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Money Forward (3994) · FactAdvanced

Recurring Revenue Driven by Growth in Paid Users

First written in FY2016. 22 of 27 entries say "Advanced", first in FY2020-Q1. Latest entry: 2026-10-15.

27entries
10years
5from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016 – FY2017AdvancedFY2021 – FY2026-H12017: 120172018: 120182019: 020192020: 220202021: 320212022: 420222023: 420232024: 320242025: 220252026: 72026
Same theme, other companies
Subscription/Recurring Revenue Base and KPI ManagementA theme 113 companies write about · 2 as a headwind · 152 as a tailwind

65 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 113 companies compared. The sentences above are computed from all 113.
Full recordFilings, disclosures and news, newest first
  2. FY2026-H1AdvancedAnnual report

    「SaaS ARR (Note 7) was ¥47,669 million, up 34.2% year on year. In particular, in the Business segment, growth in the number of paying customers and ARPA resulted in SaaS ARR of ¥36,765 million for corporate customers, up 36.4% year on year, and ¥3,124 million for sole-proprietor customers, up 19.2%.」

    SaaS ARR, a recurring revenue stream, was ¥47,669 million, up 34.2% year on year, and ARR for corporations and sole proprietors also increased.
  3. FY2025AdvancedAnnual report

    「SaaS ARR was ¥39,333 million, up 31.1% year on year, accelerating growth.」

    SaaS ARR, a recurring revenue stream, increased from ¥30,003 million to ¥39,333 million, up 31.1% year on year.
  4. FY2025-H1AdvancedAnnual report

    「SaaS ARR (Note 7) was ¥34,433 million, up 28.3% year on year. In particular, in the Business domain, growth in the number of paying customers and ARPA resulted in SaaS ARR of ¥26,958 million for corporate customers, up 33.8% year on year, and ¥2,622 million for sole-proprietor customers, up 16.4%.」

    SaaS ARR, a recurring revenue stream, was ¥34,433 million, up 28.3% year on year, and ARR for corporations and sole proprietors also increased.
  5. FY2024AdvancedAnnual report

    「SaaS ARR (Note 6) was ¥30,003 million, representing substantial growth of 29.6% year on year.」

    SaaS ARR increased from ¥23,146 million in the previous fiscal year to ¥30,003 million, up 29.6% year on year.
  6. FY2024-Q2AdvancedAnnual report

    「SaaS ARR (Note 6) was ¥26,835 million, up 35.1% year on year.」

    SaaS ARR, a recurring revenue stream, was ¥26,835 million, up 35.1% year on year.
  7. FY2024-Q1AdvancedAnnual report

    「SaaS ARR (Note 6) was ¥25,500 million, up 39.5% year on year.」

    SaaS ARR, a recurring revenue stream, was ¥25,500 million, up 39.5% year on year.
  8. FY2023AdvancedAnnual report

    「SaaS ARR was ¥23,146 million, up 42.0% year on year.」

    SaaS ARR, a recurring revenue stream, increased from ¥16,299 million in the previous fiscal year to ¥23,146 million, up 42.0% year on year.
  9. FY2023-Q3AdvancedAnnual report

    「SaaS ARR (Note 8) was ¥21,134 million, up 40.4% year on year. In particular, in the Business domain, growth in the number of paying customers and ARPA (Note 5) resulted in SaaS ARR of ¥15,027 million for corporate customers, up 44.4% year on year, and ¥1,617 million for sole-proprietor customers, up 21.6%.」

    SaaS ARR was ¥21,134 million, up 40.4% year on year, and ARR for corporations and sole proprietors also increased.
  10. FY2023-Q2AdvancedAnnual report

    「SaaS ARR (Note 8) was ¥19,860 million, up 42.1% year on year. In particular, in the Business domain, growth in the number of paying customers and ARPA resulted in SaaS ARR of ¥14,020 million for corporations, up 47.5% year on year, and ¥1,611 million for sole proprietors, up 22.9%.」

    SaaS ARR increased from ¥18,275 million previously to ¥19,860 million, up 42.1% year on year. ARR for corporations and sole proprietors also increased.
  11. FY2023-Q1AdvancedAnnual report

    「SaaS ARR was ¥18,275 million, up 41.6% year on year. In particular, in the Business domain, driven by growth in the number of paying customers and ARPA, SaaS ARR for corporate customers was ¥12,777 million, up 46.4% year on year, while SaaS ARR for individual business-owner customers was ¥1,562 million, up 23.6% year on year.」

    SaaS ARR from subscription-based revenue was ¥18,275 million, up 41.6% year on year, with ARR for corporate and individual business-owner customers also increasing.
  12. FY2022AdvancedAnnual report

    「SaaS ARR at the end of the current consolidated fiscal year grew 45% year on year, a significant acceleration from the 33% year-on-year growth recorded at the end of the previous consolidated fiscal year.」

    SaaS ARR was ¥16,299 million, up 45.2% year on year, with the year-on-year growth rate accelerating from 33% to 45%.
  13. FY2022-Q3AdvancedAnnual report

    「SaaS ARR was ¥15,048 million, up 43.2% year on year. In particular, in the Business domain, driven by growth in the number of paying customers and ARPA, SaaS ARR for corporate customers was ¥10,406 million, up 54.1% year on year, while SaaS ARR for individual business-owner customers was ¥1,330 million, up 25.0% year on year.」

    SaaS ARR from subscription-based revenue was ¥15,048 million, up 43.2% year on year, with ARR for corporate and individual business-owner customers also increasing.
  14. FY2022-Q2AdvancedAnnual report

    「Accordingly, we are transitioning from a business model generating project-based revenue to subscription-based revenue by offering DX promotion tools on an OEM basis.」

    In the X domain, the company specifically outlined a policy of transitioning from project-based revenue to OEM-based subscription revenue, and X subscription revenue was ¥847 million.
  15. FY2022-Q1AdvancedAnnual report

    「SaaS ARR was ¥12,904 million, up 39.9% year on year. In particular, in the Business domain, driven by growth in the number of paying customers and ARPA (Note 3), SaaS ARR for corporate customers was ¥8,727 million, up 46.7% year on year, while SaaS ARR for individual business-owner customers was ¥1,264 million, up 35.0% year on year.」

    SaaS ARR, a source of subscription-based revenue, was ¥12,904 million, up 39.9% year on year, with ARR for corporate and individual business-owner customers also increasing.
  16. FY2021AdvancedAnnual report

    「SaaS ARR was ¥11,227 million, up 33.0% year on year. In particular, in the Business domain, driven by growth in the number of paying customers and ARPA (Note 5), SaaS ARR for corporate customers was ¥7,374 million, up 37.0% year on year, while SaaS ARR for individual business-owner customers was ¥1,092 million, up 27.4% year on year.」

    SaaS ARR, a source of subscription-based revenue, was ¥11,227 million, up 33.0% year on year.
  17. FY2021-Q3RestatedAnnual report

    「In the Home domain, premium subscription revenue from Money Forward ME, a PFM (Note 3) service that automatically retrieves and categorizes financial institution data from online banking and other sources, remained on a steady trend.」

    The company continues to explain that recurring revenue based on premium subscriptions remained on track.
  18. FY2021-Q2AdvancedAnnual report

    「The number of premium subscribers exceeded 330,000, and premium subscription revenue continued to trend steadily.」

    Regarding the recurring subscription model, the company reported that premium paid users had surpassed 330,000 and that subscription revenue remained on track.
  19. FY2021-Q1AdvancedAnnual report

    「The number of premium subscribers exceeded 300,000, and premium subscription revenue remained on a steady trend.」

    Regarding the recurring subscription model, the company specifically reported that premium paid users had surpassed 300,000 and that subscription revenue remained on track.
  20. FY2020-Q2RestatedAnnual report

    「The number of users exceeded 10 million, and premium subscription revenue continued to trend steadily.」

    Regarding recurring revenue based on paid users, the company stated that premium subscription revenue remained on track.
  21. FY2020-Q1AdvancedAnnual report

    「We integrated five services into one and introduced a new plan that made it easier to use multiple products. This increased subscription revenue, and demand for the service areas provided by our group has remained stable over the long term.」

    The company explained that subscription revenue increased following service integration and the introduction of the new plan, demonstrating the performance of its recurring revenue model.
  22. FY2017RestatedAnnual report

    「The group's business is centered on a subscription-based model in which monthly fees from paid users are the primary source of revenue, and revenue expands continuously and steadily as the number of paid users increases.」

    The subscription-based model built on monthly fees and the number of paid users continues to be described as the core of the business.
  23. FY2016First statedAnnual report

    「The group's business is centered on a subscription-based model in which monthly fees from paid users are the primary source of revenue, and revenue expands continuously and steadily as the number of paid users increases.」

    The company describes a business model in which monthly fees are the primary source of revenue as a structural fact.
Moved together

"Improving Back-Office Efficiency and Productivity through MF Cloud" moved the same way as this thread, in the same document, in 17 of its 25 moves.

171716151312★123456
  1. ★This thread
  2. 1Improving Back-Office Efficiency and Productivity through MF Cloud17×
  3. 2Raising Growth Capital through Share Issuance and Bank Borrowings17×
  4. 3SaaS ARR as a New Management Metric16×
  5. 4Service Adoption and Expansion of the Domestic Customer Base15×
  6. 5Continued Operating Losses from Upfront Investments and Uncertainty Regarding Profitability Improvement13×
  7. 6High Growth and Continued Operating Losses12×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for Money Forward yet. It last moved in the Earnings of 2026-10-15: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Recurring Revenue Driven by Growth in Paid Users | Money Forward,Inc. (3994) | Komori