Money Forward, Inc. announces that it has decided, at a meeting of the Board of Directors held on November 18, 2022, to change its management structure for the 12th fiscal year based on the report from the Nomination and Compensation Committee (Advisory Committee). They will be officially appointed as Board of Directors and Audit & Supervisory Board members at the 11th Annual General Meeting of Shareholders scheduled for February 2023. The Company has submitted notification to Tokyo Stock Exchange, Inc. that Masaaki Tanaka, Akira Kurabayashi, Etsuko Okajima, Hiroaki Yasutake and Gen Miyazawa have been appointed as independent officers.

If their elections are approved, the Company plans to submit notification to the aforementioned exchange that they are independent officers. The company announced the resignation of Ryoko Ueda as External Director. Masami Hatakeyama to be newly elected as External Audit & Supervisory Board member.

Audit & Supervisory Board members during their term of office: Yozo Ueda External Audit & Supervisory Board member, Katsuyuki Tanaka External Audit & Supervisory Board member, Hidetoshi Uriu External Audit & Supervisory Board member. The Company plans to make an official decision on full-time Audit & Supervisory Board member upon approval at an extraordinary meeting of Audit & Supervisory Board, to be held following the 11th Annual Shareholders' Meeting.