Money Forward to Acquire Sony Biz Networks’ AKASHI Attendance System and Forge Strategic Alliance

Money Forward ( (JP:3994) ) just unveiled an announcement.

Money Forward will acquire Sony Biz Networks’ cloud-based attendance management system AKASHI and its back-office focused owned media somu-lier via an absorption-type company split, paying 4.18 billion yen in cash. The move is designed to broaden Money Forward’s HR product lineup for medium-sized enterprises, while a planned strategic alliance between subsidiary Money Forward i and Sony Biz Networks aims to deepen sales and technical collaboration, enhance value in the back-office domain, and support both firms’ efforts to expand market share.

Under the deal, Money Forward will succeed selected assets, liabilities, contracts, and related rights and obligations of the two businesses, with the split scheduled to take effect on March 31, 2026, without shareholder meeting approval at either company. Management expects no issues in fulfilling obligations after completion, and the cash consideration was set using a DCF-based valuation reflecting past performance and future business plans for the acquired operations.

The most recent analyst rating on (JP:3994) stock is a Hold with a Yen3318.00 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 Japanese fintech and software company listed on the TSE Prime that develops, sells, and supports the Money Forward Cloud suite of back-office and accounting services. Its core customer base consists of sole proprietors and small to medium-sized enterprises, with a growing focus on expanding HR and back-office solutions for medium-sized companies.

Average Trading Volume: 783,774

Technical Sentiment Signal: Sell

Current Market Cap: Yen183.1B

See more data about 3994 stock on TipRanks’ Stock Analysis page.