Money Forward

Shareholders

Foreign ownership · FYE Nov 2025: 53.3%
Financial institutions: 15.4%
Other corporations: 1.1%
Individuals & others: 28.0%
Ten largest, combined: 58.8%
Shareholders: 6,305

Ownership mix Financial institutions Securities firms Other corporations Foreign corporations Foreign individuals Individuals & others

Share of the company held by each class of owner, as filed each year (%). The seven classes add up to the whole company.

Ownership by holder class, every year on record (%), 2016–2025. Scroll sideways for earlier years.
Fiscal year	Unit	2016 ^*1 FYE Nov	2017 ^*1 FYE Nov	2018 ^*1 FYE Nov	2019 ^*1 FYE Nov	2020 ^*1 FYE Nov	2021 ^*1 FYE Nov	2022 ^*1 FYE Nov	2023 ^*1 FYE Nov	2024 ^*1 FYE Nov	2025 ^*1 FYE Nov
Financial institutions	%	—	11.1%	17.1%	20.8%	17.0%	24.7%	24.1%	24.9%	25.2%	15.4%
Securities firms	%	—	2.5%	1.3%	2.0%	3.5%	1.6%	1.2%	3.0%	3.0%	2.2%
Other corporations	%	1.0%	14.3%	6.9%	1.9%	2.0%	0.7%	0.6%	0.8%	0.6%	1.1%
Foreign corporations	%	—	7.4%	20.2%	35.8%	43.4%	44.6%	45.0%	42.5%	42.8%	53.2%
Foreign individuals	%	3.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Individuals & others	%	96.0%	64.7%	54.5%	39.5%	34.1%	28.4%	29.2%	28.8%	28.4%	28.0%
Shareholders	holders	20	5,011	7,984	6,051	5,183	5,547	7,715	7,665	7,008	6,305

*1 Securities report (yuka shoken hokokusho) — status of shares by holder category, as filed

Foreign ownership Foreign holders, combined Foreign corporations Foreign individuals

How much of the company sits with holders outside Japan (%). Almost all of it is institutional: overseas individuals rarely hold Japanese stock directly.

Foreign holdings by fiscal year (%), with the year-on-year move in percentage points.
Fiscal year	Unit	2016 ^*1 FYE Nov	2017 ^*1 FYE Nov	2018 ^*1 FYE Nov	2019 ^*1 FYE Nov	2020 ^*1 FYE Nov	2021 ^*1 FYE Nov	2022 ^*1 FYE Nov	2023 ^*1 FYE Nov	2024 ^*1 FYE Nov	2025 ^*1 FYE Nov
Foreign holders, combined	%	3.0%	7.4%	20.2%	35.8%	43.4%	44.6%	45.0%	42.5%	42.8%	53.3%
Change	pp	—	+4.4pp	+12.8pp	+15.6pp	+7.6pp	+1.2pp	+0.4pp	-2.5pp	+0.3pp	+10.5pp
Foreign corporations	%	—	7.4%	20.2%	35.8%	43.4%	44.6%	45.0%	42.5%	42.8%	53.2%
Foreign individuals	%	3.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Foreign corporate holders	holders	—	41	132	138	178	244	229	247	243	223

*1 Securities report (yuka shoken hokokusho) — status of shares by holder category, as filed

Concentration Ten largest, combined Largest holder

How much of the company the ten largest shareholders hold between them (%). Japanese filings list trust banks and custodians under their own names, so a single line here often stands for many underlying investors.

Combined stake of the ten largest shareholders, and of the single largest, by fiscal year (%).
Fiscal year	Unit	2016 ^*1 FYE Nov	2017 ^*1 FYE Nov	2018 ^*1 FYE Nov	2019 ^*1 FYE Nov	2020 ^*1 FYE Nov	2021 ^*1 FYE Nov	2022 ^*1 FYE Nov	2023 ^*1 FYE Nov	2024 ^*1 FYE Nov	2025 ^*1 FYE Nov
Ten largest, combined	%	75.6%	58.3%	50.8%	50.2%	49.1%	51.2%	59.4%	56.8%	58.3%	58.8%
Change	pp	—	-17.3pp	-7.5pp	-0.6pp	-1.1pp	+2.1pp	+8.2pp	-2.6pp	+1.5pp	+0.5pp
Largest holder	%	19.3%	17.5%	17.3%	16.2%	14.7%	13.1%	13.3%	16.8%	16.5%	16.1%

*1 Securities report (yuka shoken hokokusho) — ten largest shareholders, as filed

Holders and shares by class

The counts behind the percentages: how many shareholders sit in each class, and how much stock they hold. Shares are in trading units (tan'i) as filed — one unit is usually 100 shares.

Shareholder counts and holdings by class, every year on record. Treasury stock and odd-lot holdings are excluded, so the classes may not sum exactly to the issued total.
Fiscal year	Unit	2016 ^*1 FYE Nov	2017 ^*1 FYE Nov	2018 ^*1 FYE Nov	2019 ^*1 FYE Nov	2020 ^*1 FYE Nov	2021 ^*1 FYE Nov	2022 ^*1 FYE Nov	2023 ^*1 FYE Nov	2024 ^*1 FYE Nov	2025 ^*1 FYE Nov
Financial institutions — holders	holders	—	20	24	25	26	30	25	25	25	16
Securities firms — holders	holders	—	40	36	27	20	21	22	17	29	27
Other corporations — holders	holders	1	76	90	67	69	53	88	87	83	82
Foreign corporations — holders	holders	—	41	132	138	178	244	229	247	243	223
Foreign individuals — holders	holders	1	7	5	10	10	19	27	39	38	56
Individuals & others — holders	holders	18	4,827	7,697	5,784	4,880	5,180	7,324	7,250	6,590	5,901
All holders	holders	20	5,011	7,984	6,051	5,183	5,547	7,715	7,665	7,008	6,305
Financial institutions — shares	units	—	21,191	33,138	46,000	40,525	131,701	129,376	134,721	137,879	85,530
Securities firms — shares	units	—	4,850	2,449	4,461	8,299	8,654	6,580	16,441	16,565	12,391
Other corporations — shares	units	4,400	27,422	13,325	4,163	4,732	3,590	2,945	4,268	3,080	6,177
Foreign corporations — shares	units	—	14,088	39,067	79,304	103,440	238,031	241,802	230,372	234,144	295,336
Foreign individuals — shares	units	12,660	15	9	20	19	55	82	186	139	216
Individuals & others — shares	units	411,040	124,136	105,215	87,528	81,267	151,478	157,103	155,947	155,624	155,097
All shares	units	428,100	191,702	193,203	221,476	238,282	533,509	537,888	541,935	547,431	554,747

*1 Securities report (yuka shoken hokokusho) — status of shares by holder category, as filed

日本語版 — the named list of major shareholders → The ten largest holders are filed under their registered Japanese names — trust-bank omnibus accounts and transliterated custodian names that have no English equivalent — so they are not reproduced here. The Japanese edition carries the full name-by-name table, year by year.

Figures are the ownership breakdown as filed in each year's securities report, at that fiscal year's record date. Treasury stock and odd-lot holdings are excluded from the class percentages, so a company that holds much of its own stock will show classes summing to slightly under the whole.

Read the company history → Financial history → 日本語版（詳細）— full shareholder data in Japanese →

Disclaimer

This page is provided for general information only and is not investment advice, nor a recommendation to buy or sell any security.
Figures are compiled independently and include our own estimates, approximations and machine-processed data; we make no warranty as to their accuracy or completeness.
Sources are primarily each company's securities reports and other public filings, but errors and omissions may remain.
Ownership changes continuously; a filed breakdown describes one record date, not the position today.
Company names, logos and other marks belong to their respective owners.

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