Tamron Posts Strong 3nd Quarter 2024 Financial Results

Tamron as shared the 1st Quarter 2024 Financial Results.

A selection of quotes:

"Sales of Photographic Products is expected to increase by double digits even the sales of Own-Brand products decline slightly from the Aug. 8 forecast due to delay sales recovery in Europe and US, and a slowdown in the Chinese market in the 2nd half of 2024."

"Strong sales of OEM products is expected to exceed the Aug.8 forecast and is planned to increase by 1.4 times YoY."

"Strong sales in both own-brand and OEM products and the favorable foreign exchange effects led to upward revisions of both Sales and Operating Income following 1st and 2nd quarters."

"Before 2023: Approximately 5 new models. New medium-term(2024-2026) management plan policy: 6 to 7 new models a year to 7 new models in the first year(2024) of the plan."