Consolidated Financial Statements
for the First Three Quarters of the Fiscal Year Ending December 31, 2019
November 8, 2019
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, the originalJapanese-language supersedes this English translation.
Bridgestone Corporation
Code number:5108
Representative: Masaaki Tsuya,

Stock exchange listings: Tokyo, Nagoya, Fukuoka
URL:https://www.bridgestone.com/

Chairman of the Board
CEO and Representative Executive Officer
Contact:
Tetsuo Kenmochi, Treasurer, General Manager
Telephone:+81-3-6836-3100
Scheduled date of quarterly securities report submission:
November 8, 2019
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 2019 (January 1, 2019 - September 30, 2019)(1) Consolidated Operating Results(Percentage figures represent changes from the same period of previous year)
Profit attributable toNet sales
Operating income
Ordinary income
owners of parent

Yen in millions

Nine months ended
2,635,391
September 30, 2019
Nine months ended
2,674,192
September 30, 2018
(Note) Comprehensive Income:%

Yen in millions%

Yen in millions%

Yen in millions%(1.5)

250,345(13.9)

242,544(12.3)

205,403(6.4)

290,864(3.0)

276,544(4.2)

219,46411.0

0.4

Nine months ended September 30, 2019
Nine months ended September 30, 2018

Net income
per share

Diluted net income
per share
Yen

Yen

282.11281.64291.94291.43

Total assets

Net assets

Nine months ended
September 30, 2019
Nine months ended
September 30, 2018

¥140,625 million [(28.0)%]¥195,342 million [(18.2)%](2) Consolidated Financial Position
Ratio of total equity tototal assets

Yen in millionsYen in millions%

As of September 30, 2019

3,801,355

2,247,702

57.7

As of December 31, 2018

3,840,269

2,436,162

61.9(Reference) Total equity:

As of September 30, 2019
As of December 31, 2018

¥2,193,696 million¥2,378,511 million

2. Dividends
1st quarterend

2nd quarter
end

Yen

Yen

Annual Dividend
3rd quarterend
Yen－80.00－FY 2018－80.00－FY 2019
FY 2019(Projection)(Note) Changes from the latest forecasts released: NoYear -end

Total

Yen

Yen

80.00

160.0080.00

160.003. Consolidated Projected Results for Fiscal 2019 (January 1, 2019 - December 31, 2019)(Percentage figures represent changes from the same period of previous year)
Profit attributable toNet income
Operating income
Ordinary income
owners of parentper shareNet sales
Yen in millions%

Yen in millions

FY 2019
3,490,000 (4.4)
330,000(Note) Changes from the latest forecasts released: Yes%
(18.1)

Yen in millions

315,000%(17.4)

Yen in millions%

Yen275,000(5.7)

380.60* Notes(1) Changes in principal subsidiaries during the nine months ended September 30, 2019 : 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: No4) Restatements: No(4) Outstanding number of shares (common stock)
1) Outstanding number of shares at period end (including treasury stock):
September 30, 2019761,536,421 shares
December 31, 2018
761,536,421 shares
2) Number of shares of treasury stock at period end:
September 30, 2019
December 31, 201857,500,024 shares
9,726,528 shares

3) Average outstanding number of shares (during the first three quarters):
First Three Quarters ended September 30, 2019
728,107,574 sharesFirst Three Quarters ended September 30, 2018751,746,400 shares* Implementation status about the quarterly review
These financial statements are exempt from quarterly review by Certified Public Accountants or Audit Firm.
* 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 three quarters results of fiscal 2019

[Index]Consolidated Financial Statements and Other Information (Notes)…P2(1) Consolidated Balance Sheet…P2(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income…P4Consolidated Statement of Income…P4Consolidated Statement of Comprehensive Income…P5(3) Notes to the Consolidated Financial Statements…P6(Notes regarding going concern assumption)…P6(Notes regarding significant changes in the amount of shareholders’ equity)…P6(Application of special accounting treatments for Consolidated Quarterly Financial Statements)…P6(Changes in accounting policies, Changes in accounting estimates and Restatements)…P61

Bridgestone Corporation (5108)

First three quarters results of fiscal 2019

Consolidated Financial Statements and Other Information (Notes)(1) Consolidated Balance Sheet(Yen in millions)
FY 2018

FY 2019 Q3(As of December 31, 2018)(As of September 30, 2019)

Cash and deposits

440,378

298,223

Notes and accounts receivable

601,417

601,444

Short-term investments

153,853

147,622

Merchandise and finished products

407,608

415,847

AssetsCurrent Assets

Work in process

37,904

43,675

Raw materials and supplies

171,720

154,882

Other121,286

140,419

Allowance for doubtful accounts(21,729)(21,454)

1,912,440

1,780,659

Buildings and structures, net550,399

574,935

Machinery, equipment and vehicles, net

491,035

478,613

Other, net

426,936

439,491

1,468,371

1,493,040

41,381

138,735

Total Current Assets
Fixed Assets
Tangible fixed assets

Total Tangible Fixed Assets
Intangible fixed assets
Goodwill
Other

60,07250,948

Total Intangible fixed assets

101,454

189,683

Investments in securities

219,970

191,802

Other

139,557

147,280

Allowance for doubtful accounts(1,524)(1,111)

Total Investments and Other Assets

358,003337,970

Total Fixed Assets

1,927,829

2,020,695

Total Assets

3,840,269

3,801,355

Investments and other assets

2

Bridgestone Corporation (5108)

First three quarters results of fiscal 2019

(Yen in millions)
FY 2018

FY 2019 Q3(As of December 31, 2018)(As of September 30, 2019)

Notes and accounts payable

233,970

199,683

Short-term borrowings

100,627

73,295

Commercial paper

20,955

105,746

Current portion of bonds

70,000－

Lease obligations

1,686

10,892

Income taxes payable

15,07323,127

Liabilities
Current Liabilities－4,627

Accounts payable-other

182,204

122,561

Other262,601

281,623

Total Current Liabilities

887,119

821,558

Bonds

150,000

350,000

Long-term borrowings

38,04136,890

Provision for recall

Long-term Liabilities

Lease obligations

27,18262,931

Net defined benefit liability

196,005

187,540

Other

105,759

94,731

Total Long-term Liabilities

516,988732,093

1,404,107

1,553,652

Common stock

126,354

126,354

Capital surplus

121,997

121,997

2,362,736

2,448,577(32,648)(232,405)

2,578,440

2,464,523

108,888

89,915

Total Liabilities
Net Assets
Shareholders' Equity

Retained earnings
Treasury stock-at cost
Total Shareholders’ Equity
Accumulated Other Comprehensive Income
Net unrealized gain(loss) on
available-for-sale securities
Deferred gain(loss) on derivative instruments

1,730

329

Foreign currency translation adjustments(174,850)(236,728)

Remeasurements of defined benefit plans(135,696)(124,343)

Total Accumulated Other Comprehensive
Income(199,928)(270,827)

3,452

3,300

Stock Acquisition Rights
Non-controlling Interests

54,19850,706

Total Net Assets

2,436,162

2,247,702

Total Liabilities and Net Assets

3,840,269

3,801,355

3

Bridgestone Corporation (5108)

First three quarters results of fiscal 2019(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income
First Three Quarters(Yen in millions)
FY 2018 Q3

FY 2019 Q3(Nine months ended
September 30, 2018)(Nine months ended
September 30, 2019)

Net Sales

2,674,192

2,635,391

Cost of Sales

1,657,500

1,638,396

Gross Profit

1,016,691

996,995

Goods freightage expenses

135,559

138,210Advertising and promotion expenses

84,08079,761

Salaries, allowances and bonuses

197,368

196,867

Retirement benefit expenses

15,74614,995Depreciation

26,506

31,647

Selling, General and Administrative Expenses

Research and development expenses

75,01877,611

Other
Total Selling, General andAdministrative Expenses

191,547

207,556

725,826

746,649

Operating Income

290,864

250,345

Interest income

3,868

4,183

Dividend income

5,603

4,831

Settlement received

3,826

4,980

Other

8,837

7,658

Total Non-operating Income

22,13521,653

Interest expense

10,207

7,846

Foreign currency exchange loss

6,591

6,958

Other

19,655

14,649Total Non-operating Expenses

36,45529,454

Ordinary Income

276,544242,544

Gain on sales of noncurrent assets－29,262

Gain on sales of investment securities－21,446

Gain on refund of PIS/COFINS for prior periods－4,234Gain on establishment in jointly controlled entity

30,180－Total Extraordinary Income

30,18054,944

Impairment loss

―

6,545

Loss related to recall

―

5,310

Total Extraordinary Loss―

11,855

Income before Income Taxes andNon-controlling Interests

306,725

285,633

Income Taxes

80,63474,688

Income before Non-Controlling Interests

226,090

210,945

Non-operating Income

Non-operating Expenses

Extraordinary Income

Extraordinary Loss

Profit Attributable to Non-controlling Interests
Profit Attributable to Owners of Parent

4

6,626

5,541

219,464

205,403

Bridgestone Corporation (5108)

Consolidated Statement of Comprehensive Income
First Three Quarters

First three quarters results of fiscal 2019

(Yen in millions)
FY 2018 Q3

FY 2019 Q3(Nine months ended
September 30, 2018)(Nine months ended
September 30, 2019)

Income before Non-controlling Interests

226,090

210,945(11,669)(18,966)

(285)

(445)

Foreign currency translation adjustments(29,497)(60,596)

Remeasurements of defined benefit plans
Share of other comprehensive income inaffiliates

11,257

11,318(551)(1,630)Total Other Comprehensive Income(30,747)(70,320)

195,342

140,625

190,499

134,504

4,843

6,120

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

Comprehensive Income
Comprehensive income attributable to:
Owners of parent
Non-controlling interests

5

Bridgestone Corporation (5108)

First three quarters results of fiscal 2019(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 (47,838,200 shares) based on the resolution at the board of directors
held on February 15, 2019. Due mainly to the acquisition, treasury stock - at cost increased ¥199,757 million
compared with the end of the previous fiscal year, to ¥232,405 million.

(Application of special accounting treatments for Consolidated Quarterly Financial Statements)
Calculation for income tax expenses
Income tax expenses was calculated based upon an estimated effective tax rate for fiscal 2019.
(Changes in accounting policies, Changes in accounting estimates and Restatements)
Changes in accounting policies(Adoption of ASU2014-09 "Revenue from Contracts with Customers.")
Certain overseas subsidiaries which apply U.S. GAAP adopted ASU2014-09 "Revenue from Contracts withCustomers." (May 28, 2014) from the beginning of fiscal 2019.
Due to the adoption of ASU2014-09, the entity should recognize revenue to depict the transfer of promised goods
or services to customers in an amount that reflects the consideration to which the entity expects to be entitled inthe exchange for those goods or services.
Certain overseas subsidiaries adopted the method by which the cumulative effect of applying this standard wasrecognized at the date of initial application.
The effect of this change on retained earnings at the beginning of fiscal 2019 and operating income, ordinary
income, and income before income taxes and non-controlling interests for the consolidated cumulative
third quarter of fiscal 2019 was immaterial.
(Adoption of IFRS16 "Leases")
Certain overseas subsidiaries which apply the International Financial Reporting Standards adopted IFRS16"Leases" (January 13, 2016) from the beginning of fiscal 2019.
IFRS16 "Leases" requires recognition of substantially all lease assets and lease liabilities on the balance sheet.
Certain overseas subsidiaries adopted the method by which the cumulative effect of applying this standard
was recognized at the date of initial application.
As a result, assets increased by ¥49,606 million , Liabilities increased by ¥51,605 million, and retained
earnings decreased by ¥1,998 million at the beginning of fiscal 2019.
The increase in assets was mainly due to the increase in tangible fixed assets, and the increase in liabilities ismainly due to the increase in lease obligations.
The effect of this change on operating income, ordinary income, and income before income taxes andnon-controlling interests for the consolidated cumulative third quarter of fiscal 2019 was immaterial.

6