Komori
Results6676BUFFALO INC.Electric Appliances & Precision Instruments

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

During the interim period, revenue declined 8.2% year on year, while operating profit increased 4.3%. Appropriate pricing, large-scale projects, and cost reductions lifted profit, but total revenue and net income declined following the end of the sales agreement for the “Airdog” series.

Worth reading
44Recurring
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
8.2
%
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales55,149¥ millionYear on year -8.2%Progress 49.7%
Operating profit5,788¥ millionYear on year +4.3%Progress 67.3%
Ordinary income5,788¥ millionYear on year +2.6%Progress 68.1%
Net income attributable to owners of the parent4,331¥ millionYear on year -6.2%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥182.67
Financial position at period-end
Total assets75,725¥ million
of which net assets 46,186 ¥ millionEquity ratio 61.0%vs. prior year-end +0.8pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+660
Investment-5
Financials-828
Net change-173

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥27,037 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥111,000 million (YoY -5.4%)
Operating profit¥8,600 million (YoY -6.8%)
Ordinary income¥8,500 million (YoY -16.8%)
Profit attributable to owners of the parent¥6,200 million (YoY -23.2%)
Annual Dividend Forecast¥120 → ¥60(-50.0%)
Factors Behind Changes in Business Performance

The increase in the average selling price absorbed the impact of higher procurement prices for components and the weaker yen. The acquisition of large-scale projects, increased demand for industrial applications, profit management for wholesale products, and cost reductions contributed to profit. Meanwhile, the end of the exclusive domestic sales agreement for the “Airdog” series resulted in lower revenue and profit.

Disclosure regarding the going concern assumption

None applicable

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name No
Material subsequent eventsThe company resolved to expand the share buyback limit, repurchase shares within that limit, and adopt specific methods for the repurchase.
Impairment loss¥0 million (none recorded during the interim period)
Breakdown of extraordinary income (loss)Extraordinary income Gain on transfer of business ¥16 million / Extraordinary loss Loss on disposal of fixed assets ¥1 million
Depreciation and amortization¥610 million
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingWhether applicable Available / Subject person Analysts and institutional investors
Issued Shares at Period-End24,000,000 shares
Treasury Shares at Period-End269,691 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥55,149 million (YoY -8.2%)
Operating profit¥5,788 million (YoY +4.3%)
Ordinary income¥5,788 million (YoY +2.6%)
Profit attributable to owners of the parent¥4,331 million (YoY -6.2%)
Net income per share¥182.67
Equity ratioEnd of the current fiscal period 61 / End of previous period 60.2
Total assets¥75,725 million
Net assets¥46,186 million
Cash flows from operating activities¥660 million
Cash flows from investing activities¥-5 million
Cash flows from financing activities¥-828 million
Cash and cash equivalents at end of period¥27,037 million
Full-year earnings forecastNet Sales ¥111,000 million (YoY -5.4%) / Operating profit ¥8,600 million (YoY -6.8%) / Ordinary income ¥8,500 million (YoY -16.8%) / Profit attributable to owners of the parent ¥6,200 million (YoY -23.2%)
Annual Dividend Forecast¥120 → ¥60(-50.0%)
Depreciation and amortization¥610 million
Impairment loss¥0 million (none recorded during the interim period)
Breakdown of extraordinary income (loss)Extraordinary income Gain on transfer of business ¥16 million / Extraordinary loss Loss on disposal of fixed assets ¥1 million
Disclosure regarding the going concern assumptionNone applicable
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name No
Material subsequent eventsThe company resolved to expand the share buyback limit, repurchase shares within that limit, and adopt specific methods for the repurchase.
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingWhether applicable Available / Subject person Analysts and institutional investors
Issued Shares at Period-End24,000,000 shares
Treasury Shares at Period-End269,691 shares
Factors Behind Changes in Business PerformanceThe increase in the average selling price absorbed the impact of higher procurement prices for components and the weaker yen. The acquisition of large-scale projects, increased demand for industrial applications, profit management for wholesale products, and cost reductions contributed to profit. Meanwhile, the end of the exclusive domestic sales agreement for the “Airdog” series resulted in lower revenue and profit.
Items this document does not state (8)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlog

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.

Continued appropriate pricing increased the average selling price, absorbing the impact of higher procurement prices for components and the weaker yen. Although demand contracted as selling prices rose, unit sales were broadly in line with expectations. The acquisition of larger-than-expected projects, increased demand for industrial applications, profit management for wholesale products, and cost reductions also contributed to earnings. Meanwhile, the “Airdog” series recorded lower revenue and profit following the end of its exclusive domestic sales agreement.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | BUFFALO INC. (6676) timely disclosure | Komori