Bridgestone Corporation · TSE:5108
Bridgestone — Bridgestone Corp Ord — Q1 2025 Earnings Presentation
14 slides from Bridgestone's earnings presentation, May 15, 2025
Slide 1: Financial Results for 1st Quarter of Fiscal 2025
Financial Results for 1st Quarter of Fiscal 2025 Bridgestone Corporation Global CFO and Executive Director, G Finance Bridgestone Corporation Naoki Hishinuma May 15, 2025
Slide 2: Business and Financial Performance for Q1 of Fiscal 2025
1. Business and Financial Performance for Q1 of Fiscal 2025 ･･･ 3 2. Fiscal 2025 Guidance ･･･ 11 2/12
Slide 3: 1. Business and Financial Performance for Q1 of Fiscal 2025
1. Business and Financial Performance for Q1 of Fiscal 2025 3/12
Slide 4: Consolidated Financial Results for Q1 of Fiscal 2025
Consolidated Financial Results for Q1 of Fiscal 2025 （Yen in billions） 2024 Q1 2025 Q1 vs PY (%) Results Results Revenue 1,064.1 1,058.1 (1) Adjusted Operating Profit 120.2 111.4 (7) Margin 11.3% 10.5% (0.8) pp Profit Attributable to Owners of Parent 86.6 75.9 (12) - Continuing Operations 86.6 75.7
Slide 5: Analysis of Adjusted Operating Profit for Q1 of Fiscal 2025
Analysis of Adjusted Operating Profit for Q1 of Fiscal 2025 (vs. PY) (Yen in billions) L.America Raw Operating Currency Others Business Materials Expenses +5.0 (12.8) 120.2 (17.0) Mix Volume Conversion +15.0 +0.0 Price +5.0 +2.0 (2.0) Costs (4.0) incl. Argentina +2.0 111.4 Brazil (3.0) -UPI (margin
Slide 6: Consolidated Financial Results by Segment for Q1 of Fiscal 2025
Consolidated Financial Results by Segment for Q1 of Fiscal 2025 (Yen in billions) 2024 Q1 2025 Q1 vs. PY (%) Results Results Revenue 288.8 299.9 +4 Japan Adjusted OP 53.4 42.5 (20) Margin 18.5% 14.2% (4.3) pp Revenue 129.8 124.1 (4) Asia, Pacific, India and China Adjusted OP 13.3 14.6 +10 Margin 10.
Slide 7: Consolidated Financial Results by Product for Q1 of Fiscal 2025
Consolidated Financial Results by Product for Q1 of Fiscal 2025 (Yen in billions) 2024 Q1 2025 Q1 vs. PY (%) Results Results Revenue 593.7 596.1 +0 PS/LT Adjusted OP 64.6 62.1 (4) (incl. retail & credit card business) Margin 10.9% 10.4% (0.5) pp Revenue 234.7 234.2 (0) TB Adjusted OP 13.9 15.3 +10 (
Slide 8: Diversified Products by Business for Q1 of Fiscal 2025
Diversified Products by Business for Q1 of Fiscal 2025 (Yen in billions) Sports & Cycle Biz vs. PY (%) Diversified Revenue: 16.5 (5) Products Business vs. PY (%) Adjusted OP: (0.3) - Chemical & Industrial Revenue: 71.6 (8) Margin: (1.5)% (4.9)pp Products Biz vs. PY (%) Adjusted OP: (0.1) - Revenue:
Slide 9: Adjustment Items for Q1 of Fiscal 2025
Adjustment Items for Q1 of Fiscal 2025 2025 Q1 Results (Yen in billions) Revenue 1,058.1 Adjusted Operating Profit 111.4 （Yen in billions） Adjustment Items (*1) 22.6 Adjustment Items (*1) 22.6 N.America TB tire plant rebuilding +14.9 Operating Profit 88.8 N.America AG tire plant / business footprint
Slide 10: B/S and C/F Highlights for Q1 of Fiscal 2025
B/S and C/F Highlights for Q1 of Fiscal 2025 (Yen in billions) 2024 Results 2025 Q1 Results Capital Policy (Financial Activities) (as of Dec 31, 2024) (as of Mar 31, 2025) vs. Dec 31, 2024 (February announcement) Total Assets 5,723.5 5,396.3 (327.3) ⚫ Company has determined to acquire Treasury Cash
Slide 11: 2. Fiscal 2025 Guidance
2. Fiscal 2025 Guidance 11/12
Slide 12: Fiscal 2025 Guidance
Fiscal 2025 Guidance (Yen in billions) 2025 Guidance vs. PY 2024 Results (Feb 17, 2025Announcement) (%) Revenue 4,430.1 4,330.0 (2) Adjusted Operating Profit 483.3 505.0 +4 Margin 10.9% 11.7% +0.8 pp Profit Attributable to 285.0 253.0 (11) Owners of Parent ROIC 8.2% 9.2% +1.0 pp ROE 8.1% 7.2% (0.9)
Slide 13: Forward-looking statements disclaimer
Statements made in this presentation with respect to Bridgestone's current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Bridgestone. Forward-looking statements include, but are not limited t
Slide 14: Appendix: Market Trend of Natural Rubber and Crude Oil, Tire Demand
APPENDIX Market Trend of Natural Rubber and Crude Oil (average) Tire Demand for Q1 of 2025 (unit base% vs. PY) 2024 2025 Estimated by Bridgestone PSR/LTR TBR Q1 Q2 Q3 Q4 Q1 OE REP OE REP Natural Rubber Japan 114% 104% 94% 112% 157 168 175 196 197 〈TSR20〉(*1)（￠/kg） (*2) (*2) N. America 90% 98% 88% 10