June 2026
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Largest Cybersecurity Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Trend Micro, Baudroie, Digital Arts, Global Security Experts and FFRI Security.
 | Trend Micro Inc provides antivirus and other security products that protect the flow of information on PCs, file servers, e-mail servers, and the Internet gateway. The company operates through four geographic segments: Japan, North America, Europe, and Asia-Pacific. | $37 | -41% | $5B | $3B | 1.9x | 6.1x | ||
| Baudroie Inc is a professional operator specializing in IT infrastructure services for businesses. It caters to the needs of clients with optimal IT solutions in the network, server, security, and cloud areas. The company focuses on providing services in high-technology areas, such as cloud adoption support and network virtualization. Tailored to clients’ needs and issues, Baudroie also offers design, construction, operation, and maintenance services for customized IT infrastructure. | $15 | -23% | $477M | $465M | 4.2x | 20.2x | ||
| Digital Arts Inc develops Internet filtering software for business, private, and educational use. Its products protect users and networks from harmful Internet content and prevent inappropriate usage. Its software products are supplied to the corporate, public-sector (government ministries and agencies and schools), and consumer markets. | $22 | -53% | $298M | $152M | 2.4x | 4.4x | ||
| Global Security Experts Inc operates a cybersecurity business that provides one-stop support for cybersecurity measures for second-tier, mid-tier, and small- to medium-sized companies, a security education business that provides security education for personnel at IT companies and SIers, and a security human resources business that provides security human resources SES. | $19 | -9% | $279M | $279M | 5.1x | 27.3x | ||
| FFRI Security Inc is engaged in providing computer security research, consulting, information provision, education, network system research, computer software and computer program planning, development, sales, leasing, maintenance, management, operation, and the acquisition, transfer, lending, and management of related property right such as copyrights, patent rights, utility model rights, trademark rights, and design rights. | $29 | -26% | $232M | $211M | 11.1x | 36.5x | ||
| Hennge KK is engaged in providing cloud security services. | $7 | -43% | $204M | $167M | 2.4x | 13.8x | ||
| Cyber Security Cloud Inc is a Japanese based cyber security company. It is engaged in the development and provision of cyber security services utilizing AI technology. | $11 | -1% | $112M | $91M | 2.7x | 11.5x | ||
| Elements Inc is engaged in the development and provision of personal authentication solutions such as LIQUID eKYC, an online identity verification service, that utilizes biometrics, image analysis and machine learning technologies, as well as personal optimization solutions for clothing, food and shelter. | $3 | -46% | $94M | $92M | 3.8x | (24.2x) | ||
| Asgent Inc is engaged in providing packaged software solutions. The services offered by the company include managed security service, website protection service, ISO consulting, privacy mark consulting, business continuity management consulting, and PCI data security standard consulting. | $2 | -- | $8M | $6M | 0.3x | (2.9x) | ||
| Median | $15 | -34% | $232M | $167M | 2.7x | 11.5x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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