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 Six Months Ended May 31 , 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 Executive Officer and Accounting Inquiries : Department Manager Scheduled date to file Quarterly Securities Report : Shun Matsuoka TEL 03 ( 6453 ) 9160 July 15 , 2021 Scheduled date to commence dividend payments : Preparation of supplementary material on quarterly financial results : Yes Holding of quarterly financial results meeting : Yes ( for institutional investors and analysts ) July 15 , 2021 1. Consolidated financial results for the six months ended May 31 , 2021 ( from December 1 , 2020 to May 31 , 2021 ) ( 1 ) Consolidated operating results ( cumulative ) Net sales EBITDA Operating profit Ordinary profit Millions of yen % Six months ended May 31 , 2021 7,460 43.1 Millions of yen 648 % Millions of yen % Six months ended May 31 , 2020 5,214 70.5 ( 880 ) 44 ( 1,245 ) Millions of yen 28 ( 1,287 ) ( Amounts less than one million yen are rounded down ) Percentages indicate year - on - year changes Profit attributable to owners of parent % % Millions of yen 20 ( 1,274 ) ( Note ) Comprehensive income ( millions of yen ) Six months ended May 31 , 2021 : 29 ( - % ) . Six months ended May 31 , 2020 : ( 1,221 ) ( - % ) Earnings per share Diluted earnings per share Yen Yen 0.41 Six months ended May 31 , 2021 Six months ended May 31 , 2020 0.43 ( 27.77 ) * EBITDA = Operating profit ( loss ) + depreciation and amortization + tax expenses included in operating expenses + share - based remuneration expenses * Diluted earnings per share for the six month period ended May 31 , 2020 , is not disclosed because it is anti dilutive due to the Company's net loss position . * The Company conducted a 2 - for - 1 stock split of common stock effective on December 1 , 2020. Therefore , earnings per share is 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 May 31 , 2021 As of November 30 , 2020 Total assets Millions of yen 24,251 21,711 Net assets Millions of yen 11,452 10,237 Equity ratio % 42.5 44.3 ( Reference ) Equity ( millions of yen ) As of May 31 , 2021 : 10,297 . As of November 30 , 2020 : 9,618 2. Cash dividends Annual dividends per share 1st quarter - end 2nd quarter - end 3rd quarter - end Fiscal year - end Total Yen Yen Yen Yen Yen Year ended November 30 , 2020 0.00 0.00 0.00 Year ending November 30 , 2021 0.00 Year ending November 30 , 2021 ( Forecast ) 0.00 0.00 ( Note ) Revisions to most recent dividend forecast : None