Financial Resultsfor 1st Quarter of Fiscal 2017

Bridgestone CorporationMay 11, 2017

Contents

1. Business and Financial Performancefor 1st Quarter of Fiscal 2017

P. 3

2. Consolidated Projectionsfor 1st Half of Fiscal 2017

P. 8Copyright © 2017 Bridgestone Corporation | May 11, 20172

１． Business and Financial Performancefor 1st Quarter of Fiscal 2017

Business Environment Surrounding Bridgestone Group◆ Estimated Tire Demand◆ Currency Exchange

Tire Demand for 2017 1st Quarter : Original Equipment (VS PY) *1(Yen)

Passenger
Radial Tires

Truck and Bus
Radial Tires

Japan

105％

101％

N. America

98％

86％

Europe102％110％

2016

2017

Q1Q2

Q3

Q4

Q1US Dollar

115

108

102

109114Euro

127

122114

117

121◆ Raw Materials
Tire Demand for 2017 1st Quarter : Replacement (VS PY) *1Passenger
Radial Tires

Market trend of natural rubber and crude oil (Average)

Truck and Bus
Radial Tires

Japan

104％

103％

N. America

102％

115％

Europe

104％

115％

2016

2017

Q1

Q2

Q3

Q4

Q1

Natural Rubber<TSR20>*2(￠/kg)

115

137

131

166

208

Natural Rubber<RSS#3>*2(￠/kg)

131

165

167

192

253

33

45

4449

51Crude Oil<WTI>(＄/ｂｂl)*1 The numbers of demand are estimated by Bridgestone Corporation*2 Source: Singapore Commodity Exchange Limited
Copyright © 2017 Bridgestone Corporation | May 11, 20174

Consolidated Results for 1st Quarter of Fiscal 2017
Yen/US dollar rate:

115

114

(1)

110

110

Yen/Euro rate:

127

121

(6)

114

114

2016
1st Quarter
Results

2017
1st Quarter
Results

Net Sales

825.7

Tires
Diversified
Products(Yen in billions)（Ref. Feb 17, 2017 announcement）

vs PY(％)

2017 1st HalfProjections

2017 FY
Projections

851.8

+3

1,710.0

3,630.0

679.7

707.9

+4

1,420.0

3,040.0

149.6

147.4

(2)

290.0

600.0

108.4

103.0

(5)

211.0

452.0（Ratio） 13.1%（Ratio） 12.1%（Ratio） (1.0pt)（Ratio） 12.3%(Ratio) 12.5%

Tires

100.4

95.6(5)

196.0

417.0

DiversifiedProducts

8.0

7.6(5)

15.0

35.0

Ordinary Income

103.4

96.8(6)

204.0

433.0

Profit Attributable toOwners of Parent

56.7

59.2

+4

130.0

280.0

Operating IncomeNote: Figures within parentheses mean minus

Copyright © 2017 Bridgestone Corporation | May 11, 20175

Analysis of Consolidated Operating Income for 1st Quarter of Fiscal 2017
(Yen in billions)
120

110

Exchange rate
Sensitivity (full year)100

USD：3.6bil. Yen
EUR：0.5bil. Yen

9080

108.4

Raw
Materials(19.0)

ForeignExch. Loss(6.0)

SGA
(1.0)

Depreciation(1.0)

Price, Mix,
Volume etc.
+21.7

103.0

7060502016 1st Quarter
Operating Income(5.3)

2017 1st Quarter
Operating Income

Note: Figures within parentheses mean minus
Copyright © 2017 Bridgestone Corporation | May 11, 20176

Financial Results for 1st Quarter of Fiscal 2017 : Geographic Segments
2016
1st Quarter
Results

2017
1st Quarter
Results

Japan

260.4

256.2

(2)

The Americas

409.5

416.5

+2

EMEA*

121.6

134.5

N/A*

China, Asia Pacific*

154.9

158.0

N/A*

Consolidated
Net Sales

825.7

851.8+3Japan

34.8

33.0(5)The Americas

45.8

46.0+1

EMEA*

8.4

4.9

N/A*

China, Asia Pacific*

15.4

20.3

N/A*

Consolidated
Operating Income

108.4

103.0(5)(Yen in billions)

vs PY
(％)

* At the beginning of fiscal year 2017, “Russia” formerly included in the “Other regions” segment
was transferred to the “EMEA” segment as the result of the restructuring of the tire business SBUs.
Note: Figures within parentheses mean minus
Copyright © 2017 Bridgestone Corporation | May 11, 20177２． Consolidated Projectionsfor 1st Half of Fiscal 2017

Forecast of Business Environment Surrounding Bridgestone Group◆ Estimated Tire Demand◆ Currency Exchange

Tire Demand for 2017 1st Half : Original Equipment (VS PY) *1(Yen)

Passenger
Radial Tires

Truck and Bus
Radial Tires

Japan

107％

101％

N. America

96％

88％

Europe

98％

98％

2016

2017

（Ref. Feb 17,2017announcement）
2017 1st HalfProjections

1stHalf

2ndHalf

FullYear

1stHalf

US Dollar

111

106

109

111

110

Euro124116

120116114◆ Raw Materials
Tire Demand for 2017 1st Half : Replacement (VS PY) *1
Passenger
Radial Tires

Truck and Bus
Radial Tires

Japan102％

112％

N. America

103％

103％

Europe

103％

107％

**

*1: The numbers of demand are estimated by Bridgestone Corporation*2 Source: Singapore Commodity Exchange Limited
Copyright © 2017 Bridgestone Corporation | May 11, 2017

9Highlights
1st Quarter Actual

1st Half Forecast(”projection”; released at Feb. 17th)- Stronger yen vs projection in Q2

Currency
Exchange ”FX”

- Stronger Japanese yen than PY
Q1; 1USD=114yen, 1EUR=121yen

Q2; 1USD=108yen, 1EUR=112yen
1H; 1USD=111yen, 1EUR=116yen

Tire sales
volume- Increased from PY in PSR, TBR,
Ultra-large/Large ORR- In line with projection in PSR and TBR- Higher than projection in Ultra-large and Large
ORR

Selling Price/Raw Material

Raising selling prices to recover from higher raw material costs,
but “Price vs Raw Material” expected to be negative due to time gap in 1H.

Consolidated
FinancialResults-Operating income exc. FX:Same level as PY-Raw material costs up offset bySales volume increase and Cost
improvement- Unchanged from Feb. Projection;
Net sales; higher vs PY,
OP exc. FX; same level as PY”

Copyright © 2017 Bridgestone Corporation | May 11, 201710

Statements made in this presentation with respect to Bridgestone's current plans, estimates, strategies andbeliefs and other statements that are not historical facts are forward-looking statements about the future
performance of Bridgestone. Forward-looking statements include, but are not limited to, those statements using
words such as "believe," "expect," "plans," "strategy," "prospects," "forecast," "estimate," "project," "anticipate,""may" or "might" and words of similar meaning in connection with a discussion of future operations, financial
performance, events or conditions. From time to time, oral or written forward-looking statements may also beincluded in other materials released to the public. These statements are based on management's assumptions
and beliefs in light of the information currently available to it. Bridgestone cautions you that a number ofimportant risks and uncertainties could cause actual results to differ materially from those discussed in theforward-looking statements, and therefore you should not place undue reliance on them. You also should not
rely on any obligation of Bridgestone to update or revise any forward-looking statements, whether as a result ofnew information, future events or otherwise. Bridgestone disclaims any such obligation.
Copyright © 2017 Bridgestone Corporation | May 11, 2017