Tamron released its Q2 financial results. Here are the details on the Photographic Products Division:

"Own-Brand products: Despite growth in Japan and India, sales declined due to a slow recovery in Europe and the U.S., as well as a reactionary decline in China following its high-growth phase in 1st half of 2024."

Tamron is planning to announce two additional new lenses in 2025:

"Initial medium-term management plan: targeting 6 to 7 new models a year, achieved 7 new models launches in the first year of the plan. New medium-term management plan: aiming to launch 10 new models a year by 2026."

Impact of US tariffs:

"Along with sustained geopolitical risks, U.S. tariff policies are causing greater confusion and heightened uncertainty about the future."

Source: Tamron

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Fujifilm released its Q1 financial results. Here is the recap for the Imaging Business, including a slide on the impact of Trump's tariffs):

• Strong demand for instant photo systems and digital cameras drove revenue by 11.2% year-over-year to JPY145.3 billion and operating income surged by 28.4% year-over-year to JPY41.8 billion.
• In the Consumer Imaging business, consistent demand for Instax instant photo systems contributed to higher revenue.
• In the Professional Imaging business, revenue growth was supported by the strong performance of the X Series and GFX Series cameras.

"In the first three months of the fiscal year ending March 2026, revenue increased by 0.1% year-over-year to JPY749.5 billion. This growth was primarily driven by a strong performance in the Bio CDMO, Semiconductor Materials and Imaging businesses, which offset the negative impact of exchange rates. Operating income rose across all segments, with the Imaging segment making a significant contribution, achieving a 21.1% year-over-year increase to JPY75.3 billion. Net income attributable to FUJIFILM Holdings decreased by 11.5% year-over-year to JPY53.8 billion, mainly due to foreign exchange losses.

The company has maintained its full-year consolidated forecast for the fiscal year ending March 2026, despite accounting for the potential negative impact of the U.S. Tariff Policy, which was not incorporated in the previous forecast. The forecasted revenue is JPY3.28 trillion, with an operating income of JPY331.0 billion, and a net income attributable to FUJIFILM Holdings of JPY262.0 billion, aiming to achieve its record highs. The annual dividend forecast for the fiscal year is JPY70 per share, marking the 16th consecutive annual dividend increase."

Source: FujiFilm

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Canon released its Q2 financial results. The Q&A section includes several questions regarding the US-imposed tariffs, and Canon's position is "we will make up for this by reducing costs and raising prices":

Here are the details for the Canon Imagina Business Unit:

• Imaging Business Unit Performance:
  • Second quarter sales increased by 6.5% year-on-year to ¥260.7 billion.
  • Second quarter income before income taxes decreased by 3.9% year-on-year to ¥40.1 billion due to yen appreciation.
  • First half sales totaled ¥472.8 billion, up 12.5% year-on-year.
  • First half income before income taxes reached ¥72.4 billion, up 27.8% year-on-year.
• Camera Sales:
  • Strong sales of mirrorless cameras, particularly the EOS R5 Mark II (launched in the second half of the previous year).
  • New video-centric models, EOS R50 V and PowerShot V1 (launched in Q2), were well-received by both video and still image users for design, operability, and ease of shooting.
  • EOS R50 V highly valued by video creators; PowerShot V1 popular for high-quality shooting among social media and still image users, leading to higher-than-expected orders.
• Market Outlook and Strategy:
  • Global camera market expected to remain stable at ~6.6 million units, despite anticipated U.S. demand decline due to tariff-related price increases.
  • Sales growth in Q2 driven by EOS R5 Mark II and EOS/PowerShot V series.
  • Plan to increase full-year camera sales by 6% to 3 million units, focusing on strong Asian markets.
  • Leverage EOS R5 Mark II’s success to boost RF lens sales.
  • Expand PowerShot V1 sales and increase production of existing compact camera models to address back orders.
  • Aim for overall camera sales growth of 5.4%.

Expect more price increases on photo gear: the new US tariff on imports from Japan is now 15%

Source: Canon

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