Buffalo Income Statement

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

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	13,706	12,185	11,216	10,795	10,000
Revenue Growth (YoY)	12.48%	8.64%	3.90%	7.95%	5.81%
Cost of Revenue	6,124	5,818	5,890	5,538	5,187
Gross Profit	7,582	6,367	5,326	5,257	4,813
Selling, General & Admin	6,981	5,669	4,744	4,575	4,223
Operating Expenses	6,981	5,859	4,913	4,732	4,372
Operating Income	601	508	413	525	441
Interest Expense	-18	-12	-9	-8	-6
Interest & Investment Income	17	10	8	9	10
Other Non Operating Income (Expenses)	41	35	46	38	127
EBT Excluding Unusual Items	641	541	458	564	572
Gain (Loss) on Sale of Assets	17	2	-	-	-
Asset Writedown	-12	-	-203	-30	-46
Pretax Income	646	543	255	534	526
Income Tax Expense	207	200	141	209	175
Net Income	439	343	114	325	351
Net Income to Common	439	343	114	325	351
Net Income Growth	27.99%	200.88%	-64.92%	-7.41%	21.88%
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2
Shares Change (YoY)	-0.00%	-	2.04%	1.03%	0.56%
EPS (Basic)	187.33	146.37	48.65	141.52	154.41
EPS (Diluted)	187.33	146.37	48.65	141.52	154.41
EPS Growth	27.99%	200.88%	-65.63%	-8.35%	21.20%
Free Cash Flow	465	-23	401	411	453
Free Cash Flow Per Share	198.43	-9.81	171.12	178.96	199.28
Dividend Per Share	-	60.000	55.000	45.000	40.000
Dividend Growth	-	9.09%	22.22%	12.50%	-
Gross Margin	55.32%	52.25%	47.49%	48.70%	48.13%
Operating Margin	4.38%	4.17%	3.68%	4.86%	4.41%
Profit Margin	3.20%	2.81%	1.02%	3.01%	3.51%
Free Cash Flow Margin	3.39%	-0.19%	3.57%	3.81%	4.53%
EBITDA	844	680	582	682	590
EBITDA Margin	6.16%	5.58%	5.19%	6.32%	5.90%
D&A For EBITDA	243	172	169	157	149
EBIT	601	508	413	525	441
EBIT Margin	4.38%	4.17%	3.68%	4.86%	4.41%
Effective Tax Rate	32.04%	36.83%	55.29%	39.14%	33.27%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.