Mynet, Inc. (JP:3928)
:3928
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Mynet, Inc.
(3928)
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Rating:55Neutral
Price Target:
¥236.00
▼(-16.01% Downside)
Action:Reiterated
Date:03/24/26
The score is driven primarily by improving financial performance and a strong 2025 cash-flow year, but capped by thin margins, a 2025 revenue decline, and continued leverage risk. Technicals are currently weak with the stock below key short/mid-term moving averages, while valuation is supportive with a low-to-moderate P/E.
Positive Factors
Improved Cash Generation
Meaningful cash generation in 2025 — operating and free cash flow roughly equaling net income — indicates the company can convert earnings into cash. That cash supports reinvestment, game revitalization, and debt paydown, improving financial flexibility if sustained.
Negative Factors
Elevated Leverage
Debt levels remain high relative to equity (debt-to-equity ~1.41), leaving capital structure sensitive to earnings volatility. Even with improvement, elevated leverage increases interest costs and limits flexibility for acquisitions or marketing during weaker quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Cash Generation
Meaningful cash generation in 2025 — operating and free cash flow roughly equaling net income — indicates the company can convert earnings into cash. That cash supports reinvestment, game revitalization, and debt paydown, improving financial flexibility if sustained.
Read all positive factors
Mynet, Inc. (3928) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.04B
Dividend YieldN/A
Average Volume (3M)24.17K
Price to Earnings (P/E)429.4
Beta (1Y)0.90
Revenue Growth-13.72%
EPS Growth-97.43%
CountryJP
Employees260
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)14.86
Shares Outstanding8,710,334
10 Day Avg. Volume20,020
30 Day Avg. Volume24,170
Financial Highlights & Ratios
PEG Ratio-1.37
Price to Book (P/B)1.57
Price to Sales (P/S)0.32
P/FCF Ratio2.98
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
Mynet, Inc. Business Overview & Revenue Model
Company Description
Headquartered in Tokyo, Japan, Mynet Inc. is a company established in 2006 that delivers gaming services across the Japanese market. Beyond the development of diverse video games, their offerings also extend to providing sports digital transformat...
How the Company Makes Money
Mynet, Inc. generates revenue primarily through its mobile game operation business by acquiring underperforming or aging mobile games, revitalizing them, and monetizing them through in-game purchases, advertisements, and premium memberships. The c...
Mynet, Inc. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
48
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.11B | 7.48B | 8.85B | 8.72B | 10.54B | 10.57B |
| Gross Profit | 3.44B | 3.35B | 3.55B | 3.33B | 3.70B | 4.29B |
| EBITDA | 248.35M | 414.18M | 490.00M | 219.49M | -1.15B | 693.98M |
| Net Income | 125.91M | 228.13M | 245.63M | 143.00M | -1.63B | 229.27M |
Balance Sheet | ||||||
| Total Assets | 4.69B | 4.69B | 4.84B | 3.74B | 4.36B | 5.83B |
| Cash, Cash Equivalents and Short-Term Investments | 2.45B | 2.37B | 2.39B | 1.53B | 1.98B | 3.50B |
| Total Debt | 2.13B | 2.15B | 2.39B | 1.47B | 2.09B | 1.90B |
| Total Liabilities | 2.99B | 3.17B | 3.32B | 2.49B | 3.36B | 3.01B |
| Stockholders Equity | 1.57B | 1.52B | 1.39B | 1.16B | 995.86M | 2.82B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 803.36M | 126.40M | 195.47M | -277.14M | 499.40M |
| Operating Cash Flow | 0.00 | 803.36M | 329.00M | 249.00M | -148.63M | 527.96M |
| Investing Cash Flow | 0.00 | -326.94M | -190.06M | -247.97M | -1.36B | -14.97M |
| Financing Cash Flow | 0.00 | -492.88M | 720.00M | -415.00M | -26.28M | 210.10M |
Mynet, Inc. Technical Analysis
Negative
281.00
Price Trends
262.80
Negative
276.66
Negative
265.17
Negative
Market Momentum
-9.52
Positive
29.43
Positive
18.65
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3928, the sentiment is Negative. The current price of 281 is above the 20-day moving average (MA) of 244.90, above the 50-day MA of 262.80, and above the 200-day MA of 265.17, indicating a bearish trend. The MACD of -9.52 indicates Positive momentum. The RSI at 29.43 is Positive, neither overbought nor oversold. The STOCH value of 18.65 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3928.
Mynet, Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | ¥8.97B | 9.99 | ― | ― | -21.20% | 141.82% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | ¥11.41B | 52.88 | ― | ― | 38.66% | ― | |
56 Neutral | ¥6.19B | 12.94 | ― | 0.75% | 17.98% | 9.85% | |
55 Neutral | ¥2.04B | 429.39 | ― | ― | -13.72% | -97.43% | |
54 Neutral | ¥13.04B | 8.44 | ― | ― | 2.70% | -30.63% | |
42 Neutral | ¥1.44B | -0.92 | ― | ― | -37.84% | -10.12% |
* Communication Services Sector Average
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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.