Money Forward (TYO:3994) returned to the black with an attributable profit of 1.83 billion yen in the fiscal first quarter from an attributable loss of 1.12 billion yen a year earlier.
The software company's basic earnings per share stood at 33.06 yen compared with a loss per share of 20.44 yen a year ago, according to a Tokyo bourse filing on Tuesday.
Net sales jumped 25% to 14.7 billion yen for the three months ended Feb. 28 from 11.7 billion yen in the prior-year period.
In a separate filing, Money Forward revised its consolidated financial forecasts for the fiscal year ending Nov. 30 to reflect the inclusion of annual recurring revenue (ARR) from the fintech segment in its SaaS ARR calculation.
As a result, the company raised its SaaS ARR forecast to between 49.7 billion yen and 52.5 billion yen from between 47.5 billion yen and 49.8 billion yen, while all other financial targets remain unchanged.
Money Forward maintained its attributable loss forecast of between 700 million yen and 3.7 billion yen, loss per share of 12.60 yen to 66.59 yen, and net sales of between 53.4 billion yen and 57.6 billion yen.
The company does not plan to pay any dividends for the year.