TOKYO, Apr 14 (Pulse News Wire) – Path Corporation (3840.T) reported lower revenue and profits for the fiscal year ending February 2026 compared to the previous year. Revenue was ¥7.252 billion, down 15.8% percent from ¥6.265 billion last year.
Operating profit was ¥431 million, a decrease of 26.5% percent from ¥134.5 million previously. Net income dropped to ¥288 million, marking a decline of 26.4% percent from ¥138 million in the prior year. For the fiscal year ending February 2027, the company expects revenue to reach ¥6.589 billion, representing a decrease of 9.1% percent from the current year's forecast. Projected operating profit stands at ¥239 million, also showing a drop of 44.5% percent.
Similarly, net income is anticipated to fall to ¥160 million, a reduction of 44.4% percent from the previous year’s figure. In its motorcycle division, Path Corporation saw sales growth despite challenges such as declining youth populations and rising fuel prices. However, increased competition from international buyers and fluctuating foreign exchange rates pose risks to future performance. Meanwhile, the fitness sector maintained steady membership levels but faced higher depreciation expenses due to equipment upgrades.
The company plans significant investments in IT projects and anticipates potential declines in profitability across both segments next year.
Financial results — FY2026/2 (consolidated)
| Metric | Current | YoY |
|---|---|---|
| Revenue | ¥7,252M | +15.8% |
| Operating profit | ¥431M | -26.5% |
| Net profit | ¥288M | -26.4% |
Next period forecast
Revenue
¥6,589M
-9.1%Op. profit
¥239M
-44.5%Net profit
¥160M
-44.4%Source: TDNet filing · Figures in millions of yen
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