Open Door Inc (JP:3926)
:3926
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Open Door
(3926)
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Rating:52Neutral
Price Target:
¥373.00
▲(16.93% Upside)
Action:ReiteratedDate:03/25/26
The score is held back primarily by ongoing losses and still-negative, inconsistent cash generation despite improvement. Strength comes from a low-risk balance sheet with zero debt and a mildly constructive near-term technical setup, while valuation remains unattractive/unclear given the negative P/E and lack of dividend support.
Positive Factors
Strong Balance Sheet
Zero reported debt and a sizable equity cushion materially reduce financial risk and give management optionality to fund operations or strategic initiatives without urgent refinancing. This durable capital structure supports stability through cycles and enables measured investments over the next 2–6 months.
Negative Factors
Ongoing Net Losses
Continued operating losses erode retained earnings and mean the company is not yet converting its gross margin advantage into net profitability. Persistent losses constrain reinvestment, limit internal funding for growth initiatives, and raise the probability of future external financing needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Balance Sheet
Zero reported debt and a sizable equity cushion materially reduce financial risk and give management optionality to fund operations or strategic initiatives without urgent refinancing. This durable capital structure supports stability through cycles and enables measured investments over the next 2–6 months.
Read all positive factors
Open Door (3926) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥10.70B
Dividend YieldN/A
Average Volume (3M)96.72K
Price to Earnings (P/E)―
Beta (1Y)0.64
Revenue Growth-1.93%
EPS Growth14.92%
CountryJP
Employees186
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-31.75
Shares Outstanding31,260,000
10 Day Avg. Volume120,220
30 Day Avg. Volume96,723
Financial Highlights & Ratios
PEG Ratio5.37
Price to Book (P/B)4.35
Price to Sales (P/S)7.85
P/FCF Ratio-779.18
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)-8.7
Revenue Forecast (FY)¥2.40B
Open Door Business Overview & Revenue Model
Company Description
OpenDoor Inc. provides Web services through the Internet in Japan. The company operates Travelko, a travel comparison site; TRAVELKO, a multi-language travel comparison site; and GALLERY JAPAN, a Japanese traditional art crafts site. It is also in...
How the Company Makes Money
null...
Open Door Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.38B | 2.41B | 2.56B | 2.06B | 1.20B | 1.12B |
| Gross Profit | 1.41B | 1.44B | 1.67B | 1.22B | 539.41M | 475.04M |
| EBITDA | -82.59M | -73.02M | -143.16M | -14.49M | -583.14M | -707.01M |
| Net Income | -146.63M | -120.69M | -170.16M | -44.66M | -544.80M | -652.16M |
Balance Sheet | ||||||
| Total Assets | 4.68B | 4.80B | 5.66B | 6.40B | 5.37B | 6.71B |
| Cash, Cash Equivalents and Short-Term Investments | 2.11B | 2.21B | 2.63B | 2.99B | 3.02B | 2.92B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 461.94M | 457.53M | 551.89M | 734.36M | 281.18M | 496.10M |
| Stockholders Equity | 4.21B | 4.34B | 5.11B | 5.67B | 5.09B | 6.21B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -24.24M | -351.07M | -21.89M | 101.51M | -1.21B |
| Operating Cash Flow | 0.00 | -4.68M | -313.00M | -7.33M | 117.73M | -1.15B |
| Investing Cash Flow | 0.00 | -413.88M | -48.08M | -23.99M | -17.10M | -1.58B |
| Financing Cash Flow | 0.00 | -21.00K | -34.00K | 0.00 | -165.00K | 0.00 |
Open Door Technical Analysis
Positive
319.00
Price Trends
340.20
Positive
328.45
Positive
399.95
Negative
Market Momentum
4.00
Positive
55.39
Neutral
30.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3926, the sentiment is Positive. The current price of 319 is below the 20-day moving average (MA) of 353.25, below the 50-day MA of 340.20, and below the 200-day MA of 399.95, indicating a neutral trend. The MACD of 4.00 indicates Positive momentum. The RSI at 55.39 is Neutral, neither overbought nor oversold. The STOCH value of 30.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3926.
Open Door Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥31.95B | 7.68 | ― | 0.11% | 31.33% | 34.22% | |
71 Outperform | ¥291.47B | 21.83 | ― | ― | 23.28% | 26.56% | |
64 Neutral | ¥3.35B | -147.16 | ― | ― | -5.08% | -180.19% | |
63 Neutral | ¥45.52B | 58.36 | ― | ― | 22.37% | 655.34% | |
61 Neutral | ¥18.54B | 26.23 | ― | ― | 28.90% | 29.06% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | ¥10.70B | -2.49 | -28.52% | ― | -1.93% | 14.92% |
* Communication Services Sector Average
JP:3926
Open Door
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Open Door Corporate Events
OpenDoor to Shift TSE Listing from Prime to Standard Market
Mar 18, 2026
OpenDoor Inc. has received approval from the Tokyo Stock Exchange to transfer its listing from the Prime Market to the Standard Market, effective March 25, 2026, and has simultaneously withdrawn its previously announced plan to meet the Prime Mark...
OpenDoor Sets Out Q3 FY2026 Results and Growth Plans in Japanese Leisure Travel
Mar 2, 2026
OpenDoor Inc. released its financial results for the third quarter of the fiscal year ending March 2026, outlining recent performance and key initiatives. The company also discussed market trends in leisure travel by Japanese travelers, its financ...
OpenDoor Finalizes Stock Option Grant to Subsidiary Staff
Feb 24, 2026
OpenDoor Inc., a Tokyo Stock Exchange Prime-listed company, operates in Japan’s digital services sector and is led by President and CEO Daisuke Sekine and CFO Hideaki Suzuki. The company’s structure and listing status position it withi...
OpenDoor Issues No-Cost Stock Options to Align Employees With Long-Term Growth
Feb 6, 2026
OpenDoor Inc. has approved the issuance of 288 units of share acquisition rights as stock options, covering up to 28,800 common shares, to its employees and directors of wholly owned subsidiaries at no upfront cost. The plan is designed to tie com...
OpenDoor Suspends Shareholder Benefit Program After Nine-Month Results
Feb 6, 2026
OpenDoor Inc. has decided to suspend its shareholder benefit program for investors on record at the end of March 2026, following a resolution by its Board of Directors on February 6, 2026. The suspended benefit is a QUO card worth 1,000 yen that h...
OpenDoor Books ¥952 Million Extraordinary Loss on Investment Securities Impairment
Feb 6, 2026
OpenDoor Inc. has booked an extraordinary loss of ¥952 million for the nine months ended December 31, 2025, after a significant decline in the fair value of investment securities it holds triggered an impairment charge. The loss is incorporat...
OpenDoor Widens Losses on Flat Sales and Withholds Full-Year Outlook
Feb 6, 2026
OpenDoor Inc. reported consolidated net sales of ¥1,825 million for the nine months ended December 31, 2025, essentially flat year-on-year, but slipped deeper into the red with an operating loss of ¥93 million and a loss attributable to ...
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.
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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.