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Despite record margins Tamron still is in best shape among manufacturers
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    • Although the digital camera markets decreased, sales in all segments were increased from the previous year.
    • The operating income showed sharp increase due to the highest gross profit margin ever and lower SGA expenses.
    • The sales increased for 2 years in a row and the profits achieved two-digit increase from the previous year.
    • The total annual dividends will be 60 JPY per share, the highest ordinary dividends in Tamron history due to the profitability improvement.

    https://www.tamron.com/assets/pdf/ir/library/briefing_materials/2019/0212.pdf

    Sigma also in good shape, Panasonic will be in worse among them all (considering lenses).

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