Tamron Co., Ltd. Announces Consolidated Financial Results for the Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Year Ending December 31, 2018
October 31, 2018 at 02:00 am EDT
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Tamron Co.,Ltd. announced consolidated financial results for the nine months ended September 30, 2018. For the nine months, the company reported net sales of JPY 43,903 million against JPY 42,433 million for the same period a year ago. Operating income was JPY 3,224 million against JPY 2,483 million for the same period a year ago. Ordinary income was JPY 3,609 million against JPY 2,345 million for the same period a year ago. Profit attributable to owners of parent was JPY 2,801 million against JPY 1,683 million for the same period a year ago. Basic earnings per share were JPY 108.46 per share against JPY 64.94 per share for the same period a year ago. Income before income taxes and minority interests was JPY 3,695 million against JPY 2,468 million for the same period a year ago.
For the fiscal year ending December 31, 2018, net sales are expected to be JPY 63,000 million. Operating income is expected to be JPY 5,100 million. Ordinary income is expected to be JPY 5,100 million. Profit attributable to owners of parent is expected to be JPY 3,630 million. Net income per share is expected to be JPY 140.67 per share.
Tamron Co.,Ltd. is a Japan-based company mainly engaged in manufacture and sale of photography-related, lens-related and special equipment-related products. The Company operates through three business segments. The Photography business is engaged in the manufacture and sale of interchangeable lenses for single-lens reflex cameras and interchangeable lenses for mirrorless cameras. The Special Equipment business is engaged in the manufacture and sale of lenses for surveillance cameras, vehicles, factory automation (FA) and machine vision. The Lens business is engaged in the manufacture and sale of video camera lenses, digital camera lenses, drone lenses, and various optical device components.
Tamron Co., Ltd. Announces Consolidated Financial Results for the Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Year Ending December 31, 2018