Bridgestone Corporation revised consolidated earnings guidance for the fiscal year ending December 31, 2025. For the year, the company expects revenue of JPY 4,360,000 million, profit attributable to owners of parent of JPY 253,000 million and basic earnings per share of JPY 382.49 compared to previous guidance of revenue of JPY 4,330,000 million, profit attributable to owners of parent of JPY 253,000 million and basic earnings per share of JPY 385.24. Reason: Regarding the consolidated financial results forecasts for the fiscal year ending December 31, 2025, which were announced in February 2025, the U.S. economy deteriorated more than expected, and sales of new truck and bus tires in North America decreased significantly.
This has led to a decline in export volume from Brazil to North America, resulting in the Brazilian business deteriorating. Additionally, the U.S. Consumer Confidence Index turned to a deterioration trend from the third quarter, and improvement for the retail business in the U.S. is slowing compared to initial forecasts. In addition to this, business is being impacted by North American cyber incidents.
Considering the impact of these deteriorating business environments on financial results, the Company has decided to revise the financial results forecasts as above. Furthermore, there will be no change to dividend forecasts accompanying this revision of financial results forecast.
