Bridgestone 2011 Annual Report Download

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Annual Report 2011
Operational Review

Table of contents

  • Page 1
    Annual Report 2011 Operational Review

  • Page 2
    ... 01 FINANCIAL HIGHLIGHTS 02 SEGMENT HIGHLIGHTS 04 MANAGEMENT TASKS 08 RESEARCH AND DEVELOPMENT 11 CORPORATE GOVERNANCE, COMPLIANCE, AND RISK MANAGEMENT 14 BOARD OF DIRECTORS AND CORPORATE AUDITORS 15 SHAREHOLDER INFORMATION OUR BUSINESS TIRE BUSINESS The Group provides tires for passenger cars...

  • Page 3
    FINANCIAL HIGHLIGHTS Bridgestone Corporation and Subsidiaries Years ended December 31, 2011, 2010, and 2009 2011 2010 2009 Millions of yen 2011/2010 Percent change 2011 Thousands of U.S. dollars1 Net Sales Overseas Sales Operating Income Net Income Total Equity Total Assets Capital ...

  • Page 4
    ... products, civil engineering and construction materials and equipment, and other Sporting goods: Golf balls, golf clubs, other sporting goods, and other Bicycles: Bicycles, bicycle-related goods, and other Other: Finance, and other Net Sales / Operating Income Margin ¥ billion 2011 2010 2009 2008...

  • Page 5
    ... territories of external customers. For net sales, operating profits, and operating margins by geographic segment, please refer to Supplementary Information of FY 2011, whose URL is http://www. bridgestone.com/ir/library/result/pdf/ e_h23_supplementary.pdf Annual Report 2011 Operational Review 03

  • Page 6
    ... integration and expansion of business domains; 3. To aim for the real global corporation, adopting a strategic business unit (SBU) organization; and 4. To aim for optimum management of the entire Group, utilizing the Mid-Term Management Plan (MTP). The Companies face rapid, major structural changes...

  • Page 7
    ... of the supply chain, we will control tire quality and cost beginning at the raw material level. In the downstream, we will expand the network of retail outlets to provide customers with optimal products and services on a timely basis. In addition, we will Annual Report 2011 Operational Review 05

  • Page 8
    ... the long-term direction of the Companies' environmental activities. The refined mission statement will help to raise environmental awareness of the Companies' employees Bridgestone's resources for vertical integration: upstream rubber operations in Indonesia (top) and downstream Bridgestone Select...

  • Page 9
    ... product safety, compliance and disaster prevention and safety initiatives; internal control improvement; employee education; and corporate citizenship activities. Environmental Mission Statement clarifies the directions of Bridgestone's long-term aspirations. Annual Report 2011 Operational Review...

  • Page 10
    ..., implement global development, and expand original equipment offerings on new cars. The Bridgestone Group is also developing Eco Value Pack as a solutions business utilizing retread tires. This business will contribute to environmental conservation through reductions in resource consumption, energy...

  • Page 11
    ... products, and is actively working to promote them. In addition, because Run-flat Technology tires eliminate the need for a spare tire (emergency-use tire), they help to conserve resources and support improved fuel efficiency through reduced vehicle weight. The Group launched the POTENZA S001 RFT...

  • Page 12
    ... in the performance of its products, the Group will work to make a contribution to the wider implementation of green energy. In seismic isolators, which are used to protect structures from collapse or damage caused by earthquakes, Bridgestone is working to develop highperformance products that are...

  • Page 13
    ... the execution of business operations. There were 9 directors, including 4 outside directors, as of December 31, 2011. Bridgestone employs a corporate auditor governance model as specified in the Companies Act. The corporate auditors audit the execution of duties by the directors, while the Board of...

  • Page 14
    ... this policy, all employees of the parent company, Bridgestone Corporation, undergo privacy training and are provided access to related awareness programs to address this important issue. On May 1, 2006, the Board of Directors instituted an official company policy governing internal control systems...

  • Page 15
    ...directors) Chairman of the Board Corporate Auditors' Office Directorial Personnel and Compensation Committee Accounting audit Management oversight Operational execution Corporate Officer responsible for Internal Auditing Internal Auditing Office Internal audit CEO and Representative Board Member...

  • Page 16
    ... 2-16 of the Corporate Law of Japan For information regarding corporate officers, please refer to the Bridgestone Data 2012. http://www.bridgestone.co.jp/corporate/library/data_book/pdf/BSDATA2012.pdf For information regarding major subsidiaries, please refer to the Business Report for the 93rd...

  • Page 17
    ... Issued: 813,102,321 Transfer agent Independent auditors Deloitte Touche Tohmatsu LLC Technical centers Bridgestone Corporation: Tokyo and Yokohama, Japan Bridgestone Americas: Akron, Ohio, United States Bridgestone Europe: Rome, Italy Common stock price range (Tokyo Stock Exchange) 2005 2006 2007...

  • Page 18
    Bridgestone Corporation 10-1, Kyobashi 1-chome, Chuo-ku, Tokyo 104-8340, Japan www.bridgestone.co.jp April 2012