Toda san's questions to Sony Group Corp (SONY) leadership • Q1 2025
Question
Toda san from Yomiuri Shimbun asked for a more detailed explanation for the JPY 30 billion reduction in the expected U.S. tariff impact and questioned the potential risk if the U.S. were to impose a 100% tariff on semiconductors.
Answer
CFO Lin Tao explained the reduced tariff forecast was due to factors like strategic inventory and a lower-than-expected impact in Q2 onwards, with the JPY 70 billion impact now factored into the forecast. Regarding a potential 100% tariff, she stated that forecasts are based on officially announced rates as of August 1, and that direct semiconductor exports to the U.S. are very limited.