Komori
Earnings7740Tamron Co.,Ltd.Electrical Equipment and Precision Instruments

Summary of Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

In the first quarter of the fiscal year ending December 2026, net sales declined 5.0% year on year and operating profit declined 18.7%. Although the Surveillance & FA-related business and other businesses grew, lower sales in the Photography-related business and higher costs weighed on overall results. The full-year earnings forecast and dividend forecast remain unchanged.

Worth reading
44Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
18.7
% (year-on-year decline in operating income)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAP
Net Sales18,485¥ millionYear on year -5.0%Progress 20.3%
Operating profit3,441¥ millionYear on year -18.7%Progress 18.6%
Ordinary income3,363¥ millionYear on year -20.6%Progress 18.2%
Net income attributable to owners of the parent2,712¥ millionYear on year -4.5%Progress 19.8%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥16.82
Financial position at period-end
Total assets102,868¥ million
of which net assets 84,861 ¥ millionEquity ratio 82.5%vs. prior year-end +1.5pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Segment revenuePhotography-related business ¥11,305 million (YoY -16.7%), Surveillance & factory automation business ¥3,602 million (YoY +25.2%), Mobility & healthcare and other businesses ¥3,577 million (YoY +19.1%)
Segment profitPhotography-related business ¥2,390 million (YoY -37.2%), Surveillance & factory automation business ¥523 million (YoY +27.9%), Mobility & healthcare and other businesses ¥901 million (YoY +23.7%)
Regional salesCurrent fiscal year Region Japan / Photography-related business 2,242 / Surveillance & factory automation business 290 / Mobility & healthcare and other businesses 1,941, Region North America / Photography-related business 1,901 / Surveillance & factory automation business 396 / Mobility & healthcare and other businesses 515, Region Europe / Photography-related business 1,636 / Surveillance & factory automation business 1,093 / Mobility & healthcare and other businesses 328, Region Asia / Photography-related business 5,176 / Surveillance & factory automation business 1,801 / Mobility & healthcare and other businesses 791, Region Other / Photography-related business 349 / Surveillance & factory automation business 21 / Mobility & healthcare and other businesses 0
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥91,000 million (YoY +7.0%)
Operating profit¥18,500 million (YoY +11.2%)
Ordinary income¥18,500 million (YoY +10.8%)
Net income¥13,690 million (YoY +16.4%)
Revision to Earnings ForecastNo revision
Annual Dividend Forecast¥36.25 → ¥37.00
Factors Behind Changes in Business Performance

The Surveillance & FA-related business and Mobility & Healthcare, and Other businesses recorded double-digit revenue growth, supported by strong demand, while sluggish sales of certain OEM product models for which orders had been received in the Photography-related business weighed on overall sales. On the earnings side, results were affected by the impact of lower revenue, higher raw material, utility, and personnel costs, and higher selling, general and administrative expenses due to strengthened research and development.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Depreciation and amortization¥852 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo (no target participants specified)
Issued Shares at Period-End170,800,000 Shares
Treasury Shares at Period-End9,555,051 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–31 March 2026
Net Sales¥18,485 million (YoY -5.0%)
Operating profit¥3,441 million (YoY -18.7%)
Ordinary income¥3,363 million (YoY -20.6%)
Profit attributable to owners of the parent¥2,712 million (YoY -4.5%)
Net income per share¥16.82
Equity ratioEnd of the current fiscal period 82.5 / End of previous period 81
Total assets¥102,868 million
Net assets¥84,861 million
Full-year earnings forecastNet Sales ¥91,000 million (YoY +7.0%) / Operating profit ¥18,500 million (YoY +11.2%) / Ordinary income ¥18,500 million (YoY +10.8%) / Net income ¥13,690 million (YoY +16.4%)
Revision to Earnings ForecastNo revision
Annual Dividend Forecast¥36.25 → ¥37.00
Segment revenuePhotography-related business ¥11,305 million (YoY -16.7%), Surveillance & factory automation business ¥3,602 million (YoY +25.2%), Mobility & healthcare and other businesses ¥3,577 million (YoY +19.1%)
Segment profitPhotography-related business ¥2,390 million (YoY -37.2%), Surveillance & factory automation business ¥523 million (YoY +27.9%), Mobility & healthcare and other businesses ¥901 million (YoY +23.7%)
Regional salesCurrent fiscal year Region Japan / Photography-related business 2,242 / Surveillance & factory automation business 290 / Mobility & healthcare and other businesses 1,941, Region North America / Photography-related business 1,901 / Surveillance & factory automation business 396 / Mobility & healthcare and other businesses 515, Region Europe / Photography-related business 1,636 / Surveillance & factory automation business 1,093 / Mobility & healthcare and other businesses 328, Region Asia / Photography-related business 5,176 / Surveillance & factory automation business 1,801 / Mobility & healthcare and other businesses 791, Region Other / Photography-related business 349 / Surveillance & factory automation business 21 / Mobility & healthcare and other businesses 0
Depreciation and amortization¥852 million
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo (no target participants specified)
Issued Shares at Period-End170,800,000 Shares
Treasury Shares at Period-End9,555,051 Shares
Factors Behind Changes in Business PerformanceThe Surveillance & FA-related business and Mobility & Healthcare, and Other businesses recorded double-digit revenue growth, supported by strong demand, while sluggish sales of certain OEM product models for which orders had been received in the Photography-related business weighed on overall sales. On the earnings side, results were affected by the impact of lower revenue, higher raw material, utility, and personnel costs, and higher selling, general and administrative expenses due to strengthened research and development.
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)Material subsequent events

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In the Photography-related business, sluggish sales of certain OEM product models for which orders had been received continued from the second half of the previous fiscal year and contributed to lower revenue. On the earnings side, results were affected by the impact of lower revenue, higher raw material and utility costs, rising personnel expenses, and higher selling, general and administrative expenses due to strengthened research and development. Meanwhile, the Surveillance & FA-related business, Mobility & Healthcare, and Other businesses recorded higher revenue and profit, supported by strong demand.

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Summary of Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | Tamron Co.,Ltd. (7740) timely disclosure | Komori