Money Forward, Inc.

3994

JP3869960009

Software

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-02 am EDT			5-day change	1st Jan Change
5,471 ^JPY	-3.03%		-1.05%	+26.58%

Apr. 22	Japanese Shares End Higher Amid Receding Middle East Conflict Fears	MT
Apr. 22	Money Forward Completes Payment for New Shares Issued as Restricted Stock Compensation; Stock Jumps 7%	MT

Money Forward, Inc. entered into agreement to acquire additional 65.5% stake in R&AC Co., Ltd. from Tomoyasu Takayama, Soichiro Takayama, SAKURA KCS Corporation, Ics Partners Co.,Ltd, Rakus Co., Ltd. and The Independents Angel Investment Limited Liability Partnership for ¥1.3 billion,

July 30, 2020

Money Forward, Inc. (TSE:3994) entered into agreement to acquire additional 65.5% stake in R&AC Co., Ltd. from Tomoyasu Takayama, Soichiro Takayama, SAKURA KCS Corporation (TSE:4761), Ics Partners Co.,Ltd, Rakus Co., Ltd. (TSE:3923) and The Independents Angel Investment Limited Liability Partnership for ¥1.3 billion on July 31, 2020. Money Forward, Inc. will acquire 530 shares in R&AC Co., Ltd. Upon completion, R&AC will operates as subsidiary of Money Forward. R&AC Co reported total revenue of ¥382 million, total assets of ¥452 million, net income of ¥4 million and total common equity of ¥363 million for the year ending September 30, 2019.

The acquisition of shares is scheduled for August 2020.

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	SAKURA KCS CORPORATION	2,678 JPY	+2.76%	+1.63%	195M
	RAKUS CO., LTD.	1,605 JPY	-1.98%	+3.08%	1.89B

Latest news about Money Forward, Inc.

Japanese Shares End Higher Amid Receding Middle East Conflict Fears	Apr. 22	MT
Money Forward Completes Payment for New Shares Issued as Restricted Stock Compensation; Stock Jumps 7%	Apr. 22	MT
Money Forward to Book Smaller-Than-Expected Merger Loss of 740 Million Yen for Fiscal 2024	Apr. 12	MT
Mesh Connect, Inc. announced that it has received $40 million in funding from a group of investors	Apr. 02	CI
Money Forward, Inc. agreed to acquire 20.3% stake in Caster Co.Ltd. from various investor for ¥470 million.	Mar. 31	CI
Money Forward to Issue 707 Million Yen of New Shares to Directors, Staff	Mar. 27	MT
Jefferies Adjusts Money Forward's Price Target to 6,800 Yen From 5,000 Yen, Keeps at Buy	Jan. 31	MT
Money Forward Narrows Loss in Fiscal Year 2023 as Revenue Surges 42%	Jan. 16	MT
Money Forward, Inc. Announces Etsuko Okajima to Resign as External Director	Dec. 21	CI
Money Forward's Chief Executive Increases Stake to Over 17%	Dec. 04	MT
Money Forward Anticipates Special Loss of 772 Million Yen After Merger with Subsidiary	Nov. 29	MT
Money Forward CEO Buys Company Shares Worth 544 Million Yen	Nov. 07	MT
Jefferies Upgrades Money Forward to Buy From Hold, Adjusts Price Target to 5,000 Yen From 5,600 Yen	Nov. 07	MT
Money Forward Narrows Loss in Fiscal Nine-Month Period	23-10-17	MT
Money Forward, Inc. Announces Consolidated Earnings Forecast for the Fourth Quarter Ending November 30, 2023	23-10-17	CI
Money Forward, Inc. Revises Consolidated Earnings Guidance for the Year Ending November 30, 2023	23-10-13	CI
Mesh announced that it has received $22 million in funding from a group of investors	23-09-20	CI
Mesh Connect, Inc. announces tranche update	23-09-20	CI
Mesh Connect, Inc. announced that it expects to receive $33.703657 million in funding	23-08-27	CI
Money Forward Revises Net Sales Forecast Upwards to 6.2% for Fiscal Year 2023	23-07-19	MT
Money Forward, Inc. Revises Consolidated Earnings Guidance for the Year Ending November 30, 2023	23-07-18	CI
Starley Co., Ltd. announced that it has received Â¥100 million in funding from Money Forward, Inc.	23-06-22	CI
Money Forward Allots Restricted Stock Compensation	23-04-10	MT
Money Forward to Provide Restricted Stock Compensation	23-03-20	MT
Money Forward to Record Remuneration Expense of 140 Million Yen in Upcoming Quarter	23-02-22	MT

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Company Profile

Money Forward,Inc. is a Japan-based company principally engaged in the platform service business. The Company provides two services. The money forward cloud service is involved in the provision of a cloud enterprise resources planning (ERP) service platform. The platform provides management support for medium-sized and small enterprises to improve efficiency of management and back office operations based on data. The personal financial management (PFM) service is involved in the operation of Money Forward ME platform for solving problems and issues related to personal money through various services.

Sector

Software

Calendar

2024-07-15 - Q2 2024 Earnings Release (Projected)

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ESG Refinitiv

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Sell

Buy

Mean consensus

BUY

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Last Close Price

5,471 JPY

Average target price

7,450 JPY

Spread / Average Target

+36.17%

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