Money Forward sells Next Solution stake, revises revenue forecast

Money Forward (TSE:3994) announced the sale of its stake in Next Solution to Sumitomo Mitsui Card and Sony Life Insurance, effective March 31, 2025. This divestiture removes Next Solution from Money Forward's consolidated scope. As a result, Money Forward has revised its revenue forecast for the fiscal year ending November 2025, initially announced on January 14, 2025. The projected revenue is adjusted to JPY49.5 billion - JPY52.1 billion, down from the previous estimate of JPY50 billion - JPY52.6 billion. All other aspects of Money Forward's forecast remain unchanged.