Want to see JP:7740 full AI Analyst Report?
Top Page
Tamron Co., Ltd.
(7740)
Select Model
Select Model
Rating:84Outperform
Price Target:
¥1,678.00
▲(47.97% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by strong financial health (high profitability and exceptionally low leverage) and clear technical uptrend (price well above all major moving averages). Valuation is supportive with a reasonable P/E and a ~3.23% dividend yield, while the key risk is the sharp 2025 revenue decline and variability in cash conversion.
Positive Factors
High and Improving Profitability
Sustained high gross and EBIT margins reflect durable product-level profitability and pricing power in optics. Margins near 20%+ support reinvestment in R&D, product development and steady cash generation, making operating profits less sensitive to modest volume swings over the next 2–6 months.
Negative Factors
Sharp 2025 Revenue Decline and Growth Volatility
A large single-year revenue drop highlights exposure to cyclical demand and product cycle timing risks. Such volatility undermines revenue predictability and complicates capacity planning, investment pacing and medium-term organic growth assumptions across the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High and Improving Profitability
Sustained high gross and EBIT margins reflect durable product-level profitability and pricing power in optics. Margins near 20%+ support reinvestment in R&D, product development and steady cash generation, making operating profits less sensitive to modest volume swings over the next 2–6 months.
Read all positive factors
Tamron Co., Ltd. (7740) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥239.64B
Dividend Yield3.22%
Average Volume (3M)427.34K
Price to Earnings (P/E)19.9
Beta (1Y)0.98
Revenue Growth-4.54%
EPS Growth-15.36%
CountryJP
Employees4,977
SectorGeneral
Sector StrengthN/A
IndustryLeisure
Share Statistics
EPS (TTM)72.14
Shares Outstanding170,800,000
10 Day Avg. Volume383,470
30 Day Avg. Volume427,340
Financial Highlights & Ratios
PEG Ratio-0.83
Price to Book (P/B)1.94
Price to Sales (P/S)1.96
P/FCF Ratio15.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)85.89
Revenue Forecast (FY)¥89.98B
Tamron Co., Ltd. Business Overview & Revenue Model
Company Description
Tamron Co.,Ltd. is a Japanese corporation, established in 1948 and headquartered in Saitama, that specializes in the production and sale of high-precision optical goods. The company organizes its operations into three primary divisions. Its Photo-...
How the Company Makes Money
Tamron makes money primarily by selling precision optical products, with revenue largely driven by (1) branded interchangeable camera lenses sold to end users through global distribution channels (retailers, e-commerce, and regional distributors),...
Tamron Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 84.11B | 85.07B | 88.47B | 71.43B | 63.45B | 57.54B |
| Gross Profit | 36.72B | 37.42B | 39.39B | 31.66B | 27.62B | 23.21B |
| EBITDA | 18.83B | 20.05B | 22.29B | 17.00B | 14.49B | 10.43B |
| Net Income | 11.63B | 11.76B | 14.53B | 10.81B | 8.35B | 5.17B |
Balance Sheet | ||||||
| Total Assets | 102.87B | 106.05B | 102.18B | 87.06B | 75.56B | 67.06B |
| Cash, Cash Equivalents and Short-Term Investments | 30.82B | 35.37B | 38.38B | 32.64B | 29.95B | 25.83B |
| Total Debt | 1.21B | 1.04B | 2.33B | 1.91B | 1.99B | 2.04B |
| Total Liabilities | 18.00B | 20.13B | 19.85B | 16.33B | 14.98B | 14.53B |
| Stockholders Equity | 84.86B | 85.91B | 82.33B | 70.73B | 60.57B | 52.54B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 10.73B | 12.79B | 5.37B | 6.15B | 6.68B |
| Operating Cash Flow | 0.00 | 15.10B | 17.64B | 10.03B | 9.23B | 8.66B |
| Investing Cash Flow | 0.00 | -7.34B | -6.73B | -5.14B | -3.87B | -3.78B |
| Financing Cash Flow | 0.00 | -11.13B | -6.02B | -2.78B | -2.04B | -1.25B |
Tamron Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
JP:7740
Tamron Co., Ltd.
1,442.00
535.88
59.14%
JP:7731
Nikon
1,996.00
557.33
38.74%
Tamron Co., Ltd. Corporate Events
Tamron Confirms Non-Binding Sony Buyout Proposal and Launches Special Committee Review
Jul 29, 2026
Tamron Co., Ltd. acknowledged that it has received a non-binding proposal from Sony Corporation for a series of transactions that would make Tamron a wholly owned subsidiary of Sony Group Corporation. In response, the company has formed a Special ...
Tamron Lifts 2026 Dividend Outlook and Ups Shareholder Return Target
Jun 16, 2026
Tamron Co., Ltd. has sharply raised its dividend forecast for the fiscal year ending December 31, 2026, lifting the planned full-year payout from 37 yen to 51 yen per share, with the interim dividend doubling year-on-year. The move reflects strong...
Tamron Doubles Long-term Sales Target and Unveils Aggressive Value Up29 Plan
Jun 16, 2026
Tamron has revised its long-term quantitative targets, doubling its 2035 net sales goal to ¥200 billion, including ¥20 billion from new businesses, and setting a return on equity target of at least 20%. The move aligns with its strategy ...
Tamron Outlines Q1 FY2026 Results and Progress on Medium-Term Plan
May 1, 2026
Tamron Co., Ltd. reported its financial results for the first quarter of fiscal 2026, detailing consolidated performance and operating income drivers across its core business segments. The company highlighted results and trends in photographic pro...
Tamron Holds FY2026 Outlook as Q1 Profit Dips but Balance Sheet Stays Strong
May 1, 2026
Tamron reported first-quarter fiscal 2026 consolidated net sales of ¥18.48 billion, down 5% year on year, with operating income falling 18.7% to ¥3.44 billion and profit attributable to owners of parent slipping 4.5% to ¥2.71 billio...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.