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Mynet, Inc. (3928) AI Stock Analysis

1 Followers
JP:3928

Mynet, Inc.

(TSE/TYO:3928)

Select Model
Rating:46Neutral
Price Target:JPY 218.00â–¼(-1.80% Downside)
Action:reiterated
Date:11/07/26

The overall score is heavily pressured by extremely weak technicals, with the stock in a clear downtrend and showing strong bearish momentum. Financial performance is a mixed bag; robust cash generation is a key strength, but it is offset by declining revenues and high debt. Valuation offers no support due to negative earnings and no dividend. The primary risk is the sustained negative price action, while the main mitigating factor is the company's improved cash flow and profitability on an operational basis.

Positive Factors
Return to ProfitabilityThe return to positive earnings indicates that the company has moved beyond the severe 2022 loss period and restored basic operating viability. Maintaining profitability across three years provides a stronger foundation for reinvestment, debt management, and business stability over the next several quarters.
Negative Factors
Revenue ContractionRevenue weakness points to limited demand or business expansion momentum and makes future earnings growth harder to achieve. A second year without clear top-line acceleration could constrain operating leverage, reduce reinvestment flexibility, and leave profitability more exposed to cost pressure.

Mynet, Inc. (3928) vs. iShares MSCI Japan ETF (EWJ)

-30%-20%-10%0%10%20%30%JP:3928-14.94%EWJ+13.61%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 2.11B
Dividend Yield
―
Average Volume (3M)
18.71K
Price to Earnings (P/E)
-19.9
Beta (1Y)
0.79
Revenue Growth
-6.91%
EPS Growth
-173.90%
Country
Japan
Employees
262
Sector
General
Sector Strength
55
Industry
Electronic Gaming & Multimedia

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 transformation...

Mynet, Inc. Financial Statement Overview

Summary

Financial performance is mixed. Cash flow is a relative strength (Score 65) with a 144% surge in operating cash flow, indicating high earnings quality. However, the income statement (Score 45) shows persistent revenue decline, and the balance sheet (Score 50) reflects high leverage with a debt-to-equity ratio of 1.41. The overall trend is one of stabilization and recovery, but top-line pressure and debt burden cap the score.

Income Statement

45Neutral

Balance Sheet

50Neutral

Cash Flow

65Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue7.55B7.48B8.85B8.72B10.54B10.57B
Gross Profit3.08B3.35B3.55B3.33B3.70B4.29B
EBITDA148.38M414.18M490.57M219.49M-1.15B693.98M
Net Income-95.58M228.13M245.63M143.00M-1.63B229.27M
Balance Sheet
Total Assets4.69B4.69B4.84B3.74B4.36B5.83B
Cash, Cash Equivalents and Short-Term Investments2.23B2.37B2.39B1.53B1.98B3.50B
Total Debt2.08B2.15B2.39B1.47B2.09B1.90B
Total Liabilities3.33B3.17B3.32B2.49B3.36B3.01B
Stockholders Equity1.37B1.52B1.39B1.16B995.86M2.82B
Cash Flow
Free Cash Flow0803.36M126.40M195.47M-277.14M499.40M
Operating Cash Flow0803.36M329.00M249.00M-148.63M527.96M
Investing Cash Flow0-326.94M-190.06M-247.97M-1.36B-14.97M
Financing Cash Flow0-492.88M720.00M-415.00M-26.28M210.10M

Mynet, Inc. Technical Analysis

Technical Analysis SentimentNeutral
Last Price222.00

Price Trends

50DMA229.66Negative
100DMA231.12Negative
200DMA253.49Negative

Market Momentum

MACD-4.25Negative
RSI49.85Neutral
STOCH65.71Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3928, the sentiment is Neutral. The current price of 222.00 is above the 20-day moving average (MA) of 220.05, below the 50-day MA of 229.66, and below the 200-day MA of 253.49, indicating a neutral trend. The MACD of -4.25 indicates Negative momentum. The RSI at 49.85 is Neutral, neither overbought nor oversold. The STOCH value of 65.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3928.

Mynet, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:3928 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:3911JP:391170OutperformJPY 10.84B9.13――-20.04%-54.97%
JP:3793JP:379368NeutralJPY 13.27B4.24――4.52%―
JP:3904JP:390456NeutralJPY 6.28B11.45―1.00%20.33%15.26%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:3928JP:392846NeutralJPY 2.04B-19.95――-6.91%-173.90%
JP:3903JP:390343NeutralJPY 7.98B-4.52――26.98%-143.29%
JP:3667JP:366739UnderperformJPY 1.07B-0.52――-35.20%10.73%

* General Sector Average

Performance Comparison

-75%-50%-25%0%25%JP:3928JP:3667JP:3793JP:3903JP:3904JP:3911Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:3928 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3928Mynet, Inc.222.00-37.00-14.29%
JP:3667enish, Inc.19.00-66.00-77.65%
JP:3793Drecom Co., Ltd.453.00-2.00-0.44%
JP:3903gumi, Inc.142.00-268.00-65.37%
JP:3904KAYAC, Inc.393.00-86.33-18.01%
JP:3911Aiming, Inc.234.007.003.08%
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: Nov 07, 2026