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.

Japan Weekly | Z Holdings, Money Forward, Screen, Lasertec

Good Morning Japan |4 /5 as SPX Weekly Wins Continue;Blow Out NFP Report ! BoJ's Amamiya "THE ONE" ?

Money Forward (3994) | Costs Under Control

Money Forward (3994) | Major Improvement in Corporate Client Acquisition

Money Forward (3994) | SaaS Crash Survivor

Equity Bottom-Up

<ul>
<li>Money Forward Q4 sales rose +42% YoY to Y6.2bn driven by corporate ARR (+55% YoY)</li>
<li>Full year revenue guidance for FY11/23 is in line with consensus </li>
<li>We still see over 20% upside in the stock if the company hits the top end of revenue guidance</li>
</ul>


Money Forward Q4 sales rose +42% YoY to Y6.2bn driven by corporate ARR (+55% YoY)
Full year revenue guidance for FY11/23 is in line with consensus 
We still see over 20% upside in the stock if the company hits the top end of revenue guidance


Money Forward (3994) | Corporate ARR +55% YoY