Consolidated Financial Statements for Q3 2021

Consolidated Financial Statements

for the First Three Quarters of the Fiscal Year Ending December 31, 2021

November 11, 2021

These financial statements, prepared in accordance with International Financial Reporting Standards (IFRS), have been translated for reference only from the original Japanese-language document "KESSAN TANSHIN." The entire format is pursuant to the requirements or guidance of Tokyo Stock Exchange. As for the contents, if there are any differences or discrepancies between the original Japanese-language and the English translation, the original Japanese-language supersedes this English translation.

Company name:	Bridgestone Corporation	Stock exchange listings: Tokyo, Nagoya, Fukuoka
Code number:	5108	URL: https://www.bridgestone.com/
Representative:	Shuichi Ishibashi, Member of the Board
	Global CEO and Representative Executive Officer
Contact:	Kentaro Saji, General Manager, IR Department
Telephone:	[phone]

Scheduled date of quarterly securities report submission: November 11, 2021

Scheduled date of dividend payment commencement: -

Supplementary information for the quarterly financial statements to be prepared: Yes

Meeting to explain the quarterly financial statements to be held: Yes

(All amounts are rounded off the nearest million yen)

1. Consolidated Results for the First Three Quarters of Fiscal 2021 (January 1, 2021 - September 30, 2021)

(1) Consolidated Operating Results					(Percentage figures represent year-on-year changes)
						Figures for continuing operations (Note 2)
		Revenue			Adjusted operating	Operating profit			Profit attributable to
				profit (Note 1)			owners of parent
Nine months ended		Yen in millions		%		Yen in millions		%	Yen in millions		%		Yen in millions	%
	2,401,758		19.8	277,922		168.0	265,771		-		192,904	-
September 30, 2021
Nine months ended		2,004,164		-	103,703		-	22,547		-		(40,026)	-
September 30, 2020
						Figures including discontinued operations
		Profit attributable to		Comprehensive	Basic earnings			Diluted earnings
		owners of parent		income		per share			per share
Nine months ended		Yen in millions		%		Yen in millions		%			Yen			Yen
	422,848		-	554,742		-	600.49			599.57
September 30, 2021
Nine months ended		(24,118)		-	(128,906)		-	(34.25)			(34.25)
September 30, 2020
(Notes) 1. The Group	utilizes "adjusted	operating profit" in place of the previously employed J-GAAP-based operating
income.
For details on reconciliations, please refer to page 10, "Reconciliation from adjusted operating profit to profit
before tax" under "1. Condensed Quarterly Consolidated Financial Statements and Primary Notes (6) Notes
to the Condensed Quarterly Consolidated Financial Statements."
2. The Company has classified FIRESTONE BUILDING PRODUCTS COMPANY, LLC (hereinafter "FSBP") and
its subsidiaries as discontinued operations from the first quarter of the fiscal year ending December 31, 2021.
Accordingly, profit from discontinued operations on the consolidated statement of profit or loss is presented
separately from the continuing operations. Note that for the nine months ended September 30, 2020, the
amounts for revenue, adjusted operating profit, operating profit and profit attributable to owners of parent of
the continuing operations have been restated using the same classification of operations as that used for 2021.
Therefore, the year-on-year percentage changes for these amounts are not presented.
(2) Consolidated Financial Position
									Total equity			Ratio of equity
											attributable to
		Total assets		Total equity	attributable to
					owners of parent to
									owners of parent
										total assets
		Yen in millions		Yen in millions	Yen in millions			%
As of September 30, 2021	4,452,661		2,638,926	2,596,961			58.3
As of December 31, 2020	4,189,327		2,195,291	2,149,958			51.3

2. Dividends

			Dividend per share
	1st quarter end	2nd quarter end	3rd quarter end	Year-end	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal 2020	-	50.00	-	60.00	110.00
Fiscal 2021	-	85.00	-
Fiscal 2021				85.00	170.00
(Projection)
(Note) Changes from the latest forecasts released: No

3. Consolidated Financial Results Forecasts for Fiscal 2021 (January 1, 2021 - December 31, 2021)

(Percentage figures represent year-on-year changes)

	Figures for continuing operations		Figures including discontinued operations
	Revenue		Adjusted operating	Profit attributable to	Basic earnings
		profit		owners of parent	per share
	Yen in millions	%	Yen in millions	%	Yen in millions	%	Yen
Fiscal 2021	3,320,000	18.3	360,000	84.7	325,000	-	461.53

(Note) Changes from the latest forecasts released: No

BRIDGESTONE AMERICAS, INC., a U.S. subsidiary of the Company, has concluded an agreement with LafargeHolcim Ltd., a Swiss building materials manufacturer, regarding the sale of FSBP, a subsidiary of BRIDGESTONE AMERICAS, INC. in the Americas segment, to Holcim Participations (US) Inc., the U.S. subsidiary of LafargeHolcim Ltd., on January 6, 2021 (local time), and the sale was completed on March 31, 2021.

Accordingly, the Company has classified FSBP and its subsidiaries as discontinued operations from the first quarter of the fiscal year ending December 31, 2021, and in the Consolidated Financial Results Forecasts for Fiscal 2021, revenue and adjusted operating profit show figures for continuing operations and exclude discontinued operations. Note that the amounts for revenue and adjusted operating profit for the fiscal year ended December 31, 2020 used for calculating the year-on-year percentage changes have been restated using the same classification of operations as that used for 2021, and are approximations that may change as a result of the accounting audits.

Amounts for profit attributable to owners of parent, and basic earnings per share for continuing operations only are
as follows:	¥230,000 million
	Profit attributable to owners of parent:
	Basic earnings per share:	¥326.62

• Notes
• 1. Changes in principal subsidiaries during the nine months ended September 30, 2021: No (Changes in specified subsidiaries involving change in consolidation scope)
  2. Changes in accounting policies and changes in accounting estimates

1)	Changes in accounting policies required by IFRS	: No
2)	Changes in accounting policies other than 1)	: No
3)	Changes in accounting estimates	: No

1. Number of issued shares (common stock)
2. 1. Total number of issued shares at period end (including treasury stock):

September 30, 2021	713,698,221 shares
December 31, 2020	713,698,221 shares
2) Number of shares of treasury stock at period end:
September 30, 2021	9,463,368 shares
December 31, 2020	9,566,508 shares

3) Average number of shares outstanding during the period (during the first three quarters):

First Three Quarters ended September 30, 2021	704,171,800 shares
First Three Quarters ended September 30, 2020	704,101,589 shares

• Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.

* Statement regarding appropriate use of forward-looking statements and other notes

Forecasts based on our projections and plans for the future in this document contain unpredictable elements that may cause fluctuations. As such, they do not constitute guarantees by the Company of the achievement of those forecasts. Accordingly, actual business results may differ substantially from the Company's current assessment.

Bridgestone Corporation (5108) First three quarters results of fiscal 2021

[ Index ]
1. Condensed Quarterly Consolidated Financial Statements and Primary Notes	...................................... 2
(1)	Condensed Quarterly Consolidated Statement of Financial Position..................................................	2
(2)	Condensed Quarterly Consolidated Statement of Profit or Loss ..........................................................	4
(3)	Condensed Quarterly Consolidated Statement of Comprehensive Income.........................................	5
(4)	Condensed Quarterly Consolidated Statement of Changes in Equity..................................................	6
(5)	Condensed Quarterly Consolidated Statement of Cash Flows .............................................................	8
(6)	Notes to the Condensed Quarterly Consolidated Financial Statements ............................................	10
	(Notes regarding going concern assumption)......................................................................................	10
	(Reconciliation from adjusted operating profit to profit before tax) ..................................................	10
	(Impairment of non-financialassets) ......................................................................................................	11
	(Selling, general and administrative expenses) ...................................................................................	12
	(Other income and other expenses) ......................................................................................................	12
	(Finance income and finance costs)......................................................................................................	13
	(Discontinued operations) ......................................................................................................................	14
	(Subsequent events) ...............................................................................................................................	14

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Bridgestone Corporation (5108) First three quarters results of fiscal 2021

1. Condensed Quarterly Consolidated Financial Statements and Primary Notes

1. Condensed Quarterly Consolidated Statement of Financial Position

		As of			As of
		December 31, 2020			September 30, 2021
		Millions of yen			Millions of yen
Assets
Current assets
Cash and cash equivalents	810,546	850,232
Trade and other receivables	667,761	696,456
Inventories	491,240	622,441
Other financial assets	7,277	7,507
Other current assets	76,279		83,521
Subtotal	2,053,104	2,260,157
Non-current assets held for sale	1,425		4,638
Total current assets	2,054,529	2,264,795
Non-current assets
Property, plant and equipment	1,392,141	1,382,759
Right-of-use assets	290,122	286,578
Goodwill	97,646	119,248
Intangible assets	117,481	131,491
Investments accounted for using equity	24,543	26,180
method
Other financial assets	113,222	132,646
Deferred tax assets	49,409	54,306
Other non-current assets	50,234		54,657
Total non-current assets	2,134,798		2,187,866
Total assets		4,189,327		4,452,661

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