May 14, 2026
Bridgestone Corporation(5108)
Supplementary Information of 2026 Q1
1.Financial Highlights-
Quarter of the year (Yen in billions)
Unit
2025
FY 1Q
2026
FY (*1)
Consolidated Results
1Q 2Q
3Q 4Q
vs.PY
Fcst
vs.PY
Statements
Revenue
1,058.1
1,058.3
1,118.5
1,194.5
4,429.5
1,113.4
105
4,500.0
102
of Income
Adjusted Operating Profit
111.4
123.2
133.7
125.3
493.7
122.2
110
515.0
104
Adjusted OP Margin
％
10.5
11.6
12.0
10.5
11.1
11.0
+ 0.4
11.4
+ 0.3
Profit Attributable to Owners of Parent
75.9
39.6
88.0
123.7
327.3
92.1
121
340.0
104
Profit from Continuing Operations
75.7
39.5
87.9
114.0
317.1
91.9
121
340.0
107
Profit from Discontinued Operations
0.2
0.1
0.1
9.7
10.2
0.2
96
-
-
ROIC
％
8.3
9.1
+ 0.8
ROE
％
8.6
9.5
+ 0.9
Exchange
US $
Yen/$
153
145
147
154
150
157
150
Rate
Euro
Yen/€
160
164
172
179
169
184
176
Analysis of Revenue and Adjusted Operating Profit vs. PY
Revenue
Forex
+ 16.0
(64.0)
+ 4.0
+ 30.0
(14.0)
+ 55.0
+48.0
Price, Mix, Volume etc.
(22.0)
+ 9.7
+ 21.8
+ 3.9
+ 13.4
+ 0.3
+22.5
Total
(6.0)
(54.3)
+ 25.8
+ 33.9
(0.6)
+ 55.3
+70.5
Adjusted
Forex
+ 5.0
(1.0)
(14.0)
+ 0.0
(10.0)
+ 5.0
+20.0
Operating
Raw Materials
(17.0)
(12.0)
(2.0)
+ 5.0
(26.0)
+ 14.0
+34.0
Profit(*2)
Price
+ 5.0
+ 10.0
+ 19.0
+ 22.0
+ 56.0
+ 3.0
+18.0
Mix
+ 2.0
+ 7.0
+ 2.0
+ 6.0
+ 17.0
+ 8.0
+18.0
Volume
(2.0)
(2.0)
+ 4.0
(14.0)
(14.0)
(5.0)
+35.0
Conversion Costs
(4.0)
+ 3.0
+ 1.0
+ 11.0
+ 11.0
+ 0.0
(3.0)
Operating Expenses
+ 15.0
+ 15.0
+ 7.0
(14.0)
+ 23.0
(1.0)
(71.0)
Others
(12.8)
(5.7)
(7.3)
(20.8)
(46.6)
(13.2)
(29.7)
Total
(8.8)
+ 14.3
+ 9.7
(4.8)
+ 10.4
+ 10.8
+21.3
Segment Japan
Revenue
299.9
303.9
308.4
353.8
1,265.9
303.8
101
1,275.0
101
Information
Adjusted Operating Profit
42.5
40.0
49.3
66.3
198.1
53.7
126
200.0
101
Adjusted OP Margin
％
14.2
13.2
16.0
18.8
15.7
17.7
+ 3.5
15.7
+ 0.0
Asia, Pacific,
Revenue
124.1
122.7
126.6
144.4
517.8
134.3
108
545.0
105
India and China
Adjusted Operating Profit
14.6
14.6
11.9
18.5
59.6
13.5
92
64.0
107
Adjusted OP Margin
％
11.8
11.9
9.4
12.8
11.5
10.0
(1.7)
11.7
+ 0.2
Americas
Revenue
510.7
515.2
552.7
552.0
2,130.5
532.1
104
2,200.0
103
Adjusted Operating Profit
39.8
52.0
66.0
43.7
201.5
37.9
95
221.0
110
Adjusted OP Margin
％
7.8
10.1
11.9
7.9
9.5
7.1
(0.7)
10.0
+ 0.6
Europe,
Revenue
206.4
204.9
215.0
226.6
852.9
228.7
111
855.0
100
Middle East, and
Africa
Adjusted Operating Profit
9.1
9.4
14.6
9.3
42.4
19.0
209
60.0
141
Adjusted OP Margin
％
4.4
4.6
6.8
4.1
5.0
8.3
+ 3.9
7.0
+ 2.0
PS/LT
Revenue
596.1
581.5
622.9
700.0
2,500.6
636.8
107
Adjusted Operating Profit
62.1
62.0
70.7
73.8
268.6
67.0
108
Adjusted OP Margin
％
10.4
10.7
11.3
10.5
10.7
10.5
+ 0.1
TB
Revenue
234.2
251.0
263.0
270.3
1,018.4
241.0
103
Adjusted Operating Profit
15.3
25.6
28.9
18.5
88.4
18.1
118
Adjusted OP Margin
％
6.5
10.2
11.0
6.9
8.7
7.5
+ 1.0
Specialties
Revenue
156.2
154.0
163.6
149.6
623.4
162.1
104
Adjusted Operating Profit
34.1
31.6
31.7
28.1
125.5
35.6
104
Adjusted OP Margin
％
21.9
20.5
19.4
18.8
20.1
21.9
+ 0.1
Diversified
Revenue
71.6
71.8
69.0
74.6
287.1
73.6
103
Products
Business
Adjusted Operating Profit
(0.1)
4.0
2.5
4.9
11.3
1.5
-
Adjusted OP Margin
％
(0.2)
5.5
3.6
6.6
3.9
2.1
+ 2.2
Balance
Total Assets
5,396.3
5,481.1
5,488.5
5,747.7
5,645.8
Sheet
Total Equity
3,603.7
3,537.7
3,538.4
3,719.9
3,736.2
Ratio of equity attributable to owners of parent to total assets
％
65.8
63.6
63.5
63.7
65.2
Cash Flows
Cash flows from operating activities
169.9
109.2
140.6
240.7
660.4
190.8
Cash flows from investing activities
(78.6)
(42.3)
(55.2)
(48.9)
(225.0)
(82.1)
Free cash flow
91.3
66.9
85.5
191.8
435.5
108.7
Investment
Capital Expenditure
56.2
81.7
83.7
144.2
365.9
55.1
98
410.0
112
Costs &
Depreciation and amortization
86.2
90.0
89.2
87.9
353.2
92.0
107
356.0
101
Expenses
R&D Expenses
30.1
28.3
29.0
39.0
126.4
30.4
101
130.0
103
Dividends
Dividend per Share(*3)
Yen
57.5
57.5
115
125
Tire
Domestic
10,000t
11
11
11
11
45
11
45
Results by Product
China
10,000t
1
1
1
1
5
1
Asia
10,000t
7
6
7
6
26
7
Asia, Pacific, India and China
10,000t
8
8
8
8
31
8
34
North America
10,000t
9
9
8
8
34
9
Latin America
10,000t
4
4
4
3
15
4
Americas
10,000t
13
13
12
12
48
12
50
Europe
10,000t
5
5
5
5
20
5
Middle East and Africa
10,000t
0
0
0
0
1
0
Europe, Middle East, and Africa
10,000t
5
6
5
5
22
6
22
Overseas Total
10,000t
26
26
25
25
101
26
106
Total
10,000t
37
37
36
36
146
37
151
Overseas Prod. Ratio
％
70
70
69
69
69
70
70
Production (tonnage of rubber)
(*1) Disclosed on Feb. 16, 2026
(*2) For the analysis of adjusted operating profit vs.PY for 2026, "Latin America" which had been classified in "Others" until 2025, are included under each of the factors. (*3) On January 1, 2026, the Company conducted a two-for-one stock split of its common shares.
Accordingly, the "Dividend per Share" for 2025 has also been calculated assuming this stock split had been implemented.
- Full Year (Yen in billions)
Unit | After Reclassifications (*1) | |||||||||||
2023 | 2024 | 2025 | 2026(*2) | |||||||||
Actual | vs.PY | Actual | vs.PY | Actual | vs.PY | Fcst | vs.PY | |||||
Consolidated Results | ||||||||||||
Statements of Income | Revenue | 4,313.8 | 105 | 4,430.1 | 103 | 4,429.5 | 100 | 4,500.0 | 102 | |||
Adjusted Operating Profit | 480.6 | 100 | 483.3 | 101 | 493.7 | 102 | 515.0 | 104 | ||||
Adjusted OP Margin | ％ | 11.1 | (0.6) | 10.9 | (0.2) | 11.1 | + 0.2 | 11.4 | + 0.3 | |||
Profit Attributable to Owners of Parent | 331.3 | 110 | 285.0 | 86 | 327.3 | 115 | 340.0 | 104 | ||||
Profit from Continuing Operations | 326.9 | 107 | 285.0 | 87 | 317.1 | 111 | 340.0 | 107 | ||||
Profit from Discontinued Operations | 4.4 | - | (0.0) | - | 10.2 | - | - | - | ||||
ROIC | ％ | 8.7 | (0.7) | 8.2 | (0.5) | 8.3 | + 0.2 | 9.1 | + 0.8 | |||
ROE | ％ | 10.4 | (0.6) | 8.1 | (2.3) | 8.6 | + 0.5 | 9.5 | + 0.9 | |||
Exchange Rate | US $ | Yen/$ | 141 | 152 | 150 | 150 | ||||||
Euro | Yen/€ | 152 | 164 | 169 | 176 | |||||||
Analysis of Revenue and Adjusted Operating Profit vs. PY | ||||||||||||
Revenue | Forex | + 258.0 | + 280.0 | (14.0) | + 48.0 | |||||||
Price, Mix, Volume etc. | (54.3) | (163.7) | + 13.4 | + 22.5 | ||||||||
Total | + 203.7 | + 116.3 | (0.6) | + 70.5 | ||||||||
Adjusted Operating Profit (*3) | Forex | + 62.0 | + 59.0 | (10.0) | + 20.0 | |||||||
Raw Materials | (4.0) | (11.0) | (26.0) | + 34.0 | ||||||||
Price | + 203.0 | (6.0) | + 56.0 | + 18.0 | ||||||||
Mix | + 18.0 | + 18.0 | + 17.0 | + 18.0 | ||||||||
Volume | (73.0) | (41.0) | (14.0) | + 35.0 | ||||||||
Conversion Costs | (88.0) | (21.0) | + 11.0 | (3.0) | ||||||||
Operating Expenses | + 7.0 | + 15.0 | + 23.0 | (71.0) | ||||||||
Others | (127.0) | (10.3) | (46.6) | (29.7) | ||||||||
Total | (2.0) | + 2.7 | + 10.4 | + 21.3 | ||||||||
Segment Information | Japan | Revenue | 1,242.4 | 107 | 1,226.1 | 99 | 1,265.9 | 103 | 1,275.0 | 101 | ||
Adjusted Operating Profit | 206.5 | 137 | 187.3 | 91 | 198.1 | 106 | 200.0 | 101 | ||||
Adjusted OP Margin | ％ | 16.6 | + 3.6 | 15.3 | (1.3) | 15.7 | + 0.4 | 15.7 | + 0.0 | |||
Asia, Pacific, India and China | Revenue | 551.5 | 529.7 | 96 | 517.8 | 98 | 545.0 | 105 | ||||
Adjusted Operating Profit | 55.2 | 58.5 | 106 | 59.6 | 102 | 64.0 | 107 | |||||
Adjusted OP Margin | ％ | 10.0 | 11.0 | + 1.0 | 11.5 | + 0.5 | 11.7 | + 0.2 | ||||
Americas | Revenue | 2,080.0 | 105 | 2,180.0 | 105 | 2,130.5 | 98 | 2,200.0 | 103 | |||
Adjusted Operating Profit | 212.0 | 84 | 180.1 | 85 | 201.5 | 112 | 221.0 | 110 | ||||
Adjusted OP Margin | ％ | 10.2 | (2.4) | 8.3 | (1.9) | 9.5 | + 1.2 | 10.0 | + 0.6 | |||
Europe, Middle East, and Africa | Revenue | 819.2 | 835.6 | 102 | 852.9 | 102 | 855.0 | 100 | ||||
Adjusted Operating Profit | 11.7 | 29.8 | 255 | 42.4 | 142 | 60.0 | 141 | |||||
Adjusted OP Margin | ％ | 1.4 | 3.6 | + 2.1 | 5.0 | + 1.4 | 7.0 | + 2.0 | ||||
Results by Product | PS/LT | Revenue | 2,376.5 | 2,485.9 | 105 | 2,500.6 | 101 | |||||
Adjusted Operating Profit | 273.7 | 282.3 | 103 | 268.6 | 95 | |||||||
Adjusted OP Margin | ％ | 11.5 | 11.4 | (0.2) | 10.7 | (0.6) | ||||||
TB | Revenue | 1,008.3 | 1,022.8 | 101 | 1,018.4 | 100 | ||||||
Adjusted Operating Profit | 57.8 | 57.9 | 100 | 88.4 | 153 | |||||||
Adjusted OP Margin | ％ | 5.7 | 5.7 | (0.1) | 8.7 | + 3.0 | ||||||
Specialties | Revenue | 630.6 | 623.6 | 99 | 623.4 | 100 | ||||||
Adjusted Operating Profit | 135.9 | 138.9 | 102 | 125.5 | 90 | |||||||
Adjusted OP Margin | ％ | 21.5 | 22.3 | + 0.7 | 20.1 | (2.2) | ||||||
Diversified Products Business | Revenue | 298.4 | 107 | 297.9 | 100 | 287.1 | 96 | |||||
Adjusted Operating Profit | 13.2 | 139 | 4.2 | 32 | 11.3 | 266 | ||||||
Adjusted OP Margin | ％ | 4.4 | + 1.0 | 1.4 | (3.0) | 3.9 | + 2.5 | |||||
Balance Sheet | Total Assets | 5,427.8 | 5,723.5 | 5,747.7 | ||||||||
Total Equity | 3,405.4 | 3,786.5 | 3,719.9 | |||||||||
Ratio of equity attributable to owners of parent to total assets | ％ | 61.8 | 65.2 | 63.7 | ||||||||
Cash Flows | Cash flows from operating activities | 661.4 | 548.8 | 660.4 | ||||||||
Cash flows from investing activities | (297.7) | (255.1) | (225.0) | |||||||||
Free cash flow | 363.7 | 293.8 | 435.5 | |||||||||
Investment | Capital Expenditure | 420.0 | 132 | 389.8 | 93 | 365.9 | 94 | 410.0 | 112 | |||
Costs & Expenses | Depreciation and amortization | 305.8 | 108 | 348.1 | 114 | 353.2 | 101 | 356.0 | 101 | |||
R&D Expenses | 122.0 | 109 | 126.2 | 103 | 126.4 | 100 | 130.0 | 103 | ||||
Dividends | Dividend per Share(*4) | Yen | 100 | 105 | 115 | 125 | ||||||
Tire Production (tonnage of rubber) | Domestic | 10,000t | 47 | 44 | 45 | 45 | ||||||
China | 10,000t | 7 | 5 | 5 | ||||||||
Asia | 10,000t | 31 | 27 | 26 | ||||||||
Asia, Pacific, India and China | 10,000t | 38 | 32 | 31 | 34 | |||||||
North America | 10,000t | 37 | 36 | 34 | ||||||||
Latin America | 10,000t | 16 | 14 | 15 | ||||||||
Americas | 10,000t | 53 | 49 | 48 | 50 | |||||||
Europe | 10,000t | 24 | 21 | 20 | ||||||||
Middle East and Africa | 10,000t | 1 | 1 | 1 | ||||||||
Europe, Middle East, and Africa | 10,000t | 25 | 22 | 22 | 22 | |||||||
Overseas Total | 10,000t | 117 | 104 | 101 | 106 | |||||||
Total | 10,000t | 163 | 148 | 146 | 151 | |||||||
Overseas Prod. Ratio | ％ | 71 | 70 | 69 | 70 | |||||||
(*1) From 2024, Segment Information, Results by Product and Tire Production have been changed as follows.
Segment Information: "China, Asia-Pacific" is changed to "Asia, Pacific, India, and China"
"Europe, Russia, Middle East, India and Africa" is changed to "Europe, Middle East, and Africa" Results by Product: Calculation method for P&L by product has been partially changed.
Tire Production: Tire Production of India is included in "Asia" of "Asia, Pacific, India, and China". (*2) Disclosed on Feb. 16, 2026
(*3) For the analysis of adjusted operating profit vs.PY for 2024 and 2025, "Latin America" are included in "Others", and classified under each of the factors for 2023 and 2026.
(*4) On January 1, 2026, the Company conducted a two-for-one stock split of its common shares.
Accordingly, the "Dividend per Share" for 2025 and prior years has also been calculated assuming this stock split had been implemented.
2. Additional Information |
(1)Year-on-Year Tire Demand Growth (unit base, %) |
2023 | 2024 | 2025 | 2026 | |||||
FY | FY | FY | 1Q | FY Fcst(*1) | ||||
Japan | PSR/LTR | REP | 93 | 99 | 101 | 99 | 100 | |
OE | 116 | 91 | 103 | 104 | 100 | |||
TBR | REP | 91 | 98 | 103 | 91 | 95～99 | ||
OE | 109 | 100 | 103 | 115 | 101～105 | |||
Asia(*2) | PSR/LTR | REP | 110 | 98 | 103 | 101～105 | ||
(Thailand, Indonesia, India and China Total) | OE | 106 | 102 | 108 | 95～99 | |||
TBR(*3) | REP | 111 | 109 | 103 | 106～110 | |||
OE | 147 | 83 | 108 | 111～115 | ||||
N.America | PSR/LTR | REP | 100 | 102 | 101 | 92 | 100 | |
USTMA+TRAC | 99 | 97 | 98 | 91 | 100 | |||
OE | 107 | 96 | 99 | 98 | 95～99 | |||
TBR | REP | 77 | 114 | 105 | 85 | 100 | ||
USTMA+TRAC | 82 | 104 | 102 | 89 | 101～105 | |||
OE | 96 | 90 | 79 | 79 | 106～110 | |||
Europe | PSR/LTR | REP | 91 | 105 | 99 | 98 | 100 | |
OE | 110 | 92 | 96 | 99 | 95～99 | |||
TBR | REP | 79 | 104 | 97 | 97 | 100 | ||
OE | 104 | 78 | 103 | 108 | 100 | |||
(2)Year-on-Year Tire Sales Growth (unit base, %)
2023 | 2024 | 2025 | 2026 | ||||
FY | FY | FY | 1Q | FY Fcst(*1) | |||
Japan | PSR/LTR | REP | 86 | 100 | 103 | 103 | 101～105 |
OE | 113 | 82 | 93 | 95 | 95～99 | ||
Total | 95 | 93 | 100 | 100 | 101～105 | ||
TBR | REP | 89 | 98 | 104 | 97 | 101～105 | |
OE | 113 | 100 | 105 | 109 | 100 | ||
Total | 95 | 99 | 105 | 102 | 101～105 | ||
Asia-Pacific, India, China (*2) | PSR/LTR | REP | 97 | 98 | 101 | 102 | 106～110 |
OE | 89 | 89 | 105 | 106 | 95～99 | ||
Total | 93 | 94 | 103 | 104 | 101～105 | ||
TBR (*3) | REP | 96 | 103 | 91 | 99 | 106～110 | |
OE | 105 | 72 | 87 | 122 | 101～105 | ||
Total | 98 | 96 | 90 | 103 | 106～110 | ||
N.America | PSR/LTR | REP | 95 | 96 | 98 | 95 | 101～105 |
OE | 105 | 96 | 93 | 105 | 100 | ||
Total | 98 | 96 | 96 | 98 | 101～105 | ||
TBR | REP | 86 | 103 | 101 | 97 | 101～105 | |
OE | 89 | 82 | 94 | 87 | 106～110 | ||
Total | 87 | 97 | 99 | 94 | 106～110 | ||
Europe | PSR/CVR | REP | 85 | 98 | 105 | 109 | 101～105 |
OE | 106 | 84 | 93 | 105 | 95～99 | ||
Total | 92 | 93 | 101 | 108 | 100 | ||
TBR | REP | 70 | 102 | 96 | 89 | 95～99 | |
OE | 109 | 77 | 97 | 80 | 75～79 | ||
Total | 82 | 91 | 96 | 85 | 85～89 | ||
Global | PSR/LTR | REP | 90 | 97 | 100 | 101 | 101～105 |
OE | 102 | 89 | 98 | 100 | 95～99 | ||
Total | 94 | 94 | 99 | 101 | 100 | ||
TBR (*3) | REP | 85 | 102 | 97 | 95 | 101～105 | |
OE | 96 | 84 | 96 | 95 | 100 | ||
Total | 88 | 97 | 96 | 95 | 101～105 | ||
2025 |
REP/OE Mix |
70% |
30% |
70% |
30% |
60% |
40% |
80% |
20% |
70% |
30% |
70% |
30% |
70% |
30% |
70% |
30% |
70% |
30% |
80% |
20% |
Key Products:
2023 | 2024 | 2025 | 2026 | ||||
FY | FY | FY | 1Q | FY Fcst(*1) | |||
ORR | Ultra-Large | 105 | 100 | 101 | 96 | 100 | |
Large | REP | 108 | 104 | 88 | 76 | 101～105 | |
OE | 97 | 71 | 124 | 110 | 85～89 | ||
Total | 104 | 94 | 96 | 86 | 100 | ||
Small & | REP | 94 | 94 | 100 | 96 | 111～115 | |
Medium | OE | 107 | 93 | 101 | 111 | 101～105 | |
Total | 99 | 94 | 100 | 103 | 106～110 | ||
PSR-HRD (18"+) | 108 | 100 | 104 | 104 | 101～105 | ||
REP | 105 | 105 | 105 | 103 | 106～110 | ||
(*1) Disclosed on Feb. 16, 2026 |
(*2) Asia excludes India for 2023. |
(*3) As for TBR, figures of China is excluded from 2024. |
The disclosed figures are based on the latest information available; some actual figures include Bridgestone's own estimates and may be updated.