Claims for Prior-Period Tariffs by U.S. Authorities and Additional Tariff Burden
First written in FY2026-H1. 2 of 3 entries say "Materialised", first in FY2026-H1. Latest entry: 2026-08-14.
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- 2026-08-14MaterialisedEarnings
「During the first quarter of the current consolidated fiscal year, the company received a claim for additional tariffs and other charges relating to the remaining period of 2021 and recorded ¥358 million as a loss on prior-period tariffs and other charges under extraordinary losses.」
The company received an additional claim of ¥358 million for prior-period tariffs and other charges and recorded it as an extraordinary loss. The possibility of additional losses for periods from 2022 onward was also disclosed. - FY2026WorsenedAnnual report
「The U.S. authorities have now determined that they will not accept CWUS's claims. As a result, the Company received claims for customs duties and related charges for the period from 2018 to 2021, covering Citizen-brand watches in September 2025 and watches of other brands in October 2025. The total amount of ¥2,752 million was recognized as an extraordinary loss under prior-period customs duties and related charges, and part of the amount was paid in installments.」
In response to claims from the U.S. authorities, ¥2,752 million was recognized as prior-period customs duties and related charges, and a separate provision of ¥3,315 million was recorded for the period from 2015 to 2018. Additional costs may arise for periods from 2021 onward, but the Company states that a reasonable estimate is difficult. - FY2026-H1MaterialisedAnnual report
「The U.S. authorities determined that they would not accept CWUS's claims, and in September 2025 the company was billed for tariffs and other charges relating to Citizen-brand watches for the period from 2018 through 2021, followed in October by bills relating to watches of other brands for the same period. The total of ¥2,678 million was recognized as a prior-period loss on tariffs and other charges under extraordinary losses, and part of the amount was paid in instalments.」
The company was billed ¥2,678 million by U.S. authorities for tariffs and other charges relating to the period from 2018 through 2021, which was recognized as an extraordinary loss. In addition, ¥3,532 million was provided for amounts relating to 2015 through 2018, while no provision was recognized for amounts from 2021 onward because a reasonable estimate was difficult to make.