Money Forward: Hitting 2024 targets, missing 2025 expectations
Money Forward, with a fiscal year that runs from December to November, reported fiscal year 2024 results last week. While these numbers came in largely in line with expectations, the forecast for fiscal year 2025 rattled investors.
The shares went "limit down" on Wednesday, and continued sliding on Thursday, at one point giving up around 25% of market cap, but then recovered relatively well into the close on Friday. The reason? Money Forward announced that its consolidated operating loss for the fiscal year ending November 2025 is likely to be between 2.3 and 4.7 billion yen, while the market consensus was a profit of 1.3 billion yen.
In addition, during the Q&A session following the results presentation, management provided unconvincing answers on the strategic measures required to move from the 40 billion yen in sales during the past fiscal year to 100 billion yen by November 2028.
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