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Tamron Q1 financial results: “Slump in sales” because of “risks and uncertainty over the policies of the new US administration”

3 mai 2025 à 22:44



Tamron released their Q1 FY2025 financial results - here is the summary:

  • Sales decline in photographic products (Own-brand): Continued slump in sales in the US market, and reactionary decline in China market from high growth in 1Q, 2024.
  • Continuing geopolitical risks and uncertainty over the policies of the new U.S.
    administration have led to a widespread slowdown in overseas economies.
  • The JPY depreciation against USD, but appreciation against EUR.
  • Continuing higher material costs and rising labor costs due to inflation.
  • The market for interchangeable lens cameras and interchangeable lenses grew
    in both quantity and value, driven by steady demand for mirrorless cameras.

Tamron plans to launch six new lenses in 2025 (five more new lenses in addition to the Tamron 18-300mm f/3.5-6.3 Di III-A VC VXD):

  • Before 2023: approximately five new lenses per year
  • Initial medium-term management plan (2024-2026): 6 to 7 new lenses a year
  • New medium-term management plan (2024-2026): 10 new models a year starting from 2026


Tamron's impact of US tariffs:


Here are the details for the Tamron Photographic Products:


Source: Tamron

The post Tamron Q1 financial results: “Slump in sales” because of “risks and uncertainty over the policies of the new US administration” appeared first on Photo Rumors.

Tamron confirmed that they will have a minor impact on the latest tariffs introduced by President Trump because they have already transferred 85% of production outside of China

22 mars 2025 à 00:26


I already reported that Tamron opened a new manufacturing plant in Vietnam to avoid the new China tariffs:

Tamron did not introduce any new lenses at CP+, but they did announce a new manufacturing plant in Vietnam (to avoid China tariffs?)

In a recent Q&A session, Tamron confirmed that they will have a minor impact on the latest tariffs introduced by President Trump because they have already transferred about 85% of production to Vietnam and Aomori outside of China:

Q10. What do you think about the impact of President Trump's tariff policy? If tariffs on China become higher, will there be a big impact?

A10. We will be affected to some extent by the increase in tariffs on China, but in response to the increase in tariffs on China during the previous Trump administration, we have been gradually transferring production of the affected parts from China to Vietnam since then. The company's own brand, as shown in the photo, will be particularly affected, but for our own brand, we will leave some models produced in China and have already transferred about 85% of production to Vietnam and Aomori outside of China, so we believe the impact will be minor. *From the Q&A materials (PDF) for the financial results briefing for the fiscal year ending December 2024 (via dclife)

The post Tamron confirmed that they will have a minor impact on the latest tariffs introduced by President Trump because they have already transferred 85% of production outside of China appeared first on Photo Rumors.

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