Money Forward (TYO:3994) narrowed its attributable loss to 1.12 billion yen for the fiscal first quarter ended Feb. 28, from 1.32 billion yen a year ago, after higher net sales were bolstered by foreign exchange gains and extraordinary income.
The software company's loss per share (EPS) narrowed to 20.44 yen from 24.33 yen a year ago, according to a Tuesday bourse filing.
Net sales jumped 23% to 11.7 billion yen from 9.54 billion yen a year earlier.
For the fiscal year ending Nov 30, the company expects attributable loss to widen to between 4.40 billion and 6.80 billion, or between 80.15 yen or 123.86 yen per share, while net sales are expected to increase 23% to 29% to between 49.50 billion yen and 52.10 billion yen.
The company does not expect to pay any dividends for the current fiscal year. It did not declare any dividends for fiscal 2024.
Money Forward's shares shed nearly 4% at market close.
Price (JPY): $3860.00, Change: $-140, Percent Change: -3.50%
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