Company profile

Money Forward, Inc.

EDINET
E33390
Securities
3994
Industry
Information & Communication
Latest annual securities report
2026-02-19 Annual Securities Report PDF HTML
Latest financial report
2026-07-13 Semiannual Securities Report PDF HTML
Latest filing
—
Compare this company

Industry position

Information & Communication

View details
Profitability Weak Current Bottom 18% 5-year trend Broadly stable
Financial strength Weak Based on Equity ratio Current Bottom 13% 5-year trend Deteriorating
Growth Strong Current Top 16% 5-year trend Broadly stable
Cash generation Weak Current Bottom 20% 5-year trend Improving

Latest half-year results

H1 FY2026

2025/12/01 - 2026/05/31

Consolidated · Japanese GAAP · Cumulative YTD

For H1 FY2026, revenue was ¥28.99 billion, up 24.8% year over year. Operating income was -¥209.12 million, up 86.9% year over year. Net income was ¥567.38 million, up 129.9% year over year.

Revenue ¥28.99B up 24.8% year over year
Operating income -¥209.12M up 86.9% year over year
Net income ¥567.38M up 129.9% year over year
Operating cash flow ¥5.05B
Free cash flow -¥4.14B
Total assets ¥143.63B

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2025

Consolidated Japanese GAAP

Revenue reached ¥50.35 billion, up 24.7% year over year. Operating income was -¥2.65 billion, up 44.0% year over year. Operating margin was -5.3%. Net income returned to profit at ¥1.59 billion. ROE was 2.8%; equity ratio was 32.0%; free cash flow was -¥8.84 billion.

Revenue ¥50.35B up 24.7% year over year
Operating income -¥2.65B up 44.0% year over year
Net income ¥1.59B up 125.1% year over year
Total assets¥127.57B
Total equity—
Operating cash flow¥1.5B
Free cash flow-¥8.84B

Industry position details

Information & Communication

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Weak

Operating margin Bottom 89% / ROE Bottom 78%

Financial strength Weak
Based on Equity ratio

Equity ratio Bottom 88%

Growth Strong

Revenue growth Top 24% / 3-year revenue CAGR Top 9%

Cash generation Weak

Operating cash flow margin Bottom 75% / Free cash flow margin Bottom 89%

Profitability Industry position history Broadly stable
2025 Bottom 17% 2024 Bottom 11% 2023 Bottom 7% 2022 Bottom 5% 2021 Bottom 14%
Financial strength Industry position history Deteriorating
2025 Bottom 11% 2024 Bottom 11% 2023 Bottom 10% 2022 Bottom 25% 2021 Top 37%
Growth Industry position history Broadly stable
2025 Top 12% 2024 Top 6% 2023 Top 5% 2022 Top 6% 2021 Top 6%
Cash generation Industry position history Improving
2025 Bottom 19% 2024 Bottom 7% 2023 Bottom 32% 2022 Bottom 4% 2021 Bottom 6%
Profitability Operating margin -5.3% Industry median 8.5% Bottom 89% Comparison sample 262
Profitability ROE 2.8% Industry median 11.1% Bottom 78% Comparison sample 262
Financial strength Equity ratio 32.0% Industry median 60.4% Bottom 88% Comparison sample 262
Growth Revenue growth +24.7% Industry median +10.0% Top 24% Comparison sample 245
Growth 3-year revenue CAGR +32.8% Industry median +9.3% Top 9% Comparison sample 196
Cash generation Operating cash flow margin 3.0% Industry median 9.2% Bottom 75% Comparison sample 262
Cash generation Free cash flow margin -17.6% Industry median 3.8% Bottom 89% Comparison sample 262

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2025 Consolidated Japanese GAAP 50349943000 -2653396000 -3877650000 1587260000 1587260000 2462943000 127567288000 71701932000 55865356000 38674508000 55865356000 1496692000 -10339188000 4570355000 -8842496000 40934509000 28.78 145.0 4173.100 231710455244.900 738.62 55524779 0.4379285385 0.32 0.0284122417 0.0124425315 -0.0526990865 -0.0770139899 0.031524564 0.0297257933 -0.1756207748 0.2474022973 0.4396376202 0.2756660672 1.25072912 0.201290136 0.2504624656 1.3143363293 -0.0877531158 -0.7753773748 0.3801925935 -0.0946085777 1.2474209078 0.0134313544 0.0931844436 2839
FY2024 Consolidated Japanese GAAP 40363837000 -4735143000 -5353401000 -6330577000 -6330577000 -6632168000 106191905000 61516148000 44675756000 33453493000 44675756000 -4761435000 -9505087000 20346815000 -14266522000 45211947000 -116.32 647.62 54788890 0.4207077366 0.333 -0.1417005008 -0.059614497 -0.1173115182 -0.1326286448 -0.1568378398 -0.1179628934 -0.3534481125 0.328604388 0.2519287333 0.2056081673 -0.0024587295 0.2028659503 0.2889543916 -2.9352877914 -0.2760621392 0.1651529238 -1.8599159537 0.164710243 0.0056419901 0.0102070967 0.2192488263 2597
FY2023 Consolidated Japanese GAAP 30380629000 -6329802000 -6738993000 -6315050000 -6315050000 -5659020000 88282410000 53621947000 34660463000 25932858000 34660463000 2460324000 -7448765000 17462785000 -4988441000 38818193000 -116.98 514.09 54235305 0.3926089353 0.315 -0.1821975084 -0.0715323698 -0.2083499325 -0.2218187451 -0.2078643599 0.0809833134 -0.1641980816 0.4145529246 0.2526177793 0.2966697031 0.3317268803 0.3378817545 -0.01203894 1.5965749469 0.4960389877 0.9244067882 0.7361244435 0.4754712206 0.3369984131 0.0075567726 0.1246040127 2130
FY2022 Consolidated Japanese GAAP 21477195000 -8469297000 -9581548000 -9449804000 -9449804000 -8766427000 65986706000 30903882000 35082823000 31426298000 35082823000 -4124082000 -14780439000 9074373000 -18904521000 26309014000 -176.44 606.33 53828535 0.5316650145 0.494 -0.2693570013 -0.143207694 -0.3943390652 -0.4461266008 -0.4399924664 -0.1920214441 -0.8802136871 0.3738721407 -6.972888986 -5.688554298 -5.3752588949 0.1588293241 -0.1712650002 -0.7717769788 -1.8426818503 -0.7392258568 -1.5115201386 -0.2696104182 -4.8872205539 0.0083562091 0.5176282051 1894
FY2021 Consolidated Japanese GAAP 15632601000 -1062262000 -1432529000 -1482262000 -1482262000 -1548382000 56942558000 14609576000 42332981000 40252352000 42332981000 -2327653000 -5199470000 34797825000 -7527123000 36020522000 -29.97 759.04 53382460 0.7434330751 0.711 -0.0350143544 -0.0260308292 -0.0679517119 -0.0916372778 -0.0948186421 -0.1488973588 -0.4815016388 0.3811893693 0.6212676703 0.4357356263 0.3883245945 1.622661151 3.1349814725 -1.0788982697 -0.9949025045 5.6197330597 -1.0201428596 3.1308648658 0.4245391705 1.2381439807 0.4427745665 1248
FY2020 Consolidated Japanese GAAP 11318217000 -2804783000 -2538755000 -2423282000 -2423282000 -2386455000 21711748000 11473980000 10237768000 9413150000 10237768000 -1119657000 -2606378000 5256681000 -3726035000 8719850000 -52.08 201.71 23851218 0.471531265 0.443 -0.2367002261 -0.111611557 -0.2478113823 -0.2243069734 -0.2141045714 -0.0989252106 -0.3292068883 0.5814668991 -0.1466107366 0.0111791551 0.0578402442 0.330929965 0.2749147308 0.6894171709 0.0639287741 -0.3914374675 0.4168410832 0.212346909 0.5582322504 0.0760582278 0.2518089725 865
FY2019 Consolidated Japanese GAAP 7156784000 -2446151000 -2567457000 -2572050000 -2572050000 -2504458000 16313216000 8283056000 8030159000 7757721000 8030159000 -3605019000 -2784380000 8637865000 -6389399000 7192537000 -117.89 355.12 22165360 0.4922486774 0.482 -0.3202987637 -0.1576666428 -0.3417947223 -0.3587445143 -0.359386283 -0.5037205259 -0.8927751627 0.557587084 -2.0723168185 -2.1144322844 -2.1541673565 0.8837064265 1.3733760946 -3.532545517 -1.1617655736 5.6150845891 -2.066850183 0.4525887958 -1.784364667 0.7538071066 691
FY2018 Consolidated Japanese GAAP 4594789000 -796191000 -824374000 -815445000 -815445000 -836833000 8660169000 5276735000 3383433000 3231057000 3383433000 -795363000 -1288012000 1305783000 -2083375000 4951530000 -42.34 -96.12 167.01 0.390689027 0.373 -0.2410111269 -0.0941604026 -0.1732812976 -0.1794149851 -0.1774716967 -0.1731010934 -0.4534212561 0.5846569879 0.0013884395 0.0119151639 0.0324733571 0.170710134 -0.1566174993 -0.594712782 -0.2087721504 -0.7166649525 -0.3318223312 -0.1354594111 0.1470588235 0.6348547718 394
FY2017 Consolidated Japanese GAAP 2899548000 -797298000 -834315000 -842814000 -842814000 -842814000 7397364000 3385622000 4011742000 3992659000 4011742000 -498750000 -1065554000 4608618000 -1564304000 5727354000 -49.64 -68.39 208.24 0.5423204806 0.54 -0.2100867902 -0.1139343691 -0.2749732027 -0.2877396753 -0.2906708218 -0.1720095684 -0.5394992599 241
FY2016 Standalone Japanese GAAP 1542178000 -876538000 -882592000 -888972000 3091105000 1204262000 1886842000 1865921000 1886842000 -717563000 -59513000 1172389000 -777076000 2683041000 -55.19 -154.45 0.6104101931 0.604 -0.4711427878 -0.2875903601 -0.5683766725 -0.5723022894 -0.5764392956 -0.4652919443 -0.5038821718 162

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp