TOKYO -- Nissan Motor, Toyota Motor and Honda Motor stand to lose roughly 150 billion yen ($1.37 billion) per year to tariffs thanks to Britain's divorce from the European Union, starkly illustrating Japanese companies' exposure to so-called Brexit.
The figure, calculated by Mitsubishi UFJ Morgan Stanley Securities based on an expected 10% tariff for automobile shipments between the U.K. and the continent, would represent about 4% of the Japanese big three's projected operating profit for the year through March 2020. The damage could worsen if a messy split disrupts logistics or if the British economy sinks in the resulting tumult.
