ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
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 2019 JPYUSD
Revenue7,156.78M65.50M
Gross Profit4,213.92M38.57M
Operating income-2,446.15M-22.39M
Income before tax-2,639.48M-24.16M
Net income-2,572.05M-23.54M
EBITDA-2,269.04M-20.76M
Diluted EPS-117.89-1.07
Dividends Per Share00
Total Assets16,313.21M148.96M
Total liabilities8,283.05M75.63M
Total equity7,925.47M72.37M
Operating cash flow-3,605.01M-32.99M
Currency in JPYCurrency in USD

Historical Data

 Nov 2015Nov 2016Nov 2017Nov 2018Nov 2019
Revenue 441.70M 1,542.17M 2,899.54M 4,594.78M 7,156.78M
Gross Profit 7.54M 803.14M 1,940.48M 2,692.08M 4,213.92M
Operating income -1,120.33M -876.53M -797.29M -796.19M -2,446.15M
Income before tax -1,139.82M -882.38M -833.70M -820.59M -2,639.48M
Net income -1,142.11M -888.97M -842.81M -815.44M -2,572.05M
EBITDA -1,115.76M -868.25M -781.50M -653.78M -2,269.04M
Diluted EPS -78.07 -55.19 -49.64 -42.34 -117.89
Dividends Per Share -- -- 0 0 0
Total Assets 2,512.84M 3,091.10M 7,397.36M 8,660.16M 16,313.21M
Total liabilities 566.44M 1,204.26M 3,385.62M 5,276.73M 8,283.05M
Total equity 1,946.40M 1,886.84M 4,010.24M 3,288.14M 7,925.47M
Operating cash flow -1,023.35M -717.56M -498.75M -795.36M -3,605.01M
 Nov 2015Nov 2016Nov 2017Nov 2018Nov 2019
Revenue 3.65M 14.12M 25.79M 41.58M 65.50M
Gross Profit 0.06M 7.35M 17.26M 24.36M 38.57M
Operating income -9.26M -8.02M -7.09M -7.20M -22.39M
Income before tax -9.42M -8.08M -7.41M -7.42M -24.16M
Net income -9.44M -8.14M -7.49M -7.37M -23.54M
EBITDA -9.23M -7.95M -6.95M -5.91M -20.76M
Diluted EPS -0.64 -0.50 -0.44 -0.38 -1.07
Dividends Per Share -- -- 0 0 0
Total Assets 20.38M 27.12M 66.10M 76.26M 148.96M
Total liabilities 4.59M 10.56M 30.25M 46.47M 75.63M
Total equity 15.78M 16.55M 35.83M 28.95M 72.37M
Operating cash flow -8.46M -6.57M -4.43M -7.19M -32.99M

Valuation Measures

Nov 2019
PER--
ROA-20.59%
ROE-45.87%
Operating margin-34.17%
Profit margin-35.93%

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/ (15.3%)
  • ICHIKAWA TAKASHI /MONEY FORWARD/ (4.9%)
  • Fidelity Management & Research Co. LLC (4.9%)
  • Rheos Capital Works, Inc. (Investment Management) (4.6%)
  • Capital Research & Management Co. (World Investors) (4.5%)
  • JPMorgan Asset Management (Japan) Ltd. (3.9%)
  • T. Rowe Price Japan, Inc. (3.9%)
  • The Shizuoka Bank, Ltd. (2.5%)
  • T. Rowe Price International Ltd. (Japan) (2.3%)
  • TAKI TOSHIO (2.1%)

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 Restricted Stock Compensation Plan
  • Money Forward Fine, Inc.
  • Money Forward Financial, Inc.
  • Knowledge Labo KK
  • Klavis, Inc.
  • Smartcamp Co., Ltd.

Competitors

    Last Updated on 25 May, 2020

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

    Stay ahead with our exclusives on Asia;
    the most dynamic market in the world.

    Stay ahead with our exclusives on Asia

    Get trusted insights from experts within Asia itself.

    Get trusted insights from experts
    within Asia itself.

    Get Unlimited access

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

    This is your last free article this month

    Stay ahead with our exclusives on Asia; the most
    dynamic market in the world
    .

    Get trusted insights from experts
    within Asia itself.

    Try 3 months for $9

    Offer ends April 30th

    Your trial period has expired

    You need a subscription to...

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers and subscribe

    Your full access to the Nikkei Asian Review has expired

    You need a subscription to:

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers
    NAR on print phone, device, and tablet media