Consolidated Financial Statements
for the First Quarter of the Fiscal Year Ending December 31, 2013
May 8, 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, Osaka, 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:
May 10, 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 Quarter of Fiscal 2013 (January 1, 2013 - March 31, 2013)(Percentage figures represent changes from the same period of previous year)(1) Consolidated Operating Results
Net sales

Operating income

Yen in millions

Three months ended
March 31, 2013
794,583
Three months ended
March 31, 2012
726,245(Note) Comprehensive Income:Net income%

Yen in millions%

Yen in millions%

Yen in millions%

9.4

74,451

18.1

70,14913.6

43,111

2.2

3.1

Net income
per share
Three months ended
March 31, 2013
Three months ended
March 31, 2012

Ordinary income

63,016
12.8
61,7399.8
42,203
34.7
Three months ended March 31, 2013
¥152,151 million (7.5 %)Three months ended March 31, 2012
¥141,547 million (97.6%)
Diluted net income
per share

Yen

Yen

55.08

55.03

53.92

53.90

(2) Consolidated Financial Position
Total assets

Ratio of total equity tototal assets

Net assets

Yen in millions

Yen in millions%

As of Mar. 31, 2013

3,232,436

1,555,187

46.5

As of Dec. 31, 2012
(Reference) Total equity

3,039,798

1,417,347
As of March 31, 2013
As of December 31, 2012

45.2
¥1,504,693 million¥1,373,021 million

2. Dividends
2nd quarter
end

Annual Dividend
3rd quarter
end

Yen

Yen

Yen

Yen

Yen

－
－

16.00

－

16.00

32.00

－

27.00

54.00

1st quarterend
FY 2012FY 2013

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

Year -endTotal

3. Consolidated Projected Results for Fiscal 2013 (January 1, 2013 - December 31, 2013)(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%

YenFirst half year
1,690,000
13.5
182,000
FY 20133,550,000
16.8
382,000(Note) Changes from the latest forecasts released: No

Yen in millions

%

36.0
33.6

170,000
365,000

31.8
28.1

105,000
235,000

39.5
36.9

134.13300.19

* Notes(1) Changes in principal subsidiaries during the three months ended March 31, 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 policies, changes in accounting estimates, and restatements
1) Changes due to revisions of accounting policies, etc.
: Yes2) Changes in policies 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):
March 31, 2013
813,102,321 shares
December 31, 2012
813,102,321 shares
2) Number of shares of treasury stock at period end
March 31, 2013
December 31, 2012

30,269,583 shares
30,440,507 shares

3) Average outstanding number of shares (during the first quarter)
First Quarter ended March 31, 2013
782,715,140 sharesFirst Quarter ended March 31, 2012
782,661,060 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 andunknown risks and uncertainties. These variables could cause the Bridgestone Group’s actual performance andresults to differ substantially from management’s projections and plans, and the statements are not guarantees
of future business performance.

Bridgestone Corporation (5108)

First quarter results of fiscal 2013

[ Index ]1. Qualitative Information for the First Quarter 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

1

Bridgestone Corporation (5108)

First quarter results of fiscal 2013

1. Qualitative Information for the First Quarter 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 1Q

FY 2012 1Q(Three months ended(Three months ended

March 31, 2013)

March 31, 2012)

Increase(Decrease)

Yen in billions

Yen in billions

Yen in billions%

Net sales

794.5

726.2

68.3

9

Operating income

74.4

63.0

11.4

18

Ordinary income

70.1

61.7

8.4

14

Net income

43.1

42.2

0.9

2

In the first quarter of fiscal 2013(January 1 to March 31, 2013), the Companies’ operating environment was asfollows. The domestic economy showed signs of recovery with the rapid correction of the excessively appreciatedJapanese yen. The United States economy has shown signs of recovery, while the European economy remained
stagnant and continuous financial instability discouraged actual business activities. Asian economic expansion
showed signs of a slowdown, particularly in China and India. Overall, recovery by many overseas economies wascontinuously weak.
Under these operating conditions, the companies continued working to achieve the ultimate goal of being the“World’s undisputed No.1 tire and rubber company both in name and reality”. In this way, we will be “Dan-Totsu”,
or the absolute and clear leader in all our industries and a company that is far outperforming its competitors.
Stepping up our efforts on a global scale, the Companies focused on increasing the sales of highly competitive
products, strengthening supply capacity of these products, improving manufacturing productivity, enhancing
technology and effectively utilizing our management resources. Moreover, with business conditions evolving at
unprecedented speed, the Companies were striving to rapidly implement a range of initiatives to enhance ourability to respond quickly to market trends, increase the sales of strategic products, construct and enhancebusiness models that will extend beyond the mere sale of products, and develop eco-friendly products andbusinesses.
As a result, net sales in the first quarter of fiscal 2013 was ¥794.5 billion, an increase of 9% from the firstquarter of fiscal 2012, operating income was ¥74.4 billion, an increase of 18%, ordinary income was ¥70.1 billion,
an increase of 14% and net income was ¥43.1 billion, an increase of 2%.

2

Bridgestone Corporation (5108)

First quarter results of fiscal 2013

2) Segment Information
FY 20131Q

FY 2012

1Q
Increase(Three months ended(Three months ended

March 31, 2013)

March 31, 2012)(Decrease)

Yen in billions

Yen in billions

Yen in billions%

Net Sales

675.3

602.5

72.8

12

Operating income

67.9

57.0

10.9

19

Net Sales

122.4

127.9

(5.5)

(4)

6.4

6.0

0.4

7

Tires
Diversified
Products
Consolidated
Results

Operating income
Net Sales

794.5

726.2

68.3

9

Operating income

74.4

63.0

11.4

18

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, the unit sales of tires for passenger cars and light trucks decreased compared to the first quarter offiscal 2012 due to a decline in the sales of original equipment tires. The unit sales of tires for trucks and busesdecreased substantially due to a decline in the sales of original equipment tires. In the Americas, the unit sales oftires for passenger and light truck in North America increased steadily compared to the first quarter of fiscal 2012,
as well as tires for trucks and buses. In Europe, the unit sales of tires for passenger cars and light trucks
decreased compared to the first quarter of fiscal 2012 due to a decline in the sales of original equipment tires. The
unit sales of tires 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 strongly compared to the firstquarter of fiscal 2012 due to an increase of the sales of original equipment tires. The unit sales of tires for trucks
and buses decreased compared to the first quarter of fiscal 2012 due to a decline in the sales of replacement tires.
In China, the unit sales of tires for passenger cars and light trucks increased strongly, and the unit sales of tires fortrucks and buses exceeded compared to the first quarter of fiscal 2012. In the specialty tire business, the sales
rubber volume of off-the-road radial tires for construction and mining vehicles increased firmly compared to the firstquarter of fiscal 2012.
As a result, net sales and operating income in the tires segment in the first quarter of fiscal 2013 totaled ¥675.3
billion and ¥67.9 billion, an increase of 12% and an increase of 19% from the first quarter of fiscal 2012,
respectively.
In the diversified products segment, net sales totaled ¥122.4 billion, a decrease of 4% from the first quarter offiscal 2012 due to a decline in the sales of domestic business. However, operating income was ¥6.4 billion, an
increase of 7% from first quarter of fiscal 2012.

(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 2013

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

(Assets)
In assets, while cash and deposits decreased ¥9.6 billion, merchandise and finished products, tangible assets
and investment securities each increased ¥37.5 billion, ¥60.0 billion and ¥42.8 billion respectively. As a result,assets increased ¥192.6 billion compared with the end of the previous fiscal year, to ¥3,232.4 billion.

(Liabilities)
In liabilities, while accounts payable-other decreased ¥33.5 billion, note and accounts payable and short-termborrowings each increased ¥32.9 billion and ¥36.6 billion. As a result, liabilities increased ¥54.7 billion comparedwith the end of the previous fiscal year, to ¥1,677.2 billion.

(Net assets)
In net assets, while cash dividends paid were ¥12.5 billion, net income was ¥43.1 billion, net unrealized gain on
available-for-sale securities and foreign currency translation adjustments each increased ¥34.6 billion and ¥74.6
billion. As a result, net assets increased ¥137.8 billion compared with the end of the previous fiscal year, to¥1,555.1 billion.
Consequently, the ratio of total equity to total assets increased 1.3% compared with the end of the previous
fiscal year, to 46.5%.

(3) Qualitative Information on Projections of Consolidated Results
There are no changes in consolidated projections announced on February 18, 2013.

4

Bridgestone Corporation (5108)

First quarter 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) Changes in accounting policies, Changes in accounting estimates and Restatements(Changes due to revisions of accounting policy, 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 quarter 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 quarter 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.

5

Bridgestone Corporation (5108)

First quarter 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 1Q(As of March 31,2013)

AssetsCurrent Assets
Cash and deposits

226,162

216,464

Notes and accounts receivable

444,669

456,357

Short-term investments

124,010130,645

Merchandise and finished products

321,012358,577

Work in process

34,52438,029Raw materials and supplies

165,188

171,469

Other

169,520

184,535

Allowance for doubtful accounts(8,074)(8,013)

1,476,013

1,548,064

Buildings and structures, net

352,194

371,792

Machinery, equipment and vehicles, net

376,232

393,698

Other, net

390,509413,477

1,118,936

1,178,968

34,11837,756

Investments in securities

228,214271,067

Other

187,583

201,927

Allowance for doubtful accounts(5,067)(5,347)

Total investments and other assets

410,730

467,647

Total Fixed Assets

1,563,785

1,684,372

Total

3,039,798

3,232,436

Total Current Assets
Fixed Assets
Tangible assets

Total tangible assets
Intangible assets
Investments and other assets

6Bridgestone Corporation (5108)

First quarter results of fiscal 2013

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

FY 2013 1Q(As of March 31,2013)

Liabilities
Current Liabilities
Notes and accounts payable

168,568

201,476

Short-term borrowings

182,821219,446

Commercial paper

40,43536,762Current portion of bonds

60,97261,453864

934

Income taxes payable

55,82738,346

Accounts payable-other149,543

115,956

Other

231,072

228,974

Total Current Liabilities

890,105

903,349

Bonds

63,121

63,385Long-term borrowings

262,330

271,731

9,546

10,236

Accrued pension and liability for retirement
benefits

302,794

318,088

Other

94,552

110,456

Total Long-term Liabilities

732,345773,899

1,622,450

1,677,248

Common stock

126,354

126,354

Capital surplus

122,630

122,764

1,428,747

1,459,336(57,247)(56,926)

Lease obligations

Long-term Liabilities

Lease obligations

Total Liabilities

Net Assets
Shareholders' equity

Retained earnings
Treasury stock-at cost

1,620,484

1,651,527

Accumulated other comprehensive
incomeNet unrealized gain(loss) on
available-for-sale securities
Deferred gain(loss) on derivative
instruments

Total Shareholders’ equity

133,439

168,080

(948)

(857)

Foreign currency translation adjustments(246,190)(171,533)(133,763)(142,524)(247,462)(146,834)

Stock acquisition rights

1,099

1,059

Minority Interests

43,22649,435

Total Net Assets

1,417,347

1,555,187

Total

3,039,798

3,232,436

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

Bridgestone Corporation (5108)

First quarter results of fiscal 2013

(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income
First Quarter(Yen in millions)
FY 2012 1Q(Three months ended
March 31, 2012)

FY 2013 1Q(Three months ended
March 31, 2013)

Net Sales

726,245794,583

Cost of Sales

485,884

524,585

Gross profit

240,360

269,998

Goods freightage expenses

31,12734,498Advertising and promotion expenses

19,31822,928

Salaries, allowances and bonuses

48,56652,986Retirement benefit expenses

3,801

4,634

Depreciation

5,652

6,649

Research and development expenses

19,98021,112

Other

48,89752,736

Total selling, general andadministrative expenses

177,344

195,546

Operating income

63,01674,451

Interest income

744

1,307

Dividend income

115

184

Foreign currency exchange gain

995

－

Other

5,229

4,724

Total non-operating income

7,084

6,216

4,516

3,877

Selling, General and Administrative Expenses

Non-operating Income

Non-operating expenses
Interest expense

－

3,768

Other

3,844

2,871

Total non-operating expenses

8,360

10,518

Ordinary income

61,73970,149

Income before income taxes andminority interests

61,73970,149

Income taxes

17,83923,369

Income before minority interests

43,90046,779Minority interests

1,696

3,668

Net income

42,203

43,111

Foreign currency exchange loss

8

Bridgestone Corporation (5108)

Consolidated Statement of Comprehensive Income
First Quarter

Income before minority interests

First quarter results of fiscal 2013

(Yen in millions)
FY 2012 1Q(Three months ended
March 31, 2012)
43,900FY 2013 1Q(Three months ended
March 31, 2013)
46,779Other comprehensive income (loss)
Unrealized gain on available-for-salesecurities

46,791

34,640(669)

19Foreign currency translation adjustments

54,87378,602

Post retirement liability adjustment forforeign consolidated companies(4,439)(8,771)

Share of other comprehensive income inaffiliates

1,091

881

Total other comprehensive income

97,647

105,371

141,547

152,151

137,438

143,739

4,108

8,411

Deferred gain (loss) on derivative
instruments

Comprehensive income
Comprehensive income attribute to:Shareholders of Bridgestone Corporation
Minority Interests

9Bridgestone Corporation (5108)

First quarter 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
Ⅰ FY 2012 First Quarter (Three months ended March 31, 2012)
1. Information about Sales and Income (Loss) by reportable segment(Yen in millions)
Diversified

Adjustments

Tires

Total

Consolidated

Products(Note)Net sales:
External customers－

601,534

124,711726,245726,245

Inter-segment

1,040

3,212

4,252

(4,252)

Total

602,574

127,923

730,498(4,252)726,245

57,001

6,086

63,087(71)

63,016－

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

Ⅱ FY 2013 First Quarter (Three months ended March 31, 2013)
1. Information about Sales and Income (Loss) by reportable segment(Yen in millions)
Diversified

Adjustments

Tires

Total

Consolidated

Products(Note)Net sales:
External customers－

674,690

119,893

794,583

794,583

Inter-segment

698

2,523

3,222

(3,222)

Total

675,388

122,417797,806(3,222)

794,583

67,937

6,493

74,431

20

74,451－

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

10