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Mynet, Inc. (3928) AI Stock Analysis

1 Followers
JP:3928

Mynet, Inc.

(TSE/TYO:3928)

Select Model
Rating:48Neutral
Price Target:JPY 220.00â–¼(-0.90% Downside)
Action:reiterated
Date:11/07/26

The overall score of 48 is primarily driven by persistent top-line revenue declines and weak valuation metrics, including a negative P/E ratio. While the company demonstrates impressive cash flow generation and improving balance sheet health, the stock remains in a deeply bearish technical trend. Oversold RSI levels suggest the selling pressure may be stretched, but long-term value creation will depend heavily on reversing the negative sales trajectory.

Positive Factors
Profitability RecoveryReturning to positive earnings across three consecutive years indicates that the business has moved beyond the 2022 loss and restored operating viability. This provides a more durable earnings base for reinvestment and debt service, although profitability remains modest.
Negative Factors
Revenue ContractionRevenue weakness indicates that the company is not currently expanding its top line, limiting the natural operating leverage available to improve earnings. Continued contraction could make it harder to sustain profitability and fund growth without relying on efficiency gains.

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

-30%-20%-10%0%10%20%30%JP:3928-12.60%EWJ+16.06%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 2.12B
Dividend Yield
―
Average Volume (3M)
14.93K
Price to Earnings (P/E)
-19.9
Beta (1Y)
0.86
Revenue Growth
-0.42%
EPS Growth
-305.22%
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

The company shows robust cash flow generation and an improving balance sheet with reduced leverage, though these strengths are offset by a multi-year downward trend in top-line revenue.

Income Statement

42Neutral

Balance Sheet

58Neutral

Cash Flow

72Positive
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

50DMA229.38Negative
100DMA231.05Negative
200DMA253.09Negative

Market Momentum

MACD-3.59Negative
RSI49.85Neutral
STOCH74.29Neutral

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 219.90, below the 50-day MA of 229.38, and below the 200-day MA of 253.09, indicating a neutral trend. The MACD of -3.59 indicates Negative momentum. The RSI at 49.85 is Neutral, neither overbought nor oversold. The STOCH value of 74.29 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 10.65B8.90――-20.04%-54.97%
JP:3793JP:379368NeutralJPY 13.24B4.27――4.52%―
JP:3904JP:390456NeutralJPY 6.46B11.68―0.97%20.33%15.26%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:3928JP:392848NeutralJPY 2.09B-19.95――-0.42%-305.22%
JP:3903JP:390343NeutralJPY 7.44B-4.39――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.222.00-39.00-14.94%
JP:3667enish, Inc.19.00-63.00-76.83%
JP:3793Drecom Co., Ltd.456.006.001.33%
JP:3903gumi, Inc.138.00-258.00-65.15%
JP:3904KAYAC, Inc.401.00-82.30-17.03%
JP:3911Aiming, Inc.228.001.000.44%
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