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Globalway, Inc. (3936) AI Stock Analysis

JP:3936

Globalway, Inc.

(TSE/TYO:3936)

Select Model
Rating:66.3Neutral
Price Target:JPY 137.00â–²(7.87% Upside)
Action:reiterated
Date:08/19/26

The score is primarily driven by improving financial performance—2026 shows a strong turnaround to profitability and positive free cash flow with low balance-sheet leverage—but is tempered by recent multi-year volatility (losses and cash burn in 2023–2025). Technically, the stock is modestly above key moving averages with neutral momentum, while valuation (P/E 24.183) does not appear especially discounted and there is no dividend yield data to support the valuation case.

Positive Factors
Revenue and Profit TurnaroundRevenue growth and a return to EBIT and net profit in 2026 indicate improved operating execution after prior losses. If maintained, the larger sales base and expanded gross profit can support reinvestment and make earnings power more durable over the next several quarters.
Negative Factors
Earnings VolatilityThe latest profit recovery is not yet proven durable because the company recorded sizable losses in 2023–2025, including as recently as 2025. Such earnings volatility makes forecasting harder, can weaken confidence in normalized profitability, and raises the risk that 2026 results are not a stable base.

Globalway, Inc. (3936) vs. iShares MSCI Japan ETF (EWJ)

-40%-20%0%20%40%60%JP:3936-18.06%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 4.64B
Dividend Yield
―
Average Volume (3M)
489.55K
Price to Earnings (P/E)
16.6
Beta (1Y)
0.44
Revenue Growth
25.65%
EPS Growth
―
Country
Japan
Employees
153
Sector
General
Sector Strength
55
Industry
Software - Application

Globalway, Inc. Business Overview & Revenue Model

Company Description

Globalway, Inc., established in Tokyo in 2004, is a diversified Japanese company engaged in IT solutions, digital media, recruitment services, and innovative sharing economy platforms. The IT division delivers comprehensive consulting and platform de...

Globalway, Inc. Financial Statement Overview

Summary

Financials show a meaningful 2026 turnaround with revenue up to 4.01B, a return to profitability (EBIT 307.1M; net income 192.9M), and a strong swing to positive operating cash flow (301.4M) and free cash flow (289.1M). Balance sheet leverage is conservative with debt reduced to 120.0M and equity rising to 929.8M. The main constraint on the score is the lack of consistency—large losses and cash burn persisted through 2023–2025, making durability of the recovery the key risk.

Income Statement

63Positive

Balance Sheet

78Positive

Cash Flow

67Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue4.14B4.01B3.07B2.46B1.75B1.82B
Gross Profit2.47B2.39B1.57B1.24B782.15M1.09B
EBITDA390.18M307.34M-261.14M-371.06M-449.28M141.70M
Net Income280.47M192.87M-320.05M-199.14M-218.94M419.21M
Balance Sheet
Total Assets2.40B2.17B1.77B1.95B1.71B1.75B
Cash, Cash Equivalents and Short-Term Investments1.25B744.71M664.00M917.49M946.95M1.31B
Total Debt120.00M120.00M241.64M51.10M63.31M89.99M
Total Liabilities635.37M677.08M596.62M467.10M378.65M484.60M
Stockholders Equity1.19B929.76M716.89M1.04B1.12B1.15B
Cash Flow
Free Cash Flow0289.15M-542.98M-520.88M-688.49M274.52M
Operating Cash Flow0301.39M-542.78M-505.91M-635.78M280.70M
Investing Cash Flow0-123.59M23.80M553.08M292.10M351.72M
Financing Cash Flow0-95.24M191.43M-11.32M-26.64M457.15M

Globalway, Inc. Technical Analysis

Technical Analysis SentimentNegative
Last Price127.00

Price Trends

50DMA137.14Negative
100DMA148.51Negative
200DMA148.84Negative

Market Momentum

MACD-2.20Negative
RSI40.91Neutral
STOCH20.37Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3936, the sentiment is Negative. The current price of 127.00 is below the 20-day moving average (MA) of 130.00, below the 50-day MA of 137.14, and below the 200-day MA of 148.84, indicating a bearish trend. The MACD of -2.20 indicates Negative momentum. The RSI at 40.91 is Neutral, neither overbought nor oversold. The STOCH value of 20.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3936.

Globalway, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:3936 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:4060JP:406072OutperformJPY 6.63B24.56―0.79%37.13%-7.58%
JP:4448JP:444872OutperformJPY 14.50B19.86――14.06%―
JP:3936JP:393666NeutralJPY 4.82B16.60――25.65%―
JP:5033JP:503366NeutralJPY 7.96B47.99――7.04%-67.36%
JP:4397JP:439761NeutralJPY 6.01B16.11――23.50%2.72%
JP:4484JP:448458NeutralJPY 4.48B45.92―0.72%20.67%-37.51%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-25%0%25%50%JP:3936JP:4060JP:4397JP:4448JP:4484JP:5033Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:3936 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3936Globalway, Inc.127.00-28.00-18.06%
JP:4060rakumo Inc.1136.0030.042.72%
JP:4397TeamSpirit, Inc.364.00-143.00-28.21%
JP:4448Chatwork Co.Ltd.340.00-53.00-13.49%
JP:4484Lancers, Inc.276.00-13.09-4.53%
JP:5033Nulab Inc.1228.00465.0060.94%
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.

Date of analysis: Aug 19, 2026