Nulab Inc. (TYO:5033)

Nulab Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	4,112	3,662	2,706	2,328	1,938
Revenue Growth (YoY)	12.29%	35.33%	16.24%	20.12%	22.27%
Cost of Revenue	1,148	1,025	973	911	849
Gross Profit	2,964	2,637	1,733	1,417	1,089
Selling, General & Admin	2,323	2,305	1,632	1,248	1,096
Operating Expenses	2,323	2,305	1,632	1,248	1,096
Operating Income	641	332	101	169	-7
Interest Expense	-	-	-	-1	-2
Interest & Investment Income	1	-	-	-	-
Currency Exchange Gain (Loss)	-	-3	-4	-4	-3
Other Non Operating Income (Expenses)	-	1	-5	-1	3
EBT Excluding Unusual Items	642	330	92	163	-9
Gain (Loss) on Sale of Investments	7	-	-	-	-
Asset Writedown	-	-7	-6	-	-12
Pretax Income	649	323	86	163	-21
Income Tax Expense	97	15	-2	-34	4
Net Income to Company	552	308	88	197	-25
Net Income	552	308	88	197	-25
Net Income to Common	552	308	88	197	-25
Net Income Growth	79.22%	250.00%	-55.33%	-	-
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	7	7	6	6	6
Shares Change (YoY)	-0.57%	3.33%	6.52%	-	9.77%
EPS (Basic)	85.15	47.71	13.91	33.16	-4.21
EPS (Diluted)	84.92	47.14	13.91	33.16	-4.21
EPS Growth	80.14%	238.94%	-58.06%	-	-
Free Cash Flow	725	784	277	-	-
Free Cash Flow Per Share	111.53	119.92	43.78	-	-
Gross Margin	72.08%	72.01%	64.04%	60.87%	56.19%
Operating Margin	15.59%	9.07%	3.73%	7.26%	-0.36%
Profit Margin	13.42%	8.41%	3.25%	8.46%	-1.29%
Free Cash Flow Margin	17.63%	21.41%	10.24%	-	-
EBITDA	744	432	193	-	-
EBITDA Margin	18.09%	11.80%	7.13%	-	-
D&A For EBITDA	103	100	92	-	-
EBIT	641	332	101	169	-7
EBIT Margin	15.59%	9.07%	3.73%	7.26%	-0.36%
Effective Tax Rate	14.95%	4.64%	-	-	-
Advertising Expenses	635	890	447	-	-

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.