Bridgestone Corp Ord (BRDCF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you very much for listening to the earnings call hosted by Bridgestone Corporation. Let me introduce to you the members from Bridgestone. Global CEO and Representative Executive Officer, Shu Ishibashi. Global CAO, Global CSO Yasuhiro Morita. Global CFO, Global Financial Division Head Naoki Hishinuma. So three executives from Bridgestone will explain the matters. First, I would like to begin by asking Global CEO Shu Ishibashi to talk on the summary of financial results for the first half 2025 and fiscal 2025 guidance. Hello to everyone. I am Ishibashi, Global CEO. Today, I will provide an overview of the financial results for the first half of 2025 and the four-year guidance. Bridgestone has designated 2025 as the year of emergency and crisis management. Amid a global environment marked by the heightened uncertainty due to factors such as US tariffs, we are advancing our management, strategy by anticipating the business structural changes on a country and market specific basis. So that we can turn changes into our opportunities going forward. First half performance saw the revenue of over 2.1 trillion yen, adjusted operating profit of approximately 235 billion yen, and an adjusted operating margin of 11.1%, representing an increase compared to the prior year. The impact of U.S. tariffs in the first half was minimal due to the maritime transportation and also inventory lead times. Results are in line with the plan announced back in February 2025. Net income from continuing operations includes business rebuilding cost, booked as adjustment items, resulting in decrease compared to the prior year. In terms of sales, strong sales of tires for passenger cars, trucks, and buses, as well as mining and aircraft premium tires, and improvements in the...