BuffaloBUFFALO CO.,LTD.3352東証スタンダード小売業FY ending Mar 2026, consolidated, J-GAAP

Buffalo revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +12.5% from the prior year, operating profit +18.1%.

Five-year trend

Revenue¥13.7B
FY ending Mar 2022: ¥10B¥10BFY ending Mar 2023: ¥10.8B¥10.8BFY ending Mar 2024: ¥11.2B¥11.2BFY ending Mar 2025: ¥12.2B¥12.2BFY ending Mar 2026: ¥13.7B¥13.7BFY22FY23FY24FY25FY26
Operating income¥605.4M
FY ending Mar 2022: ¥441.6M¥441.6MFY ending Mar 2023: ¥525.4M¥525.4MFY ending Mar 2024: ¥413.2M¥413.2MFY ending Mar 2025: ¥512.7M¥512.7MFY ending Mar 2026: ¥605.4M¥605.4MFY22FY23FY24FY25FY26
Operating margin4.4%
FY ending Mar 2022: 4.4%4.4%FY ending Mar 2023: 4.9%4.9%FY ending Mar 2024: 3.7%3.7%FY ending Mar 2025: 4.2%4.2%FY ending Mar 2026: 4.4%4.4%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin3.2%
Asset turnover1.45×
ROA4.7%
ROA4.7%
Financial leverage1.49×
ROE7.0%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin3.2%
2022: 3.5%3.5%2023: 3.0%3.0%2024: 1.0%1.0%2025: 2.8%2.8%2026: 3.2%3.2%2223242526
Asset turnover1.45×
2022: 1.29×1.29×2023: 1.35×1.35×2024: 1.34×1.34×2025: 1.38×1.38×2026: 1.45×1.45×2223242526
ROA4.7%
2022: 4.5%4.5%2023: 4.1%4.1%2024: 1.4%1.4%2025: 3.9%3.9%2026: 4.7%4.7%2223242526
Financial leverage1.49×
2022: 1.37×1.37×2023: 1.37×1.37×2024: 1.40×1.40×2025: 1.44×1.44×2026: 1.49×1.49×2223242526
ROE7.0%
2022: 6.2%6.2%2023: 5.6%5.6%2024: 1.9%1.9%2025: 5.6%5.6%2026: 7.0%7.0%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20223.5%1.29×4.5%1.37×6.2%
20233.0%1.35×4.1%1.37×5.6%
20241.0%1.34×1.4%1.40×1.9%
20252.8%1.38×3.9%1.44×5.6%
20263.2%1.45×4.7%1.49×7.0%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue18.7%
2021: 20.2%20.2%2022: 19.4%19.4%2023: 18.2%18.2%2024: 17.0%17.0%2025: 18.6%18.6%2026: 18.7%18.7%212223242526
PPE ÷ total assets26.1%
2021: 26.7%26.7%2022: 25.0%25.0%2023: 23.8%23.8%2024: 22.4%22.4%2025: 24.9%24.9%2026: 26.1%26.1%212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue10,00110,79611,21712,18613,707
Cost of revenue5,1875,5385,8905,8196,120
Gross profit4,8145,2585,3276,3677,587
SG&A4,3724,7324,9135,8546,982
Operating income442525413513605
Pretax income527534256544651
Income tax176209141201209
Net income attributable to owners352325115344442
Operating margin4.4%4.9%3.7%4.2%4.4%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 38%
Property, plant and equipment 26%
0%
Other assets 36%

Funding

Other liabilities 34%
Equity 66%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥2.31B¥2.67B¥2.95B¥3.28B¥3.73B
Total assets¥7.76B¥8.24B¥8.49B¥9.11B¥9.83B
Net assets¥5.69B¥6B¥5.99B¥6.2B¥6.5B
Share capital¥614.7M¥653.1M¥653.1M¥653.1M¥653.1M
Property, plant and equipment¥1.94B¥1.96B¥1.9B¥2.27B¥2.57B
Intangible assets excluding goodwill¥15.3M¥12.3M¥9.3M¥6.6M¥5.4M
Current assets¥4.58B¥5.07B¥5.41B¥5.67B¥6.13B
Current liabilities¥1.33B¥1.41B¥1.62B¥1.77B¥1.82B
Short-term borrowings——¥14.7M¥279.4M—
Long-term borrowings¥8.1M——¥240.2M¥562.4M
Total liabilities¥2.08B¥2.24B¥2.5B¥2.91B¥3.33B
Equity attributable to owners of parent¥5.69B¥6B¥5.99B¥6.2B¥6.5B
Retained earnings¥4.48B¥4.72B¥4.71B¥4.92B¥5.22B
Treasury stock-¥117K-¥117K-¥117K-¥117K-¥142K

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第44期(2025/04/01-2026/03/31)

    ID S100YDDM2026-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第43期(2024/04/01-2025/03/31)

    ID S100VZUV2025-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第42期(2023/04/01-2024/03/31)

    ID S100TNCN2024-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第41期(2022/04/01-2023/03/31)

    ID S100R04W2023-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第40期(令和3年4月1日-令和4年3月31日)

    ID S100OA782022-06-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第39期(令和2年4月1日-令和3年3月31日)

    ID S100LKQX2021-06-21Open

Extracted from XBRL: 45 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.