Consolidated Financial Statements
for the First Quarter of the Fiscal Year Ending December 31, 2017
May 11, 2017
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 CorporationCode number:5108
Representative: Masaaki Tsuya,

Stock exchange listings: Tokyo, Nagoya, Fukuoka
URL:http://www.bridgestone.com/
Member of the Board
CEO and Representative Executive Officer
Concurrently Chairman of the Board
Contact:
Naoki Hishinuma, Director Finance Division, Treasurer, General Manager
Telephone:+81-3-6836-3100
Scheduled date of quarterly securities report submission:
May 12, 2017
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 2017 (January 1, 2017 - March 31, 2017)(1) Consolidated Operating Results(Percentage figures represent changes from the same period of previous year)
Profit attributable toOperating income
Ordinary income
owners of parent

Net sales
Yen in millions

Three months ended
851,893
March 31, 2017
Three months ended
825,799
March 31, 2016
(Note) Comprehensive Income:%

Yen in millions%

Yen in millions%

Yen in millions%

3.2

103,060(5.0)

96,889(6.4)

59,2394.4(7.6)

108,457(6.7)

103,494(10.6)

56,742(20.7)

Three months ended March 31, 2017
Three months ended March 31, 2016

Net income
per share
Three months ended
March 31, 2017
Three months ended
March 31, 2016

¥40,310 million [－%](¥43,144) million [－%]

Diluted net income
per share
Yen

Yen

75.80

75.69

72.45

72.35

(2) Consolidated Financial Position
Total assets

Ratio of total equity tototal assets

Net assets

Yen in millions

Yen in millions%

As of March 31, 2017

3,531,021

2,296,223

63.4

As of December 31, 2016

3,716,030(Reference) Total equity:

2,345,899

61.5

As of March 31, 2017
As of December 31, 2016

¥2,240,075 million¥2,283,860 million

2. Dividends
1st quarterend

2nd quarter
end

Yen

Yen

Annual Dividend
3rd quarter
end
Yen

－
70.00
－FY 2016－FY 2017
FY 201770.00－(Projection)(Note) Changes from the latest forecasts released: NoYear -end

Total

Yen

Yen

70.00

140.0070.00

140.003. Consolidated Projected Results for Fiscal 2017 (January 1, 2017 - December 31, 2017)(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%

Yen in millions%

YenFirst half year
1,710,000
3.9
211,000
FY 20173,630,000
8.8
452,000(Note) Changes from the latest forecasts released: No

Yen in millions

%

(3.3)
0.5

204,000
433,000(4.6)
0.1

130,000
280,000

5.4
5.4

166.73359.62

* Notes(1) Changes in principal subsidiaries during the three months ended March 31, 2017 : 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. : No
2) Changes in accounting policy other than 1): Yes3) 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, 2017
813,102,321 shares
December 31, 2016
813,102,321 shares
2) Number of shares of treasury stock at period end
March 31, 2017
December 31, 2016

35,796,131 shares
29,844,837 shares

3) Average outstanding number of shares (during the first quarter)
First Quarter ended March 31, 2017
781,536,518 sharesFirst Quarter ended March 31, 2016
783,230,882 shares* Implementation status about the quarterly review
These financial statements are exempt from quarterly review.
* 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 2017

[Index]1. Qualitative Information for the First Quarter of Fiscal 2017

…P2

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

2. Other Information (Notes)(1) Application of special accounting treatments for consolidated quarterly financial statements…P5(2) Changes in accounting policy, changes in accounting estimates, and restatements…P5…P6

3. Consolidated Quarterly Financial Statements(1) Consolidated Balance Sheet…P6(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income…P8Consolidated Statement of Income…P8Consolidated Statement of Comprehensive Income…P9(3) Notes to the Consolidated Financial Statements…P10(Notes regarding going concern assumption)…P10(Notes regarding significant changes in the amount of shareholders’ equity)…P10(Segment Information)…P101

Bridgestone Corporation (5108)

First quarter results of fiscal 2017

1. Qualitative Information for the First Quarter of Fiscal 2017
The Bridgestone Corporation is referred to as the “Company”, and the Company and its subsidiaries are referred
to as the “Companies”.
(1) Explanation of Consolidated Operating Results
1) Sales and earnings

In the first quarter of fiscal 2017 (January 1 to March 31, 2017), the operating environment surrounding theCompanies was as follows: prices of raw materials had continued to rise rapidly and unclear situation continued
due to uncertainty of the global economy while the Japanese domestic economy continued gradual recovery. TheUnited States economy continued steady recovery. The European economy continued to show gradual recovery
but remained unstable as a result of the United Kingdom leaving the European Union and related issues. In Asia,
the Chinese economic growth had shown the signs of recovery. Overall, overseas economies were gradually
recovering but still weak while the political and economic situation remained unstable. In addition, tire demand formining vehicles increased along with rising commodity prices.
Under these operating conditions, the Companies continued their work to realize the ultimate goal of becoming “atruly global company” and achieving “Dan-Totsu in all aspects of its business.” Stepping up efforts on a global scale,
we focused on promoting brand strategies through sponsorship and support activities for the Olympic andParalympic Games Tokyo 2020. The Companies also expanded sales of highly competitive products and services
in global markets through promoting innovation, while building and enhancing a solutions business that extends
beyond the mere sales of products. Moreover, the Companies continuously strives to implement various measures
for management reform, aimed at reforming governance structure and effectively utilizing management resources
by investing appropriate costs.
As a result, net sales in the first quarter of fiscal 2017 were ¥851.8 billion, an increase of 3% from the first quarterof fiscal 2016; operating income was ¥103.0 billion, a decrease of 5%, ordinary income was ¥96.8 billion, adecrease of 6%, due in part to increasing raw material costs; and profit attributable to owners of parent was ¥59.2
billion, an increase of 4%.

2

Bridgestone Corporation (5108)

First quarter results of fiscal 20172) Segment Information

In the tire segment, the Companies worked to maximize sales momentum by introducing appealing new
products globally, reinforcing fundamental competencies, and responding promptly to demand fluctuation ineach region.
In Japan, the unit sales of tires for passenger cars and light trucks increased steadily, and the unit sales of tires
for trucks and buses increased firmly, compared to the first quarter of fiscal 2016. In the Americas, the unit salesof tires for passenger cars and light trucks in North America remained unchanged from the first quarter of fiscal
2016 and the unit sales of tires for trucks and buses increased strongly compared to the first quarter of fiscal
2016. In Europe, the unit sales of tires for passenger cars and light trucks increased strongly compared to thefirst quarter of fiscal 2016 and the unit sales of tires for trucks and buses exceeded sales of the first quarter offiscal 2016. In China and Asia Pacific, the unit sales of tires for passenger cars and light trucks increased
substantially compared to the first quarter of fiscal 2016 and the unit sales of tires for trucks and buses exceeded
sales of the first quarter of fiscal 2016. In the specialty tire business, sales of large and ultra-large off-the-roadradial tires for construction and mining vehicles increased substantially compared to the first quarter of fiscal
2016.
As a result, net sales in the tires segment during the first quarter of fiscal 2017 were ¥707.9 billion, an increaseof 4% from the first quarter of fiscal 2016; operating income was ¥95.6 billion, a decrease of 5%, due toincreasing raw material costs.
In the diversified products segment, net sales were ¥147.4 billion, a decrease of 2% from the first quarter offiscal 2016; and operating income was ¥7.6 billion, a decrease of 5% due to a decrease in the profit of domesticbusiness.
(Note) The amounts for segment results include inter-segment transactions that are eliminated in calculating theconsolidated results.

3

Bridgestone Corporation (5108)

First quarter results of fiscal 2017(2) Explanation of Consolidated Financial Position
Assets, liabilities, and net assets positions at the end of the first quarter of fiscal 2017 were as follows.

(Assets)
In assets, cash and deposits, and tangible fixed assets decreased ¥133.6 billion and ¥46.1 billion respectively.
As a result, assets decreased ¥185.0 billion compared with the end of the previous fiscal year, to ¥3,531.0 billion.

(Liabilities)
In liabilities, short-term borrowings and accounts payable-other decreased ¥57.1 billion and ¥47.5 billion
respectively. As a result, liabilities decreased ¥135.3 billion compared with the end of the previous fiscal year, to¥1,234.7 billion.

(Net assets)
In net assets, while profit attributable to owners of parent was ¥59.2 billion, cash dividends paid were ¥54.8
billion, a decline due to the acquisition of treasury stock was ¥27.1 billion and foreign currency translation
adjustments decreased ¥35.7 billion. As a result, net assets decreased ¥49.6 billion compared with the end of theprevious fiscal year, to ¥2,296.2 billion.
Due to a decrease of assets by ¥185.0 billion, the ratio of total equity to total assets increased 1.9 points
compared with the end of the previous fiscal year, to 63.4%.

(3) Explanation of Projections of Consolidated Results
There are no changes in consolidated projections announced on February 17, 2017.

4Bridgestone Corporation (5108)

First quarter results of fiscal 2017

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 2017.

(2) Changes in accounting policy, changes in accounting estimates, and restatements
Changes in accounting policy(Application of International Financial Reporting Standards (IFRS) to Foreign Subsidiaries)
BRIDGESTONE EUROPE NV/SA (BSEU) has applied IFRS from the first quarter of fiscal 2017, formerly"Generally Accepted Accounting Principles (US GAAP)". In determining initial application of IFRS in BSEU, theCompany comprehensively evaluates factors including accounting trends and the plan for voluntary application ofIFRS as the Companies.
As BSEU applied the revision in this policy retrospectively and the cumulative effect of the revision was reflectedon the net assets at the beginning of fiscal 2016, the consolidated financial statements for the previous fiscal yearchanged. The main changes were as follows: retained earnings at the beginning of previous fiscal year decreased¥7,280 million and foreign currency translation adjustments increased ¥7,667 million.

5

Bridgestone Corporation (5108)

First quarter results of fiscal 2017

3. Consolidated Quarterly Financial Statements(1) Consolidated Balance Sheet(Yen in millions)6Bridgestone Corporation (5108)

First quarter results of fiscal 2017

(Yen in millions)7

Bridgestone Corporation (5108)

First quarter results of fiscal 2017(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income
First Quarter(Yen in millions)8Bridgestone Corporation (5108)

Consolidated Statement of Comprehensive Income
First Quarter

First quarter results of fiscal 2017

(Yen in millions)9Bridgestone Corporation (5108)

First quarter results of fiscal 2017(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 (5,954,700 shares) based on the resolution at the board of directors held onFebruary 17, 2017. Due mainly to the acquisition, treasury stock - at cost increased ¥27,099 million compared with theend of the previous fiscal year, to ¥83,250 million.

(Segment Information)
Information about Sales and Income (Loss) by reportable segment
FY 2016 First Quarter (Three months ended March 31, 2016)(Yen in millions)(Note) Adjustments of segment income refer to elimination of intersegment transactions.

FY 2017 First Quarter (Three months ended March 31, 2017)(Note) Adjustments of segment income refer to elimination of intersegment transactions.

10(Yen in millions)