Buffalo (6676) Q4 2026 earnings summary

Executive summary

• FY2026 consolidated sales were ¥117,312 million, down 18.0%; operating profit rose 4.4% to ¥9,230 million, ordinary profit rose 13.2% to ¥10,219 million, and parent net income rose 34.4% to ¥8,071 million.

• Consolidated sales declined after the Shimadaya food-business spin-off and the end of Airdog distribution; continuing-business sales and operating profit increased.

• Continuing-business sales were ¥106.4bn, up 9.1%, and operating profit was ¥6.6bn, up 655.0%.

Financial highlights

• FY2026 gross profit was ¥30,386 million, with a gross margin of 25.9%.

• Basic EPS rose to ¥319.92 from ¥192.00 year-over-year; net assets per share increased to ¥1,815.81 from ¥1,480.95.

• Cash and cash equivalents at year-end were ¥27,215 million, down from ¥31,609 million.

• Comprehensive income increased 57.9% year-over-year to ¥8,243 million.

Outlook and guidance

• FY2027 forecast: sales ¥110.0bn, down 6.2%; operating profit ¥6.2bn, down 32.8%; ordinary profit ¥6.2bn, down 39.3%; and parent net income ¥4.5bn, down 44.2%.

• Continuing-business sales are forecast at ¥110.0bn, up 3.4%, and operating profit at ¥6.2bn, down 6.2%.

• Guidance assumes ¥155/$ and excludes FY2026 currency tailwinds and temporary profit boosts; higher prices and cost reductions are expected to offset some headwinds.

• FY2027 annual dividend is forecast at ¥60 per share after the stock split; basic EPS is forecast at ¥190.03.