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PATH Corporation
(3840)
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Rating:42Neutral
Price Target:
¥60.00
▲(0.00% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by weak financial performance: widening losses in 2026 and ongoing negative operating/free cash flow outweigh the benefit of revenue growth and manageable leverage. Technicals add additional pressure with the stock trading below key moving averages and negative MACD. Valuation is also hindered by the negative P/E, indicating losses rather than earnings-based support.
Positive Factors
Long-run revenue expansion
Revenue expansion indicates the company has continued to grow its business over the longer run, providing a foundation for future operating improvement. If management can convert this scale into better cost absorption, the larger revenue base could support stronger earnings over coming quarters.
Negative Factors
Sharp operating loss deterioration
The sharp widening of operating and net losses shows that recent revenue growth is not translating into earnings and that operating leverage remains weak. Persistent losses can constrain reinvestment, weaken financial resilience, and make a durable recovery dependent on substantial cost improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-run revenue expansion
Revenue expansion indicates the company has continued to grow its business over the longer run, providing a foundation for future operating improvement. If management can convert this scale into better cost absorption, the larger revenue base could support stronger earnings over coming quarters.
Read all positive factors
PATH Corporation (3840) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.21B
Dividend YieldN/A
Average Volume (3M)126.72K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth-0.19%
EPS Growth-172.04%
CountryJP
Employees50
SectorIndustrials
Sector Strength72
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-15.77
Shares Outstanding82,680,240
10 Day Avg. Volume97,880
30 Day Avg. Volume126,723
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)2.72
Price to Sales (P/S)2.18
P/FCF Ratio-10.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PATH Corporation Business Overview & Revenue Model
Company Description
VIXTON Corporation manufactures and retails cosmetics and wellness products through e-commerce and other channels. The company offers cosmetics and beauty products under the Ex:BEAUTE brand, along with wellness and regenerative medicine products. ...
PATH Corporation Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
52
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.36B | 2.37B | 2.25B | 2.32B | 1.99B | 2.11B |
| Gross Profit | 1.17B | 1.16B | 1.17B | 1.10B | 972.41M | 1.10B |
| EBITDA | -790.86M | -788.58M | -163.36M | -137.10M | -195.17M | -636.52M |
| Net Income | -1.23B | -1.28B | -276.77M | -175.88M | -256.11M | -745.99M |
Balance Sheet | ||||||
| Total Assets | 2.22B | 2.53B | 3.25B | 1.68B | 1.45B | 1.27B |
| Cash, Cash Equivalents and Short-Term Investments | 49.86M | 357.20M | 154.66M | 296.58M | 172.88M | 345.48M |
| Total Debt | 50.00M | 250.00M | 293.39M | 0.00 | 0.00 | 500.00M |
| Total Liabilities | 418.55M | 621.09M | 777.41M | 477.02M | 350.55M | 802.16M |
| Stockholders Equity | 1.80B | 1.91B | 2.47B | 1.20B | 1.10B | 469.69M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -490.93M | -1.06B | -159.30M | -467.46M | -855.42M |
| Operating Cash Flow | 0.00 | -435.48M | -538.51M | -76.61M | -352.40M | -835.56M |
| Investing Cash Flow | 0.00 | -319.23M | -525.28M | -87.37M | -113.93M | -23.60M |
| Financing Cash Flow | 0.00 | 957.25M | 914.00M | 287.69M | 281.09M | 998.98M |
PATH Corporation Technical Analysis
Positive
60.00
Price Trends
59.00
Positive
58.54
Positive
60.52
Positive
Market Momentum
1.16
Negative
61.66
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3840, the sentiment is Positive. The current price of 60 is below the 20-day moving average (MA) of 60.65, above the 50-day MA of 59.00, and below the 200-day MA of 60.52, indicating a bullish trend. The MACD of 1.16 indicates Negative momentum. The RSI at 61.66 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3840.
PATH Corporation Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥45.40B | 11.42 | ― | 4.37% | -1.79% | 10.53% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥6.80B | 17.50 | ― | 4.22% | 1.99% | 114.51% | |
57 Neutral | ¥5.85B | 32.68 | ― | 2.61% | -3.93% | 11.47% | |
53 Neutral | ¥3.10B | 15.06 | ― | 3.77% | -2.64% | -19.41% | |
42 Neutral | ¥5.21B | -4.06 | ― | ― | -0.19% | -172.04% |
* Industrials Sector Average
JP:3840
PATH Corporation
64.00
-41.00
-39.05%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.