Consolidated Financial Statements
for the First Quarter of the Fiscal Year Ending December 31, 2019
May 13, 2019
These financial statements, prepared in accordance with accounting principles generally accepted in Japan, havebeen translated for reference only from the original Japanese-language document "KESSAN TANSHIN". The entire
format is pursuant to the requirements or guidance of Tokyo Stock Exchange. As for the contents, if there are any
differences or discrepancies between the original Japanese-language and the English translation, the original
Japanese-language supersedes this English translation.
Bridgestone CorporationCode number:5108
Representative: Masaaki Tsuya,

Stock exchange listings: Tokyo, Nagoya, Fukuoka
URL:https://www.bridgestone.com/
Chairman of the Board
CEO and Representative Executive Officer
Contact:
Tetsuo Kenmochi, Treasurer, General Manager
Telephone:+81-3-6836-3100
Scheduled date of quarterly securities report submission:
May 14, 2019
Scheduled date of dividend payment commencement:－Supplementary information for the quarterly financial statements to be prepared:
Yes
Meeting to explain for the quarterly financial statements to be held:
Yes(For institutional investors and analysts)(All amounts are rounded down to the nearest million yen)

1. Consolidated Results for the First Quarter of Fiscal 2019 (January 1, 2019 - March 31, 2019)(1) Consolidated Operating Results(Percentage figures represent changes from the same period of previous year)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent

Yen in millions

Three months ended
848,291
March 31, 2019
Three months ended
859,855
March 31, 2018
(Note) Comprehensive Income:%Yen in millions%

Yen in millions%

Yen in millions

%

(1.3)

77,140(22.8)

83,886(9.6)

60,379(4.8)

99,897(3.1)

92,789(4.2)

63,4037.0

0.9

Three months ended March 31, 2019
Three months ended March 31, 2018

Net income
per share
Three months ended
March 31, 2019
Three months ended
March 31, 2018¥76,253million [－%]¥(20,977)million [－%]

Diluted net income
per share
Yen

Yen

81.05

80.92

84.34

84.19

(2) Consolidated Financial Position
Total assets

Ratio of total equity tototal assets

Net assets

Yen in millions

Yen in millions%

As of March 31, 2019

3,833,786

2,374,495

60.4

As of December 31, 2018

3,840,269

2,436,162

61.9

As of March 31, 2019
As of December 31, 2018

¥ 2,317,311 million¥ 2,378,511 million(Reference) Total equity:

2. Dividends
1st quarterend

2nd quarter
end

Yen

Yen

Annual Dividend
3rd quarterend
Yen－80.00－FY 2018－FY 2019
FY 201980.00－(Projection)(Note) Changes from the latest forecasts released: NoYear -end

Total

Yen

Yen

80.00

160.0080.00

160.003. Consolidated Projected Results for Fiscal 2019 (January 1, 2019 - December 31, 2019)(Percentage figures represent changes from the same period of previous year)
Profit attributable toNet income
Operating income
Ordinary income
owners of parentper share

Net sales
Yen in millions%

Yen in millions

First half year
1,740,000 (2.0)
165,000
FY 2019
3,690,000
1.1
410,000(Note) Changes from the latest forecasts released: No%(17.3)

1.8

Yen in millions

165,000
400,000%(13.5)

5.0

Yen in millions%

Yen

130,000
300,000(3.4)
2.9

175.53399.04

* Notes(1) Changes in principal subsidiaries during the three months ended March 31, 2019 : No(Changes in specified subsidiaries involving change in consolidation scope)(2) Application of special accounting treatments for consolidated quarterly financial statements: Yes(3) Changes in accounting policy, changes in accounting estimates, and restatements
1) Changes due to revisions of accounting standards, etc. : Yes
2) Changes in accounting policy other than 1): No3) Changes in accounting estimates: No4) Restatements: No(4) Outstanding number of shares (common stock)
1) Outstanding number of shares at period end (including treasury stock):
March 31, 2019761,536,421 shares
December 31, 2018
761,536,421 shares
2) Number of shares of treasury stock at period end
March 31, 2019
December 31, 2018

26,714,342 shares
9,726,528 shares

3) Average outstanding number of shares (during the first quarter)
First Quarter ended March 31, 2019744,942,213 sharesFirst Quarter ended March 31, 2018751,730,236 shares* Implementation status about the quarterly review
These financial statements are exempt from quarterly review by Certified Public Accountants or Audit Firm.
* Statement regarding appropriate use of forward-looking statements and other notes
The preceding descriptions of projections and plans are “forward-looking statements,” which involve known andunknown risks and uncertainties. These variables could cause the Bridgestone Group’s actual performance andfinancial results to differ substantially from management’s projections and plans, and the statements are notguarantees of future business performance.

Bridgestone Corporation (5108)

First quarter results of fiscal 2019

[Index]Consolidated Financial Statements and Other Information (Notes)…P2(1) Consolidated Balance Sheet…P2(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income…P4Consolidated Statement of Income…P4Consolidated Statement of Comprehensive Income…P5(3) Notes to the Consolidated Financial Statements…P6(Notes regarding going concern assumption)…P6(Notes regarding significant changes in the amount of shareholders’ equity)…P6(Application of special accounting treatments for Consolidated Quarterly Financial Statements)…P6(Changes in accounting policies, Changes in accounting estimates and Restatements)…P61

Bridgestone Corporation (5108)

First quarter results of fiscal 2019

Consolidated Financial Statements and Other Information (Notes)(1) Consolidated Balance Sheet(Yen in millions)
FY 2018

FY 2019 Q1(As of December 31, 2018)(As of March 31,2019)

Cash and deposits

440,378

378,385

Notes and accounts receivable

601,417597,689

Short-term investments

153,853

129,116

Merchandise and finished products

407,608427,223Work in process

37,904

41,726

Raw materials and supplies

171,720

170,544

AssetsCurrent Assets

Other

121,286

126,635

Allowance for doubtful accounts(21,729)(21,701)

1,912,440

1,849,620

Buildings and structures, net

550,399589,687

Machinery, equipment and vehicles, net

491,035

506,459

Total Current Assets
Fixed Assets
Tangible fixed assets

Other, net

426,936424,238

1,468,371

1,520,384

Goodwill

41,38140,046

Other

60,07249,605

Total Intangible fixed assets

101,454

89,651

Investments in securities

219,970

223,496

Other

139,557

151,757

Allowance for doubtful accounts(1,524)(1,122)

Total Investments and Other Assets

358,003374,130

Total Fixed Assets

1,927,829

1,984,166

Total Assets

3,840,269

3,833,786

Total Tangible Fixed Assets
Intangible fixed assets

Investments and other assets

2Bridgestone Corporation (5108)

First quarter results of fiscal 2019

(Yen in millions)
FY 2018

FY 2019 Q1(As of December 31, 2018)(As of March 31,2019)

Notes and accounts payable

233,970

227,378

Short-term borrowings

100,62773,458Commercial paper

20,95578,018Current portion of bonds

70,00070,000

Lease obligations

1,686

11,161

Income taxes payable
Provision for reorganization of R&Dand manufacturing base

15,07325,5084,333－Accounts payable-other

182,204

146,507

Other

258,267

269,392

Total Current Liabilities

887,119

901,424Bonds

150,000

150,000

Long-term borrowings

38,04137,877

Lease obligations
Provision for reorganization of R&D
and manufacturing base

27,182

66,288－2,311

Net defined benefit liability

196,005

194,277

Other

105,759

107,111

Total Long-term Liabilities

516,988557,866

1,404,107

1,459,291

Common stock

126,354

126,354

Capital surplus

121,997

121,997

2,362,736

2,361,137(32,648)(105,237)

2,578,440

2,504,251

108,888

112,155

1,730

2,092

Foreign currency translation adjustments(174,850)(167,932)

Remeasurements of defined benefit plans(135,696)(133,256)

Total Accumulated Other Comprehensive
Income(199,928)(186,940)

Stock Acquisition Rights

3,452

3,332

Non-controlling Interests

54,19853,852

Total Net Assets

2,436,162

2,374,495

Total Liabilities and Net Assets

3,840,269

3,833,786

Liabilities
Current Liabilities

Long-term Liabilities

Total Liabilities
Net Assets
Shareholders' Equity

Retained earnings
Treasury stock-at cost
Total Shareholders’ Equity
Accumulated Other Comprehensive Income
Net unrealized gain(loss) on
available-for-sale securities
Deferred gain(loss) on derivative instruments3

Bridgestone Corporation (5108)

First quarter results of fiscal 2019(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income
First Quarter(Yen in millions)
FY 2018 Q1

FY 2019 Q1(Three months ended
March 31, 2018)(Three months ended
March 31, 2019)

Net Sales

859,855

848,291

Cost of Sales

524,502526,423

Gross Profit

335,353

321,868

Goods freightage expenses

42,01444,659Advertising and promotion expenses

26,647

24,589

Salaries, allowances and bonuses

65,286

66,154Retirement benefit expenses

5,963

4,914

Depreciation

8,644

10,761

Research and development expenses

24,28624,314Other

62,612

69,332

Total Selling, General andAdministrative Expenses

235,455

244,727

Operating Income

99,897

77,140Interest income

1,372

1,332

Dividend income

512

509

Settlement received－4,980

Other

5,460

8,198

Total Non-operating Income

7,345

15,019Interest expense

3,474

2,408

Foreign currency exchange loss

2,848

1,615

Loss on reversal of gain on valuation ofsecurities

3,766－Other

4,363

4,249

Total Non-operating Expenses

14,453

8,273

Ordinary Income

92,78983,886

Income before Income Taxes andNon-controlling Interests

92,78983,886

Income Taxes

26,716

21,338

Income before Non-Controlling Interests

66,07262,547

Profit Attributable to Non-controlling Interests

2,669

2,168

Profit Attributable to Owners of Parent

63,40360,379Selling, General and Administrative Expenses

Non-operating Income

Non-operating Expenses

4

Bridgestone Corporation (5108)

Consolidated Statement of Comprehensive Income
First Quarter

First quarter results of fiscal 2019

(Yen in millions)
FY 2018 Q1

FY 2019 Q1(Three months ended
March 31, 2018)(Three months ended
March 31, 2019)

Income before Non-controlling Interests

66,07262,547(8,895)

3,267

686

(367)

Foreign currency translation adjustments(90,549)

8,171

Remeasurements of defined benefit plans

12,674

2,281

Share of other comprehensive income inaffiliates

(965)

352

(87,050)

13,706(20,977)

76,253(21,194)

73,367217

2,886

Other Comprehensive Income (loss)
Unrealized gain (loss) on available-for-salesecurities
Deferred gain (loss) on derivative
instruments

Total Other Comprehensive Income
Comprehensive Income
Comprehensive income attribute to:
Owners of parent
Non-controlling interests

5Bridgestone Corporation (5108)

First quarter results of fiscal 2019(3) Notes to the Consolidated Financial Statements(Notes regarding going concern assumption)
Not applicable(Notes regarding significant changes in the amount of shareholders' equity)
The company acquired its own shares (17,037,600 shares) based on the resolution at the board of directors held
on February 15, 2019. Due mainly to the acquisition, treasury stock - at cost increased ¥72,589 million comparedwith the end of the previous fiscal year, to ¥105,237 million.

(Application of special accounting treatments for Consolidated Quarterly Financial Statements)
Calculation for income tax expenses
Income tax expenses was calculated based upon an estimated effective tax rate for fiscal 2019.

(Changes in accounting policies, Changes in accounting estimates and Restatements)
Changes in accounting policies(Adoption of ASU2014-09 "Revenue from Contracts with Customers.")
Certain overseas subsidiaries which apply U.S. GAAP adopted ASU2014-09 "Revenue from Contracts withCustomers." (May 28, 2014) from the beginning of fiscal 2019.
Due to the adoption of ASU2014-09, the entity should recognize revenue to depict the transfer of promised goods
or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in
the exchange for those goods or services.
Certain overseas subsidiaries adopted the method by which the cumulative effect of applying this standard wasrecognized at the date of initial application.
The effect of this change on retained earnings at the beginning of fiscal 2019 and operating income, ordinary
income, and income before income taxes and non-controlling interests for the first quarter of fiscal 2019 wasimmaterial.

(Adoption of IFRS16 "Leases")
Certain overseas subsidiaries which apply the International Financial Reporting Standards adopted IFRS16"Leases" (January 13, 2016) from the beginning of fiscal 2019.
IFRS16 "Leases" requires recognition of substantially all lease assets and lease liabilities on the balance sheet.
Certain overseas subsidiaries adopted the method by which the cumulative effect of applying this standard
was recognized at the date of initial application.
As a result, assets increased by ¥49,606 million , Liabilities increased by ¥51,605 million, and retained
earnings decreased by ¥1,998 million at the beginning of fiscal 2019.
The increase in assets was mainly due to the increase in tangible fixed assets, and the increase in liabilities ismainly due to the increase in lease obligations.
The effect of this change on operating income, ordinary income, and income before income taxes andnon-controlling interests for the first quarter of fiscal 2019 was immaterial.

6