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Tamron, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 6% Decrease

Thu Nov 6, 2025 3:30 pm JST Earnings

7740 Tamron Co.,Ltd. 【J-GAAP】

Earnings Report

Tamron Co.,Ltd. <7740> [TSE Prime] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) decreased 19.2% from the same period last year to 13.4 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 7.6%, from the previous forecast of 19.7 billion yen to 18.2 billion yen (compared to 19.3 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 5.7% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the July to December period (second half) has decreased 14.4%, from the previous forecast of 10.4 billion yen to 8.93 billion yen (compared to 8.35 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 24.9% to 6.9%.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 4.20 billion yen, a 26.6% decrease compared to the same period last year. The operating profit margin decreased from 25.0% in the same period last year to 19.6%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 51,783 10,182 10,515 7,956 47.6 75.3 Nov 2, 2023 J-GAAP
Jan - Sep, 2024 68,456 16,732 16,673 12,228 73.9 86.4 Nov 6, 2024 J-GAAP
Jan - Sep, 2025 63,103 13,386 13,470 10,059 62.2 74.0 Nov 6, 2025 J-GAAP
YoY -7.8% -20.0% -19.2% -17.7% -15.9%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 48,286 10,297 10,430 7,659 47.5 26.25 Aug 7, 2025 J-GAAP
Jul - Dec, 2025 New 45,286 8,797 8,930 6,679 41.4 26.25 Nov 6, 2025 J-GAAP
Revision Rate -6.2% -14.6% -14.4% -12.8% -12.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 90,000 19,500 19,700 14,540 90.2 36.25 Aug 7, 2025 J-GAAP
Dec, 2025 New 87,000 18,000 18,200 13,560 84.1 36.25 Nov 6, 2025 J-GAAP
Revision Rate -3.3% -7.7% -7.6% -6.7% -6.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 43,622 8,362 8,350 6,488 39.3 26.25 Feb 7, 2025 J-GAAP
Jul - Dec, 2025 Guidance 45,286 8,797 8,930 6,679 41.4 26.25 Nov 6, 2025 J-GAAP
YoY +3.8% +5.2% +6.9% +2.9% +5.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 71,426 13,607 13,972 10,812 64.6 21.25 Feb 8, 2024 J-GAAP
Dec, 2024 88,475 19,201 19,304 14,526 87.9 35 Feb 7, 2025 J-GAAP
Dec, 2025 Guidance 87,000 18,000 18,200 13,560 84.1 36.25 Nov 6, 2025 J-GAAP
YoY -1.7% -6.3% -5.7% -6.7% -4.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 23,603 5,893 5,719 4,190 25.3 25.0 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 20,019 2,469 2,631 2,298 13.9 12.3 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 19,451 4,235 4,238 2,841 17.4 21.8 May 2, 2025 J-GAAP
Apr - Jun, 2025 22,263 4,968 5,032 4,040 24.9 22.3 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 21,389 4,183 4,200 3,178 19.7 19.6 Nov 6, 2025 J-GAAP
YoY -9.4% -29.0% -26.6% -24.2% -22.5%

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