Risk of Reduced Orders and Sales Due to U.S. Tariff Policy
First written in FY2025. 2 of 5 entries say "Materialised", first in FY2026-H1. Latest entry: FY2026.
Nakamura Choukou 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.
5 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In the Special Precision Equipment business, sales to the electronic components, bearing and automobile parts industries all remained sluggish, affected by higher U.S. tariffs on automobiles and the slowdown of the Chinese economy.」
The risk of lower sales due to higher U.S. automobile tariffs was confirmed for the full fiscal year in the form of sluggish sales to the electronic components, bearing and automobile parts industries in the Special Precision Equipment business. - FY2026-H1MaterialisedAnnual report
「In the special precision equipment business, sales to the electronic components industry and sales of wear-resistant tools to the bearing industry and, through trading companies, to automotive parts manufacturers remained sluggish due to the impact of higher U.S. tariffs on automobiles and the stagnation of the Chinese economy.」
The risk of lower orders and sales due to higher U.S. automobile tariffs materialized in the form of sluggish sales of wear-resistant tools to electronic component manufacturers and automobile parts manufacturers. - FY2025First statedAnnual report
「The reciprocal tariffs imposed by the United States and additional tariffs on automobiles are expected to have a significant impact on the Japanese economy as a whole, potentially causing exports from Japan to the United States to decline or be suspended, as well as reducing capacity utilization at domestic manufacturers. This impact may reduce orders and sales of our products.」
The company identified for the first time as a particularly important risk the possibility that U.S. reciprocal tariffs and additional automobile tariffs could reduce exports from Japan to the United States and capacity utilization at domestic manufacturers, resulting in lower orders and sales of its products.