Bridgestone Corp Ord (BRDCF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much for taking the time to join us today for Bridgestone Corporation's financial results briefing for the first quarter of fiscal 2026. First, I would like to introduce the two attendees. Vice President and Senior Officer, CFO, Naoki Hishinoma. Director of IR and Finance Planning Division, Kazuchika Higuchi. We have two speakers today. Now CFO Hishinuma will present the financial results for the first quarter of FY2026. I am Hishinuma CFO. I will now explain our consolidated financial results for the first quarter of fiscal year 2026 and our four-year outlook guidance. This is today's agenda. Now, let me begin by explaining the summary of financial results for Q1 and fiscal 2026 four-year guidance. In the first quarter of 2026, our consolidated results achieved record high revenue, and adjusted operating profit, supported by a tailwind from yen depreciation. We will provide further details on our considered results later, but amidst the continuing challenge in business environment, particularly in North America, the expansion of HRD, tire sales, and effects of business rebuilding have contributed to our performance. The capital policy announced in February is being steadily executed as planned. Next, regarding our four-year guidance, there are no changes from what we announced in February. We will provide further details on the fluid situation in the Middle East on the next page. Regarding the impact of U.S. tariffs, there are no significant changes from our February assumptions. While the situation in the Middle East remains fluid, We prioritize two things, safety comes first, and close collaboration with the local partners. The sales from this region account for approximately 1.5% of our consolidated revenue, so the direct impact on our consolidated...