Money Forward, Inc., December-August (Third Quarter Cumulative) Ordinary Profit Loss Narrows, June-Augus Ordinary Profit Loss Narrows

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Tue Oct 15, 2024 3:00 pm JST Earnings

3994 Money Forward, Inc. 【J-GAAP】

Earnings Report

Money Forward, Inc. <3994> [TSE-P] announced its financial results after the market closed on October 15th (15:00). The consolidated ordinary loss for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) was a reduced loss of 3.28 billion yen (compared to a loss of 4.94 billion yen in the same period last year).

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the September to November period (4Q) is expected to further decrease to loss of 110 million yen (compared to a loss of 1.79 billion yen in the same period last year).

In the most recent three-month period, from June to August (3Q), the consolidated ordinary loss improved to a deficit of loss of 1.14 billion yen (compared to a loss of 1.56 billion yen in the same period last year). The operating profit/loss margin drastically improved from -18.1% in the same period last year to -10.3%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Dec - Aug, 2021	15,296	-6,306	-7,356	-7,345	-137.3	ー	Oct 17, 2022	J-GAAP
Dec - Aug, 2022	21,584	-4,564	-4,943	-4,935	-91.5	ー	Oct 13, 2023	J-GAAP
Dec - Aug, 2023	29,673	-2,837	-3,287	-3,712	-68.3	ー	Oct 15, 2024	J-GAAP
YoY	+37.5%	+37.8%	+33.5%	+24.8%	+25.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	16,293	-3,122	-3,364	-2,934	-54.4	0	Jan 12, 2024	J-GAAP
Jun - Nov, 2024 Guidance	20,886	-1,071	-1,252	-1,128	-20.7	0	Jul 12, 2024	J-GAAP
YoY	+28.2%	+65.7%	+62.8%	+61.6%	+62.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	21,477	-8,469	-9,581	-9,449	-176.4	0	Jan 16, 2023	J-GAAP
Nov, 2023	30,380	-6,329	-6,738	-6,315	-117.0	0	Jan 12, 2024	J-GAAP
Nov, 2024 Guidance	40,750	-2,898	-3,397	-3,725	-68.2	0	Jan 12, 2024	J-GAAP
YoY	+34.1%	+54.2%	+49.6%	+41.0%	+41.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	7,497	-1,357	-1,569	-1,554	-28.8	-18.1	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	8,796	-1,765	-1,795	-1,380	-25.6	-20.1	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	9,544	-992	-1,135	-1,318	-24.3	-10.4	Apr 12, 2024	J-GAAP
Mar - May, 2024	10,320	-835	-1,010	-1,279	-23.6	-8.1	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	9,809	-1,010	-1,142	-1,115	-20.5	-10.3	Oct 15, 2024	J-GAAP
YoY	+30.8%	+25.6%	+27.2%	+28.2%	+28.8%