Japan · Delayed Price · Currency is JPY Bridgestone Earnings Call Transcripts
Fiscal Year 2025
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Revenue and profit grew year-on-year in FY2025, driven by cost reductions and business rebuilding, despite U.S. tariff headwinds. FY2026 guidance projects further growth, with increased CapEx and R&D, ongoing share buybacks, and a focus on premium products and global expansion.
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Adjusted operating profit rose 4% year-on-year to JPY 368.4 billion, but net income fell due to one-time rebuilding costs. Full-year profit guidance was revised down amid U.S. economic slowdown, tariffs, and a cyber incident, though premium and aftermarket tire segments showed resilience.
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First half 2025 saw higher operating profit and margin despite lower revenue and net income, driven by cost reductions and premium tire sales. Full-year guidance is unchanged, with U.S. tariff impact revised down and strong performance expected in North America, Europe, and Asia.
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Q1 2025 saw revenue of JPY 1 trillion and adjusted operating profit of JPY 110 billion, with profit in line with plans despite restructuring costs and U.S. tariff risks. Premium tire and cost reduction strategies drove segment gains, while diversified products and Brazil lagged.
Fiscal Year 2024
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Revenue and adjusted operating profit rose in 2024, but net income declined due to restructuring. 2025 will focus on crisis management, premium growth, and cost control, with major plant closures and a strong shareholder return policy.
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Revenue rose year-over-year, but profit declined due to weak North and Latin American performance, offset by strong specialty and premium tire sales. Restructuring and cost reduction efforts continue, with full-year guidance and dividend unchanged.