BRIDGESTONE CORPORATION, January-September (Third Quarter Cumulative) Net Income Decreases by 5%, July-September Net Income Decreases by 36%

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Mon Nov 11, 2024 2:30 pm JST Earnings

5108 BRIDGESTONE CORPORATION 【IFRS】

Earnings Report

BRIDGESTONE CORPORATION <5108> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 11th (14:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) decreased by 5.3% from the same period last year to 252 billion yen. The progress rate against the 336 billion yen full-year plan was 75.2%, below the five-year average of 82.3%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to grow by 29.0% from the same period last year, reaching 83.2 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income dropped to 53.6 billion yen, a 36.2% decrease compared to the same period last year. The operating profit margin decreased from 11.4% in the same period last year to 8.9%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	2,976,923	307,229	304,305	188,748	270.5	71.9	Nov 10, 2022	IFRS
Jan - Sep, 2023	3,198,144	375,795	357,065	266,732	389.7	80.4	Nov 10, 2023	IFRS
Jan - Sep, 2024	3,269,411	377,125	358,637	252,726	369.1	ー	Nov 11, 2024	IFRS
YoY	+2.2%	+0.4%	+0.4%	-5.3%	-5.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	2,212,094	231,155	199,677	148,662	217.2	100	Feb 16, 2024	IFRS
Jul - Dec, 2024 Guidance	2,233,227	ー	ー	136,918	199.9	105	Aug 9, 2024	IFRS
YoY	+1.0%	－	－	-7.9%	-7.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	4,110,070	441,298	423,458	300,305	432.2	175	Feb 16, 2023	IFRS
Dec, 2023	4,313,800	481,775	444,154	331,305	484.0	200	Feb 16, 2024	IFRS
Dec, 2024 Guidance	4,410,000	ー	ー	336,000	490.6	210	Aug 9, 2024	IFRS
YoY	+2.2%	－	－	+1.4%	+1.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	1,096,438	125,175	112,588	84,089	122.9	11.4	Nov 10, 2023	IFRS
Oct - Dec, 2023	1,115,656	105,980	87,089	64,573	94.3	9.5	Feb 16, 2024	IFRS
Jan - Mar, 2024	1,064,115	117,755	120,177	86,602	126.5	11.1	May 13, 2024	IFRS
Apr - Jun, 2024	1,112,658	162,664	156,689	112,480	164.3	14.6	Aug 9, 2024	IFRS
Jul - Sep, 2024	1,092,638	96,706	81,771	53,644	78.3	8.9	Nov 11, 2024	IFRS
YoY	-0.3%	-22.7%	-27.4%	-36.2%	-36.2%