Nulab Inc. (JP:5033)
:5033
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Nulab Inc.
(5033)
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Rating:63Neutral
Price Target:
¥809.00
▲(9.18% Upside)
Action:Reiterated
Date:06/05/26
The score is driven primarily by strong financial positioning (low leverage and solid profitability history), but it is held back by the sharp 2026 margin and cash-flow deterioration and cooling revenue growth. Technical indicators are mixed with negative momentum, and valuation (P/E ~28) looks only fair given the recent profitability volatility.
Positive Factors
Balance Sheet Strength
Near-zero leverage and materially higher equity provide durable financial flexibility. This reduces refinancing and solvency risk, supports continued R&D and product investment, and enables opportunistic M&A or resilience through cyclical downturns without threatening core SaaS operations.
Negative Factors
Margin Compression
A sharp margin step-down reduces retained earnings and weakens the company’s ability to self-fund growth or absorb shocks. If structural (higher opex or pricing pressure), it undermines long-term return on invested capital and may require either cost cuts or slower investment to restore margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Near-zero leverage and materially higher equity provide durable financial flexibility. This reduces refinancing and solvency risk, supports continued R&D and product investment, and enables opportunistic M&A or resilience through cyclical downturns without threatening core SaaS operations.
Read all positive factors
Nulab Inc. (5033) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥4.62B
Dividend YieldN/A
Average Volume (3M)14.79K
Price to Earnings (P/E)26.4
Beta (1Y)1.07
Revenue Growth6.84%
EPS Growth-67.48%
CountryJP
Employees159
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)77.70
Shares Outstanding6,484,101
10 Day Avg. Volume28,550
30 Day Avg. Volume14,793
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)2.28
Price to Sales (P/S)1.03
P/FCF Ratio17.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nulab Inc. Business Overview & Revenue Model
Company Description
Nulab Inc. develops various software solutions aimed at improving team cooperation and productivity. Their offerings include Backlog, a robust system for managing projects; Nulab Pass, a utility designed to strengthen an organization's data securi...
How the Company Makes Money
Nulab primarily makes money by selling subscriptions to its SaaS products. Revenue is generated through recurring fees (typically monthly and/or annual) paid by individuals, teams, and organizations that use its tools, with pricing generally tied ...
Nulab Inc. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.18B | 4.39B | 4.11B | 3.66B | 2.71B | 2.33B |
| Gross Profit | 3.07B | 3.24B | 2.96B | 2.64B | 1.73B | 1.42B |
| EBITDA | 692.35M | 474.82M | 753.00M | 424.12M | 179.14M | 266.01M |
| Net Income | 505.40M | 178.55M | 552.68M | 308.16M | 88.42M | 197.88M |
Balance Sheet | ||||||
| Total Assets | 4.35B | 4.52B | 4.25B | 3.48B | 2.61B | 1.62B |
| Cash, Cash Equivalents and Short-Term Investments | 3.22B | 2.98B | 3.13B | 2.48B | 1.74B | 1.13B |
| Total Debt | 8.36M | 0.00 | 5.00M | 8.00M | 13.75M | 58.69M |
| Total Liabilities | 2.37B | 2.54B | 2.34B | 2.15B | 1.66B | 1.23B |
| Stockholders Equity | 1.98B | 1.98B | 1.91B | 1.33B | 958.63M | 391.25M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 264.67M | 724.95M | 694.57M | 169.40M | 321.29M |
| Operating Cash Flow | 0.00 | 282.67M | 749.13M | 811.90M | 297.32M | 401.01M |
| Investing Cash Flow | 0.00 | -350.51M | -128.81M | -110.72M | -130.74M | -74.35M |
| Financing Cash Flow | 0.00 | -99.61M | -1.00M | 16.87M | 417.41M | -95.27M |
Nulab Inc. Technical Analysis
Negative
741.00
Price Trends
732.26
Negative
736.40
Negative
773.02
Negative
Market Momentum
0.90
Negative
47.14
Neutral
44.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5033, the sentiment is Negative. The current price of 741 is above the 20-day moving average (MA) of 715.40, above the 50-day MA of 732.26, and below the 200-day MA of 773.02, indicating a bearish trend. The MACD of 0.90 indicates Negative momentum. The RSI at 47.14 is Neutral, neither overbought nor oversold. The STOCH value of 44.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5033.
Nulab Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ¥9.12B | 8.14 | ― | 0.70% | 12.98% | 80.52% | |
66 Neutral | ¥6.63B | 24.14 | ― | 0.57% | 32.11% | -0.12% | |
63 Neutral | ¥4.62B | 26.41 | ― | ― | 6.84% | -67.48% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥5.93B | 13.61 | ― | ― | 18.87% | ― | |
58 Neutral | ¥11.68B | 24.09 | ― | ― | 12.68% | ― | |
56 Neutral | ¥5.46B | -12,371.14 | ― | ― | -6.40% | -100.43% |
* Technology Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.