Consolidated Financial Statements
for the First Quarter of the Fiscal Year Ending December 31, 2018
May 10, 2018
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 original
Japanese-language supersedes this English translation.
Bridgestone CorporationCode number:5108
Representative: Masaaki Tsuya,

Stock exchange listings: Tokyo, Nagoya, Fukuoka
URL:https://www.bridgestone.com/
Member of the Board
CEO and Representative Executive Officer
Concurrently Chairman of the Board
Contact:
Masahiro Kuroki, Treasurer, General Manager
Telephone:+81-3-6836-3100
Scheduled date of quarterly securities report submission:
May 11, 2018
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 2018 (January 1, 2018 - March 31, 2018)(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

Three months ended
859,855
March 31, 2018
Three months ended
851,893
March 31, 2017
(Note) Comprehensive Income:%

Yen in millions%

Yen in millions%

Yen in millions%

0.999,897(3.1)

92,789(4.2)

63,4037.0

3.2

103,060(5.0)

96,889(6.4)

59,239

4.4

Three months ended March 31, 2018
Three months ended March 31, 2017

Net income
per share
Three months ended
March 31, 2018
Three months ended
March 31, 2017¥(20,977) million [－%]
¥40,310 million [－%]

Diluted net income
per share
Yen

Yen

84.34

84.19

75.80

75.69

(2) Consolidated Financial Position
Total assets

Ratio of total equity tototal assets

Net assets

Yen in millions

Yen in millions%

As of March 31, 2018

3,755,4062,317,008

60.2

As of December 31, 2017

3,959,038

2,402,738

59.2

As of March 31, 2018
As of December 31, 2017

¥ 2,260,822 million¥ 2,342,147 million(Reference) Total equity:

2. Dividends
1st quarterend

2nd quarter
end

Yen

Yen

Annual Dividend
3rd quarterend
Yen－70.00－FY 2017－FY 2018
FY 201880.00－(Projection)(Note) Changes from the latest forecasts released: NoYear -end

Total

Yen

Yen

80.00

150.0080.00

160.003. Consolidated Projected Results for Fiscal 2018 (January 1, 2018 - December 31, 2018)(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
1,810,000
3.9
196,000
FY 2018
3,800,000
4.3
463,000(Note) Changes from the latest forecasts released: No

Yen in millions

%

(3.1)
10.5

184,000
439,000(6.0)
9.6

129,000
308,000(2.2)
6.8

171.60409.72

* Notes(1) Changes in principal subsidiaries during the three months ended March 31, 2018 : 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 standards, etc. : Yes
2) Changes in accounting policies 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):March 31, 2018
761,536,421 shares
December 31, 2017
813,102,321 shares
2) Number of shares of treasury stock at period end
March 31, 2018
December 31, 2017

9,803,452 shares
61,375,611 shares

3) Average outstanding number of shares (during the first quarter)
First Quarter ended March 31, 2018751,730,236 sharesFirst Quarter ended March 31, 2017
781,536,518 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 2018

[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 quarter results of fiscal 2018

Consolidated Financial Statements and Other Information (Notes)(1) Consolidated Balance Sheet(Yen in millions)
FY 2017

FY 2018 Q1(As of December 31, 2017)(As of March 31,2018)

Cash and deposits

511,895

422,659

Notes and accounts receivable

503,412568,717

Short-term investments

221,680

128,800

Merchandise and finished products

397,253

403,592

AssetsCurrent Assets

Work in process

36,78740,016

Raw materials and supplies

156,142

155,384

Other

176,926

171,002

Allowance for doubtful accounts(17,062)(20,934)

1,987,036

1,869,238

Buildings and structures, net

555,770

538,170

Machinery, equipment and vehicles, net

517,639

492,967

Other, net

399,636

378,906

1,473,046

1,410,045

43,781

39,606

Other

61,24858,500Total Intangible fixed assets

105,029

98,106

Investments in securities

278,802265,128

Other

116,714114,286(1,591)(1,398)

Total Current Assets
Fixed Assets
Tangible fixed assets

Total Tangible Fixed Assets
Intangible fixed assets
Goodwill

Investments and other assets

Allowance for doubtful accounts

393,925

378,016

Total Fixed Assets

Total Investments and Other Assets

1,972,002

1,886,168

Total Assets

3,959,038

3,755,406

2Bridgestone Corporation (5108)

First quarter results of fiscal 2018

(Yen in millions)
FY 2017

FY 2018 Q1(As of December 31, 2017)(As of March 31,2018)

Notes and accounts payable

232,698

214,557

Short-term borrowings

124,606

129,362

Liabilities
Current Liabilities－8,497

Current portion of bonds

20,00020,000

Lease obligations

14,117

20,144

Income taxes payable
Provision for reorganization of R&D
and manufacturing base

66,453

21,326－8,233

Accounts payable-other169,144

134,632

Other

283,526

263,188

Total Current Liabilities

910,545819,943

Bonds

220,000220,000

Long-term borrowings

51,72846,528

Lease obligations
Provision for reorganization of R&D
and manufacturing base

28,576

26,752

8,322－Net defined benefit liability

202,864

193,350

Other

134,263

131,822

Total Long-term Liabilities

645,754

618,454

1,556,300

1,438,397

Common stock

126,354

126,354

Capital surplus

122,984

122,078

Retained earnings

2,342,822

2,194,732

Treasury stock-at cost

(206,052)(32,905)

Total Shareholders’ Equity

2,386,108

2,410,259

176,686

167,790(55)

565

Commercial paper

Long-term Liabilities

Total Liabilities
Net Assets
Shareholders' Equity

Accumulated Other Comprehensive Income
Net unrealized gain(loss) on
available-for-sale securities
Deferred gain(loss) on derivative instruments
Foreign currency translation adjustments(93,479)(182,596)

Remeasurements of defined benefit plans
Total Accumulated Other ComprehensiveIncome(127,112)(135,196)(43,960)(149,437)

3,629

3,619

Stock Acquisition Rights
Non-controlling Interests

56,961

52,566

Total Net Assets

2,402,738

2,317,008

Total Liabilities and Net Assets

3,959,038

3,755,406

3

Bridgestone Corporation (5108)First quarter results of fiscal 2018

(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income
First Quarter(Yen in millions)4Bridgestone Corporation (5108)

Consolidated Statement of Comprehensive Income
First Quarter

First quarter results of fiscal 2018

(Yen in millions)5Bridgestone Corporation (5108)

First quarter results of fiscal 2018

(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 has completed cancellation of its own shares (51,565,900 shares) on January 19, 2018, basedon the resolution at the board of directors held on February 17, 2017. As a result, capital surplus decreased by¥905 million compared with the end of the previous fiscal year, to ¥122,078 million, retained earnings decreasedby ¥172,220 million compared with the end of the previous fiscal year, to ¥2,194,732 million, and treasury stockat cost decreased by ¥173,126 million compared with the end of the previous fiscal year, to ¥32,905 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 2018.

(Changes in accounting policies, Changes in accounting estimates and Restatements)
Changes in accounting policies(Adoption of Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income)The certain overseas subsidiaries have early adopted ASU No. 2018-02, "Reclassification of Certain Tax Effects
from Accumulated Other Comprehensive Income (revised on February 14, 2018)" from the beginning of fiscal
2018.
Changes in deferred tax assets and deferred tax liabilities resulting from change in tax rate following theenactment of the “Tax Cuts and Jobs Act” by the U.S. federal government on December 22, 2017 were includedin the accumulated consolidated net profit of the previous fiscal year. On the other hand, changes in tax effects
above recognized through accumulated other comprehensive income were stranded in accumulated othercomprehensive income in the previous fiscal year. Due to the adoption of "Reclassification of Certain Tax Effects
from Accumulated Other Comprehensive Income", subsidiaries reclassified stranded tax effects resulting fromchange in tax rate above from accumulated other comprehensive income to retained earnings. In accordancewith the transitional treatment prescribed in this accounting policy, reclassification was made at the beginningof fiscal 2018.
As a result, retained earnings increased by ¥20,879 million and remeasurements of defined benefit plansdecreased by ¥20,879 million at the beginning of fiscal 2018. This change in accounting policy have no effecton consolidated statement of income for the first quarter of fiscal 2018.

6