Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Money Forward, Inc. ( (JP:3994) ) just unveiled an update.
Money Forward, Inc. has announced the transfer of its subsidiary, Nexsol Co., Ltd., to Sumitomo Mitsui Card Co., Ltd. and Sony Life Insurance Co., Ltd. This strategic move is part of a broader realignment of Money Forward’s B2C business strategies, aimed at enhancing Nexsol’s corporate value. As a result of this transfer, Nexsol will no longer be part of Money Forward’s consolidated financial statements, and the company has revised its net sales forecast for the fiscal year ending November 2025. This decision reflects Money Forward’s ongoing efforts to optimize its business operations and strengthen its market position.
More about Money Forward, Inc.
Money Forward, Inc. operates in the financial technology industry, providing services like personal finance management and business financial solutions. The company focuses on enhancing financial productivity and transparency for individuals and businesses.
YTD Price Performance: -15.97%
Average Trading Volume: 93
Technical Sentiment Signal: Buy
Current Market Cap: €1.38B
Find detailed analytics on 3994 stock on TipRanks’ Stock Analysis page.