Bridgestone will make further progress in the reorganization and restructuring of its European operations during the period of its 24MBP medium-term business plan, aiming to raise the adjusted operating margin of its European operations from 1% in 2023 to 8% in 2026, the final year of the 24MBP plan, and clear the 5.5% WACC (weighted average cost of capital) threshold....
Bridgestone announced its three-year medium-term business plan, 24MBP, covering the period from 2024 to 2026. The indicators for 2026, the final year of the plan, are revenue of 4.8 trillion yen ($32.2 billion), adjusted operating income of 640 billion yen, adjusted operating margin of 13%, ROIC (return on invested capital) of 10%, ROE (return on equity) of 11%, and dividend...
Bridgestone has been recognized by the Japan Women’s Innovative Network (J-Win), an organization established to support the promotion and establishment of diversity management in the corporate sector. The company has been awarded the “Basic Achievement Runner-Up Award” in the basic category of the “2024 J-Win Diversity Awards,” which are given to leading companies that promote diversity and inclusion (DE&I). Bridgestone...
NTT and Bridgestone have selected “Digital Twin,” “Sustainability,” and “Environmental and People-Friendly Urban Development through Tires” as joint creation themes that use the technological strengths of both companies, and began their efforts on February 29. The joint experiments will be promoted for each theme, with the aim of creating new technology and value by sequentially starting social implementation in the...
Bridgestone will in March begin testing its Air Free tire on public roads near Kodaira City, Tokyo, where the Bridgestone Innovation Park is located. In the demonstration test, the Air Free will be installed on a test vehicle to verify the characteristics and functions of the tire in various public road environments that closely resemble actual usage environments, and to...
Bridgestone’s Diversified Products business is steadily improving its performance. In the fiscal year ended December 31, 2023, this business posted sales revenue of 298.4 billion yen ($1.98 billion), up 7% from the previous year, adjusted operating profit of 13.2 billion yen, up 39%, and adjusted operating profit margin of 4.4%, up 1.0 percentage point. The Chemical Products business posted sales...
