Tamron Co.,Ltd. Announces Consolidated Financial Results for the Six Months Ended June 30, 2018; Provides Financial Guidance for the Fiscal Year Ending December 31, 2018
August 06, 2018 at 02:00 am EDT
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Tamron Co.,Ltd. announced consolidated financial results for the six months ended June 30, 2018. For the six months, the company reported net sales of JPY 28,572 million against JPY 26,912 million for the same period a year ago. Operating income was JPY 1,959 million against JPY 1,177 million for the same period a year ago. Ordinary income was JPY 2,090 million against JPY 1,143 million for the same period a year ago. Income before income taxes was JPY 2,176 million against JPY 1,265 million for the same period a year ago. Profit attributable to owners of parent was JPY 1,585 million against JPY 912 million for the same period a year ago. Basic earnings per share were JPY 61.26 per share against JPY 35.19 per share for the same period a year ago. Net cash provided by operating activities was JPY 4,558 million against JPY 4,250 million for the same period a year ago. Purchase of property, plant and equipment was JPY 586 million against JPY 1,466 million for the same period a year ago. Purchase of intangible assets was JPY 70 million against JPY 88 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 Six Months Ended June 30, 2018; Provides Financial Guidance for the Fiscal Year Ending December 31, 2018