Annonce • Apr 07
Money Forward, Inc. to Report Q1, 2026 Results on Apr 14, 2026 Money Forward, Inc. announced that they will report Q1, 2026 results on Apr 14, 2026 Annonce • Jan 29
Money Forward, Inc. Revises Full-Year Consolidated Financial Forecasts for the Fiscal Year Ending November 2026 Money Forward, Inc. revised its full-year consolidated financial forecasts for the fiscal year ending November 2026 (December 1, 2025 November 30, 2026), originally announced on January 14, 2026. This revision is due to the recording of extraordinary income in the first quarter of the fiscal year ending November 2026, as described in the "Notice Regarding Expected Recording of Extraordinary Income (Gain on Sale of Investment Securities)" announced on January 27, 2026. Reason for the Revision The Company is revising its full-year financial forecasts because profit attributable to owners of parent is expected to exceed the previous forecast due to the recording of extraordinary income (gain on sale of investment securities). For the year, company expected net sales to be JPY 53,400 million to JPY 57,550 million. Operating profit to be between a loss of JPY 2,500 million to a profit of JPY 500 million. Loss attributable to owners of parent to be between JPY 3,700 million to JPY 700 million. Loss per share to be JPY 66.59 to JPY 12.60 as compared to previous guidance of net sales to be JPY 53,400 million to JPY 57,550 million. Operating profit to be between a loss of JPY 2,500 million to a profit of JPY 500 million. Loss attributable to owners of parent to be between JPY 5,200 million to JPY 2,200 million. Loss per share to be JPY 93.58 to JPY 39.59. Annonce • Jan 27
Money Forward, Inc. Announces Retirement of Directors, Effective in February 2026 Money Forward, Inc. announced that Masaaki Tanaka and Akira Kurabayashi will retire upon the conclusion of the 14th Annual General Meeting of Shareholders to be held in February 2026 due to the expiration of their terms of office. Annonce • Nov 28
Money Forward, Inc. Announces Board Retirements Money Forward, Inc. announced that Masaaki Tanaka, Akira Kurabayashi, and Hiroaki Yasutake will retire upon the conclusion of the 14th Annual General Meeting of Shareholders due to the expiration of their terms of office. To ensure the independence of External Directors, the Company has established a guideline limiting the cumulative term of Independent External Directors to 6 terms (6 years) as a general rule, while not precluding re-election for up to a maximum of 8 terms (8 years) (the "Cumulative Term Rule"). Furthermore, if a director is 72 years of age at the conclusion of an Annual General Meeting of Shareholders, they shall retire at the conclusion of said meeting (the "Age Limit Rule"). Masaaki Tanaka exceeds the Cumulative Term Rule and is subject to the Age Limit Rule, and Akira Kurabayashi exceeds the Cumulative Term Rule; therefore, they will retire. Annonce • Apr 15
Money Forward, Inc. (TSE:3994) agreed to acquire remaining stake in Biz Forward, Inc. from MUFG Bank, Ltd. and Mitsubishi UFJ Factors Limited. Money Forward, Inc. (TSE:3994) agreed to acquire remaining stake in Biz Forward, Inc. from MUFG Bank, Ltd. and Mitsubishi UFJ Factors Limited on April 14, 2025. Annonce • Apr 03
Money Forward, Inc. to Report Fiscal Year 2025 Results on Jan 14, 2026 Money Forward, Inc. announced that they will report fiscal year 2025 results on Jan 14, 2026 Annonce • Apr 01
Sony Life Insurance Co., Ltd. and Sumitomo Mitsui Card Co., Ltd. completed the acquisition of 90% stake in Nexsol CO., LTD from Money Forward, Inc. (TSE:3994). Sony Life Insurance Co., Ltd. and Sumitomo Mitsui Card Co., Ltd. agreed to acquire 90% stake in Nexsol CO., LTD from Money Forward, Inc. (TSE:3994) on February 27, 2025.
Sony Life Insurance Co., Ltd. and Sumitomo Mitsui Card Co., Ltd. completed the acquisition of 90% stake in Nexsol CO., LTD from Money Forward, Inc. (TSE:3994) on March 31, 2025. Annonce • Mar 31
Money Forward, Inc. Revises Earnings Guidance for the Fiscal Year Ending November 30, 2025 Money Forward, Inc. revised earnings guidance for the fiscal year ending November 30, 2025. For the year, the company expects net sales to be in the range of JPY 49,500 million to JPY 52,100 million against previous guidance range of JPY 50,000 million to JPY 52,600 million. Operating loss to be in the range of JPY 4,700 million to JPY 2,300 million against previous guidance range of JPY 4,700 million to JPY 2,300 million. Loss attributable to owners of parent to be in the range of JPY 6,800 million to JPY 4,400 million against previous guidance range of JPY 6,800 million to JPY 4,400 million. Net loss per share to be in the range of JPY 123.86 to JPY 80.15 against previous guidance range of JPY 123.86 to JPY 80.15. After the Share Transfer, Nexsol Co. Ltd. will be excluded from the Company's scope of consolidation. Accompanying the Share Transfer, a revision will be made to the net sales forecast for the fiscal year 2025 (from December 1, 2024, to November 30, 2025). Annonce • Feb 16
Money Forward, Inc. to Report Q3, 2025 Results on Oct 15, 2025 Money Forward, Inc. announced that they will report Q3, 2025 results on Oct 15, 2025 Annonce • Jan 14
Money Forward, Inc., Annual General Meeting, Feb 25, 2025 Money Forward, Inc., Annual General Meeting, Feb 25, 2025. Annonce • Nov 27
Yozo Ueda to Resign as External Audit & Supervisory Board Member of Money Forward, Inc Money Forward, Inc. announced audit & supervisory board member to resign: Yozo Ueda; Current Position: External Audit & Supervisory Board member. Annonce • Nov 01
Money Forward, Inc. to Report Fiscal Year 2024 Results on Jan 14, 2025 Money Forward, Inc. announced that they will report fiscal year 2024 results on Jan 14, 2025 Reported Earnings • Oct 17
Third quarter 2024 earnings released: JP¥20.45 loss per share (vs JP¥28.73 loss in 3Q 2023) Third quarter 2024 results: JP¥20.45 loss per share (improved from JP¥28.73 loss in 3Q 2023). Revenue: JP¥9.81b (up 31% from 3Q 2023). Net loss: JP¥1.11b (loss narrowed 28% from 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Annonce • Oct 15
Money Forward, Inc. Provides Consolidated Earnings Forecast for the Fiscal Year Ending November 30, 2024 Money Forward, Inc. provided consolidated earnings forecast for the Fiscal Year Ending November 30, 2024. For the period, the company expects net sales between JPY 39,500 million to JPY 42,000 million. Operating loss of JPY 3,898 million to JPY 1,898 million. Loss attributable to owners of parent of JPY 4,725 million to JPY 2,725 million. Loss per share of JPY 86.92 to JPY 50.13. Reported Earnings • Jul 15
Second quarter 2024 earnings released: JP¥23.51 loss per share (vs JP¥31.06 loss in 2Q 2023) Second quarter 2024 results: JP¥23.51 loss per share (improved from JP¥31.06 loss in 2Q 2023). Revenue: JP¥10.3b (up 41% from 2Q 2023). Net loss: JP¥1.28b (loss narrowed 24% from 2Q 2023). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. New Risk • Jun 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to €35.00. The fair value is estimated to be €43.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 33% in a year. Earnings are forecast to grow by 76% in the next year. Reported Earnings • Apr 14
First quarter 2024 earnings released: JP¥24.32 loss per share (vs JP¥31.71 loss in 1Q 2023) First quarter 2024 results: JP¥24.32 loss per share (improved from JP¥31.71 loss in 1Q 2023). Revenue: JP¥9.54b (up 41% from 1Q 2023). Net loss: JP¥1.32b (loss narrowed 23% from 1Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Software industry in Germany. Annonce • Apr 01
Money Forward, Inc. (TSE:3994) agreed to acquire 20.3% stake in Caster Co.Ltd. (TSE:9331) from various investor for ¥470 million. Money Forward, Inc. (TSE:3994) agreed to acquire 20.3% stake in Caster Co.Ltd. (TSE:9331) from various investor for ¥470 million on April 1, 2024. Board Change • Mar 21
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Yukino Kikuma was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 15
Full year 2023 earnings released: JP¥117 loss per share (vs JP¥176 loss in FY 2022) Full year 2023 results: JP¥117 loss per share (improved from JP¥176 loss in FY 2022). Revenue: JP¥30.4b (up 42% from FY 2022). Net loss: JP¥6.32b (loss narrowed 33% from FY 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Software industry in Germany. Annonce • Jan 14
Money Forward, Inc., Annual General Meeting, Feb 28, 2024 Money Forward, Inc., Annual General Meeting, Feb 28, 2024. Annonce • Dec 21
Money Forward, Inc. Announces Etsuko Okajima to Resign as External Director Money Forward, Inc. announced resignation of Etsuko Okajima as External Director upon the conclusion of the 12th Annual General Meeting of Shareholders. Annonce • Nov 01
Money Forward, Inc. to Report Fiscal Year 2023 Results on Jan 12, 2024 Money Forward, Inc. announced that they will report fiscal year 2023 results on Jan 12, 2024 New Risk • Oct 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Annonce • Oct 17
Money Forward, Inc. Announces Consolidated Earnings Forecast for the Fourth Quarter Ending November 30, 2023 Money Forward, Inc. announced consolidated earnings forecast for the fourth quarter ending November 30, 2023. For the year ending November 30, 2023, the company expects net sales of JPY 8,054 million to JPY 8,699 million. Operating loss of JPY 2,100 million to JPY 1,600 million. Loss attributable to owners of parent of JPY 2,200 million to JPY 1,700 million. Loss per share of JPY 40.65 to JPY 31.41. Reported Earnings • Oct 15
Third quarter 2023 earnings released: JP¥28.73 loss per share (vs JP¥64.46 loss in 3Q 2022) Third quarter 2023 results: JP¥28.73 loss per share (improved from JP¥64.46 loss in 3Q 2022). Revenue: JP¥7.50b (up 37% from 3Q 2022). Net loss: JP¥1.55b (loss narrowed 55% from 3Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Software industry in Germany. Annonce • Oct 13
Money Forward, Inc. Revises Consolidated Earnings Guidance for the Year Ending November 30, 2023 Money Forward, Inc. revised consolidated earnings guidance for the year ending November 30, 2023. For the year ending November 30, 2023, the company expects net sales of JPY 29,639 million to JPY 30,283 million compared to previous guidance of JPY 29,209 million to JPY 30,283 million. Operating profit of JPY 6,665 million to JPY 6,165 million. Profit attributable to owners of parent of JPY 7,136 million to JPY 6,636 million. Earnings per share of JPY 132.19 to JPY 122.92. Reported Earnings • Jul 20
Second quarter 2023 earnings released: JP¥31.06 loss per share (vs JP¥41.49 loss in 2Q 2022) Second quarter 2023 results: JP¥31.06 loss per share (improved from JP¥41.49 loss in 2Q 2022). Revenue: JP¥7.30b (up 44% from 2Q 2022). Net loss: JP¥1.68b (loss narrowed 25% from 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Software industry in Germany. Breakeven Date Change • Jul 19 The 10 analysts covering Money Forward previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 47% per year to 2024. The company is expected to make a profit of JP¥2.16b in 2025.
Reported Earnings • Apr 16
First quarter 2023 earnings released: JP¥31.71 loss per share (vs JP¥31.27 loss in 1Q 2022) First quarter 2023 results: JP¥31.71 loss per share (further deteriorated from JP¥31.27 loss in 1Q 2022). Revenue: JP¥6.79b (up 43% from 1Q 2022). Net loss: JP¥1.71b (loss widened 2.2% from 1Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Software industry in Germany. Buying Opportunity • Mar 31
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €40.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has declined by 48%. Revenue is forecast to grow by 70% in 2 years. Earnings is forecast to grow by 72% in the next 2 years. Breakeven Date Change • Jan 26
Forecast to breakeven in 2025 The 11 analysts covering Money Forward expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 61% per year to 2024. The company is expected to make a profit of JP¥1.81b in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule. Breakeven Date Change • Jan 25
Forecast to breakeven in 2025 The 11 analysts covering Money Forward expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of JP¥1.99b in 2025. Average annual earnings growth of 78% is required to achieve expected profit on schedule. Annonce • Jan 21
Money Forward, Inc. Provides Earnings Guidance for the First Quarter Ending February 28, 2023 and Fiscal Year 2023 Money Forward, Inc. provided earnings guidance for the first quarter ending February 28, 2023 and fiscal year 2023. For the quarter, the company expects net sales of ¥6,278 million to ¥6,563 million, operating loss of ¥2,569 million to ¥2,069 million, loss attributable to owners of parent of ¥2,585 million to ¥2,085 million and loss per share of ¥48.07 to ¥38.77.For the year, the company expects net sales of ¥27,491 million to ¥29,639 million. Reported Earnings • Jan 17
Full year 2022 earnings released: JP¥176 loss per share (vs JP¥29.97 loss in FY 2021) Full year 2022 results: JP¥176 loss per share (further deteriorated from JP¥29.97 loss in FY 2021). Revenue: JP¥21.5b (up 37% from FY 2021). Net loss: JP¥9.45b (loss widened JP¥7.97b from FY 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Software industry in Germany. Annonce • Jan 16
Money Forward, Inc., Annual General Meeting, Feb 22, 2023 Money Forward, Inc., Annual General Meeting, Feb 22, 2023. Agenda: To consider the Reduction of Legal Capital Surplus and Appropriation of Surplus. Breakeven Date Change • Dec 01
Forecast to breakeven in 2025 The 12 analysts covering Money Forward expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of JP¥477.0m in 2025. Average annual earnings growth of 68% is required to achieve expected profit on schedule. Annonce • Nov 01
Money Forward, Inc. to Report Fiscal Year 2022 Results on Jan 16, 2023 Money Forward, Inc. announced that they will report fiscal year 2022 results on Jan 16, 2023 Buying Opportunity • Oct 18
Now 24% undervalued Over the last 90 days, the stock is up 1.9%. The fair value is estimated to be €28.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has declined by 29%. Revenue is forecast to grow by 73% in 2 years. Earnings is forecast to grow by 71% in the next 2 years. Breakeven Date Change • Jul 21
No longer forecast to breakeven The 13 analysts covering Money Forward no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of JP¥444.5m in 2024. New consensus forecast suggests the company will make a loss of JP¥31.0m in 2024. Reported Earnings • Jul 15
Second quarter 2022 earnings released: JP¥41.49 loss per share (vs JP¥0.92 loss in 2Q 2021) Second quarter 2022 results: JP¥41.49 loss per share (down from JP¥0.92 loss in 2Q 2021). Revenue: JP¥5.09b (up 27% from 2Q 2021). Net loss: JP¥2.22b (loss widened JP¥2.18b from 2Q 2021). Over the next year, revenue is forecast to grow 36%, compared to a 8.4% growth forecast for the industry in Germany.