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
