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
: This is Maki from SMBC Nikko Securities. Hello. So I would like to ask two questions today. The first question refers to the FY '23 performance,
particularly with respect to the second quarter. And the other question has to do with the midterm business plan.
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AUGUST 09, 2023 / NTS, 5108.T - Q2 2023 Bridgestone Corp Earnings Presentation
The second quarter, what is your take as to the actual versus the plan? I'm sure that you have some thoughts, so I would like to hear more. And as
regards the full year guidance, my impression is that your view has become somewhat a little weaker. So I would like to hear more because looking
at second quarter performance by product, for instance, in the TBR area, it's not as the performance was noticeably weaker.
And the same in your European operation and reference to other competitors operating in the same region, not so -- weak. So I would like to hear
your thoughts further. Do you think that you can attain the forecast and the goal that you established by the end of the fiscal year? But do you
think that there are some possible scenarios, which you point to the deterioration of the business environment? So how high is the hurdle ahead
of you?
Question: Kazunori Maki - SMBC Nikko Securities Inc., Research Division - Analyst
: Well, thank you very much for saying that Mr. Ishibashi and Mr. Hishinuma, let me check something. So for the second half of this fiscal year, Europe
and North America, my impression is that you seem to have concern for the trucking bus business in both of these regions. But it seems that in
North America for the high-rim diameter tire business, relative strength seems to be there. And so the trend may be different between Europe and
the North America.
Question: Kazunori Maki - SMBC Nikko Securities Inc., Research Division - Analyst
: Thank you. I understand. So the second question has to do with midterm business plans, but it's not very midterm because I'm referring to the next
fiscal year. What do you think there would be the sources of growth of the good performance because macro economy and the FX market, there
was outside of under control of anyone setting those externalities aside for your tire business, for instance, do you think that ENLITEN, can they
penetrate further into a replacement market, which may positively trend in the mood of the market into your favor? What about BCMA? Do you
think the good effects will come about?
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