Earnings quality
Compare earnings and operating cash flow for earnings quality.
Bridgestone Corporation
Ticker 5108 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-03-18 · Period end 2025-12-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
equity ratio is 63.7%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio63.7%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
株式会社ブリヂストン is a Japanese listed company whose core business is the manufacture and sale of electric motors, based on its annual securities report business description.
- electric motors
Segments Other · Japan · The Americas · Operating Segments Not Included In · Asia Pacific India And China · Europe Middle East And Africa
Compare trends
No phone/email found in this filing · Filing date 2026-03-18
Financial statements
Income statement
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | ¥1.7T | ¥1.7T |
| Operating profit (loss) | ¥443.3B | ¥381.2B |
| Finance income | ¥27.3B | ¥18.2B |
| Finance costs | ¥49.8B | ¥44.0B |
| Income tax expense | ¥129.2B | ¥30.5B |
| Profit (loss) | ¥292.2B | ¥334.3B |
| Profit (loss) attributable to owners | ¥285.0B | ¥327.3B |
| Basic EPS (¥) | 208.10 | 246.00 |
Balance sheet
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Cash and cash equivalents | ¥706.7B | ¥713.8B |
| Current assets | ¥2.9T | ¥2.9T |
| Non-current assets | ¥2.9T | ¥2.9T |
| Total assets | ¥5.7T | ¥5.7T |
| Short-term borrowings | — | — |
| Current liabilities | ¥1.2T | ¥1.1T |
| Non-current liabilities* | ¥760.8B | ¥905.2B |
| Total liabilities | ¥1.9T | ¥2.0T |
| Equity attributable to owners | ¥3.7T | ¥3.7T |
| Total equity | ¥3.8T | ¥3.7T |
Cash flow statement
| Account | FY2024 (ended Dec 31, 2024) | FY2025 (ended Dec 31, 2025) |
|---|---|---|
| Cash flows from operating activities | ¥548.8B | ¥660.4B |
| Cash flows from investing activities | -¥255.1B | -¥225.0B |
| Cash flows from financing activities | -¥343.3B | -¥429.9B |
| Net increase (decrease) in cash | -¥17.3B | ¥12.6B |
| Cash at end of period | ¥706.7B | ¥713.8B |
Five-year trends
Key metrics
| Metric | Trend | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | ¥3.2T | ¥4.1T | ¥4.3T | ¥4.4T | ¥4.4T | |
| Operating profit | — | — | — | ¥443.3B | ¥381.2B | |
| Profit to owners | ¥394.0B | ¥300.3B | ¥331.3B | ¥285.0B | ¥327.3B | |
| Total assets | ¥4.6T | ¥5.0T | ¥5.4T | ¥5.7T | ¥5.7T | |
| Cash & equivalents | ¥787.5B | ¥518.9B | ¥724.6B | ¥706.7B | ¥713.8B | |
| Owners’ equity | ¥2.6T | ¥3.0T | ¥3.4T | ¥3.7T | ¥3.7T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from ¥1.7T to ¥1.7T, while operating profit swung from ¥443.3B to ¥381.2B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥660.4B (prior ¥548.8B), and cash on the balance sheet rose to ¥713.8B from ¥706.7B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥2.0T while owners’ equity fell to ¥3.7T. ROE moved from 8.0% to 8.9%, and the equity ratio from 65.2% to 63.7%. Employee count is 115,716 vs 121,464 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 65.2% to 63.7%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100XRPR
(株式会社ブリヂストン), period end 2025-12-31.