View Past PerformancePath バランスシートの健全性財務の健全性 基準チェック /36Pathの総株主資本は¥1.9B 、総負債は¥250.0Mで、負債比率は13.1%となります。総資産と総負債はそれぞれ¥2.5Bと¥621.0Mです。主要情報13.12%負債資本比率JP¥250.00m負債インタレスト・カバレッジ・レシオn/a現金JP¥357.00mエクイティJP¥1.91b負債合計JP¥621.00m総資産JP¥2.53b財務の健全性に関する最新情報分析記事 • Feb 09Path (TSE:3840) Is Making Moderate Use Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Oct 29Does Path (TSE:3840) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Nov 01Path (TSE:3840) Is In A Good Position To Deliver On Growth PlansEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...分析記事 • Mar 21We're Hopeful That Path (TSE:3840) Will Use Its Cash WiselyWe can readily understand why investors are attracted to unprofitable companies. By way of example, Path ( TSE:3840...すべての更新を表示Recent updatesお知らせ • Jul 22Path Corporation to Report Q1, 2027 Results on Aug 13, 2026Path Corporation announced that they will report Q1, 2027 results on Aug 13, 2026Reported Earnings • May 17Full year 2026 earnings released: JP¥16.52 loss per share (vs JP¥4.35 loss in FY 2025)Full year 2026 results: JP¥16.52 loss per share (further deteriorated from JP¥4.35 loss in FY 2025). Revenue: JP¥2.37b (up 5.2% from FY 2025). Net loss: JP¥1.28b (loss widened 362% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.お知らせ • May 13Path Corporation, Annual General Meeting, Jun 26, 2026Path Corporation, Annual General Meeting, Jun 26, 2026.Reported Earnings • Feb 15Third quarter 2026 earnings released: JP¥2.58 loss per share (vs JP¥1.79 loss in 3Q 2025)Third quarter 2026 results: JP¥2.58 loss per share (further deteriorated from JP¥1.79 loss in 3Q 2025). Revenue: JP¥529.0m (down 4.3% from 3Q 2025). Net loss: JP¥199.0m (loss widened 76% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year.分析記事 • Feb 09Path (TSE:3840) Is Making Moderate Use Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Jan 06Path Corporation to Report Q3, 2026 Results on Feb 13, 2026Path Corporation announced that they will report Q3, 2026 results on Feb 13, 2026New Risk • Dec 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Market cap is less than US$100m (JP¥4.46b market cap, or US$28.4m).お知らせ • Dec 02Path Corporation announced that it has received ¥2.5 million in funding from Evolution Capital Management LLC, Sustaina Co., Ltd.On December 1, 2025, Path Corporation closed the transaction.分析記事 • Nov 17More Unpleasant Surprises Could Be In Store For Path Corporation's (TSE:3840) Shares After Tumbling 35%The Path Corporation ( TSE:3840 ) share price has fared very poorly over the last month, falling by a substantial 35...Reported Earnings • Nov 17Second quarter 2026 earnings released: JP¥2.20 loss per share (vs JP¥0.57 loss in 2Q 2025)Second quarter 2026 results: JP¥2.20 loss per share (further deteriorated from JP¥0.57 loss in 2Q 2025). Revenue: JP¥666.0m (up 5.2% from 2Q 2025). Net loss: JP¥168.0m (loss widened 394% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 15Path Corporation announced that it expects to receive ¥2.5 million in funding from Evolution Capital Management LLC, Sustaina Co., Ltd.Path Corporation announced that it will issue 380,000 20th Stock Acquisition Rights at issue price of ¥5 per stock acquisition right for gross proceeds of ¥1,900,000 on November 14, 2025. The transaction includes participation from returning investor, EVO FUND. The initial exercise price of stock acquisition right will be ¥42 initially. Exercise period is from December 2, 2025 to June 2, 2028. The transaction will happen through third party allocation. The issue date will be December 1, 2025. The transaction has been approved at board of director meeting of the company. On the same date the company announced that it will issue 150,000 21th Stock Acquisition Rights at issue price of ¥4 per stock acquisition right for gross proceeds of ¥600,000 on November 14, 2025. The transaction includes participation from returning investor, Sustaina. The initial exercise price of stock acquisition right will be ¥83 initially. Exercise period is from December 2, 2025 to June 2, 2028. The transaction will happen through third party allocation. The issue date will be December 1, 2025. The transaction has been approved at board of director meeting of the company.分析記事 • Oct 29Does Path (TSE:3840) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Oct 22Path Corporation (TSE:3840) agreed to acquire 26.70% stake in Kawaminami Biomass Power Plant Co., Ltd. from Shinrin Power Holdings Co., Ltd. for approximately ¥140 million.Path Corporation (TSE:3840) agreed to acquire 26.70% stake in Kawaminami Biomass Power Plant Co., Ltd. from Shinrin Power Holdings Co., Ltd. for approximately ¥140 million on October 21, 2025. A cash consideration of ¥139.07 million will be paid by Path Corporation. As part of consideration, ¥139.07 million is paid towards common equity of Kawaminami Biomass Power Plant Co., Ltd. As of March 2025, Kawaminami Biomass Power Plant Co., Ltd. reported net assets of ¥486 million, total assets of ¥693 million, operating loss of 0.5 million. Transaction is expected to close on October 21, 2025.お知らせ • Oct 02Path Corporation to Report Q2, 2026 Results on Nov 13, 2025Path Corporation announced that they will report Q2, 2026 results on Nov 13, 2025Reported Earnings • Aug 15First quarter 2026 earnings released: JP¥2.05 loss per share (vs JP¥0.80 loss in 1Q 2025)First quarter 2026 results: JP¥2.05 loss per share (further deteriorated from JP¥0.80 loss in 1Q 2025). Revenue: JP¥599.0m (up 22% from 1Q 2025). Net loss: JP¥152.0m (loss widened 223% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Board Change • Jul 11Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Jun Morii was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jul 06Path Corporation to Report Q1, 2026 Results on Aug 13, 2025Path Corporation announced that they will report Q1, 2026 results on Aug 13, 2025Reported Earnings • May 17Full year 2025 earnings released: JP¥4.35 loss per share (vs JP¥3.29 loss in FY 2024)Full year 2025 results: JP¥4.35 loss per share (further deteriorated from JP¥3.29 loss in FY 2024). Revenue: JP¥2.25b (down 2.9% from FY 2024). Net loss: JP¥276.0m (loss widened 58% from FY 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • May 13Path Corporation, Annual General Meeting, Jun 27, 2025Path Corporation, Annual General Meeting, Jun 27, 2025.分析記事 • Apr 07Some Path Corporation (TSE:3840) Shareholders Look For Exit As Shares Take 26% PoundingThe Path Corporation ( TSE:3840 ) share price has fared very poorly over the last month, falling by a substantial 26...お知らせ • Feb 28Path Corporation to Report Fiscal Year 2025 Results on May 15, 2025Path Corporation announced that they will report fiscal year 2025 results on May 15, 2025Reported Earnings • Feb 16Third quarter 2025 earnings released: JP¥1.79 loss per share (vs JP¥0.41 loss in 3Q 2024)Third quarter 2025 results: JP¥1.79 loss per share (further deteriorated from JP¥0.41 loss in 3Q 2024). Revenue: JP¥553.0m (down 17% from 3Q 2024). Net loss: JP¥113.0m (loss widened 414% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.New Risk • Jan 22New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (JP¥7.10b market cap, or US$45.7m).お知らせ • Jan 17Path Corporation to Report Q3, 2025 Results on Feb 14, 2025Path Corporation announced that they will report Q3, 2025 results on Feb 14, 2025New Risk • Nov 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥774m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-JP¥774m free cash flow). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (JP¥7.06b market cap, or US$45.8m).分析記事 • Nov 01Path (TSE:3840) Is In A Good Position To Deliver On Growth PlansEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...お知らせ • Oct 23Path Corporation (TSE:3840) signed a letter of intent to acquire Sanwa Corporation from Yuichiro Saito, Tomoko Saito and Sanwa Tsusho Co., Ltd.Path Corporation (TSE:3840) signed a letter of intent to acquire Sanwa Corporation from Yuichiro Saito, Tomoko Saito and Sanwa Tsusho Co., Ltd. on October 22, 2024. The expected completion of the transaction is November 2024.Reported Earnings • Aug 19First quarter 2025 earnings released: JP¥0.80 loss per share (vs JP¥0.76 loss in 1Q 2024)First quarter 2025 results: JP¥0.80 loss per share (further deteriorated from JP¥0.76 loss in 1Q 2024). Revenue: JP¥490.0m (down 13% from 1Q 2024). Net loss: JP¥47.0m (loss widened 21% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 11More Unpleasant Surprises Could Be In Store For Path Corporation's (TSE:3840) Shares After Tumbling 28%Path Corporation ( TSE:3840 ) shareholders that were waiting for something to happen have been dealt a blow with a 28...New Risk • Jul 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (JP¥8.92b market cap, or US$56.1m).お知らせ • Jul 04Path Corporation to Report Q1, 2025 Results on Aug 14, 2024Path Corporation announced that they will report Q1, 2025 results on Aug 14, 2024分析記事 • Jun 26Path Corporation's (TSE:3840) Share Price Not Quite Adding UpWhen close to half the companies in the Multiline Retail industry in Japan have price-to-sales ratios (or "P/S") below...Reported Earnings • May 21Full year 2024 earnings released: JP¥3.29 loss per share (vs JP¥5.46 loss in FY 2023)Full year 2024 results: JP¥3.29 loss per share (improved from JP¥5.46 loss in FY 2023). Revenue: JP¥2.32b (up 17% from FY 2023). Net loss: JP¥175.0m (loss narrowed 32% from FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.お知らせ • May 17Path Corporation, Annual General Meeting, Jun 28, 2024Path Corporation, Annual General Meeting, Jun 28, 2024.分析記事 • Mar 21We're Hopeful That Path (TSE:3840) Will Use Its Cash WiselyWe can readily understand why investors are attracted to unprofitable companies. By way of example, Path ( TSE:3840...お知らせ • Mar 06Path Corporation to Report Fiscal Year 2024 Results on May 15, 2024Path Corporation announced that they will report fiscal year 2024 results on May 15, 2024Reported Earnings • Feb 19Third quarter 2024 earnings released: JP¥0.41 loss per share (vs JP¥1.91 loss in 3Q 2023)Third quarter 2024 results: JP¥0.41 loss per share (improved from JP¥1.91 loss in 3Q 2023). Revenue: JP¥666.0m (up 51% from 3Q 2023). Net loss: JP¥22.0m (loss narrowed 76% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 29Path Corporation to Report Q3, 2024 Results on Feb 14, 2024Path Corporation announced that they will report Q3, 2024 results on Feb 14, 2024Reported Earnings • Nov 19Second quarter 2024 earnings released: JP¥1.24 loss per share (vs JP¥1.27 loss in 2Q 2023)Second quarter 2024 results: JP¥1.24 loss per share. Revenue: JP¥542.0m (up 15% from 2Q 2023). Net loss: JP¥65.0m (loss widened 10% from 2Q 2023).お知らせ • Aug 30Path Corporation to Report Q2, 2024 Results on Nov 14, 2023Path Corporation announced that they will report Q2, 2024 results on Nov 14, 2023Reported Earnings • Aug 17First quarter 2024 earnings released: JP¥0.76 loss per share (vs JP¥1.00 loss in 1Q 2023)First quarter 2024 results: JP¥0.76 loss per share (improved from JP¥1.00 loss in 1Q 2023). Revenue: JP¥563.0m (up 5.6% from 1Q 2023). Net loss: JP¥39.0m (loss narrowed 9.3% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Reported Earnings • May 17Full year 2023 earnings released: JP¥5.46 loss per share (vs JP¥20.93 loss in FY 2022)Full year 2023 results: JP¥5.46 loss per share (improved from JP¥20.93 loss in FY 2022). Revenue: JP¥1.99b (down 5.8% from FY 2022). Net loss: JP¥256.0m (loss narrowed 66% from FY 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 16Third quarter 2023 earnings released: JP¥1.91 loss per share (vs JP¥5.16 loss in 3Q 2022)Third quarter 2023 results: JP¥1.91 loss per share (improved from JP¥5.16 loss in 3Q 2022). Revenue: JP¥441.0m (down 3.9% from 3Q 2022). Net loss: JP¥91.0m (loss narrowed 52% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.お知らせ • Feb 01Path Corporation (TSE:3840) completed the acquisition of RMDC Co., Ltd from Eill Co., Ltd.Path Corporation (TSE:3840) entered into share exchange agreement to acquire RMDC Co., Ltd from Eill Co., Ltd. for ¥100 million on December 20, 2022. Under the terms of transaction, Path Corporation will issue 1,883.24 shares of common stock for every one share of RMDC and in total Path will issue 1.7 million shares. Post completion, RMDC Co will become wholly owned subsidiary of Path. For year ended February 28, 2022, RMDC had total assets, common equity, revenue, operating income and net income as ¥53.1 million, ¥13.5 million, ¥170 million, ¥17.3 million and ¥ 16.4 million respectively.The Share Exchange has not been approved by the Company's general meeting of shareholders due to the simplified share exchange procedure pursuant to the provisions of Article 796, Paragraph 2 of the Companies Act. Subject to the approval of the Share Exchange, it is scheduled to take effect on January 31, 2023. Tokyo Financial Advisors acted as fairness Opinion provider to path. Path Corporation (TSE:3840) completed the acquisition of RMDC Co., Ltd from Eill Co., Ltd. on January 31, 2023.お知らせ • Dec 28Path Corporation to Report Q3, 2023 Results on Feb 14, 2023Path Corporation announced that they will report Q3, 2023 results on Feb 14, 2023お知らせ • Dec 22Path Corporation (TSE:3840) entered into share exchange agreement to acquire RMDC Co., Ltd from Eill Co., Ltd. for ¥100 millionPath Corporation (TSE:3840) entered into share exchange agreement to acquire RMDC Co., Ltd from Eill Co., Ltd. for ¥100 million on December 20, 2022. Under the terms of transaction, Path Corporation will issue 1,883.24 shares of common stock for every one share of RMDC and in total Path will issue 1.7 million shares. Post completion, RMDC Co will become wholly owned subsidiary of Path. For year ended February 28, 2022, RMDC had total assets, common equity, revenue, operating income and net income as ¥53.1 million, ¥13.5 million, ¥170 million, ¥17.3 million and ¥ 16.4 million respectively.The Share Exchange has not been approved by the Company's general meeting of shareholders due to the simplified share exchange procedure pursuant to the provisions of Article 796, Paragraph 2 of the Companies Act. Subject to the approval of the Share Exchange, it is scheduled to take effect on January 31, 2023. Tokyo Financial Advisors acted as fairness Opinion provider to path.Reported Earnings • Nov 17Second quarter 2023 earnings released: JP¥1.27 loss per share (vs JP¥4.64 loss in 2Q 2022)Second quarter 2023 results: JP¥1.27 loss per share (improved from JP¥4.64 loss in 2Q 2022). Revenue: JP¥473.0m (down 16% from 2Q 2022). Net loss: JP¥59.0m (loss narrowed 64% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.Board Change • Nov 16No independent directorsThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (4 non-independent directors). Auditor Yukio Fujii is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.お知らせ • Sep 30Path Corporation to Report Q2, 2023 Results on Nov 14, 2022Path Corporation announced that they will report Q2, 2023 results on Nov 14, 2022Reported Earnings • Aug 18First quarter 2023 earnings released: JP¥1.00 loss per share (vs JP¥6.15 loss in 1Q 2022)First quarter 2023 results: JP¥1.00 loss per share (up from JP¥6.15 loss in 1Q 2022). Revenue: JP¥533.0m (down 7.9% from 1Q 2022). Net loss: JP¥43.0m (loss narrowed 79% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 18First quarter 2023 earnings released: JP¥1.00 loss per share (vs JP¥6.15 loss in 1Q 2022)First quarter 2023 results: JP¥1.00 loss per share (up from JP¥6.15 loss in 1Q 2022). Revenue: JP¥533.0m (down 7.9% from 1Q 2022). Net loss: JP¥43.0m (loss narrowed 79% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.お知らせ • Aug 12Path Corporation to Report Q1, 2023 Results on Aug 15, 2022Path Corporation announced that they will report Q1, 2023 results on Aug 15, 2022Reported Earnings • May 19Full year 2022 earnings released: JP¥20.93 loss per share (vs JP¥18.36 loss in FY 2021)Full year 2022 results: JP¥20.93 loss per share (down from JP¥18.36 loss in FY 2021). Revenue: JP¥2.11b (down 4.3% from FY 2021). Net loss: JP¥745.0m (loss widened 39% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.お知らせ • May 18Path Corporation, Annual General Meeting, Jun 30, 2022Path Corporation, Annual General Meeting, Jun 30, 2022.お知らせ • Apr 26Path Corporation announced that it has received ¥499.998 million in fundingOn April 25, 2022, Path Corporation closed the transaction.Reported Earnings • Nov 19Second quarter 2022 earnings released: JP¥4.64 loss per share (vs JP¥4.39 loss in 2Q 2021)The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: JP¥564.0m (down 5.8% from 2Q 2021). Net loss: JP¥164.0m (loss widened 32% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 18First quarter 2022 earnings released: JP¥6.15 loss per share (vs JP¥4.75 loss in 1Q 2021)The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: JP¥579.0m (up 23% from 1Q 2021). Net loss: JP¥205.0m (loss widened 53% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.Reported Earnings • May 17Full year 2021 earnings released: JP¥18.36 loss per share (vs JP¥27.51 loss in FY 2020)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: JP¥2.21b (down 11% from FY 2020). Net loss: JP¥538.0m (loss narrowed 31% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.お知らせ • Mar 04Path Corporation to Report Fiscal Year 2021 Results on May 14, 2021Path Corporation announced that they will report fiscal year 2021 results on May 14, 2021Is New 90 Day High Low • Feb 25New 90-day low: JP¥133The company is down 10.0% from its price of JP¥148 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 10.0% over the same period.Reported Earnings • Feb 17Third quarter 2021 earnings released: JP¥4.46 loss per share (vs JP¥12.61 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥614.0m (up 3.0% from 3Q 2020). Net loss: JP¥134.0m (loss narrowed 62% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Oct 02Path Corporation announced that it expects to receive ¥303.965468 million in funding from Reiwa Capital Investment L.P.Path Corporation (TSE:3840) announced private placement of 2,189,800 shares at a price of ¥137 per share for gross proceeds of ¥300,002,600 and 50,806 10th stock acquisition rights at a price of ¥78 per right for gross proceeds of ¥3,962,868, for aggregate gross proceeds of ¥303,965,468 with new investor Reiwa Capital Investment L.P. on September 30, 2020. The investor will acquire 20.47% stake in the company through third party allocation. The 10th stock acquisition rights are exercisable at ¥137 per share into 5,080,600 shares from October 16, 2020 to October 15, 2021. The company will incur ¥8,000,000 of legal fees, ¥1,500,000 as stock acquisition rights fair value calculation costs, and ¥7,500,000 as registration costs, judicial scrivener fees, and other expenses. The expected payment date is October 16, 2020. The transaction has been approved by the board of directors of the company.お知らせ • Sep 19+ 1 more updatePath Corporation to Report Q2, 2021 Results on Nov 13, 2020Path Corporation announced that they will report Q2, 2021 results on Nov 13, 2020財務状況分析短期負債: 3840の 短期資産 ( ¥1.8B ) が 短期負債 ( ¥610.0M ) を超えています。長期負債: 3840の短期資産 ( ¥1.8B ) が 長期負債 ( ¥11.0M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 3840総負債よりも多くの現金を保有しています。負債の削減: 3840の負債対資本比率は、過去 5 年間で0%から13.1%に増加しました。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: 3840は、現在の フリーキャッシュフロー に基づくと、キャッシュランウェイ が 1 年未満です。キャッシュランウェイの予測: 3840は、フリーキャッシュフローが毎年3.5 % の歴史的率で減少し続ける場合、キャッシュランウェイが 1 年未満になります。健全な企業の発掘7D1Y7D1Y7D1YRetail 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/01 02:38終値2026/07/31 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Path Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
分析記事 • Feb 09Path (TSE:3840) Is Making Moderate Use Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Oct 29Does Path (TSE:3840) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Nov 01Path (TSE:3840) Is In A Good Position To Deliver On Growth PlansEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
分析記事 • Mar 21We're Hopeful That Path (TSE:3840) Will Use Its Cash WiselyWe can readily understand why investors are attracted to unprofitable companies. By way of example, Path ( TSE:3840...
お知らせ • Jul 22Path Corporation to Report Q1, 2027 Results on Aug 13, 2026Path Corporation announced that they will report Q1, 2027 results on Aug 13, 2026
Reported Earnings • May 17Full year 2026 earnings released: JP¥16.52 loss per share (vs JP¥4.35 loss in FY 2025)Full year 2026 results: JP¥16.52 loss per share (further deteriorated from JP¥4.35 loss in FY 2025). Revenue: JP¥2.37b (up 5.2% from FY 2025). Net loss: JP¥1.28b (loss widened 362% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
お知らせ • May 13Path Corporation, Annual General Meeting, Jun 26, 2026Path Corporation, Annual General Meeting, Jun 26, 2026.
Reported Earnings • Feb 15Third quarter 2026 earnings released: JP¥2.58 loss per share (vs JP¥1.79 loss in 3Q 2025)Third quarter 2026 results: JP¥2.58 loss per share (further deteriorated from JP¥1.79 loss in 3Q 2025). Revenue: JP¥529.0m (down 4.3% from 3Q 2025). Net loss: JP¥199.0m (loss widened 76% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year.
分析記事 • Feb 09Path (TSE:3840) Is Making Moderate Use Of DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Jan 06Path Corporation to Report Q3, 2026 Results on Feb 13, 2026Path Corporation announced that they will report Q3, 2026 results on Feb 13, 2026
New Risk • Dec 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Market cap is less than US$100m (JP¥4.46b market cap, or US$28.4m).
お知らせ • Dec 02Path Corporation announced that it has received ¥2.5 million in funding from Evolution Capital Management LLC, Sustaina Co., Ltd.On December 1, 2025, Path Corporation closed the transaction.
分析記事 • Nov 17More Unpleasant Surprises Could Be In Store For Path Corporation's (TSE:3840) Shares After Tumbling 35%The Path Corporation ( TSE:3840 ) share price has fared very poorly over the last month, falling by a substantial 35...
Reported Earnings • Nov 17Second quarter 2026 earnings released: JP¥2.20 loss per share (vs JP¥0.57 loss in 2Q 2025)Second quarter 2026 results: JP¥2.20 loss per share (further deteriorated from JP¥0.57 loss in 2Q 2025). Revenue: JP¥666.0m (up 5.2% from 2Q 2025). Net loss: JP¥168.0m (loss widened 394% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 15Path Corporation announced that it expects to receive ¥2.5 million in funding from Evolution Capital Management LLC, Sustaina Co., Ltd.Path Corporation announced that it will issue 380,000 20th Stock Acquisition Rights at issue price of ¥5 per stock acquisition right for gross proceeds of ¥1,900,000 on November 14, 2025. The transaction includes participation from returning investor, EVO FUND. The initial exercise price of stock acquisition right will be ¥42 initially. Exercise period is from December 2, 2025 to June 2, 2028. The transaction will happen through third party allocation. The issue date will be December 1, 2025. The transaction has been approved at board of director meeting of the company. On the same date the company announced that it will issue 150,000 21th Stock Acquisition Rights at issue price of ¥4 per stock acquisition right for gross proceeds of ¥600,000 on November 14, 2025. The transaction includes participation from returning investor, Sustaina. The initial exercise price of stock acquisition right will be ¥83 initially. Exercise period is from December 2, 2025 to June 2, 2028. The transaction will happen through third party allocation. The issue date will be December 1, 2025. The transaction has been approved at board of director meeting of the company.
分析記事 • Oct 29Does Path (TSE:3840) Have A Healthy Balance Sheet?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Oct 22Path Corporation (TSE:3840) agreed to acquire 26.70% stake in Kawaminami Biomass Power Plant Co., Ltd. from Shinrin Power Holdings Co., Ltd. for approximately ¥140 million.Path Corporation (TSE:3840) agreed to acquire 26.70% stake in Kawaminami Biomass Power Plant Co., Ltd. from Shinrin Power Holdings Co., Ltd. for approximately ¥140 million on October 21, 2025. A cash consideration of ¥139.07 million will be paid by Path Corporation. As part of consideration, ¥139.07 million is paid towards common equity of Kawaminami Biomass Power Plant Co., Ltd. As of March 2025, Kawaminami Biomass Power Plant Co., Ltd. reported net assets of ¥486 million, total assets of ¥693 million, operating loss of 0.5 million. Transaction is expected to close on October 21, 2025.
お知らせ • Oct 02Path Corporation to Report Q2, 2026 Results on Nov 13, 2025Path Corporation announced that they will report Q2, 2026 results on Nov 13, 2025
Reported Earnings • Aug 15First quarter 2026 earnings released: JP¥2.05 loss per share (vs JP¥0.80 loss in 1Q 2025)First quarter 2026 results: JP¥2.05 loss per share (further deteriorated from JP¥0.80 loss in 1Q 2025). Revenue: JP¥599.0m (up 22% from 1Q 2025). Net loss: JP¥152.0m (loss widened 223% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Board Change • Jul 11Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Jun Morii was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jul 06Path Corporation to Report Q1, 2026 Results on Aug 13, 2025Path Corporation announced that they will report Q1, 2026 results on Aug 13, 2025
Reported Earnings • May 17Full year 2025 earnings released: JP¥4.35 loss per share (vs JP¥3.29 loss in FY 2024)Full year 2025 results: JP¥4.35 loss per share (further deteriorated from JP¥3.29 loss in FY 2024). Revenue: JP¥2.25b (down 2.9% from FY 2024). Net loss: JP¥276.0m (loss widened 58% from FY 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • May 13Path Corporation, Annual General Meeting, Jun 27, 2025Path Corporation, Annual General Meeting, Jun 27, 2025.
分析記事 • Apr 07Some Path Corporation (TSE:3840) Shareholders Look For Exit As Shares Take 26% PoundingThe Path Corporation ( TSE:3840 ) share price has fared very poorly over the last month, falling by a substantial 26...
お知らせ • Feb 28Path Corporation to Report Fiscal Year 2025 Results on May 15, 2025Path Corporation announced that they will report fiscal year 2025 results on May 15, 2025
Reported Earnings • Feb 16Third quarter 2025 earnings released: JP¥1.79 loss per share (vs JP¥0.41 loss in 3Q 2024)Third quarter 2025 results: JP¥1.79 loss per share (further deteriorated from JP¥0.41 loss in 3Q 2024). Revenue: JP¥553.0m (down 17% from 3Q 2024). Net loss: JP¥113.0m (loss widened 414% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth.
New Risk • Jan 22New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (JP¥7.10b market cap, or US$45.7m).
お知らせ • Jan 17Path Corporation to Report Q3, 2025 Results on Feb 14, 2025Path Corporation announced that they will report Q3, 2025 results on Feb 14, 2025
New Risk • Nov 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥774m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-JP¥774m free cash flow). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (JP¥7.06b market cap, or US$45.8m).
分析記事 • Nov 01Path (TSE:3840) Is In A Good Position To Deliver On Growth PlansEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
お知らせ • Oct 23Path Corporation (TSE:3840) signed a letter of intent to acquire Sanwa Corporation from Yuichiro Saito, Tomoko Saito and Sanwa Tsusho Co., Ltd.Path Corporation (TSE:3840) signed a letter of intent to acquire Sanwa Corporation from Yuichiro Saito, Tomoko Saito and Sanwa Tsusho Co., Ltd. on October 22, 2024. The expected completion of the transaction is November 2024.
Reported Earnings • Aug 19First quarter 2025 earnings released: JP¥0.80 loss per share (vs JP¥0.76 loss in 1Q 2024)First quarter 2025 results: JP¥0.80 loss per share (further deteriorated from JP¥0.76 loss in 1Q 2024). Revenue: JP¥490.0m (down 13% from 1Q 2024). Net loss: JP¥47.0m (loss widened 21% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 11More Unpleasant Surprises Could Be In Store For Path Corporation's (TSE:3840) Shares After Tumbling 28%Path Corporation ( TSE:3840 ) shareholders that were waiting for something to happen have been dealt a blow with a 28...
New Risk • Jul 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (JP¥8.92b market cap, or US$56.1m).
お知らせ • Jul 04Path Corporation to Report Q1, 2025 Results on Aug 14, 2024Path Corporation announced that they will report Q1, 2025 results on Aug 14, 2024
分析記事 • Jun 26Path Corporation's (TSE:3840) Share Price Not Quite Adding UpWhen close to half the companies in the Multiline Retail industry in Japan have price-to-sales ratios (or "P/S") below...
Reported Earnings • May 21Full year 2024 earnings released: JP¥3.29 loss per share (vs JP¥5.46 loss in FY 2023)Full year 2024 results: JP¥3.29 loss per share (improved from JP¥5.46 loss in FY 2023). Revenue: JP¥2.32b (up 17% from FY 2023). Net loss: JP¥175.0m (loss narrowed 32% from FY 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
お知らせ • May 17Path Corporation, Annual General Meeting, Jun 28, 2024Path Corporation, Annual General Meeting, Jun 28, 2024.
分析記事 • Mar 21We're Hopeful That Path (TSE:3840) Will Use Its Cash WiselyWe can readily understand why investors are attracted to unprofitable companies. By way of example, Path ( TSE:3840...
お知らせ • Mar 06Path Corporation to Report Fiscal Year 2024 Results on May 15, 2024Path Corporation announced that they will report fiscal year 2024 results on May 15, 2024
Reported Earnings • Feb 19Third quarter 2024 earnings released: JP¥0.41 loss per share (vs JP¥1.91 loss in 3Q 2023)Third quarter 2024 results: JP¥0.41 loss per share (improved from JP¥1.91 loss in 3Q 2023). Revenue: JP¥666.0m (up 51% from 3Q 2023). Net loss: JP¥22.0m (loss narrowed 76% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 29Path Corporation to Report Q3, 2024 Results on Feb 14, 2024Path Corporation announced that they will report Q3, 2024 results on Feb 14, 2024
Reported Earnings • Nov 19Second quarter 2024 earnings released: JP¥1.24 loss per share (vs JP¥1.27 loss in 2Q 2023)Second quarter 2024 results: JP¥1.24 loss per share. Revenue: JP¥542.0m (up 15% from 2Q 2023). Net loss: JP¥65.0m (loss widened 10% from 2Q 2023).
お知らせ • Aug 30Path Corporation to Report Q2, 2024 Results on Nov 14, 2023Path Corporation announced that they will report Q2, 2024 results on Nov 14, 2023
Reported Earnings • Aug 17First quarter 2024 earnings released: JP¥0.76 loss per share (vs JP¥1.00 loss in 1Q 2023)First quarter 2024 results: JP¥0.76 loss per share (improved from JP¥1.00 loss in 1Q 2023). Revenue: JP¥563.0m (up 5.6% from 1Q 2023). Net loss: JP¥39.0m (loss narrowed 9.3% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Reported Earnings • May 17Full year 2023 earnings released: JP¥5.46 loss per share (vs JP¥20.93 loss in FY 2022)Full year 2023 results: JP¥5.46 loss per share (improved from JP¥20.93 loss in FY 2022). Revenue: JP¥1.99b (down 5.8% from FY 2022). Net loss: JP¥256.0m (loss narrowed 66% from FY 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 16Third quarter 2023 earnings released: JP¥1.91 loss per share (vs JP¥5.16 loss in 3Q 2022)Third quarter 2023 results: JP¥1.91 loss per share (improved from JP¥5.16 loss in 3Q 2022). Revenue: JP¥441.0m (down 3.9% from 3Q 2022). Net loss: JP¥91.0m (loss narrowed 52% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
お知らせ • Feb 01Path Corporation (TSE:3840) completed the acquisition of RMDC Co., Ltd from Eill Co., Ltd.Path Corporation (TSE:3840) entered into share exchange agreement to acquire RMDC Co., Ltd from Eill Co., Ltd. for ¥100 million on December 20, 2022. Under the terms of transaction, Path Corporation will issue 1,883.24 shares of common stock for every one share of RMDC and in total Path will issue 1.7 million shares. Post completion, RMDC Co will become wholly owned subsidiary of Path. For year ended February 28, 2022, RMDC had total assets, common equity, revenue, operating income and net income as ¥53.1 million, ¥13.5 million, ¥170 million, ¥17.3 million and ¥ 16.4 million respectively.The Share Exchange has not been approved by the Company's general meeting of shareholders due to the simplified share exchange procedure pursuant to the provisions of Article 796, Paragraph 2 of the Companies Act. Subject to the approval of the Share Exchange, it is scheduled to take effect on January 31, 2023. Tokyo Financial Advisors acted as fairness Opinion provider to path. Path Corporation (TSE:3840) completed the acquisition of RMDC Co., Ltd from Eill Co., Ltd. on January 31, 2023.
お知らせ • Dec 28Path Corporation to Report Q3, 2023 Results on Feb 14, 2023Path Corporation announced that they will report Q3, 2023 results on Feb 14, 2023
お知らせ • Dec 22Path Corporation (TSE:3840) entered into share exchange agreement to acquire RMDC Co., Ltd from Eill Co., Ltd. for ¥100 millionPath Corporation (TSE:3840) entered into share exchange agreement to acquire RMDC Co., Ltd from Eill Co., Ltd. for ¥100 million on December 20, 2022. Under the terms of transaction, Path Corporation will issue 1,883.24 shares of common stock for every one share of RMDC and in total Path will issue 1.7 million shares. Post completion, RMDC Co will become wholly owned subsidiary of Path. For year ended February 28, 2022, RMDC had total assets, common equity, revenue, operating income and net income as ¥53.1 million, ¥13.5 million, ¥170 million, ¥17.3 million and ¥ 16.4 million respectively.The Share Exchange has not been approved by the Company's general meeting of shareholders due to the simplified share exchange procedure pursuant to the provisions of Article 796, Paragraph 2 of the Companies Act. Subject to the approval of the Share Exchange, it is scheduled to take effect on January 31, 2023. Tokyo Financial Advisors acted as fairness Opinion provider to path.
Reported Earnings • Nov 17Second quarter 2023 earnings released: JP¥1.27 loss per share (vs JP¥4.64 loss in 2Q 2022)Second quarter 2023 results: JP¥1.27 loss per share (improved from JP¥4.64 loss in 2Q 2022). Revenue: JP¥473.0m (down 16% from 2Q 2022). Net loss: JP¥59.0m (loss narrowed 64% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.
Board Change • Nov 16No independent directorsThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (4 non-independent directors). Auditor Yukio Fujii is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors.
お知らせ • Sep 30Path Corporation to Report Q2, 2023 Results on Nov 14, 2022Path Corporation announced that they will report Q2, 2023 results on Nov 14, 2022
Reported Earnings • Aug 18First quarter 2023 earnings released: JP¥1.00 loss per share (vs JP¥6.15 loss in 1Q 2022)First quarter 2023 results: JP¥1.00 loss per share (up from JP¥6.15 loss in 1Q 2022). Revenue: JP¥533.0m (down 7.9% from 1Q 2022). Net loss: JP¥43.0m (loss narrowed 79% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 18First quarter 2023 earnings released: JP¥1.00 loss per share (vs JP¥6.15 loss in 1Q 2022)First quarter 2023 results: JP¥1.00 loss per share (up from JP¥6.15 loss in 1Q 2022). Revenue: JP¥533.0m (down 7.9% from 1Q 2022). Net loss: JP¥43.0m (loss narrowed 79% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 12Path Corporation to Report Q1, 2023 Results on Aug 15, 2022Path Corporation announced that they will report Q1, 2023 results on Aug 15, 2022
Reported Earnings • May 19Full year 2022 earnings released: JP¥20.93 loss per share (vs JP¥18.36 loss in FY 2021)Full year 2022 results: JP¥20.93 loss per share (down from JP¥18.36 loss in FY 2021). Revenue: JP¥2.11b (down 4.3% from FY 2021). Net loss: JP¥745.0m (loss widened 39% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
お知らせ • May 18Path Corporation, Annual General Meeting, Jun 30, 2022Path Corporation, Annual General Meeting, Jun 30, 2022.
お知らせ • Apr 26Path Corporation announced that it has received ¥499.998 million in fundingOn April 25, 2022, Path Corporation closed the transaction.
Reported Earnings • Nov 19Second quarter 2022 earnings released: JP¥4.64 loss per share (vs JP¥4.39 loss in 2Q 2021)The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: JP¥564.0m (down 5.8% from 2Q 2021). Net loss: JP¥164.0m (loss widened 32% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 18First quarter 2022 earnings released: JP¥6.15 loss per share (vs JP¥4.75 loss in 1Q 2021)The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: JP¥579.0m (up 23% from 1Q 2021). Net loss: JP¥205.0m (loss widened 53% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 17Full year 2021 earnings released: JP¥18.36 loss per share (vs JP¥27.51 loss in FY 2020)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: JP¥2.21b (down 11% from FY 2020). Net loss: JP¥538.0m (loss narrowed 31% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 04Path Corporation to Report Fiscal Year 2021 Results on May 14, 2021Path Corporation announced that they will report fiscal year 2021 results on May 14, 2021
Is New 90 Day High Low • Feb 25New 90-day low: JP¥133The company is down 10.0% from its price of JP¥148 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 10.0% over the same period.
Reported Earnings • Feb 17Third quarter 2021 earnings released: JP¥4.46 loss per share (vs JP¥12.61 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥614.0m (up 3.0% from 3Q 2020). Net loss: JP¥134.0m (loss narrowed 62% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 02Path Corporation announced that it expects to receive ¥303.965468 million in funding from Reiwa Capital Investment L.P.Path Corporation (TSE:3840) announced private placement of 2,189,800 shares at a price of ¥137 per share for gross proceeds of ¥300,002,600 and 50,806 10th stock acquisition rights at a price of ¥78 per right for gross proceeds of ¥3,962,868, for aggregate gross proceeds of ¥303,965,468 with new investor Reiwa Capital Investment L.P. on September 30, 2020. The investor will acquire 20.47% stake in the company through third party allocation. The 10th stock acquisition rights are exercisable at ¥137 per share into 5,080,600 shares from October 16, 2020 to October 15, 2021. The company will incur ¥8,000,000 of legal fees, ¥1,500,000 as stock acquisition rights fair value calculation costs, and ¥7,500,000 as registration costs, judicial scrivener fees, and other expenses. The expected payment date is October 16, 2020. The transaction has been approved by the board of directors of the company.
お知らせ • Sep 19+ 1 more updatePath Corporation to Report Q2, 2021 Results on Nov 13, 2020Path Corporation announced that they will report Q2, 2021 results on Nov 13, 2020