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Money Forward, Ordinary Profit for This Fiscal Year Projected at 1.2-4.2 Billion Yen Loss

Wed Jan 14, 2026 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 ended November 2025 was loss of 3.87 billion yen, a reduction in the deficit compared to loss of 5.35 billion yen in the previous term. For the fiscal year ending November 2026, the consolidated ordinary loss is projected to range from 1.20 billion to 4.20 billion yen. This will mark the fifteenth consecutive term of losses.

In the most recent three-month period, from September to November (4Q), the consolidated ordinary loss improved to a deficit of 1.50 billion yen (compared to a loss of 2.06 billion yen in the same period last year). The operating profit/loss margin drastically improved from -17.8% in the same period last year to -4.5%.

Note: If the earnings forecast is disclosed as a range, the article is based on the midpoint of that range.

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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, 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 50,349 -2,653 -3,877 1,587 28.8 0 Jan 14, 2026 J-GAAP
YoY +24.7% +44.0% +27.6% － －

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2025 Guidance 50,300 -3,600 -4,300 -200 -3.6 0 Nov 4, 2025 J-GAAP
Nov, 2025 Results 50,349 -2,653 -3,877 1,587 28.8 0 Jan 14, 2026 J-GAAP
Revision Rate +0.1% +26.3% +9.8% － －

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 23,237 -1,592 -1,897 -2,197 -40.0 0 Jul 15, 2025 J-GAAP
Dec - May, 2025 Guidance ー ー ー ー － 0 Jan 14, 2026 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2024 40,363 -4,735 -5,353 -6,330 -116.3 0 Jan 14, 2025 J-GAAP
Nov, 2025 50,349 -2,653 -3,877 1,587 28.8 0 Jan 14, 2026 J-GAAP
Nov, 2026 Guidance 55,475 -1,000 -2,700 -3,700 -66.9 0 Jan 14, 2026 J-GAAP
YoY +10.2% +62.3% +30.4% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 10,690 -1,898 -2,066 -2,618 -48.1 -17.8 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 11,706 -580 -730 -1,119 -20.4 -5.0 Apr 14, 2025 J-GAAP
Mar - May, 2025 11,531 -1,012 -1,167 -1,078 -19.6 -8.8 Jul 15, 2025 J-GAAP
Jun - Aug, 2025 12,069 -387 -478 -1,187 -21.6 -3.2 Oct 15, 2025 J-GAAP
Sep - Nov, 2025 15,043 -674 -1,502 4,971 90.2 -4.5 Jan 14, 2026 J-GAAP
YoY +40.7% +64.5% +27.3% － －

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