Nulab Inc. (TYO:5033)

Nulab Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	3,553	3,131	2,482	1,742	1,127	878
Cash & Short-Term Investments	3,553	3,131	2,482	1,742	1,127	878
Cash Growth	17.14%	26.15%	42.48%	54.57%	28.36%	4.15%
Receivables	153	175	171	165	123	109
Prepaid Expenses	262	418	374	304	42	42
Other Current Assets	16	12	19	22	5	6
Total Current Assets	3,984	3,736	3,046	2,233	1,297	1,035
Property, Plant & Equipment	54	44	43	39	32	41
Long-Term Investments	46	25	24	31	32	37
Other Intangible Assets	384	269	245	236	203	216
Long-Term Deferred Tax Assets	175	168	115	70	53	-
Other Long-Term Assets	2	2	1	2	1	2
Total Assets	4,645	4,244	3,474	2,611	1,618	1,331
Accounts Payable	6	1	1	1	2	16
Accrued Expenses	106	83	65	42	36	29
Short-Term Debt	200	-	-	-	-	-
Current Portion of Long-Term Debt	-	2	3	8	44	95
Current Income Taxes Payable	228	273	275	197	99	89
Current Unearned Revenue	1,843	1,734	1,584	1,260	892	739
Other Current Liabilities	191	236	205	134	135	115
Total Current Liabilities	2,574	2,329	2,133	1,642	1,208	1,083
Long-Term Debt	-	-	2	5	13	58
Long-Term Deferred Tax Liabilities	-	-	-	-	-	1
Other Long-Term Liabilities	15	8	9	7	6	7
Total Liabilities	2,589	2,337	2,144	1,654	1,227	1,149
Common Stock	100	631	629	617	382	382
Additional Paid-In Capital	1,150	619	617	605	370	370
Retained Earnings	749	589	36	-271	-359	-557
Comprehensive Income & Other	57	68	48	6	-2	-13
Shareholders' Equity	2,056	1,907	1,330	957	391	182
Total Liabilities & Equity	4,645	4,244	3,474	2,611	1,618	1,331
Total Debt	200	2	5	13	57	153
Net Cash (Debt)	3,353	3,129	2,477	1,729	1,070	725
Net Cash Growth	10.66%	26.32%	43.26%	61.59%	47.59%	26.97%
Net Cash Per Share	515.56	480.78	378.88	273.26	180.13	122.05
Filing Date Shares Outstanding	6.48	6.48	6.48	6.45	5.94	5.94
Total Common Shares Outstanding	6.48	6.48	6.48	6.45	5.94	5.94
Working Capital	1,410	1,407	913	591	89	-48
Book Value Per Share	317.09	294.11	205.22	148.36	65.82	30.64
Tangible Book Value	1,672	1,638	1,085	721	188	-34
Tangible Book Value Per Share	257.86	252.62	167.42	111.78	31.65	-5.72
Order Backlog	-	3,830	3,438	2,521	1,611	1,820

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.