Financial Results Review Meeting for Q1 2026

Bridgestone Corporation

Bridgestone Corporation

Vice President and Senior Officer

CFO

Naoki Hishinuma

May 14, 2026

1. ‌Summary of Financial Results for Q1 and Fiscal 2026 Guidance

2. Business and Financial Performance for Q1 of Fiscal 2026

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   1. ‌Summary of Financial Results for Q1 and Fiscal 2026 Guidance

      ‌Summary of Financial Results for Q1 and Fiscal 2026 Guidance

      Financial Results for Q1 (vs. PY)

      
      
      

      • Achieved record-high Revenue and Adjusted OP for Q1, supported by a tailwind from Yen depreciation.

      • Despite a slowdown in demand in North America, partly due to unfavorable winter weather, new consumer products and a multi-brand strategy contributed to sales which exceeded demand for both PS/TB, resulting in a steady increase in market share.

        Europe continued to improve profitability.

      • PS/LT sustained favorable MIX improvement through expansion of HRD tire sales, delivering YoY profit growth despite a challenging

        business environment.

      • The capital policy announced in February (share buybacks / raising fund) is executed steadily.

        Fiscal 2026 Guidance: No change from Feb guidance

        
        
        

      • The situation in the Middle East remains fluid, and its potential impact on business performance will continue to be monitored cautiously.

      • The impact of higher raw material costs due to rising crude oil prices is expected from Q2 onward (mainly in the 2nd half). Various measures will be implemented to minimize the impact.

      • Impact of U.S. tariffs: No significant changes from the February assumptions (approx. 55B JPY annual gross impact).

      ‌Impact of the Middle East Situation

      Priorities

      • Safety Comes First - Ensuring the Safety of Employees engaging in the Middle East

      • Close collaboration with local partners

      
      
      

      Direct Impact

      • Sales from these regions account for

        only approx. 1.5% out of total sales

        Indirect Impact

      • Impact of Cost Inflation

        • Rising raw material costs due to higher crude oil prices, etc.

        • Rising conversion and logistics costs due to higher energy costs

      • Impact on production due to supply chain disruptions

        (No concerns so far, though requires cautious monitoring)

      • Decline in tire demand due to the economic downturn

      Estimated Impact of Cost Inflation

      • Estimated Cost Impact for FY2026 (Comparison with the Feb guidance) Approx. 70.0B JPY (Gross Impact)

      Assumption:

      Crude oil prices (WTI: $90/bbl) remains by end of the year. Including the impact on energy and logistics costs

      While closely monitoring the situation, we will implement various measures: including business cost reduction, optimizing costs by leveraging our global supply chain, and strengthening sales initiatives to minimize impact of the Middle East situation.

   2. ‌Business and Financial Performance for Q1 of Fiscal 2026

2026 Q1

(Yen in billions)

2025 Q1

(*) Revenue and Adjusted Operating Profit show figures for continuing operations and exclude revenue and expenses of the discontinued operations.

(Yen in billions)

160.0

140.0

Raw Materials

+14.0

Price

+3.0

MIX

+8.0

Volume

(5.0)

Conversion Costs

+0.0

-Effect of improvement

Operating Expenses

(1.0)

Currency

+5.0

Others

(13.2)

120.0

100.0

-Incl. price impact from market-linked contracts (0.0)

in Genba operation at production sites +5.0

• Return from business rebuilding

-U.S. Tariff Impact (10.0)

80.0

Business cost reduction

• Return from business rebuilding

• Business cost reduction

• Business cost reduction

  60.0

  40.0

  20.0

  0.0

  2025

  Q1

  2026

  +10.8 billion yen / +5.8 billion yen excl. FX

  
  
  

  Q1

  ‌Consolidated Financial Results by Segment for Q1 of Fiscal 2026

  2025 Q1 Results			2026 Q1 Results	vs. PY (%)
  	Revenue	299.9	303.8	+1
  Japan	Adjusted OP	42.5	53.7	+26	with REP tire sales expansion and improved price/MIX in Japan.
  	Margin	14.2%	17.7%	+3.5pp
  Asia, Pacific, India and China	Revenue	124.1	134.3	+8
  	Adjusted OP	14.6	13.5	(8)
  	Margin	11.8%	10.0%	(1.7)pp
  	Revenue	510.7	532.1	+4	(vs.PY) PS REP demand 91, sales 95 TB REP demand 89, sales 97 sales under a challenging environment.
  Americas	Adjusted OP	39.8	37.9	(5)
  	Margin	7.8%	7.1%	(0.7)pp
  Europe, Middle East and Africa	Revenue	206.4	228.7	+11	(Impact on consolidated performance is limited).
  	Adjusted OP	9.1	19.0	+109
  	Margin	4.4%	8.3%	+3.9pp

  • Revenue and profit increased YoY, driven by Yen depreciation along

  • Revenue increased YoY, driven by solid tire sales in PSR REP.

  • Continued lean expense management and benefits from business rebuilding. Excluding one-off items in the previous year, profit increased YoY.

  • NA : Despite a slowdown in demand partly due to unfavorable winter weather, new consumers products and a multi-brand strategy contributed to sales which exceeded demand for both PS and TB, resulting in a steady increase in market share, thereby supporting overall performance.

  • LA : Secured black-ink. Strengthening business fundamentals and

  • Europe: Continued expansion of premium tires, mainly HRD tires. Benefits from business rebuilding steadily materialized, resulting in higher revenue, profits and margins.

  • Middle East: Revenue and profit declined YoY due to geopolitical impacts in the region

  (Yen in billions)

  ‌Consolidated Financial Results by Product for Q1 of Fiscal 2026
  
  

  (Yen in billions)

  2025 Q1

  Results

  Revenue 596.1

  2026 Q1

  Results

  636.8

  vs. PY (%)

  +7 • Continued expansion of premium tires, including HRD tires,

  and improving sales MIX.

  PS/LT

  (incl. retail & credit card business)

  TB

  (incl. retread business)

  Specialties

  （OR/AC/AG/MC）

  Diversified Products Business

  Adjusted OP 62.1

  Margin 10.4%

  Revenue 234.2

  Adjusted OP 15.3

  Margin 6.5%

  Revenue 156.2

  Adjusted OP 34.1

  Margin 21.9%

  Revenue 71.6

  Adjusted OP (0.1)

  Margin (0.2)%

  67.0

  10.5%

  241.0

  18.1

  7.5%

  162.1

  35.6

  21.9%

  73.6

  1.5

  2.1%

  +8

  +0.1pp

  +3

  +18

  +1.0pp

  +4

  +4

  +0.1pp

  +3

  -

  +2.2pp

  • Achieved share gains in North America despite declining REP tire demand.

    Profitability in the retail business also improved.

  • Profit and margins increased YoY despite lower sales in both OE and REP, reflecting benefits from business rebuilding and improved business fundamentals.

  • Sales decreased for OR due to lower coal demand in Asia, while maintaining high profitability, supported by favorable raw material trends and FX impact.

  • Continued steady improvements, achieving enhanced business fundamentals.

    ‌Consolidated Financial Results by Business portfolio for Q1 of Fiscal 2026

    • Tire business as core business:

      Core business

Secured AOP slightly less than 13％ despite a challenging business environment

(Yen in billions)

Tire business

vs. PY (%)

Revenue portion

*1) ⚫ As part of the initiatives to contribute building an optimal capital structure and increase corporate value by decreasing WACC (expansion of ROIC-WACC Spread) while maintaining the industry-leading credit ratings, we plan to raise funds of 150 billion yen through straight corporate bonds, etc.

Steadily promoting Debt Financing and Share Buybacks

Debt Financing (raising fund)

Implemented in Apr 2026: 120 billion yen

Share Buybacks

As of the end of Apr: approx. 51% (Progress rate based on actual amount)

(*1) excl. FX vs. Mar 31, 2025

12/12

‌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 to, those statements using words such as "believe," "expect," "plans," "strategy," "prospects," "forecast," "estimate," "project," "anticipate," "may" or "might" and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Bridgestone cautions you that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. You also should not rely on any obligation of Bridgestone to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Bridgestone disclaims any such obligation.

Copyright © Bridgestone Corporation

‌ Appendix

Market Trend of Natural Rubber and Crude Oil (average) Tire Demand for Q1 of 2026 (unit base% vs. PY)

Estimated by Bridgestone

PSR/LTR TBR

ORR

PSR/LTR HRD(18"+)

Tire Sales Growth for Q1 of 2026 (vs. PY)

PSR/LTR

TBR

(*1) Source: Singapore Commodity Exchange Limited

OE REP OE REP

/

(*2) Member Demand：Tire Brands (excl. imports) which participates in U.S./Canadian Tire Manufacturers Association(*3).Total demand including non-members is as follows. PSR/LTR REP：92%, TBR REP：85% (*3) USTMA (U.S. Tire Manufacturers Association) + TRAC (Tire Rubber Association of Canada)

(*) As for TBR, figures of China is excluded.

‌Appendix

(Yen in billions)

Diversified Products Business

Sports & Cycle Biz vs. PY (%)

Chemical & Industrial

Products Biz

vs. PY (%)

Diversified Products Biz in Americas

(Air Springs)

vs. PY (%)

‌Appendix

Premium tires for passenger car

- Without Dan-Totsu products, there can be no growth with quality

Flagship product of all-season tire of touring category (Launched in Mar. 2025)

North America

Multi-brand strategy

India

All-season premium tire

of touring category customized for the India market

(Launched in Apr. 2024)

Japan

Basic tire for touring category

All-season tire for premium CUV/SUV/pick up (Launched in Sep. 2025)

(Launched in Jun. 2025)

Premium studless tire for passenger car

(Launched in Sep. 2025)

Summer tire with ultra high performance

(Launched in Jan. 2026)

Sport tire that pursues the fastest performance in street radial history (Launched in Feb. 2026)

‌Appendix

Premium tires for truck & bus

- Without Dan-Totsu products, there can be no growth with quality

N. America Japan Europe

ECOPIA

Steer

ECOPIA

Drive

ECOPIA

Trailer

Flagship product for regional driving.

In addition to improved wear resistance

and fuel efficiency,

significantly enhanced retreadability.

( Launched in Nov. 2025 )

All-season tire for paved roads and high-speed driving. Improved total life, including retreading. Achieves a high level of both economic efficiency, safety and environmental performance. ( Launched in Mar. 2025 )

Flagship ECOPIA series for long-distance driving, together with existing products for steer and drive positions, expanding the lineup of ENLITEN equipped products for fleets.

( Launched in Feb. 2025 )

‌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 to, those statements using words such as "believe," "expect," "plans," "strategy," "prospects," "forecast," "estimate," "project," "anticipate," "may" or "might" and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Bridgestone cautions you that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. You also should not rely on any obligation of Bridgestone to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Bridgestone disclaims any such obligation.

Copyright © Bridgestone Corporation