Enables inositol-polyphosphate 5-phosphatase activity. Involved in negative regulation of microtubule polymerization and negative regulation of neuron projection development. Located in cytoplasm; growth cone; and ruffle. Is extrinsic component of membrane. Orthologous to human INPP5J (inositol polyphosphate-5-phosphatase J). [provided by Alliance of Genome Resources, Apr 2022]