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Money Forward, Inc. (3994.T)
Tokyo, JP
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, and Money Forward Fixed Cost Review names; Money Forward Cloud, a software-as-a-service (SaaS) application for promoting 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. Money Forward, Inc. was incorporated in 2012 and is headquartered in Tokyo, Japan.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +7.23% | +0.39% | -8.08% | +36.14% | +4.05% | -7.06% | -5.36% | -23.94% | -20.89% | +181.56% | +181.56% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 2 | 0 |
| Hold | 6 | -1 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Software - Application: +13.0%+24.7% ★ Q2'26: +24.2% (vs Q2'25)
-
EPS growth Software - Application: +28.6%+124.6% ★ Q2'26: -18.1% (vs Q2'25)
-
FCF margin FCF growth · Software - Application: +45.3%+19.4% Q2'26: +0.0% (vs Q2'25)
-
EBIT margin Software - Application: +9.4%+7.3% Q2'26: -2.6% (vs Q2'25)
-
ROIC Software - Application: +7.5%+5.7% Q2'26: -3.0% (vs Q2'25)
-
Share dilution Software - Application: +0.0%+2.0% Q2'26: +0.5% (vs Q2'25)
-
Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×3.90× ★ Q2'26: 7.28× (vs Q2'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Nov 2017 actual |
Nov 2018 actual |
Nov 2019 actual |
Nov 2020 actual |
Nov 2021 actual |
Nov 2022 actual |
Nov 2023 actual |
Nov 2024 actual |
Nov 2025 actual |
Nov 2026 10 Rev. Ana. 7 EPS Ana. |
Nov 2027 10 Rev. Ana. 10 EPS Ana. |
Nov 2028 10 Rev. Ana. 10 EPS Ana. |
Nov 2029 5 Rev. Ana. 4 EPS Ana. |
Nov 2030 5 Rev. Ana. 4 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
2.90B
est: 2.85B (+1.7%)
|
4.59B
est: 4.50B (+2.1%)
|
7.16B
est: 7.12B (+0.5%)
|
11.32B
est: 11.17B (+1.3%)
|
15.63B
est: 15.72B (-0.6%)
|
21.48B
est: 21.25B (+1.1%)
|
30.38B
est: 33.13B (-8.3%)
|
40.36B
est: 40.89B (-1.3%)
|
50.35B
est: 48.40B (+4.0%)
|
59.94B
56.13B – 62.23B
+23.8% YoY
|
70.86B
68.00B – 74.92B
+18.2% YoY
|
83.57B
83.41B – 83.73B
+17.9% YoY
|
94.24B
89.43B – 98.81B
+12.8% YoY
|
105.91B
100.50B – 111.05B
+12.4% YoY
|
| EBITDA |
-806.99M
est: -431.92M (-86.8%)
|
-655.07M
est: -681.98M (+3.9%)
|
-2.43B
est: -1.08B (-125.6%)
|
-1.93B
est: -1.69B (-13.9%)
|
-514.68M
est: -2.38B (+78.4%)
|
-7.97B
est: -3.22B (-147.4%)
|
-4.14B
est: -2.75B (-50.4%)
|
-1.92B
est: -3.39B (+43.5%)
|
8.69B
est: -4.02B (+316.2%)
|
-4.98B
-5.17B – -4.66B
-23.8% YoY
|
-5.88B
-6.22B – -5.64B
-18.2% YoY
|
-6.94B
-6.95B – -6.92B
-17.9% YoY
|
-7.82B
-8.20B – -7.42B
-12.8% YoY
|
-8.79B
-9.22B – -8.34B
-12.4% YoY
|
| EBIT |
-821.99M
est: -625.56M (-31.4%)
|
-796.07M
est: -987.72M (+19.4%)
|
-2.61B
est: -1.56B (-67.0%)
|
-2.42B
est: -2.45B (+1.4%)
|
-1.38B
est: -3.45B (+60.0%)
|
-9.53B
est: -4.66B (-104.3%)
|
-6.57B
est: -5.38B (-22.1%)
|
-5.47B
est: -6.63B (+17.5%)
|
3.66B
est: -7.85B (+146.5%)
|
-9.73B
-10.10B – -9.11B
-23.8% YoY
|
-11.50B
-12.15B – -11.03B
-18.2% YoY
|
-13.56B
-13.58B – -13.53B
-17.9% YoY
|
-15.29B
-16.03B – -14.51B
-12.8% YoY
|
-17.18B
-18.02B – -16.31B
-12.4% YoY
|
| Net Income |
-842.00M
est: -1.53B (+44.8%)
|
-815.00M
est: -939.47M (+13.2%)
|
-2.57B
est: -2.99B (+13.9%)
|
-2.42B
est: -2.83B (+14.4%)
|
-1.48B
est: -1.10B (-34.7%)
|
-9.45B
est: -9.32B (-1.4%)
|
-6.32B
est: -5.93B (-6.5%)
|
-6.33B
est: -4.04B (-56.7%)
|
1.59B
est: -26.87M (+6,005.7%)
|
418.17M
-1.04B – 2.48B
+1,656.1% YoY
|
3.23B
1.33B – 5.25B
+673.6% YoY
|
7.52B
4.20B – 10.46B
+132.5% YoY
|
12.46B
11.64B – 13.25B
+65.7% YoY
|
15.76B
14.71B – 16.75B
+26.4% YoY
|
| SGA |
2.74B
est: 2.42B (+13.2%)
|
3.49B
est: 3.82B (-8.6%)
|
6.66B
est: 6.04B (+10.3%)
|
10.05B
est: 9.48B (+6.1%)
|
11.88B
est: 13.34B (-10.9%)
|
21.82B
est: 18.02B (+21.1%)
|
25.20B
est: 27.01B (-6.7%)
|
31.67B
est: 33.54B (-5.6%)
|
35.80B
est: 39.70B (-9.8%)
|
49.17B
46.04B – 51.04B
+23.8% YoY
|
58.12B
55.77B – 61.45B
+18.2% YoY
|
68.55B
68.42B – 68.68B
+17.9% YoY
|
77.30B
73.35B – 81.05B
+12.8% YoY
|
86.87B
82.43B – 91.08B
+12.4% YoY
|
| EPS |
-24.80
est: -28.05 (+11.6%)
|
-21.16
est: -17.26 (-22.6%)
|
-58.95
est: -54.90 (-7.4%)
|
-52.07
est: -52.02 (-0.1%)
|
-29.97
est: -20.21 (-48.3%)
|
-176.43
est: -171.30 (-3.0%)
|
-116.98
est: -109.60 (-6.7%)
|
-116.31
est: -72.89 (-59.6%)
|
28.77
est: -0.48 (+6,034.4%)
|
17.70
-18.75 – 44.64
+3,750.4% YoY
|
52.92
24.03 – 94.62
+199.1% YoY
|
135.80
75.59 – 188.35
+156.6% YoY
|
224.50
209.60 – 238.66
+65.3% YoY
|
283.80
264.97 – 301.70
+26.4% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B | 3/5 | 4/5 | 4/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-28 | B | 3/5 | 4/5 | 4/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-27 | B | 3/5 | 4/5 | 4/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-26 | B | 3/5 | 4/5 | 4/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-25 | B | 3/5 | 4/5 | 4/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-22 | B | 3/5 | 4/5 | 4/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-21 | B | 3/5 | 4/5 | 4/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-20 | B | 3/5 | 4/5 | 4/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-19 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-18 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-15 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-14 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-13 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-12 | B | 3/5 | 4/5 | 4/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-11 | B | 3/5 | 4/5 | 4/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-08 | B | 3/5 | 4/5 | 4/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-07 | B | 3/5 | 4/5 | 4/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-05-01 | B | 3/5 | 4/5 | 3/5 | 3/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-30 | B | 3/5 | 4/5 | 3/5 | 3/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-28 | B- | 3/5 | 4/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-27 | B- | 3/5 | 4/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-24 | B- | 3/5 | 4/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-23 | B- | 3/5 | 4/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-22 | B- | 3/5 | 4/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-21 | B- | 3/5 | 4/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-20 | B- | 3/5 | 4/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-17 | B- | 3/5 | 4/5 | 3/5 | 3/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-16 | C+ | 2/5 | 4/5 | 2/5 | 3/5 | 1/5 | 1/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares MSCI Japan Small-Cap ETF SCJ | 0.11% | 294.1K | 0.50% |
| 2 | iShares MSCI Japan Small Cap UCITS ETF IDJP.L | 0.10% | 570.2K | 0.58% |
| 3 | iShares $ Treasury Bond 3-7yr UCITS ETF CBUG.DE | 0.06% | 285.9K | 0.10% |
| 4 | UBS MSCI World Small Cap Socially Responsible UCITS ETF USD acc WSCSRI.SW | 0.05% | 398.9K | 0.23% |
| 5 | UBS MSCI World Small Cap Socially Responsible UCITS ETF USD dis WSCR.L | 0.05% | 398.7K | 0.23% |
| 6 | iShares Currency Hedged MSCI EAFE Small-Cap ETF HSCZ | 0.04% | 87.3K | 0.83% |
| 7 | iShares MSCI EAFE Small-Cap ETF SCZ | 0.04% | 5.26M | 0.40% |
| 8 | Amundi MSCI Robotics & AI UCITS ETF Acc GOAI.MI | 0.03% | 363.9K | 0.40% |
| 9 | Franklin FTSE Japan ETF FLJP | 0.03% | 1.00M | 0.09% |
| 10 | Vanguard FTSE Japan UCITS ETF (USD) Distributing VDJP.L | 0.02% | 979.0K | 0.10% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Chiaki Ishihara | Director, Executive Officer, Group CHO & Head of DEI | — | female |
| Hirokazu Ban | Group Executive Officer & Chief Compliance Officer | — | male |
| Marie Oshioka | Head of IR - Corporate Planning Department | — | female |
| Masakazu Sekita | Group Executive Officer & Chief Legal Officer | — | male |
| Masanobu Takeda | Director, Executive Officer & COO of Business Segment | — | male |
| Shun Matsuoka | Group Executive Officer & Accounting Department Manager | — | male |
| Takuya Nakade | Group Executive Officer, Chief Technology Officer & Director | — | male |
| Tomoyuki Kinoshita | Chief Operating Officer of Money Forward Kessai, Inc. | — | — |
| Toshio Taki | Executive Officer, Group CoPA, Head of Sustainability & Money Forward Institute Economic Research | — | male |
| Yosuke Tsuji | President, Group Chief Executive Officer & Representative Director | — | male |
| Yumiko Nagao | Group Executive Officer, Head of Finance & IR and Head of Corporate Development | — | — |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for 3994.T
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
