Buffalo (6676) Q4 2025 earnings summary

Executive summary

• Net sales for FY ended March 31, 2025 were ¥143,170 million, down 1.8% year-over-year, while operating profit surged 242.6% to ¥8,899 million and profit attributable to owners of parent nearly doubled to ¥6,006 million, up 99.4% year-over-year.

• Comprehensive income increased 32.0% year-over-year to ¥5,221 million.

Financial highlights

• Gross profit rose to ¥39,366 million from ¥36,072 million year-over-year, with gross margin improvement.

• Operating profit margin increased to 6.2% from 1.8% year-over-year.

• Ordinary profit reached ¥9,030 million, up 250.6% year-over-year.

• Basic earnings per share rose to ¥383.99 from ¥179.66 year-over-year.

• Cash and cash equivalents at year-end were ¥31,609 million, up from ¥29,958 million.

Outlook and guidance

• FY ending March 31, 2026 forecast: net sales ¥106,000 million (down 26.0%), operating profit ¥4,500 million (down 49.4%), profit attributable to owners of parent ¥3,200 million (down 46.7%), and EPS ¥210.45.

• Dividend forecast for FY2026 is ¥80.00 per share, with a payout ratio of 38.0%.