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Tamron, 4% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Dividend Effectively Increased

Fri Feb 7, 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 February 7th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 expanded 38.2% from the previous period to 19.3 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 3.6% to 20 billion yen, marking the fourth consecutive term of record-high profits. This will be the fifth consecutive term of revenue and profit growth.

At the same time, the annual dividend for this fiscal year is 66.25 yen, taking into account the forward stock split scheduled to be allocated on June 30, this dividend represents an actual increase of 3.6%.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit decreased to 2.63 billion yen, a 23.9% decrease compared to the same period last year. The operating profit margin decreased from 17.4% in the same period last year to 12.3%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 63,445 11,038 11,496 8,350 50.0 15 Feb 8, 2023 J-GAAP
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
YoY +23.9% +41.1% +38.2% +34.4% +36.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 89,000 19,600 19,500 14,430 87.5 35 Dec 17, 2024 J-GAAP
Dec, 2024 Results 88,475 19,201 19,304 14,526 87.9 35 Feb 7, 2025 J-GAAP
Revision Rate -0.6% -2.0% -1.0% +0.7% +0.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 44,853 10,839 10,954 8,038 48.5 8.75 Aug 8, 2024 J-GAAP
Jan - Jun, 2025 Guidance 41,200 8,400 8,400 6,220 38.7 10 Feb 7, 2025 J-GAAP
YoY -8.1% -22.5% -23.3% -22.6% -20.3%

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 92,000 20,000 20,000 14,800 91.8 36.25 Feb 7, 2025 J-GAAP
YoY +4.0% +4.2% +3.6% +1.9% +4.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 19,643 3,425 3,457 2,856 17.1 17.4 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 19,819 4,547 4,598 3,344 20.1 22.9 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 25,034 6,292 6,356 4,694 28.3 25.1 Aug 8, 2024 J-GAAP
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
YoY +1.9% -27.9% -23.9% -19.5% -18.6%

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