Money Forward Management

Management criteria checks 2/4

Money Forward's CEO ist Yosuke Tsuji , ernannt in Nov 2012, hat eine Amtszeit von 11.08 Jahren. besitzt direkt 16.76% der Aktien des Unternehmens, im Wert von ¥36.08B . Die durchschnittliche Betriebszugehörigkeit des Managementteams und des Verwaltungsrats beträgt 4.1 Jahre bzw. 5.8 Jahre.

Key information

Yosuke Tsuji

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	11.4yrs
CEO ownership	16.7%
Management average tenure	6.3yrs
Board average tenure	5.7yrs

Recent management updates

Recent updates

Is Money Forward (TSE:3994) Using Debt In A Risky Way?

Mar 29

CEO

Yosuke Tsuji (47 yo)

11.4yrs

Tenure

Mr. Yosuke Tsuji has been President, Chief Executive Officer at Representative Director at Money Forward, Inc. since November 2012. Mr. Tsuji is an insider at Money Forward, Inc.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Yosuke Tsuji	President	11.4yrs	no data	16.71% ¥ 55.0b
Naoya Kanesaka	Group Executive Officer	8.8yrs	no data	0.21% ¥ 685.0m
Tomoyuki Kinoshita	COO of Money Forward Kessai	no data	no data	no data
Shun Matsuoka	Group Executive Officer & Accounting Department Manager	no data	no data	no data
Takuya Nakade	Group Executive Officer	7.3yrs	no data	0.075% ¥ 246.2m
Marie Oshioka	Head of IR - Corporate Planning Department	no data	no data	no data
Hirokazu Ban	Group Executive Officer & Chief Compliance Officer	no data	no data	no data
Masakazu Sekita	Group Executive Officer & Chief Legal Officer	2.3yrs	no data	no data
Toshio Taki	Group Executive Officer	no data	no data	no data
Yumiko Nagao	Executive Officer & Head of Corporate Development	no data	no data	no data
Chiaki Ishihara	Group Executive Officer	1.3yrs	no data	no data
Masanobu Takeda	Group Executive Officer & Director	5.2yrs	no data	0.035% ¥ 114.4m

6.3yrs

Average Tenure

47yo

Average Age

Erfahrenes Management: Das Managementteam von 3994 ist erfahren und erfahren (durchschnittliche Amtszeit: 6.2 Jahre).

Board Members

Name	Position	Tenure	Compensation	Ownership
Yosuke Tsuji	President	11.4yrs	no data	16.71% ¥ 55.0b
Naoya Kanesaka	Group Executive Officer	7.2yrs	no data	0.21% ¥ 685.0m
Takuya Nakade	Group Executive Officer	6.2yrs	no data	0.075% ¥ 246.2m
Masanobu Takeda	Group Executive Officer & Director	5.2yrs	no data	0.035% ¥ 114.4m
Masaaki Tanaka	Independent Outside Director	6.2yrs	no data	0.019% ¥ 61.0m
Gen Miyazawa	Independent Outside Director	2.2yrs	no data	0.0023% ¥ 7.6m
Masami Hatakeyama	Outside Audit & Supervisory Board Member	1.2yrs	no data	no data
Yukino Kikuma	Independent Outside Director	less than a year	no data	no data
Akira Kurabayashi	Independent Outside Director	6.2yrs	no data	0.31% ¥ 1.0b
Hidetoshi Uriu	Outside Audit & Supervisory Board Member	6.2yrs	no data	no data
Hiroaki Yasutake	Independent Outside Director	2.2yrs	no data	0.0010% ¥ 3.4m
Ryu Suliawan	Independent Outside Director	less than a year	no data	no data

5.7yrs

Average Tenure

47.5yo

Average Age

Erfahrener Vorstand: 3994Die Vorstandsmitglieder gelten als erfahren (5.8 Jahre durchschnittliche Amtszeit).

Money Forward Management

Management criteria checks 2/4

Key information

Recent management updates

High number of new directors

Money Forward, Inc., Annual General Meeting, Feb 28, 2024

Money Forward, Inc. Announces Etsuko Okajima to Resign as External Director

Money Forward, Inc., Annual General Meeting, Feb 22, 2023

Money Forward, Inc. Announces Change in Management Structure

Money Forward, Inc., Annual General Meeting, Feb 26, 2021

Recent updates

Money Forward, Inc. (TSE:3994) agreed to acquire 20.3% stake in Caster Co.Ltd. (TSE:9331) from various investor for ¥470 million.

Is Money Forward (TSE:3994) Using Debt In A Risky Way?

High number of new directors

Consensus estimates of losses per share improve by 13%

Price target increased by 7.4% to JP¥6,700

Forecast to breakeven in 2025

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Money Forward, Inc., Annual General Meeting, Feb 28, 2024

Money Forward, Inc. Announces Etsuko Okajima to Resign as External Director

Money Forward, Inc. to Report Q3, 2024 Results on Oct 11, 2024

Money Forward, Inc. to Report Fiscal Year 2023 Results on Jan 12, 2024

New major risk - Share price stability

Money Forward, Inc. Announces Consolidated Earnings Forecast for the Fourth Quarter Ending November 30, 2023

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Forecast to breakeven in 2025

Money Forward, Inc. Revises Consolidated Earnings Guidance for the Year Ending November 30, 2023

Now 20% undervalued

Second quarter 2023 earnings released: JP¥31.06 loss per share (vs JP¥41.49 loss in 2Q 2022)

New major risk - Revenue and earnings growth

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Now 22% undervalued

Now 21% undervalued

Consensus EPS estimates fall by 11%

Forecast to breakeven in 2025

Money Forward, Inc. Provides Earnings Guidance for the First Quarter Ending February 28, 2023 and Fiscal Year 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Money Forward, Inc., Annual General Meeting, Feb 22, 2023

Forecast to breakeven in 2025

Money Forward, Inc. Announces Change in Management Structure

Money Forward, Inc. to Report Q3, 2023 Results on Oct 13, 2023

Money Forward, Inc. to Report Fiscal Year 2022 Results on Jan 16, 2023

Consensus forecasts updated

Third quarter 2022 earnings released: JP¥64.46 loss per share (vs JP¥15.90 loss in 3Q 2021)

Money Forward, Inc. Revises Earnings Forecast for the Nine Months Ended August 31, 2022

Price target decreased to JP¥5,148

No longer forecast to breakeven

Money Forward, Inc. Provides Consolidated Earnings Guidance for the Three Months Ending August 31, 2022 and Full Year Ending November 30, 2022

Second quarter 2022 earnings released: JP¥41.49 loss per share (vs JP¥0.92 loss in 2Q 2021)

Consensus forecasts updated

Price target decreased to JP¥5,609

Now 23% undervalued after recent price drop

Now 22% undervalued after recent price drop

Consensus forecasts updated

Consensus forecasts updated

Money Forward, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending May 31, 2022 and Full Year Ending November 30, 2022

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Money Forward, Inc. (TSE:3994) agreed to acquire Nexsol CO., LTD from Michiteru Kokatsu.

Money Forward, Inc. (TSE:3994) agreed to acquire Nexsol CO., LTD from Michiteru Kokatsu.

Consensus forecasts updated

Money Forward, Inc. Revises Consolidated Earnings Guidance for the Three Months Ended February 28, 2022

Consensus forecasts updated

Price target decreased to JP¥6,514

Forecast breakeven date pushed back to 2024

Consensus forecasts updated

Price target decreased to JP¥7,360

Full year 2021 earnings: EPS exceeds analyst expectations

Forecast breakeven date pushed back to 2023

Consensus forecasts updated

Money Forward, Inc. (TSE:3994) agreed to acquire HiTTO,Inc. for ¥2 billion.

Third quarter 2021 earnings released: JP¥15.90 loss per share (vs JP¥6.10 loss in 3Q 2020)

Price target increased to JP¥6,923

Second quarter 2021 earnings released: JP¥0.92 loss per share (vs JP¥13.20 loss in 2Q 2020)

Price target increased to JP¥6,923

Consensus EPS estimates increase to -JP¥15.10

Price target increased to JP¥6,850

Price target increased to JP¥5,838

Money Forward, Inc. Provides Earnings Guidance for the Year Ending November 30, 2021

First quarter 2021 earnings released: EPS JP¥1.34 (vs JP¥14.59 loss in 1Q 2020)

Full year 2020 earnings released: JP¥104 loss per share (vs JP¥58.95 loss in FY 2019)