PATH corporation

3840・Standard Market・Information & Communication

Official website

PATH corporation

3840・Standard Market・Information & Communication

Official website

PATH corporation3840

Reference Indicators

Market Cap

50¥100M

P/E (Forecast)

—

P/B

2.6x

Dividend Yield (Forecast)

0.00%

ROE

-67.0%

EV/EBITDA

—

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	2,114	1,991	2,320	2,253	2,370
Cost of Sales	1,016	1,019	1,219	1,079	1,213
Gross Profit	1,097	972	1,100	1,173	1,157
SG&A Expenses	1,779	1,192	1,273	1,382	1,931
Operating Income	-681	-220	-172	-208	-774
Non-operating Income	16	7	5	11	23
Non-operating Expenses	72	11	1	31	211
Ordinary Income	-737	-224	-168	-228	-961
Extraordinary Income	—	—	15	8	404
Extraordinary Losses	5	28	7	48	720
Pre-tax Income	-742	-252	-160	-268	-1,277
Income Taxes	3	3	14	7	-1
Net Income	-745	-256	-175	-276	-1,276
EBITDA	-651	-195	-137	-163	-651
Gross Margin	51.9%	48.8%	47.5%	52.1%	48.8%
Operating Margin	-32.2%	-11.1%	-7.4%	-9.2%	-32.7%
ROA	-58.7%	-17.7%	-10.5%	-8.5%	-50.5%
ROE	-162.8%	-23.8%	-14.7%	-11.3%	-67.0%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
コスメ事業	949	-247	-26.0%
ビューティ＆ウェルネス事業	855	-82	-9.6%
再生医療関連事業	465	-53	-11.4%
サステナブル事業	7	-64	-914.3%
マーケット・エクスパンション事業	1	-37	-3700.0%
インベストメント事業	39	37	94.9%
AI・テクノロジー事業	50	-166	-332.0%