Bridgestone Corp Ord (BRDCF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Everyone, thank you very much indeed for gathering on the occasion of the presentation of the financial results for the first quarter 2025 by Bridgestone Corporation. Introducing the members to you. Global CEO and Representative Executive Officer, Shu Ishibashi. Global CAO, Global CSO, Yasuhiro Morita. Global CFO, Global Financial Division Head, Naoki Hishinuma. So the three executives are to represent the Limbred Stone Corporation. I would like to first call upon Shu Ishibashi, Global CEO, to take you through the summary of financial results for first quarter 2025, as well as the fiscal 2025 guidance. Hello to everyone. I am Ishibashi, Global CEO at Bridgestone. Today, I would like to present a summary of financial results for the first quarter 25 and fiscal 25 guidance. First, I would like to summarize the first quarter of the year. This year, as new management priorities, we include The impact of the US tariffs and the outlook remains uncertain globally. The impact will differ for each region, country, and market, but also to assume changes in business structure, we will promote the business management by turning changes into opportunities. Bridgestone has positioned 2025 as the year of emergency and crisis management. In response to the new business priorities, we believe its importance will be further deepened as reinforcing business quality. First quarter results, revenue approximately ¥1 trillion, adjusted operating profit approximately ¥110 billion, adjusted operating profit margin 10.5%. Although the year-on-year decrease in profit was recorded, it was in line with the plan announced in February 2025. Excluding one-time factors, profit increased slightly from the prior year. Net profit from continuing operations include restructuring and rebuilding the costs...