Money Forward,Inc.

3994 TSE Technology Information & Communication
TSE Prime

Shareholding pattern

As reported in the annual securities report, 2025-11-30.

Foreign institutions53.24%
Individuals27.96%
Top 10 holders58.84%
Total shareholders6,305

Who owns the company

Share of voting units
Foreign institutions: 53.24%Individuals & others: 27.96%Financial institutions: 15.42%Securities firms: 2.23%Other corporations: 1.11%Foreign individuals: 0.04%53.2%Foreign institutions
Foreign institutions 53.24%Individuals & others 27.96%Financial institutions 15.42%Securities firms 2.23%Other corporations 1.11%Foreign individuals 0.04%

How to read this: each slice is a group of investors. Foreign and financial institutions are professional money; individuals are retail shareholders; other corporations are usually business partners holding strategic stakes. A large institutional slice generally means heavier analyst coverage and more trading volume.

Ownership Trend

Holding %, recent years
0204060FY22FY23FY24FY25FY2022 — Foreign institutions: 45 %FY2023 — Foreign institutions: 43 %FY2024 — Foreign institutions: 43 %FY2025 — Foreign institutions: 53 %FY2022 — Financial institutions: 24 %FY2023 — Financial institutions: 25 %FY2024 — Financial institutions: 25 %FY2025 — Financial institutions: 15 %FY2022 — Individuals: 29 %FY2023 — Individuals: 29 %FY2024 — Individuals: 28 %FY2025 — Individuals: 28 %FY2022 — Other corporations: 1 %FY2023 — Other corporations: 1 %FY2024 — Other corporations: 1 %FY2025 — Other corporations: 1 %FY2022 — Securities firms: 1 %FY2023 — Securities firms: 3 %FY2024 — Securities firms: 3 %FY2025 — Securities firms: 2 %
Foreign institutionsFinancial institutionsIndividualsOther corporationsSecurities firms

How to read this: each line shows how one investor group's share has moved over recent years. A rising foreign or institutional line can signal growing professional interest; a falling one the opposite. Japanese companies disclose ownership once a year, so these are annual points — read the direction over several years rather than a single step.

Ownership detail

Investor categoryHolding %Shareholders
Foreign institutions53.24%223
Individuals & others27.96%5,901
Financial institutions15.42%16
Securities firms2.23%27
Other corporations1.11%82
Foreign individuals0.04%56

How to read this: a high foreign or institutional share often means the stock is widely researched and more liquid; a high individual share means retail investors hold most of the company. Percentages are of voting units.

Largest shareholders

S.No.ShareholderSharesStake %
1辻 庸介8,876,39516.05%
2日本マスタートラスト信託銀行株式会社(信託口)5,372,7009.71%
3MSIP CLIENT SECURITIES(常任代理人 モルガン・スタンレーMUFG証券株式会社)4,051,9457.32%
4CGML PB CLIENT ACCOUNT/COLLATERAL(常任代理人 シティバンク、エヌ・エイ東京支店)3,592,1006.49%
5STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)3,263,4155.90%
6JP MORGAN CHASE BANK 385839(常任代理人 株式会社みずほ銀行決済営業部)1,761,4003.18%
7STATE STREET BANK AND TRUST COMPANY 505103(常任代理人 株式会社みずほ銀行決済営業部)1,494,6172.70%
8株式会社日本カストディ銀行(信託口)1,402,6402.54%
9PERSHING-DIV.OF DLJ SECS.CORP.(常任代理人 シティバンク、エヌ・エイ東京支店)1,376,0702.49%
10INTERACTIVE BROKERS LLC(常任代理人 インタラクティブ・ブローカーズ証券株式会社)1,360,7002.46%

Trust banks such as Master Trust and Custody Bank appear at the top of most Japanese registers: they hold shares on behalf of many underlying funds rather than owning them outright.

Educational data only. Not a recommendation to buy, sell or hold any security.