マネーフォワード（3994） – [Delayed]Summary of Consolidated Financial Results for the Three Months Ended February 28, 2022

Translation Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail. Summary of Consolidated Financial Results for the Three Months Ended February 28, 2022 (Based on Japanese GAAP) April 13, 2022 Company name: Stock exchange listing: Tokyo Stock code: 3994 Money Forward, Inc. URL https://corp.moneyforward.com Representative: Inquiries: Representative Director, President and CEO Yosuke Tsuji Executive Officer and Accounting Department Manager Shun Matsuoka Scheduled date to file Quarterly Securities Report: April 13, 2022 TEL 03(6453)9160 Scheduled date to commence dividend payments: Preparation of supplementary material on quarterly financial results: Yes Yes Holding of quarterly financial results meeting: 1. Consolidated financial results for the three months ended February 28, 2022 (from December 1, 2021 to February 28, 2022) (for institutional investors and analysts) – (Amounts less than one million yen are rounded down) (1) Consolidated operating results (cumulative) Net sales SaaS ARR*1 EBITDA*2 Three months ended February 28, 2022 Three months ended February 28, 2021 Millions of yen 4,755 3,466 % Millions of yen 12,904 9,224 37.2 44.8 % Millions of yen (1,159) 358 39.9 35.4 (Note)Comprehensive income (millions of yen) Three months ended February 28, 2022: (1,779) (-%). Three months ended February 28, 2021: (100) (-%) Percentages indicate year-on-year changes Ordinary profit Operating profit % Millions of yen (1,638) – 80 – % Millions of yen (1,655) – 74 – % – – Three months ended February 28, 2022 Three months ended February 28, 2021 Profit attributable to owners of parent % Millions of yen – (1,668) – 64 Earnings per share Diluted earnings per share Yen (31.28) 1.35 Yen – 1.30 *1 SaaS ARR is 12 times the monthly recurring revenue of Home, Business, X and Finance domains in the last month of each term. In order to adjust for seasonal factors of STREAMED, its MRR is calculated as one-third of the revenue from STREAMED in Q1 and Q2 of each fiscal year. *2 EBITDA=Operating profit(loss) + depreciation and amortization + tax expenses included in operating expenses + share-based remuneration expenses (Note) Diluted earnings per share is not disclosed because it is anti dilutive due to the Company’s net loss position. (2) Consolidated financial position As of February 28, 2022 As of November 30, 2021 Total assets Net assets Equity ratio Millions of yen 59,563 56,942 Millions of yen 40,339 42,332 % 64.3 71.1 (Reference) Equity (millions of yen) As of February 28, 2022: 38,270. As of November 30, 2021: 40,491. 2. Cash dividends Annual dividends per share 1st quarter-end Year ended November 30, 2021 Year ending November 30, 2022 Year ending November 30, 2022 (Forecast) (Note) Revisions to most recent dividend forecast: None Yen – – 2nd quarter-end Yen – 3rd quarter-end Yen – 0.00 – Fiscal year-end Total Yen – 0.00 Yen – 0.00 1 3. Forecast of consolidated financial results for the year ending November 30, 2022 (from December 1, 2021 to November 30, 2022) In the fiscal year ending November 30, 2022, the Company will execute investments more flexibly mainly in Business domain, while monitoring the return on investment and market environment. As such, it is difficult to calculate a reasonable earnings forecast for the full year, and the Company plans to continuously disclose the earnings forecast for the next quarter. Percentages indicate year-on-year changes Net sales SaaS ARR*1 EBITDA*2 Full year Millions of yen 20,322 ~21,886 % Millions of yen 15,718 ~16,841 30.0 ~40.0 40.0 ~50.0 % Millions of yen % – – Operating profit Ordinary profit Profit attributable to owners of parent Earnings per share Full year Millions of yen – % Millions of yen – – % Millions of yen – – % – Yen – % – % – The percentages indicate changes from the same period of the previous fiscal year Net sales SaaS ARR EBITDA Six months ending Millions of yen 4,752 ~5,072 % Millions of yen 13,576 ~13,982 19.0 ~27.0 % Millions of yen (1,900) ~(1,400) 34.0 ~38.0 Operating profit Ordinary profit Profit attributable to owners of parent Earnings per share Six months ending Millions of yen (2,400) ~(1,900) % Millions of yen (2,500) ~(2,000) – % Millions of yen (2,550) ~(2,050) – Yen (47.67) ~(38.32) (Note) Revisions to most recent dividend forecast: None *1 SaaS ARR is 12 times the monthly recurring revenue of Home, Business, X and Finance domains in the last month of each term. In order to adjust for seasonal factors of STREAMED, its MRR is calculated as one-third of the revenue from STREAMED in Q1 and Q2 of each fiscal year. *2 EBITDA=Operating profit(loss) + depreciation and amortization + tax expenses included in operating expenses +share-based remuneration (Note) Advertising expenses for the six months ending May 31, 2022, are expected to range from 1,600 million yen to 1,800 million yen. 4. Notes (1) Changes in significant subsidiaries during the three months ended February 28, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation): (2) Application of special accounting methods for preparing quarterly consolidated financial statements: Yes (3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements Changes in accounting policies due to revisions to accounting standards and other regulations: Changes in accounting policies due to other reasons: Changes in accounting estimates: Restatement of prior period financial statements: No Yes No No No (4) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) As of February 28, 2022 53,394,460 shares As of November 30, 2021 53,382,460 shares Number of treasury shares at the end of the period As of February 28, 2022 44,038 shares As of November 30, 2021 36,475 shares Average number of shares during the period (cumulative from the beginning of the fiscal year) Three months ended February 28, 2022 53,346,042 shares Three months ended February 28, 2021 47,755,477 shares 2 As of November 30, 2021 As of February 28, 2022 (Thousands of yen) Quarterly Consolidated Financial Statements Consolidated Balance Sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Notes and accounts receivable – trade, and contract assets Operational investment securities Inventories Purchased receivables Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Intangible assets Goodwill Software Software in progress Total intangible assets Investments and other assets Investment securities Leasehold and guarantee deposits Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 36,220,522 1,516,402 – 1,074,286 21,762 4,222,155 1,073,146 (102,517) 44,025,758 537,330 3,068,762 2,313,203 723,223 6,105,189 5,006,164 606,325 712,468 (50,678) 6,274,279 12,916,799 56,942,558 33,343,853 – 1,883,304 1,370,178 14,818 5,514,527 1,596,505 (76,371) 43,646,815 602,738 4,847,076 2,702,619 1,042,702 8,592,397 5,378,647 726,260 667,144 (50,678) 6,721,374 15,916,510 59,563,326 3 As of November 30, 2021 As of February 28, 2022 (Thousands of yen) 211,852 4,700,000 1,713,041 1,822,487 908,826 350,189 1,722,767 – 34,506 – 644 – 812,054 12,276,371 2,141,100 2,376 189,728 2,333,205 14,609,576 25,775,494 17,233,262 (2,755,553) (850) 40,252,352 228,409 10,898 239,307 38,529 1,802,791 42,332,981 56,942,558 257,510 6,580,000 1,751,311 3,823,286 940,350 120,512 – 2,629,708 45,451 15,024 18,355 3,304 818,089 17,002,903 2,079,466 2,484 139,277 2,221,228 19,224,132 25,783,805 15,316,673 (3,013,207) (850) 38,086,420 157,990 26,440 184,431 37,086 2,031,255 40,339,194 59,563,326 Liabilities Current liabilities Accounts payable – trade Short-term loans payable Current portion of long-term loans payable Accounts payable – other Accrued expenses Income taxes payable Unearned revenue Contract liabilities Provision for bonuses Provision for bonuses for directors (and other officers) Provision for points Provision for loss on order received Other Total current liabilities Non-current liabilities Long-term loans payable Retirement benefit liability Other Total non-current liabilities Total liabilities Net assets Shareholders’ equity Capital stock Capital surplus Retained earnings Treasury shares Total shareholders’ equity Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Total accumulated other comprehensive income Share acquisition rights Non-controlling interests Total net assets Total liabilities and net assets 4 Consolidated Statements of Income (cumulative) and Consolidated Statements of Comprehensive Income (cumulative) Consolidated Statements of Income (cumulative) Three months ended February 28, 2021 Three months ended February 28, 2022 (Thousands of yen) Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating profit (loss) Non-operating income Interest income Dividend income Consumption taxes refund Gain on investments in investment partnerships Other Total non-operating income Non-operating expenses Interest expenses Share of loss of entities accounted for using equity method Foreign exchange losses Other Total non-operating expenses Ordinary profit (loss) Extraordinary income Gain on reversal of share acquisition rights Total extraordinary income Profit (loss) before income taxes Income taxes Profit (loss) Loss attributable to non-controlling interests Profit (loss) attributable to owners of parent 3,466,847 924,038 2,542,808 2,462,234 80,574 36 – 9,013 – 1,050 10,100 10,981 – 3,910 971 15,864 74,810 1,210 1,210 76,021 23,104 52,917 (11,538) 64,456 4,755,785 1,612,405 3,143,380 4,782,203 (1,638,822) 170 521 – 930 544 2,167 14,484 189 3,592 240 18,506 728 728 (1,655,161) (1,654,432) 69,984 (1,724,416) (55,658) (1,668,757) 5 Consolidated Statements of Comprehensive Income (cumulative) (Thousands of yen) Three months ended February 28, 2021 Three months ended February 28, 2022 Profit (loss) Other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 52,917 52,265 (4,191) 48,074 100,991 112,530 (11,538) (1,724,416) (70,418) 15,542 (54,876) (1,779,293) (1,723,634) (55,658) 6