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Open Door (3926) AI Stock Analysis

JP:3926

Open Door

(TSE/TYO:3926)

Select Model
Rating:44Neutral
Price Target:JPY 368.00â–¼(-3.16% Downside)
Action:reiterated
Date:10/30/26

The score is primarily constrained by weak financial performance, driven by ongoing losses and negative operating/free cash flow despite a debt-free balance sheet. Technical signals also lean bearish (below key short/mid-term moving averages with negative MACD), and valuation remains challenged because the company is unprofitable (negative P/E).

Positive Factors
Debt-Free Balance SheetZero debt across all periods gives Open Door meaningful solvency protection and preserves financial flexibility. With no debt-service burden, the company has greater capacity to manage operating volatility, fund necessary investment, and withstand continued losses without immediate refinancing pressure.
Negative Factors
Persistent UnprofitabilityPersistent operating losses and the sharp widening of net losses in 2026 show that Open Door has not yet converted its revenue base into sustainable earnings. Continued unprofitability can erode equity, restrict internally funded investment, and increase execution pressure over the next several quarters.

Open Door (3926) vs. iShares MSCI Japan ETF (EWJ)

-40%-30%-20%-10%0%10%20%30%40%JP:3926+5.26%EWJ+16.91%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 77.53M
Dividend Yield
―
Average Volume (3M)
43.93K
Price to Earnings (P/E)
-11.0
Beta (1Y)
0.86
Revenue Growth
3.44%
EPS Growth
-631.05%
Country
Japan
Employees
191
Sector
Communication Services
Sector Strength
60
Industry
Internet Content & Information

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-lan...

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 throu...

Open Door Financial Statement Overview

Summary

Overall financials are pressured by persistent losses and a cash-burn profile (negative operating and free cash flow). While the balance sheet is strong with zero debt (lowering solvency risk), equity has been eroding alongside worsening net losses, and revenue growth has been uneven recently.

Income Statement

33Negative

Balance Sheet

76Positive

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2026Mar 2025Mar 2024Mar 2023
Income Statement
Total Revenue2.38B2.41B2.45B2.56B2.06B1.20B
Gross Profit1.41B1.44B1.54B1.67B1.22B539.41M
EBITDA-144.46M-73.02M-12.52M-143.16M-14.49M-583.14M
Net Income-217.89M-120.69M-1.13B-170.16M-44.66M-544.80M
Balance Sheet
Total Assets4.58B4.80B4.07B5.66B6.40B5.37B
Cash, Cash Equivalents and Short-Term Investments2.07B2.21B2.14B2.63B2.99B3.02B
Total Debt000000
Total Liabilities571.18M457.53M587.30M551.89M734.36M281.18M
Stockholders Equity4.01B4.34B3.48B5.11B5.67B5.09B
Cash Flow
Free Cash Flow0-24.24M-52.91M-351.07M-21.89M101.51M
Operating Cash Flow0-4.68M-11.81M-313.00M-7.33M117.73M
Investing Cash Flow0-413.88M-59.08M-48.08M-23.99M-17.10M
Financing Cash Flow0-21.00K0-34.00K0-165.00K

Open Door Technical Analysis

Technical Analysis SentimentNegative
Last Price380.00

Price Trends

50DMA428.28Negative
100DMA385.41Negative
200DMA352.13Positive

Market Momentum

MACD-8.84Positive
RSI37.12Neutral
STOCH15.15Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3926, the sentiment is Negative. The current price of 380.00 is below the 20-day moving average (MA) of 431.10, below the 50-day MA of 428.28, and above the 200-day MA of 352.13, indicating a neutral trend. The MACD of -8.84 indicates Positive momentum. The RSI at 37.12 is Neutral, neither overbought nor oversold. The STOCH value of 15.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3926.

Open Door Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

JP:3926 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:5139JP:513974OutperformJPY 19.33B18.73―0.50%31.11%0.55%
JP:4194JP:419472OutperformJPY 387.20B20.64――23.88%15.10%
JP:5243JP:524365NeutralJPY 55.34B44.33――32.22%312.16%
JP:7047JP:704761NeutralJPY 27.02B8.71―0.65%32.95%48.92%
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
JP:6054JP:605450NeutralJPY 2.91B250.00――-22.29%―
JP:3926JP:392644NeutralJPY 12.13B-11.00-29.78%―3.44%-631.05%

* Communication Services Sector Average

Performance Comparison

0%100%200%JP:3926JP:4194JP:5139JP:5243JP:6054JP:7047Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:3926 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3926Open Door 380.002.000.53%
JP:4194Visional, Inc.9525.00-575.00-5.69%
JP:5139OpenWork Inc.900.00-108.39-10.75%
JP:5243note inc.2944.001672.00131.45%
JP:6054Livesense Inc.105.00-24.00-18.60%
JP:7047PORT INC.1845.00-151.47-7.59%

Open Door Corporate Events

Kufu Company Holdings Lifts Stake in OpenDoor to Over 10%

Oct 2, 2026

OpenDoor Inc. has disclosed a change in its major shareholder following a regulatory filing with the Kanto Regional Finance Bureau. The update relates to holdings in the company’s stock as recorded in a Statement of Large-Volume Holdings, under...

OpenDoor Sets Out Q1 Results and Growth Strategy for FY2027

Aug 31, 2026

OpenDoor Inc. has released its financial results for the first quarter of the fiscal year ending March 2027, outlining recent performance and business initiatives. The announcement also reviews market trends in leisure travel among Japanese travelers...

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 losses...

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.

Date of analysis: Oct 30, 2026