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PATH corporation

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Recent & upcoming events

Aug 13
Earnings 2:00
Q1 earnings announcement (scheduled)
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Jun 25
Shareholder meeting 21:00
Shareholders' meeting
Venue: 東京都渋谷区道玄坂一丁目21番1号 渋谷ソラスタ渋谷ソラスタコンファレンス 4階 4D会議室 Details
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May 13
Earnings 2:00
FY earnings announcement (scheduled)
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Nov 12
Est.
Earnings 1:00 approx.
Q2 earnings
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2027
Feb 11
Est.
Earnings 1:00 approx.
Q3 earnings
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May 13
Est.
Earnings 2:00 approx.
Full-year earnings
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Aug 19
Est.
Earnings 2:00 approx.
Q1 earnings
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KPI highlights

FY26
Revenue ¥2.37B YoY +5.2%
Operating income ¥-774M margin -32.7%
Net income ¥-1.28B YoY
EPS ¥-17 YoY
P/E
ROE

Company guidance

FY2027/03 Company-issued full-year guidance (from earnings report) / %=vs prior FY
Revenue ¥2.86B +20.8%
Operating income ¥-213M
Net income ¥-246M
EPS ¥-3

Ownership over time

Share of total shares outstanding (disclosed major holdings + undisclosed)(2022–2026)

事業法人 48.1%個人 7.8%未開示 44.1%20222023202420252026
事業法人国内機関海外機関個人未開示・浮動株

「国内機関」は信託銀行の名義口座(年金・パッシブ・一部海外資本を含む)を集計し、実質保有者へは分解していません。分類は開示名称からの推定です。

Top shareholders — rank & share

株式会社サスティナ 36.9%株式会社サスティナ株式会社サンテック 5.2%株式会社サンテック久保川 議道 3.5%久保川 議道株式会社きずな 2.4%株式会社きずな岩間 斎 1.8%岩間 斎土屋 允誉 1.6%土屋 允誉SSJホールディングス株式会社 1.5%SSJホールディングス株式会社20222023202420252026

Top shareholders — actual figures (as of 2026)

Holder Shares held Ratio Source
株式会社サスティナ 30,516,200 36.9% Yuho (EDINET)
株式会社サンテック 4,308,000 5.2% Yuho (EDINET)
久保川 議道 2,865,900 3.5% Yuho (EDINET)
株式会社きずな 2,000,000 2.4% Yuho (EDINET)
岩間 斎 1,494,300 1.8% Yuho (EDINET)
土屋 允誉 1,360,800 1.6% Yuho (EDINET)
SSJホールディングス株式会社 1,275,300 1.5% Yuho (EDINET)
株式会社エイル 974,516 1.2% Yuho (EDINET)
斎藤 真吾 769,000 0.9% Yuho (EDINET)
野村證券株式会社 736,822 0.9% Yuho (EDINET)

Source:EDINET(大株主の状況) Classification inferred from disclosed names

F-Score (Piotroski)

3/9

Checks financial health against 9 criteria and shows how many are met as a fraction (more ✓ marks is healthier). Items with no data are shown as “—” — they're simply excluded from judgment, not counted against the score.

Positive ROA ROA -50.5%
Positive operating cash flow ¥-435M
ROA improved YoY -8.5% → -50.5%
Operating CF exceeds net income (accrual quality) OCF ¥-435M / net income ¥-1.28B
Equity ratio improved* Substitute for the original “decrease in long-term debt” 75.5% → 75.4%
Current ratio improved 2.76× → 3.01×
No dilution (shares outstanding did not increase) 73,377,036 → 82,680,236
Gross margin improved 52.1% → 48.8%
Asset turnover improved 0.69× → 0.94×

This score is reference information based on our own financial metrics. It is NOT a credit rating issued by a credit rating agency under Article 66-27 of the Financial Instruments and Exchange Act, and is NOT investment advice or a recommendation. Make investment decisions at your own responsibility.

Fact checklist

FY26
Equity ratio 75.4%
Current ratio 3.0×
Years of positive operating CF 1 of last 10 yrs
Payout ratio
Latest fiscal year result Loss (net loss ¥1.28B)

Performance history

Last 10 years
0億円9億円18億円28億円37億円 FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26

Income & assets

Unit: ¥100M
Item FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Revenue 34.034.136.824.822.121.119.923.222.523.7
Operating income -2.460.200.05-5.46-5.40-6.82-2.20-1.72-2.08-7.74
Ordinary income -2.440.500.05-8.73-5.38-7.37-2.24-1.68-2.29-9.61
Net income -9.88-0.121.57-7.78-5.38-7.46-2.56-1.76-2.77-12.8
Total assets 14.928.127.512.010.712.714.516.832.525.3
Equity 5.4518.615.37.436.734.7011.012.024.719.1

Indicators & cash flow

Unit: ¥100M
Item FY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
EPS ¥-54¥-1¥6¥-28¥-18¥-21¥-5¥-3¥-4¥-17
ROE 9.6%
Operating CF -1.361.54-2.10-3.46-5.02-8.36-3.52-0.77-5.39-4.35
Investing CF -1.060.20-5.172.480.02-0.24-1.14-0.87-5.25-3.19
Financing CF 1.3912.6-1.45-4.724.549.992.812.889.149.57
FCF -2.421.74-7.26-0.97-5.00-8.59-4.66-1.64-10.6-7.55

A “—” means data wasn't available for that period — it's not a display error or an unusual value.

Source: EDINET (Annual Securities Report) (fetched 2026-08-29) *Some metrics supplemented from additional sources

Sector positioning

Relative standing within the sector

Data provided by Twelve Data