Money Forward (3994.T) Stock Price

Money Forward Price

JPX·CLOSED
6,479.00JPY+605.00 (+9.80 %)
Market closed

Revenue has compounded at 60.6% per year over the past 10 years to 50.35 B JPY. Money Forward's net margin stands at 3.3%, up from -9.5% several years earlier. Analysts set a median price target of 4,947.00 JPY, implying 23.6% below the current price. Of 13 analysts, 6 rate the stock a buy — an overall Hold consensus. The stock trades about 134% above its 52-week low.

Money Forward stock price

Volume
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Money Forward over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Money Forward stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Money Forward's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Money Forward Stock Price History
DateMoney Forward Price
8/14/20266,479.00 JPY
8/13/20265,874.00 JPY
8/12/20265,676.00 JPY
8/10/20265,416.00 JPY
8/7/20265,396.00 JPY
8/6/20265,335.00 JPY
8/5/20265,145.00 JPY
8/4/20265,079.00 JPY
8/3/20265,153.00 JPY
7/31/20265,447.00 JPY
7/30/20265,371.00 JPY
7/29/20265,947.00 JPY
7/28/20265,665.00 JPY
7/27/20265,648.00 JPY
7/24/20265,407.00 JPY
7/23/20265,116.00 JPY
7/22/20265,325.00 JPY
7/21/20265,438.00 JPY
7/17/20265,334.00 JPY
7/16/20265,250.00 JPY
7/15/20264,803.00 JPY
7/14/20264,739.00 JPY
7/13/20264,908.00 JPY
7/10/20265,004.00 JPY
7/9/20264,982.00 JPY
7/8/20264,931.00 JPY
7/7/20264,858.00 JPY
7/6/20264,699.00 JPY
7/3/20264,450.00 JPY
7/2/20264,432.00 JPY
7/1/20264,133.00 JPY
6/30/20264,324.00 JPY
6/29/20264,290.00 JPY
6/26/20263,977.00 JPY
6/25/20263,976.00 JPY
6/24/20263,959.00 JPY
6/23/20264,057.00 JPY
6/22/20264,242.00 JPY
6/19/20264,252.00 JPY
6/18/20264,184.00 JPY
6/17/20263,972.00 JPY
6/16/20263,905.00 JPY
6/15/20264,065.00 JPY
6/12/20263,841.00 JPY
6/11/20263,938.00 JPY
6/10/20264,002.00 JPY
6/9/20264,013.00 JPY
6/8/20264,123.00 JPY
6/5/20264,222.00 JPY
6/4/20264,256.00 JPY
6/3/20264,300.00 JPY
6/2/20264,513.00 JPY
6/1/20264,612.00 JPY
5/29/20264,553.00 JPY
5/28/20264,118.00 JPY
5/27/20264,233.00 JPY
5/26/20264,379.00 JPY
5/25/20264,237.00 JPY
5/22/20264,275.00 JPY
5/21/20264,354.00 JPY
5/20/20264,380.00 JPY
5/19/20264,491.00 JPY
5/18/20264,052.00 JPY
5/15/20264,375.00 JPY
5/14/20264,217.00 JPY
5/13/20264,507.00 JPY
5/12/20264,441.00 JPY
5/11/20264,441.00 JPY
5/8/20264,736.00 JPY
5/7/20264,641.00 JPY
5/1/20264,721.00 JPY
4/30/20264,725.00 JPY
4/28/20264,705.00 JPY
4/27/20264,585.00 JPY
4/24/20264,921.00 JPY
4/23/20264,897.00 JPY
4/22/20265,600.00 JPY
4/21/20265,751.00 JPY
4/20/20265,180.00 JPY
4/17/20265,000.00 JPY
4/16/20265,118.00 JPY
4/15/20264,577.00 JPY
4/14/20263,877.00 JPY
4/13/20263,600.00 JPY
4/10/20263,607.00 JPY
4/9/20263,860.00 JPY
4/8/20263,946.00 JPY
4/7/20263,829.00 JPY
4/6/20263,710.00 JPY
4/3/20263,683.00 JPY
4/2/20263,580.00 JPY
4/1/20263,622.00 JPY
3/31/20263,472.00 JPY
3/30/20263,376.00 JPY
3/27/20263,582.00 JPY
3/26/20263,564.00 JPY
3/25/20263,642.00 JPY
3/24/20263,343.00 JPY
3/23/20263,116.00 JPY
3/19/20263,091.00 JPY
3/18/20263,144.00 JPY
3/17/20263,090.00 JPY
3/16/20263,196.00 JPY
3/13/20263,216.00 JPY
3/12/20263,294.00 JPY
3/11/20263,396.00 JPY
3/10/20263,547.00 JPY
3/9/20263,759.00 JPY
3/6/20263,698.00 JPY
3/5/20263,383.00 JPY
3/4/20263,120.00 JPY
3/3/20262,995.00 JPY
3/2/20263,083.00 JPY
2/27/20263,190.00 JPY
2/26/20263,158.00 JPY
2/25/20262,886.00 JPY
2/24/20262,763.50 JPY
2/20/20263,052.00 JPY
2/19/20263,301.00 JPY
2/18/20263,359.00 JPY
2/17/20263,282.00 JPY
2/16/20263,322.00 JPY
2/13/20263,093.00 JPY
2/12/20263,263.00 JPY
2/10/20263,300.00 JPY
2/9/20263,195.00 JPY
2/6/20263,298.00 JPY
2/5/20263,501.00 JPY
2/4/20263,347.00 JPY
2/3/20263,681.00 JPY
2/2/20263,735.00 JPY
1/30/20263,903.00 JPY
1/29/20263,980.00 JPY
1/28/20264,140.00 JPY
1/27/20264,229.00 JPY
1/26/20264,114.00 JPY
1/23/20264,141.00 JPY
1/22/20264,184.00 JPY
1/21/20264,322.00 JPY
1/20/20264,284.00 JPY
1/19/20264,440.00 JPY
1/16/20264,748.00 JPY
1/15/20265,186.00 JPY
1/14/20264,575.00 JPY
1/13/20264,650.00 JPY
1/9/20264,669.00 JPY
1/8/20264,628.00 JPY
1/7/20264,518.00 JPY
1/6/20264,595.00 JPY
1/5/20264,673.00 JPY
12/30/20254,668.00 JPY
12/29/20254,692.00 JPY
12/26/20254,603.00 JPY
12/25/20254,600.00 JPY
12/24/20254,450.00 JPY
12/23/20254,383.00 JPY
12/22/20254,358.00 JPY
12/19/20254,416.00 JPY
12/18/20254,288.00 JPY
12/17/20254,183.00 JPY
12/16/20254,183.00 JPY
12/15/20254,353.00 JPY
12/12/20254,215.00 JPY
12/11/20254,098.00 JPY
12/10/20254,061.00 JPY
12/9/20253,919.00 JPY
12/8/20254,137.00 JPY
12/5/20254,093.00 JPY
12/4/20254,258.00 JPY
12/3/20254,163.00 JPY
12/2/20254,157.00 JPY
12/1/20254,137.00 JPY
11/28/20254,174.00 JPY
11/27/20254,303.00 JPY
11/26/20254,257.00 JPY
11/25/20254,175.00 JPY
11/21/20254,155.00 JPY
11/20/20254,051.00 JPY
11/19/20253,994.00 JPY
11/18/20253,995.00 JPY
11/17/20254,072.00 JPY
11/14/20254,043.00 JPY
11/13/20254,302.00 JPY
11/12/20254,364.00 JPY
11/11/20254,293.00 JPY
11/10/20254,307.00 JPY
11/7/20254,271.00 JPY
11/6/20254,250.00 JPY
11/5/20254,329.00 JPY
11/4/20254,411.00 JPY
10/31/20254,500.00 JPY
10/30/20254,420.00 JPY
10/29/20254,588.00 JPY
10/28/20254,673.00 JPY
10/27/20254,718.00 JPY
10/24/20254,790.00 JPY
10/23/20254,789.00 JPY
10/22/20254,993.00 JPY
10/21/20255,100.00 JPY
10/20/20255,150.00 JPY
10/17/20255,106.00 JPY
10/16/20255,254.00 JPY
10/15/20255,521.00 JPY
10/14/20255,405.00 JPY
10/10/20255,508.00 JPY
10/9/20255,614.00 JPY
10/8/20255,627.00 JPY
10/7/20255,702.00 JPY
10/6/20255,765.00 JPY
10/3/20255,526.00 JPY
10/2/20255,498.00 JPY
10/1/20255,952.00 JPY
9/30/20255,987.00 JPY
9/29/20256,009.00 JPY
9/26/20256,023.00 JPY
9/25/20256,000.00 JPY
9/24/20255,989.00 JPY
9/22/20256,103.00 JPY
9/19/20256,121.00 JPY
9/18/20256,186.00 JPY
9/17/20256,192.00 JPY
9/16/20256,143.00 JPY
9/12/20256,192.00 JPY
9/11/20256,111.00 JPY
9/10/20256,420.00 JPY
9/9/20256,452.00 JPY
9/8/20256,291.00 JPY
9/5/20256,248.00 JPY
9/4/20256,268.00 JPY
9/3/20256,165.00 JPY
9/2/20256,261.00 JPY
9/1/20256,440.00 JPY
8/29/20256,468.00 JPY
8/28/20256,409.00 JPY
8/27/20256,302.00 JPY
8/26/20256,477.00 JPY
8/25/20256,536.00 JPY
8/22/20256,516.00 JPY
8/21/20256,411.00 JPY
8/20/20256,540.00 JPY
8/19/20256,680.00 JPY
8/18/20256,636.00 JPY
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Money Forward Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2022
21.48 B JPY
-8.47 B JPY
-9.45 B JPY
Jan 1, 2023
30.38 B JPY
-6.33 B JPY
-6.32 B JPY
Jan 1, 2024
40.36 B JPY
-4.74 B JPY
-6.33 B JPY
Jan 1, 2025
50.35 B JPY
-3.19 B JPY
1.68 B JPY
Jan 1, 2026 (e)
60.50 B JPY
-9.82 B JPY
703.44 M JPY
Jan 1, 2026 (e)
57.30 B JPY
0.00 JPY
0.00 JPY
Jan 1, 2027 (e)
68.87 B JPY
0.00 JPY
5.58 B JPY
Jan 1, 2028 (e)
80.79 B JPY
0.00 JPY
10.59 B JPY

Money Forward Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 17, 2026, 11:14 AM
 
REVENUEB JPY
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB JPY
EBITB JPY
EBIT MARGIN%
NET INCOMEB JPY
NET INCOME GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e
0.441.542.904.597.1611.3215.6321.4830.3840.3650.3557.3068.8780.79
–249.6688.0058.4755.7758.1638.1237.3941.4532.8624.74-5.2920.2017.31
2.4952.4066.9260.5660.4267.3069.2062.3862.8167.0467.9967.9967.9967.99
0.010.811.942.784.327.6210.8213.4019.0827.0634.2338.9546.8254.92
-1.12-0.88-0.80-0.80-2.45-2.80-1.06-8.47-6.33-4.74-3.19-9.82––
-253.97-56.81-27.49-17.33-34.18-24.77-6.79-39.43-20.83-11.73-6.34-16.22––
-1.14-0.89-0.84-0.82-2.57-2.42-1.48-9.45-6.32-6.331.680.705.5810.59
–-22.24-5.18-3.21215.58-5.79-38.84537.58-33.170.24-126.54-58.15–89.84
29.2632.2133.9638.5243.6346.5349.4553.5653.9854.4255.5455.5455.5455.54
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Money Forward generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Money Forward retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Money Forward's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Money Forward has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Money Forward's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Money Forward stock margins

The Money Forward margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Money Forward. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Money Forward.

  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
69.21 %
-6.80 %
-9.48 %
Jan 1, 2022
62.38 %
-39.43 %
-44.00 %
Jan 1, 2023
62.81 %
-20.83 %
-20.79 %
Jan 1, 2024
67.04 %
-11.73 %
-15.68 %
Jan 1, 2025
67.99 %
-6.34 %
3.34 %
Jan 1, 2026 (e)
67.99 %
-16.22 %
1.16 %
Jan 1, 2026 (e)
67.99 %
0.00 %
0.00 %
Jan 1, 2027 (e)
67.99 %
0.00 %
8.10 %

Money Forward Stock Revenue, EBIT, Earnings per Share

The Money Forward earnings per share therefore indicates how much revenue Money Forward has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
316.12 JPY
-21.48 JPY
-29.97 JPY
Jan 1, 2022
401.02 JPY
-158.14 JPY
-176.44 JPY
Jan 1, 2023
562.79 JPY
-117.26 JPY
-116.98 JPY
Jan 1, 2024
741.68 JPY
-87.01 JPY
-116.32 JPY
Jan 1, 2025
906.60 JPY
-57.51 JPY
30.26 JPY
Jan 1, 2026 (e)
1,089.32 JPY
-176.73 JPY
12.67 JPY
Jan 1, 2026 (e)
1,031.65 JPY
0.00 JPY
0.00 JPY
Jan 1, 2027 (e)
1,240.01 JPY
0.00 JPY
100.45 JPY

Money Forward business model & stock analysis

Money Forward Inc. is a Japanese company that was founded in 2012. The company is headquartered in Tokyo and is an online platform that offers various financial services. The founder and CEO, Yosuke Tsuji, had the vision to improve people's financial health and solve their financial problems by creating a user-friendly online platform that makes managing finances easier and more convenient. The business model of Money Forward is focused on a fee-based membership platform. Users can subscribe to various services on the platform, including accounting, tax advice, investments, and insurance. The accounting division is one of the company's main pillars. Money Forward provides its customers with an innovative accounting system that simplifies business processes and reduces costs. The accounting system is user-friendly and intuitive, giving customers an overview of their finances and business development. The platform also offers features such as invoicing, receipt tracking, and bookkeeping. The goal is to automate accounting processes in a simple and cost-effective manner. Another division that Money Forward offers is tax advice. With the platform, users can submit their tax returns electronically and quickly receive a refund. The platform also provides tax calculators, document templates, and advisory services. Money Forward is also active in the investment division, offering customers the opportunity to invest their finances. The platform provides a portfolio management tool that allows users to manage their portfolio and reduce their risk. With the platform, users can trade stocks, funds, and ETFs. Another product is called "robo-investing," an automated investment platform where an algorithm automatically makes investments based on the user's investment preferences. Another important division of Money Forward is the insurance division. The platform offers a wide range of insurances, including travel insurance, car insurance, life insurance, and health insurance. The platform works with insurance companies to ensure quick processing and optimal customer service. Overall, Money Forward has built a comprehensive range of services in recent years to improve people's financial health. The platform serves over 5.5 million users and debuted on the Tokyo Stock Exchange in September 2020. The company's goal is to expand its presence in Japan and achieve a leading position in the Asia-Pacific region.

Money Forward SWOT Analysis

Strengths

Money Forward Inc has established a strong brand presence in the financial technology industry, particularly in Japan. The company's software solutions are highly regarded for their efficiency and accuracy in managing personal finances and providing budgeting insights.

The company benefits from a large user base and a network effect, as more users join the platform, providing valuable data and enhancing the overall user experience. This has enabled Money Forward Inc to continuously refine and improve its offerings.

Weaknesses

One weakness of Money Forward Inc is its heavy reliance on the Japanese market. While it has enjoyed significant success in its home country, expanding internationally and diversifying its revenue sources could be challenging.

Additionally, the company faces competition from both traditional financial institutions and emerging fintech startups. Staying ahead in an increasingly crowded and rapidly evolving market requires continuous innovation and adaptation.

Opportunities

Money Forward Inc has the opportunity to leverage its expertise and expand into adjacent financial technology services, such as investment management, insurance, or even digital banking. This can help the company establish new revenue streams and increase its market share.

Moreover, there is a growing demand for improved financial literacy and personal finance management tools globally. Money Forward Inc can capitalize on this trend by expanding its services to other markets and catering to the needs of a wider audience.

Threats

One of the primary threats facing Money Forward Inc is the potential entry of large technology giants, such as Google or Apple, into the financial services sector. They have the resources and brand recognition to quickly disrupt the market dynamics and pose a significant challenge to existing players.

Furthermore, the regulatory landscape surrounding fintech is constantly evolving. Changes in regulations or compliance requirements can impact Money Forward Inc's operations and add additional complexity and costs to its business.

Money Forward Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Money Forward historical P/E ratio, EBIT multiple, and P/S ratio

Money Forward annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Money Forward shares outstanding

The number of shares of Money Forward was 55.54 M in 2025. This indicates how many shares Money Forward is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
49.45 M Stocks
Jan 1, 2022
53.56 M Stocks
Jan 1, 2023
53.98 M Stocks
Jan 1, 2024
54.42 M Stocks
Jan 1, 2025
55.54 M Stocks
Jan 1, 2026 (e)
55.54 M Stocks
Jan 1, 2026 (e)
55.54 M Stocks
Jan 1, 2027 (e)
55.54 M Stocks

Money Forward stock splits

In Money Forward's history, there have been no stock splits.

Current Money Forward forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
46.15 % (6)
Hold
53.85 % (7)
Sell
0.00 % (0)
12M Price Target
4,947.00
Last Price
6,160.00
Currency
JPY
12M Return Potential
-19.69 %
LTM Return
0 %

Money Forward Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
4/12/2024-22.44JPY-9.16 BJPY-2024 Q1
1/12/2024-28.67JPY-9.36 BJPY-2023 Q4
1/14/2022-13.38JPY-4.37 BJPY-2021 Q4
10/15/2021-9.04JPY-3.93 BJPY-2021 Q3
7/15/2021-JPY-3.81 BJPY-2021 Q2
4/13/2021-JPY-3.44 BJPY-2021 Q1
1/14/2021-JPY-3.21 BJPY-2020 Q4
10/15/2020-JPY-2.93 BJPY-2020 Q3
7/15/2020-JPY-2.67 BJPY-2020 Q2
4/14/2020-JPY-2.32 BJPY-2020 Q1

EESG©

Eulerpool ESG Scorecard© for the Money Forward stock

47/100
10
Environment
55
Social
78
Governance
E

Environment

20
Scope 1 - Direct Emissions—
Scope 2 - Indirect emissions from purchased energy327
Scope 3 - Indirect emissions within the value chain—
Total CO₂ emissions327
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees34.3
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Money Forward shareholder structure

% Name
9.52889%
ValueAct Capital Management, L.P.
ValueAct Capital Management, L.P.
6.17903%
GCQ Funds Management Pty Limited
GCQ Funds Management Pty Limited
5.27230%
Artisan Partners Limited Partnership
Artisan Partners Limited Partnership
3.06757%
Capital World Investors
Capital World Investors
2.61340%
Nomura Asset Management Co., Ltd.
Nomura Asset Management Co., Ltd.
2.51529%
The Vanguard Group, Inc.
The Vanguard Group, Inc.

Money Forward Beneficial Ownership Filings (SEC 13D/G)

Free Float
56.4%
Float Shares
-
Shares Outstanding
-

Money Forward Executives and Management Board

35 members · avg. age 47 · 14 % women

Management

YT

Mr. Yosuke Tsuji (48)

President, Group Chief Executive Officer, President of Subsidiary, Representative Director · since 2012

–
YN

Ms. Yumiko Nagao

Executive Officer, Group Chief Financial Officer, Deputy Chief Director of Corporate Development

–
CI

Ms. Chiaki Ishihara (37)

Executive Officer, Group Chief Human Officer, Chief Director in Main People Forward Unit, Director · since 2023

–
TN

Mr. Takuya Nakade (47)

Executive Officer, Group Chief Technology Officer, Director · since 2017

–
SM

Mr. Shun Matsuoka

Executive Officer, Group Chief Accounting Officer, Chief Director of Accounting

–
MM

Mr. Masayuki Matsuhisa

Executive Officer, Group Chief Information Security Officer, Group Chief Information Officer, Chief Director of Global IT, Manager of CISO Office

–

Board of Directors

YK

Ms. Yukino Kikuma (53)

Independent Director

–
AK

Dr. Akira Kurabayashi (49)

Independent Director

–
GM

Mr. Gen Miyazawa (43)

Independent Director

–
RS

Mr. Ryu Suliawan (40)

Independent Director

–
MT

Mr. Masaaki Tanaka (70)

Independent Director

–
HY

Mr. Hiroaki Yastake (54)

Independent Director

–

Frequently asked questions about Money Forward

Money Forward Inc is a Japanese technology company that provides financial management and budgeting solutions. Its business model involves offering cloud-based software and mobile applications to help individuals and businesses manage their finances effectively. Money Forward's platform enables users to track their income, expenses, and investments, providing insights for personalized financial planning. With a focus on providing user-friendly and secure services, Money Forward Inc also offers financial management tools for small businesses and accounting professionals. Through its innovative solutions, Money Forward Inc aims to empower individuals and businesses in achieving their financial goals.

Money Forward Inc is primarily active in the financial technology industry.

The main competitors of Money Forward Inc in the market include Intuit Inc, Quicken Inc, and Personal Capital Corporation.

Money Forward Inc. is a Japanese fintech company that was founded in 2012. It provides innovative software services for personal financial management, targeting individuals and businesses. Money Forward's popular cloud-based platform offers various features like expense tracking, budgeting tools, tax calculation, and invoice management, all aimed at helping users manage their financial health effectively. The company has grown rapidly since its inception, establishing a strong presence in Japan's financial industry. Money Forward Inc. continues to develop new features and expand its services, contributing to the digital transformation of personal finance management in Japan.

Money Forward Inc has achieved several significant milestones in its history. One of the notable achievements includes the company's successful IPO on the Tokyo Stock Exchange in September 2017. This marked a crucial milestone for Money Forward Inc as it became a publicly-traded company, enhancing its visibility and increasing investor confidence. Additionally, the company's continuous growth and expanding user base have been impressive milestones. Money Forward Inc's commitment to innovation and its comprehensive suite of financial services have solidified its position as a leading provider in the industry. Through its dedication to financial technology solutions, Money Forward Inc has established itself as a prominent player in the market.

Money Forward Inc is primarily present in Japan.

Money Forward Inc is a leading provider of cloud-based financial management and accounting services in Japan. With a strong emphasis on technological innovation, the company aims to simplify and optimize financial processes for individuals and businesses. Money Forward Inc's corporate philosophy centers around empowering users with secure and user-friendly financial solutions. The company values transparency, integrity, and customer satisfaction, reflected in its commitment to providing accurate and reliable financial information. With its cutting-edge technology, Money Forward Inc continues to revolutionize and transform the way people manage their finances, fostering financial well-being and growth for individuals and businesses alike.

Analysts currently set an average price target of 5,309.67 JPY for the Money Forward stock (median: 4,947.00 JPY), implying -13.8 % versus the latest price. The consensus is based on 13 analyst ratings.

Money Forward Analyst Price Targets 2026

13 analysts currently rate the Money Forward stock: 5 recommend buying, 8 holding and 0 selling. For 2026, analysts expect Money Forward to generate revenue of 60.50 B JPY and earnings per share of 12.67 JPY.

Money Forward Analyst Price Targets 2026

Converted at the current exchange rate, the Money Forward share trades at 35.17 EUR (6,479.00 JPY).

The Money Forward share (3994.T) is listed on 3 stock exchanges, including: Frankfurt (47D.F), München (47D.MU).

Money Forward Inc is a Japanese company that provides an online platform for financial management. It was founded in 2012 and has since become one of the leading financial platforms in Japan. The platform offers various products and services tailored to the needs of individuals, small and medium-sized businesses. The main products of Money Forward Inc are Money Forward ME, Money Forward Pro, and Money Forward Kashite. Money Forward ME is a free app for individual customers who want to manage their finances. The app offers digital budgeting, automated expense analysis and categorization, monthly budgeting, and payment scheduling. Users can also integrate and manage their bank accounts, credit cards, investments, and pension accounts in the app. Money Forward Pro is a paid platform for small and medium-sized businesses. The platform offers cloud-based accounting and financial management, helping businesses manage their bookkeeping, payroll, taxes, and VAT. Money Forward Pro also provides various features to support management decisions such as financial analysis, cash flow management, and project management. Money Forward Kashite is another paid product of Money Forward Inc, specifically designed for freelancers and sole proprietors. The platform offers accounting and tax services, invoice creation and management, and automated payment processing. These products and services are offered through the Money Forward platform, which enables comprehensive financial management. Money Forward also has partnerships with banks and financial institutions to provide additional support to users. Users can link their bank accounts and credit cards to the Money Forward app to have a complete view of their finances. Additionally, the company works with insurance companies to offer insurance to users. The business model of Money Forward Inc is based on a subscription model. Users can subscribe to the various products and services of Money Forward and pay either monthly or annually. Prices vary depending on the product and subscription plan. The company also generates revenue from partnerships with banks and insurance companies, as well as fees for payment services. Overall, Money Forward Inc offers a unique and comprehensive platform for financial management tailored to the needs of individual customers, small and medium-sized businesses, and freelancers. With its various products and services, as well as a strong network of partners, the company is well positioned to continue growing and maintain its position as one of the leading providers of financial management platforms in Japan.

The expected revenue of Money Forward is 60.50 B JPY. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Money Forward is 703.44 M JPY. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Money Forward is currently 511.53. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Money Forward stock.

The price-to-sales ratio (P/S) of Money Forward is currently 5.95. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Money Forward stock.

The Eulerpool Quality Score for Money Forward is 4/10.

The ISIN of Money Forward is JP3869960009. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Money Forward is A2DXY2. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Money Forward is 3994.T. The ticker symbol is used to trade Money Forward shares on the stock exchange.

Money Forward paid dividends every year for the past 0 years.

Money Forward is assigned to the 'Information technology' sector.

The dividends of Money Forward are distributed in JPY.

All fundamentals and in-depth analysis of Money Forward

Our stock analysis for Money Forward stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Money Forward. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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