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    Nishizono

    Research Analyst at NHK (Japan Broadcasting Corporation)

    Koji Nishizono is an Analyst at NHK (Japan Broadcasting Corporation), focusing on Japanese media and broadcasting industry analysis. He is recognized for his in-depth coverage of leading Japanese media companies such as Fuji Media Holdings, TV Asahi Holdings, and Nippon Television Holdings, and has contributed to several industry reports and on-air market commentary. Nishizono began his career at NHK and has built a reputation for delivering insightful, data-driven analysis, though public performance metrics and industry ranking data for his investment calls are not available. He holds a degree in economics and is widely regarded for his expertise in Japan's media landscape.

    Nishizono's questions to HONDA MOTOR CO (HMC) leadership

    Nishizono's questions to HONDA MOTOR CO (HMC) leadership • Q1 2026

    Question

    Mr. Nishizono from NHK asked for the specific assumptions underlying Honda's full-year tariff impact forecast, including the assumed start date for the new 15% US-Japan automotive tariff.

    Answer

    Masao Kawaguchi, Head of Accounting and Finance Unit, explained that the gross tariff impact forecast was revised down from JPY 650 billion to JPY 450 billion. This revision resulted from production reallocation and a detailed review of parts eligibility under USMCA rules. Mr. Kawaguchi specified that the current forecast assumes the new 15% US-Japan auto tariff will be implemented starting in September.

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