Bridgestone Corp (OTCPK:BRDCF)

$ 32.66 0 (0%) Market Cap: 24.23 Bil Enterprise Value: 24.84 Bil PE Ratio: 10.59 PB Ratio: 0.98 GF Score: 76/100

Q2 2019 Bridgestone Corp Earnings Call Transcript

Aug 09, 2019 / NTS GMT

Release Date Price: $38.45

Transcript

Naoki Hishinuma

Bridgestone Corporation - CFO, Director of Finance Division & Treasurer

Hello. My name is Hishinuma, CFO at Bridgestone Corporation. I appreciate your attendance in this presentation today. So fiscal 2019, the first half financial results.

The table of contents. Starting with business and financial performance for the first half FY 2019. Business environment surrounding Bridgestone group. Currency exchange U.S. dollar weakened against Japanese yen, and euro strengthened against Japanese yen versus in the previous year.

Raw material prices, in particular, carbon prices remained high from the previous year.

Tire demand. In North America and European PSR-OE saw signs of weaker demand. Tire sales grows on unit basis year-on-year.

PSR sales was globally 97% dragged by the stagnated demand for OE tires in North America, 97%.

TBR. Continuously, North American OE TBR sales move was quite favorable, but at the same time, had a sales dip in China or Asia Pac. So globally, 99% on the -- of the previous year basis.

ORR both for ultra-large

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