Bridgestone : Consolidated Financial Statements for Q1 2026

About this update from Bridgestone Corporation

Consolidated Financial Statements for the First Quarter of the Fiscal Year Ending December 31, 2026 May 14, 2026 These financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), have been translated for reference only from the original Japanese-language document “KESSAN TANSHIN.” The entire format is pursuant to the requirements and guidance of Tokyo Stock Exchange. If any differences or discrepancies arise between the original Japanese document and this English translation, the original Japanese document shall prevail. Company name: Bridgestone Corporation Stock exchange listings: Tokyo, Fukuoka Code number: 5108 URL: https://www.bridgestone.com/ Representative: Yasuhiro Morita, Member of the Board Global CEO and Representative Executive Officer Contact: Kazuchika Higuchi, General Manager, IR Department Telephone: +81-3-6836-3100 Scheduled date of dividend payment commencement: -Preparation of supplementary materials: Yes Financial statements briefing to be held: Yes (All amounts are rounded off to the nearest million yen) Consolidated Results for the First Quarter of FY2026 (January 1, 2026 - March 31, 2026) (1) Consolidated Operating Results (Percentage figures represent year-on-year changes) Figures for continuing operations (Note 2) Revenue Adjusted operating profit (Note 1) Operating profit Profit attributable to owners of parent Yen in millions % Yen in millions % Yen in millions % Yen in millions % Three months ended March 31, 2026 1,113,427 5.2 122,190 9.7 125,802 41.7 91,925 21.4 Three months ended March 31, 2025 1,058,149 (0.6) 111,412 (7.3) 88,766 (24.6) 75,695 (12.6) Figures including discontinued operations Profit attributable to owners of parent Comprehensive income Basic earnings per share (Note 3) Diluted earnings per share (Note 3) Yen in millions % Yen in millions % Yen Yen Three months ended March 31, 2026 92,112 21.4 142,419 - 72.37 72.31 Three months ended March 31, 2025 75,890 (12.4) (66,843) - 55.58 55.53 (Notes) 1. The Group utilizes “adjusted operating profit,” which is determined by adding or subtracting certain adjustment items to or from pre adjusted metrics (operating profit). For details on reconciliations, please refer to page 9, “Segment information” under “2. Condensed Quarterly Consolidated Financial Statements and Primary Notes (5) Notes to the Condensed Quarterly Consolidated Financial Statements.” The Group classified anti-vibration rubber business as discontinued operations, thereby deducting such discontinued operations from monetary amounts of the three months ended March 31, 2025 and three months ended March 31, 2026. On January 1, 2026, the Company carried out a stock split of common shares at a 2-for-1 ratio. Basic earnings per share and diluted earnings per share have been calculated assuming that the stock split was conducted at the beginning of the fiscal year ended December 31, 2025. (2) Consolidated Financial Position Total assets Total equity Total equity attributable to owners of parent Ratio of equity attributable to owners of parent to total assets Yen in millions Yen in millions Yen in millions % As of March 31, 2026 5,645,839 3,736,191 3,678,718 65.2 As of December 31, 2025 5,747,705 3,719,888 3,661,793 63.7 Dividends Dividend per share 1st quarter end 2nd quarter end 3rd quarter end Year-end Total Yen Yen Yen Yen Yen FY2025 - 115.00 - 115.00 230.00 FY2026 - FY2026 (Projection) 60.00 - 65.00 125.00 (Notes) 1. Changes from the latest forecasts released : No On January 1, 2026, the Company carried out a stock split of common shares at a 2-for-1 ratio. The amounts shown for FY2025 are the actual amounts of dividends paid before the stock split. Consolidated Financial Results Forecasts for FY2026 (January 1, 2026 - December 31, 2026) (Percentage figures represent year-on-year changes) Figures for continuing operations Figures including discontinued operations Revenue Adjusted operating profit Profit attributable to owners of parent Basic earnings per share FY2026 Yen in millions % Yen in millions % Yen in millions % Yen 4,500,000 1.6 515,000 4.3 340,000 3.9 270.87 (Notes) 1. Changes from the latest forecasts released: No Amounts for profit attributable to owners of parent, and basic earnings per share for continuing operations only are as follows: Profit attributable to owners of parent: ¥340,000 million Basic earnings per share: ¥270.87 On January 1, 2026, the Company carried out a stock split of common shares at a 2-for-1 ratio. The basic earnings per share in the Consolidated Financial Results Forecasts for FY2026 take into account the impact of this stock split. *Notes Significant changes in scope of consolidation during the three months ended March 31, 2026: No Changes in accounting policies and changes in accounting estimates Changes in accounting policies required by IFRS : No Changes in accounting policies other than 1) : No Changes in accounting estimates : No Number of issued shares (common shares) Total number of issued shares at period end (including treasury stock): March 31, 2026 1,334,037,042 shares December 31, 2025 1,427,396,442 shares Number of shares of treasury stock at period end: March 31, 2026 71,796,307 shares December 31, 2025 150,838,696 shares Average number of shares outstanding during the period (during the first quarter): First Quarter ended March 31, 2026 1,272,711,779 shares First Quarter ended March 31, 2025 1,365,426,629 shares (Note) On January 1, 2026, the Company carried out a stock split of common shares at a 2-for-1 ratio. Total number of issued shares at period end, number of shares of treasury stock at period end, and average number of shares outstanding during the period have been calculated assuming that the stock split was conducted at the beginning of the fiscal year ended December 31, 2025. Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit corporation: Yes (voluntary) * Statement regarding appropriate use of forward-looking statements and other notes Forecasts based on our projections and plans for the future in this document contain unpredictable elements that may cause fluctuations. As such, they do not constitute guarantees by the Company of the achievement of those forecasts. Accordingly, actual business results may differ substantially from the Company’s current assessment. [ Index ] Operating Results 2 Condensed Quarterly Consolidated Financial Statements and Primary Notes 3 Condensed Quarterly Consolidated Statement of Financial Position 3 Condensed Quarterly Consolidated Statement of Profit or Loss 5 Condensed Quarterly Consolidated Statement of Comprehensive Income 6 Condensed Quarterly Consolidated Statement of Cash Flows 7 Notes to the Condensed Quarterly Consolidated Financial Statements 9 (Notes regarding going concern assumption) 9 (Segment information) 9 (Notes when there are significant changes in amounts of equity attributable to owners of parent) . 11 ‌Operating Results For details on the results for the three months ended March 31, 2026, please refer to the “Financial Results for the First Quarter of Fiscal 2026” released on TDnet today (May 14, 2026), as well as the related presentation materials available on the Company’s website. ‌Condensed Quarterly Consolidated Financial Statements and Primary Notes ‌Condensed Quarterly Consolidated Statement of Financial Position (Yen in millions) As of December 31, 2025 As of March 31, 2026 Assets Current assets Cash and cash equivalents 713,810 642,944 Trade and other receivables 1,093,109 1,068,053 Inventories 885,458 901,321 Other financial assets 13,510 15,070 Other current assets 128,574 131,029 Subtotal 2,834,462 2,758,416 Assets held for sale 28,719 19,475 Total current assets 2,863,182 2,777,892 Non-current assets Property, plant and equipment 1,858,259 1,841,817 Right-of-use assets 312,761 307,442 Goodwill 166,454 165,802 Intangible assets 202,901 206,218 Investments accounted for using the equity method 49,951 53,151 Other financial assets 107,720 109,339 Deferred tax assets 114,532 107,312 Other non-current assets 71,944 76,867 Total non-current assets 2,884,523 2,867,948 Total assets 5,747,705 5,645,839 (Yen in millions) As of December 31, 2025 As of March 31, 2026 Liabilities and equity Liabilities Current liabilities Trade and other payables 600,647 533,540 Bonds and borrowings 94,958 72,249 Lease liabilities 68,871 69,228 Income taxes payable 54,079 35,050 Other financial liabilities 43,735 43,565 Provisions 56,434 55,021 Other current liabilities 198,290 212,336 Subtotal 1,117,014 1,020,988 Liabilities directly associated with assets held for sale 5,640 3,303 Total current liabilities 1,122,654 1,024,291 Non-current liabilities Bonds and borrowings 392,312 392,172 Lease liabilities 270,874 266,026 Other financial liabilities 21,692 11,105 Retirement benefit liabilities 129,758 127,794 Provisions 40,908 39,815 Deferred tax liabilities 37,873 36,931 Other non-current liabilities 11,746 11,515 Total non-current liabilities 905,162 885,357 Total liabilities 2,027,817 1,909,648 Equity Common stock 126,354 126,354 Capital surplus 121,366 121,037 Treasury stock (433,930) (214,707) Other components of equity 794,058 841,992 Retained earnings 3,053,945 2,804,042 Total equity attributable to owners of parent 3,661,793 3,678,718 Non-controlling interests 58,095 57,473 Total equity 3,719,888 3,736,191 Total liabilities and equity 5,747,705 5,645,839 ‌Condensed Quarterly Consolidated Statement of Profit or Loss (Yen in millions) Three months ended March 31, 2025 Three months ended March 31, 2026 Continuing operations Revenue 1,058,149 1,113,427 Cost of sales 650,111 680,649 Gross profit 408,038 432,778 Selling, general and administrative expenses 297,006 310,407 Other income 2,087 6,682 Other expenses 24,353 3,252 Operating profit 88,766 125,802 Finance income 4,788 8,022 Finance costs 7,041 7,704 Share of profit (loss) of investments accounted for using the equity method (614) 166 Profit before tax 85,898 126,287 Income tax expense 8,300 31,997 Profit from continuing operations 77,598 94,290 Discontinued operations Profit from discontinued operations 195 187 Profit 77,793 94,477 Profit attributable to Owners of parent 75,890 92,112 Non-controlling interests 1,903 2,365 Profit 77,793 94,477 Earnings (loss) per share Basic earnings (loss) per share (Yen) Continuing operations 55.44 72.23 Discontinued operations 0.14 0.15 Total 55.58 72.37 Diluted earnings (loss) per share (Yen) Continuing operations 55.38 72.16 Discontinued operations 0.14 0.15 Total 55.53 72.31 ‌Condensed Quarterly Consolidated Statement of Comprehensive Income (Yen in millions) Three months ended March 31, 2025 Three months ended March 31, 2026 Profit 77,793 94,477 Other comprehensive income Items that will not be reclassified to profit or loss Net change in fair value of financial assets measured through other comprehensive income (3,851) (1,255) Remeasurements of defined benefit plans (114) (63) Total of items that will not be reclassified to profit or loss (3,965) (1,318) Items that may be reclassified to profit or loss Exchange differences on translation of foreign operations (142,198) 46,035 Effective portion of change in fair value of cash flow hedges 2,661 (146) Share of other comprehensive income of investments accounted for using the equity method (1,134) 3,370 Total of items that may be reclassified to profit or loss (140,671) 49,259 Other comprehensive income, net of tax (144,636) 47,941 Comprehensive income (66,843) 142,419 Comprehensive income attributable to Owners of parent (65,277) 140,177 Non-controlling interests (1,565) 2,242 Comprehensive income (66,843) 142,419 ‌Condensed Quarterly Consolidated Statement of Cash Flows (Yen in millions) Three months ended March 31, 2025 Three months ended March 31, 2026 Cash flows from operating activities Profit before tax 85,898 126,287 Profit before tax from discontinued operations 190 261 Depreciation and amortization 86,206 91,984 Increase (decrease) in accounts payable - bonuses 5,921 (7,421) Increase (decrease) in retirement benefit liabilities (4,643) (3,338) Interest and dividend income (4,165) (4,158) Interest expenses 2,749 5,314 Foreign currency exchange loss (gain) 10,343 5,422 Share of loss (profit) of investments accounted for using the equity method 614 (166) Business and plant restructuring income (1,119) (5,472) Business and plant restructuring expenses 23,388 1,889 Decrease (increase) in trade and other receivables 32,556 38,563 Decrease (increase) in inventories (18,511) (11,159) Increase (decrease) in trade and other payables (40,354) (16,476) Increase (decrease) in consumption tax payables 17,718 18,240 Increase (decrease) in refund liabilities 10,178 12,307 Other (22,397) (22,801) Subtotal 184,573 229,275 Interest and dividends received 4,446 4,502 Interest paid (3,999) (4,708) Income taxes paid (15,145) (38,274) Net cash provided by (used in) operating activities 169,876 190,795 Cash flows from investing activities Payments for purchase of property, plant and equipment (76,583) (77,779) Payments for purchase of intangible assets (13,318) (12,030) Payments of long-term loans receivable (3,003) (4,136) Collection of loans receivable 2,387 2,686 Other 11,925 9,171 Net cash provided by (used in) investing activities (78,593) (82,087) (Yen in millions) Three months ended March 31, 2025 Three months ended March 31, 2026 Cash flows from financing activities Increase (decrease) in short-term borrowings (17,972) (22,299) Repayments of long-term borrowings (142) (134) Repayments of lease liabilities (18,246) (20,882) Purchase of treasury stock (42,436) (49,693) Dividends paid to owners of parent (71,049) (72,736) Dividends paid to non-controlling interests (1,186) (2,410) Other (17,548) (6,376) Net cash provided by (used in) financing activities (168,578) (174,530) Effect of exchange rate changes on cash and cash equivalents (37,855) (5,840) Net increase (decrease) in cash and cash equivalents (115,150) (71,662) Cash and cash equivalents at beginning of period 706,732 713,810 Net increase (decrease) in cash and cash equivalents included in assets held for sale 82 796 Cash and cash equivalents at end of period 591,664 642,944 ‌Notes to the Condensed Quarterly Consolidated Financial Statements ‌(Notes regarding going concern assumption) Not applicable ‌(Segment information) Overview of reporting segments The Group’s reporting segments are components of the Group for which discrete financial information is available, and that the Board of Directors and the Management Committee regularly review in order to decide the allocation of business resources and assess operating performance. The Group has four reportable segments consisting of the “Japan,” “Asia-Pacific, India and China,” “Americas,” and “Europe, Middle East and Africa” segments, structured as such to disclose business results more appropriately based on Strategic Business Units (SBU)—classification of the Group’s businesses for management control purposes. Within the above segments, the Group runs its tire business, solutions business, chemical and industrial products and diversified products business, and other businesses. The Group classified anti-vibration rubber business as discontinued operations, thereby deducting such discontinued operations from monetary amounts of the three months ended March 31, 2025 and three months ended March 31, 2026. Segment revenue and business results Revenue and business results of the continuing operations by reportable segment of the Group are as follows. The Board of Directors assesses the segment performance and determines resource allocation after reviewing revenues and adjusted operating profit. Internal sales or transfers between segments are determined primarily at selling prices based on arm’s length transaction prices or total cost. Three months ended March 31, 2025 (Yen in millions) Reportable segments Other (Note) Corporate or elimination Consolidated total Japan Asia-Pacific, India and China Americas Europe, Middle East and Africa Total Revenue External revenue 231,561 114,691 505,419 202,165 1,053,836 4,305 8 1,058,149 Inter-segment revenue 68,300 9,388 5,244 4,233 87,165 15,764 (102,929) - Total revenue 299,860 124,079 510,664 206,398 1,141,001 20,069 (102,921) 1,058,149 Segment profit (loss) 42,546 14,604 39,791 9,068 106,010 1,566 3,836 111,412 Adjusted operating profit (Note) Service and other businesses not included in reportable segments are presented under “Other.” Three months ended March 31, 2026 (Yen in millions) Reportable segments Other (Note) Corporate or elimination Consolidated total Japan Asia-Pacific, India and China Americas Europe, Middle East and Africa Total Revenue External revenue 236,593 125,068 526,175 221,563 1,109,399 4,026 2 1,113,427 Inter-segment revenue 67,208 9,208 5,875 7,089 89,380 13,948 (103,329) - Total revenue 303,800 134,277 532,050 228,653 1,198,779 17,974 (103,327) 1,113,427 Segment profit (loss) 53,745 13,492 37,901 18,962 124,100 1,568 (3,478) 122,190 Adjusted operating profit (Note) Service and other businesses not included in reportable segments are presented under “Other.” Reconciliation from adjusted operating profit to profit before tax (Yen in millions) Three months ended March 31, 2025 Three months ended March 31, 2026 Adjusted operating profit (Note 1) 111,412 122,190 Adjustment items (income) (Note 2) 1,318 5,830 Adjustment items (expenses) (Note 4) 23,964 2,218 Operating profit 88,766 125,802 Finance income 4,788 8,022 Finance costs 7,041 7,704 Share of profit (loss) of investments accounted for using the equity method (614) 166 Profit before tax 85,898 126,287 (Note 1) For adjusted operating profit, adjustment items (income and expenses) are excluded from operating profit. (Note 2) The major breakdown of adjustment items (income) is as follows: (Yen in millions) Three months ended March 31, 2025 Three months ended March 31, 2026 Insurance claim income 93 204 Business and plant restructuring income 1,119 (Note 3) 5,472 Gain on reversal of impairment losses 106 155 Adjustment items (income) 1,318 5,830 (Note 3) This was primarily the recording of gains relating to the restructuring of overseas internal manufacturing businesses. (Note 4) The major breakdown of adjustment items (expenses) is as follows: (Yen in millions) Three months ended March 31, 2025 Three months ended March 31, 2026 Impairment losses - 300 Cost of sales (loss on disaster) 552 31 Other expenses (loss on disaster) 28 7 Business and plant restructuring expenses (Note 5) 23,384 1,880 Adjustment items (expenses) 23,964 2,218 (Note 5) This was primarily the recording of expenses relating to the restructuring of overseas tire plants (Americas etc.). ‌(Notes when there are significant changes in amounts of equity attributable to owners of parent) The Company cancelled 93,359,400 shares of treasury stock on January 23, 2026 in accordance with the resolution at the Board of Directors meeting held on February 17, 2025. As a result, treasury stock for the three months ended March 31, 2026 decreased by ¥268,586 million. The Company also acquired 14,430,200 shares of treasury stock in accordance with the resolution at the Board of Directors meeting held on February 16, 2026. As a result, treasury stock for the three months ended March 31, 2026 increased by ¥49,688 million. Due to these changes, etc., treasury stock was ¥214,707 million as of March 31, 2026.

View stock analysis, news, and events for Bridgestone Corporation