Komori
Earnings3994Money Forward,Inc.Information and Communications, Services and Others

Summary of Financial Results for the Third Quarter of the Fiscal Year Ending November 2026 [Japanese GAAP] (Consolidated)

For the cumulative third quarter of the fiscal year ending November 2026, revenue increased 32.9% year on year, while operating income, ordinary income and net income attributable to owners of the parent all moved from loss to profit. The full-year earnings forecast and dividend forecast remain unchanged.

Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
32.9
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

Third quarter1 December 2025 to 31 August 2026ConsolidatedJapanese GAAP
Net Sales46,908¥ millionYear on year +32.9%Progress 75.3%
Operating profit1,686¥ millionProgress 112.4%
Ordinary income328¥ millionProgress 14.9%
Net income attributable to owners of the parent498¥ millionProgress 15.6%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥8.99
Financial position at period-end
Total assets139,353¥ million
of which net assets 58,470 ¥ millionEquity ratio 29.7%vs. prior year-end -2.3pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Segment revenueBusiness Current fiscal year ¥37,519,987 thousand / Prior-year period ¥24,943,045 thousand / yoy_pct Not disclosed / Home Current fiscal year ¥3,958,461 thousand / Prior-year period ¥3,489,588 thousand / yoy_pct Not disclosed / X Current fiscal year ¥2,991,185 thousand / Prior-year period ¥2,270,874 thousand / yoy_pct Not disclosed / Finance Current fiscal year ¥2,136,591 thousand / Prior-year period ¥892,995 thousand / yoy_pct Not disclosed
Segment profitBusiness Current fiscal year ¥2,050,874 thousand / Prior-year period ¥-990,902 thousand / yoy_pct Not disclosed / Home Current fiscal year ¥966,829 thousand / Prior-year period ¥685,509 thousand / yoy_pct Not disclosed / X Current fiscal year ¥375,018 thousand / Prior-year period ¥235,809 thousand / yoy_pct Not disclosed / Finance Current fiscal year ¥1,459,742 thousand / Prior-year period ¥186,905 thousand / yoy_pct Not disclosed
Outlook and shareholder returns
Full-year earnings forecast
Net Sales60,500～62,300
Operating profit△500～1,500
Ordinary income△2,200～△200
Net income△3,200～△700
Annual Dividend Forecast¥0.00 → ¥0.00
Factors Behind Changes in Business Performance

Firm demand for operational efficiency driven by labor shortages, growth in new users, paying customers and ARPA, price revisions, enhanced functionality and stronger integration between products, expansion of the sales and marketing organization, the development and release of AI features, increased use of business cards, and the sale of shares in investees.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 Yes見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 4 / Company name HIRAC FUND3号投資事業有限責任組合, Money Forward GRG LLC, マネーフォワードAIバックオフィス株式会社, HIRAC FUND3号SLP組合 / Excluded Number of companies 3 / Company name 株式会社ナレッジラボ, 株式会社Biz Forward, 株式会社シンクフォワード
Material subsequent eventsNot applicable.
Impairment loss¥228,957 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥7,072 thousand / Gain on sale of investment securities ¥2,429,444 thousand / Gain on changes in equity interests ¥362,802 thousand / Other ¥9,876 thousand / Total ¥2,809,195 thousand / Extraordinary loss Impairment loss ¥228,957 thousand / Loss related to unauthorized access response ¥83,402 thousand / Provision for loss related to unauthorized access response ¥8,730 thousand / Other ¥1,404 thousand / Total ¥322,493 thousand
Depreciation and amortization¥5,162,277 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and securities analysts)
Issued Shares at Period-End55,702,614
Treasury Shares at Period-End243,721
Results for this period
ItemDetails
Fiscal Period ClassificationThird quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 December 2025 to 31 August 2026
Net Sales¥46,908 million (YoY +32.9%)
Operating profit¥1,686 million
Ordinary income¥328 million
Profit attributable to owners of the parent¥498 million
Net income per share¥8.99
Equity ratioEnd of the current fiscal period 29.7 / End of previous period 32
Total assets¥139,353 million
Net assets¥58,470 million
Full-year earnings forecastNet Sales 60,500～62,300 / Operating profit △500～1,500 / Ordinary income △2,200～△200 / Net income △3,200～△700
Annual Dividend Forecast¥0.00 → ¥0.00
Segment revenueBusiness Current fiscal year ¥37,519,987 thousand / Prior-year period ¥24,943,045 thousand / yoy_pct Not disclosed / Home Current fiscal year ¥3,958,461 thousand / Prior-year period ¥3,489,588 thousand / yoy_pct Not disclosed / X Current fiscal year ¥2,991,185 thousand / Prior-year period ¥2,270,874 thousand / yoy_pct Not disclosed / Finance Current fiscal year ¥2,136,591 thousand / Prior-year period ¥892,995 thousand / yoy_pct Not disclosed
Segment profitBusiness Current fiscal year ¥2,050,874 thousand / Prior-year period ¥-990,902 thousand / yoy_pct Not disclosed / Home Current fiscal year ¥966,829 thousand / Prior-year period ¥685,509 thousand / yoy_pct Not disclosed / X Current fiscal year ¥375,018 thousand / Prior-year period ¥235,809 thousand / yoy_pct Not disclosed / Finance Current fiscal year ¥1,459,742 thousand / Prior-year period ¥186,905 thousand / yoy_pct Not disclosed
Depreciation and amortization¥5,162,277 thousand
Impairment loss¥228,957 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥7,072 thousand / Gain on sale of investment securities ¥2,429,444 thousand / Gain on changes in equity interests ¥362,802 thousand / Other ¥9,876 thousand / Total ¥2,809,195 thousand / Extraordinary loss Impairment loss ¥228,957 thousand / Loss related to unauthorized access response ¥83,402 thousand / Provision for loss related to unauthorized access response ¥8,730 thousand / Other ¥1,404 thousand / Total ¥322,493 thousand
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards No / Other changes Yes / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 4 / Company name HIRAC FUND3号投資事業有限責任組合, Money Forward GRG LLC, マネーフォワードAIバックオフィス株式会社, HIRAC FUND3号SLP組合 / Excluded Number of companies 3 / Company name 株式会社ナレッジラボ, 株式会社Biz Forward, 株式会社シンクフォワード
Material subsequent eventsNot applicable.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and securities analysts)
Issued Shares at Period-End55,702,614
Treasury Shares at Period-End243,721
Factors Behind Changes in Business PerformanceFirm demand for operational efficiency driven by labor shortages, growth in new users, paying customers and ARPA, price revisions, enhanced functionality and stronger integration between products, expansion of the sales and marketing organization, the development and release of AI features, increased use of business cards, and the sale of shares in investees.
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog

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.

Demand for operational efficiency remained firm against a backdrop of labor shortages, driving growth in new users, paying customers and ARPA. Price revisions, enhanced functionality, stronger integration between products, expansion of the sales and marketing organization, the development and release of AI features, and increased use of business cards contributed to higher revenue. In the Finance segment, the sale of shares in investees also contributed to revenue.

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.
Summary of Financial Results for the Third Quarter of the Fiscal Year Ending November 2026 [Japanese GAAP] (Consolidated) | Money Forward,Inc. (3994) timely disclosure | Komori