Tamron (7740) Investor presentation summary

Revision of quantitative targets and long-term vision

• Aims to transform from a lens manufacturer to a comprehensive optical and sensing solutions company by 2035, focusing on "Capture, Measure, Connect" technologies for people and nature.

• New targets for 2029: maintain ROE of 20%+, net sales of ¥200B+, and new businesses contributing ¥20B+.

• Emphasizes deepening business portfolio optimization, nurturing new businesses, and strengthening shareholder returns.

Major targets under the next medium-term management plan

• Targets ROE of 20%+ by 2029, net sales of ¥120B+, and operating income of ¥25B+.

• Shareholder return policy: payout ratio of 60% or DOE of 8%+, with additional returns of approx. ¥18B.

• Aims for a shareholders' equity ratio of around 75% by 2029.

Roadmap for achieving ROE target

• Plans to strengthen earning power through profitable growth and business transformation, especially in industrial markets.

• Strategic allocation of resources and optimized capital structure to sustain ROE of 20%+.

• Dividend upgrade and additional returns to align with equity ratio targets.