Bridgestone Corporation · TSE:5108
Bridgestone — Q3 2025 Earnings Presentation
19 slides from Bridgestone's earnings presentation, Nov 12, 2025
Slide 1: Financial Results for 3rd Quarter of Fiscal 2025
Financial Results for 3rd Quarter of Fiscal 2025 Bridgestone Corporation Global CFO and Executive Director, G Finance Bridgestone Corporation Naoki Hishinuma November 12, 2025
Slide 2: Agenda
1. Business and Financial Performance ･･･ 3 for Q3 of Fiscal 2025 2. Fiscal 2025 Guidance ･･･ 11 3. Stock Split ･･･ 15 2/16
Slide 3: 1. Business and Financial Performance for Q3 of Fiscal 2025
1. Business and Financial Performance for Q3 of Fiscal 2025 3/16
Slide 4: Consolidated Financial Results of Q1-Q3 Fiscal 2025
Consolidated Financial Results of Q1-Q3 Fiscal 2025 (Yen in billions) 2024 2025 vs. PY (%) Q3 vs. PY (%) Q1-Q3 1H vs. PY (％) vs. PY(％) Q1-Q3 (excl. FX) (3 months) Revenue (*1) 3,269.4 2,116.4 (3) 1,118.5 +2 3,234.9 (1) +0 Adjusted Operating Profit (*1) 353.2 234.6 +2 133.7 +8 368.4 +4 +7 Margin 10.8
Slide 5: Analysis of Adjusted Operating Profit of Q1-Q3 Fiscal 2025 (vs. PY)
Analysis of Adjusted Operating Profit of Q1-Q3 Fiscal 2025 (vs. PY) (Yen in billions) Operating L. America 450.0 Expenses Currency Conversion Business Others Raw Costs +37.0 (10.0) +1.0 (26.8) MIX Volume 400.0 353.2 Materials Price +11.0 +0.0 +0.0 368.4 (31.0) +34.0 Incl. Argentina +5.0 350.0 Effect
Slide 6: Consolidated Financial Results by Segment of Q1-Q3 Fiscal 2025
Consolidated Financial Results by Segment of Q1-Q3 Fiscal 2025 (Yen in billions) 2024 2025 vs. PY (%) vs. PY (％) Q1-Q3 Q1-Q3 (excl. FX) Revenue 877.8 912.1 +4 +5 Japan Adjusted OP 135.6 131.8 (3) +3 Margin 15.4% 14.4% (1.0)pp (0.3)pp Revenue 393.3 373.4 (5) (3) Asia, Pacific, India (*) Adjusted OP 4
Slide 7: Consolidated Financial Results by Product of Q1-Q3 Fiscal 2025
Consolidated Financial Results by Product of Q1-Q3 Fiscal 2025 (Yen in billions) 2024 2025 vs. PY (％) Q1-Q3 Q1-Q3 Revenue 1,816.0 1,800.5 (1) PS/LT Adjusted OP 193.9 194.8 +0 (incl. retail & credit card business) Margin 10.7% 10.8% +0.1pp Revenue 750.9 748.2 (0) Adjusted OP 43.6 69.8 +60 TB (incl. r
Slide 8: Consolidated Financial Results by Business (Diversified Products Business)
Consolidated Financial Results by Business of Q1-Q3 Fiscal 2025 (Diversified Products Business) (Yen in billions) Sports & Cycle Biz vs. PY (%) Revenue: 44.2 (1) Diversified Adjusted (1.2) - OP: Chemical & Industrial Products Business Products Biz vs. PY (%) vs. PY (%) Margin: (2.7)% (0.2)pp Revenue
Slide 9: Adjustment Items of Q1-Q3 Fiscal 2025
Adjustment Items of Q1-Q3 Fiscal 2025 Q1-Q3 2025 Results (Yen in billions) Revenue 3,234.9 Adjusted Operating Profit 368.4 (Yen in billions) Adjustment Items 76.6 Adjustment Items 76.6 N. America TB tire plant rebuilding 26.0 Operating Profit 291.7 EU TB・Retread・AG tire plant rebuilding 20.0 Profit
Slide 10: B/S and C/F Highlights for Q3 of Fiscal 2025
B/S and C/F Highlights for Q3 of Fiscal 2025 Capital Policy (Financial Activities) (Yen in billions) (February announcement) 2024 Results 2025 Q3 Results Company has determined to acquire Treasury Stock of (as of Dec 31, 2024) (as of Sep 30, 2025) vs. Dec 31, 2024 JPY 300 billion (max.), an invest
Slide 11: 2. Fiscal 2025 Guidance
2. Fiscal 2025 Guidance 11/16
Slide 12: Fiscal 2025 Guidance (Revised)
Fiscal 2025 Guidance (Revised) （Yen in billions） 2025 Guidance vs. February vs. PY (%) 2025 Guidance 2024 Results (‘Feb 17, 2025 vs. PY (%) (Revised) Guidance (%) (excl. FX) Announcement) Revenue 4,430.1 4,330.0 4,360.0 +1 (2) +0 Adjusted Operating Profit 483.3 505.0 490.0 (3) +1 +4 Margin 10.9% 11.
Slide 13: Analysis of Revised Adjusted Operating Profit for Fiscal 2025 (vs. PY)
Analysis of Revised Adjusted Operating Profit for Fiscal 2025 (vs. PY) (Yen in billions) Operating L. America 600.0 Conversion Expenses Currency Business Others Raw MIX Volume Costs Price +19.0 (5.0) +18.0 (12.0) +2.0 (38.3) +1.0 500.0 483.3 Materials (30.0) +52.0 490.0 - UPI (margin impact) • Retur
Slide 14: Fiscal 2025 Guidance by Segment (Revised)
Fiscal 2025 Guidance by Segment (Revised) (Yen in billions) 2025 Guidance 2025 Guidance vs. February 2024 Results (‘Feb 17, 2025 vs. PY (%) (Revised) Guidance (%) Announcement) Revenue 1,226.1 1,260.0 1,255.0 (0) +2 Japan Adjusted OP 187.3 195.0 192.0 (2) +3 Margin 15.3% 15.5% 15.3% (0.2)pp +0.0pp R
Slide 15: 3. Stock Split
3. Stock Split BRIDGESTONE
Slide 16: Stock Split
Stock Split Purpose The purpose of the stock split is to lower the investment unit price of the Company’s shares, thereby creating a more accessible investment environment for investors and encouraging the expansion of investor base. Overview • Split ratio : Each share of common stock will be split
Slide 17: Forward-looking statements disclaimer
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 t
Slide 18: Appendix 1: Market Trend and Tire Demand
APPENDIX 1 Market Trend of Natural Rubber and Crude Oil (average) Tire Demand of Q1-Q3 (unit base% vs. PY) Estimated by Bridgestone PSR/LTR TBR 2024 2025 OE REP OE REP Q1 Q2 Q3 Q4 Q1 Q2 Q3 Japan 104% 105% 101% 122% Natural Rubber 157 168 175 196 197 168 170 (*2) (*2) 〈TSR20〉(*1)（￠/kg） N. America 97%
Slide 19: Appendix 2: Raw Material and Tire Demand Assumptions for Fiscal 2025
APPENDIX 2 Raw Material Assumption for Fiscal 2025 Tire Demand Assumption for Fiscal 2025 (unit base% vs. PY) Estimated by Bridgestone PSR/LTR TBR OE REP OE REP Japan 101~105% 101~105% 101~105% 101~105% (*1) Asia 106~110% 100% 106~110% 101~105% The feedstock price of natural rubber is expected to