Bridgestone Corp (TSE:5108)

円 6808 -148 (-2.13%) Market Cap: 4.66 Til Enterprise Value: 4.82 Til PE Ratio: 14.08 PB Ratio: 1.39 GF Score: 91/100

Q1 2020 Bridgestone Corp Earnings Call Transcript

May 11, 2020 / NTS GMT

Release Date Price: 円3422 (+3.60%)

Transcript

Naoki Hishinuma

Bridgestone Corporation - CFO, Director of Finance Division & Treasurer

Hello. This is Hishinuma, CFO at Bridgestone Corporation. Thank you very much for participating in this conference call in which I'm going to give you the report on the financial results for the first quarter FY 2020.

First, my presentation will refer to the presentation materials available on the company's web page, to be followed by questions and answers, as always. So please have the presentation materials ready.

Page 2. Here's the agenda of my presentation today, starting with the impacts of COVID-19 and Bridgestone's policies in response. Moving on to business financial performance for the first quarter as well as consolidated projections for FY 2020.

Page 3. Impacts of COVID-19 and Bridgestone's policies in response.

Page 4. So first, I would like to begin by describing the impact of COVID-19 in Bridgestone's business. In all areas, drops in demand for OE and REP tires stemming from global reductions in automobile productions and lower operating ratios of passenger and

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