Slide 1: FY2022 Financial Results
FY2022 Financial Results February 8, 2023 Tamron Co., Ltd. (Code: 7740) Tamron Co., Ltd.
Slide 2: Contents
Contents Ⅰ. Summary of FY2022 and Progress of Ⅲ. FY2023 Financial Forecast medium-term management plan 1. FY2023 Financial Forecast “Vision23” 2. FY2023 Forecast by Segment 1. FY2022 Summary (1) Photographic Products 2. Progress of Medium-term management plan (2) Surveillance & FA Lenses “Vision 23”
Slide 3: Summary of FY2022 and Progress of Medium-Term Management Plan Vision23
Ⅰ． Summary of FY2022 and Progress of medium-term management plan “Vision23” Copyright © Tamron Co., Ltd. All rights reserved. 3
Slide 4: FY2022 Summary
Ⅰ-１. FY2022 Summary Business Environment ・Despite deteriorating conditions surrounding COVID-19 from the beginning of the year, the impact gradually eased in the second half. ⇒However in China, lockdowns and the subsequent continuation of zero-COVID policies had an impact. ・There were prolonged effe
Slide 5: Progress of Vision 23: Consolidated Results
Ⅰ-２. Progress of Medium-Term Management Plan ”Vision 23” (1) Consolidated Results Final year plan Vision23 Medium-Term Aiming for three consecutive years of Management Plan First year progress Second year progress sales and profits, which significantly (Announced February 2021) *Announced in the exc
Slide 6: Progress of Vision 23: Trends by Business
Ⅰ-２. Progress of Medium-Term Management Plan ”Vision 23” (2) Trends by Business ＜Results＞ Vision23 Medium-Term Management Plan ◆Surveillance & FA Lenses sales achieved 10 billions of yen, ◆Expand a size of business of Surveillance & FA Lenses, Mobility & and automotive lenses sales achieved 5 billon
Slide 7: Progress of Vision 23: Investment strategy
Ⅰ-２. Progress of Medium-Term Management Plan ”Vision 23” (3) Investment strategy Establishment of In anticipation of sustainable growth, further strengthen the production system of the entire Group a new factory ・Respond to medium-to long-term business expansion ・Enhance steady supply system includi
Slide 8: FY2022 Financial Results
Ⅱ．FY2022 Financial Results Copyright © Tamron Co., Ltd. All rights reserved. 8
Slide 9: 2022 Full-Year Financial Results
Ⅱ-１. 2022 Full-Year Financial Results Despite favorable foreign exchange effects, sales and income increased by double digits as the effects of customer production adjustments due to the difficulty of procuring electronic components because of semiconductor shortages, and the effects of raising co
Slide 10: Factors Behind Variance in Operating Income
Ⅱ-２. Factors Behind Variance in Operating Income Net sales and operating income increased even without favorable foreign exchange effects (Significant increase in operating income by about 40% YoY) 11,038 Impact of exchange rate on net sales: +6,720 million JPY 3,144 7,384 80 △370 △80 880 Actual I
Slide 11: Results by Segment: Photographic Products
Ⅱ-３. 2022 Full-Year Financial Results by Segment (1) Photographic Products （millions of JPY） Revised Actual Actual Inc/Dec Inc/Dec Forecast FX Impact FY21* FY22 Vs.FY21 FY22（22/11/2） (a) (c) (c)-(a) % (c)-(b) % (b) Net Sales 41,257 45,500 45,519 4,261 10.3% 4,520 19 0.0% Operating 8,530 10,700 11,15
Slide 12: Results by Segment: Surveillance & FA Lenses
Ⅱ-３. 2022 Full-Year Financial Results by Segment (2) Surveillance & FA Lenses （millions of JPY） Revised Actual Actual Inc/Dec Inc/Dec Forecast FX Impact FY21* FY22 Vs.FY21 FY22（22/11/2） (a) (c) (b) (c)-(a) % (c)-(b) % Net Sales 9,326 11,600 11,236 1,910 20.5% 2,070 (363) (3.1)% Operating 477 1,200 1
Slide 13: Results by Segment: Mobility & Healthcare, Others
Ⅱ-３. 2022 Full-Year Financial Results by Segment (3) Mobility & Healthcare, Others （millions of JPY） Revised Actual Actual Inc/Dec Inc/Dec Forecast FX Impact FY21* FY22 Vs.FY21 FY22（22/11/2） (a) (c) (b) (c)-(a) % (c)-(b) % Net Sales 5,940 7,200 6,689 749 12.6% 130 (510) (7.1)% Operating 813 900 1,06
Slide 14: FY2023 Forecast
Ⅲ．FY2023 Forecast Copyright © Tamron Co., Ltd. All rights reserved. 14
Slide 15: FY2023 Financial Forecast
Ⅲ-１. FY2023 Financial Forecast 【Business Environment】 Economic environment: In part due to Chinaʼs abandoning of its zero-COVID policy and the gradual easing of semiconductor shortages, a gradual recovery is expected. However, uncertainties remain high, including the impact of high global inflatio
Slide 16: FY2023 Forecast by Segment: Photographic Products
Ⅲ-２. FY2023 Financial Forecast by Segment (1) Photographic Products （millions of JPY） Actual Forecast Inc/Dec FY22 FY23 (a) (b) (b)-(a) % Net Sales 45,519 47,800 2,280 5.0% Operating Income 11,158 11,600 441 4.0% (% Sales) 24.5％ 24.3％ (0.2)% － While OEM products sales are expected to remain flat,
Slide 17: Photographic Products - New Models
Photographic Products - New Models Launched in Category Launched in 2021 Launched in 2022 2020 Fixed Launched Focal in Jan. 20mm F/2.8 OSD M1:2（F050） Wide- Launched angle in Jun. Zoom 11-20mm F/2.8 RXD（B060） Launched in Jul. Launched in Oct. Launched in Jan. Launched in Oct. Standard For FUJIFILM Zo
Slide 18: FY2023 Forecast by Segment: Surveillance & FA Lenses
Ⅲ-２. FY2023 Financial Forecast by Segment (2) Surveillance & FA Lenses （millions of JPY） Actual Forecast Inc/Dec FY22 FY23 (a) (b) (b)-(a) % Net Sales 11,236 13,000 1,763 15.7% Operating Income 1,399 1,600 200 14.4% (% Sales) 12.5％ 12.3% (0.2)% － Sales of surveillance lenses to developed countries
Slide 19: FY2023 Forecast by Segment: Mobility & Healthcare, Others
Ⅲ-２. FY2023 Financial Forecast by Segment (3) Mobility & Healthcare, Others （millions of JPY） Actual Forecast Inc/Dec FY22 FY23 (a) (b) (b)-(a) % Net Sales 6,689 9,200 2,510 37.5% Operating Income 1,061 1,100 38 3.6% (% Sales) 15.9％ 12.0% (3.9)% － Sales will increase by around 40%, driven by an in
Slide 20: Sustainability and ESG Initiatives
Ⅳ．Sustainability and ESG Initiatives Copyright © Tamron Co., Ltd. All rights reserved. 20
Slide 21: Value Creation Process
Ⅳ-１. Value Creation Process 70.0 11.5 16.4％ 13.2％ Copyright © Tamron Co., Ltd. All rights reserved. 21
Slide 22: Main initiatives and results
Ⅳ-２. Main initiatives and results Main initiatives Results Reducing CO2 emissions 2022 Target: 6% reduction (compared with FY2015 levels) →2022 Result: 15% reduction E Energy-Saving Initiatives Start to purchase renewable energy TCFD Initiatives Indicated support for the TCFD recommendations and mad
Slide 23: Expanding the scope of business
Expanding the scope of business Deep cultivation ofexisting technology field Entry into peripheraltechnology field Copyright © Tamron Co., Ltd. All rights reserved. 23
Slide 24: Fundus camera and star tracker optical technology
Hyper-wide-angle fundus camera allowing wide Optical technology for star trackers field fundus photography －Joint development with Nara Institute of Science and Technology－ －Design technology for straylight shield and radiation resistance－ ＜Technical features＞ ・Tamronʼs prototype lens with compact a
Slide 25: Reference Data
Ⅴ．Reference Data Copyright © Tamron Co., Ltd. All rights reserved. 25
Slide 26: Financial Summary
Ⅴ-１. Financial Summary （millions of JPY） Dec 31, Dec 31, Change Inventories 2021 2022 (b)-(a) Inventories Turnover （Month） (a) (b) 15,000 3.0 2.5 Cash & Deposits 25,797 29,948 4,150 2.3 2.5 12,000 1.9 2.0 Notes & Accounts 9,000 Receivable 10,505 11,128 623 1.5 6,000 12,998 11,233 1.0 Inventories 11,
Slide 27: Capital Investment, Depreciation, & R&D Expenses
Ⅴ-２. Capital Investment, Depreciation, &Research & Development Expenses Capital Investment & Depreciation Research & Development Expenses （ millions of JPY ） (Ratio of R&D Expenses （ millions of JPY ） Capital Investment /Net Sales) 6,000 Depreciation 6,000 12% Excluding the new 9.7% 5,000 factory in
Slide 28: Cash Flow Situation
Ⅴ-３. Cash Flow Situation （ millions of JPY ） Operating CF FY21 FY22 Investing CF 12,000 Free CF 8,660 9,232 Financing CF 8,000 4,879 5,367 4,000 0 (1,250) (4,000) (2,044) (3,780) (3,865) FY21 FY22 Cash Flow from Operating Activities 8,660 9,232 Cash Flow from Investing Activities (3,780) (3,865) Fre
Slide 29: Cash Dividends Outlook & Key Performance Indicators
Ⅴ-４. Cash Dividends Outlook ＆ Key Performance Indicators （JPY） Cash Dividends （JPY） Key Performance Indicators EPS Year-End Dividend ROE 150 56.3% Interm Dividend 60% 500 20% ROA Dividend Payout Ratio 16.1% 400 14.5% 15% 100 40% 12.0% 14.8% 32.8% 33.0% 300 11.0% 30.0% 30.0% 13.2% 10% 90 90 10.1% 10.
Slide 30: Impact of Foreign Exchange Rate Fluctuations
Ⅴ-５. Impact of Foreign Exchange Rate Fluctuations FY2022 （JPY） （million of JPY） Exchange Rate Impact Actual Actual Operating Net Sales FY21 FY22 Income USD 109.91 131.63 5,110 (270) EUR 129.95 138.19 450 380 Others - - 1,160 770 Total - - 6,720 880 （Impact on FY2021 Actual performance） Forecast FY20
Slide 31: Disclaimer
Disclaimer 1. The purpose of this material is to provide information on the actual results for FY2022 and future business strategies. It is not an offer or a solicitation of an offer to buy or sell securities. 2. This material and the information provided verbally in the companyʼs presentation are b