TYO:7740

Nomura Downgrades Tamron to Neutral from Buy; Price Target is 1,450 Yen

Tamron Receives Acquisition Proposal From Sony Group

Tamron (TYO:7740) has received a nonbonding acquisition proposal from Sony Group (TYO:6758), according to a Thursday release.The proposal involves a series of transactions that will make the camera lens maker Sony's wholly owned subsidiary.Tamron has created a special committee to review options relating to the proposal.

Tamron Raises Dividend Forecasts for Fiscal Year 2026; Sets Longer Term Financial Targets

Photographic lenses maker Tamron (TYO:7740) raised its dividend forecast for fiscal year 2026 to 51 yen per share, up from the previous 37 yen, as part of a broader revision to its shareholder return policy.The new shareholder return policy introduces a dividend determination baseline of either a 60% payout ratio or an 8% dividend on equity (DOE), whichever is higher, effective from 2027, according to a Tokyo bourse filing on Tuesday.In a separate disclosure, the company also set targets of 120 billion yen in net sales, 25 billion yen in operating income, and a sustainable return on equity (ROE) of 20% or more by 2029.The company also plans to execute approximately 18 billion yen in additional returns by the end of 2029, targeting a shareholders' equity ratio of around 75%.

Nomura Upgrades Tamron to Buy from Neutral; Price Target is 1,400 Yen