KK Money Forward

3994

Equity

ISIN JP3869960009 / Valor 38076453

Tokyo Stock Exchange (2024-11-21)

JPY 4,434.00+0.64%

KK Money Forward
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About company

KK Money Forward, established in 2012 by Yosuke Tsuji, is a financial technology company based in Japan that provides a range of digital financial services. The company offers personal financial management tools, including budgeting and expense tracking applications, as well as solutions for small and medium-sized enterprises (SMEs) such as cloud-based accounting software and invoicing systems. Money Forward aims to streamline financial operations and enhance financial literacy through its user-friendly platforms. The company leverages technology to simplify complex financial tasks, thereby helping individuals and businesses make informed financial decisions.

Summarized from source with an LLMView SourceSector: Technology

Record Quarterly Sales

In Q2 of the fiscal year ending November 30, 2024, KK Money Forward achieved a significant milestone by surpassing JPY 10 billion in quarterly sales for the first time since the company's establishment. This represents a 41% year-over-year (YoY) growth, highlighting the company's robust performance and market demand for its services.

Strong SaaS ARR Growth

KK Money Forward reported a 35% YoY increase in SaaS Annual Recurring Revenue (ARR), reaching JPY 26.84 billion in Q2 2024. This growth in stock revenue underscores the company's successful expansion in its subscription-based business model, particularly within the corporate segment.

Positive EBITDA

For Q2 2024, KK Money Forward posted a positive quarterly EBITDA of JPY 540 million, with an EBITDA margin of 5%. This marks the second consecutive quarter of profitability, indicating a stable financial footing and effective cost management strategies.

Corporate Client Growth

During Q2 2024, KK Money Forward saw an increase of 9,913 corporate clients, bringing the total number of corporate clients to a significant level. This growth is a key performance indicator (KPI) for the company, reflecting its successful client acquisition efforts and market penetration.

Mid-Sized Company ARR Increase

ARR for mid-sized companies grew by JPY 690 million from the previous quarter, demonstrating a strong performance in this segment. This increase highlights KK Money Forward's ability to cater to the needs of mid-sized enterprises, contributing to the overall growth of the company's ARR.

Summarized from source with an LLMView Source

Key figures

-4.85%1Y

-46.2%3Y

92.2%5Y

Performance

50.0%1Y

60.4%3Y

58.9%5Y

Volatility