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Mynet, Inc.
(3928)
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Rating:55Neutral
Price Target:
¥252.00
▼(-10.32% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by a moderate financial recovery with strong 2025 cash flow but ongoing risks from thin margins, revenue decline, and elevated leverage. Technicals are supportive in the near term, but signals look stretched. Valuation is the biggest negative due to the extremely high P/E.
Positive Factors
Improved Free Cash Flow
2025's free cash flow roughly matching net income and operating cash flow rising to ~803M indicates the company can convert profits into cash. Durable cash generation improves financial flexibility for reinvestment, debt reduction, or buffering volatility, though consistency must be monitored.
Negative Factors
Revenue Decline
A near‑term decline in revenue (~-7.8% in 2025) points to weakening demand or portfolio churn. Persistent top‑line shrinkage undermines leverage benefits from higher gross margins, reduces reinvestment capacity, and makes sustaining profits and deleveraging more difficult over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Free Cash Flow
2025's free cash flow roughly matching net income and operating cash flow rising to ~803M indicates the company can convert profits into cash. Durable cash generation improves financial flexibility for reinvestment, debt reduction, or buffering volatility, though consistency must be monitored.
Read all positive factors
Mynet, Inc. (3928) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.21B
Dividend YieldN/A
Average Volume (3M)24.17K
Price to Earnings (P/E)417.9
Beta (1Y)0.82
Revenue Growth-6.91%
EPS Growth-173.90%
CountryJP
Employees262
SectorGeneral
Sector StrengthN/A
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)0.56
Shares Outstanding9,581,334
10 Day Avg. Volume20,020
30 Day Avg. Volume24,170
Financial Highlights & Ratios
PEG Ratio-1.36
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
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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 | 7.35B | 7.48B | 8.85B | 8.72B | 10.54B | 10.57B |
| Gross Profit | 3.16B | 3.35B | 3.55B | 3.33B | 3.70B | 4.29B |
| EBITDA | 209.19M | 414.18M | 490.00M | 219.49M | -1.15B | 693.98M |
| Net Income | 4.58M | 228.13M | 245.63M | 143.00M | -1.63B | 229.27M |
Balance Sheet | ||||||
| Total Assets | 4.57B | 4.69B | 4.84B | 3.74B | 4.36B | 5.83B |
| Cash, Cash Equivalents and Short-Term Investments | 2.10B | 2.37B | 2.39B | 1.53B | 1.98B | 3.50B |
| Total Debt | 1.99B | 2.15B | 2.39B | 1.47B | 2.09B | 1.90B |
| Total Liabilities | 3.19B | 3.17B | 3.32B | 2.49B | 3.36B | 3.01B |
| Stockholders Equity | 1.38B | 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
232.56
Positive
251.24
Negative
261.71
Negative
Market Momentum
4.17
Negative
47.22
Neutral
60.48
Neutral
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 235.10, above the 50-day MA of 232.56, and above the 200-day MA of 261.71, indicating a neutral trend. The MACD of 4.17 indicates Negative momentum. The RSI at 47.22 is Neutral, neither overbought nor oversold. The STOCH value of 60.48 is Neutral, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ¥8.03B | 12.52 | ― | ― | -23.76% | -54.87% | |
59 Neutral | ¥6.86B | 14.68 | ― | 0.95% | 20.33% | 15.26% | |
58 Neutral | ¥13.44B | 5.72 | ― | ― | 16.24% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ¥2.21B | 417.86 | ― | ― | -6.91% | -173.90% | |
54 Neutral | ¥14.12B | 9.21 | ― | ― | 2.70% | -28.19% | |
40 Underperform | ¥1.47B | -0.58 | ― | ― | -35.20% | 10.73% |
* General Sector Average
JP:3928
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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.