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Money Forward (3994) · TargetAdvanced

Strengthening the Revenue Base Through Cross-Selling and Upselling

First written in FY2016. 10 of 12 entries say "Advanced", first in FY2022-Q1. Latest entry: 2026-10-15.

12entries
10years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2016 – FY2017AdvancedFY2022-Q1 – 2026-10-152017: 120172018: 120182019: 020192020: 020202021: 020212022: 120222023: 420232024: 120242025: 020252026: 42026
Same theme, other companies
Increasing Deployment Volume and Customer Value through Upselling and Cross-Selling to Existing CustomersA theme 37 companies write about · 1 as a headwind · 36 as a tailwind

18 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 37 companies compared. The sentences above are computed from all 37.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1AdvancedAnnual report

    「In addition to the price revisions implemented in June 2025, continuous functionality enhancements, stronger integration among products, and expanded sales and marketing capabilities led to progress in adoption of multiple products and adoption by larger companies, while ARPA (Note 3) also increased.」

    The company confirmed that price revisions, functionality and product integration, and expanded sales and marketing capabilities resulted in adoption of multiple products, adoption by larger companies, and higher ARPA.
  2. FY2025AdvancedAnnual report

    「In addition to continuously enhancing functionality and strengthening integration among products, we expanded our sales and marketing capabilities. As a result, adoption of multiple products and adoption by larger companies have progressed, and ARPA has also increased.」

    Growth in ARPA through adoption of multiple products, adoption by larger companies, and expanded sales and marketing capabilities continued and progressed.
  3. FY2024-Q2AdvancedAnnual report

    「In addition to continuously improving functionality and strengthening integration among products, we expanded our sales and marketing capabilities. As a result, adoption of multiple products and adoption by larger companies have progressed, and ARPA (Note 3) has also increased.」

    ARPA increased through adoption of multiple products, adoption by larger companies, and expanded sales and marketing capabilities.
  4. FY2023-Q3AdvancedAnnual report

    「As a result of expanding our sales and marketing capabilities, adoption by larger companies increased, while cross-selling (Note 4) of various products to existing customers progressed and ARPA (Note 5) also increased.」

    ARPA increased through expanded sales and marketing capabilities, cross-selling to existing customers, and increased adoption by larger companies.
  5. FY2023-Q2AdvancedAnnual report

    「As a result of expanding our sales and marketing capabilities, adoption by larger companies increased, while cross-selling (Note 4) of various products to existing customers progressed and ARPA (Note 5) also increased.」

    ARPA increased through expanded sales and marketing capabilities, adoption by larger companies, and cross-selling to existing customers.
  6. FY2023-Q1AdvancedAnnual report

    「We are also working to enhance the value provided by the product, including by adding the Asset Building Advanced Course, a ¥980-per-month plan specializing in managing investment assets in Money Forward ME, to the existing premium service.」

    In addition to the existing premium service, the company added a ¥980-per-month advanced plan specializing in investment asset management, expanding its upselling-based monetization options.
  7. FY2022AdvancedAnnual report

    「In addition to continuously improving the functionality of products for mid-sized companies and strengthening integration among products, we expanded our sales and marketing capabilities. As a result, adoption of multiple products and adoption by larger companies have progressed, and ARPA (Note 3) has also increased.」

    The company reported adoption by larger companies and higher ARPA through adoption of multiple products and integration among products.
  8. FY2022-Q1AdvancedAnnual report

    「Among individual business owners, the number of users increased significantly during the tax filing season through integration between Money Forward ME and Money Forward Cloud Tax Filing.」

    A concrete example of cross-selling and user growth through integration between ME and Cloud Tax Filing was provided.
  9. FY2017RestatedAnnual report

    「We recognize the need to strengthen our revenue base by increasing ARPU through cross-selling and upselling among services, encouraging free members to convert to paid members, and increasing repeat customers.」

    The measures to strengthen the revenue base, namely cross-selling, upselling, higher ARPU, conversion of free members to paid members, and an increase in repeat customers, were reiterated.
  10. FY2016First statedAnnual report

    「We recognize the need to strengthen our revenue base by increasing ARPU (Note 3) through cross-selling (Note 1) and upselling (Note 2) among services, encouraging free members to convert to paid members, and increasing repeat customers.」

    The company identified higher ARPU, conversion of free members to paid members, and an increase in repeat customers as means of strengthening its revenue base.
Moved together

"Recurring Revenue Driven by Growth in Paid Users" moved the same way as this thread, in the same document, in 9 of its 12 moves.

998887★123456
  1. ★This thread
  2. 1Recurring Revenue Driven by Growth in Paid Users9×
  3. 2SaaS ARR as a New Management Metric9×
  4. 3Service Adoption and Expansion of the Domestic Customer Base8×
  5. 4Improving Back-Office Efficiency and Productivity through MF Cloud8×
  6. 5Raising Growth Capital through Share Issuance and Bank Borrowings8×
  7. 6Continued Feature Development and UI/UX Improvements7×

★ 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.
Strengthening the Revenue Base Through Cross-Selling and Upselling | Money Forward,Inc. (3994) | Komori