Market Environment Risks Stemming from U.S. Tariff Policy and Economic Security
First written in FY2025. 2 of 4 entries say "Worsened", first in 2026-05-08. Latest entry: FY2026.
Mitsubishi Motors 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.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The automotive industry is facing structural changes in its business environment and heightened uncertainty, including higher U.S. tariffs, reviews of environmental regulations in various countries and regions, the accelerating adoption of software-defined vehicles (SDVs) and vehicle intelligence through AI, and intensifying sales competition due to the global expansion of Chinese manufacturers.」
For US tariffs, for which some easing of uncertainty had been noted in the previous interim period, the full-year disclosure identified the impact of higher tariff rates as a major uncertainty affecting the business environment. - 2026-05-08WorsenedRevision of earnings forecasts
「We recognize that the business environment surrounding the company in FY2025 underwent major changes in rapid succession, including the impact of US tariffs, the rise of Chinese manufacturers, and changes to environmental regulations in various countries, making it a challenging year to respond. Since the beginning of 2026, geopolitical risks have also become more pronounced, including the invasion of Venezuela and worsening conditions in the Middle East, and uncertainty has increased further.」
The disclosure listed the impact of US tariffs, changes to environmental regulations in various countries, and the emergence of geopolitical risks, and stated that uncertainty had increased further. - FY2026-H1MitigatedAnnual report
「While some of the uncertainty surrounding tariff policy in the United States has eased and there have also been moves to relax environmental regulations,」
It was stated that some of the uncertainty surrounding US tariff policy had eased. However, price competition, particularly from Chinese manufacturers, and geopolitical and macroeconomic uncertainty were said to remain high. - FY2025First statedAnnual report
「As our group has a relatively low proportion of production and procurement in the United States, US tariff policy may have a material impact on the earnings of our US business operations. In addition, as there are concerns that the resulting tariff impact could slow the global economy, it may affect not only our US business but also the operating results and other aspects of our group as a whole.」
The impact of US tariff policy on US business and the global economy, the economic security policies of individual countries, interstate and regional conflicts, and disruptions in supply chains, financial markets and foreign exchange markets were newly disclosed as separate risks of particular concern as of the filing date.