Fujifilm, Sony, and Tamron Show Growth in Photo Segments

It’s a busy time for companies to release financial results, and after Ricoh’s strong results earlier this week, Fujifilm, Sony, and Tamron released positive financial reports.

Starting with Fujifilm, its first-quarter results for this fiscal year show a positive year-over-year change in both revenue and operating income for its imaging division. In total, revenue went up 24.2% to 130.7 billion yen ($887 million), and operating income rose 38.9%, reaching 32.5 billion yen ($220 million).

This includes both consumer and professional imaging. Consumer includes products like Fujifilm Instax, a consistent money-maker for Fujifilm, while professional imaging includes Fujifilm X and GFX series cameras. Consumer imaging generated 74.6 billion yen ($506 million) in revenue in Q1, thanks to increased sales of Instax products. Professional imaging, up 33.8% year over year, rose to 56.1 billion yen ($380 million). While professional imaging still lags behind the Instax-driven consumer segment, the gap has closed a bit.

Shifting gears to Sony, the company’s Q1 results show a year-over-year increase in “still and video camera” revenue of nearly 19%.

Further, Sony’s Imaging and Sensing Solutions segment delivered an operating income increase of 23.9 billion yen compared to Q1 FY2023, a jump in segment profit of about $162 million. Sony cites an increase in sales of image sensors for mobile products and for digital interchangeable lens cameras.

Rounding out this financial report recap is Tamron Co., Ltd. The lens manufacturer’s net sales and operating income showed double-digit or higher increases across all segments, and the company achieved record-high net sales and operating income for the first half of 2024.

Tamron’s net sales increased by 36.9% compared to 2023, gross profit was 36.1% higher, and net income increased by 50.8% year over year.

The company makes more than just the camera lenses PetaPixel focuses on, so looking at the photographic products segment specifically, Tamron’s net sales increased by seven billion yen ($47.5 million). Operating profit for the photo segment was 8.3 billion yen for the first half of this year, up from 6.5 billion yen. $56.3 million in profit for Tamron’s photographic segment is quite impressive. Photographic products account for 30.2% of the company’s overall sales.

Image credits: Featured image created using an asset licensed via Depositphotos.