Daily BriefsJapan

Japan: Money Forward and more

In today’s briefing:

  • TOPIX Inclusion: Money Forward (3994) Could Outperform Freee (4478) Until End of Month

TOPIX Inclusion: Money Forward (3994) Could Outperform Freee (4478) Until End of Month

By Janaghan Jeyakumar, CFA

Cloud-based business accounting software company Money Forward (3994 JP)  announced on 7th June 2021 that they had received approval to move from the Mothers Section to the First Section of the Tokyo Stock Exchange which triggers inclusion into the TOPIX Index. Previously, this situation was covered in TOPIX Inclusion: Money Forward (3994 JP)

On 15th July 2021, Money Forward (3994 JP) announced earnings for the quarter ending May 2021. Below is a closer look at how the stock has traded since the TSE1 promotion was announced and the upside potential for the remainder of the event timeline. 


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