High Reported Revenue GrowthReported revenue growth of ~122% signals meaningful top-line momentum tied to product uptake. If sustained via enterprise contracts and subscriptions, this growth supports scaling investments, expands customer footprint, and underpins longer-term revenue durability.

Diverse Recurring Revenue Streams And PartnershipsThe business model mixes software sales, subscription cloud services, and consulting plus strategic technology partnerships. This blend provides recurring revenue, cross-sell opportunities and partner distribution that improve revenue visibility and reduce single-channel dependency over time.

Low Leverage / Stable Capital StructureA modest debt-to-equity ratio (~0.22) and stable equity ratio imply manageable leverage, leaving capacity to finance growth or weather cyclical stress without heavy refinancing. This balance sheet flexibility supports multi-quarter strategic investments and operational resilience.

Bears Say

Persistent Negative ProfitabilityDespite revenue gains, negative net, EBIT and EBITDA margins indicate the company struggles to convert sales into profits. Ongoing unprofitability erodes retained earnings, limits reinvestment capacity, and raises execution risk until operational efficiencies or pricing improvements restore positive margins.

Weak Operating And Free Cash FlowNegative operating and free cash flows show the business is not generating internal cash to fund operations or growth. This structural cash weakness increases reliance on external financing, constrains capital allocation, and can impede sustainable product development and customer expansion.

Small Organizational ScaleA headcount of 31 suggests limited internal resources for product development, sales scale, and enterprise delivery. Small scale can slow feature development, constrain customer support for large contracts, and increase execution risk as demand grows or competitive pressure intensifies.

3823 FAQ

What was WHY HOW DO COMPANY,Inc.’s price range in the past 12 months?

WHY HOW DO COMPANY,Inc. lowest stock price was ¥45.00 and its highest was ¥189.00 in the past 12 months.

What is WHY HOW DO COMPANY,Inc.’s market cap?

WHY HOW DO COMPANY,Inc.’s market cap is ¥9.07B.

When is WHY HOW DO COMPANY,Inc.’s upcoming earnings report date?

WHY HOW DO COMPANY,Inc.’s upcoming earnings report date is Apr 20, 2026 which is in 62 days.

How were WHY HOW DO COMPANY,Inc.’s earnings last quarter?

WHY HOW DO COMPANY,Inc. released its earnings results on Jan 14, 2026. The company reported -¥1.23 earnings per share for the quarter, missing the consensus estimate of N/A by -¥1.23.

Is WHY HOW DO COMPANY,Inc. overvalued?

According to Wall Street analysts WHY HOW DO COMPANY,Inc.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does WHY HOW DO COMPANY,Inc. pay dividends?

WHY HOW DO COMPANY,Inc. does not currently pay dividends.

What is WHY HOW DO COMPANY,Inc.’s EPS estimate?

WHY HOW DO COMPANY,Inc.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does WHY HOW DO COMPANY,Inc. have?

WHY HOW DO COMPANY,Inc. has 131,420,700 shares outstanding.

What happened to WHY HOW DO COMPANY,Inc.’s price movement after its last earnings report?

WHY HOW DO COMPANY,Inc. reported an EPS of -¥1.23 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went down -3.571%.

Which hedge fund is a major shareholder of WHY HOW DO COMPANY,Inc.?

Currently, no hedge funds are holding shares in JP:3823

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

WHY HOW DO COMPANY,Inc.

THE WHY HOW DO COMPANY, Inc. provides services and solutions for smartphones in Japan. The company offers IoT services, including i ball technical shot, I ball technical pitch, and IoT system for intercoms; games, such as Boku-J, Soccer Japan National Team Heroes, and Nade-Saka; Kiskae Touch, a service to change themes on android smartphones; demo device management system for mobile operator retail outlets; and Rakuobi application for real estate agencies, as well as develops Digital Copel and others. It also provides platform services for smartphones and IoT related solutions; social game and application related development services; contracted game development; IT services for research and development; and system for bingo games, a Guam government-approved gaming system. In addition, the company engages in real estate subleases, trademark management, food and beverage, and hospitality businesses. Further, it develops variety stores under the Niku Yokochu brand name; and operates Interplan IT school, which provides IT seminars for job seekers and training services. The company was formerly known as Acrodea, Inc. and changed its name to THE WHY HOW DO COMPANY, Inc. in January 2022. The company, Inc. was incorporated in 2004 and is headquartered in Tokyo, Japan.