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Money Forward
Money Forward (3994) investor relations material
Money Forward Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary14 Jan, 2026
Executive summary
Net sales for FY11/25 reached ¥50.35bn, up 25% YoY, surpassing guidance, with SaaS ARR up 31.1% to ¥39.33bn.
Adjusted EBITDA hit ¥4.96bn, exceeding guidance, and the company achieved its first-ever full-year profitability, with profit attributable to owners at ¥1.59bn.
Operating loss narrowed to ¥2.65bn from ¥4.74bn, and comprehensive income reached ¥2.46bn, a significant turnaround from the previous year.
Accelerated SaaS ARR and Business segment ARR growth, with new AI-native products and expansion into the digital worker market.
Divestments and strategic acquisitions, including SMARTCAMP Co., Ltd. and Cashmo, Inc., shaped the year.
Financial highlights
Consolidated net sales grew 25% YoY to ¥50.35bn, with gross profit at ¥34.23bn and gross margin for back-office SaaS at 87%.
Adjusted EBITDA was ¥4.96bn (margin 9.9%), and basic EPS rebounded to ¥28.78 from a loss of ¥116.32.
Total assets increased to ¥127.57bn, net assets to ¥55.87bn, and cash and cash equivalents at year-end were ¥40.93bn.
Operating profit was ¥2.65bn, and profit attributable to owners was ¥1.59bn, both above guidance.
SaaS ARR reached ¥39.33bn (+31% YoY), with corporate ARR in Business segment up 36% YoY.
Outlook and guidance
FY11/26 revenue guidance: ¥53.4–57.55bn (+17.5–26.6% YoY); SaaS ARR: ¥47.5–49.8bn (+20.8–26.6% YoY).
Adjusted EBITDA guidance: ¥8.0–10.0bn; Business segment EBITDA margin target: 12–19%.
Medium- to long-term targets: FY11/28 net sales ¥90bn+, EBITDA ¥27bn+, Business CF ¥18bn+.
Operating profit guidance for FY26 ranges from a loss of ¥2.5bn to a profit of ¥0.5bn.
Excluding divested subsidiaries, net sales growth forecast is 17.5–26.6% YoY.
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Next Money Forward earnings date
Q1 202613 Apr, 2026
Money Forward
Next Money Forward earnings date
Q1 202613 Apr, 2026
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Money Forward Inc. is a Japan-based company that provides financial software and services for individuals and businesses. The company offers cloud-based solutions for personal finance management, household budgeting, and corporate accounting. Its products include tools for expense tracking, invoicing, payroll, and tax management, aiming to streamline financial operations and enhance efficiency. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.
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