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Tamron Posts 4.7X Net Profit for THE Fiscal 2010

March 1, 2011 by spwordpress

Tamron sources revealed that the company posted a net profit of 3.689 billion yen (US$44.98 million) for fiscal 2010 ended December’10, which is a pickup in all the three business sectors.

Its operating and ordinary profits were 5.45 billion yen (US$66.4 million) and 5.47 billion yen (US$66.7 million), up 138 percent and 142 percent year-on-year respectively, on total sales of 56.6 billion yen (US$690 million), up 13.5 percent year-on-year.

The photographic lens business unit posted an operating profit of 4.49 billion yen (US$54.7 million), up 28.6 percent year-on-year, on sales of 34.1 billion yen (US$415.8 million). The operating profit accounted for 82 percent of the total operating profit of the company, and the total sales of the business unit made a new record. Operating profit of the lens business unit handling digital camera lens units for its OEM customers jumped to 2.597 billion yen (US$31.6 million) from 37 million yen (US$451,220), on total sales of 13.9 billion yen (US$169.5 million), up 7.9%.

For the current fiscal year through December 2011, Tamron forecasts operating, ordinary and net profits of 5.6 billion yen (US$68.3 million), up 2.6 percent, 5.5 billion yen (US$67 million), up 0.4 percent and 3.8 billion yen (US$46.3 million), up 3 percent, respectively, on the total sales of 61 billion yen (US$743.9 million). 

 

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