Impact of Tariffs on Revenue and Profit
First written in FY2026-H1. 3 of 4 entries say "Materialised", first in 2026-04-28. Latest entry: FY2026.
Denso moved to the "Worse" side of this theme in 2026, the same year as the typical company in this theme.
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
「Operating profit increased to ¥552.5 billion, up ¥33.6 billion, or 6.5%, from the previous fiscal year, despite the impact of US tariffs, higher component costs and increased investment in people, owing to rationalization efforts, improved operating rates and other factors.」
The impact of US tariffs is described, together with higher component costs and other factors, as an actual contributor to operating profit for the fiscal year. Operating profit increased in North America despite the impact of tariffs. - FY2026-H1First statedAnnual report
「Operating profit decreased to ¥211.4 billion, down ¥39.8 billion, or 15.8%, from the same interim period of the previous year, despite rationalization efforts and favorable operating-rate variances, due to the impact of quality provisions, research and development expenses, tariffs and other factors.」
The impact of tariffs is described, together with quality provisions and research and development expenses, as an independently identifiable theme contributing to the decline in operating profit for the interim period.