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Financial results presentation6676BUFFALO INC.Electrical Equipment and Precision Instruments

Earnings Presentation Materials for the Fiscal Year Ending March 2026

Revenue from continuing operations was ¥106.4 billion and operating income was ¥6.6 billion, recovering with higher revenue and substantially higher operating income year on year. Consolidated revenue declined due in part to the discontinuation of the Airdog business, while consolidated operating income, ordinary income and net income increased.

Worth reading
52Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
58
¥100 million (year-on-year change in operating income from continuing operations)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ending March 2026, full year11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,173 100 million-18.0%
Operating profit¥92 100 million+4.4%
Ordinary income¥102 100 million+13.2%
Net income¥80 100 million+34.4%
Full-year earnings forecast
Net Sales
¥1,100 100 million
Operating profit
¥62 100 million
Ordinary income
¥62 100 million
Net income
¥45 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Consolidated revenue
  • Higher selling prices+¥2.4 billion
  • Wholesale products+¥5.8 billion
  • Airdog-¥12.2 billion
  • Food Business-¥21.8 billion
Consolidated operating profit
  • Continuing operations+¥3.6 billion
  • Higher selling prices+¥1 billion
  • Cost Reduction+¥600 million
  • Other subsidiaries+¥400 million
  • Foreign Exchange+¥400 million
  • Airdog-¥2.6 billion
  • Food Business-¥3.0 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumed exchange rates for the fiscal year ending March 2026¥150.00 in the first half and ¥155.00 in the second half
Assumed exchange rate for the fiscal year ending March 2027¥155
New initiatives
  • Expand the rollout of Value Chain Engineering (VCE)
  • Deepen existing projects and consider M&A
  • Capital and business alliance with SECURE,INC.
  • Capital and business alliance with 株式会社ビットキー
  • Contract development of network video recorders
  • Stock split (each common share split into 2 shares)
  • Effective enhancement of the shareholder benefit program
  • Share repurchase of up to ¥11.2 billion and 4 million shares
Key KPIsA metric the company considers important as a management benchmark.
  • Individual shareholders11,542 people
    Year on year against the same period last yearApproximately double
  • CCC63.6 days
  • Wireless LAN unit sales share1 rank
    Year on year against the same period last yearNo. 1 for 24 consecutive years
  • JC-STAR-compatible products56 Series
  • JC-STAR-compatible model numbers158 Model number
Segment results
  • Continuing operations
    Net Sales¥1,064 100 million (YoY +9.1%)
    Operating profit¥66 100 million (YoY +655.0%)
  • Airdog series and other businesses
    Net Sales¥108 100 million (YoY -53.8%)
    Operating profit¥26 100 million (YoY -50.9%)
  • Food Business
Financial targets
Consolidated ROE target15% or higher
Actual ROE for the fiscal year ending March 202618.3％
Actual ROIC14.1％
Actual ROA9.7％
Market Size / Share
Wireless LAN businessNo. 1 in unit sales share for 24 consecutive years
Number of categories won at BCN AWARD 202615 Category
Number of employees
Number of Employees963 people consolidated group, as of 31 March 2026
Annual Dividend
Fiscal year ending March 2026
Annual¥120 /share before the stock split
Interim¥60 /share before the stock split
End of period¥60 /share before the stock split
Forecast for the fiscal year ending March 2027
Annual¥60 /share after the 1-for-2 stock split
Interim¥30 /share after the 1-for-2 stock split
End of period¥30 /share after the 1-for-2 stock split
Payout ratio
Consolidated payout ratio of approximately 30–40%; actual payout ratio for the fiscal year ending March 2026: 18.8%
Acquisition of treasury shares
Actual results for the fiscal year ending March 2026
Number of shares340 10,000 shares
Acquisition price87 10,000 shares
Amount unit¥100 million
Planned for the fiscal year ending March 2027
Number of shares400 10,000 shares
Buyback limit112 10,000 shares
Amount unit¥100 million
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales¥1,173 100 million (YoY -18.0%)
Operating profit¥92 100 million (YoY +4.4%)
Ordinary income¥102 100 million (YoY +13.2%)
Net income¥80 100 million (YoY +34.4%)
Full-year earnings forecastNet Sales ¥1,100 100 million / Operating profit ¥62 100 million / Ordinary income ¥62 100 million / Net income ¥45 100 million
Segment resultsCategory Continuing operations / Net Sales ¥1,064 100 million (YoY +9.1%) / Operating profit ¥66 100 million (YoY +655.0%), Category Airdog series and other businesses / Net Sales ¥108 100 million (YoY -53.8%) / Operating profit ¥26 100 million (YoY -50.9%), Category Food Business / Net Sales Not disclosed / Operating profit Not disclosed
Breakdown of Factors Affecting the ChangeConsolidated revenue Factors Higher selling prices / Amount +¥2.4 billion, Factors Wholesale products / Amount +¥5.8 billion, Factors Airdog / Amount -¥12.2 billion, Factors Food Business / Amount -¥21.8 billion / Consolidated operating profit Factors Continuing operations / Amount +¥3.6 billion, Factors Higher selling prices / Amount +¥1 billion, Factors Cost Reduction / Amount +¥600 million, Factors Other subsidiaries / Amount +¥400 million, Factors Foreign Exchange / Amount +¥400 million, Factors Airdog / Amount -¥2.6 billion, Factors Food Business / Amount -¥3.0 billion
Key KPIsIndicator name Individual shareholders / Value 11,542 people / Year on year against the same period last year Approximately double, Indicator name CCC / Value 63.6 days / Year on year against the same period last year Not disclosed, Indicator name Wireless LAN unit sales share / Value 1 rank / Year on year against the same period last year No. 1 for 24 consecutive years, Indicator name JC-STAR-compatible products / Value 56 Series / Year on year against the same period last year Not disclosed, Indicator name JC-STAR-compatible model numbers / Value 158 Model number / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees 963 people (consolidated group, as of 31 March 2026) / Changes during the period and hiring plan Not disclosed
Assumptions Underlying the Business OutlookAssumed exchange rates for the fiscal year ending March 2026 ¥150.00 in the first half and ¥155.00 in the second half / Assumed exchange rate for the fiscal year ending March 2027 ¥155
Financial targetsConsolidated ROE target 15% or higher / Actual ROE for the fiscal year ending March 2026 18.3％ / Actual ROIC 14.1％ / Actual ROA 9.7％
Annual DividendFiscal year ending March 2026 Annual ¥120 /share (before the stock split) / Interim ¥60 /share (before the stock split) / End of period ¥60 /share (before the stock split) / Forecast for the fiscal year ending March 2027 Annual ¥60 /share (after the 1-for-2 stock split) / Interim ¥30 /share (after the 1-for-2 stock split) / End of period ¥30 /share (after the 1-for-2 stock split)
Payout ratioConsolidated payout ratio of approximately 30–40%; actual payout ratio for the fiscal year ending March 2026: 18.8%
Acquisition of treasury sharesActual results for the fiscal year ending March 2026 Number of shares 340 10,000 shares / Acquisition price 87 10,000 shares / Amount unit ¥100 million / Planned for the fiscal year ending March 2027 Number of shares 400 10,000 shares / Buyback limit 112 10,000 shares / Amount unit ¥100 million / Period Not disclosed
Market Size / ShareWireless LAN business No. 1 in unit sales share for 24 consecutive years / Number of categories won at BCN AWARD 2026 15 Category
New initiativesExpand the rollout of Value Chain Engineering (VCE), Deepen existing projects and consider M&A, Capital and business alliance with SECURE,INC., Capital and business alliance with 株式会社ビットキー, Contract development of network video recorders, Stock split (each common share split into 2 shares), Effective enhancement of the shareholder benefit program, Share repurchase of up to ¥11.2 billion and 4 million shares
Items this document does not state (13)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

For continuing operations, performance was supported by higher selling prices following appropriate pricing, favorable market conditions and higher selling prices for wholesale products, cost reductions through the use of the engineering cycle, and foreign exchange movements that were stronger than assumed against the yen. Consolidated revenue declined due to the end of the exclusive distribution agreement for the Airdog series and the spin-off of the food business.

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Earnings Presentation Materials for the Fiscal Year Ending March 2026 | BUFFALO INC. (6676) timely disclosure | Komori