Consolidated Financial Statements
for the First Three Quarters of the Fiscal Year Ending December 31, 2014
November 10, 2014
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:+81-3-6836-3100
Scheduled date of quarterly securities report submission:
November 12, 2014
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 2014 (January 1, 2014 - September 30, 2014)(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, 2014
2,665,106
Nine months ended
September 30, 2013
2,606,056(Note) Comprehensive Income:Ordinary income

Yen in millions%

Yen in millions%

Yen in millions%

2.3

342,468

7.4

339,0489.3

225,670

15.2

17.1

318,92856.1
310,161
Nine months ended September 30, 2014
Nine months ended September 30, 2013

Net income
per share

57.6
195,858
69.0¥220,909 million[(36.3%)]¥347,065 million [146.5%]

Diluted net income
per share
Yen

Yen

288.17287.83250.19249.91

Total assets

Net assets

Nine months ended
September 30, 2014
Nine months ended
September 30, 2013

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

Yen in millions

Yen in millions%

As of September 30, 2014

3,633,680

2,026,593

54.0

As of December 31, 2013
(Reference) Total equity

3,577,045
1,862,963
As of September 30, 2014
As of December 31, 2013

50.5
¥1,962,377 million¥1,805,285 million

2. Dividends
2nd quarter
end

Annual Dividend
3rd quarter
end

Yen

Yen

Yen

Yen

Yen

－
－

27.00
40.00

－
－

30.00

57.00

40.00

80.00

1st quarterend
FY 2013
FY 2014

Year -end

FY 2014(Projection)(Note) Changes from the latest forecasts released: No

Total

3. Consolidated Projected Results for Fiscal 2014 (January 1, 2014 - December 31, 2014)(Percentage figures represent changes from the same period of previous year)
Net income
Operating income
Ordinary income
Net income
per share

Net sales
Yen in millions%

Yen in millions%

Yen in millions%

Yen in millions%

Yen

FY 20143,650,000
2.3
475,000(Note) Changes from the latest forecasts released: No

8.4

454,000

4.4

293,000

45.0

374.16

* Notes(1) Changes in principal subsidiaries during the nine months ended September 30, 2014 : 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): 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):
September 30, 2014
813,102,321 shares
December 31, 2013
813,102,321 shares
2) Number of shares of treasury stock at period end
September 30, 2014
December 31, 2013

29,963,970 shares
30,115,568 shares

3) Average outstanding number of shares (during the first three quarters)
First Three Quarters ended September 30, 2014
783,103,443 sharesFirst Three Quarters ended September 30, 2013
782,829,415 shares* Implementation status about the quarterly review
Although 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 werecompleted 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 2014

[ Index ]1. Qualitative Information for the First Three Quarters of Fiscal 2014

…P2

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

2. Other Information (Notes)…P4(1) Application of special accounting treatments for consolidated quarterly financial statements

3. Consolidated Quarterly Financial Statements

…P4

…P5

(1) Consolidated Balance Sheet…P5(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income…P7

Consolidated Statement of Income…P7

Consolidated Statement of Comprehensive Income…P8(3) Notes to the Consolidated Financial Statements…P9(Notes regarding going concern assumption)…P9(Notes regarding significant changes in the amount of shareholders’ equity)…P9(Segment Information)…P9

1

Bridgestone Corporation (5108)

First three quarters results of fiscal 2014

1. Qualitative Information for the First Three Quarters of Fiscal 2014
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
FY 2014 3Q

FY 2013 3Q(Nine months ended(Nine months ended

September 30, 2014)

September 30, 2013)

Yen in billions

Yen in billions

Yen in billions%

2,665.1

2,606.0

59.0

2Operating income

342.4

318.9

23.5

7

Ordinary income

339.0

310.1

28.8

9

Net income

225.6

195.8

29.8

15

Net sales

Increase(Decrease)

In the first three quarters of fiscal 2014 (January 1 to September 30, 2014), the Companies’ operating
environment was as follows: the domestic economy showed signs of gradual recovery due to the effectiveness of
economic and monetary policies despite a temporary demand fluctuation associated with an increase in
consumption tax rate while the Japanese yen was weakening. The United States economy continues gradual
recovery due to an increase in consumer spending. The European economy has been affected by geopoliticalrisks, although it has shown the signs of recovery. The Asian economic expansion continues to slow down,
particularly in China and India. In addition, economic stagnation continued in Thailand. Overall, recovery by many
overseas economies was continuously weak.
Under these operating conditions, the Companies continued their work to realize the ultimate goal of becoming“a truly global company” and achieving “Dan-Totsu in all aspects of our business.” Stepping up efforts on a global
scale, the Companies were working harder than ever to anticipate market trends and competitors’ movements, aswell as enhance technologies and promote innovation to increase the sales of highly competitive products andservices, and building and enhancing business models to extend beyond the mere sales of products. Moreover,
the Companies were striving to rapidly implement a range of initiatives to increase the sales of strategic products,
strengthen supply capacity, improve manufacturing productivity, effectively utilize management resources, anddevelop eco-friendly products and businesses.
As a result, net sales in the first three quarters of fiscal 2014 were ¥2,665.1 billion, an increase of 2% from thefirst three quarters of fiscal 2013; operating income was ¥342.4 billion, an increase of 7%; ordinary income was¥339.0 billion, an increase of 9%; and net income was ¥225.6 billion, an increase of 15%.

2

Bridgestone Corporation (5108)

First three quarters results of fiscal 2014

2) Segment Information
FY 2014

FY 2013

3Q

3Q
Increase(Nine months ended(Nine months ended

September 30, 2014)

September 30, 2013)(Decrease)

Yen in billions

Yen in billions

Yen in billions%

2,234.7

2,211.6

23.0

1

Operating income

310.5

290.2

20.3

7

Diversified
Products

Net Sales

442.3

405.5

36.8

9

Operating income

31.9

28.6

3.2

12

Consolidated
Results

Net Sales

2,665.1

2,606.0

59.0

2

342.4

318.9

23.5

7

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, due to last-minute demand associated with an increase in consumption tax rate, the unit sales of tires
for passenger cars and light trucks increased steadily and the unit sales of tires for trucks and buses increased
substantially compared to the first three quarters of fiscal 2013. In the Americas, the unit sales of tires forpassenger cars and light trucks in North America increased steadily and the unit sales of tires for trucks and buses
increased strongly compared to the first three quarters of fiscal 2013. In Europe, the unit sales of tires forpassenger cars and light trucks remained unchanged from the first three quarters of fiscal 2013 and the unit salesof tires for trucks and buses increased firmly compared to the first three quarters of fiscal 2013. In Asia Pacific, theunit sales of tires for passenger cars and light trucks remained unchanged from the first three quarters of fiscal
2013 and the unit sales of tires for trucks and buses increased firmly compared to the first three quarters of fiscal
2013. In China, the unit sales of tires for passenger cars and light trucks increased strongly and the unit sales oftires for trucks and buses decreased compared to the first three quarters of fiscal 2013. In the specialty tirebusiness, the sales volume of off-the-road radial tires for construction and mining vehicles decreased compared to
the first three quarters of fiscal 2013 due to the delay in demand recovering caused by tire inventory adjustment inmines.
As a result, net sales and operating income in the tires segment during the first three quarters of fiscal 2014
totaled ¥2,234.7 billion and ¥310.5 billion, an increase of 1% and of 7% from the first three quarters of fiscal 2013,
respectively.
In the diversified products segment, net sales totaled ¥442.3 billion, an increase of 9% from the first threequarters of fiscal 2013, and operating income was ¥31.9 billion, an increase of 12% from the first three quarters offiscal 2013 due to an increase in the profit of BSAM Diversified Products and domestic business.

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

3

Bridgestone Corporation (5108)

First three quarters results of fiscal 2014

(2) Explanation of Consolidated Financial Position
Assets, liabilities, and net assets positions at the end of the first three quarters of fiscal 2014 were as follows.

(Assets)
In assets, while short-term investments decreased ¥48.9 billion, merchandise and finished products and tangible
fixed assets increased ¥43.7 billion and ¥72.7 billion respectively. As a result, assets increased ¥56.6 billion
compared with the end of the previous fiscal year, to ¥3,633.6 billion.

(Liabilities)
In liabilities, while short-term borrowings increased ¥16.6 billion, provision for loss related to US antitrust laws,
accounts payable-other, and accrued pension and liability for retirement benefits decreased ¥44.7 billion, ¥54.0
billion, and ¥32.3 billion respectively. As a result, liabilities decreased ¥106.9 billion compared with the end of theprevious fiscal year, to ¥1,607.0 billion.

(Net assets)
In net assets, cash dividends paid were ¥54.8 billion and net unrealized gain on available-for-sale securities
decreased ¥36.6 billion, while net income was ¥225.6 billion. As a result, net assets increased ¥163.6 billion
compared with the end of the previous fiscal year, to ¥2,026.5 billion.
Consequently, the ratio of total equity to total assets increased 3.5% compared with the end of the previous
fiscal year, to 54.0%.

(3) Explanation of Projections of Consolidated Results
There are no changes in consolidated projections announced on August 8, 2014.

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 2014.

4

Bridgestone Corporation (5108)

First three quarters results of fiscal 2014

3. Consolidated Quarterly Financial Statements(1) Consolidated Balance Sheet(Yen in millions)
FY 2013(As of December 31, 2013)

FY 2014 3Q(As of September 30, 2014)

AssetsCurrent Assets
Cash and deposits

286,558

327,062

Notes and accounts receivable

528,465

510,129

Short-term investments

152,161

103,178

Merchandise and finished products

354,370

398,158

Work in process

37,353

40,115

Raw materials and supplies

165,379

162,422

Other

204,965

198,384

Allowance for doubtful accounts(11,871)(11,697)

1,717,383

1,727,754

Buildings and structures, net

414,442473,755

Machinery, equipment and vehicles, net

454,423

499,350

Other, net

466,193434,664

1,335,060

1,407,770

46,826

66,255Investments in securities

320,954278,204

Other

162,399

159,295

Allowance for doubtful accounts(5,578)(5,600)Total investments and other assets

477,774

431,899

Total Fixed Assets

1,859,661

1,905,925

Total Assets

3,577,045

3,633,680

Total Current Assets
Fixed Assets
Tangible fixed assets

Total tangible fixed assets
Intangible fixed assets
Investments and other assets

5Bridgestone Corporation (5108)

First three quarters results of fiscal 2014

(Yen in millions)
FY 2013(As of December 31, 2013)

FY 2014 3Q(As of September 30, 2014)

Liabilities
Current Liabilities
Notes and accounts payable

188,693

200,478

Short-term borrowings

216,660

233,331

Current portion of bonds

63,794－

Lease obligations

1,093

1,152

Income taxes payable

54,57147,757

Provision for loss related to US antitrust laws

44,790－

Provision for recall

21,132

12,879Provision for plant restructuring in Japan

8,582

2,826

Accounts payable-other170,235

116,159

Other

289,731

294,051

1,059,285

908,637

Bonds

50,000120,000

Long-term borrowings

221,384

225,111

Lease obligations

11,342

11,160Accrued pension and liability for retirement
benefits

236,747

204,422

Other

135,321

137,754

Total Long-term Liabilities

654,795

698,449

1,714,081

1,607,087

Common stock

126,354

126,354

Capital surplus

122,865

123,008

1,597,140

1,767,996

Treasury stock - at cost

(56,644)(56,363)

Total Shareholders’ Equity

1,789,714

1,960,995

200,703

164,068

Deferred gain(loss) on derivative instruments(1,092)(1,745)

Foreign currency translation adjustments(86,177)(62,634)(97,863)(98,306)

15,5701,382

Stock Acquisition Rights

1,621

1,945

Minority Interests

56,05762,269Total Net Assets

1,862,963

2,026,593

Total Liabilities and Net Assets

3,577,045

3,633,680

Total Current Liabilities
Long-term Liabilities

Total Liabilities

Net Assets
Shareholders' Equity

Retained earnings

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

Postretirement liability adjustments forforeign consolidated companies
Total Accumulated Other Comprehensive
Income6

Bridgestone Corporation (5108)

First three quarters results of fiscal 2014

(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income
First Three Quarters(Yen in millions)
FY 2013 3Q(Nine months ended
September 30, 2013)

FY 2014 3Q(Nine months ended
September 30, 2014)

Net Sales

2,606,056

2,665,106

Cost of Sales

1,662,489

1,665,532

Gross Profit

943,567

999,573

110,237

111,046

Selling, General and Administrative Expenses
Goods freightage expenses
Advertising and promotion expenses

79,04186,782

Salaries, allowances and bonuses

166,967

175,274Retirement benefit expenses

14,366

14,049Depreciation

20,432

21,525

Research and development expenses

65,297

67,205Other

168,295

181,222

Total selling, general andadministrative expenses

624,639

657,105

Operating Income

318,928

342,468

Interest income

3,870

3,962

Dividend income

5,601

6,404

Other

13,462

14,928

Total non-operating income

23,11425,294

Interest expense

11,515

11,131

Foreign currency exchange loss

5,174

5,035

Other

15,19012,547

Total non-operating expenses

31,88028,714

Ordinary Income

310,161

339,048

Gain on sales of tangible fixed assets

4,360

5,641

Gain on sales of investment securities

－

5,167

4,360

10,809Plant restructuring costs in Japan

5,226

－

Plant restructuring costs in Europe

4,655

－

Total extraordinary losses

9,881

－

Income before Income Taxes andMinority Interests

304,640

349,858

Income Taxes

99,702

117,141

Income before Minority Interests

204,938

232,716

9,080

7,046

195,858

225,670

Non-operating Income

Non-operating Expenses

Extraordinary Income

Total extraordinary income
Extraordinary Loss

Minority Interests
Net Income

7Bridgestone Corporation (5108)

Consolidated Statement of Comprehensive Income
First Three Quarters

Income before Minority Interests

First three quarters results of fiscal 2014

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

FY 2014 3Q(Nine months ended
September 30, 2014)
232,716

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

56,118(36,640)

386

(451)

85,094

26,434

Postretirement liability adjustment forforeign companies

483

(401)

Share of other comprehensive income inaffiliates

43

(748)

142,126(11,807)347,065

220,909

Shareholders of Bridgestone Corporation

335,909

211,482

Minority Interests

11,155

9,426

Total other comprehensive income
Comprehensive Income
Comprehensive income attribute to:8Bridgestone Corporation (5108)

First three quarters results of fiscal 2014

(3) Notes to the Consolidated Financial Statements(Notes regarding going concern assumption)
Not applicable(Notes regarding significant changes in the amount of shareholders’ equity)
Not applicable(Segment Information)
Information about Sales and Income (Loss) by reportable segment
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.

FY 2014 First Three Quarters (Nine months ended September 30, 2014)
Diversified(Yen in millions)
Adjustments

Tires

Total

Consolidated

Products(Note)Net sales:
External customers－

2,232,042

433,064

2,665,106

2,665,106Inter-segment

2,666

9,332

11,998(11,998)－

Total

2,234,708

442,396

2,677,105(11,998)

2,665,106

310,553

31,900342,45314

342,468

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

9