Business Interruption Risk from War, Terrorism, Political Instability and Strikes
First written in FY2017. 3 of 9 entries say "Reframed", first in FY2019. Latest entry: FY2026.
Honda Motor moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
The whole theme swung hardest in 2022: 5 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Various policy shifts have been implemented in the US in 2025, and uncertainty continues in the trade policies of various countries. The Group was also affected during the current consolidated fiscal year by tariffs imposed by various countries and business impacts arising from semiconductor shortages caused by export restrictions.」
Geopolitical and trade policy risks had an actual impact on the business during the current fiscal year through tariff impacts and semiconductor shortages caused by export restrictions. - 2026-05-14MaterialisedRevision to earnings forecasts
「営業損失は、売価およびコスト影響による利益増などはあったものの、EV(電気自動車)関連損失の影響や関税影響などにより、4,143億円と前年度にくらべ１兆6,278億円の減益となりました。」
関税影響がEV関連損失とともに営業損失の要因として実績に現れている。 - FY2026-H1MaterialisedAnnual report
「Although operating profit benefited from factors including higher profits from selling-price and cost impacts, it declined 41.0% year on year to ¥438.1 billion, due to the impact of changes in the market environment for four-wheel electric vehicles (EVs), tariffs and other factors.」
The impact of tariffs emerged as a factor reducing operating profit, and the four-wheel business recorded an operating loss of ¥73.0 billion due to changes in the EV market environment and other factors. - FY2025WorsenedAnnual report
「Since the inauguration of the new US administration, various policy shifts, including additional tariffs, have been implemented, and the Group is closely monitoring developments.」
In addition to existing geopolitical and trade risks, the Company specified the potential impact of policy shifts by the new US administration, including additional tariffs, on production, development, procurement and sales. - FY2023ReframedAnnual report
「Among these, the Company recognizes 3 geopolitical risks, mainly: ① economic security, ② interstate and regional conflicts, and ③ laws and regulations concerning human rights.」
The Company organized the risk of business disruption caused by war, terrorism and political instability as geopolitical risk comprising 3 categories: economic security, interstate and regional conflicts, and human rights laws and regulations. - FY2020ReframedAnnual report
「The Group operates in countries around the world and is exposed to risks including tariffs, import and export regulations, changes in local laws, systems, agreements and business practices, including taxation, war, terrorism, political instability, deterioration in public safety, changes in political systems and strikes in those countries and regions.」
The Company broadly organized the risks of business disruption caused by war, terrorism, political instability and strikes as regional risks, including changes in tariffs, import and export regulations, taxation, political systems and business practices. - FY2019ReframedAnnual report
「In addition, because the Group operates in the UK, the UK's withdrawal from the EU could result in tariffs on imports and exports of parts and completed vehicles, more complicated customs clearance, certification and other procedures, and production delays caused by disruptions in logistics.」
In addition to the existing risks of war, terrorism, political instability and strikes, the Company specified the risks of tariffs, administrative procedures, logistics disruptions and production delays associated with the UK's withdrawal from the EU. - FY2018RestatedAnnual report
「The Group operates in countries around the world and is exposed to risks such as war, terrorism, political instability and strikes in those countries and neighboring regions. If these unforeseen events occur and delay or suspend business activities, they could adversely affect the Group's business, financial position and results of operations.」
The Company continues to identify the risk of delays or suspensions of business activities caused by war, terrorism, political instability and strikes. - FY2017First statedAnnual report
「The Group operates in countries around the world and is exposed to risks such as war, terrorism, political instability and strikes in those countries and neighboring regions. If these unforeseen events occur and delay or suspend business activities, they could adversely affect the Group's business, financial position and results of operations.」
In addition to natural disasters and similar events, the Company identified delays or suspensions of business activities around the world caused by war, terrorism, political instability and strikes as new risks.