View Future GrowthPath 과거 순이익 실적과거 기준 점검 0/6Path은 연평균 3.1%의 비율로 수입이 증가해 온 반면, Multiline Retail 산업은 연평균 9.8%의 비율로 증가했습니다. 매출은 연평균 2.3%의 비율로 증가했습니다.핵심 정보3.08%순이익 성장률28.40%주당순이익(EPS) 성장률Multiline Retail 산업 성장률9.72%매출 성장률2.26%자기자본이익률-66.98%순이익률-53.84%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported 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.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.공시 • Jan 06Path Corporation to Report Q3, 2026 Results on Feb 13, 2026Path Corporation announced that they will report Q3, 2026 results on Feb 13, 2026Reported 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.공시 • 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.모든 업데이트 보기Recent updatesReported 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.공시 • May 14Path 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.분석 기사 • 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...공시 • 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).공시 • 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.분석 기사 • 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.공시 • 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.분석 기사 • 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...공시 • 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.공시 • 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.공시 • 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.공시 • May 13Path Corporation, Annual General Meeting, Jun 27, 2025Path Corporation, Annual General Meeting, Jun 27, 2025.분석 기사 • 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...공시 • 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).공시 • 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).분석 기사 • 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...공시 • 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.분석 기사 • 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).공시 • Jul 04Path Corporation to Report Q1, 2025 Results on Aug 14, 2024Path Corporation announced that they will report Q1, 2025 results on Aug 14, 2024분석 기사 • 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.공시 • May 17Path Corporation, Annual General Meeting, Jun 28, 2024Path Corporation, Annual General Meeting, Jun 28, 2024.분석 기사 • 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...공시 • 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.공시 • 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).공시 • 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.공시 • 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.공시 • Dec 28Path Corporation to Report Q3, 2023 Results on Feb 14, 2023Path Corporation announced that they will report Q3, 2023 results on Feb 14, 2023공시 • 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.공시 • 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.공시 • 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.공시 • May 18Path Corporation, Annual General Meeting, Jun 30, 2022Path Corporation, Annual General Meeting, Jun 30, 2022.공시 • 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.공시 • 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.공시 • 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.공시 • 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, 2020매출 및 비용 세부 내역Path가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:3840 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 262,370-1,2762,068031 Dec 252,371-6011,811030 Sep 252,395-5151,692030 Jun 252,362-3811,549031 Mar 252,253-2761,382031 Dec 242,225-2431,331030 Sep 242,338-1521,290030 Jun 242,247-1831,266031 Mar 242,320-1751,273031 Dec 232,315-1891,278030 Sep 232,090-2581,258030 Jun 232,021-2521,218031 Mar 231,991-2561,192031 Dec 221,959-3791,283030 Sep 221,977-4781,448030 Jun 222,068-5831,617031 Mar 222,114-7451,764031 Dec 212,125-7051,719030 Sep 212,280-6491,678030 Jun 212,315-6091,661031 Mar 212,208-5381,621031 Dec 202,207-7311,965030 Sep 202,189-9532,181030 Jun 202,334-8432,158031 Mar 202,483-7772,196031 Dec 192,908-2601,928030 Sep 193,259881,730030 Jun 193,527971,755031 Mar 193,6781571,739031 Dec 183,607-351,719030 Sep 183,52711,693030 Jun 183,34801,673031 Mar 183,412-111,681031 Dec 173,400-7161,772030 Sep 173,318-8061,878030 Jun 173,402-9181,980031 Mar 173,397-9872,140031 Dec 163,353-3782,185030 Sep 163,542-4082,213030 Jun 162,812-4281,821031 Mar 162,180-4841,341031 Dec 151,586-494886030 Sep 15746-395400030 Jun 15708-2663150양질의 수익: 3840 은(는) 현재 수익성이 없습니다.이익 마진 증가: 3840는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 3840는 수익성이 없지만 지난 5년 동안 연평균 3.1%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 3840의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 3840은 수익성이 없어 지난 해 수익 성장률을 Multiline Retail 업계(14.2%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 3840는 현재 수익성이 없으므로 자본 수익률이 음수(-66.98%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YRetail 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/23 22:24종가2026/05/22 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Path Corporation는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
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.
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.
공시 • 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
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.
공시 • 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.
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.
공시 • May 14Path 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.
분석 기사 • 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...
공시 • 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).
공시 • 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.
분석 기사 • 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.
공시 • 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.
분석 기사 • 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...
공시 • 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.
공시 • 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.
공시 • 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.
공시 • May 13Path Corporation, Annual General Meeting, Jun 27, 2025Path Corporation, Annual General Meeting, Jun 27, 2025.
분석 기사 • 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...
공시 • 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).
공시 • 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).
분석 기사 • 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...
공시 • 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.
분석 기사 • 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).
공시 • 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
분석 기사 • 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.
공시 • May 17Path Corporation, Annual General Meeting, Jun 28, 2024Path Corporation, Annual General Meeting, Jun 28, 2024.
분석 기사 • 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...
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • May 18Path Corporation, Annual General Meeting, Jun 30, 2022Path Corporation, Annual General Meeting, Jun 30, 2022.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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