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MarketScreener Homepage  >  Equities  >  Tokyo  >  Bridgestone Corporation    5108   JP3830800003

BRIDGESTONE CORPORATION

(5108)
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BRIDGESTONE : LAUNCHES NEW ALL-POSITION TIRE FOR REGIONAL PICKUP AND DELIVERY SERVICE APPLICATIONS

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12/24/2019 | 10:33am EST

Highlights:

* The Bridgestone M704 tire is specially designed to tackle difficult hauling environments, delivering the performance and wear life that these fleets need to keep our country moving every day.

* Ben Johnson, director of marketing, truck and bus radial tires, U.S. and Canada, Bridgestone Americas Tire Operations (BATO)

* The Bridgestone M704 tire is designed to deliver traction in rainy, muddy and snowy conditions

Bridgestone Americas, Inc. (Bridgestone) today announced the release of the new Bridgestone M704 all-position tire, designed to provide fleets optimal performance in wet weather conditions. Engineered for regional pickup and delivery service applications, the Bridgestone M704 tire is uniquely suited for the steer and drive axle positions. Featuring a deep tread for long wear life and a tread pattern designed for excellent traction, the new Bridgestone M704 tire is tough enough to withstand the high-scrub environments that regional fleets encounter.

'Fleets that operate in the regional pickup and delivery service sector need tires that can handle the harsh conditions of city streets, especially in challenging weather conditions where traction is critical,' said Ben Johnson, director of marketing, truck and bus radial tires, U.S. and Canada, Bridgestone Americas Tire Operations (BATO). 'The Bridgestone M704 tire is specially designed to tackle difficult hauling environments, delivering the performance and wear life that these fleets need to keep our country moving every day.'

Key features of the Bridgestone M704 tire include:

Three-Peak Mountain Snowflake (3PMSF) certification for winter traction performance;

Tread pattern edge design to promote wet traction;

20/32nds tread depth to promote long tread wear life;

Wide flow-through tread grooves to effectively expel water and deliver solid wet traction;

Block sipes in the tread pattern to slice through water and improve contact with the road; and

The new Bridgestone M704 tire for regional pickup and delivery service applications is now available in the U.S. and Canada in the 225/70R19.5 size with N speed rating. The tire is designed to pair with a Bandag retread to help fleets capitalize on the casings full performance potential. For more information on the Bridgestone M704 tire and other product offerings, visit https://commercial.bridgestone.com/en-us/index.

About Bridgestone Americas, Inc.:

Nashville, Tenn.-based Bridgestone Americas, Inc. (BSAM) is the U.S. subsidiary of Bridgestone Corporation, the world's largest tire and rubber company. BSAM and its subsidiaries develop, manufacture and market a wide range of Bridgestone, Firestone and associate brand tires to address the needs of a broad range of customers, including consumers, automotive and commercial vehicle original equipment manufacturers, and those in the agricultural, forestry and mining industries. The companies are engaged in retreading operations throughout the Western Hemisphere and produce air springs, roofing materials, and industrial fibers and textiles. The BSAM family of companies also operates the world's largest chain of automotive tire and service centers. Guided by its global corporate social responsibility commitment, Our Way to Serve, the company is dedicated to improving the way people live, work, move and play in all of the communities it calls home.

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (JPY)
Sales 2019 3 517 B
EBIT 2019 333 B
Net income 2019 275 B
Debt 2019 42 781 M
Yield 2019 4,11%
P/E ratio 2019 10,2x
P/E ratio 2020 11,1x
EV / Sales2019 0,79x
EV / Sales2020 0,76x
Capitalization 2 739 B
Technical analysis trends BRIDGESTONE CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 4 072,50  JPY
Last Close Price 3 891,00  JPY
Spread / Highest target 28,5%
Spread / Average Target 4,66%
Spread / Lowest Target -10,0%
EPS Revisions
Managers
NameTitle
Masaaki Tsuya Chairman & Chief Executive Officer
Akihiro Eto President, Chief Operating Officer & Director
Masato Sakano Chief Technology Officer
Scott Trevor Davis Independent Outside Director
Tsuyoshi Yoshimi Director
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