Buffalo Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	13,433	12,185	11,216	10,795	10,000	9,451
Revenue Growth (YoY)	11.63%	8.64%	3.90%	7.95%	5.81%	4.23%
Cost of Revenue	6,035	5,818	5,890	5,538	5,187	4,909
Gross Profit	7,398	6,367	5,326	5,257	4,813	4,542
Selling, General & Admin	6,578	5,669	4,744	4,575	4,223	4,057
Operating Expenses	6,763	5,859	4,913	4,732	4,372	4,183
Operating Income	635	508	413	525	441	359
Interest Expense	-17	-12	-9	-8	-6	-1
Interest & Investment Income	18	10	8	9	10	10
Other Non Operating Income (Expenses)	49	35	46	38	127	73
EBT Excluding Unusual Items	685	541	458	564	572	441
Gain (Loss) on Sale of Assets	2	2	-	-	-	-1
Asset Writedown	-12	-	-203	-30	-46	-5
Pretax Income	675	543	255	534	526	435
Income Tax Expense	231	200	141	209	175	147
Net Income	444	343	114	325	351	288
Net Income to Common	444	343	114	325	351	288
Net Income Growth	219.42%	200.88%	-64.92%	-7.41%	21.88%	-10.28%
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	-0.00%	-	2.04%	1.03%	0.56%	0.76%
EPS (Basic)	189.47	146.37	48.65	141.52	154.41	127.40
EPS (Diluted)	189.47	146.37	48.65	141.52	154.41	127.40
EPS Growth	219.43%	200.88%	-65.63%	-8.35%	21.20%	-10.96%
Free Cash Flow	-	-23	401	411	453	401
Free Cash Flow Per Share	-	-9.81	171.12	178.96	199.28	177.39
Dividend Per Share	30.000	60.000	55.000	45.000	40.000	40.000
Dividend Growth	-50.00%	9.09%	22.22%	12.50%	-	-
Gross Margin	55.07%	52.25%	47.49%	48.70%	48.13%	48.06%
Operating Margin	4.73%	4.17%	3.68%	4.86%	4.41%	3.80%
Profit Margin	3.31%	2.81%	1.02%	3.01%	3.51%	3.05%
Free Cash Flow Margin	-	-0.19%	3.57%	3.81%	4.53%	4.24%
EBITDA	809.25	680	582	682	590	485
EBITDA Margin	6.02%	5.58%	5.19%	6.32%	5.90%	5.13%
D&A For EBITDA	174.25	172	169	157	149	126
EBIT	635	508	413	525	441	359
EBIT Margin	4.73%	4.17%	3.68%	4.86%	4.41%	3.80%
Effective Tax Rate	34.22%	36.83%	55.29%	39.14%	33.27%	33.79%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.