kabutan

PATH, Apr-Dec (Cumulative 3Q) Ordinary Profit Loss Widens, Oct-Dec Ordinary Profit Loss Widens

Fri Feb 13, 2026 4:00 pm JST Earnings

3840 PATH corporation 【J-GAAP】

Earnings Report

PATH corporation <3840> [TSE Std] announced its financial results after the market closed on February 13th (16:00). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded to a loss of 525 million yen (compared to a loss of 173 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a profit of 30 million yen (compared to a loss of 55 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary loss expanded to a loss of 202 million yen (compared to a loss of 96 million yen in the same period last year). The operating profit/loss margin drastically worsened from -12.3% in the same period last year to -37.4%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 1,771 -127 -123 -126 -2.4 ー Feb 14, 2024 J-GAAP
Apr - Dec, 2024 1,676 -152 -173 -194 -3.2 ー Feb 14, 2025 J-GAAP
Apr - Dec, 2025 1,794 -520 -525 -519 -6.8 ー Feb 13, 2026 J-GAAP
YoY +7.0% -242.1% -203.5% -167.5% -113.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 1,130 -124 -151 -195 -3.1 0 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,575 -161 -172 -179 -2.3 0 Nov 13, 2025 J-GAAP
YoY +39.4% -29.8% -13.9% +8.2% +25.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,320 -172 -168 -175 -3.3 0 May 15, 2024 J-GAAP
Mar, 2025 2,253 -208 -228 -276 -4.4 0 May 13, 2025 J-GAAP
Mar, 2026 Guidance 2,840 -483 -495 -499 -6.4 0 Nov 13, 2025 J-GAAP
YoY +26.1% -132.2% -117.1% -80.8% -46.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 553 -68 -96 -113 -1.9 -12.3 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 577 -56 -55 -82 -1.3 -9.7 May 13, 2025 J-GAAP
Apr - Jun, 2025 599 -154 -157 -152 -2.1 -25.7 Aug 13, 2025 J-GAAP
Jul - Sep, 2025 666 -168 -166 -168 -2.2 -25.2 Nov 13, 2025 J-GAAP
Oct - Dec, 2025 529 -198 -202 -199 -2.6 -37.4 Feb 13, 2026 J-GAAP
YoY -4.3% -191.2% -110.4% -76.1% -40.1%

Related Articles