Bridgestone Corp (WBO:BRDG)

€ 33.33 0 (0%) Market Cap: 22.94 Bil Enterprise Value: 23.52 Bil PE Ratio: 11.70 PB Ratio: 0.98 GF Score: 87/100

Q1 2019 Bridgestone Corp Earnings Call Transcript

May 13, 2019 / NTS GMT

Transcript

Naoki Hishinuma

Bridgestone Corporation - CFO, Director of Finance Division & Treasurer

Hello, my name is [Ms.] Hishinuma. I am the CFO of Bridgestone. Thank you very much for participating in today's teleconference. I am going to report on the financial results for the first quarter of fiscal 2019.

I would like to explain to you that there are presentation materials available on our website. And this so, if you can have an access, please take a look. And after the presentations, we will be accepting your questions.

Page 2, business and financial performance for the first quarter as well as the consolidated projections for the first half fiscal 2019.

First quarter results for fiscal 2019 first, Page #4, business environments surrounding Bridgestone Group. The stronger USD versus the Japanese yen, euro, made a stronger Japanese yen versus the previous year. Raw material prices, natural rubber and crude oil like lower than in the previous year, tire demand. Although there were some signs of weakness such as for PSR, OE segment in Europe and North America, global tire demand

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