New Risk • Jun 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (JP¥5.35b market cap, or US$33.1m). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥821, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 17x in the Software industry in Japan. Total returns to shareholders of 8.2% over the past three years. Duyuru • Jun 03
Nulab Inc. to Report Q1, 2027 Results on Aug 14, 2026 Nulab Inc. announced that they will report Q1, 2027 results on Aug 14, 2026 Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥27.59 (vs JP¥85.15 in FY 2025) Full year 2026 results: EPS: JP¥27.59 (down from JP¥85.15 in FY 2025). Revenue: JP¥4.39b (up 6.8% from FY 2025). Net income: JP¥178.0m (down 68% from FY 2025). Profit margin: 4.1% (down from 13% in FY 2025). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • May 14
Nulab Inc., Annual General Meeting, Jun 24, 2026 Nulab Inc., Annual General Meeting, Jun 24, 2026. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥8.36 (vs JP¥20.67 in 3Q 2025) Third quarter 2026 results: EPS: JP¥8.36 (down from JP¥20.67 in 3Q 2025). Revenue: JP¥1.11b (up 6.8% from 3Q 2025). Net income: JP¥54.0m (down 60% from 3Q 2025). Profit margin: 4.9% (down from 13% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Dec 26
Nulab Inc. to Report Q3, 2026 Results on Feb 13, 2026 Nulab Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 Duyuru • Nov 18
Nulab Inc. (TSE:5033) announces an Equity Buyback for ¥100 million worth of its shares. Nulab Inc. (TSE:5033) announces a share repurchase program. Under the program, the company will repurchase up ¥100 million worth of its shares. The purpose of the program is enhancing shareholder returns and improving capital efficiency, as well as implementing flexible capital policies in the future and utilizing incentive plans for directors and employees. The program will be valid till February 28, 2026. As of September 30, 2025, the company had 6,484,021 issued shares (excluding treasury stock) and 80 treasury shares. Duyuru • Sep 18
Nulab Inc. to Report Q2, 2026 Results on Nov 14, 2025 Nulab Inc. announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: JP¥12.80 (vs JP¥20.21 in 1Q 2025) First quarter 2026 results: EPS: JP¥12.80 (down from JP¥20.21 in 1Q 2025). Revenue: JP¥1.07b (up 6.8% from 1Q 2025). Net income: JP¥83.0m (down 37% from 1Q 2025). Profit margin: 7.8% (down from 13% in 1Q 2025). The decrease in margin was driven by higher expenses. Buy Or Sell Opportunity • Jun 23
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to JP¥918. The fair value is estimated to be JP¥1,232, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 40%. Duyuru • Jun 18
Nulab Inc. to Report Q1, 2026 Results on Aug 14, 2025 Nulab Inc. announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥85.15 (vs JP¥47.71 in FY 2024) Full year 2025 results: EPS: JP¥85.15 (up from JP¥47.71 in FY 2024). Revenue: JP¥4.11b (up 12% from FY 2024). Net income: JP¥552.0m (up 79% from FY 2024). Profit margin: 13% (up from 8.4% in FY 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥872, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 21x in the Software industry in Japan. Total loss to shareholders of 7.7% over the past year. Duyuru • May 14
Nulab Inc., Annual General Meeting, Jun 27, 2025 Nulab Inc., Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,200, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 21x in the Software industry in Japan. Total returns to shareholders of 8.4% over the past year. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk Market cap is less than US$100m (JP¥5.21b market cap, or US$35.6m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥797, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 18x in the Software industry in Japan. Total loss to shareholders of 32% over the past year. Duyuru • Mar 25
Nulab Inc. to Report Fiscal Year 2025 Results on May 14, 2025 Nulab Inc. announced that they will report fiscal year 2025 results on May 14, 2025 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,001, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 35% over the past year. New Risk • Feb 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥6.61b market cap, or US$43.6m). Reported Earnings • Feb 17
Third quarter 2025 earnings released: EPS: JP¥20.67 (vs JP¥26.04 in 3Q 2024) Third quarter 2025 results: EPS: JP¥20.67 (down from JP¥26.04 in 3Q 2024). Revenue: JP¥1.04b (up 10% from 3Q 2024). Net income: JP¥134.0m (down 20% from 3Q 2024). Profit margin: 13% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses. Buy Or Sell Opportunity • Dec 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.5% to JP¥752. The fair value is estimated to be JP¥941, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 30%. Duyuru • Dec 20
Nulab Inc. to Report Q3, 2025 Results on Feb 14, 2025 Nulab Inc. announced that they will report Q3, 2025 results on Feb 14, 2025 Duyuru • Sep 25
Nulab Inc. to Report Q2, 2025 Results on Nov 14, 2024 Nulab Inc. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 19
First quarter 2025 earnings released: EPS: JP¥20.21 (vs JP¥14.57 in 1Q 2024) First quarter 2025 results: EPS: JP¥20.21 (up from JP¥14.57 in 1Q 2024). Revenue: JP¥998.0m (up 19% from 1Q 2024). Net income: JP¥131.0m (up 39% from 1Q 2024). Profit margin: 13% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥758, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 20x in the Software industry in Japan. Total returns to shareholders of 4.7% over the past year. Duyuru • Jun 23
Nulab Inc. to Report Q1, 2025 Results on Aug 14, 2024 Nulab Inc. announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥47.71 (vs JP¥13.91 in FY 2023) Full year 2024 results: EPS: JP¥47.71 (up from JP¥13.91 in FY 2023). Revenue: JP¥3.66b (up 35% from FY 2023). Net income: JP¥308.0m (up 250% from FY 2023). Profit margin: 8.4% (up from 3.3% in FY 2023). The increase in margin was driven by higher revenue. Duyuru • May 16
Nulab Inc., Annual General Meeting, Jun 27, 2024 Nulab Inc., Annual General Meeting, Jun 27, 2024. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,184, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 23x in the Software industry in Japan. Total returns to shareholders of 25% over the past year. Duyuru • Mar 27
Nulab Inc. to Report Fiscal Year 2024 Results on May 14, 2024 Nulab Inc. announced that they will report fiscal year 2024 results on May 14, 2024 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,577, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 24x in the Software industry in Japan. Total returns to shareholders of 92% over the past year. Reported Earnings • Feb 17
Third quarter 2024 earnings released: EPS: JP¥26.04 (vs JP¥8.68 in 3Q 2023) Third quarter 2024 results: EPS: JP¥26.04 (up from JP¥8.68 in 3Q 2023). Revenue: JP¥944.0m (up 40% from 3Q 2023). Net income: JP¥168.0m (up 200% from 3Q 2023). Profit margin: 18% (up from 8.3% in 3Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥1,495, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 110% over the past year. Duyuru • Dec 22
Nulab Inc. to Report Q3, 2024 Results on Feb 14, 2024 Nulab Inc. announced that they will report Q3, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,024, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 53% over the past year. Reported Earnings • Nov 20
Second quarter 2024 earnings released: EPS: JP¥16.12 (vs JP¥8.68 in 2Q 2023) Second quarter 2024 results: EPS: JP¥16.12 (up from JP¥8.68 in 2Q 2023). Revenue: JP¥896.0m (up 33% from 2Q 2023). Net income: JP¥104.0m (up 86% from 2Q 2023). Profit margin: 12% (up from 8.3% in 2Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,120, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 74% over the past year. New Risk • Oct 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.4% average weekly change). Minor Risk Market cap is less than US$100m (JP¥5.77b market cap, or US$38.5m). Duyuru • Sep 24
Nulab Inc. to Report Q2, 2024 Results on Nov 14, 2023 Nulab Inc. announced that they will report Q2, 2024 results on Nov 14, 2023 Buying Opportunity • Aug 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be JP¥997, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Meanwhile, the company has become profitable. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: JP¥14.57 (vs JP¥8.25 in 1Q 2023) First quarter 2024 results: EPS: JP¥14.57 (up from JP¥8.25 in 1Q 2023). Revenue: JP¥839.0m (up 36% from 1Q 2023). Net income: JP¥94.0m (up 92% from 1Q 2023). Profit margin: 11% (up from 8.0% in 1Q 2023). The increase in margin was driven by higher revenue. Duyuru • Jun 23
Nulab Inc. to Report Q1, 2024 Results on Aug 14, 2023 Nulab Inc. announced that they will report Q1, 2024 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥834, the stock trades at a trailing P/E ratio of 52.2x. Average trailing P/E is 23x in the Software industry in Japan. Duyuru • May 14
Nulab Inc., Annual General Meeting, Jun 27, 2023 Nulab Inc., Annual General Meeting, Jun 27, 2023. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥795, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 23x in the Software industry in Japan. Duyuru • Dec 22
Nulab Inc. to Report Q3, 2023 Results on Feb 14, 2023 Nulab Inc. announced that they will report Q3, 2023 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥680, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 23x in the Software industry in Japan. Duyuru • Sep 24
Nulab Inc. to Report Q2, 2023 Results on Nov 14, 2022 Nulab Inc. announced that they will report Q2, 2023 results on Nov 14, 2022 Duyuru • Jul 09
Nulab Inc. to Report Q1, 2023 Results on Aug 12, 2022 Nulab Inc. announced that they will report Q1, 2023 results on Aug 12, 2022 Duyuru • Jun 29
Nulab Inc. has completed an IPO in the amount of ¥1.9393 billion. Nulab Inc. has completed an IPO in the amount of ¥1.9393 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,803,200
Price\Range: ¥1000
Discount Per Security: ¥80
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 136,100
Price\Range: ¥1000
Discount Per Security: ¥80
Transaction Features: Sponsor Backed Offering