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Japanese maker of Wi-Fi routers, network storage (NAS) and PC/consumer electronics peripherals.
Japanese maker of Wi-Fi routers, network storage (NAS) and PC/consumer electronics peripherals.
Sells routers, storage and accessories mostly through Japanese retailers and online stores, and also to small businesses, so sales rise when households upgrade to new Wi-Fi standards. It is among the best-known home-networking brands in Japan, competing with low-cost imports.
In one line: A Japanese Netgear/Synology.
Moat: none (distribution, brand). Recognized brand and retail distribution in Japan, but consumer networking hardware is commoditized and low-margin.
Headquarters: Nagoya, Japan · Founded: 1975 · Employees: 963
Size Buffalo (6676.T) is a Japan Information Technology company (Computer Peripherals) with a market value of $458M, the 1123rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,020 on 6 Nov 2026.
Performance Over six months the shares gained 23.3%, against -12.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue fell 19.1% over the last twelve months (peer median +5.1%); the operating margin is 8.1% (peer median 1.2%).
Valuation It trades at 9.3× forward earnings against a peer median of 26.9× (cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 23.9 points above its cost of capital (7.1% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥112B | ¥117B | ¥143B | ¥146B | ¥143B |
| Revenue growth | — | -18% | -2% | +2% | — |
| Gross profit | ¥27.8B | ¥29.3B | ¥38.0B | ¥36.1B | ¥36.0B |
| EBITDA | ¥10.5B | ¥10.6B | ¥11.1B | ¥5.67B | ¥6.77B |
| Net income | ¥7.80B | ¥8.07B | ¥6.01B | ¥3.01B | ¥3.06B |
| Free cash flow | n/a | ¥3.49B | ¥13.6B | ¥4.57B | -¥1.47B |
| Capital expenditure | n/a | ¥408M | ¥1.58B | ¥3.53B | ¥3.90B |
| Total debt | ¥1.47B | ¥1.55B | ¥0 | ¥0 | ¥99.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Buffalo 6676.T | $458M | +23% | -19% | 8% | 9.3× | -10.5% |
| Stanley Electric 6923.T | $2.41B | +1% | +11% | 7% | 9.9× | 1.3% |
| NETGEAR NTGR | $513M | -31% | -1% | -4% | 46.4× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6676.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.6% | -18.0% | 9th highest of 21 |
| 6-month return | +23.3% | -12.4% | 2nd highest of 21 |
| Distance from 52-week high | -19.8% | -38.9% | 3rd highest of 21 |
| Revenue growth (TTM) | -19.1% | +5.1% | 3rd lowest of 21 |
| Operating margin | 8.1% | 1.2% | 4th highest of 21 |
| Forward P/E | 9.3× | 26.9× | cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -10.5% | 12.4% | 2nd least demanding of 10 |
| Growth delivered (Del g) | -2.0% | +6.2% | 2nd lowest of 10 |
| Hurdle (Req g minus delivered) | -8.5 pp | -4.0 pp | 3rd least demanding of 10 |
| ROIC minus cost of capital | +23.9 pp | -3.8 pp | 2nd highest of 20 |
| EV / EBITDA | 4.6× | 9.7× | 2nd cheapest of 10 |
| Net debt / EBITDA | -2.3× | -0.8× | 6th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Buffalo 6676.T | Japan | $458M | +23% | -19% | 8% | 9.3× | -10.5% | -2.0% |
| Alpha Networks 3380.TW | Taiwan | $437M | -23% | +11% | 1% | 26.9× | n/a | n/a |
| Shenzhen Emperor Technology 300546.SZ | China | $434M | -22% | +8% | 3% | n/a | 38.7% | +7.9% |
| Surfilter Network Technology 300311.SZ | China | $488M | -11% | +15% | 7% | n/a | n/a | n/a |
| Riso Kagaku 6413.T | Japan | $418M | +3% | +5% | 6% | 16.2× | -2.7% | +2.9% |
| Huasu 000509.SZ | China | $502M | -13% | -23% | -2% | n/a | n/a | n/a |
| Sato 6287.T | Japan | $508M | +19% | +10% | 7% | 9.9× | -11.3% | +8.4% |
| Quanta Storage 6188.TWO | Taiwan | $409M | -45% | +3% | 7% | n/a | n/a | n/a |
| Shenzhen Fluence Technology 300647.SZ | China | $517M | +7% | +12% | -20% | n/a | n/a | n/a |
| IEI Integration 3022.TW | Taiwan | $405M | +1% | +3% | 6% | 10.8× | n/a | n/a |
| Taiwan Semiconductor 5425.TWO | Taiwan | $520M | +7% | +5% | 9% | 18.3× | 7.6% | +11.6% |
| Backblaze BLZE | United States | $523M | +10% | +17% | -4% | 26.7× | 12.7% | +22.1% |
| Gallant Precision Machining 5443.TWO | Taiwan | $374M | -44% | +12% | 12% | n/a | 12.4% | +6.2% |
| Stratasys SSYS | United States | $565M | -25% | -3% | -14% | 45.9× | n/a | n/a |
| Newcapec Electronics 300248.SZ | China | $567M | -17% | +1% | 1% | 32.0× | 21.5% | +0.9% |
| Quantum QMCO | United States | $570M | +100% | +11% | 0% | 27.1× | n/a | n/a |
| Wacom 6727.T | Japan | $570M | -6% | -3% | 13% | 9.3× | -6.0% | +0.3% |
| Sysgration 5309.TWO | Taiwan | $360M | -19% | +9% | -4% | 44.3× | n/a | n/a |
| Hanwang Technology 002362.SZ | China | $596M | -12% | -2% | -13% | 81.8× | n/a | n/a |
| Chengdu Jiafaantai Education Technology 300559.SZ | China | $602M | -26% | -26% | 0% | 35.5× | 35.7% | -6.0% |
| Winner Technology 300609.SZ | China | $341M | -53% | -6% | -41% | n/a | n/a | n/a |