Bridgestone Corporation (5108)

First half results of fiscal 2011

Consolidated Financial Statements
for the First Half of the Fiscal Year Ending December 31, 2011
August 8, 2011
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: Shoshi Arakawa, Chairman of the Board, CEO and President
Contact:
Takehisa Kichise, Treasurer, General Manager
Telephone:+81-3-3563-6985
Scheduled date of quarterly securities report submission:
August 11, 2011
Scheduled date of dividend payment commencement:
September 1, 2011
Supplementary information for the quarterly financial statements to be prepared:
Yes
Meeting to explain for the quarterly financial statements to be held:
Yes(All amounts are rounded down to the nearest million yen)

1. Consolidated Results for the First Half of Fiscal 2011 (January 1, 2011 - June 30, 2011)(1) Consolidated Operating Results(Percentage figures represent changes from the same period of previous year)

Net sales
Six months ended
June 30, 2011
Six months ended
June 30, 2010

Operating income

Ordinary income

Net income

Yen in millions%

Yen in millions%

Yen in millions%

Yen in millions%

1,459,125

5.3

93,62819.4

91,88035.2

54,11521.6

1,385,991

15.0

78,423－

67,958－44,503－

Net income
per share
Six months ended
June 30, 2011
Six months ended
June 30, 2010

Diluted net income
per share
Yen

Yen

69.14

69.11

56.74

56.72

(2) Consolidated Financial Position
Total assets

Net assets

Ratio of total equity tototal assets

Total equity per share

Yen in millions

Yen in millions%

Yen

2,785,322

1,259,617

43.9

1,562.56

As of June 30,
2011
As of December 31,
2010(Reference) Total equity

2,706,639

1,176,147
As of June 30, 2011
As of December 31, 2010

42.2
¥1,222,959 million¥1,141,128 million

1,458.01

2. Dividends
1st quarterend

2nd quarter
end

Yen

FY 2010
FY 2011－－

Annual Dividend
3rd quarter
Year -end
end

Total

Yen

Yen

Yen

Yen

10.00
10.00

－

10.00

20.00

FY 2011
－
10.00
20.00
(Projection)(Note) Revision of the projections at the time of the announcement of the first half results of fiscal 2011: No

3. Consolidated Projected Results for Fiscal 2011 (January 1, 2011 - December 31, 2011)(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 20113,130,000
9.4
194,000
16.6
180,000
21.7
115,000(Note) Revision of the projections at the time of the announcement of the first half results of fiscal 2011: Yes

16.3

146.93

Bridgestone Corporation (5108)

First half results of fiscal 2011

4. Others(1) Changes in significant subsidiaries during the second quarter : No
(Note) Changes in specified subsidiaries involving change in consolidation scope(2) Application of simplified and special accounting treatments: Yes(Note) Application of simplified and special accounting treatments for quarterly consolidated financial
statements(3) Changes in accounting principles, procedures, method of presentation
1) Changes due to revisions of accounting standards, etc. : Yes
2) Changes other than 1): No(Note) Changes in accounting principles, procedures, method of presentation associated with the preparationof the quarterly consolidated financial statements (matters to be included in the section, changes inbasic important matters for preparation of quarterly consolidated financial statements)(4) Outstanding number of shares (common stock)
1) Outstanding number of shares at term end (including treasury stock):
June 30, 2011
813,102,321 shares
December 31, 2010
813,102,321 shares
2) Number of shares of treasury stock at term end
June 30, 2011
December 31, 2010

30,440,215 shares
30,439,281 shares

3) Average outstanding number of shares (during the first half)782,662,539 sharesFirst Half ended June 30, 2011
784,327,025 sharesFirst Half ended June 30, 2010
* 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
1. Projections of consolidated results for fiscal 2011 announced on May 13, 2011 are revised in this document.
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. For details,
refer to “1. Qualitative Information for the First Half of Fiscal 2011, (3) Qualitative Information on Projections ofConsolidated Results”, on page 5.
2. Information about allegations regarding the Bridgestone Corporation (the “Company”) and certain of its
subsidiaries’ alleged cartel activities involvement in regarding the sale of marine hoses and improper monetary
payments is included on page 10, “3. Consolidated Quarterly Financial Statements, (4) Additional Information.”Bridgestone Corporation (5108)

First half results of fiscal 2011

[ Index ]1. Qualitative Information for the First Half of Fiscal 2011

…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…P5

2. Other information…P6(1) Overview of changes in significant subsidiaries during the First half

…P6(2) Overview of application of simplified and special accounting treatments…P6(3) Overview of changes in accounting principles, procedures and method of presentation…P6

3. Consolidated Quarterly Financial Statements…P7(1) Consolidated Balance Sheet…P7(2) Consolidated Statements of Income…P9(3) Notes regarding going concern assumption…P10(4) Additional Information…P10(5) Segment Information…P11(6) Notes regarding to significant changes in the amount of shareholders’ equity

…P12

1

Bridgestone Corporation (5108)

First half results of fiscal 2011

1. Qualitative Information for the First Half of Fiscal 2011
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 2011 1H(Six months ended
June 30, 2011)

FY 2010 1H(Six months ended
June 30, 2010)

Increase(Decrease)

Yen in billions

Yen in billions

Yen in billions%

1,459.1

1,385.9

73.1

5

Operating income

93.6

78.4

15.2

19

Ordinary income

91.8

67.9

23.9

35

Net income

54.1

44.5

9.6

22

Net sales

In the first half of fiscal 2011(January 1 to June 30, 2011), the Company’s operating environment was plaguedby raw material and other material prices remaining relatively high level and the appreciating Japanese yen.
Despite these challenges, the domestic economy showed signs of recovery, in spite of the impact of the Great
East Japan Earthquake on March 11, 2011. In other countries’ economy, the United States economy is showing
sins of gradual recovery, and the business climate in Europe showed signs of slight recovery. In Asia, recovery or
expansion continued to accelerate throughout all regions, particularly in China.
Under these operating conditions, the Companies continued working to achieve the goal of becoming theworld’s undisputed No. 1 tire and rubber company both in name and reality. Stepping up their efforts on a global
basis, the Companies focused on increasing the sales of highly competitive products, strengthening supply
capacity, improving manufacturing productivity, enhancing technology and effectively utilizing their management
resources. Moreover, within an operating environment that is evolving at an unprecedented speed, including thechanging structures for demand and competition, the Companies have been striving to rapidly implement a
range of initiatives to enhance their ability to respond quickly to market trends, increase the sales of strategic
products, construct and enhance a business model that will extend beyond the mere sale of products, anddevelop eco-friendly products and businesses. Additionally, the Companies have implemented price increases to
respond to the rising prices of raw material and other material. The companies of the Bridgestone group also
suffered from the Great East Japan Earthquake, however, the Group strived to implement all the initiatives tominimize the impact to the Companies’ business results and provided the products and the services required fordisaster recovery.
As a result, net sales in the first half of fiscal 2011 was ¥1,459.1 billion, an increase of 5% from the first half offiscal 2010, operating income was ¥93.6 billon, an increase of 19%, ordinary income was ¥91.8 billion, an
increase of 35% and net income was ¥54.1 billion, an increase of 22%.

2

Bridgestone Corporation (5108)

First half results of fiscal 2011

2) Segment Information
FY 2011 1H

FY 2010 1H(Six months ended(Six months ended

June 30, 2011)

June 30, 2010)

Increase(Decrease)

Yen in billions

Yen in billions

Yen in billions%

1,221.2

1,147.0

74.2

6Operating income

89.7

70.6

19.1

27

Diversified
Products

Net Sales

245.1

244.2

0.8

-

3.8

7.8

(3.9)

(51)

Consolidated
Results

Net Sales

1,459.1

1,385.9

73.1

5

93.6

78.4

15.2

19

Net Sales
Tires

Operating income

Operating income

In the tire segment, the Companies worked to maximize their sales momentum by introducing appealing new products
worldwide, particularly those that have been identified as strategic and important to the Companies’ future growth.
The Companies also subsequently revised product prices in response to rising raw material and other material prices.
In Japan, unit sales of replacement tires for passenger cars and light trucks grew significantly over fiscal 2010.
However, from the decline in vehicle production volume due to the Great East Japan Earthquake, unit sales of tires for
new vehicles were substantially down from the first half of fiscal 2010. The unit sales of tires for trucks and buses grewsignificantly because of sales increases in the replacement sector. In the Americas, the unit sales of passenger and lighttruck tires in North America decreased compared to the first half of fiscal 2010 due to a decline in the sales of
replacement tires. However, there was a great increase from the first half of 2010 in unit sales of runflat tires and UHP(ultra-high-performance) tires and other strategic products in the replacement sector and unit sales of tires for trucks andbuses grew significantly. In Europe, unit sales of tires for passenger cars and light trucks, decreased from the first half offiscal 2010 due to a decline in the sales of the original equipment tires. However, unit sales of replacement tires such as
runflat tires, UHP tires continued to grow and unit sales of tires for trucks and buses grew significantly over the first halfof fiscal 2010. In the specialty tire business, unit sales of large and ultralarge off-the-road radial tires for construction andmining vehicles significantly exceeded those of the first half of fiscal 2010.
As a result, net sales and operating income in the tire segment in the first half of fiscal 2011 totaled ¥1,221.2 billionand ¥89.7 billon, an increase of 6% and 27% from the first half of fiscal 2010, respectively.
In the diversified products segment, net sales totaled ¥245.1billion, remained at the same level as first half of fiscal
2010. Operating income was ¥3.8billion, a decrease of 51% from the first half of fiscal 2010, due to decline of profit indomestic business.

(Note１) The amounts for segment results include inter-segment transactions that are eliminated in calculating theconsolidated results.
(Note2) The Companies have two reportable segments: Tires and Divesified products, applied the “AccountingStandard for Disclosures about Segments of an Enterprise and Related information” (ASBJ Statement No. 17 ofMarch 27,2009) and the “Guidance on Accounting Standard for Disclosures about Segments of an Enterprise andRelated Information.” (ASBJ Guidance No. 20 of March 21, 2008)3

Bridgestone Corporation (5108)

First half results of fiscal 2011(2) Qualitative Information on Consolidated Financial Position
Assets, Liabilities, and Net assets positions at the end of the first half of fiscal 2011 were as follows.

(Assets)
In assets, cash and deposits decreased ¥49.4 billion, while merchandise and finished products and raw materials andsupplies increased ¥75.2 billion and ¥48.7 billion, respectively. As a result, assets increased ¥78.6 billion compared withthe end of the previous fiscal year, to ¥2,785.3 billion.

(Liabilities)
In liabilities, notes and accounts payable, commercial papers and long-term borrwings increased ¥12.5 billion, ¥29.5
billion, ¥36.2 billion. while short-term borrowings and account payable-other decreased ¥50.6 billion and ¥39.3 billion,
respectively. As a result, liabilities decreased ¥4.7billion compared with the end of the previous fiscal year, to¥1,525.7billion.

(Net assets)
In net assets, dividend payments recorded ¥7.8 billion, but net income was ¥54.1 billion and valuation difference on
available-for-sale increased ¥21.0 billion. As a result, net assets increased ¥83.4 billion compared with the end of theprevious fiscal year, to ¥1,259.6 billion.
Consequently, the ratio of total equity to total assets increased 1.7% compared with the end of the previous fiscal year,
to 43.9%.

4

Bridgestone Corporation (5108)

First half results of fiscal 2011(3) Qualitative Information on Projections of Consolidated Results
1) Comparison with fiscal 2010

Although a moderate recovery has become apparent, the Companies will likely have challenging conditions
because of continuing uncertainties in terms of foreign exchange rates, market demands, and also continuous highprices of raw material and other material. In addition, the Group is expected to face rapid changes in the structure ofdemand and competition worldwide.
Amid such a business environment, management predicts that, in Japan, unit sales of tires for passenger cars andlight trucks will stay flat compared to fiscal 2010. However the unit sales of truck and bus tires will increase over fiscal
2010. In the Americas, unit sales of tires for passenger cars and light trucks will be similar to those of last year while
unit sales of truck and bus tires will increase over fiscal 2010. In Europe, unit sales of tires for passenger cars and lighttrucks will be similar to those of last year while unit sales of truck and bus tires will increase over fiscal 2010.
In the diversified products segment, the BSAM Diversified Products business (Note) will take the lead in the segment
business and entire sales of diversified products will increase over fiscal 2010.
The Companies’ projections of overall results are as follows.
(Note)BSAM Diversified Products business: A business under BRIDGESTONE AMERICAS, INC.supplying commercial roofing materials etc.
FY 2011 projections
FY 2011 Projections(Revised)

FY 2010 Results

Increase(Decrease)

Yen in billions

Yen in billions

Yen in billions%

3,130.0

2,861.6

268.3

9

Operating income

194.0

166.4

27.5

17

Ordinary income

180.0

147.9

32.0

22

Net income

115.0

98.9

16.0

16

Yen

Yen

Net sales

ExchangeRateyen/dollar

8188

yen/euro

115

116

%

-

(8)
(1)

2) Revision of the projections
Actual results of operating income, ordinary income, and net income for the first half of the fiscal year ending
December 31, 2011, exceeded the projections previously announced on May 13, 2011, as a result of initiatives toreduce expenses while enhancing quality and safety, and the strategic sales of more profitablef tires.

The company also reviewed its consolidated financial projections for the second half of the fiscal year ending
December 31, 2011, which were not updated on May 13, 2011, and revised its full-year consolidated financial
projections for the fiscal year ending December 31, 2011,

Forward-Looking Statements
The preceding descriptions of projections and plans are “forward-looking statements,” which involve known
and unknown risks and uncertainties. Those variables could cause the Companies’ actual performance andresults to differ substantially from management’s projections and plans.

5

Bridgestone Corporation (5108)

First half results of fiscal 2011

2. Other Information(1) Overview of changes in significant subsidiaries during the first half
Not applicable(2) Overview of application of simplified and special accounting treatments
1) Simplified treatment(Calculation for depreciation of tangible fixed assets)
Mainly, based on a plan that takes account of the acquisition, sale and removal of fixed assets during the
fiscal year, the scheduled amount of depreciation on a consolidated basis for the fiscal year was
allocated.
2) Special treatment(Calculation for income tax expense)
Income tax expense (including its deferral recognition in the same line) was calculated based upon an
estimated effective tax rate for fiscal 2011.
(3) Overview of changes in accounting principles, procedures and method of presentation

Adoption of the “Accounting Standard for Asset Retirement Obligations”
Starting from the first quarter of fiscal 2011, the companies have adopt the “Accounting Standard for Asset
Retirement Obligations” (ASBJ Statement No. 18 of March 31, 2008) and the “Guidance on AccountingStandard for Asset Retirement Obligations” (ASBJ Guidance No.21 of March 31, 2008). Although the impactof this adoption on operating income and ordinary income is not material, 2,471 million yen of loss on
adjustment for changes of accounting standard for asset retirement obligations is recorded to extraordinaryloss.

Adoption of the “Accounting Standard for Equity Method of Accounting for Investments” and“Practical Solution on Unification of Accounting Policies Applied to Associates Accounted for Using
the Equity Method”
Starting from the first quarter of fiscal 2011, the companies adopt the “Accounting Standard for Equity
Method of Accounting for Investments” (ASBJ Statement No.16 of March 10, 2008), and the “Practical
Solution on Unification of Accoumting Policies Applied to Associates Accounted for Using the Equity Method”(ASBJ Practical Issues Task Force No.24, March 10, 2008). There is no impact on gain or loss during theperiod as a result of this adoption.

6

Bridgestone Corporation (5108)

First half results of fiscal 2011

3. Consolidated Quarterly Financial Statements(1) Consolidated Balance Sheet(Yen in millions)
FY 2011 1H(As of June 30, 2011)

FY 2010(As of December 31,2010)
Summary

AssetsCurrent Assets
Cash and deposits

135,890

185,334

Notes and accounts receivable

417,568

426,935

Short-term investments

93,392

113,228

Merchandise and finished products

329,167

253,908

Work in process

39,391

31,362

Raw materials and supplies

191,090

142,314Other

145,596

133,768

Allowance for doubtful accounts(9,515)(9,884)

1,342,581

1,276,968

Buildings and structures, net

343,077

341,190

Machinery, equipment and vehicles, net

378,102378,430

Other, net

283,826

287,003

1,005,006

1,006,624

29,70431,061

Investments in securities

236,996

217,340

Other

172,433

176,232

Allowance for doubtful accounts(1,400)(1,588)

Total investments and other assets

408,029

391,984

Total Fixed Assets

1,442,740

1,429,671

Total

2,785,322

2,706,639

Total Current Assets
Fixed Assets
Tangible assets

Total tangible assets
Intangible assets
Investments and other assets

7

Bridgestone Corporation (5108)

First half results of fiscal 2011

(Yen in millions)
FY 2011 1H(As of June 30, 2011)

FY 2010(As of December 31,2010)
Summary

Liabilities
Current Liabilities
Notes and accounts payable

200,737

188,150

Short-term borrowings

246,545

297,176

Commercial paper

50,152

20,608Current portion of bonds

23,802

21,108930

1,035

Income taxes payable

21,117

15,113

Accounts payable-other

99,980139,333

Other

204,451

194,527

Total Current Liabilities

847,717877,052

Bonds

128,412125,975

Long-term borrowings

227,574

191,373

Lease obligations

Long-term Liabilities

Lease obligations

6,597

5,888

Accrued pension and liability for retirement
benefits

217,781

237,194

Other

97,62093,009Total Long-term Liabilities

677,986

653,440

1,525,704

1,530,492

Common stock

126,354

126,354

Capital surplus

122,629

122,629

1,161,039

1,111,588(57,247)(57,245)

1,352,776

1,303,326

Net unrealized gain(loss) andtranslation adjustments
Net unrealized gain on
available-for-sale securities
Deferred gain(loss) on derivative
instruments

133,123

112,064

(310)

(235)

Foreign currency translation adjustments(262,630)(274,026)

Total Net unrealized gain(loss) andtranslation adjustments(129,817)(162,197)

770

514

Minority Interests

35,88734,503

Total Net Assets

1,259,617

1,176,147

Total

2,785,322

2,706,639

Total Liabilities

Net Assets
Shareholders' equity

Retained earnings
Treasury stock-at cost
Total Shareholders’ equity

Stock acquisition rights

8

Bridgestone Corporation (5108)(2) Consolidated Statements of Income
First HalfFirst half results of fiscal 2011

(Yen in millions)
FY 2010 1H(Six months ended
June 30, 2010)

Net Sales

FY 2011 1H(Six months ended
June 30, 2011)

1,385,991

1,459,125

930,684996,295

455,307462,829

57,73866,591Advertising and promotion expenses

48,73345,804

Salaries, allowances and bonuses

95,606

93,210Retirement benefit expenses

9,284

7,089

Depreciation

11,974

11,662

Research and development expenses

41,54741,362

Other

111,998

103,481

Total selling, general and administrative
expenses

376,884

369,201

Operating income

78,42393,628Interest income

1,549

2,156

Dividend income

2,226

3,028

Other

8,203

10,095

Total non-operating income

11,97815,280Interest expense

9,894

8,560

Foreign currency exchange loss

2,758

61

Other

9,789

8,406

Total non-operating expenses

22,44317,028

Ordinary income

67,95891,880

Cost of Sales
Gross profit
Selling, General and Administrative Expenses
Goods freightage expenses

Non-operating Income

Non-operating expenses

Impairment loss

-

4,676

Loss on adjustment for changes of accounting
standard for asset retirement obligations

-

2,471

Loss on disaster

-

2,376

Total extraordinary losses

-

9,524

Income before income taxes and minority
interests

67,95882,356

Income taxes

20,24325,227-

57,128

Minority interests

3,211

3,012

Net income

44,503

54,115

Income before minority interests

9Bridgestone Corporation (5108)

First half results of fiscal 2011

(3) Notes regarding going concern assumption
Not applicable(4) Additional Information
Information about Bridgestone Corporation and certain of its subsidiaries’ alleged cartel activities regarding
the sale of marine hoses and improper monetary payments
Since May 2007, the U.S. Department of Justice, the European Commission, the Fair Trade Commission ofJapan, and other authorities have been investigating the Company and certain of its subsidiaries in connection
with alleged international cartel activities regarding the sale of marine hoses. In February 2008, the Company
received orders from the Fair Trade Commission of Japan. The orders, which directed the Company to ceaseand desist from violating the Antimonopoly Act and to pay surcharges for violating the Act, were finalized.
Moreover, in January 2009, the Company was notified by the European Commission of its decision to impose
a fine of €58.5 million for alleged involvement in an international cartel related to the sale of marine hoses.
After careful consideration, the Company has determined that bringing the course of proceedings to an end
and subsequently focusing on the reinforcement of its compliance system and the promotion of preventive
measures are the appropriate actions to take. Therefore, the Company decided not to appeal to the Court ofFirst Instance of European Commission and has paid the imposed fine. Regarding this matter, the Company
has recorded ¥7,485 million as an expense related to the European Commission fine in the fiscal year ended
December 31, 2008. In regard to the class action lawsuit brought in the United States in connection with themarine hose cartel, a final approval of proposed settlements was granted by the Court. Further, the Company
has handled other individual civil claims in an appropriate manner. The investigation by the U.S. Department ofJustice is continuing. In the future, there is a possibility that fines will be imposed by the U.S. Department ofJustice, but at this point, there are a number of uncertain factors regarding the calculation of a specific reserve,
and as a result expenses have not been recorded. Proceedings in the other countries which have investigatedhave already been finalized.
Further, aside from the above-mentioned issue, the Company uncovered the fact that there have been
incidents of improper monetary payments to foreign agents, a part of which may have been provided to foreign
governmental officials and other possible forms of improper payments. The Company has been able toconfirm that inappropriate payments have been identified in connection with the sale of marine hoses andother industrial products. The Company has reported the findings of its internal inquiries to the Japanese
Public Prosecutors Office and the U.S. Department of Justice. The impact that these incidents may have on
financial results is unclear at this time.

10

Bridgestone Corporation (5108)

First half results of fiscal 2011(5) Segment Information

1. Overview of reporting segments

The Company’s reportable segments are components of the Company whose separate financial information is
obtainable, and the Board of Directors and the Management Committee regularly consider these segments in order todecide the allocation of business resources and evaluate business performance.
The Company’s reporting segments consist mainly of Tire business including the production and sale of tires andtubes, sale of wheels and accessories, the production and sale of retread material and services, auto maintenance,
and Diversified products business including Chemical and Industrial Products, BSAM Diversified Products (Note),
sporting goods, bicycles, etc.
Thus, the Company has two reportable segments: Tires and Diversified products.
(Note)BSAM Diversified Products: A business under BRIDGESTONE AMERICAS, INC.supplying commercial roofing materials etc

2. Information regarding Sales and Income(Loss) by Reporting Segment
FY 2011 First Half (Six months ended June 30, 2011)(Yen in millions)

Diversified
Products

Tires

Adjustments(note)

Total

Consolidated

Net sales:
External customers－

1,220,058

239,066

1,459,125

Inter-segment

1,222

6,059

7,282

(7,282)－

Total

1,221,281

245,126

1,466,408(7,282)

1,459,125

89,778

3,828

93,606

21

93,628Segment income(Operating income)

1,459,125(Note) Adjustments of segment income refer to elimination of intersegment transactions.

3. Information regarding Impairment Loss on Fixed Assets and Goodwill by Reporting Segment

FY 2011 First Half(Six months ended June 30, 2011)(Impairment Loss on Fixed Assets)
Impairment loss is recorded ¥223.1 billion and ¥244.5 billion in Tire business and Diversified products segment,
relatively.
Additional Information

Starting from the first quarter of fiscal 2011, the companies have adopt the “Accounting Standard for Disclosures about
Segments of an Enterprise and Related information” (ASBJ Statement No. 17 of March 27, 2009) and the “Guidance on
Accounting Standard for Disclosures about Segments of an Enterprise and Related Information.” (ASBJ Guidance No.
20 of March 21, 2008)11

Bridgestone Corporation (5108)

First half results of fiscal 2011

(Reference)

Information by business segment(Yen in millions)

FY 2010 First Half (Six months ended June 30, 2010)
Diversified
Products

Tires

Elimination or
Corporate

Total

Consolidated

Net sales:
External customers－

1,146,132

239,859

1,385,991

Inter-segment

933

4,394

5,327

(5,327)－

Total

1,147,066

244,253

1,391,319(5,327)

1,385,991

70,616

7,805

78,422－78,423Operating income
Notes:

1,385,991

1 Business segment classifications are those used in internal administration.
2 The major products and business of each business segment are as follows:
Tires: Tires and tubes, wheels and accessories, retread material and services, auto maintenance, etc.
Diversified products: Chemical products, industrial products, sporting goods, bicycles, etc.

(6) Notes regarding to significant changes in the amount of shareholders’ equity
Not applicable12