THE WHY HOW DO COMPANY is acquiring Goodman, a company specializing in infrastructure maintenance equipment, to enhance its technical portfolio and revenue base.

Target Information

THE WHY HOW DO COMPANY (3823), a firm involved in entertainment-related businesses, is expanding its portfolio through the acquisition of Goodman, a company based in Yokohama specializing in the import, manufacture, and sale of inspection and measurement equipment for infrastructure maintenance. This strategic move comes as the need for infrastructure maintenance, particularly concerning aging water pipes, has become a significant societal challenge. By acquiring Goodman, THE WHY HOW DO COMPANY aims to strengthen its technical business portfolio and establish a stable revenue base.

Goodman reported sales of 413 million yen, an operating profit of 40 million yen, and net assets of 126 million yen for the fiscal year ending December 2024. The acquisition underscores the firm’s commitment to enhancing its revenue-generating capacity through long-term holding-type mergers and acquisitions.

Industry Overview in Japan

Japan's infrastructure sector is facing increasing scrutiny due to the aging and deterioration of essential systems, including water and electrical supply lines. As these systems reach their capacity and age, the de

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THE WHY HOW DO COMPANY

invested in

グッドマン

in 2025

in a Other deal

Disclosed details

Revenue: $4M

EBIT: $0M

Equity Value: $13M


Multiples

P/Revenue: 3.2x

Deal Parameters
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