Nulab Balance Sheet

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	2,975	3,131	2,482	1,742	1,127
Cash & Short-Term Investments	2,975	3,131	2,482	1,742	1,127
Cash Growth	-4.98%	26.15%	42.48%	54.57%	28.36%
Receivables	184	175	171	165	123
Prepaid Expenses	595	418	374	304	42
Other Current Assets	17	12	19	22	5
Total Current Assets	3,771	3,736	3,046	2,233	1,297
Property, Plant & Equipment	37	44	43	39	32
Long-Term Investments	67	25	24	31	32
Other Intangible Assets	461	269	245	236	203
Long-Term Deferred Tax Assets	181	168	115	70	53
Other Long-Term Assets	2	2	1	2	1
Total Assets	4,519	4,244	3,474	2,611	1,618
Accounts Payable	4	1	1	1	2
Accrued Expenses	97	83	65	42	36
Current Portion of Long-Term Debt	-	2	3	8	44
Current Income Taxes Payable	245	273	275	197	99
Current Unearned Revenue	1,874	1,734	1,584	1,260	892
Other Current Liabilities	312	236	205	134	135
Total Current Liabilities	2,532	2,329	2,133	1,642	1,208
Long-Term Debt	-	-	2	5	13
Other Long-Term Liabilities	10	8	9	7	6
Total Liabilities	2,542	2,337	2,144	1,654	1,227
Common Stock	100	631	629	617	382
Additional Paid-In Capital	1,150	619	617	605	370
Retained Earnings	767	589	36	-271	-359
Treasury Stock	-100	-	-	-	-
Comprehensive Income & Other	60	68	48	6	-2
Shareholders' Equity	1,977	1,907	1,330	957	391
Total Liabilities & Equity	4,519	4,244	3,474	2,611	1,618
Total Debt	-	2	5	13	57
Net Cash (Debt)	2,975	3,129	2,477	1,729	1,070
Net Cash Growth	-4.92%	26.32%	43.26%	61.59%	47.59%
Net Cash Per Share	461.11	480.78	378.88	273.26	180.13
Filing Date Shares Outstanding	6.38	6.48	6.48	6.45	5.94
Total Common Shares Outstanding	6.38	6.48	6.48	6.45	5.94
Working Capital	1,239	1,407	913	591	89
Book Value Per Share	309.99	294.11	205.22	148.36	65.82
Tangible Book Value	1,516	1,638	1,085	721	188
Tangible Book Value Per Share	237.71	252.62	167.42	111.78	31.65
Order Backlog	-	3,830	3,438	2,521	1,611

Source: S&P Global Market Intelligence. Standard template. Financial Sources.