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Investor Presentaiton

ALL Definition of KPIs Monthly Recurring Revenue MRR Total recurring revenue as of the end of a particular month Annual Recurring Revenue ARR Calculated by multiplying the MRR as of the end of a particular period by 12 70 SaaS ARR Customer ARPA Customer Churn Rate MRR Churn Rate Calculated by multiplying SaaS MRR of a particular period by 12. SaaS MRR includes: 1) net sales from premium charges in Home domain, 2) recurring revenue from sales of Money Forward Cloud and other cloud services such as STREAMED, Manageboard, V-ONE Cloud, and Money Forward Certified Membership, 3) recurring revenue in X domain. In order to adjust for seasonal factors of STREAMED in Q1, MRR is calculated as one-third of the billing revenue of STREAMED in Q1 of each fiscal year. Non-recurring revenue of each business and net sales of Smartcamp are not included. Paid subscribers in the Business domain, which is a total of (1) accounting firms and their clients, and (2) sole-proprietors and direct-sales corporates subscribed via the web channel etc. Average Revenue per Account. Calculated by dividing ARR as of the end of a particular period by the number of Customers Average monthly churn rate of a particular period. Calculated as: [number of customers churn during (N) month] / [number of customers as of the end of (N-1) month] Average monthly churn rate based on MRR of a particular period. Calculated as: 1 – [MRR as of the end of (N) month from customers as of the end of (N-1) month / MRR as of the end (N-1) month. Negative amount (Negative Churn) refers to the status when the revenue increase for existing customers by upselling/cross-selling exceeds the revenue decrease due to customer churn.
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