Money Forward reports Q3 2025 financials, revises full-year outlook

Money Forward, Inc. reported consolidated financial results for the nine months ended August 31, 2025, with net sales reaching ¥35,306 million, a 19.0% increase year-on-year. Adjusted EBITDA for the period significantly rose by 124.9% to ¥3,338 million. However, the company recorded a net loss attributable to owners of parent of ¥3,384 million. SaaS ARR also saw robust growth, increasing by 29.9% to ¥36,324 million.

Looking ahead, Money Forward revised its consolidated earnings forecast for the fiscal year ending November 30, 2025. The company now projects full-year net sales between ¥49,500 million and ¥52,100 million, and a loss attributable to owners of parent between ¥80.15 and ¥123.86 per share. This revision incorporates the deconsolidation of a subsidiary as a result of the transfer of shares in SmartCamp Co., Ltd., which is expected to result in an extraordinary gain of ¥6,344,953 thousand.

Total assets stood at ¥112,525 million as of August 31, 2025, with net assets at ¥51,097 million. The equity-to-asset ratio was 31.4%. Money Forward also announced the acquisition of shares in nine new companies and the exclusion of two from its consolidated scope during the period, effective December 1, 2024.