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Money Forward Revises Board Plan to Ensure Majority of External Directors

Story Highlights
  • Money Forward will shift to a board where external directors hold a majority to strengthen corporate governance.
  • The company withdrew one internal director candidate, added three new external nominees, and is rotating out three long-serving external directors under its term and age rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Money Forward Revises Board Plan to Ensure Majority of External Directors

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Money Forward ( (JP:3994) ) has issued an announcement.

Money Forward has revised its proposed management structure for the 15th fiscal year to further strengthen corporate governance, deciding that external directors will constitute a majority of its board. Following feedback from capital markets, the company will withdraw the nomination of new internal director candidate Yotaro Agari—who will remain an executive officer—and instead nominate three new external directors, while three current external directors retire in line with term limit and age guidelines. The new slate maintains several existing independent external directors and adds three more candidates who meet Tokyo Stock Exchange independence requirements, signaling a stronger emphasis on board independence and alignment with governance best practices ahead of the February 2026 shareholders’ meeting.

The most recent analyst rating on (JP:3994) stock is a Hold with a Yen4573.00 price target. To see the full list of analyst forecasts on Money Forward stock, see the JP:3994 Stock Forecast page.

More about Money Forward

Money Forward, Inc. is a Japan-based fintech company listed on the Tokyo Stock Exchange Prime Market that provides cloud-based financial management, accounting and back-office services to individuals and businesses, with a focus on improving financial visibility and operational efficiency for its users.

YTD Price Performance: -8.59%

Average Trading Volume: 581,960

Technical Sentiment Signal: Sell

Current Market Cap: Yen245B

For a thorough assessment of 3994 stock, go to TipRanks’ Stock Analysis page.

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