BRIDGESTONE DATA 2020 About the Bridgestone Group
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BRIDGESTONE DATA 2020 About the Bridgestone Group Member of the Board Global CEO and Global COO and Corporate Name: Bridgestone Corporation Representative Representative Chairman of the Board Executive Officer Executive Officer Headquarters: 1-1, Kyobashi 3- Chome, Chuo- ku, Tokyo 104-8340, Japan Established: March 1, 1931 Founder: Shojiro Ishibashi Masaaki Tsuya Shuichi Ishibashi Masahiro Higashi Financial Data: As of December 31, 2019 Sales (consolidated) JPY 3,525.6 billion As of 1931 Net Income (consolidated) JPY 292.5 billion Paid-In Capital JPY 126.3 billion Paid-In Capital JPY 1 million Employees (consolidated) 143,589 Employees 144 Sales (non-consolidated) JPY867.2 billion Net Income (non-consolidated) JPY224.7 billion Employees (non-consolidated) 14,567 Tokyo Headquarters 2 Products and Operations 16% Tires 84% Sales by Business* Diversified Products Sales by Business* Passenger Cars Trucks and Bus Seismic Isolation Conveyer Belts Bearings Construction Aircraft Bicycles Sporting Goods and Mining Vehicles Others (Industrial machinery , Agricultural Machinery, Motorcycles), Others (Polyurethane, Roofing material, Retreading materials and services High pressure hose, Seat pads for automobiles) *Sales by business : Sales to external customers. 3 Products and Operations Solutions Business Fleet Solutions Puncture Solutions NVH Solutions Building Solutions Bridgestone's "Smart Siphon" enables New Tires + Retread + Service + IT Run-Flat Technology drainage system adaptable, creating more underfloor space and plumbing distance. Mining Solutions Agriculture Mobility Aircraft Tire Solutions Industrial & Construction Machinery Solutions Solutions Z Construction and Mining Vehicles Hoses Conveyor belts Tires + Conveyor belts + Hoses + Service + IT New Tires + Rubber Tracks + Service New Tires + Retread + Service 4 Consolidated Financial Results Sales and Earnings Unit:Yen in Hundred Millions 2013 2014 2015 2016 2017 2018 2019 Net Sales 35,680 36,739 37,902 33,370 36,434 36,501 35,256 Operating Income 4,381 4,780 5,172 4,495 4,190 4,027 3,260 Operating Income Ratio [%] 12.3 13.0 13.6 13.5 11.5 11.0 9.2 Ordinary Income 4,347 4,632 5,073 4,325 4,005 3,811 3,168 Net Income* 2,020 3,005 2,842 2,655 2,882 2,916 2,925 *Profit Attributable to Owners of Parent. Net Sales Operating Income / Operating Income Ratio Net Income* Unit:Yen in Hundred Millions Unit:Yen in Hundred Millions Unit:Yen in Hundred Millions (%) 6,000 15.0 40,000 3,500 35,000 5,000 3,000 30,000 2,500 4,000 10.0 25,000 2,000 20,000 3,000 1,500 15,000 2,000 5.0 1,000 10,000 1,000 500 5,000 0 0 0.0 0 2013 2014 2015 2016 2017 2018 2019 2013 2014 2015 2016 2017 2018 2019 2013 2014 2015 2016 2017 2018 2019 5 Consolidated Financial Results R&D, Capital Expenditure and Depreciation R&D Capital Expenditure Unit:Yen in Hundred Millions Unit:Yen in Hundred Millions Unit:Yen in Hundred Millions 2013 2014 2015 2016 2017 2018 2019 1200 3,000 R&D 890 941 949 954 997 1,035 1,052 1000 2,500 Capital Expenditure 2,749 2,963 2,535 1,941 2,348 2,684 2,892 800 2,000 Depreciation 1,761 1,883 2,023 1,880 2,003 2,004 2,231 600 1,500 400 1,000 200 500 0 0 2013 2014 2015 2016 2017 2018 2019 2013 2014 2015 2016 2017 2018 2019 Assets Unit:Yen in Hundred Millions ROA and ROE 2013 2014 2015 2016 2017 2018 2019 (%) 35,770 39,609 37,958 37,160 39,590 38,636 39,465 Total Assets 20.0 ROA [%] 6.1 8.0 7.3 7.1 7.5 7.5 7.5 15.5 13.3 15.0 12.7 12.5 12.5 Net Assets 18,629 21,466 22,820 23,458 24,027 24,361 23,442 11.8 12.4 ROE [%] 12.7 15.5 13.3 11.8 12.5 12.4 12.5 8.0 10.0 7.3 7.1 7.5 7.5 7.5 6.1 5.0 0.0 2013 2014 2015 2016 2017 2018 2019 Return on Asset (ROA) [%] Return on Equity (ROE) [%] 6 Consolidated Financial Results Diversified 1 Sales by Business Segment* Products 16% Unit:Yen in Hundred Millions 2013 2014 2015 2016 2017 2018 2019 Sales by Business Tires 30,336 30,886 31,682 27,592 30,210 30,410 29,441 Segment (2019) Diversified Products 5,344 5,853 6,220 5,777 6,224 6,090 5,814 84% Tires *1 China, Sales by Market Asia Pacific*3 Unit:Yen in Hundred Millions 15% 19% 2013 2014 2015 2016 2017 2018 2019 Japan Japan 6,748 6,940 6,619 6,535 6,843 6,819 6,668 *2 19% Sales by Market The Americas 16,286 17,463 19,195 16,257 17,550 17,376 16,580 EMEA (2019) EMEA*2 4,250 4,341 4,198 4,943 6,038 6,439 6,604 China, Asia Pacific*3 8,396 7,994 7,889 5,634 6,001 5,865 5,402 47% The Americas *1 Sales by business segment and market:Sales to external customers. *3 Scope of Geographic segment is renewed in 2016 as a result of the restructuring of the *2 Scope of Geographic segment is renewed in 2016 as a result of the Tire business SBUs. restructuring of the Tire business SBUs. Until 2015 China, Asia & Pacific, Middle East & Africa, Russia ; 2016 China, Asia & Until 2015 Europe ; 2016 Europe, Middle East & Africa ; 2017 Europe, Russia, Pacific, Russia ; 2017 China, Asia & Pacific Middle East & Africa 7 Global Tire Market Share (Based on Sales Figure) Michelin 15.0% Bridgestone 14.6% Goodyear 8.2% Michelin Continental 6.8% Sumitomo 4.2% Pirelli 3.6% Bridgestone 2019 Hankook 3.4% Yokohama 2.9% 1987 Goodyear Cheng Shin 2.3% Bridgestone Zhongce Rubber 2.1% Firestone Giti 1.9% Toyo 1.8% Source : Tire Business − Global Tire Company Rankings *The size of pie charts indicate total tire sales of each company. Others 33.2% The total of tire sales in 1987 was 40,250 and 166,965 in 2019.(Us dollars in Millions) 8 Number of Manufacturing Plants As of April 1, 2020 THE AMERICAS EUROPE / CHINA / ASIA JAPAN TOTAL MIDDLE EAST PACIFIC AFRICA / RUSSIA New Tire Plants(*1) 15 13 14 10 52 Tire Other Tire Related Plants(*2) 9 2 5 11 27 Total 24 15 19 21 79 Raw Materials Plants 5 2 7 2 16 Diversified Products Plants 23 4 16 27 70 Number of Plants Total 52 21 42 50 165 New Tire Plants(*1) 0 0 0 0 0 Other Tire Related Plants(*2) 0 0 0 0 0 Under Construct Raw Materials Plants 0 0 0 0 0 ion Diversified Products Plants 0 0 0 0 0 Total 0 0 0 0 0 *1 New tire plants include new tire plants and a new tube and flap plants. *2 Other tire related plants include retread plants for aircraft tires outside Japan and plants for retreading materials, molds and machineries for tires and steel cords. 9 Number of R&D Facilities As of April 1, 2020 THE EUROPE / CHINA / ASIA JAPAN TOTAL AMERICAS MIDDLE EAST PACIFIC AFRICA / RUSSIA Technical Center 1 1 2 2 6 Proving Ground 4 1 3 2 10 1 Aprilia, Italy 1 Rome, Italy 2 Nong Khae, Thailand 2 Pathum Thani, Thailand 3 Karawang, Indonesia 3 Wuxi, Jiangsu, China 5 1 4 Jiangsu, China 4 Tokyo, Japan 1 6 6 9 3 4 7 5 4 8 5 Hokkaido, Japan 5 Yokohama, Japan 2 2 6 Tochigi, Japan 6 Akron, Ohio, U.S.A 3 7 Texas, U.S.A. 10 8 Acuna, Mexico 9 Ohio, U.S.A. Proving Ground Technical Center 10 Sao Pedro, Brazil 10 Summary of Global Tire Production Overseas Production Ratio 72% China, Asia-Pacific*2 Japan 420,000t 510,000t Unit:10,000 tons 2013 2014 2015 2016 2017 2018 2019 Domestic 52 51 48 47 47 51 51 Total 1,840,000t The Americas 57 57 56 57 59 60 60 Overseas EMEA*1 20 21 22 25 27 29 30 China, Asia-Pacific*2 53 53 54 51 47 47 42 Overseas Total 130 131 132 133 141 136 132 Total Production 182 182 179 180 188 186 184 Overseas Production Ratio[%] 71 72 73 74 75 73 72 EMEA*1 300,000t The Americas 600,000t ▲Tire Production Volume(Tonnage of Rubber) by Geographical Segment(2019) *1 Scope of Geographic segment is renewed in 2016 as a result of the restructuring of the Tire business SBUs. Until 2015 Europe ; 2016 Europe, Middle East & Africa ; 2017 Europe, Russia, Middle East & Africa. *2 Scope of Geographic segment is renewed in 2016 as a result of the restructuring of the Tire business SBUs. Until 2015 China, Asia & Pacific, Middle East & Africa, Russia ; 2016 China, Asia & Pacific, Russia ; 2017 China, Asia & Pacific. 11 Global Tire, Raw Materials and Diversified Products Plants As of April 1, 2020 New Tire Plants / Other Tire Related Plants Diversified Products Plants THE AMERICAS Location Products Location Products Raw Materials Plants U.S.A. Agricultural Machinery U.S.A. 1 Des Moines, Iowa 1 Covington, Georgia Golf Balls Tires Location Products 2 2 Williamsburg, Kentucky Air Springs U.S.A. 1 Clarksville, Tennessee Steel Cord Russellville, Arkansas Tubes and Flaps 3 2 Lake Charles, Louisiana Synthetic Rubber 3 Bloomington, Illinois Off-the-road Tires Dyersburg, Tennessee Air Springs Tire Cord and Industrial 3 Kings Mt., North Carolina 4 LaVergne, Tennessee Tires 4 Prescott, Arkansas Roofing Material Fabric 4 Gastonia, North Carolina Industrial Fabric 5 Wilson, North Carolina Tires 5 Beech Grove, Indiana Roofing Material 6 Wellford, Mexico 5 Altamira Carbon Black Warren, Tennessee Tires 6 Roofing Material South Carolina 7 Aiken, South Carolina Tires Muscle Shoals, 7 Roofing Material Alabama 8 Aiken, South Carolina Off-the-road Tires Roofing Material, Wall 8 Anoka, Minnesota 9 Mayodan, Retread Tires for Panels North Carolina Aircraft 9 Bristol, Connecticut Insulation 10 Oxford, North Carolina Retreading Materials 10 Jacksonville, Florida Insulation 11 Abilene, Texas Retreading Materials 11 Corsicana, Texas Insulation 12 Griffin, Georgia Retreading Materials 12 Florence, Kentucky Insulation 13 Muscatine, Iowa Retreading Equipment 4 13 3 Retreading Molds and Deforest, Wisconsin Insulation 14 Muncie, Indiana Equipment 14 Salt Lake City, Utah Insulation Canada 15 Joliette, Quebec Tires Youngwood, 15 Insulation Mexico 16 Cuernavaca Tires Pennsylvania 17 Monterrey Tires 16 Waukesha, Wisconsin Insulation Automotive Seat Pad, 5 18 Leon Retreading Materials 17 Upper Sandusky, Ohio Anti-vibration Rubber Costa Rica 19 San Jose Tires Automotive Seat Pad, 18 Dickson, Tennessee EA Pad 19 Jacksonville, Florida Hose Assembly 20 Niagara, New York Automotive Seat Pad Mexico 21 Apaseo el Grande Automotive Seat Pad 22 Costa 22 Turrialba Air Springs *A part of this map is shown in commonly used terms.