Money Forward, Inc.
Stock Price Chart
2026/01/16 UpdatedPrice Trend
2026/01/16 UpdatedPrice & Trading Details
2026/01/16 UpdatedPRICE
TRADING
Analyst Recommendations 9 analysts
Updated 2026/01/11Shareholder Composition
Updated 2026/01/11Major Holders
Updated 2026/01/11| Institution | Ownership | Shares | Change |
|---|---|---|---|
|
SmallCap World Fund Inc
|
2.5M | -4.17% | |
|
Artisan Partners Funds Inc.-Artisan International Small-Mid Fund
|
1.4M | +20.69% | |
|
VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund
|
645.8K | +1.32% | |
|
Baillie Gifford Funds-Baillie Gifford International Alpha Fund
|
488.0K | -6.67% | |
|
VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund
|
408.5K | +2.20% | |
|
Fidelity Investment Trust-Fidelity Pacific Basin Fund
|
402.5K | 0.00% |
Financial Performance
2026/01/11 UpdatedRevenue & Profit
Margins
Cash Flow
Financial Health
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | ¥15,633M | ¥21,477M | ¥30,381M | ¥40,364M |
| Gross Profit | ¥10,819M | ¥13,398M | ¥19,082M | ¥27,060M |
| Operating Income | -¥1,062M | -¥8,469M | -¥6,330M | -¥4,735M |
| Pretax Income | -¥1,382M | -¥9,533M | -¥6,674M | -¥5,470M |
| Net Income | -¥1,482M | -¥9,450M | -¥6,315M | -¥6,331M |
| EPS | -¥29.97 | -¥176.44 | -¥116.98 | -¥116.32 |
| Operating Margin | -6.80% | -39.43% | -20.83% | -11.73% |
| Balance Sheet | ||||
| Total Assets | ¥56,943M | ¥65,987M | ¥88,282M | ¥106,192M |
| Total Equity | ¥40,530M | ¥32,634M | ¥28,327M | ¥37,436M |
| Total Liabilities | ¥16,412M | ¥33,353M | ¥59,955M | ¥68,755M |
| Cash | ¥36,221M | ¥26,713M | ¥38,856M | ¥45,252M |
| Interest-bearing Debt | ¥8,554M | ¥16,902M | ¥30,374M | ¥35,445M |
| Equity Ratio | 71.18% | 49.46% | 32.09% | 35.25% |
| D/E Ratio | 0.21 | 0.52 | 1.07 | 0.95 |
| Cash Flow | ||||
| Operating CF | -¥2,328M | -¥4,124M | ¥2,460M | -¥4,761M |
| Investing CF | -¥5,199M | -¥14,780M | -¥7,449M | -¥9,505M |
| Financing CF | ¥34,798M | ¥9,074M | ¥17,463M | ¥20,347M |
| Free CF | -¥4,662M | -¥8,392M | -¥2,921M | -¥11,131M |
| Efficiency | ||||
| ROE | -3.66% | -28.96% | -22.29% | -16.91% |
| ROA | -2.60% | -14.32% | -7.15% | -5.96% |
Latest IR Information
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Notice Regarding Recording of Extraordinary Gains, Extraordinary Losses and Non-Operating Expenses, and Differences between Earnings Guidance and Actual Results for the Fiscal Year Ending November 2025
Recorded extraordinary gains of 2,046 million yen and total extraordinary losses of approximately 2,281 million yen in Q4 of FY November 2025. Full-year results exceeded previous forecasts with net sales of 50,349 million yen and net income attributable to owners...
Read more -
Financial Results Fiscal Year 2025 Ended Nov 30, 2025
For the fiscal year ended November 2025, revenue reached 50.35 billion yen, a 25% year-over-year increase, surpassing the guidance median. Adjusted EBITDA was 4.96 billion yen, exceeding the upper end of guidance. Net income attributable to owners of parent achieved...
Read more -
Notice Regarding Issuance of New Shares as Restricted Stock Compensation
Money Forward, Inc. resolved at its Board of Directors meeting on January 14, 2026, to issue up to 150,150 shares as restricted stock compensation, with a total issuance amount capped at 500 million yen.
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Financial Summary for November 2025 Fiscal Year [Japanese GAAP] (Consolidated)
Consolidated net sales for the November 2025 fiscal year were ¥50,349 million (up 24.7% YoY), adjusted EBITDA was ¥4,963 million (up 166.2% YoY), and net income attributable to owners of parent turned profitable at ¥1,587 million.
Read more -
Notice Regarding Completion of Examination for the Filing under the Foreign Exchange and Foreign Trade Act on the Tender Offer for Outlook Consulting Co., Ltd. Shares (Securities Code: 5596) by a Subsidiary of Money Forward, Inc. (Money Forward Consulting Co., Ltd.)
Money Forward Consulting Co., Ltd., a subsidiary of Money Forward, Inc., completed the examination of the filing under the Foreign Exchange and Foreign Trade Act for the tender offer of shares of Outlook Consulting Co., Ltd. on December 26, 2025,...
Read more
Latest News (5 items)
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Average Analyst Rating: hold
Average Target Price: ¥5,217
Rating Score: 2.78 (Based on 9 analysts)
※1=Strong Buy, 5=Strong Sell
Company Information
About
Money Forward, Inc. provides financial solutions for individuals, financial institutions, and corporations primarily in Japan. The company offers personal financial management services under the Money Forward ME, MONEY PLUS, Money Forward Personal Financial Consulting, Money Forward Sensei, Money Forward RelayB, and Money Forward Fixed Cost Review names; Money Forward Cloud, a software-as-a-service (SaaS) application for back office operations; and accounting and tax solutions under the 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, and Money Forward Cloud Box names. It also provides human resource solutions under the Money Forward Cloud HR Database, MoneyForward Cloud Attendance, Money Forward Cloud Payroll, Money Forward Cloud Tax Adjustment, MoneyForward Cloud Social Insurance, and Money Forward Cloud My Number names; and SaaS marketing platform solutions under the BOXIL SaaS, BOXIL EXPO, BALES, BALES CLOUD, BOXIL, BizHint, and ADXL names; and financial services under the Money Forward Kessai, Money Forward Transaction Finance, Money Forward Invoice Card Pay, Money Forward Early Payment, SHIKIN+, SEIKYU+, Biz Forward Invoice Card Pay, and HIRAC FUND names. In addition, the company offers Money Forward Fintech Platform for collecting the asset data and transaction data, storing the data, and analyzing the data for customer insights; consulting services; and other solutions. The company was formerly known as Moneybook Co. and changed its name to Money Forward, Inc. in December 2012. The company was incorporated in 2012 and is headquartered in Tokyo, Japan.
