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Technology Services

Money Forward, Inc.

Business Summary

Money Forward, Inc. engages in the Internet service development business. It develops and markets application platforms such as Money Forward which provides automatically aggregates statements of bank accounts, credit cards, securities accounts, FX accounts, pensions, points and compiles a household accounting book; Money Plus deals with the household account book and asset management; Sira Tama is an automatic savings application that enables users to unconsciously save money; mirai talk provides a channel where customers can resolve their financial concerns together directly with financial planners. It also provides the money forward business which acts as a SaaS(Software as a Service)-type service platform for business operators that automates and significantly streamlines back-office operations, reduces concerns regarding cash flows, and supports data-oriented managerial decision-making. The company was founded by Yosuke Tsuji and Toshio Taki on May 18, 2012 and is headquartered in Tokyo, Japan.

Financial Highlights

Nov 2020 JPYUSD
Revenue11,318.21M105.56M
Gross Profit7,247.40M67.59M
Operating income-2,804.78M-26.16M
Income before tax-2,454.65M-22.89M
Net income-2,423.28M-22.60M
EBITDA-2,314.24M-21.58M
Diluted EPS-52.07-0.48
Dividends Per Share00
Total Assets21,711.74M208.21M
Total liabilities11,473.97M110.03M
Total equity9,664.84M92.68M
Operating cash flow-899.80M-8.39M
Currency in JPYCurrency in USD

Historical Data

 Nov 2016Nov 2017Nov 2018Nov 2019Nov 2020
Revenue 1,542.17M 2,899.54M 4,594.78M 7,156.78M 11,318.21M
Gross Profit 803.14M 1,940.48M 2,692.08M 4,213.92M 7,247.40M
Operating income -876.53M -797.29M -796.19M -2,446.15M -2,804.78M
Income before tax -882.38M -833.70M -820.59M -2,639.48M -2,454.65M
Net income -888.97M -842.81M -815.44M -2,572.05M -2,423.28M
EBITDA -868.25M -781.50M -653.78M -2,269.04M -2,314.24M
Diluted EPS -27.59 -24.82 -21.17 -58.94 -52.07
Dividends Per Share -- 0 0 0 0
Total Assets 3,091.10M 7,397.36M 8,660.16M 16,313.21M 21,711.74M
Total liabilities 1,204.26M 3,385.62M 5,276.73M 8,283.05M 11,473.97M
Total equity 1,886.84M 4,010.24M 3,288.14M 7,925.47M 9,664.84M
Operating cash flow -717.56M -498.75M -795.36M -3,605.01M -899.80M
 Nov 2016Nov 2017Nov 2018Nov 2019Nov 2020
Revenue 14.12M 25.79M 41.58M 65.50M 105.56M
Gross Profit 7.35M 17.26M 24.36M 38.57M 67.59M
Operating income -8.02M -7.09M -7.20M -22.39M -26.16M
Income before tax -8.08M -7.41M -7.42M -24.16M -22.89M
Net income -8.14M -7.49M -7.37M -23.54M -22.60M
EBITDA -7.95M -6.95M -5.91M -20.76M -21.58M
Diluted EPS -0.25 -0.22 -0.19 -0.53 -0.48
Dividends Per Share -- 0 0 0 0
Total Assets 27.12M 66.10M 76.26M 148.96M 208.21M
Total liabilities 10.56M 30.25M 46.47M 75.63M 110.03M
Total equity 16.55M 35.83M 28.95M 72.37M 92.68M
Operating cash flow -6.57M -4.43M -7.19M -32.99M -8.39M

Valuation Measures

Nov 2020
PER--
ROA-12.74%
ROE-27.55%
Operating margin-24.78%
Profit margin-21.41%

Key executives

  • President, CEO & Representative Director: Yosuke Tsuji
  • Chief Financial Officer: Shunsuke Uchikawa
  • Director & Chief Technology Officer: Takuya Nakade
  • Director & Executive Officer: Toshio Taki
  • Director & Executive Officer: Naoya Kanesaka

Shareholders

  • TSUJI YOSUKE /MONEY FORWARD/ (14.6%)
  • ICHIKAWA TAKASHI /MONEY FORWARD/ (4.9%)
  • JPMorgan Asset Management (Japan) Ltd. (4.3%)
  • Fidelity Management & Research Co. LLC (4.3%)
  • Capital Research & Management Co. (World Investors) (4.1%)
  • Rheos Capital Works, Inc. (Investment Management) (3.9%)
  • T. Rowe Price Japan, Inc. (3.8%)
  • The Shizuoka Bank Ltd. (2.4%)
  • Capital International KK (2.0%)
  • RBC Global Asset Management (Asia) Ltd. (1.8%)

Contact Details

  • Website:http://corp.moneyforward.com
  • Address: msb Tamachi Station Tower S, 21/F, 3-1-21 Shibaura, Tokyo, 105-0023, Japan
  • Phone: +81.3.6453.9160

Related Companies

  • Money Forward Venture Partners, Inc.
  • Money Forward Restricted Stock Compensation Plan
  • Money Forward Fine, Inc.
  • Money Forward Financial, Inc.
  • Knowledge Labo KK
  • Klavis, Inc.
  • R&AC Co., Ltd.
  • Smartcamp Co., Ltd.

Competitors

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