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Tamron recently set up a second factory in Vietnam. Photo: Tamon |
Quarterly financial results for brands are exiting, and so far a common theme has the effect of American tariff on production and pricing. Last week, Canon publicly discussed Due to this tariff, prices will have to increase only in the US. Now, Tamon has released its Q1 financial results, with release To expand the change in production in response to tariffs.
While the contents of the tamon for their Q1 financial results do not share much as the canon, they provide some insight on what the brands are in response to the US tariff to be implemented in early April. In the materials, Tamran stated that he is “looking at the global triple (Japan, China, Vietnam) to strengthen the production system.” As that part, the company started its production New factory in Vietnam In February, the reasons for the construction of the second factory in the country as “cited geo -political risks with” increasing tariffs on sugar imports “as the reasons for the construction of the country.
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Production at its second Vietnam factory began in February this year. Photo: Tamon |
According to Tamon’s Financial, it currently produces about 25% of its products in Vietnam, 65% in China and 10% in Japan. However, it aims to adjust by 2028, increasing the amount produced in Vietnam by 45% to reduce the amount produced in China by 45%. Additionally, Temron says that it will reduce the purchase of its parts from China by 20% this year, 10% below the current amount.
Tamon specifically did not specify a plan to transfer production for the category of its photographic products. However, about 15% of that section is produced in China, with about 60% coming from Vietnam and 25% from Japan. This can be good news for American consumers, as most of its lenses come from countries with low tariffs for American imports compared to China. However, it is not clear how many parts come from China for those lenses.
Tamon feels that further cost reduction can help absorb the effect of tariff
Even with uncertainty around the tariff, Tamaron has not changed its initial forecast for the year in the light of its progress in Q1, saying that it is more than its plan. This is despite a recession in sales in the US market, despite “a reactionary decline in the Chinese market”, as it states that “cost reduction and productivity improvement” has resulted in an increase in gross profit. Temron believes that further cost reduction can help absorb the effect of tariff, but said that the condition of the tariff is liquid and it will “consider possible measures to reduce the effect.” It was not specified that some of those measures could mean an increase in prices in the US.
“From the second quarter, uncertainty and economic recession, due to the expansion of American tariffs due to uncertainty and economic recession, it is expected to move forward due to the extending trade friction and strengthening the USD and strengthening JPY due to continuous weakening of USD and strengthening JPY,” Tamron said. The status of American tariff remains constantly developing, so only time will tell what the real effect will be.
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The company has already announced a lens earlier this year. 18-300 mm F3.5-6.3 DIII-A VC VXD Lens to RF Mount and Z Mount-and say five more are coming. Picture: Tamon |
The presentation of financial results also included some more exciting news: Tamon planned to release six new models in 2025, from the company’s specific five lens per year. This includes Already announced Tamron 18-300mm F/3.5-6.3 DI III-A VC VXD, which is the seventh model of Tamone Nikon jade-mount And second model for Canon RF MountEven better, it says that it will have 10 new models per year (including variants for various mounts) starting in 2026.
