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Note : This document has been translated from the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . Consolidated Financial Results for the Nine Months Ended August 31 , 2026 ( Under Japanese GAAP ) Company name : Money Forward , Inc. Listing : Tokyo Stock Exchange Securities code : 3994 URL : https://corp.moneyforward.com Representative : Yosuke Tsuji Inquiries : Shun Matsuoka Telephone : + 81-3 ( 6453 ) 9160 Scheduled date to commence dividend payments : - Representative Director , President and Group CEO Executive Officer and Group CAO Preparation of supplementary material on financial results : Yes Holding of financial results briefing : Yes October 15 , 2026 RA FASF ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the nine months ended August 31 , 2026 ( from December 1 , 2025 to August 31 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Net sales SaaS ARR Adjusted EBITDA Operating profit Ordinary profit Millions of Millions of Millions Millions of Nine months ended August 31 , 2026 yen 46,908 August 31 , 2025 Note : Comprehensive income % 32.9 35,306 19.0 yen % 48,645 29.7 37,519 34.2 of yen % 9,896 196.5 3,338 124.9 yen 1,686 ( 1,979 ) % Millions of yen % Profit attributable to owners of parent Millions of yen % - 328 - 498 - - ( 2,375 ) ( 3,384 ) For the nine months ended August 31 , 2026 : For the nine months ended August 31 , 2025 : Basic earnings ¥ 2,552 million - % ] ¥ ( 2,714 ) million [ - % ] per share Diluted earnings per share Nine months ended Yen Yen August 31 , 2026 August 31 , 2025 8.96 8.99 ( 61.43 ) ( Note 1 ) ARR stands for " Annual Recurring Revenue . " Home segment ARR consists of premium subscription revenue and certain other finance - related revenues . Business segment ARR consists of subscription revenue from services including Money Forward Cloud , STREAMED , Manageboard , V - ONE Cloud , Money Forward Certified Member System , Money Forward Admina , Money Forward Kakebarai , Money Forward Business Card , and Money Forward Early Payment . However , in Q1 and Q2 , to adjust for the seasonal impact of the tax return filing period , one - third of the subscription revenue from STREAMED is calculated as MRR.X segment ARR consists of operation and maintenance revenue from co - creation projects with financial institutions , along with subscription revenue from services for financial institution customers , such as the Mikatano series and Money Forward for Financial Institutions & Specific Services . Fintech ARR is calculated by treating one - third of the relevant quarter's revenue from Money Forward Business Card , Money Forward Early Payment , the invoice card payment function in Money Forward Cloud Invoice Issuing , and Money Forward Invoice Card Pay as MRR . Additionally , as ARR is an indicator of recurring revenue , highly seasonal payments are excluded , meaning not all transaction revenue is converted into ARR . ( Note 2 ) Adjusted EBITDA = EBITDA ( Operating profit ( loss ) + depreciation and amortization + tax expenses included in operating expenses + share - based remuneration expenses ) + one - time M & A - related expenses + other one - time expenses . ( 2 ) Consolidated financial position As of August 31 , 2026 November 30 , 2025 Reference : Equity Total assets Net assets Equity - to - asset ratio Millions of yen 139,353 127,567 Millions of yen % 58,470 29.7 55,865 32.0 ¥ 41,371 million ¥ 40,861 million As of August 31 , 2026 : As of November 30 , 2025 :