Corporate Japan girds for $23bn profit hit from Trump tariffs

Komatsu and Daikin prepare to raise prices to offset impact

20250814N Komatsu mining truck

Komatsu is starting to raise prices on mining machines and other heavy equipment in North America. (Komatsu)

KOSUKE OKAMOTO

TOKYO -- Major Japanese corporations are staring at a 3.5 trillion yen ($23.6 billion) full-year impact on earnings from U.S. tariffs, a Nikkei analysis shows, with the automotive, electrical equipment and machinery industries to take the brunt of the fallout.

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