Money Forward, the Tokyo-listed maker of cloud accounting and personal-finance software, reported a net profit of ¥553.7mn for the six months to the end of May, reversing a ¥2.2bn net loss in the same period a year earlier. Revenue rose 24.8% to ¥28.99bn, adjusted EBITDA jumped 168.7% to ¥5.09bn, and the operating loss narrowed to ¥209.1mn from ¥1.59bn.
The improvement was broad-based rather than a single windfall. Group-wide SaaS annual recurring revenue rose 34.2% to ¥47.67bn, with corporate-client ARR in the Business segment up 36.4% to ¥36.77bn. The company added a net 13,971 paying corporate customers in the quarter, a record, and mid-market ARR net additions of ¥2.18bn were also the highest on record.
Off the back of that performance, Money Forward raised its full-year targets for the fiscal year ending in November, citing strength in the Business segment's Fintech area and a planned booking of ¥2.13bn in investment-security sales in the Finance segment's third quarter. The Finance segment's own guidance line was lifted from a ¥0-¥1.0bn range to roughly ¥2.1bn to accommodate that planned sale.
| Metric | Previous Guidance (April 14, 2026) | Revised Guidance (July 13, 2026) |
|---|---|---|
| Revenue | ¥53.4bn–¥57.6bn | ¥60.5bn–¥62.3bn |
| Adjusted EBITDA | ¥8.0bn–¥10.0bn | ¥10.5bn–¥11.5bn |
| Operating profit/(loss) | -¥2.5bn to +¥0.5bn | -¥0.5bn to +¥1.5bn |
| Net profit/(loss) attributable to parent | -¥3.7bn to -¥0.7bn | -¥3.2bn to -¥0.7bn |
The net profit forecast has now been revised upward twice this fiscal year, following an earlier increase tied to a gain on securities sales in the first quarter. The Finance segment runs Money Forward's HIRAC FUND venture-capital business, whose investment gains have become a recurring input into the company's earnings guidance.
On the balance sheet, total assets rose to ¥143.63bn from ¥127.57bn at the last fiscal year-end, while the equity ratio slipped to 28.7% from 32.0% as long-term loans payable rose to ¥17.88bn from ¥10.99bn. Operating cash flow turned positive at ¥5.05bn, compared with a ¥1.85bn outflow a year earlier, and cash and equivalents stood at ¥44.54bn. The interim report, filed alongside the earnings release, notes it was not reviewed by an external auditor.