Money Forward（3994）株式概要株式会社マネーフォワードは、主に日本の個人、金融機関、企業向けに金融ソリューションを提供している。 詳細3994 ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長4/6過去の実績2/6財務の健全性3/6配当金0/6報酬収益は年間31.64%増加すると予測されています 今年は黒字化を達成 リスク分析JP市場と比較して、過去 3 か月間の株価の変動が非常に大きい財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見る3994 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥4.74k31.6% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-9b109b2016201920222025202620282031Revenue JP¥108.9bEarnings JP¥9.3bAdvancedSet Fair ValueView all narrativesFeatured narrative•Software opportunityZenaTechabout 2 months ago author updated this narrativeJOFair Value from Jolt_CommunicationsUS$6.8569.3% 割安 内在価値ディスカウントZenaTech: A big bet on the rise of AI drones and drones-as-a-serviceKey Takeaways ZenaTech is focusing its efforts into building AI drones, combining Drone as a Service, SaaS, and AI as its key revenue drivers. Previously building software for agriculture, ZenaTech has shifted rapidly toward drone services, now driving ~70% of revenue after recent acquisitions.Read full narrative3.2kusers have viewed this narrative9users have liked this narrative0users have commented on this narrative77users have followed this narrativeRead narrativeMoney Forward, Inc. 競合他社RakusSymbol: TSE:3923Market cap: JP¥317.3bSansanSymbol: TSE:4443Market cap: JP¥167.0bJustSystemsSymbol: TSE:4686Market cap: JP¥240.5bfreee K.KSymbol: TSE:4478Market cap: JP¥144.2b価格と性能株価の高値、安値、推移の概要Money Forward過去の株価現在の株価JP¥4,736.0052週高値JP¥6,794.0052週安値JP¥2,750.50ベータ1.151ヶ月の変化20.02%3ヶ月変化43.60%1年変化5.17%3年間の変化-14.67%5年間の変化-5.66%IPOからの変化207.03%最新ニュースValuation Update With 7 Day Price Move • Apr 22Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥5,578, the stock trades at a forward P/E ratio of 2333x. Average forward P/E is 16x in the Software industry in Japan. Total returns to shareholders of 2.5% over the past three years.Major Estimate Revision • Apr 21Consensus estimates of losses per share improve by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥55.5b to JP¥57.5b. EPS estimate increased from -JP¥28.21 per share to -JP¥21.05 per share. Software industry in Japan expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at JP¥4,656. Share price rose 49% to JP¥5,762 over the past week.分析記事 • Apr 16Money Forward, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearAs you might know, Money Forward, Inc. ( TSE:3994 ) just kicked off its latest quarterly results with some very strong...Reported Earnings • Apr 15First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥33.05 (up from JP¥20.44 loss in 1Q 2025). Revenue: JP¥14.7b (up 25% from 1Q 2025). Net income: JP¥1.83b (up JP¥2.95b from 1Q 2025). Profit margin: 13% (up from net loss in 1Q 2025). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 160%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Apr 07Money Forward, Inc. to Report Q1, 2026 Results on Apr 14, 2026Money Forward, Inc. announced that they will report Q1, 2026 results on Apr 14, 2026Board Change • Mar 13High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent External Director Ken Ashida was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.最新情報をもっと見るRecent updatesValuation Update With 7 Day Price Move • Apr 22Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥5,578, the stock trades at a forward P/E ratio of 2333x. Average forward P/E is 16x in the Software industry in Japan. Total returns to shareholders of 2.5% over the past three years.Major Estimate Revision • Apr 21Consensus estimates of losses per share improve by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥55.5b to JP¥57.5b. EPS estimate increased from -JP¥28.21 per share to -JP¥21.05 per share. Software industry in Japan expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at JP¥4,656. Share price rose 49% to JP¥5,762 over the past week.分析記事 • Apr 16Money Forward, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearAs you might know, Money Forward, Inc. ( TSE:3994 ) just kicked off its latest quarterly results with some very strong...Reported Earnings • Apr 15First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥33.05 (up from JP¥20.44 loss in 1Q 2025). Revenue: JP¥14.7b (up 25% from 1Q 2025). Net income: JP¥1.83b (up JP¥2.95b from 1Q 2025). Profit margin: 13% (up from net loss in 1Q 2025). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 160%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Apr 07Money Forward, Inc. to Report Q1, 2026 Results on Apr 14, 2026Money Forward, Inc. announced that they will report Q1, 2026 results on Apr 14, 2026Board Change • Mar 13High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent External Director Ken Ashida was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.分析記事 • Feb 04Money Forward, Inc.'s (TSE:3994) Stock Retreats 28% But Revenues Haven't Escaped The Attention Of InvestorsMoney Forward, Inc. ( TSE:3994 ) shareholders won't be pleased to see that the share price has had a very rough month...お知らせ • Jan 29Money Forward, Inc. Revises Full-Year Consolidated Financial Forecasts for the Fiscal Year Ending November 2026Money 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.お知らせ • Jan 27Money Forward, Inc. Announces Retirement of Directors, Effective in February 2026Money 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.Major Estimate Revision • Jan 23Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -JP¥14.62 to -JP¥16.44 per share. Revenue forecast unchanged at JP¥56.9b. Software industry in Japan expected to see average net income growth of 22% next year. Consensus price target of JP¥5,217 unchanged from last update. Share price fell 13% to JP¥4,141 over the past week.分析記事 • Jan 21Shareholders Shouldn’t Be Too Comfortable With Money Forward's (TSE:3994) Strong EarningsDespite posting strong earnings, Money Forward, Inc.'s ( TSE:3994 ) stock didn't move much over the last week. We...Major Estimate Revision • Jan 21Consensus estimates of losses per share improve by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥56.4b to JP¥57.1b. EPS estimate increased from -JP¥16.12 per share to -JP¥14.00 per share. Software industry in Japan expected to see average net income growth of 22% next year. Consensus price target of JP¥5,217 unchanged from last update. Share price fell 5.5% to JP¥4,322 over the past week.分析記事 • Jan 16Results: Money Forward, Inc. Beat Earnings Expectations And Analysts Now Have New ForecastsMoney Forward, Inc. ( TSE:3994 ) investors will be delighted, with the company turning in some strong numbers with its...New Risk • Jan 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change).Reported Earnings • Jan 15Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥28.77 (up from JP¥116 loss in FY 2024). Revenue: JP¥50.3b (up 25% from FY 2024). Net income: JP¥1.59b (up JP¥7.92b from FY 2024). Profit margin: 3.2% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 14+ 1 more updateMoney Forward, Inc., Annual General Meeting, Feb 26, 2026Money Forward, Inc., Annual General Meeting, Feb 26, 2026.New Risk • Dec 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% 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.Price Target Changed • Dec 09Price target decreased by 7.1% to JP¥5,217Down from JP¥5,617, the current price target is an average from 9 analysts. New target price is 33% above last closing price of JP¥3,925. Stock is down 22% over the past year. The company is forecast to post earnings per share of JP¥21.09 next year compared to a net loss per share of JP¥116 last year.Breakeven Date Change • Dec 01Forecast breakeven date pushed back to 2027The 9 analysts covering Money Forward previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of JP¥5.54b in 2027. Average annual earnings growth of 71% is required to achieve expected profit on schedule.お知らせ • Nov 28Money Forward, Inc. Announces Board RetirementsMoney 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.Price Target Changed • Nov 10Price target decreased by 9.1% to JP¥5,617Down from JP¥6,178, the current price target is an average from 9 analysts. New target price is 30% above last closing price of JP¥4,307. Stock is down 14% over the past year. The company is forecast to post a net loss per share of JP¥68.51 next year compared to a net loss per share of JP¥116 last year.分析記事 • Oct 30Money Forward, Inc.'s (TSE:3994) Share Price Is Still Matching Investor Opinion Despite 26% SlumpMoney Forward, Inc. ( TSE:3994 ) shareholders that were waiting for something to happen have been dealt a blow with a...Reported Earnings • Oct 16Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: JP¥21.46 loss per share (further deteriorated from JP¥20.45 loss in 3Q 2024). Revenue: JP¥12.1b (up 23% from 3Q 2024). Net loss: JP¥1.19b (loss widened 6.5% from 3Q 2024). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 90%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.分析記事 • Oct 08Is Money Forward (TSE:3994) Weighed On By Its Debt Load?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Buy Or Sell Opportunity • Sep 16Now 20% undervaluedOver the last 90 days, the stock has risen 32% to JP¥6,125. The fair value is estimated to be JP¥7,687, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 28% in a year. Earnings are forecast to grow by 81% in the next year.分析記事 • Jul 31Money Forward, Inc. (TSE:3994) Looks Just Right With A 25% Price JumpDespite an already strong run, Money Forward, Inc. ( TSE:3994 ) shares have been powering on, with a gain of 25% in the...分析記事 • Jul 18Here's What Analysts Are Forecasting For Money Forward, Inc. (TSE:3994) After Its Interim ResultsMoney Forward, Inc. ( TSE:3994 ) last week reported its latest half-year results, which makes it a good time for...Reported Earnings • Jul 17Second quarter 2025 earnings releasedSecond quarter 2025 results: Net income: (up JP¥1.28b from 2Q 2024).Breakeven Date Change • Jul 17The 8 analysts covering Money Forward previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 38% to 2025. The company is expected to make a profit of JP¥1.87b in 2026. Average annual earnings growth of 63% is required to achieve expected profit on schedule.分析記事 • May 09After Leaping 33% Money Forward, Inc. (TSE:3994) Shares Are Not Flying Under The RadarMoney Forward, Inc. ( TSE:3994 ) shareholders would be excited to see that the share price has had a great month...Major Estimate Revision • Apr 21Consensus EPS estimates upgraded to JP¥71.84 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -JP¥82.63 to -JP¥71.84 per share. Revenue forecast steady at JP¥51.1b. Software industry in Japan expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at JP¥5,866. Share price rose 6.9% to JP¥4,309 over the past week.分析記事 • Apr 17Analysts Are Updating Their Money Forward, Inc. (TSE:3994) Estimates After Its First-Quarter ResultsShareholders of Money Forward, Inc. ( TSE:3994 ) will be pleased this week, given that the stock price is up 14% to...Reported Earnings • Apr 15First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: JP¥20.44 loss per share (improved from JP¥24.32 loss in 1Q 2024). Revenue: JP¥11.7b (up 23% from 1Q 2024). Net loss: JP¥1.12b (loss narrowed 15% from 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Apr 15Money 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.お知らせ • Apr 03Money Forward, Inc. to Report Fiscal Year 2025 Results on Jan 14, 2026Money Forward, Inc. announced that they will report fiscal year 2025 results on Jan 14, 2026お知らせ • Apr 01Sony 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.お知らせ • Mar 31Money Forward, Inc. Revises Earnings Guidance for the Fiscal Year Ending November 30, 2025Money 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).分析記事 • Mar 19Health Check: How Prudently Does Money Forward (TSE:3994) Use Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Major Estimate Revision • Mar 07Consensus EPS estimates fall by 38%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -JP¥34.37 to -JP¥47.58 per share. Revenue forecast unchanged at JP¥51.0b. Software industry in Japan expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at JP¥6,260. Share price rose 4.1% to JP¥4,172 over the past week.Price Target Changed • Mar 06Price target decreased by 7.2% to JP¥6,260Down from JP¥6,748, the current price target is an average from 8 analysts. New target price is 47% above last closing price of JP¥4,252. Stock is down 36% over the past year. The company is forecast to post a net loss per share of JP¥47.58 next year compared to a net loss per share of JP¥116 last year.分析記事 • Feb 26Shareholders Should Be Pleased With Money Forward, Inc.'s (TSE:3994) PriceWhen you see that almost half of the companies in the Software industry in Japan have price-to-sales ratios (or "P/S...New Risk • Feb 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.Buy Or Sell Opportunity • Feb 17Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.0% to JP¥4,378. The fair value is estimated to be JP¥5,708, 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 7.0%. Revenue is forecast to grow by 26% in a year. Earnings are forecast to grow by 70% in the next year.お知らせ • Feb 16Money Forward, Inc. to Report Q3, 2025 Results on Oct 15, 2025Money Forward, Inc. announced that they will report Q3, 2025 results on Oct 15, 2025お知らせ • Feb 15+ 1 more updateMoney Forward, Inc. to Report Q1, 2025 Results on Apr 14, 2025Money Forward, Inc. announced that they will report Q1, 2025 results on Apr 14, 2025Major Estimate Revision • Feb 07Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥52.1b to JP¥50.8b. Losses expected to increase from JP¥21.19 per share to JP¥24.11. Software industry in Japan expected to see average net income growth of 23% next year. Consensus price target down from JP¥6,748 to JP¥6,310. Share price rose 3.6% to JP¥4,478 over the past week.分析記事 • Jan 17Money Forward, Inc. (TSE:3994) Just Released Its Annual Results And Analysts Are Updating Their EstimatesThere's been a major selloff in Money Forward, Inc. ( TSE:3994 ) shares in the week since it released its full-year...Reported Earnings • Jan 15Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: JP¥116 loss per share. Revenue: JP¥40.4b (up 33% from FY 2023). Net loss: JP¥6.33b (flat on FY 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software industry in Japan.Major Estimate Revision • Jan 15Consensus EPS estimates fall from profit to JP¥17.09 lossThe consensus outlook for fiscal year 2025 has been updated. Expected to report loss instead of -JP¥17.09 instead of JP¥10.62 per share profit previously forecast. Revenue forecast unchanged at JP¥51.9b Software industry in Japan expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at JP¥6,748. Share price fell 18% to JP¥4,036 over the past week.お知らせ • Jan 14Money Forward, Inc., Annual General Meeting, Feb 25, 2025Money Forward, Inc., Annual General Meeting, Feb 25, 2025.Breakeven Date Change • Jan 14Forecast breakeven date pushed back to 2026The 8 analysts covering Money Forward previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of JP¥5.50b in 2026. Average annual earnings growth of 58% is required to achieve expected profit on schedule.分析記事 • Dec 04Money Forward, Inc.'s (TSE:3994) Intrinsic Value Is Potentially 75% Above Its Share PriceKey Insights Money Forward's estimated fair value is JP¥8,763 based on 2 Stage Free Cash Flow to Equity Current share...お知らせ • Nov 27Yozo Ueda to Resign as External Audit & Supervisory Board Member of Money Forward, IncMoney Forward, Inc. announced audit & supervisory board member to resign: Yozo Ueda; Current Position: External Audit & Supervisory Board member.分析記事 • Nov 14What You Can Learn From Money Forward, Inc.'s (TSE:3994) P/S After Its 25% Share Price CrashMoney Forward, Inc. ( TSE:3994 ) shares have had a horrible month, losing 25% after a relatively good period...New Risk • Nov 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% 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.お知らせ • Nov 01Money Forward, Inc. to Report Fiscal Year 2024 Results on Jan 14, 2025Money Forward, Inc. announced that they will report fiscal year 2024 results on Jan 14, 2025分析記事 • Oct 18Money Forward, Inc. (TSE:3994) Third-Quarter Results: Here's What Analysts Are Forecasting For Next YearThe analysts might have been a bit too bullish on Money Forward, Inc. ( TSE:3994 ), given that the company fell short...Reported Earnings • Oct 17Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird 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 missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Oct 15Money Forward, Inc. Provides Consolidated Earnings Forecast for the Fiscal Year Ending November 30, 2024Money 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.Major Estimate Revision • Aug 28Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -JP¥56.31 to -JP¥63.10 per share. Revenue forecast unchanged at JP¥41.4b. Software industry in Japan expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at JP¥7,011. Share price rose 8.6% to JP¥5,590 over the past week.分析記事 • Aug 20Money Forward, Inc.'s (TSE:3994) P/S Still Appears To Be ReasonableMoney Forward, Inc.'s ( TSE:3994 ) price-to-sales (or "P/S") ratio of 7.3x may look like a poor investment opportunity...Reported Earnings • Jul 16Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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 exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 98%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.New Risk • Jun 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.分析記事 • Apr 16Money Forward, Inc. (TSE:3994) First-Quarter Results: Here's What Analysts Are Forecasting For This YearIt's been a mediocre week for Money Forward, Inc. ( TSE:3994 ) shareholders, with the stock dropping 11% to JP¥5,625 in...Reported Earnings • Apr 14First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst 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 exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.お知らせ • Apr 01Money 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.分析記事 • Mar 29Is Money Forward (TSE:3994) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Board Change • Mar 21High number of new directorsThere 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.Major Estimate Revision • Jan 31Consensus estimates of losses per share improve by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥39.9b to JP¥40.8b. EPS estimate increased from -JP¥50.59 per share to -JP¥44.15 per share. Software industry in Japan expected to see average net income growth of 18% next year. Consensus price target up from JP¥6,236 to JP¥6,713. Share price rose 8.4% to JP¥5,847 over the past week.Price Target Changed • Jan 30Price target increased by 7.4% to JP¥6,700Up from JP¥6,236, the current price target is an average from 7 analysts. New target price is 18% above last closing price of JP¥5,695. Stock is up 20% over the past year. The company is forecast to post a net loss per share of JP¥45.75 next year compared to a net loss per share of JP¥117 last year.Breakeven Date Change • Jan 24Forecast to breakeven in 2025The 9 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¥2.30b in 2025. Average annual earnings growth of 58% is required to achieve expected profit on schedule.Reported Earnings • Jan 15Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull 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 exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.お知らせ • Jan 14Money Forward, Inc., Annual General Meeting, Feb 28, 2024Money Forward, Inc., Annual General Meeting, Feb 28, 2024.お知らせ • Dec 21Money Forward, Inc. Announces Etsuko Okajima to Resign as External DirectorMoney Forward, Inc. announced resignation of Etsuko Okajima as External Director upon the conclusion of the 12th Annual General Meeting of Shareholders.お知らせ • Nov 02+ 2 more updatesMoney Forward, Inc. to Report Q3, 2024 Results on Oct 11, 2024Money Forward, Inc. announced that they will report Q3, 2024 results on Oct 11, 2024お知らせ • Nov 01Money Forward, Inc. to Report Fiscal Year 2023 Results on Jan 12, 2024Money Forward, Inc. announced that they will report fiscal year 2023 results on Jan 12, 2024New Risk • Oct 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.お知らせ • Oct 17Money Forward, Inc. Announces Consolidated Earnings Forecast for the Fourth Quarter Ending November 30, 2023Money 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 15Third quarter 2023 earnings: EPS in line with expectations, revenues disappointThird 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 missed analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Breakeven Date Change • Oct 13Forecast to breakeven in 2025The 10 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¥2.71b in 2025. Average annual earnings growth of 92% is required to achieve expected profit on schedule.お知らせ • Oct 13Money Forward, Inc. Revises Consolidated Earnings Guidance for the Year Ending November 30, 2023Money 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.Buying Opportunity • Aug 08Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be JP¥6,823, 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 62%. Revenue is forecast to grow by 75% in 2 years. Earnings is forecast to grow by 99% in the next 2 years.Reported Earnings • Jul 20Second 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 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.New Risk • Jul 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.Breakeven Date Change • Jul 19The 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 16First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst 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 exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.Breakeven Date Change • Apr 15The 11 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¥1.65b in 2025. Average annual earnings growth of 0.3% is required to achieve expected profit on schedule.Buying Opportunity • Apr 06Now 22% undervaluedOver the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥6,020, 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.Buying Opportunity • Mar 20Now 21% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be JP¥6,016, 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 74% in the next 2 years.Major Estimate Revision • Mar 03Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -JP¥115 to -JP¥128 per share. Revenue forecast unchanged at JP¥28.4b. Software industry in Japan expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at JP¥5,150. Share price fell 5.0% to JP¥4,340 over the past week.Breakeven Date Change • Feb 28Forecast to breakeven in 2025The 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¥1.62b in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule.お知らせ • Jan 21Money Forward, Inc. Provides Earnings Guidance for the First Quarter Ending February 28, 2023 and Fiscal Year 2023Money 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 17Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull 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 exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.お知らせ • Jan 16Money Forward, Inc., Annual General Meeting, Feb 22, 2023Money Forward, Inc., Annual General Meeting, Feb 22, 2023. Agenda: To consider the Reduction of Legal Capital Surplus and Appropriation of Surplus.Breakeven Date Change • Nov 30Forecast to breakeven in 2025The 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.お知らせ • Nov 10Money Forward, Inc. to Report Q3, 2023 Results on Oct 13, 2023Money Forward, Inc. announced that they will report Q3, 2023 results on Oct 13, 2023株主還元3994JP SoftwareJP 市場7D0.3%-2.4%-1.0%1Y5.2%-26.0%37.2%株主還元を見る業界別リターン: 3994過去 1 年間で-26 % の収益を上げたJP Software業界を上回りました。リターン対市場: 3994は、過去 1 年間で37.2 % のリターンを上げたJP市場を下回りました。価格変動Is 3994's price volatile compared to industry and market?3994 volatility3994 Average Weekly Movement12.5%Software Industry Average Movement6.1%Market Average Movement4.9%10% most volatile stocks in JP Market9.6%10% least volatile stocks in JP Market2.4%安定した株価: 3994の株価は、 JP市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 3994の weekly volatility ( 12% ) は過去 1 年間安定していますが、依然としてJPの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20122,839Yosuke Tsujiwww.moneyforward.com株式会社マネーフォワードは、主に日本で個人、金融機関、企業向けに金融ソリューションを提供している。マネーフォワードME」、「マネープラス」、「マネーフォワード個人財務コンサルティング」、「マネーフォワード固定費見直し」の名称で個人向け財務管理サービス、バックオフィス業務を推進するSaaS（Software-as-a-Service）アプリケーション「マネーフォワードクラウド」を提供している；また、「Money Forward Cloud Accounting」、「Money Forward Cloud Accounting Plus」、「Money Forward Cloud Tax Return」、「Money Forward Cloud Invoice Issuing」、「Money Forward Cloud Invoice Issuing Plus」、「Money Forward Cloud Receivables Management」、「Money Forward Cloud Expense」、「Money Forward Cloud Accounts Payable」、「Money Forward Cloud Invoice System」、「Money Forward Cloud Fixed Assets」、「Money Forward Cloud Project Cost」、「Money Forward Cloud Consolidated Association」、「Money Forward Cloud Box」の名称で会計・税務ソリューションを提供している。また、「Money Forward Cloud HR Database」、「MoneyForward Cloud Attendance」、「Money Forward Cloud Payroll」、「Money Forward Cloud Tax Adjustment」、「MoneyForward Cloud Social Insurance」、「Money Forward Cloud My Number」の名称で人事ソリューションも提供している；SaaS型マーケティングプラットフォームソリューション「BOXIL SaaS」、「BOXIL EXPO」、「BALES」、「BALES CLOUD」、「BOXIL」、「BizHint」、「ADXL」、金融サービス「マネーフォワード 決済」、「マネーフォワード トランザクション ファイナンス」、「マネーフォワード 請求書カード払い」、「マネーフォワード 繰上返済」、「SHIKIN+」、「SEIKYU+」、「Biz Forward 請求書カード払い」、「ヒラクファンド」を展開している。さらに、同社は、資産データと取引データを収集し、データを保存し、顧客洞察のためにデータを分析するためのマネーフォワードFintechプラットフォーム、コンサルティングサービス、およびその他のソリューションを提供している。同社は以前はマネーブック株式会社として知られていたが、2012年12月に株式会社マネーフォワードに社名を変更した。株式会社マネーフォワードは2012年に設立され、東京に本社を置いている。もっと見るMoney Forward, Inc. 基礎のまとめMoney Forward の収益と売上を時価総額と比較するとどうか。3994 基礎統計学時価総額JP¥262.76b収益（TTM）JP¥4.54b売上高(TTM)JP¥53.31b57.9xPER（株価収益率4.9xP/Sレシオ3994 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計3994 損益計算書（TTM）収益JP¥53.31b売上原価JP¥16.46b売上総利益JP¥36.85bその他の費用JP¥32.32b収益JP¥4.54b直近の収益報告Feb 28, 2026次回決算日該当なし一株当たり利益（EPS）81.75グロス・マージン69.13%純利益率8.51%有利子負債／自己資本比率63.2%3994 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/08 21:58終値2026/05/08 00:00収益2026/02/28年間収益2025/11/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Money Forward, Inc. 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。15 アナリスト機関Keiichi YoneshimaCitigroup IncHideo NodaCLSAJunichi ShimizuDeutsche Bank12 その他のアナリストを表示
Featured narrative•Software opportunityZenaTechabout 2 months ago author updated this narrativeJOFair Value from Jolt_CommunicationsUS$6.8569.3% 割安 内在価値ディスカウントZenaTech: A big bet on the rise of AI drones and drones-as-a-serviceKey Takeaways ZenaTech is focusing its efforts into building AI drones, combining Drone as a Service, SaaS, and AI as its key revenue drivers. Previously building software for agriculture, ZenaTech has shifted rapidly toward drone services, now driving ~70% of revenue after recent acquisitions.Read full narrative3.2kusers have viewed this narrative9users have liked this narrative0users have commented on this narrative77users have followed this narrativeRead narrative
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥5,578, the stock trades at a forward P/E ratio of 2333x. Average forward P/E is 16x in the Software industry in Japan. Total returns to shareholders of 2.5% over the past three years.
Major Estimate Revision • Apr 21Consensus estimates of losses per share improve by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥55.5b to JP¥57.5b. EPS estimate increased from -JP¥28.21 per share to -JP¥21.05 per share. Software industry in Japan expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at JP¥4,656. Share price rose 49% to JP¥5,762 over the past week.
分析記事 • Apr 16Money Forward, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearAs you might know, Money Forward, Inc. ( TSE:3994 ) just kicked off its latest quarterly results with some very strong...
Reported Earnings • Apr 15First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥33.05 (up from JP¥20.44 loss in 1Q 2025). Revenue: JP¥14.7b (up 25% from 1Q 2025). Net income: JP¥1.83b (up JP¥2.95b from 1Q 2025). Profit margin: 13% (up from net loss in 1Q 2025). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 160%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Apr 07Money Forward, Inc. to Report Q1, 2026 Results on Apr 14, 2026Money Forward, Inc. announced that they will report Q1, 2026 results on Apr 14, 2026
Board Change • Mar 13High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent External Director Ken Ashida was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥5,578, the stock trades at a forward P/E ratio of 2333x. Average forward P/E is 16x in the Software industry in Japan. Total returns to shareholders of 2.5% over the past three years.
Major Estimate Revision • Apr 21Consensus estimates of losses per share improve by 25%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥55.5b to JP¥57.5b. EPS estimate increased from -JP¥28.21 per share to -JP¥21.05 per share. Software industry in Japan expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at JP¥4,656. Share price rose 49% to JP¥5,762 over the past week.
分析記事 • Apr 16Money Forward, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearAs you might know, Money Forward, Inc. ( TSE:3994 ) just kicked off its latest quarterly results with some very strong...
Reported Earnings • Apr 15First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥33.05 (up from JP¥20.44 loss in 1Q 2025). Revenue: JP¥14.7b (up 25% from 1Q 2025). Net income: JP¥1.83b (up JP¥2.95b from 1Q 2025). Profit margin: 13% (up from net loss in 1Q 2025). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 160%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Apr 07Money Forward, Inc. to Report Q1, 2026 Results on Apr 14, 2026Money Forward, Inc. announced that they will report Q1, 2026 results on Apr 14, 2026
Board Change • Mar 13High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent External Director Ken Ashida was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Feb 04Money Forward, Inc.'s (TSE:3994) Stock Retreats 28% But Revenues Haven't Escaped The Attention Of InvestorsMoney Forward, Inc. ( TSE:3994 ) shareholders won't be pleased to see that the share price has had a very rough month...
お知らせ • Jan 29Money Forward, Inc. Revises Full-Year Consolidated Financial Forecasts for the Fiscal Year Ending November 2026Money 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.
お知らせ • Jan 27Money Forward, Inc. Announces Retirement of Directors, Effective in February 2026Money 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.
Major Estimate Revision • Jan 23Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -JP¥14.62 to -JP¥16.44 per share. Revenue forecast unchanged at JP¥56.9b. Software industry in Japan expected to see average net income growth of 22% next year. Consensus price target of JP¥5,217 unchanged from last update. Share price fell 13% to JP¥4,141 over the past week.
分析記事 • Jan 21Shareholders Shouldn’t Be Too Comfortable With Money Forward's (TSE:3994) Strong EarningsDespite posting strong earnings, Money Forward, Inc.'s ( TSE:3994 ) stock didn't move much over the last week. We...
Major Estimate Revision • Jan 21Consensus estimates of losses per share improve by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥56.4b to JP¥57.1b. EPS estimate increased from -JP¥16.12 per share to -JP¥14.00 per share. Software industry in Japan expected to see average net income growth of 22% next year. Consensus price target of JP¥5,217 unchanged from last update. Share price fell 5.5% to JP¥4,322 over the past week.
分析記事 • Jan 16Results: Money Forward, Inc. Beat Earnings Expectations And Analysts Now Have New ForecastsMoney Forward, Inc. ( TSE:3994 ) investors will be delighted, with the company turning in some strong numbers with its...
New Risk • Jan 16New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change).
Reported Earnings • Jan 15Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥28.77 (up from JP¥116 loss in FY 2024). Revenue: JP¥50.3b (up 25% from FY 2024). Net income: JP¥1.59b (up JP¥7.92b from FY 2024). Profit margin: 3.2% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 14+ 1 more updateMoney Forward, Inc., Annual General Meeting, Feb 26, 2026Money Forward, Inc., Annual General Meeting, Feb 26, 2026.
New Risk • Dec 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% 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.
Price Target Changed • Dec 09Price target decreased by 7.1% to JP¥5,217Down from JP¥5,617, the current price target is an average from 9 analysts. New target price is 33% above last closing price of JP¥3,925. Stock is down 22% over the past year. The company is forecast to post earnings per share of JP¥21.09 next year compared to a net loss per share of JP¥116 last year.
Breakeven Date Change • Dec 01Forecast breakeven date pushed back to 2027The 9 analysts covering Money Forward previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of JP¥5.54b in 2027. Average annual earnings growth of 71% is required to achieve expected profit on schedule.
お知らせ • Nov 28Money Forward, Inc. Announces Board RetirementsMoney 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.
Price Target Changed • Nov 10Price target decreased by 9.1% to JP¥5,617Down from JP¥6,178, the current price target is an average from 9 analysts. New target price is 30% above last closing price of JP¥4,307. Stock is down 14% over the past year. The company is forecast to post a net loss per share of JP¥68.51 next year compared to a net loss per share of JP¥116 last year.
分析記事 • Oct 30Money Forward, Inc.'s (TSE:3994) Share Price Is Still Matching Investor Opinion Despite 26% SlumpMoney Forward, Inc. ( TSE:3994 ) shareholders that were waiting for something to happen have been dealt a blow with a...
Reported Earnings • Oct 16Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: JP¥21.46 loss per share (further deteriorated from JP¥20.45 loss in 3Q 2024). Revenue: JP¥12.1b (up 23% from 3Q 2024). Net loss: JP¥1.19b (loss widened 6.5% from 3Q 2024). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 90%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
分析記事 • Oct 08Is Money Forward (TSE:3994) Weighed On By Its Debt Load?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Buy Or Sell Opportunity • Sep 16Now 20% undervaluedOver the last 90 days, the stock has risen 32% to JP¥6,125. The fair value is estimated to be JP¥7,687, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 28% in a year. Earnings are forecast to grow by 81% in the next year.
分析記事 • Jul 31Money Forward, Inc. (TSE:3994) Looks Just Right With A 25% Price JumpDespite an already strong run, Money Forward, Inc. ( TSE:3994 ) shares have been powering on, with a gain of 25% in the...
分析記事 • Jul 18Here's What Analysts Are Forecasting For Money Forward, Inc. (TSE:3994) After Its Interim ResultsMoney Forward, Inc. ( TSE:3994 ) last week reported its latest half-year results, which makes it a good time for...
Reported Earnings • Jul 17Second quarter 2025 earnings releasedSecond quarter 2025 results: Net income: (up JP¥1.28b from 2Q 2024).
Breakeven Date Change • Jul 17The 8 analysts covering Money Forward previously expected the company to break even in 2026. New consensus forecast suggests losses will reduce by 38% to 2025. The company is expected to make a profit of JP¥1.87b in 2026. Average annual earnings growth of 63% is required to achieve expected profit on schedule.
分析記事 • May 09After Leaping 33% Money Forward, Inc. (TSE:3994) Shares Are Not Flying Under The RadarMoney Forward, Inc. ( TSE:3994 ) shareholders would be excited to see that the share price has had a great month...
Major Estimate Revision • Apr 21Consensus EPS estimates upgraded to JP¥71.84 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -JP¥82.63 to -JP¥71.84 per share. Revenue forecast steady at JP¥51.1b. Software industry in Japan expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at JP¥5,866. Share price rose 6.9% to JP¥4,309 over the past week.
分析記事 • Apr 17Analysts Are Updating Their Money Forward, Inc. (TSE:3994) Estimates After Its First-Quarter ResultsShareholders of Money Forward, Inc. ( TSE:3994 ) will be pleased this week, given that the stock price is up 14% to...
Reported Earnings • Apr 15First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: JP¥20.44 loss per share (improved from JP¥24.32 loss in 1Q 2024). Revenue: JP¥11.7b (up 23% from 1Q 2024). Net loss: JP¥1.12b (loss narrowed 15% from 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Apr 15Money 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.
お知らせ • Apr 03Money Forward, Inc. to Report Fiscal Year 2025 Results on Jan 14, 2026Money Forward, Inc. announced that they will report fiscal year 2025 results on Jan 14, 2026
お知らせ • Apr 01Sony 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.
お知らせ • Mar 31Money Forward, Inc. Revises Earnings Guidance for the Fiscal Year Ending November 30, 2025Money 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).
分析記事 • Mar 19Health Check: How Prudently Does Money Forward (TSE:3994) Use Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Major Estimate Revision • Mar 07Consensus EPS estimates fall by 38%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -JP¥34.37 to -JP¥47.58 per share. Revenue forecast unchanged at JP¥51.0b. Software industry in Japan expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at JP¥6,260. Share price rose 4.1% to JP¥4,172 over the past week.
Price Target Changed • Mar 06Price target decreased by 7.2% to JP¥6,260Down from JP¥6,748, the current price target is an average from 8 analysts. New target price is 47% above last closing price of JP¥4,252. Stock is down 36% over the past year. The company is forecast to post a net loss per share of JP¥47.58 next year compared to a net loss per share of JP¥116 last year.
分析記事 • Feb 26Shareholders Should Be Pleased With Money Forward, Inc.'s (TSE:3994) PriceWhen you see that almost half of the companies in the Software industry in Japan have price-to-sales ratios (or "P/S...
New Risk • Feb 17New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.
Buy Or Sell Opportunity • Feb 17Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.0% to JP¥4,378. The fair value is estimated to be JP¥5,708, 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 7.0%. Revenue is forecast to grow by 26% in a year. Earnings are forecast to grow by 70% in the next year.
お知らせ • Feb 16Money Forward, Inc. to Report Q3, 2025 Results on Oct 15, 2025Money Forward, Inc. announced that they will report Q3, 2025 results on Oct 15, 2025
お知らせ • Feb 15+ 1 more updateMoney Forward, Inc. to Report Q1, 2025 Results on Apr 14, 2025Money Forward, Inc. announced that they will report Q1, 2025 results on Apr 14, 2025
Major Estimate Revision • Feb 07Consensus EPS estimates fall by 14%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥52.1b to JP¥50.8b. Losses expected to increase from JP¥21.19 per share to JP¥24.11. Software industry in Japan expected to see average net income growth of 23% next year. Consensus price target down from JP¥6,748 to JP¥6,310. Share price rose 3.6% to JP¥4,478 over the past week.
分析記事 • Jan 17Money Forward, Inc. (TSE:3994) Just Released Its Annual Results And Analysts Are Updating Their EstimatesThere's been a major selloff in Money Forward, Inc. ( TSE:3994 ) shares in the week since it released its full-year...
Reported Earnings • Jan 15Full year 2024 earnings: EPS and revenues miss analyst expectationsFull year 2024 results: JP¥116 loss per share. Revenue: JP¥40.4b (up 33% from FY 2023). Net loss: JP¥6.33b (flat on FY 2023). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 56%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software industry in Japan.
Major Estimate Revision • Jan 15Consensus EPS estimates fall from profit to JP¥17.09 lossThe consensus outlook for fiscal year 2025 has been updated. Expected to report loss instead of -JP¥17.09 instead of JP¥10.62 per share profit previously forecast. Revenue forecast unchanged at JP¥51.9b Software industry in Japan expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at JP¥6,748. Share price fell 18% to JP¥4,036 over the past week.
お知らせ • Jan 14Money Forward, Inc., Annual General Meeting, Feb 25, 2025Money Forward, Inc., Annual General Meeting, Feb 25, 2025.
Breakeven Date Change • Jan 14Forecast breakeven date pushed back to 2026The 8 analysts covering Money Forward previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of JP¥5.50b in 2026. Average annual earnings growth of 58% is required to achieve expected profit on schedule.
分析記事 • Dec 04Money Forward, Inc.'s (TSE:3994) Intrinsic Value Is Potentially 75% Above Its Share PriceKey Insights Money Forward's estimated fair value is JP¥8,763 based on 2 Stage Free Cash Flow to Equity Current share...
お知らせ • Nov 27Yozo Ueda to Resign as External Audit & Supervisory Board Member of Money Forward, IncMoney Forward, Inc. announced audit & supervisory board member to resign: Yozo Ueda; Current Position: External Audit & Supervisory Board member.
分析記事 • Nov 14What You Can Learn From Money Forward, Inc.'s (TSE:3994) P/S After Its 25% Share Price CrashMoney Forward, Inc. ( TSE:3994 ) shares have had a horrible month, losing 25% after a relatively good period...
New Risk • Nov 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% 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.
お知らせ • Nov 01Money Forward, Inc. to Report Fiscal Year 2024 Results on Jan 14, 2025Money Forward, Inc. announced that they will report fiscal year 2024 results on Jan 14, 2025
分析記事 • Oct 18Money Forward, Inc. (TSE:3994) Third-Quarter Results: Here's What Analysts Are Forecasting For Next YearThe analysts might have been a bit too bullish on Money Forward, Inc. ( TSE:3994 ), given that the company fell short...
Reported Earnings • Oct 17Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird 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 missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 9.1%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 15Money Forward, Inc. Provides Consolidated Earnings Forecast for the Fiscal Year Ending November 30, 2024Money 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.
Major Estimate Revision • Aug 28Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -JP¥56.31 to -JP¥63.10 per share. Revenue forecast unchanged at JP¥41.4b. Software industry in Japan expected to see average net income growth of 14% next year. Consensus price target broadly unchanged at JP¥7,011. Share price rose 8.6% to JP¥5,590 over the past week.
分析記事 • Aug 20Money Forward, Inc.'s (TSE:3994) P/S Still Appears To Be ReasonableMoney Forward, Inc.'s ( TSE:3994 ) price-to-sales (or "P/S") ratio of 7.3x may look like a poor investment opportunity...
Reported Earnings • Jul 16Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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 exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 98%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
New Risk • Jun 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.
分析記事 • Apr 16Money Forward, Inc. (TSE:3994) First-Quarter Results: Here's What Analysts Are Forecasting For This YearIt's been a mediocre week for Money Forward, Inc. ( TSE:3994 ) shareholders, with the stock dropping 11% to JP¥5,625 in...
Reported Earnings • Apr 14First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst 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 exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
お知らせ • Apr 01Money 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.
分析記事 • Mar 29Is Money Forward (TSE:3994) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Board Change • Mar 21High number of new directorsThere 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.
Major Estimate Revision • Jan 31Consensus estimates of losses per share improve by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥39.9b to JP¥40.8b. EPS estimate increased from -JP¥50.59 per share to -JP¥44.15 per share. Software industry in Japan expected to see average net income growth of 18% next year. Consensus price target up from JP¥6,236 to JP¥6,713. Share price rose 8.4% to JP¥5,847 over the past week.
Price Target Changed • Jan 30Price target increased by 7.4% to JP¥6,700Up from JP¥6,236, the current price target is an average from 7 analysts. New target price is 18% above last closing price of JP¥5,695. Stock is up 20% over the past year. The company is forecast to post a net loss per share of JP¥45.75 next year compared to a net loss per share of JP¥117 last year.
Breakeven Date Change • Jan 24Forecast to breakeven in 2025The 9 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¥2.30b in 2025. Average annual earnings growth of 58% is required to achieve expected profit on schedule.
Reported Earnings • Jan 15Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull 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 exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.0%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 14Money Forward, Inc., Annual General Meeting, Feb 28, 2024Money Forward, Inc., Annual General Meeting, Feb 28, 2024.
お知らせ • Dec 21Money Forward, Inc. Announces Etsuko Okajima to Resign as External DirectorMoney Forward, Inc. announced resignation of Etsuko Okajima as External Director upon the conclusion of the 12th Annual General Meeting of Shareholders.
お知らせ • Nov 02+ 2 more updatesMoney Forward, Inc. to Report Q3, 2024 Results on Oct 11, 2024Money Forward, Inc. announced that they will report Q3, 2024 results on Oct 11, 2024
お知らせ • Nov 01Money Forward, Inc. to Report Fiscal Year 2023 Results on Jan 12, 2024Money Forward, Inc. announced that they will report fiscal year 2023 results on Jan 12, 2024
New Risk • Oct 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company.
お知らせ • Oct 17Money Forward, Inc. Announces Consolidated Earnings Forecast for the Fourth Quarter Ending November 30, 2023Money 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 15Third quarter 2023 earnings: EPS in line with expectations, revenues disappointThird 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 missed analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Breakeven Date Change • Oct 13Forecast to breakeven in 2025The 10 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¥2.71b in 2025. Average annual earnings growth of 92% is required to achieve expected profit on schedule.
お知らせ • Oct 13Money Forward, Inc. Revises Consolidated Earnings Guidance for the Year Ending November 30, 2023Money 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.
Buying Opportunity • Aug 08Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be JP¥6,823, 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 62%. Revenue is forecast to grow by 75% in 2 years. Earnings is forecast to grow by 99% in the next 2 years.
Reported Earnings • Jul 20Second 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 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
New Risk • Jul 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company.
Breakeven Date Change • Jul 19The 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 16First quarter 2023 earnings: EPS and revenues exceed analyst expectationsFirst 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 exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
Breakeven Date Change • Apr 15The 11 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¥1.65b in 2025. Average annual earnings growth of 0.3% is required to achieve expected profit on schedule.
Buying Opportunity • Apr 06Now 22% undervaluedOver the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥6,020, 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.
Buying Opportunity • Mar 20Now 21% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be JP¥6,016, 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 74% in the next 2 years.
Major Estimate Revision • Mar 03Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -JP¥115 to -JP¥128 per share. Revenue forecast unchanged at JP¥28.4b. Software industry in Japan expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at JP¥5,150. Share price fell 5.0% to JP¥4,340 over the past week.
Breakeven Date Change • Feb 28Forecast to breakeven in 2025The 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¥1.62b in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule.
お知らせ • Jan 21Money Forward, Inc. Provides Earnings Guidance for the First Quarter Ending February 28, 2023 and Fiscal Year 2023Money 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 17Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull 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 exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
お知らせ • Jan 16Money Forward, Inc., Annual General Meeting, Feb 22, 2023Money Forward, Inc., Annual General Meeting, Feb 22, 2023. Agenda: To consider the Reduction of Legal Capital Surplus and Appropriation of Surplus.
Breakeven Date Change • Nov 30Forecast to breakeven in 2025The 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.
お知らせ • Nov 10Money Forward, Inc. to Report Q3, 2023 Results on Oct 13, 2023Money Forward, Inc. announced that they will report Q3, 2023 results on Oct 13, 2023
