Changes in Import and Export Tariffs, Tax Laws and Other Factors
First written in FY2018. 3 of 7 entries say "Materialised", first in FY2019-Q3. Latest entry: FY2026.
Chuo Spring moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 9 of 23 companies on the "Worse" side.
5 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Negotiations with customers to reflect the impact of North American tariffs in selling prices have been completed, and we will be able to pass through almost the full impact of tariffs arising during the current fiscal year into selling prices.」
The impact of US tariffs actually emerged as a factor behind lower revenue and profit in North America, but negotiations with customers on passing through the costs have been completed, and the company expects to reflect almost the full amount in selling prices. - FY2026-H1MaterialisedAnnual report
「The impact of US tariffs from the third quarter onward is not included in these earnings forecasts. The company is continuing negotiations with customers to reflect the impact in selling prices, and it is currently difficult to calculate the precise amount of the impact.」
The impact of US tariffs began to emerge during the fiscal year, while the expected future impact has not been reflected in the earnings forecasts. The company is continuing negotiations with customers to reflect the impact in selling prices, but states that the amount of the impact is currently difficult to calculate. - FY2019RestatedAnnual report
「The Group identifies domestic and overseas vehicle production volumes, foreign exchange rates, material market conditions, energy market conditions, inter-country import and export tariffs, and tax laws as factors that could materially affect its operating results. It continuously monitors conditions and seeks to take the optimal response.」
The company has reaffirmed external factors, including import and export tariffs and tax laws, as factors affecting operating results. This filing does not disclose the actual impact of tariffs separately. - FY2019-Q3MaterialisedAnnual report
「Operating income decreased by ¥613 million from the same quarter of the previous year, or 26.3%, to ¥1.715 billion, due to lower net sales, fluctuations in steel prices, the weaker Indonesian rupiah and the impact of tariffs in North America, among other factors.」
Regarding inter-country import and export tariffs, which had previously been identified as a factor affecting operating results, the company states that the impact of North American tariffs actually emerged as a factor behind the decline in operating profit. - FY2018First statedAnnual report
「The Group identifies domestic and overseas vehicle production volumes, foreign exchange rates, material market conditions, energy market conditions, inter-country import and export tariffs, and tax laws as factors that could materially affect its operating results. It continuously monitors conditions and seeks to take the optimal response.」
The company explicitly identified inter-country import and export tariffs and tax laws for the first time as factors that could materially affect its operating results.