Tamron Posts Strong 1st Quarter 2024 Financial Results, Revises Forecast Upward by Double Digits

Tamron as shared the 1st Quarter 2024 Financial Results.

"In the interchangeable lens camera market, although DSLR cameras were weak, mirrorless cameras performed well, resulting in an overall double-digit increase on a volume and value basis."

"Interchangeable lenses market showed double-digit growth on both volume and value basis, reflecting the strong performance of the camera market."

"Sales of Own-Brand products increased by double digits, even excluding favorable foreign exchange effects, due to the impact of the launch of a new models last year and continued strong performance in the domestic and Chinese markets."

"Sales of OEM products more than doubled due to strong performance from the second half of the previous fiscal year."

Tamron now plans to introduce 7 new lens models in 2024, up from 6 in the original plan, and up from 5 in 2022 and 2023.