第19期(2022/09/01－2023/08/31)
EDINET (FSA Japan)
有価証券報告書－第18期(令和3年9月1日－令和4年8月31日)
EDINET (FSA Japan)
訂正有価証券報告書－第17期(令和2年9月1日－令和3年8月31日)
EDINET (FSA Japan)
有価証券報告書－第16期(令和1年9月1日－令和2年8月31日)
Extracted from XBRL: 47 / Derived from other figures: 1
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