Financials Bridgestone Corporation

Equities

5108

JP3830800003

Tires & Rubber Products

Market Closed - Japan Exchange Other stock markets 02:30:00 2025-06-24 EDT			5-day change	1st Jan Change
5,946.00 ^JPY	-0.10%		-1.23%	+11.35%

06-16	Bridgestone Corporation, 2024 Earnings Call, Feb 17, 2025
05-15	Bridgestone Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2025	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	4,367,940	4,478,378	4,575,342
Change	-	8.4%	26.62%	4.96%	2.7%	-1.4%	2.53%	2.17%
EBITDA ¹	331,568	627,247	723,406	787,580	791,377	794,844	898,835	939,357
Change	-	89.18%	15.33%	8.87%	0.48%	0.44%	13.08%	4.51%
EBIT ¹	64,114	376,799	441,298	481,775	443,319	470,431	550,760	583,569
Change	-	487.7%	17.12%	9.17%	-7.98%	6.12%	17.08%	5.96%
Interest Paid ¹	-23,654	-16,219	-41,898	-78,346	-49,802	-26,126	-32,945	-32,078
Earnings before Tax (EBT) ¹	29,266	377,594	423,458	444,154	421,437	386,436	528,187	573,996
Change	-	1,190.21%	12.15%	4.89%	-5.11%	-8.31%	36.68%	8.67%
Net income ¹	-23,301	394,037	300,367	331,305	284,989	264,942	370,985	401,811
Change	-	1,791.07%	-23.77%	10.3%	-13.98%	-7.03%	40.03%	8.31%
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 Q1	2020 Q2	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
Net sales ¹	752,234	603,236	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	1,080,750	1,085,157	1,168,726
Change	-	-19.81%	31.54%	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%	2.14%	0.41%	7.7%
EBITDA	-	43,258	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	-	-	108.14%	-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	42,763	-23,001	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	94,825	123,870	129,645
Change	-	-153.79%	202.97%	-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%	6.83%	30.63%	4.66%
Charge d'intérêts	-9,243	-	-4,366	-	-3,876	-	-3,726	-	-4,532	-	-9,656	-	-10,052	-13,557	-25,970	-	-10,650	-	-18,569	-	-7,041	-	-	-
Earnings before Tax (EBT) ¹	36,464	-47,616	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	76,000	100,500	115,602
Change	-	-230.58%	144.81%	-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%	-11.52%	32.24%	15.03%
Net income ¹	19,474	-41,518	-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	57,262	63,738	78,415
Change	-	-313.2%	95%	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%	-24.55%	11.31%	23.03%
Announcement Date	5/11/20	8/7/20	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	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2023 S1	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	1,639,054	1,568,789	1,677,268	1,886,341	2,101,706	2,176,773	2,253,323	2,142,000	2,335,000
Change	-	-4.29%	6.91%	12.47%	11.42%	3.57%	3.52%	-4.94%	9.01%
EBITDA ¹	-	-	-	-	-	453,106	338,271	404,000	459,000
Change	-	-	-	-	-	-	-25.34%	19.43%	13.61%
EBIT ¹	44,352	169,698	-	173,992	250,620	280,419	162,900	185,500	280,000
Change	-	282.62%	-	-	44.04%	11.89%	-41.91%	13.87%	50.94%
Charge d'intérêts ¹	-	-7,861	-	-9,895	-23,609	-20,209	-29,593	-12,000	-12,000
Earnings before Tax (EBT) ¹	-	169,940	-	180,164	244,477	276,866	144,571	168,000	252,000
Change	-	-	-	-	35.7%	13.25%	-47.78%	16.21%	50%
Net income ¹	-1,257	352,320	-	92,942	182,643	199,082	85,907	106,800	172,000
Change	-	28,128.64%	-	-	96.51%	9%	-56.85%	24.32%	61.05%
Announcement Date	2/16/21	8/10/21	2/15/22	8/10/22	8/9/23	8/9/24	2/17/25	-	-

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	-212,405	-282,568	-272,900
Change	-	-249.12%	188.38%	-191.33%	-44.82%	35.31%	-33.03%	3.42%
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	395,602	406,645	418,103
Change	-	30.56%	21.03%	8.15%	-12.73%	32.18%	2.79%	2.82%
Free Cash Flow (FCF) ¹	371,569	413,239	-69,521	363,714	293,783	228,614	263,271	279,071
Change	-	11.21%	-116.82%	623.17%	-19.23%	-22.18%	15.16%	6%
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%	18.2%	20.07%	20.53%
EBIT Margin (%)	2.14%	11.61%	10.74%	11.17%	10.01%	10.77%	12.3%	12.75%
EBT Margin (%)	0.98%	11.63%	10.3%	10.3%	9.51%	8.85%	11.79%	12.55%
Net margin (%)	-0.78%	12.14%	7.31%	7.68%	6.43%	6.07%	8.28%	8.78%
FCF margin (%)	12.41%	12.73%	-1.69%	8.43%	6.63%	5.23%	5.88%	6.1%
FCF / Net Income (%)	-1,594.65%	104.87%	-23.15%	109.78%	103.09%	86.29%	70.97%	69.45%
Profitability
ROA	0.72%	8.62%	8.88%	8.55%	7.56%	5.34%	7.3%	7.76%
ROE	-1%	16.49%	10.7%	10.5%	8%	7.15%	10.5%	11.11%
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%	9.06%	9.08%	9.14%
CAPEX / EBITDA (%)	60.52%	41.77%	43.83%	43.54%	37.82%	49.77%	45.24%	44.51%
CAPEX / FCF (%)	54.01%	63.4%	-456.12%	94.29%	101.88%	173.04%	154.46%	149.82%
Items per share
Cash flow per share ¹	346.8	915.2	838.3	930.7	924.5	844.3	1,044	988.1
Change	-	163.93%	-8.4%	11.02%	-0.67%	-8.67%	23.6%	-5.32%
Dividend per Share ¹	110	170	175	200	210	227.7	271.7	306.1
Change	-	54.55%	2.94%	14.29%	5%	8.44%	19.33%	12.64%
Book Value Per Share ¹	3,053	3,734	4,334	4,898	5,449	5,477	5,767	6,084
Change	-	22.3%	16.05%	13.03%	11.24%	0.51%	5.3%	5.5%
EPS ¹	-33.09	559.6	432.3	484	416.2	405.5	584.7	656.2
Change	-	1,791.02%	-22.74%	11.96%	-14.01%	-2.57%	44.19%	12.23%
Nbr of stocks (in thousands)	704,118	704,235	692,412	684,617	684,814	677,792	677,792	677,792
Announcement Date	2/16/21	2/15/22	2/16/23	2/16/24	2/17/25	-	-	-