Bridgestone (5108) Q2 2026 earnings summary

Executive summary

• Achieved record-high revenue of ¥2,321.7B (+10% YoY) and adjusted operating profit of ¥280.9B (+20% YoY) in 1H 2026, with profit attributable to owners of parent up 79% YoY to ¥206.2B, driven by sales growth, improved pricing, and cost reductions.

• Comprehensive income improved to ¥305,724 million from a loss of ¥66,435 million in the prior year period.

• Growth was broad-based across regions and segments, with notable improvements in Americas, Europe, and Japan.

• The anti-vibration rubber business was classified as discontinued operations, with related profit and cash flows separately disclosed.

Financial highlights

• Adjusted operating profit margin improved to 12.1% (+1.0pp YoY), with Q2 revenue up 14% YoY and Q2 adjusted operating profit up 29% YoY.

• Free cash flow increased to ¥221.5B (+¥63.3B YoY), and cash and equivalents rose to ¥791.7B.

• Total assets as of June 30, 2026, were ¥5,903.0B, up from ¥5,747.7B at year-end 2025.

• Basic earnings per share for the first half was ¥163.30, nearly doubling from ¥85.11 YoY (reflecting a 2-for-1 stock split effective January 1, 2026).

• Net cash provided by operating activities increased to ¥341,827 million from ¥279,125 million YoY.

Outlook and guidance

• Fiscal 2026 guidance maintained: revenue ¥4,500.0B (+2% YoY), adjusted operating profit ¥515.0B (+4% YoY), margin 11.4%.

• Profit attributable to owners of parent forecast at ¥340.0B (+4% YoY); dividend per share to rise ¥10 to ¥125.

• Basic earnings per share for FY2026 is forecast at ¥270.87.

• 2H cost impact from Middle East situation expected to exceed ¥60.0B; full-year impact approx. ¥70.0B.