Nulab Inc.

Nulab Inc.

5033.T
Nulab Inc.JP flagTokyo Stock Exchange
872.00
JPY
-10.00
- -
5.54BMarket Cap
Nulab Inc.
5033.T
(Tokyo Stock Exchange)

Recent

price

872.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
FRC
245.84
300.55
391.96
427.7
567.37
634.34
- -
297.45
Revenue per Share
-8.2
-3.96
33.31
13.97
47.73
85.25
- -
16.97
Basic EPS, GAAP
13.94
23.83
54.09
26.77
107.59
95.77
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-23.24
-27.19
3.78
54.63
103.25
188.29
- -
143.94
Book Value per Share
1.17
-5.3
31.68
114.17
168.16
252.71
- -
213.23
Tangible Book Value per Share
6
6
6
6
6
6
- -
6
Basic Weighted Avg Shares
1,586
1,939
2,328
2,706
3,663
4,112
4,394
1,928
Sales/Revenue/Turnover
-2.51
-0.35
7.19
3.74
9.07
15.57
8.07
4.83
Operating Margin (%)
74
86
101
92
101
103
120
- -
Depreciation Expense
-53
-26
198
88
308
553
179
110
Net Income, GAAP
- -
- -
- -
- -
4.65
14.96
32.03
15.18
Effective Tax Rate (%)
-3.34
-1.32
8.5
3.27
8.41
13.44
4.06
5.7
Profit Margin (%)
66
-48
89
591
913
1,408
1,240
1,234
Working Capital
154
59
14
5
2
- -
- -
1
LT Debt
218
183
391
959
1,331
1,908
1,979
1,611
Total Equity
- -
- -
- -
- -
26.53
31.76
11.86
- -
Return on Invested Capital (%)
- -
- -
- -
- -
59.79
58.35
17.09
76.39
Return on Capital (%)
- -
- -
- -
48.04
60.89
58.57
17.1
14.89
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
3
- -
3
LT Borrowings
2
- -
1
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
- -
6
Market Capitalization
9,005
6,403
5,392

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
3,047
- -
3,361
Cash, Cash Equivalents & STI
2,483
- -
3,034
Accounts Receivable, Net
171
- -
140
Inventories
- -
- -
- -
Total Current Liabilities
2,134
- -
2,127
Payables & Accruals
- -
- -
- -
ST Debt
3
- -
3
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
69.02%
3.68%
Free Cash Flow
- -
51.43%
-103.95%
Net Income, GAAP
- -
-134.04%
-67.69%
Sales/Revenue/Turnover
- -
18.16%
6.84%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
839
896
945
983
3,663
2025
- -
- -
- -
- -
4,112
2026
- -
- -
- -
- -
4,394

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14.63
- -
- -
- -
47.73
2025
- -
- -
- -
- -
85.25
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Nulab Inc. is a Japan-based software company specializing in collaboration and project management solutions. Its core products include Backlog, a comprehensive project management and issue tracking tool; Cacoo, a cloud-based online diagramming and visual collaboration application; Typetalk, a business chat tool facilitating team communication; and Nulab Pass, a security and governance tool designed to strengthen organizational information security and compliance. Nulab serves a broad range of customers, from startups to enterprises, supporting teamwork and project workflows globally, with operations primarily centered in Japan but expanding internationally. Founded in 2004 and headquartered in Fukuoka City, Japan, Nulab focuses on improving team collaboration through integrated software offerings that support task management, visualization, communication, and security. In recent developments, Nulab has pursued strategic growth through raising $5 million in funding to enhance its global presence, particularly targeting expansion in North American and European markets. The company is actively scaling its international team and plans to introduce new security products and features across its platform offerings. Backlog, its flagship project management software, recently surpassed 1.7 million active users and 10,000 paying customers, emphasizing its strong market adoption and growth momentum. Nulab continues to innovate with new feature releases aimed at improving remote collaboration, automation, and security compliance to meet evolving enterprise needs. These initiatives position Nulab as a dynamic player in the competitive SaaS collaboration and project management space. Nulab's industry focus encompasses application software, content and collaboration software, and developer productivity tools. Its software solutions target teams involved in software development, product design, marketing, and general business project management. The company leverages cloud technology to enable real-time team collaboration, agile workflow management, and integrated communication functions. Nulab’s product suite is recognized for versatility, including capabilities such as Gantt charts, Kanban boards, wikis, file sharing, coding integrations, and audit-compliant security features. The recent funding has supported accelerated product development and geographic growth, reinforcing Nulab’s commitment to making work collaboration simple, secure, and efficient for professional teams worldwide. Nulab operates under a unified brand structure, with subsidiaries and a multinational workforce contributing to its innovation and market reach. Its focus on customer-centric product development and scalable SaaS solutions have established it as a reputable technology provider in the collaborative software industry. The company’s latest strategic moves and product enhancements reflect its ambition to maintain leadership and expand market share in the global project management and collaboration software sector. Overall, Nulab Inc. offers a robust portfolio comprised of Backlog, Cacoo, Typetalk, and Nulab Pass, combining project planning, visual collaboration, business communication, and security management into an integrated platform designed to boost productivity and teamwork across diverse industries and regions. Founded in 2004 and headquartered in Fukuoka City, Japan, the company remains focused on growing its user base and advancing product capabilities through significant funding and international expansion efforts as of 2025.