Tamron Q1 financial results: “Slump in sales” because of “risks and uncertainty over the policies of the new US administration”

• 6 months ago
• Categories: Tamron
• Tags: financial results

Tamron released their Q1 FY2025 financial results – here is the summary:

• Sales decline in photographic products (Own-brand): Continued slump in sales in the US market, and reactionary decline in China market from high growth in 1Q, 2024.
• Continuing geopolitical risks and uncertainty over the policies of the new U.S.
  
  administration have led to a widespread slowdown in overseas economies.
• The JPY depreciation against USD, but appreciation against EUR.
• Continuing higher material costs and rising labor costs due to inflation.
• The market for interchangeable lens cameras and interchangeable lenses grew
  
  in both quantity and value, driven by steady demand for mirrorless cameras.

Tamron plans to launch six new lenses in 2025 (five more new lenses in addition to the Tamron 18-300mm f/3.5-6.3 Di III-A VC VXD):

• Before 2023: approximately five new lenses per year
• Initial medium-term management plan (2024-2026): 6 to 7 new lenses a year
• New medium-term management plan (2024-2026): 10 new models a year starting from 2026

Tamron’s impact of US tariffs:

Here are the details for the Tamron Photographic Products:

Source: Tamron