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BRIDGESTONE, Last Fiscal Year's Net Income Unexpectedly Declines, 11% Decrease in Net Income for The Current Fiscal Year, Dividend Raised by 20 yen

Mon Feb 17, 2025 2:30 pm JST Earnings

5108 BRIDGESTONE CORPORATION 【IFRS】

Earnings Report

BRIDGESTONE CORPORATION <5108> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 17th (14:30). The consolidated net income for the fiscal year ending December 2024 decreased 14.0% from the previous period to 284 billion yen, falling below the forecast of 336 billion yen, a complete reversal from the forecasted increase in profit. In the fiscal year ending December 2025, the profit is expected to decrease by 11.2% from the previous period to 253 billion yen.

At the same time, the company has decided to increase the dividend this fiscal year to 230 yen, an increase of 20 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated net income significantly dropped to 32.2 billion yen, a 50.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.5% in the same period last year to 5.7%.

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Actual Results

Historical Performance
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 4,430,096 443,319 421,437 284,989 416.2 210 Feb 17, 2025 IFRS
YoY +2.7% -8.0% -5.1% -14.0% -14.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 4,410,000 ー ー 336,000 490.6 210 Aug 9, 2024 IFRS
Dec, 2024 Results 4,430,096 443,319 421,437 284,989 416.2 210 Feb 17, 2025 IFRS
Revision Rate +0.5% － － -15.2% -15.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 2,176,773 280,419 276,866 199,082 290.8 105 Aug 9, 2024 IFRS
Jan - Jun, 2025 Guidance ー ー ー ー － 115 Feb 17, 2025 IFRS
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 4,313,800 481,775 444,154 331,305 484.0 200 Feb 16, 2024 IFRS
Dec, 2024 4,430,096 443,319 421,437 284,989 416.2 210 Feb 17, 2025 IFRS
Dec, 2025 Guidance 4,330,000 ー ー 253,000 379.3 230 Feb 17, 2025 IFRS
YoY -2.3% － － -11.2% -8.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 1,160,685 66,194 62,800 32,263 47.1 5.7 Feb 17, 2025 IFRS
YoY +4.0% -37.5% -27.9% -50.0% -50.0%

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