Financials Bridgestone Corporation

Equities

5108

JP3830800003

Tires & Rubber Products

Delayed Japan Exchange Other stock markets 23:02:47 2025-12-16 EST			5-day change	1st Jan Change
7,184.00 ^JPY	-1.09%		-0.61%	+34.53%

12-05	Japan's Nikkei loses ground as investor focus shifts to BOJ, Fed meetings	RE
12-01	Bridgestone Launches Next-Generation Potenza Re-71Rz Extreme Summer Performance Tire for Grassroots Racing	CI

Projected Income Statement: Bridgestone Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	2,994,524	3,246,057	4,110,070	4,313,800	4,430,096	4,385,685	4,535,327	4,696,888
Change	-	8.4%	26.62%	4.96%	2.7%	-1%	3.41%	3.56%
EBITDA ¹	331,568	627,247	723,406	787,580	791,377	787,624	916,829	972,642
Change	-	89.18%	15.33%	8.87%	0.48%	-0.47%	16.4%	6.09%
EBIT ¹	64,114	376,799	441,298	481,775	443,319	439,051	565,040	613,581
Change	-	487.7%	17.12%	9.17%	-7.98%	-0.96%	28.7%	8.59%
Interest Paid ¹	-23,654	-16,219	-41,898	-78,346	-49,802	-29,017	-28,521	-27,563
Earnings before Tax (EBT) ¹	29,266	377,594	423,458	444,154	421,437	388,572	552,872	609,156
Change	-	1,190.21%	12.15%	4.89%	-5.11%	-7.8%	42.28%	10.18%
Net income ¹	-23,301	394,037	300,367	331,305	284,989	274,515	386,311	427,842
Change	-	1,791.07%	-23.77%	10.3%	-13.98%	-3.68%	40.72%	10.75%
Announcement Date	2/16/21	2/15/22	2/16/23	2/16/24	2/17/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	793,471	845,583	756,893	811,896	832,969	844,299	891,011	995,330	1,090,582	1,133,147	1,043,541	1,058,165	1,096,438	1,115,656	1,064,115	1,112,658	1,092,638	1,160,685	1,058,149	1,058,288	1,118,500	1,154,337	1,085,000	1,081,000	1,130,000	1,177,000
Change	-	6.57%	-10.49%	7.27%	2.6%	1.36%	5.53%	11.71%	9.57%	3.9%	-7.91%	1.4%	3.62%	1.75%	-4.62%	4.56%	-1.8%	6.23%	-8.83%	0.01%	5.69%	3.2%	-6.01%	-0.37%	4.53%	4.16%
EBITDA	90,039	88,649	142,365	149,035	160,103	175,744	153,268	154,714	208,794	206,630	199,742	197,553	206,027	184,258	202,814	250,292	185,257	153,014	-	-	-	-	-	-	-	-
Change	-	-1.54%	60.59%	4.69%	7.43%	9.77%	-12.79%	0.94%	34.95%	-1.04%	-3.33%	-1.1%	4.29%	-10.57%	10.07%	23.41%	-25.98%	-17.4%	-	-	-	-	-	-	-	-
EBIT ¹	23,685	20,667	80,910	88,788	96,073	111,028	87,632	86,360	133,237	134,069	127,501	123,119	125,175	105,980	117,755	162,664	96,706	66,194	88,766	75,718	133,700	113,117	125,200	132,000	139,900	150,300
Change	-	-12.74%	291.49%	9.74%	8.2%	15.57%	-21.07%	-1.45%	54.28%	0.62%	-4.9%	-3.44%	1.67%	-15.33%	11.11%	38.14%	-40.55%	-31.55%	34.1%	-14.7%	76.58%	-15.39%	10.68%	5.43%	5.98%	7.43%
Charge d'intérêts	-4,366	-	-3,876	-	-3,726	-	-4,532	-	-9,656	-	-10,052	-13,557	-25,970	-	-10,650	-	-18,569	-	-7,041	-	-11,702	-	-	-	-	-
Earnings before Tax (EBT) ¹	21,339	19,079	81,570	88,370	95,024	112,630	93,109	87,055	124,141	119,153	126,730	117,747	112,588	87,089	120,177	156,689	81,771	62,800	85,898	69,513	120,589	108,937	123,300	129,200	137,900	147,500
Change	-	-10.59%	327.54%	8.34%	7.53%	18.53%	-17.33%	-6.5%	42.6%	-4.02%	6.36%	-7.09%	-4.38%	-22.65%	37.99%	30.38%	-47.81%	-23.2%	36.78%	-19.07%	73.48%	-9.66%	13.18%	4.79%	6.73%	6.96%
Net income ¹	-2,074	817	285,247	67,073	70,528	-28,811	53,836	39,106	95,806	111,619	90,499	92,144	84,089	64,573	86,602	112,480	53,644	32,263	75,890	39,633	88,000	67,407	88,300	92,500	98,900	105,800
Change	-	139.39%	34,813.95%	-76.49%	5.15%	-140.85%	286.86%	-27.36%	144.99%	16.51%	-18.92%	1.82%	-8.74%	-23.21%	34.11%	29.88%	-52.31%	-39.86%	135.22%	-47.78%	122.04%	-23.4%	31%	4.76%	6.92%	6.98%
Announcement Date	11/12/20	2/16/21	5/17/21	8/10/21	11/11/21	2/15/22	5/11/22	8/10/22	11/10/22	2/16/23	5/15/23	8/9/23	11/10/23	2/16/24	5/13/24	8/9/24	11/11/24	2/17/25	5/15/25	8/8/25	11/12/25	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2021 S1	2021 S2	2022 S1	2023 S1	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	1,568,789	1,677,268	1,886,341	2,101,706	2,176,773	2,253,323	2,116,437	2,327,000
Change	-	6.91%	12.47%	11.42%	3.57%	3.52%	-6.07%	9.95%
EBITDA ¹	-	-	-	-	453,106	338,271	340,686	446,000
Change	-	-	-	-	-	-25.34%	0.71%	30.91%
EBIT ¹	169,698	-	173,992	250,620	280,419	162,900	164,484	265,000
Change	-	-	-	44.04%	11.89%	-41.91%	0.97%	61.11%
Charge d'intérêts ¹	-7,861	-	-9,895	-23,609	-20,209	-29,593	-16,958	-10,000
Earnings before Tax (EBT) ¹	169,940	-	180,164	244,477	276,866	144,571	155,411	252,000
Change	-	-	-	35.7%	13.25%	-47.78%	7.5%	62.15%
Net income ¹	352,320	-	92,942	182,643	199,082	85,907	115,523	179,000
Change	-	-	-	96.51%	9%	-56.85%	34.47%	54.95%
Announcement Date	8/10/21	2/15/22	8/10/22	8/9/23	8/9/24	2/17/25	8/8/25	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Bridgestone Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	188,368	-280,894	248,263	-226,738	-328,351	-257,101	-178,998	-227,517
Change	-	-249.12%	188.38%	-191.33%	-44.82%	21.7%	30.38%	-27.11%
Announcement Date	2/16/21	2/15/22	2/16/23	2/16/24	2/17/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Bridgestone Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	200,677	262,000	317,100	342,937	299,292	379,103	393,946	407,246
Change	-	30.56%	21.03%	8.15%	-12.73%	26.67%	3.92%	3.38%
Free Cash Flow (FCF) ¹	371,569	413,239	-69,521	363,714	293,783	206,107	284,472	314,000
Change	-	11.21%	-116.82%	623.17%	-19.23%	-29.84%	38.02%	10.38%
Announcement Date	2/16/21	2/15/22	2/16/23	2/16/24	2/17/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Bridgestone Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	11.07%	19.32%	17.6%	18.26%	17.86%	17.96%	20.22%	20.71%
EBIT Margin (%)	2.14%	11.61%	10.74%	11.17%	10.01%	10.01%	12.46%	13.06%
EBT Margin (%)	0.98%	11.63%	10.3%	10.3%	9.51%	8.86%	12.19%	12.97%
Net margin (%)	-0.78%	12.14%	7.31%	7.68%	6.43%	6.26%	8.52%	9.11%
FCF margin (%)	12.41%	12.73%	-1.69%	8.43%	6.63%	4.7%	6.27%	6.69%
FCF / Net Income (%)	-1,594.65%	104.87%	-23.15%	109.78%	103.09%	75.08%	73.64%	73.39%
Profitability
ROA	0.72%	8.62%	8.88%	8.55%	7.56%	5.24%	7.25%	7.74%
ROE	-1%	16.49%	10.7%	10.5%	8%	7.42%	10.91%	11.92%
Financial Health
Leverage (Debt/EBITDA)	0.57x	-	0.34x	-	-	-	-	-
Debt / Free cash flow	0.51x	-	-3.57x	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.7%	8.07%	7.72%	7.95%	6.76%	8.64%	8.69%	8.67%
CAPEX / EBITDA (%)	60.52%	41.77%	43.83%	43.54%	37.82%	48.13%	42.97%	41.87%
CAPEX / FCF (%)	54.01%	63.4%	-456.12%	94.29%	101.88%	183.93%	138.48%	129.7%
Items per share
Cash flow per share ¹	346.8	915.2	838.3	930.7	924.5	929.3	1,090	1,142
Change	-	163.93%	-8.4%	11.02%	-0.67%	0.52%	17.25%	4.84%
Dividend per Share ¹	110	170	175	200	210	230.7	292.3	336.9
Change	-	54.55%	2.94%	14.29%	5%	9.88%	26.69%	15.24%
Book Value Per Share ¹	3,053	3,734	4,334	4,898	5,449	5,522	5,810	6,114
Change	-	22.3%	16.05%	13.03%	11.24%	1.34%	5.22%	5.22%
EPS ¹	-33.09	559.6	432.3	484	416.2	415	615.6	706
Change	-	1,791.02%	-22.74%	11.96%	-14.01%	-0.28%	48.34%	14.68%
Nbr of stocks (in thousands)	704,118	704,235	692,412	684,617	684,814	640,833	640,833	640,833
Announcement Date	2/16/21	2/15/22	2/16/23	2/16/24	2/17/25	-	-	-