Money Forward, Inc.
3994株式会社マネーフォワード
Latest half-year results
First half · fiscal year to 2026-11 · filed 2026-07-13For the first half of the fiscal year to 2026-11: Revenue ¥29 billion (+24.8% YoY), Ordinary income ¥-1.2 billion, Net income ¥0.6 billion.
| This period | Year on year | |
|---|---|---|
| Revenue | ¥29.0bn | +24.8% |
| Ordinary profit | −¥1.2bn | — |
| Net profit to owners | ¥554m | — |
From the securities report on EDINET, which states no forecast. History via /v1/companies/3994/earnings-releases.
Financials
Japan GAAP · consolidated · fiscal year to 2025-11-30- Revenue
- ¥50.3bn
- Net income
- ¥1.6bn
- ROE
- 4.2%
- Equity ratio
- 32.0%
- Dividend / share
- —
- Employees
- 2,839
| Fiscal year | Revenue | Net income | Total assets | Net assets | ROE | EPS | Operating CF |
|---|---|---|---|---|---|---|---|
| 2025-11-30 | ¥50.3bn | ¥1.6bn | ¥127.6bn | ¥55.9bn | 4.2% | ¥28.78 | ¥1.5bn |
| 2024-11-30 | ¥40.4bn | −¥6.3bn | ¥106.2bn | ¥44.7bn | — | ¥-116.32 | −¥4.8bn |
| 2023-11-30 | ¥30.4bn | −¥6.3bn | ¥88.3bn | ¥34.7bn | — | ¥-116.98 | ¥2.5bn |
| 2022-11-30 | ¥21.5bn | −¥9.4bn | ¥66.0bn | ¥35.1bn | — | ¥-176.44 | −¥4.1bn |
| 2021-11-30 | ¥15.6bn | −¥1.5bn | ¥56.9bn | ¥42.3bn | — | ¥-29.97 | −¥2.3bn |
Indicators
Computed by us from filings · fiscal year to 2025-11-30| Metric | Value | Percentile among listed companies |
|---|---|---|
| ROE, % | 4.2 | 20.3 |
| Ordinary margin | -0.077 | 4.8 |
| Equity ratio, % | 32 | 16.2 |
| Revenue growth | 0.2474 | 91 |
| Net income growth | 1.2507 | 87.6 |
| Operating cash flow / assets | 0.0117 | 20.2 |
Interest example: if all ¥33.8bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥169m, 11.3% of operating cash flow. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.
Via /v1/companies/3994/indicators. Descriptive figures, not a rating and not investment advice.
From other filings
As the company states themSegments, votes and tender offers
Stated in EDINET filings/v1/companies/3994/segments/v1/companies/3994/votingOwnership changes
All companies →- 2026-11-06
Nomura Securities Co.,Ltd. cut holdings in Money Forward, Inc. (3994) to 3.34% from 5.33%, below the 5% threshold.
- 2026-10-22
Artisan Investments GP LLC cut holdings in Money Forward, Inc. (3994) to 4.07% from 5.27%, below the 5% threshold.
- 2026-09-08
individual filer filed a correction to a 5% report on Money Forward, Inc. (3994).
- 2026-09-02
individual filer raised holdings in Money Forward, Inc. (3994) to 18.07% from 17.21%.
- 2026-08-27
GCQ FUNDS MANAGEMENT PTY LTD cut holdings in Money Forward, Inc. (3994) to 4.07% from 5.22%, below the 5% threshold.
- 2026-08-06
Baillie Gifford Overseas Limited reduced holdings in Money Forward, Inc. (3994) to 8.35% from 9.37%.
- 2026-08-06
Nomura Securities Co.,Ltd. disclosed a 5.33% stake in Money Forward, Inc. (3994), crossing the 5% reporting threshold.
- 2026-08-04
GCQ FUNDS MANAGEMENT PTY LTD reduced holdings in Money Forward, Inc. (3994) to 5.22% from 6.33%.
- 2026-07-06
Nomura Securities Co.,Ltd. cut holdings in Money Forward, Inc. (3994) to 4.69% from 5.23%, below the 5% threshold.
- 2026-07-03
ValueAct Capital Management, L.P. changed its stated purpose for holding Money Forward, Inc. (3994): may_make_proposals, pure_investment -> may_make_proposals.
Trades by 5% holders
From the 60-day trade tables in 5% reports| Holder | Period | Net shares | Net % of shares | Avg. filed price | Range |
|---|---|---|---|---|---|
| GCQ FUNDS MANAGEMENT PTY LTD | 2025-08-29 – 2026-08-20 | +253,829 | +0.51pt | — | — |
| ValueAct Capital Management, L.P. | 2025-07-03 – 2026-06-26 | +7,818,600 | +14.04pt | ¥3,651.86 | ¥3,211–4,383 |
| ValueAct Japan Master Fund, L.P. | 2025-07-03 – 2026-06-26 | +7,818,600 | +14.04pt | ¥3,651.86 | ¥3,211–4,383 |
| Baillie Gifford Overseas Limited | 2025-05-07 – 2026-03-03 | -46,200 | −0.07pt | — | — |
| Baillie Gifford & Co | 2025-04-30 – 2026-02-27 | +1,043,700 | +1.89pt | — | — |
| individual filer | 2022-04-08 – 2023-11-06 | +126,000 | +0.23pt | — | — |
| Capital International Inc | 2022-01-25 – 2022-04-22 | +9,100 | +0.01pt | — | — |
| Capital International Sarl | 2022-01-12 – 2022-04-22 | +29,500 | +0.05pt | — | — |
| キャピタル・インターナショナル株式会社 | 2022-01-25 – 2022-04-22 | -321,500 | −0.60pt | — | — |
| Capital Research and Management Company | 2022-02-10 – 2022-02-14 | +213,600 | +0.40pt | — | — |
Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/3994/trades.
5% filings
Large shareholding reports on 3994| Filed | Filer | Stake | Change | Stated purpose |
|---|---|---|---|---|
| 2026-11-06 | Nomura Securities Co.,Ltd. | 3.34% | −1.99pt | — |
| 2026-10-22 | Artisan Investments GP LLC | 4.07% | −1.20pt | pure investment |
| 2026-09-08 | individual filer | 18.07% | +0.86pt | management participation |
| 2026-09-02 | individual filer | 18.07% | +0.86pt | management participation |
| 2026-08-27 | GCQ FUNDS MANAGEMENT PTY LTD | 4.07% | −1.15pt | pure investment |
| 2026-08-06 | Baillie Gifford Overseas Limited | 8.35% | −1.02pt | — |
| 2026-08-06 | Nomura Securities Co.,Ltd. | 5.33% | — | — |
| 2026-08-04 | GCQ FUNDS MANAGEMENT PTY LTD | 5.22% | −1.11pt | pure investment |
| 2026-07-06 | Nomura Securities Co.,Ltd. | 4.69% | −0.54pt | — |
| 2026-07-03 | ValueAct Capital Management, L.P. | 17.94% | +3.55pt | may make proposals |
Cross-shareholdings
From the annual report's status of shareholdings- Listed strategic holdings
- — issues
- Book value
- —
- Sold in the year
- — — issues
- Bought in the year
- — — issues
- Mutual, both reports
- 0
- Held by listed cos.
- 4
Held by: Shizuoka Financial Group, Inc. 5831, GMO Payment Gateway, Inc. 3769, THE SHIGA BANK,LTD. 8366, Yamaguchi Finacial Group,Inc. 8418
Purposes, all holdings and mutual flags via /v1/companies/3994/cross-holdings. Share changes include stock splits.
Major shareholders
As of fiscal year end 2025-11-30| Shareholder | Shares | Ratio |
|---|---|---|
| individual holder | 8,876,395 | 16.05% |
| 日本マスタートラスト信託銀行株式会社（信託口） | 5,372,700 | 9.71% |
| MSIP CLIENT SECURITIES | 4,051,945 | 7.32% |
| CGML PB CLIENT ACCOUNT/COLLATERAL | 3,592,100 | 6.49% |
| STATE STREET BANK AND TRUST COMPANY 505001 | 3,263,415 | 5.90% |
| JP MORGAN CHASE BANK 385839 | 1,761,400 | 3.18% |
| STATE STREET BANK AND TRUST COMPANY 505103 | 1,494,617 | 2.70% |
| 株式会社日本カストディ銀行（信託口） | 1,402,640 | 2.54% |
| PERSHING-DIV.OF DLJ SECS.CORP. | 1,376,070 | 2.49% |
| INTERACTIVE BROKERS LLC | 1,360,700 | 2.46% |
U.S. funds holding 3994
SEC Form N-PORT, reports to 2026-07-3137 U.S. funds held 6,728,697 shares worth $195.5m.
| Fund | Shares | Value | % of fund | As of |
|---|---|---|---|---|
| Artisan International Small-Mid Fund Artisan Partners Funds Inc. | 1,803,700 | $48.5m | 1.908% | 2026-06-30 |
| SMALLCAP World Fund Inc SMALLCAP World Fund Inc | 1,059,649 | $28.6m | 0.030% | 2026-06-30 |
| VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 673,638 | $23.5m | 0.004% | 2026-07-31 |
| VANGUARD DEVELOPED MARKETS INDEX FUND VANGUARD TAX-MANAGED FUNDS | 453,323 | $12.2m | 0.004% | 2026-06-30 |
| iShares Core MSCI EAFE ETF iShares Trust | 312,000 | $10.9m | 0.006% | 2026-07-31 |
Up to 25 funds per stock via the API.
Get this as JSON
GET /v1/companies/3994
GET /v1/companies/3994/financials
GET /v1/companies/3994/details
GET /v1/companies/3994/segments
GET /v1/companies/3994/voting
GET /v1/companies/3994/tender-offers
GET /v1/companies/3994/indicators
GET /v1/companies/3994/earnings-releases
GET /v1/events?ticker=3994
GET /v1/companies/3994/trades
GET /v1/companies/3994/cross-holdings
GET /v1/companies/3994/brief