Bridgestone Corporation (5108)

First quarter results of fiscal 2011

Consolidated Financial Statements
for the First Quarter of the Fiscal Year Ending December 31, 2011
May 13, 2011
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, theoriginal Japanese-language supersedes this English translation.
Bridgestone Corporation
Stock exchange listings:Tokyo, Osaka, Nagoya, Fukuoka
Code number:5108
URL:http://www.bridgestone.co.jp
Representative: Shoshi Arakawa, Chairman of the Board, CEO and President
Contact:
Takehisa Kichise, Treasurer, General Manager
Telephone:+81-3-3563-6985
Scheduled date of quarterly securities report submission:
May 13, 2011
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:
No(All amounts are rounded down to the nearest million yen)

1. Consolidated Results for the First Quarter of Fiscal 2011 (January 1, 2011 - March 31, 2011)(Percentage figures represent changes from the same period of previous year)(1) Consolidated Operating Results
Net sales
Three months ended
March 31, 2011
Three months ended
March 31, 2010

Operating income

Ordinary income

Net income

Yen in millions%

Yen in millions%

Yen in millions%

Yen in millions%

704,333

6.9

55,86855.2

56,24780.3

31,32777.6

659,101

16.1

36,009－31,195－

17,638－Net income
per share
Three months ended
March 31, 2011
Three months ended
March 31, 2010

Diluted net income
per share
Yen

Yen

40.03

40.02

22.49

22.49

(2) Consolidated Financial Position
Total assets

Ratio of total equity tototal assets

Net assets

Total equity per share

Yen in millions

Yen in millions%

Yen

As of Mar. 31, 2011

2,748,569

1,238,541

43.7

1,535.73

As of Dec. 31, 2010

2,706,639

1,176,147
As of March 31, 2011
As of December 31, 2010

(Reference) Total equity

42.2¥1,201,960 million¥1,141,128 million

1,458.01

2. Dividends
1st quarterend

2nd quarter
end

Yen

FY 2010
FY 2011

Dividend per share
3rd quarter
Year -end
end

Yen

－
－

10.00

Yen

－

Total

Yen

Yen

10.00

20.00

FY 2011
10.00
－
10.00
20.00
(Projection)(Note) Revision of the projections at the time of the announcement of the first quarter results of fiscal 2011: No

3. Consolidated Projected Results for Fiscal 2011 (January 1, 2011 - December 31, 2011)(Percentage figures represent changes from the same period of previous year)
Net income
Operating income
Ordinary income
Net income
per share

Net sales%

YenFirst half year
1,480,000
6.8
72,000(8.2)
64,000(5.8)
35,000 (21.4)
FY 20113,190,000
11.5
167,000
0.3
151,000
2.1
94,000(5.0)(Note) Revision of the projections at the time of the announcement of the first quarter results of fiscal 2011: Yes

Yen in millions%

Yen in millions%

Yen in millions%

Yen in millions

44.72
120.10

The Company is not revising its consolidated financial projections for the second half of the fiscal year ending December 31, 2011, from its
previous financial projection announced on February 18, 2011. The Company expects to update its full-year consolidated financial projections
for the fiscal year ending December 31, 2011 after reviewing the second half of the fiscal year ending December 31, 2011 by the time theCompany announces consolidated results for the second quarter of the fiscal year ending December 31, 2011.

Bridgestone Corporation (5108)

First quarter results of fiscal 2011

4. Others (Note) For details, refer to “2.Other Information” on page 6.
(1) Changes in significant subsidiaries during the first quarter : No
(Note) Changes in specified subsidiaries involving change in consolidation scope(2) Application of simplified and special accounting treatments : Yes(Note) Application of simplified and special accounting treatments for quarterly consolidated financial
statements(3) Changes in accounting principles, procedures, method of presentation
1) Changes due to revisions of accounting standards, etc. : Yes
2) Changes other than 1): No(Note) Changes in accounting principles, procedures, method of presentation associated with the preparationof the quarterly consolidated financial statements (matters to be included in the section, Changes inbasic important matters for preparation of quarterly consolidated financial statements)(4) Outstanding number of shares (common stock)
1) Outstanding number of shares at term end (including treasury stock):
March 31, 2011
813,102,321 shares
December 31, 2010
813,102,321 shares
2) Number of shares of treasury stock at term end
March 31, 2011
December 31, 2010

30,439,837 shares
30,439,281 shares

3) Average outstanding number of shares (during the first quarter)
First quarter ended March 31, 2011
782,662,772 sharesFirst quarter ended March 31, 2010
784,314,531 shares* Implementation status about the quarterly review
These financial statements are exempt from quarterly review procedures as required by the Financial Instruments
and Exchange Act. A part of quarterly review based on Financial Instruments and Exchange Act were complete at thetime of the disclosure of these financial statements.

* Statement regarding appropriate use of forward-looking statements and other notes
1. Projections of consolidated results for fiscal 2011 announced on February 18, 2011 are revised in thisdocument. The preceding descriptions of projections and plans are “forward-looking statements,” which
involve known and unknown risks and uncertainties. These variables could cause the Bridgestone Group’s
actual performance and financial results to differ substantially from management’s projections and plans. For
details, refer to page 5, “1. Qualitative Information for the First Quarter of Fiscal 2011, (3).Qualitative
Information on Projections of Consolidated Results.”
2. Information about allegations regarding the Bridgestone Corporation (the “Company”) and certain of its
subsidiaries’ alleged cartel activities involvement in the sale of marine hoses and improper monetary payments
is included on page 10, “3. Consolidated Quarterly Financial Statements, (4) Additional Information.”Bridgestone Corporation (5108)

First quarter results of fiscal 2011

[ Index ]1. Qualitative Information for the First Quarter of Fiscal 2011

…P2

(1) Qualitative Information on Consolidated Operating Results…P2(2) Qualitative Information on Consolidated Financial Position…P4(3) Qualitative Information on Projections of Consolidated Results…P5

2. Other information…P6(1) Overview of changes in significant subsidiaries during the first quarter…P6(2) Overview of application of simplified and special accounting treatments…P6(3) Overview of changes in accounting principles, procedures and method of presentation…P6

3. Consolidated Quarterly Financial Statements…P7(1) Consolidated Balance Sheet…P7(2) Consolidated Statements of Income…P9(3) Notes regarding going concern assumption…P10(4) Additional Information…P10(5) Segment Information…P11(6) Notes regarding to significant changes in the amount of shareholders’ equity

…P11

1

Bridgestone Corporation (5108)

First quarter results of fiscal 2011

1. Qualitative Information for the First Quarter of Fiscal 2011
The Bridgestone Corporation is referred to as the “Company,” and the Company and its subsidiaries are referred
to as the “Companies.”(1) Qualitative Information on Consolidated Operating Results
1) Sales and earnings
FY 2011 1Q(Three months ended
March 31, 2011)

FY 2010 1Q(Three months ended
March 31, 2010)

Increase(Decrease)

Yen in billions

Yen in billions

Yen in billions%

Net sales

704.3

659.1

45.2

7

Operating income

55.8

36.0

19.8

55

Ordinary income

56.2

31.1

25.0

80

Net income

31.3

17.6

13.6

78

In the first quarter of fiscal 2011(January 1 to March 31), the Company’s operating environment was plagued byrising raw materials and materials prices and the appreciating Japanese yen. Despite the domestic economy
showing signs of slight recovery, the Great East Japan Earthquake on March 11, 2011, affected companies’
production activities. The United States recovered, and the business climate in Europe showed signs of slightrecovery. In Asia, the rate of recovery continued to accelerate throughout all regions, particularly in China.
Under these operating conditions, the Companies continued working to achieve the goal of becoming theworld’s undisputed No. 1 tire and rubber company both in name and reality. Stepping up their efforts on a global
basis, the Companies focused on increasing sales of highly competitive products, strengthening supply capacity,
improving manufacturing productivity, enhancing technology and effectively utilizing their management resources.
Moreover, within an operating environment that is evolving at an unprecedented speed, including the changing
structures for demand and competition, the Companies have been striving to rapidly implement a range ofinitiatives to enhance their ability to respond quickly to market trends, increase sales of strategic products,
construct and enhance a business model that will extend beyond the mere sale of products, and develope
eco-friendly products and businesses. Additionally, the Companies have implemented price increase to responde
to rising raw materials and material prices. The companies of the Bridgestone group also suffered from the Great
East Japan Earthquake. However, the Group will strive to implement all the initiatives to minimize the impact to
the Companies’ business results and provide the products and the services required for disaster recovery in thedamaged area.
As a result, net sales in the first quarter of fiscal 2011 was ¥704.3 billion, an increase of 7% from the firstquarter of fiscal 2010, Operating income was ¥55.8 billon, an increase of 55%, Ordinary income was ¥56.2 billion,
an increase of 80% and net income was ¥31.3 billion, an increase of 78%.

2

Bridgestone Corporation (5108)

First quarter results of fiscal 2011.
2) Segment Information
FY 2011 1Q(Three months ended
March 31, 2011)

FY 2010 1Q(Three months ended
March 31, 2010)

Increase(Decrease)

Yen in billions

Yen in billions

Yen in billions%

Net Sales

590.7

547.4

43.2

8

Operating income

54.5

33.1

21.4

65

Diversified
Products

Net Sales

117.2

114.0

3.2

3

1.3

2.9

(1.6)

(55)

Consolidated
Results

Net Sales

704.3

659.1

45.2

7

Operating income

55.8

36.0

19.8

55

Tires

Operating income

In the tire segment, the Companies worked to maximize their sales momentum by introducing appealing new
products worldwide, particularly those that have been identified as strategic and important to the Companies’
future growth. The Companies also subsequently revised product prices in response to rising raw materials andmaterials prices.
In Japan, unit sales of replacement tires for passenger cars and light trucks increased over fiscal 2010.
However, from the decline in vehicle production volume due to the Great East Japan Earthquake, unit sales oftires for new vehicles were substantially down from the first quarter of fiscal 2010. The unit sales of tires fortrucks and buses grew significantly because of sales increase in the replacement sector. In the Americas, theunit sales of passenger and light truck tires in North America exceeded the first quarter of fiscal 2010 due tosales increase of tires for new vehicles. There was a great increase from the first quarter of 2010 in unit sales of
UHP (ultra-high-performance) tires and other strategic products in the replacement sector. Unit sales of tires fortrucks and buses grew significantly. In Europe, unit sales of tires for passenger cars and light trucks, increased
over the first quarter of fiscal 2010 due to the growth in the sales of strategic products, led by runflat tires, UHP
tires. Unit sales of tires for trucks and buses grew significantly over the first quarter of fiscal 2010. In the specialty
tire business, unit sales of large and ultralarge off-the-road radial tires for construction and mining vehicles
significantly exceeded those of the first quarter of fiscal 2010. As a result, net sales and operating income in thetire segment in the first quarter of fiscal 2010 totaled ¥590.7 billion and ¥54.5 billon, an increase of 8% and 65%
from the first quarter of fiscal 2010, respectively.
In the diversified products segment, due to the recovery in the construction business in the United States, net
sales totaled ¥117.2 billion, an increase of 3% from the first quarter of fiscal 2010. Operating income was ¥1.3
billion, a decrease of 55% from the first quarter of fiscal 2010, due to decline of profit in domestic business.

(Note１) The amounts for segment results include inter-segment transactions that are eliminated in calculating theconsolidated results.
(Note2) The Companies have two reportable segments: Tires and Divesified products, applied the “AccountingStandard for Disclosures about Segments of an Enterprise and Related information” (ASBJ Statement No. 17 of March 27,2009) and the “Guidance on Accounting Standard for Disclosures about Segments of an Enterprise and Related Information.”(ASBJ Guidance No. 20 of March 21, 2008)3

Bridgestone Corporation (5108)

First quarter results of fiscal 2011(2) Qualitative Information on Consolidated Financial Position
Assets, Liabilities, and Net assets positions at the end of the first quarter of fiscal 2011 were as follows.
(Assets)
In assets, cash and deposits decreased ¥37.0 billion, while merchandise and finished products and raw
materials and supplies increased ¥33.9 billion and ¥35.8 billion, respectively. As a result, assets increased¥41.9 billion compared with the end of the previous fiscal year, to ¥2,748.5 billion.
(Liabilities)
In liabilities, notes and accounts payable, bonds, including current portion of bonds, and long-term
borrwings increased ¥5.3 billion, ¥5.3 billion and ¥21.1 billion, respectively, while short-term borrowings andaccount payable-other decreased ¥25.6 billion and ¥44.7 billion, respectively. As a result, liabilities decreased¥20.4 billion compared with the end of the previous fiscal year, to ¥1,510.0 billion.
(Net assets)
In net assets, dividend payments recorded ¥7.8 billion, but net income was ¥31.3 billion and foreign
currency translation adjustments increased ¥24.2 billion. As a result, net assets increased ¥62.3 billion
compared with the end of the previous fiscal year, to ¥1,238.5 billion.
Consequently, the ratio of total equity to total assets increased 1.5% compared with the end of the previous
fiscal year, to 43.7%.

4

Bridgestone Corporation (5108)

First quarter results of fiscal 2011(3) Qualitative Information on Projections of Consolidated Results(1) Comparison with fiscal 2010
In the first half of fiscal 2011 (January 1 to June 30, 2011), although a moderate recovery has become
apparent, the Companies will likely experience challenging conditions because of the continuing economic
uncertainties, including the potential long-term impact of the Great East Japan Earthquake and high prices of raw
materials and materials. In addition, the Group is expected to face rapid changes in the structure of demand andcompetition worldwide.
Amid such a business environment, management predicts that, in Japan, unit sales of tires for passenger cars andlight trucks will decrease in comparison to the first half of 2010 due to the decline in the unit sales for new vehicles.
However the unit sales of truck and bus tires will increase over the first half of last year due to the growth in unit sales
for replacement tires. In the Americas, unit sales of tires for passenger cars and light trucks will be similar to the firsthalf of last year while unit sales of truck and bus tires will increase over the first half of the last year. In Europe, unit
sales of tires for passenger cars and light trucks will be similar to the first half of last year while unit sales of truck andbus tires will increase over the first half of 2010.
In the diversified products segment, sales of the construction business in the United States will increase overthe first half of last year while sales in the domestic diversified business are forecasted to decrease incomparison to the first half of 2010.
The Companies’ projections of overall results are as follows.
First half of FY 2011 projectionsFirst half of FY 2011
Projections(Revised)(Six months ended
June 30, 2011)

First half of FY 2010
Results

Yen in billions

Yen in billions

Yen in billions%

1,480.0

1,385.9

94.0

7

Operating income

72.0

78.4

(6.4)

(8)

Ordinary income

64.0

67.9

(3.9)

(6)

Net income

35.0

44.5

(9.5)

(21)

Net sales

Exchange
Rate(Six months ended
June 30, 2010)

Increase(Decrease)

Yen

Yen

%

yen/dollar

83

91

(9)

yen/euro

114

121

―

(6)

(2) Revision of the projections
Based on recent performance trends, the company’s results through the first quarter and its assessment of the
global economy for the remainder of the year, the Company today announced revisions to its consolidated
financial projections for the fiscal year ending December 31, 2011 (the projections were previously announced on
February 18, 2011).
Accordingly, the Company revises its full-year consolidated financial projections for the fiscal year ending
December 31, 2011 that reflects only the revisions to financial projections for the first half of fiscal year ending
December 31, 2011. Meanwhile, the Company is not revising its consolidated financial projections for the second
half of the fiscal year ending December 31, 2011, from its previous financial projection announced on February
18, 2011.
The Company expects to update its full-year consolidated financial projections for the fiscal year ending
December 31, 2011 after reviewing the second half of the fiscal year ending December 31, 2011 by the time theCompany announces consolidated results for the second quarter of the fiscal year ending December 31, 2011.
For details, refer to “Bridgestone Corporation Announces Revised Financial Projections for Fiscal 2011”
released on May 13, 2011.
Forward-Looking Statements
The preceding descriptions of projections and plans are “forward-looking statements,” which involve known
and unknown risks and uncertainties. Those variables could cause the Companies’ actual performance andresults to differ substantially from management’s projections and plans.

5

Bridgestone Corporation (5108)

First quarter results of fiscal 2011

2. Other Information(1) Overview of changes in significant subsidiaries during the first quarter
Not applicable(2) Overview of application of simplified and special accounting treatments
1) Simplified treatment(Calculation for depreciation of tangible fixed assets)
Mainly, based on a plan that takes account of the acquisition, sale and removal of fixed assets during the
fiscal year, the scheduled amount of depreciation on a consolidated basis for the fiscal year was
allocated.
2) Special treatment(Calculation for income tax expense)
Income tax expense (including its deferral recognition in the same line) was calculated based upon an
estimated effective tax rate for fiscal 2011.
(3) Overview of changes in accounting principles, procedures and method of presentation

Adoption of the “Accounting Standard for Asset Retirement Obligations”
Starting from the first quarter of fiscal 2011, the companies adopt the “Accounting Standard for Asset
Retirement Obligations” (ASBJ Statement No. 18 of March 31, 2008) and the “Guidance on AccountingStandard for Asset Retirement Obligations” (ASBJ Guidance No.21 of March 31, 2008). Although the impactof this adoption on operating income and ordinary income is not material, 2,471 million yen of loss on
adjustment for changes of accounting standard for asset retirement obligations is recorded to extraordinaryloss.

Adoption of the “Accounting Standard for Equity Method of Accounting for Investments” and“Practical Solution on Unification of Accounting Policies Applied to Associates Accounted for Using
the Equity Method”
Starting from the first quarter of fiscal 2011, the companies adopt the “Accounting Standard for Equity
Method of Accounting for Investments” (ASBJ Statement No.16 of March 10, 2008), and the “Practical
Solution on Unification of Accoumting Policies Applied to Associates Accounted for Using the Equity Method”(ASBJ Practical Issues Task Force No.24, March 10, 2008). There is no impact on gain or loss during theperiod as a result of this adoption.

6

Bridgestone Corporation (5108)

First quarter results of fiscal 2011

3. Consolidated Quarterly Financial Statements(1) Consolidated Balance Sheet(Yen in millions)
FY 2011 1Q(As of March 31, 2011)

FY 2010(As of December 31,2010)
Summary

AssetsCurrent Assets
Cash and deposits

148,332

185,334

Notes and accounts receivable

423,498

426,935

Short-term investments

80,356113,228

Merchandise and finished products

287,905

253,908

Work in process

37,62331,362

Raw materials and supplies

178,151

142,314

Other

141,220

133,768

Allowance for doubtful accounts(9,954)(9,884)

1,287,135

1,276,968

Buildings and structures, net

346,585

341,190

Machinery, equipment and vehicles, net

380,979

378,430

Other, net

290,825

287,003

1,018,390

1,006,624

31,50731,061

Investments in securities

233,012217,340

Other

179,836

176,232

Allowance for doubtful accounts(1,313)(1,588)

Total investments and other assets

411,535

391,984

Total Fixed Assets

1,461,433

1,429,671

Total

2,748,569

2,706,639

Total Current Assets
Fixed Assets
Tangible assets

Total tangible assets
Intangible assets
Investments and other assets

7

Bridgestone Corporation (5108)

First quarter results of fiscal 2011

(Yen in millions)
FY 2011 1Q(As of March 31, 2011)

FY 2010(As of December 31,2010)
Summary

Liabilities
Current Liabilities
Notes and accounts payable

193,478

188,150

Short-term borrowings

271,486

297,176

Commercial paper

22,51420,608Current portion of bonds

30,356

21,108

Lease obligations

1,065

1,035

Income taxes payable

18,455

15,113

Accounts payable-other94,568139,333

Other

211,729

194,527

Total Current Liabilities

843,655

877,052

Bonds

122,103125,975

Long-term borrowings

212,495

191,373

6,417

5,888

Accrued pension and liability for retirement
benefits

224,518

237,194

Other

100,837

93,009Total Long-term Liabilities

666,372

653,440

1,510,028

1,530,492

Common stock

126,354

126,354

Capital surplus

122,629

122,629

1,134,641

1,111,588(57,246)(57,245)

Long-term Liabilities

Lease obligations

Total Liabilities

Net Assets
Shareholders' equity

Retained earnings
Treasury stock-at cost

1,326,378

1,303,326

Net unrealized gain(loss) andtranslation adjustments
Net unrealized gain on
available-for-sale securities
Deferred gain(loss) on derivative
instruments

Total Shareholders’ equity

126,183

112,064

(790)

(235)

Foreign currency translation adjustments(249,810)(274,026)

Total Net unrealized gain(loss) andtranslation adjustments(124,418)(162,197)

514

514

Minority Interests

36,06634,503

Total Net Assets

1,238,541

1,176,147

Total

2,748,569

2,706,639

Stock acquisition rights

8

Bridgestone Corporation (5108)(2) Consolidated Statements of Income
First Quarter

First quarter results of fiscal 2011

(Yen in millions)
FY 2010 1Q(Three months ended
March 31, 2010)

FY 2011 1Q(Three months ended
March 31, 2011)

Net Sales

659,101

704,333

Cost of Sales

438,466

472,291

Gross profit

220,634

232,042

Goods freightage expenses

27,651

31,883Advertising and promotion expenses

21,707

18,557

Salaries, allowances and bonuses

47,25245,866Retirement benefit expenses

4,353

3,778

Depreciation

6,028

5,929

Research and development expenses

20,40420,020Other

57,22850,136

Total selling, general and administrative
expenses

184,625

176,173

Operating income

36,00955,868Interest income

686

1,092

Dividend income

85

118

Foreign currency exchange gain

1,462

1,861

Other

4,194

4,000

Total non-operating income

6,428

7,073

Interest expense

5,113

4,225

Other

6,129

2,469

Total non-operating expenses

11,242

6,695

Ordinary income

31,19556,247

Loss on adjustment for changes ofaccounting standard for asset retirement
obligations

－

2,471

Loss on disaster

－

2,261

Total extraordinary losses

Selling, General and Administrative Expenses

Non-operating Income

Non-operating expenses

Extraordinary loss

－

4,732

Income before income taxes and minority
interests

31,19551,514

Income taxes

11,817

18,124－33,390Minority interests

1,739

2,062

Net income

17,63831,327

Income before minority interests

9Bridgestone Corporation (5108)

First quarter results of fiscal 2011

(3) Notes regarding going concern assumption
Not applicable(4) Additional Information
Information about Bridgestone Corporation and certain of its subsidiaries’ alleged cartel activities regarding
the sale of marine hoses and improper monetary payments
Since May 2007, the U.S. Department of Justice, the European Commission, the Fair Trade Commission ofJapan, and other authorities have been investigating the Company and certain of its subsidiaries in connection
with alleged international cartel activities regarding the sale of marine hoses. In February 2008, the Company
received orders from the Fair Trade Commission of Japan. The orders, which directed the Company to ceaseand desist from violating the Antimonopoly Act and to pay surcharges for violating the Act, were finalized.
Moreover, in January 2009, the Company was notified by the European Commission of its decision to impose
a fine of €58.5 million for alleged involvement in an international cartel related to the sale of marine hoses.
After careful consideration, the Company has determined that bringing the course of proceedings to an end
and subsequently focusing on the reinforcement of its compliance system and the promotion of preventive
measures are the appropriate actions to take. Therefore, the Company decided not to appeal to the Court ofFirst Instance of European Commission and has paid the imposed fine. Regarding this matter, the Company
has recorded ¥7,485 million as an expense related to the European Commission fine in the fiscal year ended
December 31, 2008. In regard to the class action lawsuit brought in the United States in connection with themarine hose cartel, a final approval of proposed settlements was granted by the Court. Further, the Company
has handled other individual civil claims in an appropriate manner. The investigation by the U.S. Department ofJustice is continuing. In the future, there is a possibility that fines will be imposed by the U.S. Department ofJustice, but at this point, there are a number of uncertain factors regarding the calculation of a specific reserve,
and as a result expenses have not been recorded. Proceedings in the other countries which have investigatedhave already been finalized.
Further, aside from the above-mentioned issue, the Company uncovered the fact that there have been
incidents of improper monetary payments to foreign agents, a part of which may have been provided to foreign
governmental officials, and other possible forms of improper payments. The Company has been able toconfirm that inappropriate payments have been identified in connection with the sale of marine hoses andother industrial products. The Company has reported the findings of its internal inquiries to the Japanese
Public Prosecutors Office and the U.S. Department of Justice. The impact that these incidents may have on
financial results is unclear at this time.

10

Bridgestone Corporation (5108)

First quarter results of fiscal 2011(5) Segment Information
1. Overview of reporting segments
The Company’s reportable segments are components of the Company whose separate financial information is
obtainable, and the Board of Direcors and the Mangement Committee regurarly consider these segments in orderto decide the allocation of business resources and evaluate business performance.
The Company’s reporting segments consist mainly of Tire business including the production and sale of tires
and tubes, sale of wheels and accessories, the production and sale of retread material and services, auto
maintenance, and Diversified products business including the production and sale of chemical products, industrial
products, sporting goods, bicycles,etc.
Thus, the Company has two reportable segments: Tires and Divesified products.

FY 2011 First Quarter (Three months ended March 31, 2011)(Yen in millions)

Diversified
Products

Tires

Adjustments(note)

Total

Consolidated

Net sales:
External customers－

590,091

114,242704,333

Inter-segment

670

3,045

3,715

(3,715)

Total

590,762

117,287

708,049(3,715)704,333

54,565

1,321

55,886(17)55,868Segment income(Operating income)

704,333－(Note) Adjustments of segment income refer to elimination of intersegment transactions.

Additional Information

Starting from the first quarter of fiscal 2011, the companies adopt the “Accounting Standard for Disclosures about
Segments of an Enterprise and Related information” (ASBJ Statement No. 17 of March 27, 2009) and the “Guidance on
Accounting Standard for Disclosures about Segments of an Enterprise and Related Information.” (ASBJ Guidance No.
20 of March 21, 2008)(Reference)

Information by business segment
FY 2010 First Quarter (Three months ended March 31, 2010)(Yen in millions)

Diversified
Products

Tires

Elimination or
Corporate

Total

Consolidated

Net sales:
External customers－

547,075

112,025

659,101

Inter-segment

407

2,022

2,429

(2,429)

Total

547,483

114,047

661,531(2,429)659,101

33,1182,950

36,069(59)

36,009Operating income
Notes:

659,101

1 Business segment classifications are those used in internal administration.
2 The major products and business of each business segment are as follows:
Tires: Tires and tubes, wheels and accessories, retread material and services, auto maintenance, etc.
Diversified products: Chemical products, industrial products, sporting goods, bicycles, etc.

(6) Notes regarding to significant changes in the amount of shareholders’ equity
Not applicable11－