Path (3840.T) Stock Price

Path Price

CLOSED
62.00JPY
Market closed

Revenue has compounded at 9% per year over the past 19 years to 2.25 B JPY. Earnings per share have declined at 10.6% per year over the last 13 years. Path's net margin stands at -12.3%, up from -24.4% several years earlier.

Path stock price

Volume
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Stock Price

How to Read This Chart

This chart tracks the historical stock price of Path over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Path stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Path's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Path Stock Price History
DatePath Price
Access this data via the Eulerpool API

Path Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
436.6 M JPY
107.2 M JPY
69.3 M JPY
Jan 1, 2007
798 M JPY
195.8 M JPY
91.5 M JPY
Jan 1, 2008
672 M JPY
-251.9 M JPY
-307.9 M JPY
Jan 1, 2009
352.2 M JPY
-346.6 M JPY
-426.7 M JPY
Jan 1, 2010
274.7 M JPY
-153.7 M JPY
-270.5 M JPY
Jan 1, 2011
452.4 M JPY
-88 M JPY
-155.6 M JPY
Jan 1, 2012
334 M JPY
-53.5 M JPY
-247.7 M JPY
Jan 1, 2013
116.9 M JPY
-103.9 M JPY
-103.3 M JPY
Jan 1, 2014
385.3 M JPY
-97.9 M JPY
-150.1 M JPY
Jan 1, 2015
616.9 M JPY
-159.24 M JPY
-150.05 M JPY
Jan 1, 2016
2.18 B JPY
-545.64 M JPY
-484.69 M JPY
Jan 1, 2017
3.4 B JPY
-563.7 M JPY
-987.65 M JPY
Jan 1, 2018
3.41 B JPY
-4.09 M JPY
-11.94 M JPY
Jan 1, 2019
3.68 B JPY
-17.36 M JPY
157.49 M JPY
Jan 1, 2020
2.48 B JPY
-546.22 M JPY
-777.82 M JPY

Path Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 7, 2026, 7:27 AM
 
REVENUE (B JPY)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B JPY)
NET INCOME (M JPY)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
20182019202020212022202320242025
3.413.682.482.212.111.992.322.25
0.447.8-32.49-11.08-4.26-5.8216.52-2.89
49.8547.4254.1748.5151.8948.8247.4152.06
1.71.741.351.071.10.971.11.17
-11157-777-538-745-256-175-276
-98.89-1,527.27-594.9-30.7638.48-65.64-31.6457.71
20.3328.2428.2429.3135.5946.8553.1563.45
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Path generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Path retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Path's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Path has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Path's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Path stock margins

The Path margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Path. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Path.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
51.63 %
24.55 %
15.87 %
Jan 1, 2007
56.88 %
24.54 %
11.47 %
Jan 1, 2008
26.01 %
-37.49 %
-45.82 %
Jan 1, 2009
13.37 %
-98.41 %
-121.15 %
Jan 1, 2010
22.57 %
-55.95 %
-98.47 %
Jan 1, 2011
26.68 %
-19.45 %
-34.39 %
Jan 1, 2012
28.89 %
-16.02 %
-74.16 %
Jan 1, 2013
11.04 %
-88.88 %
-88.37 %
Jan 1, 2014
13.5 %
-25.41 %
-38.96 %
Jan 1, 2015
13.13 %
-25.81 %
-24.32 %
Jan 1, 2016
36.49 %
-25.03 %
-22.23 %
Jan 1, 2017
55.77 %
-16.59 %
-29.07 %
Jan 1, 2018
49.86 %
-0.12 %
-0.35 %
Jan 1, 2019
47.42 %
-0.47 %
4.28 %
Jan 1, 2020
54.15 %
-21.99 %
-31.31 %

Path Stock Revenue, EBIT, Earnings per Share

The Path earnings per share therefore indicates how much revenue Path has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
150.55 JPY
36.97 JPY
23.9 JPY
Jan 1, 2007
221.67 JPY
54.39 JPY
25.42 JPY
Jan 1, 2008
224 JPY
-83.97 JPY
-102.63 JPY
Jan 1, 2009
113.61 JPY
-111.81 JPY
-137.65 JPY
Jan 1, 2010
63.88 JPY
-35.74 JPY
-62.91 JPY
Jan 1, 2011
69.6 JPY
-13.54 JPY
-23.94 JPY
Jan 1, 2012
51.38 JPY
-8.23 JPY
-38.11 JPY
Jan 1, 2013
19.81 JPY
-17.61 JPY
-17.51 JPY
Jan 1, 2014
65.31 JPY
-16.59 JPY
-25.44 JPY
Jan 1, 2015
72.74 JPY
-18.78 JPY
-17.69 JPY
Jan 1, 2016
146.22 JPY
-36.59 JPY
-32.51 JPY
Jan 1, 2017
185.55 JPY
-30.79 JPY
-53.95 JPY
Jan 1, 2018
167.88 JPY
-0.2 JPY
-0.59 JPY
Jan 1, 2019
130.26 JPY
-0.61 JPY
5.58 JPY
Jan 1, 2020
87.96 JPY
-19.34 JPY
-27.54 JPY

Path business model & stock analysis

PATH Corp. engages in mail order and block chain consulting businesses. The company is headquartered in Shibuya-Ku, Tokyo-To and currently employs 56 full-time employees. The company went IPO on 2007-03-12. The firm operates through two business segments. The Mail-order segment is engaged in the planning, development and sale of products related with beauty and health. The firm sells Ex:beaute brand cosmetics products such as Actress skin foundation and other cosmetics. The company mainly develops business through television (TV), catalogs, Web, and over-the-counter sales. The Blockchain related segment provides consulting services on platforms and applications using blockchain technology, and initial coin offering (ICO). The company is also engaged in the provision of Bastion, a custody business management system for virtual currency exchange companies, and BastionPay, a cashless promotion system using blockchain technology.

Path Eulerpool Fair Value

Path historical P/E ratio, EBIT multiple, and P/S ratio

Path annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Path shares outstanding

The number of shares was Path in 2025 — This indicates how many shares 63.452 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
2.9 M base_Shares
Jan 1, 2007
3.6 M base_Shares
Jan 1, 2008
3 M base_Shares
Jan 1, 2009
3.1 M base_Shares
Jan 1, 2010
4.3 M base_Shares
Jan 1, 2011
6.5 M base_Shares
Jan 1, 2012
6.5 M base_Shares
Jan 1, 2013
5.9 M base_Shares
Jan 1, 2014
5.9 M base_Shares
Jan 1, 2015
8.48 M base_Shares
Jan 1, 2016
14.91 M base_Shares
Jan 1, 2017
18.31 M base_Shares
Jan 1, 2018
20.33 M base_Shares
Jan 1, 2019
28.24 M base_Shares
Jan 1, 2020
28.24 M base_Shares
Price targets and forecasts for Path are not yet available.

Path shareholder structure

% Name
32.07088%
KK Sasutina
KK Sasutina
5.21045%
KK Sun Tech - Osaka
KK Sun Tech - Osaka
3.46626%
Kubota (Yoshimichi)
Kubota (Yoshimichi)
2.59555%
Tsuchiya (Masayoshi)
Tsuchiya (Masayoshi)
2.41896%
KK KIZUNA- Tokyo
KK KIZUNA- Tokyo
1.80733%
Iwama (Hitoshi)
Iwama (Hitoshi)

Path Executives and Management Board

FN

Mr. Fumiaki Nakaya

(56)

President, Representative Director · since 2016

AH

Mr. Atsuyuki Hoshi

(46)

Director

YT

Mr. Yuzo Takahashi

(52)

Representative Director

KK

Mr. Kenichi Kai

(54)

Independent Director

JM

Mr. Jun Morii

(43)

Independent Director

Path Supply Chain

Frequently asked questions about Path

All fundamentals and in-depth analysis of Path

Our stock analysis for Path Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Path Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.