Full Year 2021 Bridgestone Corp Earnings Presentation Transcript - Thomson StreetEvents

Full Year 2021 Bridgestone Corp Earnings Presentation Transcript

Full Year 2021 Bridgestone Corp Earnings Presentation Transcript - Thomson StreetEvents
Full Year 2021 Bridgestone Corp Earnings Presentation Transcript
Published Feb 15, 2022
16 pages (11165 words) — Published Feb 15, 2022
Price US$ 54.00  |  Buy this Report Now

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Abstract:

Edited Transcript of 5108.T earnings conference call or presentation 15-Feb-22 10:59am GMT

  
Brief Excerpt:

...Ladies and gentlemen, welcome. I am Masuo Yoshimatsu, Global CFO of Bridgestone Corporation. Today, I will give you Mid Term Business Plan progress update on behalf of Ishibashi, Global CEO. Bridgestone Group announced Mid Term Business Plan for 3 years from 2021 to 2023 in last February and proceeded with aggressive approach and challenged split. Today, I would like to explain the execution and the result in 2021 and the plans for 2022. What we are aiming for a Mid Term Business Plan for 2023 is to transform into strong Bridgestone, which can respond to changes in the business environment with agility. In order to explain 2021 and 2022 initiatives, I organized our initiatives into 3 time lines, past, present and future. First of all, we tackle the past negative legacies without delay. It is mainly about rebuilding earning power. In 2021, we have executed manufacturing footprint and business portfolio restructuring and expense and cost structure reformation. In addition, we have set ROIC...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Bridgestone Corp
Ticker
5108.T
Time
10:59am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Kazunori Maki - SMBC Nikko Securities Inc., Research Division - Analyst : I have one question regarding the future growth potential. As mentioned earlier, major restructuring phase has been completed, and you are going to strengthen your business under the new structure basically. Earlier, you talked about JPY 450 billion as the adjusted operating profit target for fiscal 2023, you haven't revised that. So am I correct to assume that you expect gradual growth going forward rather than dramatic growth resulting from drastic restructuring measures implemented? I know you have yet to work out the details of the outlook for fiscal 2023, but can you share with us your general view for fiscal 2023, the profit level as well as the speed of growth beyond fiscal 2023?

Question: Kazunori Maki - SMBC Nikko Securities Inc., Research Division - Analyst : Just one question for clarification. The guidance for this fiscal year, I don't see much improvement in the conversion cost. In the previous year in fiscal 2021, Q4, the effect of improvements in Genba operations among conversion cost was negative. Now am I correct to understand that what you expect -- that you expect an increase in labor costs and other cost increases to be offset there going forward?

Table Of Contents

Full Year 2022 Bridgestone Corp Earnings Presentation Transcript – 2023-02-16 – US$ 54.00 – Edited Transcript of 5108.T earnings conference call or presentation 16-Feb-23 10:59am GMT

Bridgestone Corp Q3 2022 Earnings Presentation Transcript – 2022-11-10 – US$ 54.00 – Edited Transcript of 5108.T earnings conference call or presentation 10-Nov-22 10:59am GMT

Bridgestone Corp 2030 Long Term trategic Aspiration Briefing Transcript – 2022-08-31 – US$ 54.00 – Edited Transcript of 5108.T conference call or presentation 31-Aug-22 10:59am GMT

Bridgestone Corp Q2 2022 Earnings Presentation Transcript – 2022-08-10 – US$ 54.00 – Edited Transcript of 5108.T earnings conference call or presentation 10-Aug-22 10:59am GMT

Bridgestone Corp Q1 2022 Earnings Presentation Transcript – 2022-05-11 – US$ 54.00 – Edited Transcript of 5108.T earnings conference call or presentation 11-May-22 10:59am GMT

Bridgestone Corp Q3 2021 Earnings Presentation Transcript – 2021-11-11 – US$ 54.00 – Edited Transcript of 5108.T earnings conference call or presentation 11-Nov-21 10:59am GMT

Bridgestone Corp Q2 2021 Earnings Presentation Transcript – 2021-08-10 – US$ 54.00 – Edited Transcript of 5108.T earnings conference call or presentation 10-Aug-21 10:59am GMT

Bridgestone Corp Q1 2021 Earnings Presentation Transcript – 2021-05-17 – US$ 54.00 – Edited Transcript of 5108.T earnings conference call or presentation 17-May-21 10:59am GMT

Full Year 2020 Bridgestone Corp Earnings Presentation Transcript – 2021-02-16 – US$ 54.00 – Edited Transcript of 5108.T earnings conference call or presentation 16-Feb-21 10:59am GMT

Bridgestone Corp Q3 2020 Earnings Presentation Transcript – 2020-11-12 – US$ 54.00 – Preliminary Transcript of 5108.T earnings conference call or presentation 12-Nov-20 10:59am GMT

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Thomson StreetEvents. "Full Year 2021 Bridgestone Corp Earnings Presentation Transcript" Feb 15, 2022. Alacra Store. May 17, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2021-Bridgestone-Corp-Earnings-Presentation-T15120727>
  
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Thomson StreetEvents. (2022). Full Year 2021 Bridgestone Corp Earnings Presentation Transcript Feb 15, 2022. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2021-Bridgestone-Corp-Earnings-Presentation-T15120727>
  
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