Bridgestone Corporation (5108)

First three quarters results of fiscal 2013

Consolidated Financial Statements
for the First Three Quarters of the Fiscal Year Ending December 31, 2013
November 7, 2013
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, Nagoya, Fukuoka
Code number:5108
URL:http://www.bridgestone.co.jp
Representative: Masaaki Tsuya, CEO and Representative Board Member Concurrently Chairman of the Board
Contact:
Satoshi Nakamura, Treasurer, General Manager
Telephone:+81-3-3563-6985
Scheduled date of quarterly securities report submission:
November 8, 2013
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 Three Quarters of Fiscal 2013 (January 1, 2013 - September 30, 2013)(Percentage figures represent changes from the same period of previous year)(1) Consolidated Operating Results
Net sales

Operating income

Yen in millions

Nine months ended
September 30, 2013
2,606,056
Nine months ended
September 30, 2012
2,226,321(Note) Comprehensive Income:Ordinary income

Yen in millions%

Yen in millions%

Yen in millions

%

17.1

318,92856.1

310,16157.6

195,858

69.0

(0.4)

204,27442.5
196,784
Nine months ended September 30, 2013
Nine months ended September 30, 2012

Net income
per share

51.5
115,87141.4¥347,065 million(146.5%)¥140,782 million (- %)Diluted net income
per share
Yen

Yen

250.19249.91148.05147.94

Total assets

Net assets

Nine months ended
September 30, 2013
Nine months ended
September 30, 2012

Net income%(2) Consolidated Financial Position
Ratio of total equity tototal assets

Yen in millions

Yen in millions%

As of September 30, 2013

3,331,356

1,729,391

50.3

As of December 31, 2012
(Reference) Total equity

3,039,798
1,417,347
As of September 30, 2013
As of December 31, 2012

45.2
¥1,676,179 million¥1,373,021 million

2. Dividends
2nd quarter
end

Annual Dividend
3rd quarter
end

Yen

Yen

Yen

Yen

Yen

－
－

16.00
27.00

－
－

16.00

32.00

27.00

54.00

1st quarterend
FY 2012FY 2013

Year -end

FY 2013(Projection)(Note) Changes from the latest forecasts released: No

Total

3. Consolidated Projected Results for Fiscal 2012 (January 1, 2013 - December 31, 2013)(Percentage figures represent changes from the same period of previous year)
Net income
Ordinary income
Net income
per share

Net sales
Yen in millions

Operating income%

Yen in millions%

Yen in millions%

Yen in millions%

Yen

FY 20133,590,000
18.1
400,000(Note) Changes from the latest forecasts released: No

39.9

381,000

33.7

246,000

43.4

314.24

Bridgestone Corporation (5108)

First three quarters results of fiscal 2013

* Notes(1) Changes in principal subsidiaries during the nine months ended September 30, 2013 : 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: Yes4) Restatements: No(Note) These are subject to Article 10-2 and 10-5 of “the Ordinance on Terminology, Forms, andPreparation Methods of Quarterly Financial Statements, etc.” For further details, please refer to“Other Information (Notes) (2) Changes in accounting policy, Changes in accounting estimatesand Restatements” on page 5.
(4) Outstanding number of shares (common stock)
1) Outstanding number of shares at period end (including treasury stock):
September 30, 2013
813,102,321 shares
December 31, 2012
813,102,321 shares
2) Number of shares of treasury stock at period end
September 30, 2013
December 31, 2012

30,161,824 shares
30,440,507 shares

3) Average outstanding number of shares (during the first three quarters)
First Three Quarters ended September 30, 2013
782,829,415 sharesFirst Three Quarters ended September 30, 2012
782,661,718 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 not completed
at the time of the disclosure of these financial statements.
* 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
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, and thestatements are not guarantees of future business performance.

Bridgestone Corporation (5108)

First three quarters results of fiscal 2013

[ Index ]1. Qualitative Information for the First Three Quarters of Fiscal 2013

…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…P4

2. Other Information (Notes)…P5(1) Application of special accounting treatments for consolidated quarterly financial statements…P5(2) Changes in accounting policy, Changes in accounting estimates and Restatements…P5

3. Consolidated Quarterly Financial Statements…P6(1) Consolidated Balance Sheet…P6(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income…P8

Consolidated Statement of Income…P8

Consolidated Statement of Comprehensive Income…P9(3) Notes regarding going concern assumption…P10(4) Notes regarding significant changes in the amount of shareholders’ equity…P10(5) Segment Information

…P10

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Bridgestone Corporation (5108)

First three quarters results of fiscal 2013

1. Qualitative Information for the First Three Quarters of Fiscal 2013
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 2013 3Q

FY 2012 3Q(Nine months ended(Nine months ended

September 30, 2013)

September 30, 2012)

Yen in billions

Yen in billions

Yen in billions%

2,606.02,226.3

379.7

17

Operating income

318.9

204.2

114.6

56

Ordinary income

310.1

196.7

113.3

58

Net income

195.8

115.8

79.9

69

Net sales

Increase(Decrease)

In the first three quarters of fiscal 2013 (January 1 to September 30, 2013), the Companies’ operating
environment was as follows. The domestic economy showed signs of recovery with maintaining the correction of
the appreciated Japanese yen. The United States economy has also shown signs of recovery. Although theEuropean economy has shown signs that it had bottomed out, it remained stagnant. The Asian economic
expansion showed signs of a slowdown, particularly in China and India. Overall, recovery by many overseas
economies was continuously weak.
Under these operating conditions, the Companies continued working to realize the ultimate goal of becoming “atruly global company” and achieving “Dan-Totsu in all aspects of our business.” Stepping up our efforts on a
global scale, the Companies were trying to anticipate market trends and competitors’ movements, enhance
technology and promoting innovation to increase the sales of highly competitive products and services, andconstruction and enhancing business models that will extend beyond the mere sales of products. Moreover, theCompanies were striving to rapidly implement a range of initiatives to increase the sales of strategic products,
strengthen supply capacity, improve manufacturing productivity, effectively utilize our management resources,and develop eco-friendly products and businesses.
As a result, net sales in the first three quarters of fiscal 2013 were ¥2,606.0 billion, an increase of 17% from thefirst three quarters of fiscal 2012, operating income was ¥318.9 billion, an increase of 56%, ordinary income was¥310.1 billion, an increase of 58% and net income was ¥195.8 billion, an increase of 69%.

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Bridgestone Corporation (5108)

First three quarters results of fiscal 2013

2) Segment Information
FY 20133Q

FY 2012

3Q
Increase(Nine months ended(Nine months ended

September 30, 2013)

September 30, 2012)(Decrease)

Yen in billions

Yen in billions

Yen in billions%

2,211.6

1,860.3351.3

19Operating income

290.2

185.4

104.7

56

Diversified
Products

Net Sales

405.5

378.9

26.6

7

Operating income

28.6

18.7

9.8

52

Consolidated
Results

Net Sales

2,606.02,226.3

379.7

17

318.9

204.2

114.6

56

Net Sales
Tires

Operating income

In the tires segment, the Companies worked to maximize sales momentum by introducing appealing new
products globally, enhancing strategic products and reinforcing fundamental competencies such as specification
optimization, and responding promptly to demand fluctuation in each region.
In Japan, total unit sales of tires for passenger cars and light trucks remained unchanged from the first threequarters of fiscal 2012 due to a firm increase of the sales of replacement tires while the sales of new vehicle tires
declined. The unit sales of tires for trucks and buses increased firmly due to an increase of the sales of
replacement tires. In the Americas, the unit sales of tires for passenger cars and light trucks in North America
increased steadily compared to the first three quarters of fiscal 2012. The unit sales of tires for trucks and buses
increased strongly compared to the first three quarters of fiscal 2012. In Europe, the unit sales of tires forpassenger cars and light trucks decreased compared to the first three quarters of fiscal 2012. The unit sales oftires for trucks and buses increased strongly due to an increase of the sales of replacement tires. In Asia Pacific,
the unit sales of tires for passenger cars and light trucks increased steadily compared to the first three quarters offiscal 2012. The unit sales of tires for trucks and buses increased substantially compared to the first three quartersof fiscal 2012. In China, the unit sales of tires for passenger cars and light trucks increased substantially, and theunit sales of tires for trucks and buses exceeded sales compared to the first three quarters of fiscal 2012. In thespecialty tire business, the sales volume of off-the-road radial tires for construction and mining vehicles increased
firmly compared to the first three quarters of fiscal 2012.
As a result, net sales and operating income in the tires segment in the first three quarters of fiscal 2013 totaled¥2,211.6 billion and ¥290.2 billion, an increase of 19% and an increase of 56% from the first three quarters of fiscal
2012, respectively.
In the diversified products segment, net sales totaled ¥405.5 billion, an increase of 7% from the first threequarters of fiscal 2012, and operating income was ¥28.6 billion, an increase of 52% from first three quarters offiscal 2012 due to an increase in the profit of domestic business.

(Note) The amounts for segment results include inter-segment transactions that are eliminated in calculating theconsolidated results.

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Bridgestone Corporation (5108)

First three quarters results of fiscal 2013

(2) Qualitative Information on Consolidated Financial Position
Assets, Liabilities, and Net assets positions at the end of the first three quarters of fiscal 2013 were as follows.

(Assets)
In assets, while cash and deposits decreased ¥18.6 billion, merchandise and finished products, tangible assets
and investments in securities each increased ¥42.0 billion, ¥113.5 billion and ¥74.9 billion respectively. As a result,assets increased ¥291.5 billion compared with the end of the previous fiscal year, to ¥3,331.3 billion.

(Liabilities)
In liabilities, while notes and accounts payable and short-term borrowings each increased ¥14.5 billion and¥11.6 billion, accounts payable - other decreased ¥50.3 billion. As a result, liabilities decreased ¥20.4 billion
compared with the end of the previous fiscal year, to ¥1,601.9 billion.

(Net assets)
In net assets, while cash dividends paid were ¥33.6 billion, net income was ¥195.8 billion and net unrealized
gain on available-for-sale securities and foreign currency translation adjustments each increased ¥56.1 billion and¥82.9 billion respectively. As a result, net assets increased ¥312.0 billion compared with the end of the previous
fiscal year, to ¥1,729.3 billion.
Consequently, the ratio of total equity to total assets increased 5.1% compared with the end of the previous
fiscal year, to 50.3%.

(3) Qualitative Information on Projections of Consolidated Results
There are no changes in consolidated projections announced on August 9, 2013.

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Bridgestone Corporation (5108)

First three quarters results of fiscal 2013

2. Other Information (Notes)(1) Application of special accounting treatments for consolidated quarterly financial statements(Calculation for income tax expense)
Income tax expense was calculated based upon an estimated effective tax rate for fiscal 2013.

(2) Additional Information(Changes due to revisions of accounting standards, etc.)
Due to the application of IAS 19 “Employee Benefits” (revised in June 16, 2011) from January 1, 2013, themethod of recognition and presentation of actuarial gains and losses, past service cost and interest costchanged from the first quarter of fiscal 2013 in certain overseas subsidiaries.
Those overseas subsidiaries applied the revision in this policy retrospectively, and the consolidated
quarterly financial statements for the first three quarters of the previous year and the consolidated financial
statements for the previous year changed due to the retrospective application. The effect of thisretrospective application on the consolidated quarterly financial statements for the first three quarters of theprevious year and the consolidated financial statements for the previous year was immaterial.

(Changes in accounting policies which are difficult to distinguish from changes in accounting estimates)
From the first quarter of fiscal 2013, domestic companies changed the depreciation method for tangible
assets acquired on or after January 1, 2013 due to the revision of Corporation Tax Act in Japan. The effect of
this change on the consolidated statement is immaterial.

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Bridgestone Corporation (5108)

First three quarters results of fiscal 2013

3. Consolidated Quarterly Financial Statements(1) Consolidated Balance Sheet(Yen in millions)
FY 2012(As of December 31, 2012)

FY 2013 3Q(As of September 30, 2013)

AssetsCurrent Assets
Cash and deposits

226,162

207,481

Notes and accounts receivable

444,669

479,493

Short-term investments

124,010

126,510Merchandise and finished products

321,012363,108

Work in process

34,52439,897

Raw materials and supplies

165,188

160,717

Other

168,520

186,988

Allowance for doubtful accounts(8,074)(8,596)

1,476,013

1,555,601

Buildings and structures, net

352,194

384,000

Machinery, equipment and vehicles, net

376,232

396,735

Other, net

390,509451,725

1,118,936

1,232,460

34,11840,837

Investments in securities

228,214303,179

Other

187,583

204,751

Allowance for doubtful accounts(5,067)(5,474)

Total investments and other assets

410,730

502,456

Total Fixed Assets

1,563,785

1,775,754

Total

3,039,798

3,331,356

Total Current Assets
Fixed Assets
Tangible assets

Total tangible assets
Intangible assets
Investments and other assets

6Bridgestone Corporation (5108)

First three quarters results of fiscal 2013

(Yen in millions)
FY 2012(As of December 31, 2012)

FY 2013 3Q(As of September 30, 2013)

Liabilities
Current Liabilities
Notes and accounts payable

168,568

183,135

Short-term borrowings

182,821

194,468

Commercial paper

40,435－Current portion of bonds

60,972

68,050864

960

Income taxes payable

55,827

57,831

Accounts payable - other149,543

99,149Other

231,072

269,184

Total Current Liabilities

890,105

872,781

Bonds

63,12150,000Long-term borrowings

262,330

246,862

9,546

10,563

Accrued pension and liability for retirement
benefits

302,794

295,007

Other

94,552

126,749

Total Long-term Liabilities

732,345

729,183

1,622,450

1,601,964

Common stock

126,354

126,354

Capital surplus

122,630

122,8421,428,747

1,590,944

Treasury stock - at cost

(57,247)(56,729)

Total Shareholders’ equity

Lease obligations

Long-term Liabilities

Lease obligations

Total Liabilities

Net Assets
Shareholders' Equity

Retained earnings

1,620,484

1,783,411

Accumulated Other Comprehensive
IncomeNet unrealized gain(loss) on
available-for-sale securities
Deferred gain(loss) on derivative
instruments

133,439

189,562

(948)

(310)

Foreign currency translation adjustments(246,190)(163,204)(133,763)(133,280)(247,462)(107,232)

Stock Acquisition Rights

1,099

1,663

Minority Interests

43,226

51,548

Total Net Assets

1,417,347

1,729,391

Total

3,039,798

3,331,356

Post retirement liability adjustments forforeign consolidated companies
Total accumulated other comprehensive
income7

Bridgestone Corporation (5108)

First three quarters results of fiscal 2013

(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income
First Three Quarters(Yen in millions)
FY 2012 3Q(Nine months ended
September 30, 2012)

FY 2013 3Q(Nine months ended
September 30, 2013)

Net Sales

2,226,321

2,606,056

Cost of Sales

1,479,100

1,662,489

Gross Profit

747,220

943,567

Goods freightage expenses

92,964110,237

Advertising and promotion expenses

63,44579,041

Salaries, allowances and bonuses

143,641

166,967

Retirement benefit expenses

11,944

14,366

Depreciation

17,693

20,432

Research and development expenses

61,85765,297

Other

151,400

168,295

Total selling, general andadministrative expenses

542,945624,639

Operating Income

204,274

318,928

Interest income

2,510

3,870

Dividend income

4,071

5,601

Other

12,435

13,642

Total non-operating income

19,017

23,114

Interest expense

12,862

11,515

Foreign currency exchange loss

2,952

5,174

Other

10,691

15,190Total non-operating expenses

26,50731,880Ordinary Income

196,784

310,161

Gain on sales of fixed assets

－

4,360

Total extraordinary income

－

4,360

Plant restructuring costs in Japan

－

5,226

Plant restructuring costs in Europe

－

4,655

Impairment loss

12,505－

Loss on business withdrawal

2,903

－

Total extraordinary losses

15,408

9,881

Income before Income Taxes andMinority Interests

181,376

304,640

Income Taxes

59,63999,702

Income before Minority Interests

121,737

204,938

5,865

9,080

115,871

195,858

Selling, General and Administrative Expenses

Non-operating Income

Non-operating Expenses

Extraordinary Income

Extraordinary Loss

Minority Interests
Net Income

8Bridgestone Corporation (5108)

Consolidated Statement of Comprehensive Income
First Three Quarters

Income before Minority Interests

First three quarters results of fiscal 2013

(Yen in millions)
FY 2012 3Q(Nine months ended
September 30, 2012)
121,737

FY 2013 3Q(Nine months ended
September 30, 2013)
204,938

Other Comprehensive Income
Unrealized gain on available-for-salesecurities

12,101

56,118Deferred gain on derivative instruments

199

386

Foreign currency translation adjustments

936

85,094

5,320

483

486

43

19,045

142,126

140,782

347,065

135,002335,909

5,780

11,155

Post retirement liability adjustment forforeign companies
Share of other comprehensive income inaffiliates
Total other comprehensive income
Comprehensive Income
Comprehensive income attribute to:Shareholders of Bridgestone Corporation
Minority Interests

9Bridgestone Corporation (5108)

First three quarters results of fiscal 2013

(3) Notes regarding going concern assumption

Not applicable(4) Notes regarding significant changes in the amount of shareholders’ equity

Not applicable(5) Segment Information
Information about Sales and Income (Loss) by reportable segment
FY 2012 First Three Quarters (Nine months ended September 30, 2012)
Diversified(Yen in millions)
Adjustments

Tires

Total

Consolidated

Products(Note)Net sales:
External customers－

1,857,931

368,389

2,226,321

2,226,321

Inter-segment

2,373

10,532

12,905(12,905)－

Total

1,860,305

378,9212,239,226(12,905)2,226,321

185,471

18,787204,25915

204,274

Segment income(Operating income)(Note) Adjustments of segment income refer to elimination of intersegment transactions.

FY 2013 First Three Quarters (Nine months ended September 30, 2013)
Diversified(Yen in millions)
Adjustments

Tires

Total

Consolidated

Products(Note)Net sales:
External customers－

2,209,297

396,759

2,606,056

2,606,056

Inter-segment

2,365

8,774

11,140(11,140)－

Total

2,211,663

405,533

2,617,197(11,140)

2,606,056

290,238

28,603

318,84186

318,928

Segment income(Operating income)(Note) Adjustments of segment income refer to elimination of intersegment transactions.

10