Tokyo - Bridgestone Corporation (Bridgestone) announced today that Bridgestone Sport Co., Ltd. (BSP), Bridgestone's subsidiary in Japan, will sell all of its stock of Bridgestone Tecnifibre Co., Ltd. (BSTF) to YONEX CO., LTD.

BSP has already withdrawn from tennis goods business as of December 31, 2020.

Bridgestone is restructuring the portfolio of its diversified products business to sharply focus on areas where it can leverage its core competencies. This is part of the overall reinforcement of portfolio management in the Mid Term Business Plan (2021-2023), announced on February 16, 2021. The Mid Term Business Plan aims to rebuild earning power through expense and cost structure reformation and enforcing premium business strategy to allow the company to enhance strategic growth investment. By executing these strategies, Bridgestone is transforming to a 'strong' Bridgestone capable of adapting to the changing business environment.

About Bridgestone Corporation

Bridgestone is a global leader in tires and rubber building on its expertise to provide solutions for safe and sustainable mobility. Headquartered in Tokyo, the company employs approximately 140,000 people globally and conducts business in more than 150 countries and territories worldwide. Bridgestone offers a diverse product portfolio of premium tires and advanced solutions backed by innovative technologies, improving the way people around the world move, live, work and play.

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