Bridgestone Corporation (TSE:5108) said on October 31, 2022 it had started to look for a local buyer for its Russian operations, citing uncertainty over the outlook and ongoing supply issues. Bridgestone had decided in March to suspend all manufacturing activities and freeze new investments in Russia following the country's invasion of Ukraine. The process of finding a buyer and closing a deal would likely take several months, Bridgestone said.

It expects the exit to add to the JPY 16.8 billion ($113.5 million) impairment and other losses it booked in the second quarter.