Q1 Financial Summary for Fiscal Year Ending November 2026 [Japanese GAAP] (Consolidated)

Summary of Performance

In the first quarter of the fiscal year ending November 2026, Money Forward, Inc. posted revenue of 14,670 million yen (up 25.3% YoY), adjusted EBITDA of 2,814 million yen (up 136.6% YoY), and operating income of 168 million yen (compared to an operating loss in the same period last year). Net income attributable to owners of parent was 1,828 million yen. SaaS ARR showed robust growth to 44,303 million yen (up 34.2% YoY), with the Business segment’s corporate customer SaaS ARR reaching 33,733 million yen (up 36.8% YoY). The company operates across four segments: Business, Home, X, and Finance, achieving customer base expansion and ARPA improvement through strengthening AI functions development, price revisions, and enhancements to sales and marketing structures.

Financial Position and Outlook

Total assets stood at 160,262 million yen (an increase of 32,695 million yen from the previous fiscal year-end), and net assets were 57,757 million yen (up 1,891 million yen). However, the equity ratio decreased to 26.1% from 32.0% at the previous fiscal year-end. The consolidated full-year earnings guidance for fiscal 2026 is revised to revenue between 53,400 and 57,550 million yen (an increase of 6.1% to 14.3% YoY) and adjusted EBITDA between 8,000 and 10,000 million yen (up 61.2% to 101.5% YoY). Operating income is projected in the range of a loss of 2,500 million yen to a profit of 500 million yen, ordinary income from a loss of 4,200 million yen to a loss of 1,200 million yen, and net income attributable to owners of parent from a loss of 3,700 million yen to 700 million yen loss. Mid- to long-term plans include continuing upfront investments centered on the Business segment while focusing on customer acquisition and product development.