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Open Door
(3926)
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Rating:56Neutral
Price Target:
¥443.00
▲(14.18% 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
Zero debt across all periods materially reduces solvency and refinancing pressure, preserving flexibility to fund operations or strategic initiatives. This provides a financial buffer while the company works to improve profitability and cash generation.
Negative Factors
Persistent Unprofitability
Operating results remain negative and net losses widened sharply in 2026 despite healthy gross profit. Persistent failure to convert gross profit into operating earnings suggests cost or execution pressure, limiting internally funded expansion and leaving profitability improvement as a central durability risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
Zero debt across all periods materially reduces solvency and refinancing pressure, preserving flexibility to fund operations or strategic initiatives. This provides a financial buffer while the company works to improve profitability and cash generation.
Read all positive factors
Open Door (3926) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.90B
Dividend YieldN/A
Average Volume (3M)38.73K
Price to Earnings (P/E)―
Beta (1Y)0.90
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. Volume20,550
30 Day Avg. Volume38,733
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
388.00
Price Trends
411.78
Positive
350.99
Positive
338.30
Positive
Market Momentum
6.85
Positive
51.85
Neutral
21.44
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 388 is below the 20-day moving average (MA) of 428.80, below the 50-day MA of 411.78, and above the 200-day MA of 338.30, indicating a bullish trend. The MACD of 6.85 indicates Positive momentum. The RSI at 51.85 is Neutral, neither overbought nor oversold. The STOCH value of 21.44 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥350.67B | 18.69 | ― | ― | 23.88% | 15.10% | |
73 Outperform | ¥19.95B | 19.65 | ― | 0.48% | 31.11% | 0.55% | |
69 Neutral | ¥61.94B | 63.68 | ― | ― | 30.21% | 488.52% | |
66 Neutral | ¥29.13B | 10.17 | ― | 0.55% | 32.95% | 48.92% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | ¥12.90B | -12.30 | -29.78% | ― | 3.44% | -631.05% | |
54 Neutral | ¥3.02B | 261.90 | ― | ― | -22.29% | ― |
* Communication Services Sector Average
JP:3926
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Open Door Corporate Events
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 travel...
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...
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.