Tamron (7740) Q2 2024 earnings summary

Executive summary

• Net sales rose 36.9% year-over-year to ¥44,853 million for 2Q FY2024, with operating income up 67.3% to ¥10,839 million and net income up 50.8% to ¥8,038 million.

• Comprehensive income increased 63.6% year-over-year to ¥11,926 million for the quarter.

Financial highlights

• Gross profit increased from ¥14,845 million to ¥20,205 million year-over-year, with gross margin improving.

• Operating cash flow rose to ¥9,657 million from ¥5,939 million year-over-year; cash and deposits at period end were ¥36,078 million.

• Total assets increased to ¥97,434 million from ¥87,062 million at FY2023 year-end.

• Net assets grew to ¥77,805 million, with shareholders' equity at ¥77,805 million.

Outlook and guidance

• FY2024 net sales forecast revised to ¥87,500 million, up 22.5% from FY2023; operating income forecast at ¥19,100 million, up 40.4%.

• Net income per share forecast at ¥342.02 after stock split; annual dividend forecast revised to ¥170.00 per share post-split.