Forecasts

Forecasts (FY2020)

(million of yen)

2019/12
Actual

2020/12
Forecasts

Increase/ Decrease

Increase/ Decrease

Net Sales

63,285

50,000

-13,285

-21.0

Operating Income

6,982

2,800

-4,182

-59.9

Ordinary Income

7,403

3,100

-4,303

-58.1

Net Income

5,330

2,220

-3,110

-58.4


On April 28, 2020, Tamron announced that the consolidated results forecast for the fiscal year under review would remain undecided because it was difficult to reasonably assess the impact of the global spread of COVID-19 on the Group’s results forecast, considering the unstable social conditions and disruptions in economic activity caused by the disease. Although the future outlook remains highly uncertain, the calculation was made based on the results of the first half of the fiscal year and other information currently available.

While remaining vigilant regarding the spread of the infection, Tamron believes that the market environment will undergo a gradual recovery as economic activity is expected resume to a certain extent in the second half of the fiscal year. Accordingly, it has formulated the forecast based on the premise that it will take time for the market to stage a full-fledged recovery.
*The results forecast is prepared based on information available at the time of relevant announcements and actual results may differ due to a range of factors.