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Financial results presentation3994Money Forward,Inc.Information and Communications, Services and Others

Financial Results Presentation for the First Quarter of the Fiscal Year Ending November 2026

In the first quarter of the fiscal year ending November 2026, consolidated revenue excluding the impact of group companies increased 42% year on year, driven by accelerating growth in the Business segment and Fintech-related businesses. Adjusted EBITDA and operating profit reached record highs, and the full-year guidance for company-wide SaaS ARR was revised to ¥49.74 billion–¥52.50 billion.

Worth reading
61In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
42
Year-on-year change (excluding the impact of group companies, %)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending November 20265 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥146.7 100 million
Operating profit¥1.7 100 million
Results for the three months of the current quarter
Net Sales
¥146.7 100 million
Operating profit
¥1.7 100 million
Adjusted EBITDA
¥28.1 100 million
Operating cash flow
¥7 100 million
Full-year earnings forecast
Company-wide SaaS ARR
497.4~525.0
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
A strong start toward achieving guidance
New initiatives
  • Announcement of the release of Money Forward AI Cowork
  • Announcement of Money Forward AI Vision 2026
  • Launch of the remote MCP server for Money Forward Cloud Accounting
  • Launch of the external integration API
Key KPIsA metric the company considers important as a management benchmark.
  • Company-wide SaaS ARR¥443.03 100 million
    Year-on-year (%)34
  • Fintech ARR¥16.8 100 million
    Year-on-year (%)90
  • Business ARR¥337.3 100 million
    Year-on-year (%)37
  • Business ARPA
    Year-on-year (%)12.9
  • Paying business customers
    Year-on-year (%)21.2
  • Business customer churn rate (3-month average)0.8 %
  • Business customer churn rate (12-month average)0.8 %
  • Net increase in business customers9,918 companies
    Year on year against the same period last year+8,914.0%
  • SMB ARR¥171.45 100 million
    Year-on-year (%)32
  • SMB net new ARR¥16.3 100 million
  • Mid-sized company ARR¥165.88 100 million
    Year-on-year (%)42
  • Net increase in mid-sized company customers699 companies
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Paying business customers
    Year-on-year (%)21.2
  • Business ARPA
    Year-on-year (%)12.9
  • Paying sole-proprietor customers
    Year-on-year (%)16
  • Average number of paid products per mid-sized company user2.9 Products
  • Mid-sized company ARPA¥1,162 thousand
Segment results
Business
Net Sales
¥123.8 100 million
Year-on-Year Change in Revenue (%)59
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending November 2026
Net Sales¥146.7 100 million
Operating profit¥1.7 100 million
Results for the three months of the current quarterNet Sales ¥146.7 100 million / Operating profit ¥1.7 100 million / Adjusted EBITDA ¥28.1 100 million / Operating cash flow ¥7 100 million
Full-year earnings forecastCompany-wide SaaS ARR 497.4~525.0
Self-assessment against the planA strong start toward achieving guidance
Segment resultsBusiness Net Sales ¥123.8 100 million / Year-on-Year Change in Revenue (%) 59
Key KPIsIndicator name Company-wide SaaS ARR / Value ¥443.03 100 million / Year-on-year (%) ¥34 100 million, Indicator name Fintech ARR / Value ¥16.8 100 million / Year-on-year (%) ¥90 100 million, Indicator name Business ARR / Value ¥337.3 100 million / Year-on-year (%) ¥37 100 million, Indicator name Business ARPA / Value Not disclosed / Year-on-year (%) ¥12.9 thousand, Indicator name Paying business customers / Value Not disclosed / Year-on-year (%) 21.2 thousand businesses, Indicator name Business customer churn rate (3-month average) / Value 0.8 % / Year-on-year (%) Not disclosed, Indicator name Business customer churn rate (12-month average) / Value 0.8 % / Year-on-year (%) Not disclosed, Indicator name Net increase in business customers / Value 9,918 companies / Year on year against the same period last year 8,914 companies, Indicator name SMB ARR / Value ¥171.45 100 million / Year-on-year (%) ¥32 100 million, Indicator name SMB net new ARR / Value ¥16.3 100 million / Year on year against the same period last year Not disclosed, Indicator name Mid-sized company ARR / Value ¥165.88 100 million / Year-on-year (%) ¥42 100 million, Indicator name Net increase in mid-sized company customers / Value 699 companies / Year on year against the same period last year Not disclosed
Unit price and quantity metricsIndicator name Paying business customers / Value Not disclosed / Year-on-year (%) 21.2 thousand businesses, Indicator name Business ARPA / Value Not disclosed / Year-on-year (%) ¥12.9 thousand, Indicator name Paying sole-proprietor customers / Value Not disclosed / Year-on-year (%) 16 thousand businesses, Indicator name Average number of paid products per mid-sized company user / Value 2.9 Products / Year-on-year (%) Not disclosed, Indicator name Mid-sized company ARPA / Value ¥1,162 thousand / Year-on-year (%) Not disclosed
New initiativesAnnouncement of the release of Money Forward AI Cowork, Announcement of Money Forward AI Vision 2026, Launch of the remote MCP server for Money Forward Cloud Accounting, Launch of the external integration API
Items this document does not state (20)
Ordinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastBreakdown of Factors Affecting the ChangeNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company explained that the Business segment's revenue was driven by the impact of price revisions and the card business. Fintech ARR was primarily driven by the card business, while business ARR benefited from price revisions and STREAMED. The company also stated that the number of business customers increased as a result of initiatives such as campaigns and customer acquisition through large professional-services firms.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Presentation for the First Quarter of the Fiscal Year Ending November 2026 | Money Forward,Inc. (3994) timely disclosure | Komori