BuffaloBUFFALO INC.6676東証スタンダード電気機器FY ending Mar 2026, consolidated, J-GAAP

Buffalo revenue and profit

Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed -18.0% from the prior year, operating profit +4.4%.

Five-year trend

Revenue¥117.3B
FY ending Mar 2022: ¥144.1B¥144.1BFY ending Mar 2023: ¥142.6B¥142.6BFY ending Mar 2024: ¥145.8B¥145.8BFY ending Mar 2025: ¥143.1B¥143.1BFY ending Mar 2026: ¥117.3B¥117.3BFY22FY23FY24FY25FY26
Operating income¥9.23B
FY ending Mar 2022: ¥12.7B¥12.7BFY ending Mar 2023: ¥4.52B¥4.52BFY ending Mar 2024: ¥2.6B¥2.6BFY ending Mar 2025: ¥8.84B¥8.84BFY ending Mar 2026: ¥9.23B¥9.23BFY22FY23FY24FY25FY26
Operating margin7.9%
FY ending Mar 2022: 8.8%8.8%FY ending Mar 2023: 3.2%3.2%FY ending Mar 2024: 1.8%1.8%FY ending Mar 2025: 6.2%6.2%FY ending Mar 2026: 7.9%7.9%FY22FY23FY24FY25FY26

What drives ROE

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

Net margin6.9%
Asset turnover1.58×
ROA10.9%
ROA10.9%
Financial leverage1.71×
ROE18.6%

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

Net margin6.9%
2022: 6.5%6.5%2023: 2.1%2.1%2024: 2.1%2.1%2025: 4.2%4.2%2026: 6.9%6.9%2223242526
Asset turnover1.58×
2022: 1.50×1.50×2023: 1.51×1.51×2024: 1.54×1.54×2025: 1.66×1.66×2026: 1.58×1.58×2223242526
ROA10.9%
2022: 9.8%9.8%2023: 3.2%3.2%2024: 3.2%3.2%2025: 7.0%7.0%2026: 10.9%10.9%2223242526
Financial leverage1.71×
2022: 1.53×1.53×2023: 1.52×1.52×2024: 1.52×1.52×2025: 1.61×1.61×2026: 1.71×1.71×2223242526
ROE18.6%
2022: 14.9%14.9%2023: 4.9%4.9%2024: 4.8%4.8%2025: 11.2%11.2%2026: 18.6%18.6%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20226.5%1.50×9.8%1.53×14.9%
20232.1%1.51×3.2%1.52×4.9%
20242.1%1.54×3.2%1.52×4.8%
20254.2%1.66×7.0%1.61×11.2%
20266.9%1.58×10.9%1.71×18.6%

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 ÷ revenue0.6%
2021: 8.9%8.9%2022: 7.7%7.7%2023: 7.9%7.9%2024: 7.6%7.6%2025: 0.5%0.5%2026: 0.6%0.6%212223242526
PPE ÷ total assets1.0%
2021: 13.5%13.5%2022: 11.5%11.5%2023: 12.0%12.0%2024: 11.5%11.5%2025: 1.0%1.0%2026: 1.0%1.0%212223242526
Goodwill ÷ parent equity—
2021: 0.2%0.2%212223242526
Goodwill balance—
2021: ¥109M¥109M212223242526

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

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥2.69B
2021: ¥2.92B¥2.92B2022: ¥3.47B¥3.47B2023: ¥3.44B¥3.44B2024: ¥3.16B¥3.16B2025: ¥2.83B¥2.83B2026: ¥2.69B¥2.69B212223242526
R&D / revenue2.3%
2021: 2.2%2.2%2022: 2.4%2.4%2023: 2.4%2.4%2024: 2.2%2.2%2025: 2.0%2.0%2026: 2.3%2.3%212223242526
Receivable days—
2021: 41d41d212223242526
Payable days56d
2021: 55d55d2022: 49d49d2023: 50d50d2024: 47d47d2025: 54d54d2026: 56d56d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue144,137142,576145,773143,110117,312
Cost of revenue100,219106,589109,700103,80486,925
Gross profit43,91835,98736,07239,30630,386
SG&A31,22031,46833,47430,46621,156
Operating income12,6984,5182,5978,8409,230
Pretax income13,0364,0884,6099,25910,377
Income tax3,6891,0301,5973,2522,305
Net income attributable to owners9,3463,0573,0126,0068,071
Operating margin8.8%3.2%1.8%6.2%7.9%

Balance sheet (reported items)

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

Assets

Cash 38%
1%
3%
2%
Other assets 56%

Funding

Trade payables 19%
Other liabilities 21%
Equity 60%
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¥21.8B¥20.5B¥30B¥31.6B¥27.2B
Total assets¥95.8B¥93.4B¥95.9B¥76.8B¥71.4B
Net assets¥63.1B¥62.5B¥63.9B¥45B¥43B
Share capital¥1B¥1B¥1B¥1B¥1B
Property, plant and equipment¥11B¥11.2B¥11.1B¥786M¥714M
Intangible assets excluding goodwill¥2.01B¥3.39B¥3.71B¥2.85B¥1.9B
Investment securities¥10.7B¥10.4B¥3.74B¥2.3B¥1.72B
Current assets¥69.7B¥66B¥75.6B¥69B¥65.3B
Current liabilities¥29.6B¥27.9B¥29.1B¥30.8B¥26.8B
Trade payables¥13.5B¥14.6B¥14.2B¥15.3B¥13.3B
Long-term borrowings¥99M———¥1.31B
Total liabilities¥32.7B¥30.9B¥32B¥31.7B¥28.4B
Equity attributable to owners of parent¥62.7B¥62.1B¥62.6B¥44.5B¥42.3B
Retained earnings¥64.9B¥61.1B¥62.1B¥43.6B¥41.8B
Treasury stock-¥3.49B-¥267M-¥756M-¥327M-¥730M

Sources

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

    有価証券報告書-第40期(2025/04/01-2026/03/31)

    ID S100YGR62026-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第39期(2024/04/01-2025/03/31)

    ID S100W5CM2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第38期(2023/04/01-2024/03/31)

    ID S100TT6K2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第37期(2022/04/01-2023/03/31)

    ID S100R57D2023-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第36期(令和3年4月1日-令和4年3月31日)

    ID S100OLFE2022-06-30Open
  • EDINET (FSA Japan)

    有価証券報告書-第35期(令和2年4月1日-令和3年3月31日)

    ID S100LRSI2021-06-28Open

Extracted from XBRL: 50 / Derived from other figures: 1

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