The Why How Do Co (TSE:3823) EPS without NRI: 円-3.65 (TTM As of Feb. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3823 The Why How Do Co Inc TSE:3823
44 GF Score
Price 円33.00
GF Value 円58.61
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is The Why How Do Co EPS without NRI?

The Why How Do Co TSE:3823 44 EPS without NRI is 円-3.65 as of Feb. 2026. GuruFocus rates TSE:3823 with a GF Score™ of 44/100 and a GF Value™ of 円58.61 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,074 Software companies, The Why How Do Co ranks better than 80.91% on this metric.

The Why How Do Co's earnings per share without non-recurring items for the six months ended in Feb. 2026 was 円-2.80. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Feb. 2026 was 円-3.65.

During the past 3 years, the average earnings per share (NRI) Growth Rate was 42.40% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 38.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for The Why How Do Co's EPS without NRI or its related term are showing as below:

TSE:3823' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -31.8   Med: 15.4   Max: 56.4
Current: 42.4

During the past 13 years, The Why How Do Co's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 56.40% per year. The lowest was -31.80% per year. And the median was 15.40% per year.

TSE:3823's 3-Year EPS without NRI Growth Rate is ranked better than
80.91% of 2074 companies
in the Software industry
Industry Median: 12.5 vs TSE:3823: 42.40

The Why How Do Co's EPS (Diluted) for the six months ended in Feb. 2026 was 円-4.17. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was 円-4.17.

The Why How Do Co's EPS (Basic) for the six months ended in Feb. 2026 was 円-4.17. Its EPS (Basic) for the trailing twelve months (TTM) ended in Feb. 2026 was 円-4.08.


The Why How Do Co  (TSE:3823) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


The Why How Do Co EPS without NRI Related Terms


The Why How Do Co EPS without NRI Historical Data

* Premium members only.

The historical data trend for The Why How Do Co's EPS without NRI 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 EPS without NRI Chart

The Why How Do Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.87 -7.00 -8.28 -7.28 -1.34

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
EPS without NRI 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 -3.13 -4.15 -0.39 -0.85 -2.80

TSE:3823 vs QH, SHOP, UBER: EPS without NRI Comparison

For the Software - Application subindustry, The Why How Do Co's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Software Industry

For the Software industry and Technology sector, The Why How Do Co's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where The Why How Do Co's PE Ratio without NRI falls into.


TSE:3823
44GF Score
The Why How Do Co Inc TSE:3823
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Why How Do Co EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI 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-3.65

* 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 EPS without NRI →
What does a EPS without NRI of 円-3.65 mean?
The Why How Do Co (TSE:3823) has a EPS without NRI of 円-3.65 as of Feb. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on The Why How Do Co and its competitors. According to the industry distribution chart, The Why How Do Co ranks #396 out of 2074 companies in the Software industry, placing it in the top 19.1%.
Is The Why How Do Co's EPS without NRI too high?
The Why How Do Co's current EPS without NRI is 円-3.65. Based on the distribution chart, The Why How Do Co ranks #396 out of 2074 companies in the Software industry, which is in the top quartile — a strong position relative to peers. 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 EPS without NRI compare to QH and SHOP?
According to the Software industry distribution chart, The Why How Do Co ranks #396 out of 2074 companies for EPS without NRI. This places The Why How Do Co in the top 19% of its industry — outperforming the majority of peers. The industry median EPS without NRI is 12.50. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Software company?
The median EPS without NRI among Software companies is 12.50, based on 2,074 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on The Why How Do Co and its competitors. For the Software industry, the median EPS without NRI is 12.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Why How Do Co's current EPS without NRI is 円-3.65. 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58.61, compared to a current price of 円33.00 — trading 43.7% below its estimated fair value. The current EPS without NRI is 円-3.65. 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 EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For The Why How Do Co (TSE:3823), the current EPS without NRI is 円-3.65 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33.00 is trading 43.7% below its estimated GF Value™ of 円58.61. GuruFocus considers The Why How Do Co to be Possible Value Trap.

Key valuation signals for TSE:3823:

  • EPS without NRI: 円-3.65
  • GF Value™: 円58.61 vs. price of 円33.00 (43.7% 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

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円33.00
Price
円58.61
GF Value