BUFFALO CO.,LTD.
3352・Standard Market・Retail Trade
Business
Buffalo Co., Ltd. is a car goods retail and service company that operates 15 stores (12 Autobacs stores and 3 Super Autobacs stores) as a franchisee of Autobacs Seven Co., Ltd., spanning from southwestern Saitama Prefecture to northern Tokyo. Its core businesses are Tire & Wheel Sales, pit services (vehicle inspections, maintenance, coating, etc.), Car Electronics, Oil & Battery, used car sales, and insurance agency operations. Through its consolidated subsidiary Buffalo Food Service Co., Ltd., established in 2019, the company also operates a Food & Beverage Business comprising 5 Yakiniku Like stores and 5 PISOLA (Italian Restaurant) stores, totaling 10 stores, and is building a two-pillar business structure. Its main customers are general consumers in the Saitama and northern Tokyo areas, with community-focused customer service and hospitality at the core of its management approach.
Business Model
In the Autobacs Business, the company pays royalties to Autobacs Seven Co., Ltd. at a fixed rate on sales in exchange for receiving the brand, merchandise, and management know-how. The revenue pillars are Pit Service Labor Charges (28.0% of sales) and Tire & Wheel Sales (22.9% of sales), capturing maintenance demand driven by the lengthening of vehicle ownership periods. The Food & Beverage Business is likewise operated under an FC-affiliate format and is currently in a growth investment phase. Both businesses build their revenue base on cultivating repeat customers and improving customer service quality.
Company Strengths
By concentrating 15 stores in a limited area spanning southwestern Saitama Prefecture to northern Tokyo, the company is able to achieve unified business operations, staffing, and sales promotion measures. The securities report explicitly states that "unified business operations are possible due to the concentration of business areas," and notes that performance has been trending favorably.
The company has a track record of developing and introducing original pit service menus such as "Quick Eco Repair" ahead of other companies. In FY2026 (ending March 2026), Pit Service Labor Charges revenue reached ¥3,840 million (up 11.2% year on year), maintaining revenue growth. The company has continued to expand its track record year after year through active capital investment in aesthetic-related services such as body coating and headlight coating.
As of the end of FY2026 (ending March 2026), the equity ratio remained at a high level of 66.1%, and cash and deposits reached ¥3,829 million. Against interest-bearing debt (long-term borrowings of ¥748 million), the interest coverage ratio stood at a high 50.3 times, indicating strong financial soundness and ample funding capacity to support growth investments under the medium-term management plan.
ENVALITH's Perspective
Performance Trend
For FY2026 (ending March 2026) (revised), revenue reached ¥13,707 million (up 12.5% year on year), operating profit was ¥605 million (up 18.1%), and net income attributable to owners of parent was ¥442 million (up 28.6%), achieving double-digit growth at every profit level. Revenue in the Food & Beverage Business expanded sharply, up 77.9% year on year to ¥2,044 million, driving overall company revenue growth. The Autobacs Business was also solid, up 5.7% year on year. Gross profit margin improved to 55.4% (from 52.3% in the prior period), aided by a narrowing of losses in the Food & Beverage Business (from ¥-105 million to ¥-40 million). On the financial side, total assets stood at ¥9,832 million and the equity ratio was maintained at 66.1%, while operating cash flow increased 56% year on year to ¥929 million. Looking at the five-year performance trend, revenue progressed from ¥10,001 million → ¥10,796 million → ¥11,217 million → ¥12,186 million → ¥13,707 million, and operating profit moved from ¥442 million → ¥525 million → ¥413 million → ¥513 million → ¥605 million, clearly showing a recovery and expansion trend following the temporary profit decline in FY2024 (ended March 2024).
Growth Strategy
Autobacs Business expansion to a 20-store network and establishment of a second growth pillar in the Food & Beverage Business centered on PISOLA (Italian Restaurant)
Continue to expand the number of vehicle inspections centered on "Autobacs Vehicle Inspection - Peace of Mind and Trust". Actively invest in equipment for aesthetic services such as body coating and headlight coating, further raising the sales composition ratio of Pit Service Labor Charges (28.0%). Maintain and improve store visit frequency through enhanced convenience via smartphone apps and web reservations.
Operating 5 PISOLA (Italian Restaurant) stores as of the end of FY2026 (ending March 2026), an increase of 2 stores from the previous fiscal year-end. Newly opened the Kumagaya Tsukimicho store in May 2025 and the Toda Koen store in August 2025. Pursue both raising awareness in surrounding areas and improving the earnings structure of existing stores (hiring foreign nationals with specified skills, reducing food loss), aiming to turn the Food & Beverage Business profitable.
Introduced a three-day weekend system for store staff work schedules from April 2025, aiming to improve work-life balance. Promote the securing and retention of human resources amid a persistent labor shortage environment, and continue developing specialized staff with strong customer service and technical skills, thereby maintaining and improving service quality and sustaining competitive advantage.
Forecasting net sales of ¥14,050 million (up 2.5% year on year), operating profit of ¥713 million (up 17.9% year on year), and net income of ¥485 million (up 9.7% year on year). Stable growth in the Autobacs Business and the reduction of losses and profitability turnaround in the Food & Beverage Business are key to achieving this. Also planning to increase the annual dividend to ¥70 (from ¥65 in the previous fiscal year), anticipating continued expansion of shareholder returns.
Last updated: July 19, 2026