Company profile

Nulab Inc.

EDINET
E37435
Securities
5033
Industry
Services
Latest annual securities report
2026-06-24 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-06-25 Extraordinary Report PDF HTML
Compare this company

Industry position

Services

View details
Profitability Average Current Top 50% 5-year trend Deteriorating
Financial strength Weak Based on Equity ratio Current Bottom 28% 5-year trend Improving
Growth Above average Current Top 33% 5-year trend Broadly stable
Cash generation Below average Current Bottom 35% 5-year trend Deteriorating

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Standalone · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Standalone Japanese GAAP

Revenue reached ¥4.39 billion, up 6.8% year over year. Operating income was ¥317.46 million, down 47.1% year over year. Operating margin was 7.2%. Net income was ¥178.55 million, down 67.7% year over year. ROE was 10.4%; equity ratio was 40.7%; free cash flow was -¥67.84 million.

Revenue ¥4.39B up 6.8% year over year
Operating income ¥317.46M down 47.1% year over year
Net income ¥178.55M down 67.7% year over year
Total assets¥4.21B
Total equity—
Operating cash flow¥282.67M
Free cash flow-¥67.84M

Industry position details

Services

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Average

Operating margin Bottom 51% / ROE Top 50%

Financial strength Weak
Based on Equity ratio

Equity ratio Bottom 73%

Growth Above average

Revenue growth Top 50% / 3-year revenue CAGR Top 16%

Cash generation Below average

Operating cash flow margin Bottom 61% / Free cash flow margin Bottom 72%

Profitability Industry position history Deteriorating
2026 Top 50% 2025 Top 13% 2024 Top 25% 2023 Bottom 41% 2022 Top 27%
Financial strength Industry position history Improving
2026 Bottom 28% 2025 Bottom 29% 2024 Bottom 20% 2023 Bottom 17% 2022 Bottom 6%
Growth Industry position history Broadly stable
2026 Top 33% 2025 Top 25% 2024 Top 7% 2023 Top 32%
Cash generation Industry position history Deteriorating
2026 Bottom 35% 2025 Top 14% 2024 Top 10% 2023 Top 35% 2022 Top 21%
Profitability Operating margin 7.2% Industry median 7.4% Bottom 51% Comparison sample 321
Profitability ROE 10.4% Industry median 10.2% Top 50% Comparison sample 324
Financial strength Equity ratio 40.7% Industry median 55.5% Bottom 73% Comparison sample 324
Growth Revenue growth +6.8% Industry median +6.8% Top 50% Comparison sample 307
Growth 3-year revenue CAGR +17.5% Industry median +6.9% Top 16% Comparison sample 243
Cash generation Operating cash flow margin 6.4% Industry median 7.9% Bottom 61% Comparison sample 320
Cash generation Free cash flow margin -1.5% Industry median 2.9% Bottom 72% Comparison sample 320

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2026 Standalone Japanese GAAP 4393663000 317460000 337050000 178546000 178546000 166369000 4208864000 2494502000 1714362000 1711163000 1714362000 282672000 -350515000 -99611000 -67843000 2975985000 35.12 19.9 698.888 4531660379.688 269.19 6484101 0.4073217856 0.407 0.1041471988 0.042421423 0.0722540623 0.0767127565 0.0406371631 0.0643362953 -0.0154411023 0.0684151858 -0.4713458317 -0.4407916022 -0.6769462367 0.064336666 0.0840745514 -0.6226657892 -1.7211573546 -98.3130608175 -1.1093680983 -0.0496253889 -0.5777831209 0.0 0.1666666667 0.033451619 189 7762746
FY2025 Standalone Japanese GAAP 4112318000 600506000 602727000 552682000 552682000 574622000 3954448000 2373042000 1581406000 1584489000 1581406000 749129000 -128811000 -1003000 620318000 3131381000 83.18 12.83 1067.1994 6919828696.7394 243.89 6484101 0.3999056253 0.4 0.3494877343 0.1397621109 0.1460261585 0.1465662432 0.1343967076 0.1821670892 0.1508438793 0.1227123638 1.0514409478 1.0761567847 0.7935020347 0.2265532022 0.5073240382 -0.0773159815 -0.1634361791 -1.0594511292 -0.1153303118 0.2613775016 0.9502930832 0.0005181505 0.125 0.0260469121 162 7511475
FY2024 Standalone Japanese GAAP 3662842000 292724000 290309000 308158000 308158000 346803000 3224033000 2174885000 1049148000 1042523000 1049148000 811902000 -110716000 16871000 701186000 2482509000 42.65 33.04 1409.1560 9132377882.9080 161.89 6480743 0.3254147833 0.325 0.2937221441 0.0955815279 0.0799171791 0.079257855 0.084130847 0.2216590287 0.1914322267 0.3535086134 4.1268740367 6.3535043947 2.4850040713 0.3341547571 0.4175932419 1.7307070089 0.1531395091 -0.9595819967 3.2091532302 0.4245826117 4.8990318119 0.0047045166 0.0992366412 0.040274745 144 7320791
FY2023 Standalone Japanese GAAP 2706183000 57096000 39479000 88424000 88424000 97905000 2416536000 1676444000 740091000 741673000 740091000 297323000 -130737000 417413000 166586000 1742622000 7.23 128.08 926.0184 5973186309.3048 114.74 6450397 0.3062611109 0.306 0.1194771994 0.0365912198 0.0210983514 0.0145884443 0.0326748043 0.1098680318 0.0615575517 0.162317933 -0.6322863602 -0.7359794021 -0.5531523519 0.6358241852 2.2681881008 -0.2585738688 -0.7584940683 5.3813687415 -0.4900464997 0.5451502526 -0.7751865672 0.085907688 0.0564516129 0.0196600072 131 7037363
FY2022 Standalone Japanese GAAP 2328264000 155273000 149530000 197884000 197884000 208590000 1477259000 1250806000 226453000 226453000 226453000 401015000 -74346000 -95270000 326669000 1127801000 32.16 38.12 5940097 0.153292686 0.153 0.8738413711 0.1339534909 0.0666904612 0.0642238165 0.0849920799 0.1722377703 0.1403058244 124 6901676

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp