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Earnings presentation3926Open Door Inc.Information and Communications, Services and Others

Financial Results Presentation Materials for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, revenue increased 2.0% year on year, while the operating loss narrowed from ¥102 million to ¥45 million. However, due to the impact of a ¥957 million impairment loss on investment securities, the net loss for the period widened from ¥120 million to ¥1,131 million.

Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
48
Millions of yen (year-on-year change in revenue)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Earnings presentationFiscal year ending March 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,453 million+2.0%
Operating profit¥-45 million
Ordinary income¥-34 million
Net income¥-1,131 million
Selling, general and administrative expenses¥1,589 million; SG&A expenses as a percentage of revenue: 64.8%
Operating profit marginCumulative: Not disclosed; fourth quarter of the fiscal year ending March 2026, standalone: 7.7%
Results for the three months of the current quarter
Net Sales
¥628 million+7.3%
Operating profit
¥48 million
Ordinary income
¥50 million
Net income
¥-37 million
Cost of sales
¥206 million-18.2%
Gross profit
¥421 million+26.8%
Selling, general and administrative expenses
¥373 million-1.7%
Full-year earnings forecastThe earnings forecast for the fiscal year ending March 2027 is undecided
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Cost of sales
    Change in amount-59
  • Labor Costs
    Change in amount89
  • Other cost of sales
    Change in amount-148
  • Personnel expenses
    Change in amount-50
  • Advertising expenses
    Change in amount125
  • Other SG&A expenses
    Change in amount-23
  • Impairment loss on investment securities held in ベルトラ社¥957 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Only a qualitative explanation was provided, stating that market volatility caused by macroeconomic factors such as the weak yen is substantial, making accurate forecasting difficult. Numerical assumptions: Not disclosed
New initiatives
  • Adding new menus, including cruises, to Travelko
  • Introducing AI search to Travelko
  • Providing AI services for businesses
  • Expanding the rollout of the business travel system to travel agencies
  • Expanding the development and rollout of an online flight and hotel booking system for travel agencies
  • Launching an e-commerce marketplace business on KOGEI JAPAN, including cross-border sales
Key KPIsA metric the company considers important as a management benchmark.
  • Total visits to major metasearch and booking websites92.4 Year-on-year %
    Year on year against the same period last year-7.6%
  • Number of development projects released102 Engagements
  • Number of integrated travel websites1,500 Websites or more
  • Number of active artists featured on GALLERY JAPAN2,000 Approximately 2,000 people
  • Number of products listed on KOGEI JAPAN244 Instrument
  • Overall ranking of Travelko among hotel comparison websites1 rank
    Year on year against the same period last yearRanked first overall for 3 consecutive years
Financial targets
The actual equity ratio of 85.1% is disclosed, but the financial target is Not disclosed
Market Size / Share
The total number of sessions across 25 major metasearch and booking websites was 695,867,226. Travelko ranked first overall among hotel comparison websites for 3 consecutive years
Number of employees
Number of Employees191 People consolidated
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥2,453 million (YoY +2.0%)
Operating profit¥-45 million
Ordinary income¥-34 million
Net income¥-1,131 million
Operating profit marginCumulative: Not disclosed; fourth quarter of the fiscal year ending March 2026, standalone: 7.7%
Selling, general and administrative expenses¥1,589 million; SG&A expenses as a percentage of revenue: 64.8%
Results for the three months of the current quarterNet Sales ¥628 million (YoY +7.3%) / Operating profit ¥48 million / Ordinary income ¥50 million / Net income ¥-37 million / Cost of sales ¥206 million (YoY -18.2%) / Gross profit ¥421 million (YoY +26.8%) / Selling, general and administrative expenses ¥373 million (YoY -1.7%)
Full-year earnings forecastThe earnings forecast for the fiscal year ending March 2027 is undecided
Breakdown of Factors Affecting the ChangeFactors Cost of sales / Change in amount ¥-59 million, Factors Labor Costs / Change in amount ¥89 million, Factors Other cost of sales / Change in amount ¥-148 million, Factors Personnel expenses / Change in amount ¥-50 million, Factors Advertising expenses / Change in amount ¥125 million, Factors Other SG&A expenses / Change in amount ¥-23 million, Factors Impairment loss on investment securities held in ベルトラ社 / Amount ¥957 million
Key KPIsIndicator name Total visits to major metasearch and booking websites / Value 92.4 Year-on-year (%) / Year on year against the same period last year -7.6 Year-on-year (%), Indicator name Number of development projects released / Value 102 Engagements / Year on year against the same period last year Not disclosed, Indicator name Number of integrated travel websites / Value 1,500 Websites or more / Year on year against the same period last year Not disclosed, Indicator name Number of active artists featured on GALLERY JAPAN / Value 2,000 Approximately 2,000 people / Year on year against the same period last year Not disclosed, Indicator name Number of products listed on KOGEI JAPAN / Value 244 Instrument / Year on year against the same period last year Not disclosed, Indicator name Overall ranking of Travelko among hotel comparison websites / Value 1 rank / Year on year against the same period last year Ranked first overall for 3 consecutive years
Number of employeesNumber of Employees 191 People (consolidated) / Change during the period Not disclosed / Hiring plan Not disclosed
Assumptions Underlying the Business OutlookOnly a qualitative explanation was provided, stating that market volatility caused by macroeconomic factors such as the weak yen is substantial, making accurate forecasting difficult. Numerical assumptions: Not disclosed
Financial targetsThe actual equity ratio of 85.1% is disclosed, but the financial target is Not disclosed
Market Size / ShareThe total number of sessions across 25 major metasearch and booking websites was 695,867,226. Travelko ranked first overall among hotel comparison websites for 3 consecutive years
New initiativesAdding new menus, including cruises, to Travelko, Introducing AI search to Travelko, Providing AI services for businesses, Expanding the rollout of the business travel system to travel agencies, Expanding the development and rollout of an online flight and hotel booking system for travel agencies, Launching an e-commerce marketplace business on KOGEI JAPAN, including cross-border sales
Items this document does not state (14)
Gross Profit MarginProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The market for plans with tour escorts performed well, while the free-plan market, which has a high proportion of web sales, was sluggish. The improvement in operating income was attributed to lower outsourcing costs as the company accelerated the in-house development of products and services. The main reason for the wider net loss was a ¥957 million impairment loss on investment securities held in ベルトラ社.

How to read this page

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Financial Results Presentation Materials for the Fiscal Year Ending March 2026 | Open Door Inc. (3926) timely disclosure | Komori