Page 1

Translation Notice : This document is an excerpt translation of the original Japanese document and is only for reference purposes . In the event of any discrepancy between this translated document and the original Japanese document , the latter shall prevail . Summary of Consolidated Financial Results for the Three Months Ended February 28 , 2021 ( Based on Japanese GAAP ) Company name : Money Forward , Inc. Stock exchange listing : Tokyo Stock code : 3994 URL https://corp.moneyforward.com Representative : Representative Director , President and CEO Yosuke Tsuji Inquiries : Director , Executive Officer and CFO Scheduled date to file Quarterly Securities Report : Naoya Kanesaka April 13 , 2021 TEL 03 ( 6453 ) 9160 Scheduled date to commence dividend payments : Preparation of supplementary material on quarterly financial results : Holding of quarterly financial results meeting : Yes Yes ( for institutional investors and analysts ) April 13 , 2021 ( Amounts less than one million yen are rounded down ) 1. Consolidated financial results for the three months ended February 28 , 2021 ( from December 1 , 2020 to February 28 , 2021 ) ( 1 ) Consolidated operating results ( cumulative ) Percentages indicate year - on - year changes Net sales EBITDA Operating profit Ordinary profit Millions of yen Three months ended February 28 , 2021 3,466 % Millions of yen 44.8 % Millions of yen 358 80 % Millions of yen 74 Profit attributable to owners of parent % Millions of yen % 64 Three months ended February 29 , 2020 2.393 71.3 ( 459 ) ( 631 ) ( 656 ) ( Note ) Comprehensive income ( millions of yen ) Three months ended February 28 , 2021 : ( 100 ) ( - % ) . Three months ended February 29 , 2020 : ( 747 ) ( - % ) ( 669 ) Earnings per share Diluted earnings per share Yen Yen Three months ended February 28 , 2021 1.30 Three months ended February 29 , 2020 1.35 ( 14.60 ) * EBITDA = Operating profit ( loss ) + depreciation and amortization + tax expenses included in operating expenses + share - based remuneration expenses * The Company conducted a 2 - for - 1 stock split of common stock effective on December 1 , 2020. Therefore , earnings per share and diluted earnings per share are calculated on the assumption that the said stock split was conducted at the beginning of the previous fiscal year . ( 2 ) Consolidated financial position As of February 28 , 2021 As of November 30 , 2020 Total assets Millions of yen Net assets Millions of yen Equity ratio % 21,246 10,350 45.9 21,711 10,237 44.3 ( Reference ) Equity ( millions of yen ) As of February 28 , 2021 : 9,749 . As of November 30 , 2020 : 9,618 . 2. Cash dividends Year ended November 30 , 2020 Year ending November 30 , 2021 Year ending November 30 , 2021 ( Forecast ) 1st quarter - end 2nd quarter - end Annual dividends per 3rd quarter - end share Fiscal year - end Total Yen Yen 0.00 Yen Yen Yen 0.00 0.00 0.00 0.00 0.00 ( Note ) Revisions to most recent dividend forecast : None 3. Forecast of consolidated financial results for the year ending November 30 , 2021 ( from December 1 , 2020 to November 30 , 2021 ) Percentages indicate year - on - year changes Profit attributable to Earnings per Net sales EBITDA Operating profit Millions of yen % 14,750 30.3 Full year ~ 15,750 ~ 39.2 Millions of yen 100 ~ 500 % Millions of yen % ( 1,196 ) ~ ( 796 ) 1 Ordinary profit Millions of yen ( 1,261 ) ~ ( 861 ) owners of parent share % Millions of yen % Yen ( 1,308 ) ( 27.42 ) ~ ( 908 ) ~ ( 19.04 )