Bridgestone Announces Progress in Restructuring Diversified Products.

* Products Business Based on Mid Term Business Plan (2021-2023)

* Restructuring Its Production Activities at Iwata Plant

Tokyo - Bridgestone Corporation (Bridgestone) announced today that it will restructure its production activities at Iwata Plant, its Diversified Products Plant in Japan.

The initiative is a part of the company's global expense and cost structure review established in the Mid Term Business Plan (2021-2023), announced on February 16, 2021. The Mid Term Business Plan aims to strengthen Bridgestone's business portfolio management, allowing the company to adapt quickly to changing business conditions, while rebuilding the company's earning power of its core business through expense and cost structure reformation and enforcing the premium business

strategy as a basis, and enhancing strategic growth investments.

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