Tamron to Release 6 New Lenses in 2024
Tamron has released their financial results for 2023 and the forecast for 2024. In 2024, Tamron plans to release 6 new lenses.
And below is the summary of financial results:
- FY2023 sales rose 12.6% year-over-year to 71.4 billion yen, exceeding revised forecast.
- FY2023 operating profit hit a new record high of 13.6 billion yen, up 23.3% year-over-year.
- Launched new 3-year medium-term plan “Value Creation 26” spanning 2024-2026.
- Financial targets for FY2026: 83 billion yen in sales, 15.3 billion yen in operating profit.
- Strategies focus on strengthening production, promoting automation, reinforcing technologies.
- Evolve Photographic Products as profitable cash cow business.
- Re-transform Surveillance & FA Lenses into growth business with 10%+ margin.
- Accelerate automotive and medical business growth.
- Deepen business portfolio optimization across segments.
- FY2024 forecasts continued sales and profit growth of 5.7% and 5.1% respectively.
- Surveillance & FA Lenses and Mobility & Healthcare to see positive momentum.
- Annual dividend to rise significantly from 135 yen in FY2023 to 210 yen in FY2024.
- Launched 6 new camera lens products in FY2023, plan 6 more in FY2024.
- Automotive lens sales rose 30.9% in FY2023 on strong sensor demand.
- Healthcare components sales doubled in FY2023; target further 80% growth in FY2024.
via: Tamron