Open Door Inc.
3926・Standard Market・Information & Communication
Travel-Related Business (Open Door Inc., single segment)
Single segment for the travel-related business centered on the travel comparison site "Travelko"
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (Full year: FY2026 (ending March 2026)) | ¥2,453 million | ¥2,405 million (FY2025 (ended March 2025)) | ↑ |
| Operating loss (Full year: FY2026 (ending March 2026)) | -¥45 million | -¥102 million (FY2025 (ended March 2025)) | ↑ |
| Ordinary loss (Full year: FY2026 (ending March 2026)) | -¥34 million | -¥101 million (FY2025 (ended March 2025)) | ↑ |
| Net loss attributable to owners of parent (Full year: FY2026 (ending March 2026)) | -¥1,131 million | -¥120 million (FY2025 (ended March 2025)) | ↓ |
| Gross profit (Full year: FY2026 (ending March 2026)) | ¥1,544 million | ¥1,436 million (FY2025 (ended March 2025)) | ↑ |
| Total assets (End of FY2026 (ending March 2026)) | ¥4,065 million | ¥4,802 million (End of FY2025 (ended March 2025)) | ↓ |
| Cash and cash equivalents (End of FY2026 (ending March 2026)) | ¥2,136 million | ¥2,207 million (End of FY2025 (ended March 2025)) | ↓ |
| Equity ratio (End of FY2026 (ending March 2026)) | 85.1% | 90.1% (End of FY2025 (ended March 2025)) | ↓ |
| Net assets per share (End of FY2026 (ending March 2026)) | ¥111.51 | ¥139.53 (End of FY2025 (ended March 2025)) | ↓ |
Business Details
Comprises Open Door Inc. and its consolidated subsidiaries. Centered on the travel comparison site "Travelko," the company provides a metasearch service that allows users to search and compare package tours, hotels, and discount airfare tickets sold by 1,500 or more booking sites in a single online search. Revenue is composed of three types: usage-based fees (performance-based), fixed fees (monthly flat rate), and advertising revenue. Subsidiaries operate the hotel booking site "Hoteria" and the airfare booking site "Traveria." Revenue and operating income are treated as key management indicators.
Recent Overview
Revenue and operating loss improved, but the recording of ¥1,030 million in extraordinary losses caused net loss to widen significantly
For the full year of FY2026 (ending March 2026), revenue was ¥2,453 million (up 2.0% year on year), and operating loss was ¥45 million (an improvement from a loss of ¥102 million in the prior year), indicating a recovery trend in the core business. However, due to the recording of a valuation loss on investment securities of ¥957 million and an impairment loss of ¥72 million, totaling ¥1,030 million in extraordinary losses, net loss attributable to owners of parent expanded significantly to ¥1,131 million from ¥120 million in the prior year. Fixed assets decreased by ¥725 million to ¥1,316 million, mainly due to a decrease in investment securities. The earnings forecast for FY2027 (ending March 2027) remains undetermined due to uncertainty. The company aims to improve profitability by promoting AI-driven system development and operational efficiency.
Key Products
Growth Drivers
- Steady demand for escorted package tours (in the overseas leisure travel market)
- Expansion of organic traffic through promotion of SEO and AIO (AI search optimization)
- Service enhancement through implementation of AI search functionality and introduction of new offerings such as cruises
- Capturing overseas users through multilingual expansion, including inbound-related initiatives
- Expanded adoption of online booking systems and business travel management systems for travel agencies
- Company-wide improvement in operational efficiency and cost reduction through AI-driven system development
Risks
- Stagnant demand for Japanese leisure travel due to persistently high travel costs stemming from yen depreciation and rising fuel prices
- Rising prices of travel products due to inbound demand, negatively affecting the domestic travel market
- Valuation fluctuation risk on investment securities (a valuation loss of ¥957 million was recorded in FY2026 (ending March 2026))
- Risk of declining competitiveness due to delayed response to technological innovations such as generative AI
- Revenue dependence on LINE Yahoo Corporation (a major business partner accounting for a certain proportion of revenue)
- Uncertainty over the outlook due to the undetermined earnings forecast for FY2027 (ending March 2027) (large potential swings from macro factors)
- Continued negative operating cash flow (FY2026 (ending March 2026): -¥11 million)
Last updated: June 25, 2026