Interim report
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2nd Quarter FY2026 Consolidated Financial Results TAMRON August 7 , 2026 ( Amounts are rounded down to the nearest million yen ) 1. Consolidated Results for 2nd quarter FY2026 ( January 1 , 2026 through June 30 , 2026 ) ( 1 ) Consolidated financial results ( % of change from previous 2nd quarter ) Profit attributable to owners Net Sales Operating income Ordinary income of parent Q2 FY2026 Million yen 43,281 % Million yen % Million yen % Million yen % 3.8 7,689 ( 16.5 ) 7,741 ( 16.5 ) 6,197 ( 9.9 ) Q2 FY2025 41,714 ( 7.0 ) 9,203 ( 15.1 ) 9,270 ( 15.4 ) 6,881 ( 14.4 ) ( Note ) Comprehensive income : Q2 FY2026 : 7,641 million yen ( up 63.3 % ) Q2 FY2025 : 4,680 million yen ( down 60.8 % ) Quarterly net income per share -Basic Quarterly net income per share -Diluted Yen Yen Q2 FY2026 Q2 FY2025 38.42 42.48 ( Note ) The Company conducted a 4 - for - 1 stock split of shares of common stock , with an effective date of July 1 , 2025. Quarterly net income per share is calculated on the assumption that the stock split was conducted at the beginning of the fiscal year ending December 31 , 2025 . ( 2 ) Consolidated financial position Q2 FY2026 FY2025 Total assets Total net assets Ratio of net assets Million yen 109,240 106,046 Million yen 89,398 85,911 % 81.8 81.0 2Q FY2026 : 89,398 million yen / FY2025 : 85,911 million yen ( Reference ) Shareholders ' equity : 2. Cash dividends Cash dividends per share End of 1st quarter End of 2nd quarter End of 3rd quarter Yen Yen Yen FY2025 40.00 FY2026 20.00 FY2026 ( forecast ) ( Note ) 1 . Revision of cash dividend forecast for this period : None 2 . Year - end Yen 26.25 Annual Yen 31.00 51.00 The Company conducted a 4 - for - 1 stock split of shares of common stock , with an effective date of July 1 , 2025. The interim dividend is the amount before the stock splits and the year - end dividend is the amount after the stock split . Assuming the stock split was conducted at the beginning of the fiscal year ending December 31 , 2025 , the interim dividend would be 10 yen , and the annual dividend would be 36.25 yen . 3. Forecast of consolidated results for FY2026 ( January 1 , 2026 through December 31 , 2026 ) FY2025 ( Note ) 1 . Profit attributable Net Sales Operating income Ordinary income Million yen % Million yen % Million yen % to owners of parent Million yen ( % of change from FY2024 ) Net income per share % Yen 93,000 9.3 18,500 11.2 18,500 10.8 13,690 16.4 84.91 Revision of forecast for this period : Yes 1 -
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- 2 - Consolidated financial statements (1) Consolidated balance sheets (Amount: Million yen ) FY2025 (As of December 31, 2025) 2nd quarter FY2026 (As of June 30, 2026) Assets Current assets Cash and deposits 35,371 34,633 Notes and accounts receivable - trade 14,405 15,388 Electronically recorded monetary claims - operating 2,684 2,958 Finished goods 9,363 9,452 Work in process 5,120 5,457 Raw materials and supplies 2,284 2,815 Other 1,519 2,011 Allowance for doubtful accounts (56) (18) Total current assets 70,693 72,699 Non-current assets Property, plant and equipment Buildings and structures 19,422 19,984 Accumulated depreciation (11,426) (12,085) Buildings and structures, net 7,996 7,899 Machinery, equipment and vehicles 27,228 28,764 Accumulated depreciation (21,190) (22,417) Machinery, equipment and vehicles, net 6,038 6,347 Tools, furniture and fixtures 23,214 24,339 Accumulated depreciation (20,464) (21,257) Tools, furniture and fixtures, net 2,749 3,082 Land 1,368 1,377 Other 2,182 2,071 Total property, plant and equipment 20,335 20,777 Intangible assets 1,402 1,467 Investments and other assets Investment securities 8,997 9,211 Deferred tax assets 545 568 Retirement benefit asset 337 296 Other 3,738 4,224 Allowance for doubtful accounts (3) (3) Total investments and other assets 13,615 14,296 Total non-current assets 35,353 36,541 Total assets 106,046 109,240
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- 3 - (Amount: Million yen ) FY2025 (As of December 31, 2025) 2nd quarter FY2026 (As of June 30, 2026) Liabilities Current liabilities Accounts payable - trade 4,703 5,424 Short-term borrowings 798 862 Accrued expenses 3,990 3,813 Income taxes payable 1,606 1,671 Other 4,400 3,720 Total current liabilities 15,499 15,491 Non-current liabilities Long-term borrowings 247 288 Deferred tax liabilities 2,723 2,393 Provision for share awards 301 265 Retirement benefit liability 445 450 Other 916 953 Total non-current liabilities 4,634 4,350 Total liabilities 20,134 19,842 Net assets Shareholders' equity Share capital 6,923 6,923 Capital surplus 7,432 7,432 Retained earnings 62,467 64,385 Treasury shares (4,044) (3,920) Total shareholders' equity 72,778 74,820 Accumulated other comprehensive income Valuation difference on available-for-sale securities 3,061 3,065 Foreign currency translation adjustment 9,641 11,141 Remeasurements of defined benefit plans 430 370 Total accumulated other comprehensive income 13,133 14,577 Total net assets 85,911 89,398 Total liabilities and net assets 106,046 109,240
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- 4 - (2) Consolidated Statements of income (Amount: Million yen ) 2nd quarter FY2025 (January 1, 2025 through June 30, 2025) 2nd quarter FY2026 (January 1, 202 6 through June 30, 2026) Net sales 41,714 43,281 Cost of sales 22,797 25,150 Gross profit 18,917 18,130 Selling, general and administrative expenses 9,714 10,441 Operating profit 9,203 7,689 Non-operating income Interest income 58 173 Dividend income 129 200 Rental income 9 10 Subsidy income 14 23 Other 130 215 Total non-operating income 342 622 Non-operating expenses Interest expenses 29 22 Foreign exchange losses 129 421 Loss on retirement of non-current assets 26 42 Other 89 82 Total non-operating expenses 275 569 Ordinary profit 9,270 7,741 Extraordinary losses Loss on sale of investment securities 414 － Total extraordinary losses 414 － Profit before income taxes 8,855 7,741 Income taxes 1,974 1,544 Profit 6,881 6,197 Profit attributable to owners of parent 6,881 6,197
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- 5 - Consolidated Statements of Comprehensive Income (Amount: Million yen ) 2nd quarter FY2025 (January 1, 2025 through June 30, 2025 2nd quarter FY2026 (January 1, 2026 through June 30, 2026 ) Profit 6,881 6,197 Other comprehensive income Valuation difference on available-for-sale securities (67) 4 Foreign currency translation adjustment (2,081) 1,500 Remeasurements of defined benefit plans, net of tax (52) (60) Total other comprehensive income (2,201) 1,444 Comprehensive income 4,680 7,641 Comprehensive income attributable to Comprehensive income attributable to owners of parent 4,680 7,641
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- 6 - (3) Consolidated statements of cash flows (Amount: Million yen) 2nd quarter FY2025 (January 1, 2025 through June 30, 2025) 2nd quarter FY2026 (January 1, 2026 through June 30, 2026) Cash flows from operating activities Profit before income taxes 8,855 7,741 Depreciation 1,562 1,847 Increase (decrease) in provision for share awards (38) (36) Increase (decrease) in retirement benefit liability (26) (44) Interest and dividend income (188) (373) Interest expenses 29 22 Loss on retirement of property, plant and equipment 26 42 Subsidy income (14) (23) Decrease (increase) in trade receivables (1,196) (809) Decrease (increase) in inventories 217 (404) Increase (decrease) in trade payables 529 198 Loss (gain) on sale of investment securities 414 － Other, net 57 (820) Subtotal 10,227 7,341 Interest and dividends received 187 373 Interest paid (28) (22) Subsidies received 14 23 Income taxes paid (2,784) (1,829) Income taxes refund 26 1 Net cash provided by (used in) operating activities 7,644 5,888 Cash flows from investing activities Purchase of property, plant and equipment (2,388) (1,961) Purchase of intangible assets (195) (155) Purchase of investment securities (558) (593) Proceeds from sale of investment securities 603 － Payments into long time deposits (500) (500) Other, net (85) 9 Net cash provided by (used in) investing activities (3,124) (3,201) Cash flows from financing activities Net increase (decrease) in short-term borrowings (566) 29 Proceeds from long-term borrowings － 160 Repayments of long-term borrowings (28) (16) Purchase of treasury shares (3,980) (0) Dividends paid (4,376) (4,273) Other, net (37) (41) Net cash provided by (used in) financing activities (8,989) (4,140) Effect of exchange rate change on cash and cash equivalents (758) 715 Net increase (decrease) in cash and cash equivalents (5,228) (738) Cash and cash equivalents at beginning of period 38,384 35,371 Cash and cash equivalents at end of period 33,155 34,633
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- 7 - (Segment Information) 2nd quarter FY2025 (January 1, 2025 through June 30, 2025) (Amount: Million yen) Reporting segment Photographic Products Surveillance & FA Lenses Mobility & Healthcare Products, Others Total Adjustment (Note 2) Consolidated Net sales: Japan 4,035 468 3,210 7,714 － 7,714 North America 2,687 395 800 3,882 － 3,882 Europe 4,224 1,349 412 5,987 － 5,987 Asia 18,148 3,725 1,332 23,205 － 23,205 Other 886 38 － 925 － 925 Income from contracts with customer s 29,982 5,976 5,755 41,714 － 41,714 Other income － － － － － － Revenues from external customer s 29,982 5,976 5,755 41,714 － 41,714 Transactions with other segments － － － － － － Total 29,982 5,976 5,755 41,714 － 41,714 Segment profit 8,403 929 1,342 10,674 (1,471) 9,203 (Note) 1. Segment profit is adjusted to operating profit of consolidated statements of income. 2. Adjustment of segment profit totaled (1,471) million yen is due to unallocated operating expenses consisted principally of expenses related to general affairs, accounting and other departments of the Company. 2nd quarter FY2026 (January 1, 2026 through June 30, 2026) (Amount: Million yen) Reporting segment Photographic Products Surveillance & FA Lenses Mobility & Healthcare Products, Others Total Adjustment (Note 2) Consolidated Net sales: Japan 5,243 699 3,980 9,924 － 9,924 North America 4,398 855 1,029 6,282 － 6,282 Europe 3,948 1,914 881 6,744 － 6,744 Asia 13,141 4,192 2,143 19,477 － 19,477 Other 801 50 － 851 － 851 Income from contracts with customers 27,534 7,711 8,035 43,281 － 43,281 Other income － － － － － － Revenues from external customer s 27,534 7,711 8,035 43,281 － 43,281 Transactions with other segments － － － － － － Total 27,534 7,711 8,035 43,281 － 43,281 Segment profit 5,943 1,026 1,987 8,957 (1,268) 7,689 (Note) 1. Segment profit is adjusted to operating profit of consolidated statements of income. 2. Adjustment of segment profit totaled (1,268) million yen is due to unallocated operating expenses consisted principally of expenses related to general affairs, accounting and other departments of the Company.