What drove the pre-market move in 3861.T stock today?

The pre-market decline followed Oji’s Q3 results released on 06 Feb 2026 and guidance commentary. Price fell to **JPY 913.50** on higher volume as investors reassessed margins and near-term cash flow for 3861.T stock.

How does Oji’s valuation compare to peers for 3861.T stock?

Oji’s trailing P/E is **27.67**, above the basic materials sector average of **17.56**, while price-to-book is **0.84**, indicating the market values its book assets more conservatively than earnings multiples for 3861.T stock.

What are the key risks for 3861.T stock after the earnings update?

Key risks include high net debt to EBITDA (**5.97**), low operating margin (**2.56%**), and reported zero operating free cash flow per share in the dataset. Those factors increase sensitivity to weaker demand for 3861.T stock.

What price targets should investors watch for 3861.T stock?

Meyka AI’s model gives a monthly target of **JPY 921.25** and a quarterly target of **JPY 1,024.82**. Conservative and bullish analyst ranges to watch are **JPY 750.00–1,025.00** for 3861.T stock, depending on margin trends.

JP Stocks

Q3 earnings miss: 3861.T Oji Holdings (JPX) Pre-Market 07 Feb 2026 at JPY 913.50, watch margin recovery

ByHuzaifa Zahoor February 6, 2026February 6, 2026

Oji Holdings (3861.T) trades pre-market at JPY 913.50, down -3.60% after Q3 results released on 06 Feb 2026 pushed volume to 9,367,200 shares. The market reaction followed mixed profit metrics and conservative near-term guidance that weakens margin visibility. This earnings spotlight examines valuation, cash flow signals, and what analysts should watch next for the 3861.T stock.