Consolidated Financial Statements
for the First Quarter of the Fiscal Year Ending December 31, 2014
May 9, 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 CorporationStock 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:
May 14, 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 Quarter of Fiscal 2014 (January 1, 2014 - March 31, 2014)(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, 2014
863,631
Three months ended
March 31, 2013
794,583(Note) Comprehensive Income:Net income%

Yen in millions%

Yen in millions%

Yen in millions%

8.7

116,377

56.3

113,881

62.3

71,96666.9

9.4

Net incomeper shareThree months ended
March 31, 2014
Three months ended
March 31, 2013

Ordinary income

74,451
18.1
70,14913.6
43,111Three months ended March 31, 2014
¥25,537 million [(83.2%)]
Three months ended March 31, 2013
¥152,151 million [7.5%]

2.2

Diluted net income
per share
Yen

Yen

91.90

91.81

55.08

55.03

(2) Consolidated Financial Position
Total assets

Ratio of total equity tototal assets

Net assets

Yen in millions

Yen in millions%

As of March 31, 2014

3,441,135

1,863,287

52.5

As of December 31, 2013
(Reference) Total equity3,577,045

1,862,963
As of March 31, 2014
As of December 31, 2013

50.5
¥1,805,336 million¥1,805,285 million

2. Dividends
2nd quarter
end

Annual Dividend
3rd quarter
end

Yen

Yen

Yen

Yen

Yen－－

27.00

－

30.00

57.00

－

40.00

80.00

1st quarterend
FY 2013
FY 2014

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

Year -endTotal

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%

YenFirst half year
1,790,000
5.0
210,000
FY 20143,800,000
6.5460,000(Note) Changes from the latest forecasts released: No

Yen in millions

%

10.3
5.0

201,000
442,000

8.7
1.7

127,000
285,000

8.5
41.1

162.18363.96

* Notes(1) Changes in principal subsidiaries during the three months ended March 31, 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 policies, changes in accounting estimates, and restatements
1) Changes due to revisions of accounting policies, 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):
March 31, 2014
813,102,321 shares
December 31, 2013
813,102,321 shares
2) Number of shares of treasury stock at period end
March 31, 2014
December 31, 2013

29,980,553 shares
30,115,568 shares

3) Average outstanding number of shares (during the first quarter)
First Quarter ended March 31, 2014
783,063,190 sharesFirst Quarter ended March 31, 2013
782,715,140 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 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 2014

[ Index ]1. Qualitative Information for the First Quarter 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…P7Consolidated Statement of Income…P7Consolidated 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)…P91

Bridgestone Corporation (5108)

First quarter results of fiscal 2014

1. Qualitative Information for the First Quarter 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 1Q

FY 2013 1Q(Three months ended(Three months ended

March 31, 2014)

March 31, 2013)

Increase(Decrease)

Yen in billions

Yen in billions

Yen in billions%

Net sales

863.6

794.5

69.0

9

Operating income

116.3

74.4

41.9

56

Ordinary income

113.8

70.1

43.7

62

Net income

71.9

43.1

28.8

67

In the first quarter of fiscal 2014 (January 1 to March 31, 2014), the Companies’ operating environment was asfollows. The domestic economy showed signs of gradual recovery due to last-minute demand associated with theconsumption tax rate increase and the effectiveness of economic and monetary policies with maintaining thecorrection of the appreciated Japanese yen. The United States economy continues gradual recovery due to anincrease in consumer spending. The European economy has shown signs of recovery. The Asian economicexpansion continues to slow down, particularly in China and India. In addition, economic stagnation was shown inThailand. Overall, recovery by many overseas economies was continuously weak.
Under these operating conditions, the Companies continued working to realize the ultimate goal of becoming “atruly global company” and achieving “Dan-Totsu in all aspects of our business.” Stepping up our efforts on a
global scale, the Companies were trying to anticipate market trends and competitors’ movements, enhance
technology and promoting innovation to increase the sales of highly competitive products and services, andconstruction and enhancing business models that will extend beyond the mere sales of products. Moreover, theCompanies were striving to rapidly implement a range of initiatives to increase the sales of strategic products,
strengthen supply capacity, improve manufacturing productivity, effectively utilize our management resources,and develop eco-friendly products and businesses.
As a result, net sales in the first quarter of fiscal 2014 were ¥863.6 billion, an increase of 9% from the firstquarter of fiscal 2013; operating income was ¥116.3 billion, an increase of 56%; ordinary income was ¥113.8billion, an increase of 62%; and net income was ¥71.9 billion, an increase of 67%.

2

Bridgestone Corporation (5108)

First quarter results of fiscal 2014

2) Segment Information
FY 2014

FY 2013

1Q

1Q
Increase(Three months ended(Three months ended

March 31, 2014)

March 31, 2013)(Decrease)

Yen in billions

Yen in billions

Yen in billions%Net Sales

727.0

675.3

51.78

Operating income

105.8

67.9

37.9

56

DiversifiedProducts

Net Sales

140.2

122.4

17.7

15

Operating income

10.4

6.4

4.0

62

ConsolidatedResults

Net Sales

863.6

794.5

69.0

9

Operating income

116.3

74.4

41.9

56

Tires

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, total unit sales of tires for passenger cars and light trucks exceeded sales of the first quarter of fiscal
2013 as well as tires for trucks and buses due to last-minute demand associated with the consumption tax rateincrease. In the Americas, the unit sales of tires for passenger cars and light trucks in North America increased
firmly compared to the first quarter of fiscal 2013. The unit sales of tires for trucks and buses increased strongly
compared to the first quarter of fiscal 2013. In Europe, the unit sales of tires for passenger cars and light trucks
increased strongly compared to the first quarter of fiscal 2013 as well as tires for trucks and buses. In Asia Pacific,
the unit sales of tires for passenger cars and light trucks remained unchanged from the first quarter of fiscal 2013.
The unit sales of tires for trucks and buses decreased compared to the first quarter of fiscal 2013. In China, the unit
sales of tires for passenger cars and light trucks increased substantially compared to the first quarter of fiscal 2013.
The unit sales of tires for truck and buses decreased compared to the first quarter of fiscal 2013. In the specialty
tire business, the sales volume of off-the-road radial tires for construction and mining vehicles decreased
substantially compared to the first quarter of fiscal 2013 due to a decline in the demand of tires for mining vehicles.
As a result, net sales and operating income in the tires segment in the first quarter of fiscal 2014 totaled ¥727.0
billion and ¥105.8 billion, an increase of 8% and an increase of 56% from the first quarter of fiscal 2013,
respectively.
In the diversified products segment, net sales totaled ¥140.2 billion, an increase of 15% from the first quarter offiscal 2013, and operating income was ¥10.4 billion, an increase of 62% from the first quarter of fiscal 2013 due toan increase in the profit of domestic business.

(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 2014

(2) Explanation of Consolidated Financial Position
Assets, Liabilities, and Net assets positions at the end of the first quarter of fiscal 2014 were as follows.

(Assets)
In assets, while merchandise and finished products increased ¥9.1 billion, notes and accounts receivable,
short-term investments and investment securities each decreased ¥30.4 billion, ¥43.0 billion and ¥35.0 billion
respectively. As a result, assets decreased ¥135.9 billion compared with the end of the previous fiscal year, to¥3,441.1 billion.

(Liabilities)
In liabilities, while short-term borrowings increased ¥30.3 billion, accounts payable-other, other current liabilities
and long-term borrowings each decreased ¥45.9 billion, ¥31.0 billion and ¥39.2 billion respectively. As a result,liabilities decreased ¥136.2 billion compared with the end of the previous fiscal year, to ¥1,577.8 billion.

(Net assets)
In net assets, cash dividends paid were ¥23.4 billion, net unrealized gain on available-for-sale securities andforeign currency translation adjustments each decreased ¥27.2 billion and ¥25.9 billion respectively, while net
income was ¥71.9 billion. As a result, net assets increased ¥0.3 billion compared with the end of the previous fiscalyear, to ¥1,863.2 billion.
Consequently, the ratio of total equity to total assets increased 2.0% compared with the end of the previous
fiscal year, to 52.5%.

(3) Explanation of Projections of Consolidated Results
There are no changes in consolidated projections announced on February 18, 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 quarter 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 1Q(As of March 31,2014)

AssetsCurrent Assets
Cash and deposits

286,558

290,794

Notes and accounts receivable

528,465

497,976

Short-term investments

152,161

109,079

Merchandise and finished products

354,370

363,492

Work in process

37,353

40,771

Raw materials and supplies

165,379

166,990

Other

204,965

185,712

Allowance for doubtful accounts(11,871)(11,087)

1,717,383

1,643,729

Buildings and structures, net

414,442435,061

Machinery, equipment and vehicles, net

454,423

451,104

Other, net

466,193429,902

1,335,060

1,316,069

46,82645,264

Investments in securities

320,954285,875

Other

162,399

155,874

Allowance for doubtful accounts(5,578)(5,678)

Total investments and other assets

477,774

436,071

Total Fixed Assets

1,859,661

1,797,405

Total

3,577,045

3,441,135

Total Current Assets
Fixed Assets
Tangible assets

Total tangible assets
Intangible assets
Investments and other assets

5Bridgestone Corporation (5108)

First quarter results of fiscal 2014

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

FY 2014 1Q(As of March 31,2014)

LiabilitiesCurrent Liabilities
Notes and accounts payable

188,693

182,827

Short-term borrowings

216,660

247,013

Current portion of bonds

63,79463,705

Lease obligations

1,093

1,033

Income taxes payable

54,571

41,429Provision for loss related to US antitrust laws

44,79043,741

Provision for recall

21,132

18,207

Provision for plant restructuring in Japan

8,582

7,994

Accounts payable-other170,235

124,239

Other

289,731258,641

1,059,285

988,832

Bonds

50,00050,000Long-term borrowings

221,384

182,147

Lease obligations

11,342

10,989Accrued pension and liability for retirement
benefits

236,747

223,244

Other

135,321

122,633

Total Long-term Liabilities

654,795

589,015

1,714,081

1,577,848

Common stock

126,354

126,354

Capital surplus

122,865

123,001

1,597,140

1,645,616

Treasury stock - at cost

(56,644)(56,391)

Total Shareholders’ equity

1,789,714

1,838,580

200,703

173,464

Deferred gain(loss) on derivative instruments(1,092)(871)

Foreign currency translation adjustments(86,177)(112,080)(97,863)(93,756)

15,570(33,243)

Stock Acquisition Rights

1,6211,538

Minority Interests

56,05756,412

Total Net Assets

1,862,963

1,863,287

Total

3,577,045

3,441,135

Total Current Liabilities
Long-term Liabilities

Total Liabilities
Net Assets
Shareholders' Equity

Retained earnings

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

Post retirement liability adjustment forforeign consolidated companies
Total accumulated other comprehensiveincome6

Bridgestone Corporation (5108)

First quarter results of fiscal 2014

(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income
Consolidated Statement of Income
First Quarter(Yen in millions)
FY 2013 1Q(Three months ended
March 31, 2013)

FY 2014 1Q(Three months ended
March 31, 2014)

Net Sales

794,583

863,631

Cost of Sales

524,585

534,367

Gross Profit

269,998

329,263

Goods freightage expenses

34,49835,597Advertising and promotion expenses

22,92825,869

Salaries, allowances and bonuses

52,98656,852Retirement benefit expenses

4,634

4,622

Depreciation

6,649

7,184

Research and development expenses

21,112

21,604

Other

52,736

61,154

Total selling, general andadministrative expenses

195,546

212,886

Operating Income

74,451

116,377

Interest income

1,307

1,266

Dividend income

184394

Other

4,724

8,688

Total non-operating income

6,216

10,349Interest expense

3,877

3,533

Foreign currency exchange losses

3,768

5,142

Other

2,871

4,170

Total non-operating expenses

10,518

12,845

Ordinary Income

70,149113,881Gain on sales of tangible assets－3,565

Total extraordinary income

Selling, General and Administrative Expenses

Non-operating Income

Non-operating expenses

Extraordinary Income－3,565

Income before Income Taxes andMinority Interests

70,149117,446

Income taxes

23,36943,141

Income before minority interests

46,77974,305

Minority Interests

3,668

2,339

Net Income

43,111

71,966

7

Bridgestone Corporation (5108)

Consolidated Statement of Comprehensive Income
First Quarter

Income before Minority Interests

First quarter results of fiscal 2014

(Yen in millions)
FY 2013 1Q(Three months ended
March 31, 2013)
46,779FY 2014 1Q(Three months ended
March 31, 2014)
74,305

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

34,640(27,239)

19336

Foreign currency translation adjustments

78,602(25,194)

Postretirement liability adjustment forforeign consolidated companies(8,771)

4,101

881

(771)

105,371(48,767)

152,151

25,537

143,739

23,152

8,411

2,385

Deferred gain (loss) on derivative
instruments

Share of other comprehensive income inaffiliates
Total other comprehensive income
Comprehensive Income
Comprehensive income attribute to:Shareholders of Bridgestone Corporation
Minority Interests

8Bridgestone Corporation (5108)

First quarter 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 Quarter (Three months ended March 31, 2013)(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

2074,451－

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

FY 2014 First Quarter (Three months ended March 31, 2014)(Yen in millions)

Diversified

Adjustments

Tires

Total

Consolidated

Products(Note)Net sales:
External customers－

726,233

137,397

863,631863,631

Inter-segment

861

2,818

3,679

(3,679)

Total

727,094140,216

867,310(3,679)863,631

105,896

10,499116,396(18)

116,377－

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

9