Money Forward (3994) Investor presentation summary

Strategic business alliance and business succession

• Absorption-type split to acquire the AKASHI cloud-based attendance management system from Sony Biz Networks, effective March 31, 2026, with full funding by loans.

• Strategic partnership includes sales and technical alliances to expand market share and enhance value in the back-office domain.

• Customer referral partner agreement and technical alliance on SaaS management technology established to leverage both companies' strengths.

AKASHI business overview and market position

• AKASHI is a cloud-based attendance management system with advanced compliance, analytics, and integration features, serving 1,468 paying companies and generating ¥600mn ARR as of December 2025.

• The attendance management market is forecasted to grow at a 15.3% CAGR through FY2028.

• AKASHI supports integration with payroll, labor management, talent management, and other external services, with a strong track record across industries and company sizes.

Product lineup expansion and integration

• Acquisition of AKASHI enables full coverage of HR and labor relations products for mid-sized companies, addressing previously unmet needs.

• Integration with existing cloud products and rebranding as "Money Forward Cloud Attendance Plus" planned post-succession.

• Cross-selling and upselling opportunities are expected to increase ARPA and customer LTV.