Key Developments: Bridgestone Corp (5108.T)

5108.T on Tokyo Stock Exchange

17 Apr 2015
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Latest Key Developments (Source: Significant Developments)

BRIDGESTONE to issue year-end dividend for FY 2014
Tuesday, 17 Feb 2015 01:00am EST 

BRIDGESTONE CORP:To issue a year-end dividend of 60 yen per share, for the FY ended Dec. 2014.Dividend issued to shareholders of record as of Dec. 31, 2014.Dividend payment date March 25.Says the dividend amount is above the latest forecast of 40 yen per share disclosed on Aug. 8, 2014.  Full Article

R&I upgrades BRIDGESTONE CORP's rating to "AA" and announces stable rating outlook
Tuesday, 12 Aug 2014 02:05am EDT 

BRIDGESTONE CORP:Rating and Investment Information, Inc. (R&I) raised the company's issuer rating to "AA" from "AA-".Rating outlook stable.  Full Article

BRIDGESTONE CORP to issue year-end dividend for FY 2013
Tuesday, 18 Feb 2014 01:00am EST 

BRIDGESTONE CORP:To issue year-end dividend of 30 yen per share, above its latest year-end dividend forecast of 27 yen per share, for fiscal year ended Dec. 2013.Dividend to be paid to shareholders as record of Dec. 31, 2013, on March 26.  Full Article

BRIDGESTONE CORP announces plea agreement with U.S. Department of Justice regarding certain automobile parts
Thursday, 13 Feb 2014 05:30pm EST 

BRIDGESTONE CORP:Says entered into a plea agreement with the U.S. Department of Justice on Feb. 13.Says BRIDGESTONE will plead guiltyBSJ will plead guilty BSJ will plead guilty to an antitrust conspiracy with respect to the sale of anti-vibration rubber products for vehicles and will pay a find of $425 million.  Full Article

Sameer Africa Ltd's 14.9% Stake to be Acquired by Sameer Investments from BRIDGESTONE CORP-All Africa
Tuesday, 29 Oct 2013 08:00pm EDT 

All Africa reported that Sameer Investments has announced its intention to acquire additional shares of listed tyre manufacturer Sameer Africa Ltd by purchasing all the shares held by Bridgestone Corp. Sameer Investments is shareholder at 57.24% stake in Sameer Africa and after the acquisition of Bridgestone's 14.9% stake it will hold 72.14% of the tyre manufacturer. Sameer Investment will pay a price of approximately Sh5 for the 41.5 million shares held by Bridgestone. Sameer Africa deals in the Yana and Bridgestone brands with subsidiaries in Tanzania and Uganda and exports to Malawi, South Sudan, DR Congo, Zambia, Ethiopia, Sudan, Zimbabwe and Somalia. Sameer Africa is also involved in real estate owning two properties - Sameer Industrial Park and Sameer Export Processing zone. The Company posted a 94% rise in earnings in the 2012 full fiscal year results driven by increased tyre sales. The firm is banking on new export market and increased new vehicle sales to drive turnover going forward.  Full Article

BRIDGESTONE CORP to Increase Production Capacity at Vietnam Tire Plant - Asahi Shimbun
Wednesday, 16 Oct 2013 08:00pm EDT 

Asahi Shimbun reported that Bridgestone Corp announced on October 16, 2013, that its Vietnamese subsidiary will increase production capacity at its radial tire plant currently under construction in Hai Phong, bringing total investment in the facility to JPY 41.6 billion (USD 422.7 million).  Full Article

BRIDGESTONE CORP To Ramp Up Capacity At Second India Plant By End-2015 - Business Standard
Thursday, 10 Oct 2013 05:17am EDT 

Business Standard reported that BRIDGESTONE CORP plans to more than double the capacity at its second plant in India by the end of 2015, the head of its India operations said on October 10, 2013. The plant, located in the western city of Pune, will be able to produce about 10,000 passenger car tyres per day by end-2015 from 4,000 at end 2013, Tomio Fukuzumi, managing director, Bridgestone India, said.  Full Article

BRIDGESTONE CORP Announces Full-year Forecast for FY 2013- Dow Jones
Thursday, 8 Aug 2013 01:00pm EDT 

Dow Jones reported that BRIDGESTONE CORP is expecting the full-year revenue to be JPY 3,590 billion, operating profit to be JPY 400 billion, pretax profit to be JPY 381 billion, net profit to be JPY 246 billion and earning per share to be JPY 314.22, for the fiscal year ending December 2013. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 3,560.01 billion, operating profit of JPY 412.89 billion and net profit of JPY 253.47 billion, for the same fiscal year.  Full Article

R&I Affirms BRIDGESTONE CORP's Rating at "AA-"; Rating Outlook Stable
Friday, 17 May 2013 02:00am EDT 

Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on BRIDGESTONE CORP at "AA-". The rating outlook is stable.  Full Article


Pirelli CEO says counterbid by Bridgestone would be 'disaster'

MILAN - Italian tire maker Pirelli has had no contacts over a possible counterbid that would trump a buyout offer by China National Chemical Corp, its chairman and chief executive Marco Tronchetti Provera told Reuters in an interview.

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