Overview
Information & Communication

Open Door Inc.

Open Door, Inc. operates 'Travelko,' Japan's leading travel metasearch site that aggregates and compares travel products—including package tours, hotels, and low-cost airfares—from over 1,500 booking sites, encompassing major domestic travel agencies, OTAs, hotels, and airlines. The platform generates revenue through performance-based fees (pay-per-booking/click), fixed monthly system usage fees from listed travel companies, and advertising revenues. Its consolidated subsidiary, Hotel Skip Co., Ltd., operates the hotel booking site 'Hotelia' and the airfare booking site 'Travelia,' and provides travel products to corporate clients.

Market Cap
¥13.4B
US$85.6M
EV
¥10.4B
US$66.1M
Stock¥433▼-3.56%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
281.8
x
LTM EV/EBIT
942.5
x
LTM PER
NM
LTM PBR
4.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-13.9%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 18, 26Activist investor shareholder proposal
2Aug 10, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
13.4BUS$85.6MMarket Cap0.00BUS$0.00M+ Debt2.19BUS$13.9M− Cash0.88BUS$5.59M− Inv. Sec.10.4BUS$66.1MEV
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Performance & Balance
Revenue 5Y (¥B)
1.20US$7.66M'22/32.06US$13.1M'23/32.56US$16.3M'24/32.41US$15.3M'25/32.45US$15.6M'26/3
EBITDA 5Y (¥B)
-0.58-US$3.72M'22/3-0.01-US$0.09M'23/3-0.15-US$0.97M'24/3-0.07-US$0.47M'25/3-0.01-US$0.08M'26/3
Net Income 5Y (¥B)
-0.54-US$3.47M'22/3-0.04-US$0.28M'23/3-0.17-US$1.08M'24/3-0.12-US$0.77M'25/3-1.13-US$7.21M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
4.75US$30.3M'22/35.62US$35.8M'23/34.69US$29.9M'24/33.84US$24.5M'25/33.07US$19.6M'26/3
Shareholders
Top 10 hold 76.3%
1
Daisuke SEKINE
51.56%
2
Kufu Company Holdings Inc.
7.00%
3
The Pass Investment Co., Ltd.
5.61%
4
CHINTAI Corporation
5.15%
5
The Master Trust Bank of Japan, Ltd. (Trust Account)
2.93%
6
Shigeru SATO
2.22%
7
Byeong-chan LEE
0.80%
8
Nomura Securities Co., Ltd. (Standing Proxy: Sumitomo Mitsui Banking Corporation)
0.42%
9
DAICHI WAKABAYASHI (Standing Proxy: Mizuho Securities Co., Ltd.)
0.41%
10
Hajime SASAKI
0.25%
Management
9 officers
Daisuke SEKINE
Representative Director, President
Oct 1994 Joined Matsushita Kotobuki Electronics Industries, Ltd. (currently PHC Corporation) Oct 1996 Joined I.A.S.S. Co., Ltd. Apr 1997 Established the Company; assumed office as Representative Director, President (current)
1968-01-08
Hideaki SUZUKI
Director, General Manager of Administration Division
Dec 2007 Joined Tohmatsu Audit Corporation (currently Deloitte Touche Tohmatsu LLC) Jul 2012 Registered as Certified Public Accountant Jul 2015 Joined the Company; assumed office as General Manager of Accounting and Finance Department Mar 2016 Assumed office as Director, Hotel Skip Co., Ltd. (current) Jun 2017 Assumed office as Director of the Company (current) Jul 2017 Assumed office as General Manager of Administration Division (current)
1983-05-11
Takeshi ABE
Director, General Manager of Craft Division and General Manager of Corporate Planning Office
Apr 1998 Joined Meitetsu Kanko Service Co., Ltd. Jan 2003 Joined Ace Insurance Co., Ltd. (currently Chubb Insurance Japan Ltd.) Jan 2005 Joined the Company Apr 2015 Assumed office as General Manager of the 1st Business Division, Business Division Apr 2017 Assumed office as Executive Officer, Business Division Feb 2024 Assumed office as Director, Hotel Skip Co., Ltd. (current) Jun 2025 Assumed office as Director of the Company (current) Jun 2025 Assumed office as General Manager of Craft Division (current) Jun 2025 Assumed office as General Manager of Corporate Planning Office (current)
1975-12-02
Junko SHIMIZU
Outside Director
Apr 1989 Joined National Securities Co., Ltd. (currently SMBC Nikko Securities Inc.) Oct 2002 Registered as Attorney-at-Law; joined Midori Joint Law Office as Attorney-at-Law (current) Jun 2015 Assumed office as Outside Director of the Company (current)
1965-11-22
Toshiaki IUE
Outside Director
Apr 1993 Joined Sanyo Electric Trading Co., Ltd. Jun 2001 Assumed office as Senior Managing Director, Tottori Sanyo Electric Co., Ltd. Feb 2002 Assumed office as President, Sanyo Haier Co., Ltd. Jun 2004 Assumed office as Executive Officer, Sanyo Electric Co., Ltd. Jun 2004 Assumed office as Representative Director, President, Sanyo Sales & Marketing Co., Ltd. Jun 2006 Assumed office as Representative Director, President, Sanyo TV International Co., Ltd. May 2009 Assumed office as General Manager, PENTAX IS Business Division, HOYA Corporation Oct 2011 Assumed office as Director and Vice President, COO, Pentax Ricoh Imaging Co., Ltd. (currently Ricoh Imaging Company, Ltd.) Sep 2016 Assumed office as Company President, Eye Care Company, HOYA Corporation Dec 2016 Assumed office as Representative Director, President, Shioya Tochi Co., Ltd. (current) Jun 2019 Assumed office as Representative Director, President, URA Co., Ltd. (current) Jun 2022 Assumed office as Outside Director of the Company (current)
1966-07-02
Tsuyoshi TAKADA
Outside Director
Apr 2000 Registered as Attorney-at-Law Apr 2000 Joined Torikai Sogo Law Office May 2007 Assumed office as Outside Audit & Supervisory Board Member, Maruetsu, Inc. (current) Jun 2007 Assumed office as Outside Audit & Supervisory Board Member, TOPRE Corporation Jun 2015 Assumed office as Outside Director, TOPRE Corporation (current) Jan 2016 Assumed office as Representative Partner Attorney-at-Law, Wadakuramon Law Office (current) Mar 2020 Assumed office as Outside Director, IP DREAM Co., Ltd. (current) Mar 2021 Assumed office as Outside Director (Audit and Supervisory Committee Member) and Chair of Nomination and Compensation Committee, Noritsu Koki Co., Ltd. (current) Jun 2022 Assumed office as Outside Director of the Company (current)
1972-07-28
Fusao HAYASHI
Full-time Audit & Supervisory Board Member
Apr 1996 Joined Seibu Unyu Co., Ltd. (currently Seino Super Express Co., Ltd.) Aug 2003 Joined the Company Apr 2015 Assumed office as Section Manager, Accounting and Finance Department of the Company Jun 2019 Assumed office as Full-time Audit & Supervisory Board Member of the Company (current) Nov 2019 Assumed office as Audit & Supervisory Board Member, Hotel Skip Co., Ltd. (current)
1976-02-18
Michiharu MATSUDA
Outside Audit & Supervisory Board Member
Apr 1983 Joined Small Business Finance Corporation (currently Japan Finance Corporation) Apr 1992 Joined Aoyama Audit Corporation Apr 1997 Registered as Certified Public Accountant Jan 1998 Joined Tohmatsu Audit Corporation (currently Deloitte Touche Tohmatsu LLC) Jun 2006 Assumed office as Partner, Tohmatsu Audit Corporation Sep 2017 Opened Matsuda CPA Office (current) Nov 2017 Assumed office as Outside Director, MANI, Inc. Nov 2018 Assumed office as Outside Director (Audit and Supervisory Committee Member), Saizeriya Co., Ltd. (current) Jun 2019 Assumed office as Outside Audit & Supervisory Board Member of the Company (current)
1961-02-14
Kohei MIYAMOTO
Outside Audit & Supervisory Board Member
Apr 2007 Joined ORIX Corporation Feb 2012 Joined Tohmatsu LLC Nov 2013 Registered as Certified Public Accountant Jan 2019 Assumed office as Representative, Miyamoto CPA Office (current) Nov 2021 Assumed office as Outside Director, Nogyo Sogo Kenkyusho Co., Ltd. (current) Jun 2023 Assumed office as Outside Audit & Supervisory Board Member of the Company (current)
1984-09-20
Large Shareholding Reports
Kufu Company Holdings Co., Ltd.
2026-09-25
9.35%→10.36%
Annual report (as of 2026-03-31): 7.00%
Kufu Company Holdings Co., Ltd.
2026-08-13
8.33%→9.35%
Annual report (as of 2026-03-31): 7.00%
Kufu Company Holdings Co., Ltd.
2026-07-13
7.33%→8.33%
Annual report (as of 2026-03-31): 7.00%
Kufu Company Holdings Co., Ltd.
2026-04-22
6.22%→7.33%
Annual report (as of 2026-03-31): 7.00%
Kufu Company Holdings Co., Ltd.
2026-02-24
5.02%→6.22%
Annual report (as of 2026-03-31): 7.00%
Kufu Company Holdings Co., Ltd.
2025-10-14
5.02%
Annual report (as of 2026-03-31): 7.00%
Daisuke SEKINE
2025-08-06
51.15%→51.15%
Annual report (as of 2026-03-31): 51.56%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-25
Large Shareholding Report
EDINET
2026-08-13
Large Shareholding Report
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-13
Large Shareholding Report
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-02
株主総会招集通知
EDINET
2026-04-22
Large Shareholding Report
EDINET
2026-02-24
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-14
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-08-06
Large Shareholding Report
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-03
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-04
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-04
Quarterly Securities Report
EDINET
2021-11-05
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-24
Annual Securities Report
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