The Why How Do Co (TSE:3823) EBIT: 円-458 Mil (TTM As of Feb. 2026)


TSE:3823 The Why How Do Co Inc TSE:3823
44 GF Score
Price 円28.00
GF Value 円59.35
Valuation Possible Value Trap
! 4 Warning Signs
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What is The Why How Do Co EBIT?

The Why How Do Co TSE:3823 -6.67% 44 EBIT is 円-458 Mil as of Feb. 2026. GuruFocus rates TSE:3823 with a GF Score™ of 44/100 and a GF Value™ of 円59.35 (Possible Value Trap). The stock has 4 warning signs investors should review.

The Why How Do Co's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was 円-476 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was 円-458 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Why How Do Co's annualized ROC % for the quarter that ended in Feb. 2026 was -25.98%. The Why How Do Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was -332.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Why How Do Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was -11.47%.


The Why How Do Co  (TSE:3823) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

The Why How Do Co's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=-365.076 * ( 1 - 0% )/( (993.517 + 1816.521)/ 2 )
=-365.076/1405.019
=-25.98 %

where

Invested Capital(Q: Aug. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2473.149 - 232.666 - ( 1246.966 - max(0, 436.396 - 1735.057+1246.966))
=993.517

Invested Capital(Q: Feb. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=3345.155 - 282.896 - ( 1300.228 - max(0, 860.619 - 2106.357+1300.228))
=1816.521

Note: The Operating Income data used here is two times the semi-annual (Feb. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

The Why How Do Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-952.08/( ( (75.24 + max(68.257, 0)) + (294.794 + max(134.896, 0)) )/ 2 )
=-952.08/( ( 143.497 + 429.69 )/ 2 )
=-952.08/286.5935
=-332.21 %

where Working Capital is:

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(133.213 + 231.917 + 74.978) - (232.666 + 0 + 139.185)
=68.257

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(201.306 + 331.866 + 193.744) - (282.896 + 0 + 309.124)
=134.896

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

The Why How Do Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=-458.124/3994.128
=-11.47 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Why How Do Co EBIT Related Terms


The Why How Do Co EBIT Historical Data

* Premium members only.

The historical data trend for The Why How Do Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Why How Do Co EBIT Chart

The Why How Do Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -574.30 -382.49 -323.84 -960.48 -0.32

The Why How Do Co Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -192.63 -767.85 -18.24 17.92 -476.04

TSE:3823 vs CRM, SHOP, UBER: EBIT Comparison

For the Software - Application subindustry, The Why How Do Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Why How Do Co EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, The Why How Do Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where The Why How Do Co's EV-to-EBIT falls into.


TSE:3823
44GF Score
The Why How Do Co Inc TSE:3823
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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The Why How Do Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円-458 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of 円-458 Mil mean?
The Why How Do Co (TSE:3823) has a EBIT of 円-458 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on The Why How Do Co.
Is The Why How Do Co's EBIT too high?
The Why How Do Co's current EBIT is 円-458 Mil. Overall, The Why How Do Co has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Why How Do Co's EBIT compare to CRM and SHOP?
The Why How Do Co's EBIT of 円-458 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on The Why How Do Co. The Why How Do Co's current EBIT is 円-458 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Why How Do Co stock overvalued right now?
Based on GuruFocus' analysis, The Why How Do Co (TSE:3823) is currently considered Possible Value Trap. The stock's GF Value™ is 円59.35, compared to a current price of 円28.00 — trading 52.8% below its estimated fair value. The current EBIT is 円-458 Mil. The Why How Do Co's overall GF Score™ is 44/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For The Why How Do Co (TSE:3823), the current EBIT is 円-458 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The Why How Do Co (TSE:3823) Overvalued in 2026?

Based on GuruFocus' analysis, The Why How Do Co stock appears to be undervalued. The current stock price of 円28.00 is trading 52.8% below its estimated GF Value™ of 円59.35. GuruFocus considers The Why How Do Co to be Possible Value Trap.

Key valuation signals for TSE:3823:

  • EBIT: 円-458 Mil
  • GF Value™: 円59.35 vs. price of 円28.00 (52.8% below fair value)
  • GF Score™: 44/100 with 4 warning signs

No single metric tells the full story. See the TSE:3823 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Why How Do Co Business Description

Address 22 Aizumi-cho, Daisan Yamada Building, Shinjuku-ku, Tokyo, JPN, 160-0005
The Why How Do Co Inc formerly Acrodea Inc is a software company. It is mainly engaged in the development of platform services for smartphones and IoT related solutions. In addition, the company provides social game and application related development and services.
44GF Score

Get the complete analysis for TSE:3823

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円28.00
Price
円59.35
GF Value