Uncertainty in Market Conditions and the Supply Chain Due to U.S. Tariff Policy
First written in FY2025. 2 of 3 entries say "Materialised", first in FY2026-H1. Latest entry: FY2026.
Awa Paper & Technological Company moved to the "Worse" side of this theme in 2025, 1 year before the typical company in this theme (2026).
The whole theme swung hardest in 2026: 13 of 20 companies on the "Worse" side.
9 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「During the consolidated fiscal year, private consumption in the United States remained firm, but uncertainty surrounding trade policy, including tariff policy, was a concern.」
The risk associated with U.S. tariff policy has moved from concern about possible implementation to a stage in which uncertainty surrounding trade policy is being reflected in actual economic conditions. - FY2026-H1MaterialisedAnnual report
「Regarding the global economy during the interim consolidated accounting period, there were concerns about the impact of U.S. tariff policy on the global economy, but conditions were beginning to settle as a degree of consensus developed among major countries. However, as it will take time to assess the impact of tariff increases, uncertainty about the outlook continues.」
U.S. tariff policy has moved from the possibility of implementation to a stage of assessing the impact of tariff increases, and its impact on the global economy and the resulting uncertainty have been described as actual external conditions. Some stabilization has also emerged as consensus develops among major countries. - FY2025First statedAnnual report
「In particular, if the U.S. government's reciprocal tariff policy is implemented, the impact is expected to be significant, and we are concerned that it will have a major impact on the supply chain.」
The company has for the first time described the significant impact on market conditions and the supply chain if the U.S. government's reciprocal tariff policy is implemented as a specific external risk, separate from existing overseas economic, competition and supply risks.