Bridgestone Corp Q3 2023 Earnings Presentation Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Kazunori Maki - SMBC Nikko Securities Inc., Research Division - Analyst : [Interpreted] Thank you Maki from SMBC Nikko Securities. I have also two questions. So we've been talking about this TB business in the United States, TFC, HRD premium area business has then is something that I would like to reconfirm once again. Looking at the situation in the first quarter, it was 13% second quarter a 13% increase in the third quarter, a 5% increase. So the margin of increase is dropping. And in relation to the pricing, probably the growth rate has come to drop. Well, conventionally, it was like 10% growth or 20% growth I think this is a market that allowed REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 10, 2023 / NTS, 5108.T - Q3 2023 Bridgestone Corp Earnings Presentation double-digit growth. And so I'd like to confirm that this basic story line can be maintained or next year, I believe you are trying to make a major recovery in this area. So HRD, especially the strength in the U.S. market is what I would like to confirm.

Question: Kazunori Maki - SMBC Nikko Securities Inc., Research Division - Analyst : [Interpreted] Yes, so I've noticed that things are changing. In the premium zone, you are quite competitive and you have a well balanced in the portfolio already. And in terms of the pricing, you have been able to hold on to that pricing wise.

Question: Kazunori Maki - SMBC Nikko Securities Inc., Research Division - Analyst : [Interpreted] So you had the subject of my second question, which is ENLITEN Page #12, 10% this year and mid next year. This sort of portion occupied by ENLITEN will become the bigger and bigger as years go by. As that happens, the profit mix this should go up as well. Is that correct? Because HLP has been driving the improvement of the profitability. But now going to the ENLITEN I suppose that due the increase in profitability will be necessary to the penetration of the enlightens against the total would be necessary to cover the cost incurred in the making production, manufacturing of this ENLITEN tires. So I would like to think about the possible the profit contribution coming from further penetrated ENLITEN fitted vehicles.