Tamron’s FY2020 financial results: sales, income, profits down

Today Tamron released their FY2020 financial results here is a summary:

  • Sales decreased by 15 billion yen from the previous year due to drastic decline of the digital camera markets; The sales decline related to digital cameras was 13.5 billion yen.
  • Some of operations at domestic plant continually closed due to a sharp decrease in demands.
  • Operating income halved due to significant decreased sales of 20% or more compare to previous year, but operating income
    ratio kept 7% level.
  • Although sales and profits decreased in the 2nd half from the previous year, sales showed increase by 30% compare to 1st half and operating income ratio recovered to 10% level.

Here are the results for the photographic products segment:

  • With the newly launched mirrorless models, total sales of the own-brand stopped decline less than the market decline.
  • Although sales decreased by 30% from the previous year, operating income ratio kept 15% level.
  • Sales did not achieve the forecast, but the operating income achieved the forecast due to the higher gross profit margin, together with the lower SGA expenses.

Via : CNBC, Tamron, Digicame-info

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