WHY HOW DO COMPANY acquires Goodman to expand infrastructure services

WHY HOW DO COMPANY has resolved to acquire 100% of the shares of Goodman Inc., making it a subsidiary. This acquisition aligns with WHY HOW DO COMPANY's "M&A for Good" strategy, which focuses on long-term, supportive M&A, and is the second such transaction in the current fiscal year (September 1, 2025, to August 31, 2026). Goodman Inc. specializes in importing, manufacturing, and selling measurement and exploration equipment for critical infrastructure like electricity, communications, and water, including AI-powered continuous monitoring leak detection systems.

The acquisition of Goodman Inc., established on March 5, 1988, for 10 million yen, is expected to enhance WHY HOW DO COMPANY's technical portfolio and establish a stable revenue base in social infrastructure. Goodman Inc.'s revenue grew from 320 million yen in December 2022 to 413 million yen in December 2024, with adjusted EBITDA increasing from 24 million yen to 60 million yen over the same period. The transaction is scheduled for execution on October 31, 2025.

WHY HOW DO COMPANY anticipates this acquisition will contribute to its performance from the fiscal year ending August 2026 onwards, with further details to be disclosed as they become available.