THE WHY HOW DO COMPANY, Inc. (TYO:3823)

THE WHY HOW DO COMPANY Balance Sheet

Financials in millions JPY. Fiscal year is September - August.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 28, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Cash & Equivalents	1,300	1,246	595	520	1,104	736
Cash & Short-Term Investments	1,300	1,246	595	520	1,104	736
Cash Growth	14.94%	109.41%	14.42%	-52.90%	50.00%	24.54%
Accounts Receivable	201	133	108	93	96	99
Receivables	280	180	162	172	142	100
Inventory	331	231	2	13	16	27
Prepaid Expenses	64	20	8	12	11	24
Other Current Assets	131	58	53	113	140	69
Total Current Assets	2,106	1,735	820	830	1,413	956
Property, Plant & Equipment	294	75	417	57	29	101
Long-Term Investments	-834	-651	-133	-44	-	15
Goodwill	604	108	13	14	2	195
Other Intangible Assets	15	26	33	141	85	75
Other Long-Term Assets	2	1	1	1	2	2
Total Assets	3,345	2,473	1,534	1,353	1,670	1,405
Accounts Payable	143	97	23	21	13	26
Accrued Expenses	77	61	28	17	17	22
Short-Term Debt	268	64	45	61	94	151
Current Income Taxes Payable	140	136	117	118	76	53
Other Current Liabilities	232	78	37	24	22	13
Total Current Liabilities	860	436	250	241	222	265
Long-Term Debt	875	270	415	276	321	368
Other Long-Term Liabilities	194	190	94	25	27	25
Total Liabilities	1,929	896	759	542	570	658
Common Stock	1,262	2,062	1,617	1,115	1,115	765
Additional Paid-In Capital	468	3,207	2,763	2,260	2,260	1,910
Retained Earnings	-355	-3,732	-3,663	-2,701	-2,353	-1,950
Comprehensive Income & Other	11	11	42	83	72	22
Total Common Equity	1,386	1,548	759	757	1,094	747
Minority Interest	30	29	16	54	6	-
Shareholders' Equity	1,416	1,577	775	811	1,100	747
Total Liabilities & Equity	3,345	2,473	1,534	1,353	1,670	1,405
Total Debt	1,143	334	460	337	415	519
Net Cash (Debt)	157	912	135	183	689	217
Net Cash Growth	-72.98%	575.56%	-26.23%	-73.44%	217.51%	64.39%
Net Cash Per Share	1.34	9.60	2.47	5.28	21.63	7.57
Filing Date Shares Outstanding	131.4	131.42	81.32	34.68	34.68	30.37
Total Common Shares Outstanding	131.4	110.42	74.88	34.68	34.68	30.36
Working Capital	1,246	1,299	570	589	1,191	691
Book Value Per Share	10.55	14.02	10.14	21.83	31.55	24.60
Tangible Book Value	767	1,414	713	602	1,007	477
Tangible Book Value Per Share	5.84	12.81	9.52	17.36	29.04	15.71
Order Backlog	-	9.7	14.15	15.93	12.55	34.63

Source: S&P Global Market Intelligence. Standard template. Financial Sources.