Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

Money Forward (3994) | Looking Forward to Q2

Money Forward (3394) | A Growth Stock for 2024

Money Forward (3394) | Looking Forward - Q4 Preview

Money Forward (3994) | A Deep Dive into the Corporate Business

Equity Bottom-Up

<ul>
<li>Results flash: Q4 sales +42%; Adjusted EBITDA at record high of 1.2 billion yen</li>
<li>Key focus remains Business SaaS where sales rose +52% YoY to 5.5 billion</li>
<li>Business earnings driven by acquisition of medium-sized corporates (+40% YoY) and higher ARPU (+22% YoY)</li>
</ul>


Results flash: Q4 sales +42%; Adjusted EBITDA at record high of 1.2 billion yen
Key focus remains Business SaaS where sales rose +52% YoY to 5.5 billion
Business earnings driven by acquisition of medium-sized corporates (+40% YoY) and higher ARPU (+22% YoY)


Money Forward

Money Forward (3994) | Best Quarter Ever