6676
BUFFALO INC.
株式会社バッファロー
Technology · Computer Hardware
Buffalo Inc., through its subsidiaries, develops, manufactures, and sells digital home appliances and computer peripherals in Japan and internationally. The company offers Wi-Fi, Wired LAN, Hard Disk) / NAS, SSD, Blu-ray/DVD/CD drive, memory, USB memory, memory cards/card readers/writers, audio/visual equipment, cable, mouse, keyboard and input devices, web camera/headset, smartphone accessories, tablet accessories, power supply related products, accessories and storage, tv accessories, and other peripherals. It is involved in Development, manufacturing and sales of equipment, construction, installation and maintenance of network infrastructure, data recovery services, and network storage; development and sales of storage software and direct marketing; exchange services and data; manufacture and sale of erasing products; planning, development, sales, and sales of audio equipment and related products; and procurement and management of materials. The company was formerly known as Melco Holdings Inc. and changed its name to Buffalo Inc. in April 2025. Buffalo Inc. was founded in 1975 and is headquartered in Tokyo, Japan.
Price
¥2,324
Market Cap
¥35.3B
Ent. Value
—
Net Cash
est
—
Shares Out.
15.2M
P / E
6.1×
EV / EBIT
—
P / Book
0.78×
P / NCAV
0.95×
Div. Yield
5.16%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥143.2B | ¥145.8B | ¥142.6B | ¥144.1B |
| Cost of Sales | ¥103.8B | ¥109.7B | ¥106.6B | ¥100.2B |
| Gross Profit | ¥39.4B | ¥36.1B | ¥36.0B | ¥43.9B |
| SG&A | ¥30.5B | ¥33.5B | ¥31.5B | ¥31.2B |
| Operating Income | ¥8.9B | ¥2.6B | ¥4.5B | ¥12.7B |
| Non-Operating Income | ¥328M | ¥287M | ¥512M | ¥856M |
| Dividend Income | ¥103M | ¥82M | ¥113M | ¥245M |
| Interest Income | ¥10M | ¥0M | ¥0M | ¥0M |
| Non-Operating Expenses | ¥198M | ¥309M | ¥312M | ¥470M |
| Interest Expense | ¥0M | ¥0M | ¥3M | ¥7M |
| Ordinary Income | ¥9.0B | ¥2.6B | ¥4.7B | ¥13.1B |
| Pre-tax Income | ¥9.3B | ¥4.6B | ¥4.1B | ¥13.0B |
| Income Taxes | ¥3.3B | ¥1.6B | ¥1.0B | ¥3.7B |
| Current Tax | ¥3.8B | ¥1.3B | ¥1.0B | ¥3.8B |
| Deferred Tax | ¥-520M | ¥288M | ¥-10M | ¥-62M |
| Net Income (owners) | ¥6.0B | ¥3.0B | ¥3.1B | ¥9.3B |
| Comprehensive Income | ¥5.2B | ¥4.0B | ¥3.0B | ¥9.4B |
| EBITDA | ¥11.2B | ¥5.7B | ¥6.8B | ¥15.1B |
| Goodwill Amort. (J-GAAP) | — | — | — | ¥109M |
| EPS | ¥383.99 | ¥179.66 | ¥181.23 | ¥584.32 |
| Shares Outstanding | 15.2M | 16.7M | 16.9M | 16.9M |
| Shares Issued (total) | 15.3M | 16.9M | 16.9M | 17.9M |
| Treasury Shares | 0.1M | 0.2M | 0.1M | 1.1M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥76.8B | ¥95.9B | ¥93.4B | ¥95.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥69.0B | ¥75.6B | ¥66.0B | ¥69.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥31.6B | ¥30.0B | ¥20.5B | ¥21.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥14.5B | ¥20.5B | ¥16.6B | ¥15.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥7.7B | ¥20.3B | ¥27.4B | ¥26.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥786M | ¥11.1B | ¥11.2B | ¥11.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥2.8B | ¥3.7B | ¥3.4B | ¥2.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥2.3B | ¥3.7B | ¥10.4B | ¥10.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥1.2B | ¥1.1B | ¥1.6B | ¥1.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥31.7B | ¥32.0B | ¥30.9B | ¥32.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥30.8B | ¥29.1B | ¥27.9B | ¥29.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥15.3B | ¥14.2B | ¥14.6B | ¥13.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | — | — | ¥99M | ¥861M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥2.7B | ¥748M | ¥303M | ¥1.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥953M | ¥2.9B | ¥3.0B | ¥3.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | — | — | — | ¥99M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥109M | ¥1.7B | ¥2.2B | ¥2.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥117M | ¥169M | ¥55M | ¥67M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥45.0B | ¥63.9B | ¥62.5B | ¥63.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥1.0B | ¥1.0B | ¥1.0B | ¥1.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥250M | ¥250M | ¥250M | ¥250M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥43.6B | ¥62.1B | ¥61.1B | ¥64.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-327M | ¥-756M | ¥-267M | ¥-3.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥547M | ¥1.3B | ¥388M | ¥438M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥44.5B | ¥62.6B | ¥62.1B | ¥62.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | — | — | ¥99M | ¥960M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥31.6B | ¥30.0B | ¥20.4B | ¥20.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥37.3B | ¥43.6B | ¥35.1B | ¥37.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥2,453 | ¥2,611 | ¥2,081 | ¥2,196 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,926 | ¥3,747 | ¥3,683 | ¥3,714 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥14.7B | ¥6.6B | ¥392M | ¥1.0B |
| Interest Paid | ¥0M | ¥0M | ¥-2M | ¥-5M |
| Interest Received | ¥114M | ¥487M | ¥517M | ¥245M |
| D&A | ¥2.3B | ¥3.1B | ¥2.3B | ¥2.3B |
| Goodwill Amort. | — | — | — | ¥109M |
| Investing CF | ¥-1.4B | ¥5.4B | ¥2.7B | ¥-1.8B |
| CapEx | ¥1.2B | ¥2.1B | ¥1.9B | ¥1.2B |
| Purchase Investments | ¥-1.6B | — | — | — |
| Proceeds from Invest. | ¥1.4B | — | — | — |
| Financing CF | ¥-7.2B | ¥-2.6B | ¥-4.5B | ¥-7.0B |
| Dividends Paid | ¥-1.9B | ¥-2.0B | ¥-2.0B | ¥-1.4B |
| Share Buybacks | ¥-5.2B | ¥-489M | ¥-57M | ¥-4.7B |
| LT Debt Repaid | — | ¥-99M | ¥-861M | ¥-899M |
| Free Cash Flow | ¥13.6B | ¥4.6B | ¥-1.5B | ¥-245M |
| Net Change in Cash | ¥6.2B | ¥9.5B | ¥-1.3B | ¥-7.7B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 11.0% | 4.8% | 4.9% | 16.2% |
| ROA | 7.0% | 3.2% | 3.2% | 9.8% |
| EPS | ¥383.99 | ¥179.66 | ¥181.23 | ¥584.32 |
| DPS | ¥120.00 | ¥120.00 | ¥120.00 | ¥110.00 |
| BPS | ¥2,961.91 | ¥3,826.71 | ¥3,705.70 | ¥3,739.64 |
| FCF/Share | ¥892 | ¥274 | ¥-87 | ¥-15 |
| NCAV/Share | ¥2,453 | ¥2,611 | ¥2,081 | ¥2,196 |
| Payout Ratio | 31.3% | 66.8% | 66.2% | 18.8% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 34
Capital Allocation Signals 3
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-19
15:40
|
Special Div | ¥710M ¥60.0/sh +0% | BUFFALO announced a year-end dividend of ¥60 per share (¥710 million total) for fiscal year ending March 31, 2026, uncha… | |
|
Summary
BUFFALO announced a year-end dividend of ¥60 per share (¥710 million total) for fiscal year ending March 31, 2026, unchanged from the prior year. The dividend comprises ¥40 ordinary dividend and ¥20 special/memorial dividend, with ex-date June 9, 2026. The company maintains its stable dividend policy targeting 30-40% consolidated payout ratio and 15%+ ROE.
Deadline: 2026-06-09
YoY: +0%
Source (JP)
2026年３月31日を基準日とする剰余金の配当（期末配当）...１株当たり配当金60円00銭（普通配当40円00銭）（記念配当20円00銭）...配当金総額710百万円
剰余金の配当（期末配当）に関するお知らせ
TDnet PDF
|
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|
2026-05-18
15:40
|
Other | ¥1.9B | BUFFALO announced that its wholly-owned subsidiary, 2-Connect Inc., will pay a dividend of ¥1,891 million with an effect… | |
|
Summary
BUFFALO announced that its wholly-owned subsidiary, 2-Connect Inc., will pay a dividend of ¥1,891 million with an effective date of May 29, 2026. BUFFALO will record ¥1,891 million as non-operating revenue in its individual financial statements for the fiscal year ending March 2027. The dividend has no impact on consolidated earnings as it is intra-group.
Deadline: 2026-05-29
Source (JP)
当社の完全子会社である株式会社トゥーコネクトにおいて、剰余金の配当について決定いたしました。配当金総額 1,891 百万円、効力発生日 2026 年５月 29 日
完全子会社からの剰余金の配当及び営業外収益の計上に関するお知らせ
TDnet PDF
|
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|
2026-05-14
15:30
|
Buyback | ¥11.2B 16.9% | BUFFALO (6676) announced a share buyback program authorized by board resolution on May 14, 2026. The company will acquir… | |
|
Summary
BUFFALO (6676) announced a share buyback program authorized by board resolution on May 14, 2026. The company will acquire up to 4 million shares (16.9% of outstanding shares) for a maximum of JPY 11.2 billion through April 30, 2027, targeting improved capital efficiency with a consolidated ROE goal of 15% or higher while maintaining foreign investor non-resident status under FEL.
Deadline: 2027-04-30
% of Shares: 16.9%
Shares: 4,000,000
Source (JP)
自己株式取得に係る事項について下記のとおり決議しましたのでお知らせいたします。取得し得る株式の総数４百万株（上限）、株式の取得価額の総額112億円（上限）、取得期間2026年５月15日～2027年４月30日
自己株式取得に係る事項の決定に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 | 株式会社メルコグループ | 6,315 | 41.53% |
| 2 | 牧 寛之 | 2,247 | 14.78% |
| 3 | ECM MF （常任代理人 立花証券株式会社） | 1,567 | 10.31% |
| 4 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社 （信託口）
|
623 | 4.09% |
| 5 | 公益財団法人牧誠財団 | 500 | 3.28% |
| 6 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行（信託口）
|
144 | 0.94% |
| 7 | 岩崎 泰次 | 142 | 0.93% |
| 8 | メルコ共栄会 | 124 | 0.81% |
| 9 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781 （常任代理人 株式会社みずほ銀行）
|
82 | 0.54% |
| 10 | 牧 廣美 | 79 | 0.52% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
5.0%
-0.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.5%
-0.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
72.2%
-1.4% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 77.7% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 式会社メルコグループ | — | 46.33% | 41.53% -4.80% | |
| 牧 寛之 | 3.76% | 12.53% | 14.78% +2.25% | |
| ECM MF | 10.56% | 9.70% | 10.31% +0.61% | |
| 日本マスタートラスト信託銀行 | 4.10% | 4.29% | 4.09% -0.20% | |
| 公益財団法人牧誠財団 | 2.96% | 2.99% | 3.28% +0.29% | |
| 日本カストディ銀行 | 1.08% | 1.14% | 0.94% -0.20% | |
| 岩崎 泰次 | 0.88% | 0.87% | 0.93% +0.06% | |
| メルコ共栄会 | 0.61% | 0.67% | 0.81% +0.14% | |
| JP Morgan | — | 0.97% | 0.54% -0.43% | |
| 牧 廣美 | — | 0.47% | 0.52% +0.05% | |
| 牧 大介 last seen 2023 | Exited Top 10 | 2.97% | — | — |
| 牧 順 last seen 2023 | Exited Top 10 | 1.77% | — | — |
| 式会社マキス last seen 2023 | Exited Top 10 | 49.77% | — | — |
| Concentration (HHI) ⓘ | 2643 | 2429 | 2080 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥2,273M
+114% since 2023
Holdings
16
+4 new
4 exited
Trend
Stable
vs 2023
| Held Company | FY2025 ¥2,273M total | FY2023 ¥1,060M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
SECURE,INC.
株式会社セキュア
|
1,311 |
NEW
New
800,000
|
— | ||
| VSTECS Berhad | 594 |
NEW
New
6,000,000
|
— | ||
| Copperwired Public Company Limited | 225 |
NEW
New
24,637,800
|
— | ||
|
SAISON TECHNOLOGY CO,.LTD.
株式会社セゾンテクノロジー
|
143 |
NEW
New
81,000
|
— | ||
|
TOMEN DEVICES CORPORATION
株式会社トーメンデバイス
|
— | — | |||
|
OTSUKA CORPORATION
株式会社大塚商会
|
— | — | |||
|
EIZO Corporation
EIZO株式会社
|
— | — | |||
|
Nojima Corporation
株式会社ノジマ
|
— | — | |||
|
ELECOM CO.,LTD.
エレコム株式会社
|
— | — | |||
|
K'S HOLDINGS CORPORATION
株式会社ケーズホールディングス
|
— | — | |||
|
BIC CAMERA INC.
株式会社ビックカメラ
|
— | — | |||
|
Kojima Co.,Ltd.
株式会社コジマ
|
— | — | |||
|
PC DEPOT CORPORATION
株式会社ピーシーデポコーポレーション
|
— | — | |||
|
Laox Holdings CO.,LTD.
ラオックスホールディングス株式会社
|
— | — | |||
|
ALLIED TELESIS HOLDINGS K.K.
アライドテレシスホールディングス株式会社
|
— | — | |||
|
Pixela Corporation
株式会社ピクセラ
|
— | — | |||
|
Joshin Denki Co., Ltd.
上新電機株式会社
|
— |
−100%
Exit
—
|
320 | 164,000 | |
|
TOKAI ELECTRONICS CO.,LTD.
東海エレクトロニクス株式会社
|
— |
−100%
Exit
—
|
182 | 61,630 | |
| Copperwired Co.,Ltd | — |
−100%
Exit
—
|
310 | 24,637,800 | |
| ECS ICT Berhad | — |
−100%
Exit
—
|
248 | 6,000,000 | |
| Portfolio total | 2,273 | 1,060 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding