Production Cuts Caused by U.S. Tariffs and Automotive Tariffs and Their Impact on North American Operations
First written in FY2025. 1 of 3 entries say "Materialised", first in FY2026-H1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2025: 9 of 27 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「Although domestic automobile demand in the automotive industry in which the Group operates has remained firm, uncertainty about the outlook continues due to changes in the market environment in China, the impact of US tariff measures and the prolonged geopolitical risks.」
The company continues to identify the impact of US tariff measures as a source of uncertainty for the automotive industry. In addition to the increased cost burden from the impact of tariffs cited previously, tariff measures and geopolitical risks continue to be identified this time. - FY2026-H1MaterialisedAnnual report
「In the automotive industry to which our group belongs, domestic automotive production is recovering, but the outlook remains uncertain due to sluggish sales of Japanese vehicles in the Chinese market and increased cost burdens resulting from US tariff measures, among other factors.」
US tariffs were identified as a risk in the previous fiscal year, whereas this time the increased cost burden resulting from tariff measures is described as an actual business-environment condition, indicating that the impact has materialized. - FY2025First statedAnnual report
「While accurately identifying the risk of lower automotive production due to tariffs on automobiles and parts, we will further strengthen cost reductions in response to higher raw-material, energy and labor costs by lowering material prices through optimized procurement among domestic and overseas sites, automating and reducing labor in production processes, and other measures, while working to pass on higher costs.」
The risk of lower automotive production due to tariffs on automobiles and parts and the impact of tariffs in North America were identified for the first time as specific issues. Although the impact is currently difficult to forecast, the company cites optimized procurement, cost reductions, passing on higher costs and mitigating the impact in North America as countermeasures.