GMO GlobalSign Holdings K.K. (JP:3788)
:3788
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GMO GlobalSign Holdings K.K.
(3788)
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Rating:60Neutral
Price Target:
¥2,003.00
▼(-14.95% Downside)
Action:Downgraded
Date:02/18/26
The score is supported primarily by steady financial performance and a reasonable balance sheet, but is pulled down by weak technical conditions (below major moving averages and negative momentum). Valuation is mixed, with a moderate-to-elevated P/E partly offset by a supportive dividend yield.
Positive Factors
Subscription-based PKI revenue model
A subscription and usage billing model creates recurring revenue and high customer retention potential for digital certificates and managed PKI. That built-in renewals dynamic and enterprise-managed services increase revenue predictability and support durable cashflows across cycles.
Negative Factors
Moderate operating and net margins
Relatively low operating and net margins versus gross margins indicate high operating and SG&A cost intensity. This limits earnings leverage from revenue growth, reduces the cushion against pricing pressure or higher R&D/sales spend, and constrains the pace of margin expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Subscription-based PKI revenue model
A subscription and usage billing model creates recurring revenue and high customer retention potential for digital certificates and managed PKI. That built-in renewals dynamic and enterprise-managed services increase revenue predictability and support durable cashflows across cycles.
Read all positive factors
GMO GlobalSign Holdings K.K. (3788) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥21.98B
Dividend Yield1.5%
Average Volume (3M)14.69K
Price to Earnings (P/E)19.3
Beta (1Y)0.97
Revenue Growth10.19%
EPS Growth59.61%
CountryJP
Employees993
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)66.19
Shares Outstanding11,693,000
10 Day Avg. Volume15,870
30 Day Avg. Volume14,693
Financial Highlights & Ratios
PEG Ratio1.49
Price to Book (P/B)2.62
Price to Sales (P/S)1.31
P/FCF Ratio10.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)85
Revenue Forecast (FY)¥22.22B
GMO GlobalSign Holdings K.K. Business Overview & Revenue Model
Company Description
GMO GlobalSign Holdings K.K. engages in the development and operation of hosting services, security services, and various other Internet solutions in Japan and internationally. The company was formerly known as GMO Cloud K.K. and changed its name ...
How the Company Makes Money
The company primarily makes money by selling subscription-based and usage-based PKI products and services. Key revenue streams include (1) issuance and renewal fees for digital certificates (e.g., SSL/TLS certificates for securing websites and ena...
GMO GlobalSign Holdings K.K. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.54B | 20.67B | 19.17B | 17.50B | 15.96B | 14.05B |
| Gross Profit | 11.58B | 12.20B | 11.54B | 10.94B | 9.68B | 8.44B |
| EBITDA | 2.63B | 3.19B | 2.86B | 2.59B | 2.31B | 1.73B |
| Net Income | 760.55M | 1.01B | 854.56M | 739.69M | 846.76M | 483.62M |
Balance Sheet | ||||||
| Total Assets | 17.83B | 18.96B | 18.03B | 15.69B | 14.57B | 11.51B |
| Cash, Cash Equivalents and Short-Term Investments | 8.49B | 8.94B | 8.46B | 6.66B | 6.68B | 5.04B |
| Total Debt | 3.17B | 2.70B | 3.02B | 2.01B | 1.96B | 693.48M |
| Total Liabilities | 8.55B | 8.61B | 8.54B | 7.03B | 6.62B | 4.36B |
| Stockholders Equity | 9.25B | 10.33B | 9.46B | 8.64B | 7.93B | 7.13B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.68B | 1.23B | 267.18M | 293.69M | 327.16M |
| Operating Cash Flow | 0.00 | 2.84B | 2.81B | 2.20B | 1.68B | 1.56B |
| Investing Cash Flow | 0.00 | -1.58B | -1.60B | -1.80B | -1.14B | -1.19B |
| Financing Cash Flow | 0.00 | -822.52M | 280.79M | -645.92M | 763.68M | -822.04M |
GMO GlobalSign Holdings K.K. Technical Analysis
Neutral
2355.00
Price Trends
1964.06
Negative
2070.44
Negative
2137.48
Negative
Market Momentum
-20.43
Negative
49.31
Neutral
56.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3788, the sentiment is Neutral. The current price of 2355 is above the 20-day moving average (MA) of 1923.45, above the 50-day MA of 1964.06, and above the 200-day MA of 2137.48, indicating a neutral trend. The MACD of -20.43 indicates Negative momentum. The RSI at 49.31 is Neutral, neither overbought nor oversold. The STOCH value of 56.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3788.
GMO GlobalSign Holdings K.K. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥18.63B | 18.62 | ― | 0.90% | 12.34% | 2.41% | |
69 Neutral | ¥18.88B | 26.56 | ― | 2.13% | -5.40% | -37.51% | |
65 Neutral | ¥30.38B | 8.45 | 10.34% | 4.82% | -2.76% | 36.33% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥21.98B | 19.29 | ― | 1.50% | 10.19% | 59.61% | |
54 Neutral | ¥5.75B | 21.39 | ― | 1.04% | 5.01% | 38.17% | |
50 Neutral | ¥1.39B | -2.43 | ― | ― | 5.47% | -81745.63% |
* Technology Sector Average
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GMO GlobalSign Holdings K.K. Corporate Events
GMO GlobalSign Adds AI Subsidiary as It Reports FY2026 Q1 Results
May 14, 2026
GMO GlobalSign Holdings reported its financial results for the first quarter of FY2026 and highlighted the performance of its core digital certificate and trust-related products, including SSL, client authentication, GMO Trust Login, GMO Sign and ...
GMO GlobalSign profit surges in Q1 as revenue grows, guidance and dividend outlook held firm
May 14, 2026
GMO GlobalSign Holdings reported consolidated net sales of ¥5,566 million for the quarter ended March 31, 2026, up 13.4% year on year, with operating profit surging 50.8% to ¥430 million and profit attributable to owners of parent jumpin...
GMO GlobalSign to Acquire AI Integration Platform Developer StrategIT
Apr 20, 2026
GMO GlobalSign Holdings will acquire Tokyo-based StrategIT Co., Ltd., developer of the JOINT multi-connection data integration platform that links generative AI, SaaS and on-premise systems, converting it into a consolidated subsidiary. By integra...
GMO GlobalSign Details Governance Ties With GMO Internet Group
Apr 2, 2026
GMO GlobalSign Holdings has disclosed details of its relationship with parent company GMO Internet Group, which holds 52% of its voting rights and is listed on the Tokyo Stock Exchange Prime Market. The company emphasizes that it manages operation...
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.