Consumer Durables

Bridgestone Corp.

Business Summary

Bridgestone Corp. engages in the manufacture and sale of tires and rubber products. It operates through the Tires and Diversified Products segments. The Tires segment manufactures and sells tires, tubes, wheels and accessories. It also offers retread material and services, and auto maintenance. The Diversified Products segment includes chemical and industrial products, sporting goods, bicycles, and financial services. The company was founded by Shojiro Ishibashi on March 1, 1931 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2022	JPY	USD
Revenue	4,110.07B	31,248.71M
Gross Profit	1,497.82B	11,387.88M
Operating income	440,705M	3,350.66M
Income before tax	417,683M	3,175.62M
Net income	305,509M	2,322.77M
EBITDA	722,813M	5,495.52M
Diluted EPS	429.63	3.26
Dividends Per Share	175	1.33
Total Assets	4,961.81B	37,605.19M
Total liabilities	1,949.36B	14,774.04M
Total equity	2,965.80B	22,477.59M
Operating cash flow	268,483M	2,041.26M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	3,650.11B	3,507.24B	2,695.22B	3,246.05B	4,110.07B
Gross Profit	1,345.85B	1,235.15B	927,058M	1,226.66B	1,497.82B
Operating income	402,733M	326,329M	166,305M	387,825M	440,705M
Income before tax	427,768M	335,510M	28,841M	371,387M	417,683M
Net income	291,642M	240,112M	-19,790M	307,869M	305,509M
EBITDA	607,768M	596,078M	419,093M	633,724M	722,813M
Diluted EPS	387.27	331.75	-33.09	229.08	429.63
Dividends Per Share	160	160	110	170	175
Total Assets	3,840.26B	4,277.01B	4,189.32B	4,574.89B	4,961.81B
Total liabilities	1,404.10B	1,874.53B	1,994.03B	1,899.53B	1,949.36B
Total equity	2,381.96B	2,349.37B	2,149.95B	2,629.88B	2,965.80B
Operating cash flow	360,955M	505,029M	526,947M	281,538M	268,483M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	33,049.78M	32,173.34M	25,243.62M	29,543.65M	31,248.71M
Gross Profit	12,186.00M	11,330.57M	8,682.87M	11,164.32M	11,387.88M
Operating income	3,646.52M	2,993.54M	1,557.62M	3,529.74M	3,350.66M
Income before tax	3,873.20M	3,077.76M	270.12M	3,380.14M	3,175.62M
Net income	2,640.66M	2,202.64M	-185.35M	2,802.03M	2,322.77M
EBITDA	5,503.01M	5,468.06M	3,925.24M	5,767.77M	5,495.52M
Diluted EPS	3.50	3.04	-0.31	2.08	3.26
Dividends Per Share	1.44	1.46	1.03	1.54	1.33
Total Assets	35,002.22M	39,356.02M	40,576.55M	39,728.12M	37,605.19M
Total liabilities	12,797.74M	17,249.02M	19,313.64M	16,495.48M	14,774.04M
Total equity	21,710.46M	21,618.38M	20,823.84M	22,837.76M	22,477.59M
Operating cash flow	3,268.25M	4,632.83M	4,935.41M	2,562.38M	2,041.26M

Valuation Measures

Dec 2022
PER	10.90
ROA	6.40%
ROE	10.91%
Operating margin	10.72%
Profit margin	7.43%

Key executives

Global Chief Executive Officer & Director: Shuichi Ishibashi
Co-Global Chief Operating Officer & Director: Masahiro Higashi
Co-Global COO & Executive Officer: Paolo Ferrari
Global CFO & Senior Managing Executive Officer: Masuo Yoshimatsu
Global Chief Technology Officer: Masato Sakano

Shareholders

Ishibashi Foundation (10.7%)
Nomura Asset Management Co., Ltd. (4.2%)
Bridgestone Corp. (4.1%)
Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.0%)
ISHIBASHI HIROSHI /BRIDGESTONE/ (2.9%)
Nagasaka Sangyo KK (2.2%)
The Vanguard Group, Inc. (2.1%)
Nikko Asset Management Co., Ltd. (2.0%)
Daiwa Asset Management Co. Ltd. (1.9%)
Nippon Life Insurance Co. (1.8%)

Contact Details

Website:http://www.bridgestone.co.jp
Address: Tokyo Square Garden, 20-24/F, 3-1-1 Kyobashi, Tokyo, 104-8340, Japan
Phone: +81.3.6836.3001

Related Companies

Bridgestone Retail Japan Co. Ltd.
Archem, Inc.
Bridgestone Ntec Co. Ltd.
Bridgestone Corp. /Anti-Vibration Rubber Bus/
Bridgestone Restricted Stock Compensation Plan
Bridgestone Mining Solutions Australia Pty Ltd.
NLI Commercial Mortgage Fund II LLC
NLI Commercial Mortgage Fund LLC
Bridgestone Aircraft Tire (China) Co., Ltd.
Groupe Aymes SAS
Transense Technologies Plc / iTrack Solutions Business/
Pension Fund of Bridgestone
Bridgestone Corp. /Unit Bath Business/
Bridgestone China Tires R & D Co. Ltd.
Bridgestone Hispania Manufacturing SLU
NLI US Investments, Inc.
Bridgestone India Automotive Products Pvt Ltd.
Bridgestone Diversified Products Japan Co. Ltd.
Bridgestone Hosepower LLC
PT Bridgestone Engineered Products Indonesia
Bridgestone Plant Engineering (Thailand) Co. Ltd.
Bridgestone Suzhou Co. Ltd.
Bridgestone Treasury Singapore Pte Ltd.
Bridgestone Mechanical Engineering (Changzhou) Co. Ltd.
Bridgestone REI Komposit Sdn. Bhd.
PT Bridgestone Sumatra Rubber Estate
PT Bridgestone Kalimantan Plantation
Bridgestone Tire Sales Vietnam LLC
Bridgestone NCR Co. Ltd.
Changzhou Bridgestone Flowtech Co. Ltd.

Competitors

Goodyear Tire & Rubber Company
Cie Generale des Etablissements Michelin SA
Cheng Shin Rubber Ind. Co., Ltd.
Titan International, Inc.
Triangle Tyre Co., Ltd. Class A
Acushnet Holdings Corp.
Pirelli & C. S.p.A.
Topgolf Callaway Brands Corp.
Monro Inc
Qingdao Sentury Tire Co., Ltd. Class A
Nankang Rubber Tire Corp., Ltd.
Daetwyler Holding AG
Fusheng Precision Co. Ltd.
EnPro Industries, Inc.
Ferreycorp SA
Federal Corp.
Giti Tire Corporation Class A
STR Holdings, Inc.

Last Updated on 30 Mar, 2023