Removal of Disclosure of Material Events or Conditions Relating to Going Concern
THE WHY HOW DO COMPANY株式会社 and the Group
The 12 operating companies in the Group. The newly added companies identified are 株式会社スティルアン, 株式会社グッドマン, 飯山土建株式会社, 株式会社コーウェル and 日本純金行株式会社.
Because the Company continued to record operating losses from the fiscal year ended August 2009 onward, except for the fiscal year ended August 2018, it had previously disclosed “material events, etc. related to the going concern assumption.” As background to the removal of the disclosure, the Company decided in September 2024 to place M&A at the core of its business strategy and began working to improve its earnings and financial foundations.
The impact amount of removing the disclosure itself is Not disclosed. For reference, revenue was ¥1,674 million, operating profit was ¥91 million, ordinary profit was ¥77 million, quarterly net income attributable to owners of the parent was ¥37 million, and adjusted EBITDA was ¥165 million.
Cumulative consolidated period of the first quarter of the fiscal year ending April 2027
Company response
The Company held discussions and conducted a review with the audit firm. The establishment of a third-party committee or special investigation committee is Not disclosed.
The Company will continue working to secure ongoing profits and further enhance corporate value.
| Item | Details |
|---|---|
| Event name | Removal of Disclosure of Material Events or Conditions Relating to Going Concern |
| Date of occurrence | 14 September 2026 (the date the removal of the disclosure was announced and decided) |
| Subject Entity | THE WHY HOW DO COMPANY株式会社 and the Group |
| Target Locations / Products | The 12 operating companies in the Group. The newly added companies identified are 株式会社スティルアン, 株式会社グッドマン, 飯山土建株式会社, 株式会社コーウェル and 日本純金行株式会社. |
| Cause | Because the Company continued to record operating losses from the fiscal year ended August 2009 onward, except for the fiscal year ended August 2018, it had previously disclosed “material events, etc. related to the going concern assumption.” As background to the removal of the disclosure, the Company decided in September 2024 to place M&A at the core of its business strategy and began working to improve its earnings and financial foundations. |
| Amount of Impact on Business Performance | The impact amount of removing the disclosure itself is Not disclosed. For reference, revenue was ¥1,674 million, operating profit was ¥91 million, ordinary profit was ¥77 million, quarterly net income attributable to owners of the parent was ¥37 million, and adjusted EBITDA was ¥165 million. |
| Accounting period in which recognized | Cumulative consolidated period of the first quarter of the fiscal year ending April 2027 |
| Investigation structure | The Company held discussions and conducted a review with the audit firm. The establishment of a third-party committee or special investigation committee is Not disclosed. |
| Outlook | The Company will continue working to secure ongoing profits and further enhance corporate value. |
Items this document does not state (16)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.As a result of placing M&A at the core of its business strategy and working to improve its earnings and financial foundations, all 12 operating companies in the Group reported operating profits during the cumulative consolidated period of the first quarter. The Group also remained profitable at every level, including revenue, operating profit, ordinary profit and quarterly net income attributable to owners of the parent. The Company also cited an improvement in the equity ratio from 28.9% to 32.4% and cash and deposits of ¥1,435 million.