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Path Corporation

3840.T

JPXIndustrialsSpecialty Business Services

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Latest quote

¥58.00

+¥2.00 · +3.57%

Aug 24, 3:30 PM JST

3840.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Path Corporation, headquartered in Tokyo, Japan, was established in 1990 and primarily focuses on its e-commerce ventures across the country. The company offers a wide array of cosmetics, beauty products, and wellness items. Its activities also encompass the research, development, and cultivation of microalgae and their extracts. Additionally, Path Corporation is involved in the production and commercialization of human-derived cosmetic raw materials, alongside the conceptualization, development, and direct distribution of various lifestyle, beauty, and health-oriented merchandise.

Industry
Specialty Business Services
Sector
Industrials
Headquarters
JP
CEO
Takayuki Matsuo
Listed since
Mar 12, 2007
Employees
50

Market position

Day range

Current ¥58.00

52-week range

Current ¥58.00

Open
¥56.00
Previous close
¥56.00
Volume
388.7K
1.41× average
Average volume
275.48K
Average daily volume
Market cap
4.8B JPY
Beta
-0.37
Market reference 1
50-day average
¥58.24
-0.41% below average
200-day average
¥61.71
-6.01% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.07B JPY
P/E (TTM)
-3.68×
P/B (TTM)
2.67×
P/S (TTM)
2.03×
EV / EBITDA
-6.43×
Earnings yield
-24.66%
Free cash flow yield
-9.48%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
49.53%
Operating margin
-37.60%
Net margin
-52.19%
Return on equity
-66.99%
Return on assets
-50.52%
Return on invested capital
-42.03%

Financial health

Debt / equity
0.03×
Current ratio
3.01×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends63%20%-22%-64%Gross margin, FY2022: 51.91%Gross margin, FY2023: 48.82%Gross margin, FY2024: 47.45%Gross margin, FY2025: 52.09%Gross margin, FY2026: 48.81%Operating margin, FY2022: -31.53%Operating margin, FY2023: -11.06%Operating margin, FY2024: -7.43%Operating margin, FY2025: -9.25%Operating margin, FY2026: -38.45%Net margin, FY2022: -35.28%Net margin, FY2023: -12.86%Net margin, FY2024: -7.58%Net margin, FY2025: -12.28%Net margin, FY2026: -53.86%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 51.91%. Gross margin FY2023 48.82%. Gross margin FY2024 47.45%. Gross margin FY2025 52.09%. Gross margin FY2026 48.81%. Operating margin FY2022 -31.53%. Operating margin FY2023 -11.06%. Operating margin FY2024 -7.43%. Operating margin FY2025 -9.25%. Operating margin FY2026 -38.45%. Net margin FY2022 -35.28%. Net margin FY2023 -12.86%. Net margin FY2024 -7.58%. Net margin FY2025 -12.28%. Net margin FY2026 -53.86%.

Income trends

Revenue

2.37B JPY+5.17%

Operating income

−911.47M JPY-337.43%

Net income

−1.28B JPY-361.26%
Income trends across reported periods2.73B JPY1.28B JPY−182.57M JPY−1.64B JPYRevenue, FY2022: 2.11B JPYRevenue, FY2023: 1.99B JPYRevenue, FY2024: 2.32B JPYRevenue, FY2025: 2.25B JPYRevenue, FY2026: 2.37B JPYOperating income, FY2022: −666.61M JPYOperating income, FY2023: −220.35M JPYOperating income, FY2024: −172.32M JPYOperating income, FY2025: −208.37M JPYOperating income, FY2026: −911.47M JPYNet income, FY2022: −745.99M JPYNet income, FY2023: −256.11M JPYNet income, FY2024: −175.88M JPYNet income, FY2025: −276.77M JPYNet income, FY2026: −1.28B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 2.11B JPY. Revenue FY2023 1.99B JPY. Revenue FY2024 2.32B JPY. Revenue FY2025 2.25B JPY. Revenue FY2026 2.37B JPY. Operating income FY2022 −666.61M JPY. Operating income FY2023 −220.35M JPY. Operating income FY2024 −172.32M JPY. Operating income FY2025 −208.37M JPY. Operating income FY2026 −911.47M JPY. Net income FY2022 −745.99M JPY. Net income FY2023 −256.11M JPY. Net income FY2024 −175.88M JPY. Net income FY2025 −276.77M JPY. Net income FY2026 −1.28B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue2.37B JPY2.25B JPY2.32B JPY1.99B JPY2.11B JPY
Cost of goods sold1.21B JPY1.08B JPY1.22B JPY1.02B JPY1.02B JPY
Gross profit1.16B JPY1.17B JPY1.1B JPY972.41M JPY1.1B JPY
Research and development—17.22M JPY18.37M JPY55.26M JPY99.51M JPY
Selling, general, and administrative2.07B JPY1.37B JPY1.25B JPY1.14B JPY1.66B JPY
Operating expenses2.07B JPY1.38B JPY1.27B JPY1.19B JPY1.76B JPY
Interest income231K JPY93K JPY2K JPY2K JPY2K JPY
Interest expense6.79M JPY2.93M JPY—1.03M JPY3.84M JPY
Depreciation and amortization122.89M JPY45.01M JPY35.23M JPY25.19M JPY30.09M JPY
Operating income−911.47M JPY−208.37M JPY−172.32M JPY−220.35M JPY−666.61M JPY
Net income−1.28B JPY−276.77M JPY−175.88M JPY−256.11M JPY−745.99M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
-1.14

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates-0.36-0.87-1.39-1.9Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25
Q3 2023, reported Aug 14, 2023: actual -0.76, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 14, 2023: actual -1.24, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Feb 14, 2024: actual -0.42, estimate —, surprise —, Comparison unavailable. Q2 2024, reported May 15, 2024: actual -0.9, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 14, 2024: actual -0.82, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 15, 2024: actual -0.56, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual -1.79, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual -1.14, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates692.66M616.23M539.79M463.36MQ3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25
Q3 2023, reported Aug 14, 2023: actual 563.93M JPY, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Nov 14, 2023: actual 541.18M JPY, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Feb 14, 2024: actual 666.02M JPY, estimate —, surprise —, Comparison unavailable. Q2 2024, reported May 15, 2024: actual 548.93M JPY, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 14, 2024: actual 490M JPY, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 15, 2024: actual 633M JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual 553M JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 576.83M JPY, estimate —, surprise —, Comparison unavailable.

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