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Money Forward, The Current Fiscal Year's Ordinary Loss to Narrow

Tue Jan 14, 2025 3:30 pm JST Earnings

3994 Money Forward, Inc. 【J-GAAP】

Earnings Report

Money Forward, Inc. <3994> [TSE Prime] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary loss for the fiscal year ending November 2024 was loss of 5.35 billion yen, a reduction in the deficit compared to loss of 5.35 billion yen in the previous term. In the fiscal year ending November 2025, the loss is expected to further decrease to loss of 4.2 billion yen. This will mark the fourteenth consecutive term of losses.

In the most recent three-month period, from September to November (4Q), the consolidated ordinary loss expanded to a loss of 2.06 billion yen (compared to a loss of 1.79 billion yen in the same period last year). However, the operating profit/loss margin improved from -20.1% in the same period last year to -17.8%.

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Actual Results

Historical Performance
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 40,363 -4,735 -5,353 -6,330 -116.3 0 Jan 14, 2025 J-GAAP
YoY +32.9% +25.2% +20.6% -0.2% +0.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2024 Guidance 40,750 -2,898 -3,397 -3,725 -68.2 0 Jan 12, 2024 J-GAAP
Nov, 2024 Results 40,363 -4,735 -5,353 -6,330 -116.3 0 Jan 14, 2025 J-GAAP
Revision Rate -0.9% -63.4% -57.6% -69.9% -70.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 19,864 -1,827 -2,145 -2,597 -47.8 0 Jul 12, 2024 J-GAAP
Dec - May, 2024 Guidance ー ー ー ー － 0 Jan 14, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2023 30,380 -6,329 -6,738 -6,315 -117.0 0 Jan 12, 2024 J-GAAP
Nov, 2024 40,363 -4,735 -5,353 -6,330 -116.3 0 Jan 14, 2025 J-GAAP
Nov, 2025 Guidance 51,300 -3,500 -4,200 -5,600 -101.2 0 Jan 14, 2025 J-GAAP
YoY +27.1% +26.1% +21.5% +11.5% +13.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Sep - Nov, 2024 10,690 -1,898 -2,066 -2,618 -48.1 -17.8 Jan 14, 2025 J-GAAP
YoY +21.5% -7.5% -15.1% -89.7% -88.2%

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