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Consumer Durables

Bridgestone Corp.

Business Summary

Bridgestone Corp. engages in the manufacture and sale of tires and rubber products. It operates through the following segments: Tires and Diversified Products. 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 2018 JPYUSD
Revenue3,650.11B33,049.78M
Gross Profit1,345.85B12,186.00M
Operating income402,733M3,646.52M
Income before tax427,768M3,873.20M
Net income291,642M2,640.66M
EBITDA607,768M5,503.01M
Diluted EPS387.273.50
Dividends Per Share1601.44
Total Assets3,863.69B35,215.77M
Total liabilities1,427.53B13,011.29M
Total equity2,381.96B21,710.46M
Operating cash flow360,955M3,268.25M
Currency in JPYCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 3,673.96B 3,790.25B 3,337.01B 3,643.42B 3,650.11B
Gross Profit 1,354.96B 1,464.16B 1,333.16B 1,347.21B 1,345.85B
Operating income 478,038M 517,248M 449,550M 419,047M 402,733M
Income before tax 477,753M 478,159M 421,588M 420,422M 427,768M
Net income 300,589M 284,294M 265,551M 288,276M 291,642M
EBITDA 667,615M 721,727M 639,610M 623,984M 607,768M
Diluted EPS 383.39 362.52 338.52 375.01 387.27
Dividends Per Share 100 130 140 150 160
Total Assets 3,960.90B 3,795.84B 3,720.23B 3,959.03B 3,863.69B
Total liabilities 1,814.25B 1,513.83B 1,374.77B 1,556.29B 1,427.53B
Total equity 2,077.63B 2,211.53B 2,286.39B 2,345.77B 2,381.96B
Operating cash flow 428,621M 553,938M 444,535M 418,109M 360,955M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 34,709.15M 31,307.61M 30,710.94M 32,491.81M 33,049.78M
Gross Profit 12,800.76M 12,094.07M 12,269.29M 12,014.32M 12,186.00M
Operating income 4,516.18M 4,272.48M 4,137.25M 3,737.03M 3,646.52M
Income before tax 4,513.49M 3,949.61M 3,879.92M 3,749.29M 3,873.20M
Net income 2,839.76M 2,348.27M 2,443.89M 2,570.82M 2,640.66M
EBITDA 6,307.18M 5,961.49M 5,886.40M 5,564.64M 5,503.01M
Diluted EPS 3.62 2.99 3.11 3.34 3.50
Dividends Per Share 0.94 1.07 1.28 1.33 1.44
Total Assets 33,036.47M 31,554.47M 31,896.39M 35,144.58M 35,215.77M
Total liabilities 15,131.99M 12,584.35M 11,787.00M 13,815.33M 13,011.29M
Total equity 17,328.75M 18,384.28M 19,602.98M 20,823.58M 21,710.46M
Operating cash flow 4,049.32M 4,575.54M 4,091.10M 3,728.66M 3,268.25M

Valuation Measures

Dec 2018
PER10.91
ROA7.45%
ROE12.33%
Operating margin11.03%
Profit margin7.98%

Key executives

  • Chairman & Chief Executive Officer: Masaaki Tsuya
  • President, Chief Operating Officer & Director: Akihiro Eto
  • Chief Technology Officer: Masato Sakano
  • EVP & Chief Quality Management Officer: Shuichi Ishibashi
  • Executive Vice President: Christine Karbowiak

Shareholders

  • Ishibashi Foundation (10.0%)
  • Bridgestone Corp. (7.5%)
  • Nomura Asset Management Co., Ltd. (3.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.8%)
  • ISHIBASHI HIROSHI /BRIDGESTONE/ (2.7%)
  • BlackRock Fund Advisors (2.5%)
  • Nippon Life Insurance Co. (2.3%)
  • Nagasaka Sangyo KK (2.1%)
  • The Vanguard Group, Inc. (2.1%)
  • Daiwa Asset Management Co. Ltd. (1.6%)

Contact Details

Related Companies

  • Pension Fund of Bridgestone
  • Bridgestone Corp. /Unit Bath Business/
  • 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 (Kaiping) Diversified Products 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.
  • Bridgestone Bandag Manufacturing (Thailand) Co. Ltd.
  • Bridgestone (Huizhou) Synthetic Rubber Co. Ltd.
  • Mexico Carbon Manufacturing SA de CV
  • Bridgestone Electro-Materials (Hong Kong) Ltd.
  • Bridgestone Ever Light HK Co. Ltd.
  • Bridgestone Tire Manufacturing C.I.S LLC
  • Bridgestone off-the-Road Tire Latin America SA
  • Bridgestone South Africa (Pty) Ltd.
  • Bridgestone Specialty Tire Manufacturing (Thailand) Co. Ltd.
  • Bridgestone Metalpha (Thailand) Co. Ltd.
  • Bridgestone Automotive Products de Mexico SA de CV
  • Bridgestone Middle East & Africa FZE
  • Bridgestone Tire Manufacturing Vietnam LLC

Competitors

  • Continental AG
  • Compagnie Generale des Etablissements Michelin SCA
  • Goodyear Tire & Rubber Company
  • Cheng Shin Rubber Ind. Co., Ltd.
  • Cooper Tire & Rubber Company
  • Pirelli & C. S.p.A.
  • Yokohama Rubber Co., Ltd.
  • Sumitomo Rubber Industries, Ltd.
  • HANKOOK TIRE & TECHNOLOGY Co., Ltd.
  • Kumho Tire Co., Inc.
  • Toyo Tire Corporation
  • Giti Tire Corporation Class A
  • Apollo Tyres Limited.
  • JK Tyre & Industries Limited
  • Trelleborg AB Class B
  • Nokian Renkaat Oyj
  • Titan International, Inc.
  • Qingdao Doublestar Co., Ltd. Class A
  • Daetwyler Holding AG
  • EnPro Industries, Inc.
  • Nankang Rubber Tire Corp., Ltd.
  • Nordic Waterproofing Holding AS
  • Callaway Golf Company
  • Federal Corp.
  • E. Schnapp Co. Works Ltd.
  • Honma Golf Ltd.
  • PFB Corporation
  • Acushnet Holdings Corp.
  • Ferreycorp SA
  • Darfon Electronics Corp
Last Updated on 9 Dec, 2019

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