Money Forward Inc (MNFYY) Balance Sheet

NYSE: MNFYYAssets, liabilities, debt and equity over 5 years.

MNFYY balance sheet, FY2025

November 30, 2025 · Japanese yen

¥127.57B assets = ¥71.70B liabilities + ¥55.87B equity

What it owns¥127.57BCash & ST investments: ¥48.80B (38.3%)Cash & ST investments¥48.80B · 38%Receivables: ¥7.09B (5.6%)Inventory: ¥87.9M (0.1%)Other current: ¥17.29B (13.6%)Other current¥17.29B · 14%PP&E: ¥3.08B (2.4%)Goodwill & intangibles: ¥26.83B (21.0%)Goodwill & intangibles¥26.83B · 21%Other non-current: ¥24.38B (19.1%)Other non-current¥24.38B · 19%=How it is financed¥127.57BCurrent liabilities: ¥46.47B (36.4%)Current liabilities¥46.47B · 36%Long-term debt: ¥22.99B (18.0%)Long-term debt¥22.99B · 18%Other LT liabilities: ¥2.24B (1.8%)Shareholders’ equity: ¥55.87B (43.8%)Shareholders’ equity¥55.87B · 44%

Both columns are drawn to the same scale: what MNFYY owns equals what it owes plus shareholders’ equity. Hover a block for its value.

MNFYY financial health

Current ratio1.58
Comfortable · current assets cover current liabilities 1.58×
Debt / equity0.41
Low leverage · ¥0.41 of debt for each $1 of equity
Equity / assets43.8%
Equity-funded · of assets funded by shareholders
Cash / debt212.2%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles21.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

MNFYY balance sheet trends, FY2021–FY2025

MetricTrendThenLatestChange
Total assets¥56.94BFY2021¥127.57BFY2025+22.3%/yr
Total liabilities¥14.61BFY2021¥71.70BFY2025+48.8%/yr
Shareholders’ equity¥42.33BFY2021¥55.87BFY2025+7.2%/yr
Cash & short-term investments¥37.29BFY2021¥48.80BFY2025+7.0%/yr
Total debt¥2.14BFY2021¥22.99BFY2025+81.0%/yr
Net cash (debt)¥35.15BFY2021¥25.80BFY2025−¥9.4B
Working capital¥31.75BFY2021¥26.80BFY2025−¥4.9B
Current ratio3.59FY20211.58FY2025−2.01
Debt / equity0.05FY20210.41FY2025+0.36
Shares outstanding53.3MFY202155.3MFY2025+0.9%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

MNFYY assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

MNFYY liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

MNFYY debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

MNFYY balance sheet in Japanese yen

FY2025FY2024FY2023FY2022FY2021
Assets
Cash & short-term investments¥48.80B¥50.46B¥42.52B¥28.48B¥37.29B
Cash & equivalents¥40.97B¥45.25B¥38.86B¥26.71B¥36.22B
Short-term investments¥7.82B¥5.21B¥3.67B¥1.77B¥1.07B
Receivables¥7.09B¥5.33B¥4.14B¥2.33B¥1.52B
Inventory¥87.9M¥20.6M¥12.0M¥20.4M¥21.8M
Other current assets¥17.29B¥10.52B¥8.32B¥7.99B¥5.19B
Total current assets¥73.27B¥66.33B¥55.00B¥38.82B¥44.03B
Property, plant & equipment (net)¥3.08B¥2.26B¥2.15B¥1.89B¥1.14B
Goodwill & intangible assets¥26.83B¥17.05B¥13.47B¥10.98B¥6.11B
Long-term investments¥0¥0¥0¥0¥0
Other non-current assets¥24.38B¥20.56B¥17.67B¥14.31B¥5.67B
Total assets¥127.57B¥106.19B¥88.28B¥65.99B¥56.94B
Liabilities
Accounts payable¥235.1M¥292.8M¥370.3M¥341.0M¥211.9M
Total current liabilities¥46.47B¥39.53B¥30.78B¥23.96B¥12.28B
Long-term debt¥22.99B¥20.90B¥21.95B¥6.37B¥2.14B
Other long-term liabilities¥2.24B¥1.09B¥893.5M¥572.0M¥192.1M
Total liabilities¥71.70B¥61.52B¥53.62B¥30.90B¥14.61B
Shareholders' equity
Retained earnings (deficit)−¥7.69B−¥8.99B−¥8.38B−¥10.69B−¥2.76B
Minority interest¥12.02B¥7.24B¥6.33B¥2.45B—
Total shareholders' equity¥55.87B¥44.68B¥34.66B¥35.08B¥42.33B
Key figures
Total debt¥22.99B¥20.90B¥21.95B¥6.37B¥2.14B
Net cash (debt)¥25.80B¥29.57B¥20.58B¥22.11B¥35.15B
Working capital¥26.80B¥26.80B¥24.22B¥14.85B¥31.75B
Tangible book value¥29.03B¥27.63B¥21.20B¥24.11B¥36.23B
Shares outstanding55.3M54.6M54.1M53.8M53.3M
Current ratio1.581.681.791.623.59
Quick ratio1.201.411.521.293.16
Debt / equity0.410.470.630.180.05
Equity / assets43.8%42.1%39.3%53.2%74.3%

Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported (latest annual report filed —); data from EODHD.

MNFYY financial position

At the end of fiscal 2025 (November 30, 2025), Money Forward had total assets of ¥127.6 billion (up 20.1% from a year earlier), total liabilities of ¥71.7 billion and shareholders' equity of ¥55.9 billion. It held ¥48.8 billion in cash and short-term investments against ¥23.0 billion of debt, a net cash position of ¥25.8 billion. Its current ratio was 1.58. In the latest quarter (ended May 31, 2026) total assets were ¥143.6 billion and equity ¥44.6 billion.

Related: MNFYY income statement, MNFYY cash flow statement, MNFYY key metrics. See the MNFYY stock overview for the latest quote and news.

MNFYY balance sheet FAQ

What are Money Forward's total assets?

Money Forward reported total assets of ¥127.6 billion at the end of fiscal 2025 (November 30, 2025), compared with ¥106.2 billion a year earlier.

How much debt does Money Forward have?

Money Forward had ¥23.0 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.41.

How much cash does Money Forward have?

Money Forward held ¥48.8 billion in cash and short-term investments at the end of fiscal 2025; with ¥23.0 billion of debt that is net cash of ¥25.8 billion.

What is Money Forward's book value?

Money Forward's shareholders' equity (book value) was ¥55.9 billion at the end of fiscal 2025.

What is Money Forward's current ratio?

Money Forward had current assets of ¥73.3 billion and current liabilities of ¥46.5 billion, a current ratio of 1.58 (it can cover its short-term obligations).

How much goodwill does Money Forward have?

Money Forward carried ¥26.8 billion of goodwill and intangible assets, 21.0% of total assets, at the end of fiscal 2025.

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