Money Forward, Inc. (JP:3994) has released an update.
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Money Forward, Inc. has announced the creation of a new subsidiary, Money Forward X, Inc., through a simplified incorporation-type company split set for December 2, 2024. The purpose of this strategic move is to enhance flexibility and agility in their financial services sector, particularly in their X domain which collaborates closely with partners to drive digital transformation. The new subsidiary will focus on building partnerships and community-based financial services, with all shares of the new entity being wholly owned by Money Forward, Inc.
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