Tamron falls sharply for third consecutive day as photography-related OEM products drag Q1 operating profit down 19%

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Thu May 7, 2026 9:46 am JST Catalyst

Tamron Co., Ltd. <7740> tumbled for a third straight session. The company’s first-quarter consolidated results for the January-March period, released after the close on May 1, showed revenue of 18.48 billion yen (down 5.0% year-on-year), operating profit of 3.44 billion yen (down 18.7%), and net profit of 2.71 billion yen (down 4.5%), with the top-and-bottom-line decline weighing on investor sentiment.

The downturn was driven by photography-related OEM products, which saw revenue plunge about 40% due to persistent weakness in certain build-to-order models since the second half of last year. However, Tamron’s own-brand products posted a slight revenue gain, while surveillance & FA, mobility & healthcare, and other segments achieved double-digit growth on robust demand, cushioning the overall earnings drop.

Tamron kept its full-year guidance for the fiscal year ending December 2026, projecting revenue of 91 billion yen (up 7.0% year-on-year), operating profit of 18.5 billion yen (up 11.2%), and net profit of 13.69 billion yen (up 16.4%).

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.