Fujifilm released its financial results for the 2025 fiscal year, made a statement about tariffs, and registered two new cameras in Asia:

Fujifilm imaging business:

• Strong sales in instant photo systems and digital cameras drove revenue up by 14.1% year-over-year to JPY115.3 billion and operating income surged 1.9 times from the previous year to JPY24.2 billion.
• In the Consumer Imaging business, steady demand for instax instant photo systems contributed to the increase in revenue.
• In the Professional Imaging business, sales of digital cameras grew in China and Europe. The continued strong performance of last year’s digital cameras releases, including the X100VI, GFX100S II, X-T50 and X-M5 further bolstered overall sales.

Statement about tariffs:

"The impact of U.S. tariff policies is not factored into the full-year performance forecast stated above. However, as part of our risk assessment, the Company has assumed potential impacts stemming from a 10% general tariff as well as reciprocal tariff increases between the U.S. and China. The potential impact on the projected full-year operating income of ¥331.0 billion is estimated to be a negative USD 140 million as a baseline, with a fluctuation range of USD ±100 million, taking into account such measures as reevaluating our supply chain, further reducing costs, and restructuring our product and pricing strategie to minimize the impacts. Potential impacts from future tariff negotiations between the U.S. and other countries, as well as reduced product demand resulting from reciprocal tariff applications, are not included in this estimate due to the difficulty of making a reasonable assessment at this time. We will continue to pay close attention to these dynamics and take swift and necessary measures to minimize any impact on our performance."

Additional informtion:

Fujifilm Announces Financial Results for the Fiscal Year Ended March 31, 2025 + Statement About Tariffs

Fujifilm also registered two new cameras in Asia:

 
Unreleased Fujifilm camera models:

• FF240003 / X-Half / CMIIT unregistered / wireless design similar to the X-M5
• FF250001 / Multi-band wireless
• FF250003 / Single-band wireless

The following are recently confirmed Fujifilm camera models:

• FF210002 / X-H2S / 2021-11-09 registered
• FF210003 / X-H2 / 2022-06-20
• FF220001 / X-T5 / 2022-08-24
• FF230001 / GFX100 II / 2023-1-13 registered
• FF220002 / X-S20 / 2023-2-3 registered
• FF230002 / GFX100S II / 2023-6-19 registered
• FF230003 / X100 VI / 2023-11-24 registered
• FF240001 / X-T50 / 2023-12-08 registered
• FF240002 / X-M5 / 2023-6-28 registered
• FF240004 / GFX100RF / 2024-12-04 registered

The post Fujifilm released financial results for the 2025 fiscal year, a statement on tariffs, and registered two new cameras: appeared first on Photo Rumors.

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.

Canon released their Q1/2025 financial report:

Canon Imaging Business Unit financial results recap:

In the Imaging Business Unit, sales of interchangeable-lens digital cameras increased substantially thanks to the healthy inventory levels and continued to experience strong sales of the EOS R5 Mark II, which was launched in the second half of the previous year. Sales of network cameras also increased as the market grew steadily. As a result, sales for the first quarter of the Imaging Business Unit increased by 20.8% compared with the same period of the previous year to ¥212.1 billion, while income before income taxes for the first quarter increased by 116.8% compared with the same period of the previous year to ¥32.3 billion.

Canon also released a separate Q&A document regarding the upcoming/proposed tariffs and confirmed the previously rumored price increase:

Q: If you look at the impact of U.S. tariffs by segment, what is the order of magnitude?

A: The order of magnitude of tariff impact by segment is proportional to the sales volume in the United States. A rough breakdown of sales shows that Printing accounts for about 60%, Medical for about 10%, and Imaging for about 25%.

Q: Please talk about the status of the price increase. If additional tariffs are passed on to product prices, how much of a price increase will we see in the end market?

A: We have notified major dealers that we will raise prices and are in the process of estimating the timing and amount of the increase. Since tariffs are borne against the cost of goods, the higher the cost ratio is, the higher the price rate increases. We will conduct a detailed analysis, including the cost of each product and where it is produced, and will determine the rate of price increase for each product.

Here is the recap of the Canon Q1/2025 financial report:

• Market Performance: The Imaging Business Unit, which includes cameras and lenses, accounted for approximately 25% of Canon's U.S. sales, making it a significant segment affected by U.S. tariffs.
• Price Increases: The unit is implementing price increases due to rising production costs, inflation, supply chain challenges, and additional tariffs, with the exact rate varying by product based on cost ratios and production location.
• Tariff Impact: Canon expects a competitive advantage in the camera market due to its higher production in Japan compared to competitors who rely more on China, where tariffs are higher (e.g., 145% on Chinese exports).
• Sales Volume Strategy: Despite potential sales volume declines due to price increases, Canon believes it can redirect backordered products like cameras to other regions if U.S. shipments are impacted, minimizing overall sales loss.
• Inventory Management: The U.S. sales subsidiary holds 1-2 months of inventory, which was factored into tariff cost projections, with the main tariff impact expected in the latter half of 2025 as inventory depletes.
• Competitive Landscape: Canon faces intense competition from Sony and Nikon in the mirrorless market but aims to maintain its edge through strengths in autofocus technology and its lens ecosystem.

Breaking: Canon to increase prices in the US as a result of the new Trump tariffs

Source: Canon

The post Canon released their Q1/2025 financial report: price increase confirmed appeared first on Photo Rumors.