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 Deep Dive into the Corporate Business

Japan Weekly | Stocks Sink; Activists Lift Stakes in Rinnai, Topcon, Kureha

Money Forward (3394) | A Growth Stock for 2024

Money Forward (3994) | Costs Under Control

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

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

Equity Bottom-Up

<ul>
<li>Money Forward's share price dipped 20% post-Q2 results, but strong operational performance and upward sales revisions make it appealing.</li>
<li>We expect 42% YoY sales growth in Q3 and believe long-term growth prospects remain exceptional against the market size.</li>
<li>Management to deliver profitability next FY, meeting investor demands to “show me the money” - we remain bullish</li>
</ul>


Money Forward's share price dipped 20% post-Q2 results, but strong operational performance and upward sales revisions make it appealing.
We expect 42% YoY sales growth in Q3 and believe long-term growth prospects remain exceptional against the market size.
Management to deliver profitability next FY, meeting investor demands to “show me the money” - we remain bullish


Money Forward

Money Forward (3994) | Show Me the Money