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): A Must-Buy Amid Yen Volatility

Tokio Marine Holdings - Net Profit +54% YoY, Non Life Premiums & Investment Income Are Drivers

Money Forward (3994) | Q3 Results and Strategic Expansion Fueling Long-Term Upside

Money Forward (3994) | Looking Forward to Q2

Equity Bottom-Up

<ul>
<li>Money Forward released Q2 results post market close on Friday. Revenue growth of +41% YoY beat our estimates by 7%.</li>
<li>We highlight continued solid financial metrics supported by growth in SaaS ARR and in particular mid-sized corporate growth.</li>
<li>No change to our bullish long-term view on the company. Stock has run up around 11% ahead of earnings but we see further 20%+ upside from here. </li>
</ul>


Money Forward released Q2 results post market close on Friday. Revenue growth of +41% YoY beat our estimates by 7%.
We highlight continued solid financial metrics supported by growth in SaaS ARR and in particular mid-sized corporate growth.
No change to our bullish long-term view on the company. Stock has run up around 11% ahead of earnings but we see further 20%+ upside from here. 


Money Forward

Money Forward (3994) | Metronomic Growth