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Open Door
(3926)
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Rating:56Neutral
Price Target:
¥446.00
▲(22.19% Upside)
Action:Reiterated
Date:07/16/26
The score is held back primarily by weak financial performance (continued losses and negative operating/free cash flow despite a debt-free balance sheet). Technicals provide meaningful support (price above key moving averages with positive momentum), while valuation remains pressured by the negative P/E.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet lowers refinancing and interest-burden risk, giving Open Door flexibility to fund operations and pursue improvements. This financial resilience is valuable while the company works to restore profitability and cash generation.
Negative Factors
Persistent Losses
Persistent operating losses and the sharp 2026 deterioration show that Open Door has not yet converted revenue scale into sustainable earnings. Continued losses can constrain reinvestment, weaken equity, and increase dependence on operational improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet lowers refinancing and interest-burden risk, giving Open Door flexibility to fund operations and pursue improvements. This financial resilience is valuable while the company works to restore profitability and cash generation.
Read all positive factors
Open Door (3926) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥13.21B
Dividend YieldN/A
Average Volume (3M)96.72K
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue Growth3.44%
EPS Growth-631.05%
CountryJP
Employees191
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-34.55
Shares Outstanding31,260,000
10 Day Avg. Volume120,220
30 Day Avg. Volume96,723
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)2.82
Price to Sales (P/S)3.99
P/FCF Ratio-185.22
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)4.2
Revenue Forecast (FY)¥2.60B
Open Door Business Overview & Revenue Model
Company Description
Established in Tokyo, Japan, in 1997, OpenDoor Inc. provides a variety of internet-based services, primarily targeting the Japanese market. The company notably operates Travelko, an online platform for comparing travel options, along with a multi-...
How the Company Makes Money
Open Door (3926) generates revenue primarily through its online travel platforms by monetizing user traffic and travel purchase intent. Its core revenue model typically includes (1) referral/affiliate fees or commissions earned when users click th...
Open Door Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
76
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.46B | 2.45B | 2.41B | 2.56B | 2.06B | 1.20B |
| Gross Profit | 1.61B | 1.54B | 1.44B | 1.67B | 1.22B | 539.41M |
| EBITDA | 36.14M | -12.52M | -73.02M | -143.16M | -14.49M | -583.14M |
| Net Income | -1.07B | -1.13B | -120.69M | -170.16M | -44.66M | -544.80M |
Balance Sheet | ||||||
| Total Assets | 4.06B | 4.07B | 4.80B | 5.66B | 6.40B | 5.37B |
| Cash, Cash Equivalents and Short-Term Investments | 2.19B | 2.14B | 2.21B | 2.63B | 2.99B | 3.02B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 661.22M | 587.30M | 457.53M | 551.89M | 734.36M | 281.18M |
| Stockholders Equity | 3.39B | 3.48B | 4.34B | 5.11B | 5.67B | 5.09B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -52.91M | -24.24M | -351.07M | -21.89M | 101.51M |
| Operating Cash Flow | 0.00 | -11.81M | -4.68M | -313.00M | -7.33M | 117.73M |
| Investing Cash Flow | 0.00 | -59.08M | -413.88M | -48.08M | -23.99M | -17.10M |
| Financing Cash Flow | 0.00 | 0.00 | -21.00K | -34.00K | 0.00 | -165.00K |
Open Door Technical Analysis
Positive
365.00
Price Trends
369.54
Positive
327.18
Positive
327.90
Positive
Market Momentum
16.32
Negative
59.45
Neutral
87.96
Negative
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 365 is below the 20-day moving average (MA) of 405.45, below the 50-day MA of 369.54, and above the 200-day MA of 327.90, indicating a bullish trend. The MACD of 16.32 indicates Negative momentum. The RSI at 59.45 is Neutral, neither overbought nor oversold. The STOCH value of 87.96 is Negative, 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 |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥387.62B | 21.83 | ― | ― | 24.19% | 20.37% | |
73 Outperform | ¥20.54B | 20.12 | ― | ― | 31.11% | 0.55% | |
69 Neutral | ¥59.89B | 53.46 | ― | ― | 30.21% | 488.52% | |
66 Neutral | ¥31.75B | 10.91 | ― | 0.11% | 32.95% | 48.92% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | ¥13.21B | -12.33 | -28.52% | ― | 3.44% | -631.05% | |
54 Neutral | ¥3.18B | 276.19 | ― | ― | -22.29% | ― |
* Communication Services Sector Average
JP:3926
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Open Door Corporate Events
OpenDoor Narrows Quarterly Losses but Withholds Full-Year Outlook
Aug 7, 2026
OpenDoor Inc. reported a modest 1.7% year-on-year increase in net sales to ¥578 million for the quarter ended June 30, 2026, but remained loss-making, posting an operating loss of ¥16 million and a net loss of ¥29 million. While los...
OpenDoor details governance safeguards around controlling shareholder
Jun 25, 2026
OpenDoor Inc. disclosed that its founder and chief executive, Daisuke Sekine, is a controlling shareholder who directly and indirectly holds a combined 57.86% of the company’s voting rights as of March 31, 2026. The company reported that the...
OpenDoor Sets Terms for New Employee Stock Option Grant
Jun 10, 2026
OpenDoor Inc. has approved the detailed terms for issuing stock options in the form of share acquisition rights to one employee, following a board resolution passed on May 26, 2026. The plan covers 100 share acquisition rights, corresponding to 10...
OpenDoor Outlines FY2026 Results and Growth Plans in Leisure Travel
May 29, 2026
OpenDoor Inc. reported its financial results for the fiscal year ended March 2026, outlining overall performance and key initiatives undertaken during the period. The company also discussed current market trends in leisure travel by Japanese trave...
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.