27+ Bridgestone statistics [2023]: Figures and charts

This article delves into the statistics of Bridgestone Tires, a prominent name in the automotive industry. The spotlight is on the company’s financial performance, including net sales and investments in research and development, along with its vast global workforce of over 135,000 employees. By analyzing these significant metrics, readers can gain a better understanding of Bridgestone’s growth as a top-tier manufacturer of high-quality tire products and services, catering to customers worldwide.

• Bridgestone is the second largest tire company in the global market after Michelin, with a market share of 12.5%.
• Bridgestone operates a total of 114 manufacturing plants across the world.
• Bridgestone has a global R&D network with facilities located in multiple regions worldwide. It operates a total of 16 R&D facilities globally.
• The Americas have the highest regional production, with a range of 560,000 to 600,000 tires produced.

Key and recent statistics

Industry: Automotive (Automotive and Suppliers)
Founded: March 1, 1931
Headquarters: Tokyo
Country: Japan
Chief Executive Officer: Shuichi Ishibashi
Employees: 135,636

Bridgestone is a global company with a long and rich history. It was established in 1931 as Bridgestone Tire Corporation in Kurume, Fukuoka, Japan and started production of automotive tires. Over the years, the company has expanded its product offerings to include golf balls, anti-vibration rubber, belts, hoses, polyurethane foam, and more.

The company has also established joint ventures and acquired other companies to expand its operations globally, including in the United States, Thailand, India, China, Australia, Europe, and South Africa. Bridgestone has also been listed on the Tokyo and Osaka Stock Exchanges since 1961.

In recent years, Bridgestone has continued to grow and expand through acquisitions, such as Bridgestone Europe’s acquisition of the Ayme group in France in 2017 and the acquisition of TomTom Telematics (now Webfleet Solutions) in 2019. In 2021, Bridgestone Americas acquired Azuga Holdings, Inc.

Overall, Bridgestone has a long and diverse history of growth and expansion, both in terms of product offerings and geographic reach. The company has been able to adapt and evolve to meet the changing needs of the market, making strategic acquisitions and partnerships along the way.

Bridgestone history timeline

Bridgestone worldwide revenue statistics

• Bridgestone’s revenue has fluctuated over the years with peaks in 2011 and 2018 and a trough in 2020.
• Revenue took a significant hit in 2020 due to the impact of the COVID-19 pandemic on the global economy.
• Bridgestone’s revenue rebounded in 2021, but it has not yet reached the levels seen in previous years.
• The company’s revenue in 2021 is still higher than in 2015 and 2016.
• Bridgestone is a stable and successful company with revenue that fluctuates over time but remains relatively strong.

Bridgestone’s operating profit statistics

• Bridgestone’s operating profit has been volatile, with fluctuations over the years.
• Operating profit declined from 2014 to 2017, reaching a low point of $3.7 billion in 2017.
• Operating profit slightly recovered in 2018 and 2019, reaching $3.7 billion and $3 billion, respectively.
• Operating profit declined again in 2020, reaching $2.1 billion.
• In 2021, operating profit showed a significant recovery, reaching $3.6 billion.

Bridgestone net income statistics

• Bridgestone’s net income significantly grew from 2014 to 2018, reaching a peak of $2.7 billion in 2018.
• Net income declined in 2019 and 2020, with a net loss of $219 million reported in 2020.
• In 2021, net income showed a significant recovery, reaching $3.6 billion.
• Bridgestone’s net income has been volatile, with fluctuations over the years, but generally trended upwards since 2021.
• The significant recovery in 2021 suggests that the company has been able to overcome the challenges faced in 2020 and is on a positive trajectory.

Bridgestone R&D expenditure statistics

• Bridgestone’s R&D expenses have been relatively stable over the years, fluctuating between $787 million and $967 million.
• The highest R&D expenses were recorded in 2018 at $941.9 million, while the lowest were recorded in 2015 at $787.7 million.
• R&D expenses have generally trended downwards since 2018.
• Bridgestone reported an R&D expense of $869 million in 2021.

Bridgestone net sales by region statistics

• Bridgestone’s net sales in Japan have remained stable over the years, fluctuating between $6 billion and $7 billion.
• Net sales in the Americas have been the largest among the regions, with a peak of $18.2 billion in 2015 and a low of $11.6 billion in 2020.
• Net sales in Europe, Russia, Middle East, India, and Africa have generally been increasing over the years, reaching a peak of $7.1 billion in 2021.
• Net sales in China and the Asia-Pacific region have been the lowest among the regions, with a low of $3.6 billion in 2020 and a slight recovery in 2021 to $4.2 billion.

Bridgestone global tire market share statistics

• Bridgestone is the second largest tire company in the global market after Michelin, with a market share of 12.5%.
• Goodyear and Continental are also among the top tire companies, with market shares of 8.4% and 6.8%, respectively.
• The rest of the tire companies listed have smaller market shares, with Sumitomo, Pirelli, and Hankook having market shares between 4% and 3.4%.
• The “Others” category accounts for a significant portion of the market, with a market share of 36.6%.
• The market share of the leading tire brands has generally remained stable over the past three years, with fluctuations of no more than 1.5%.
• The market share of the “others” category has also remained relatively stable, with a slight decline from 33.2% in 2019 to 36.6% in 2021.
• The global tire market is dominated by a few major players, with Michelin being the largest and Bridgestone being the second largest.
• The remaining tire companies have smaller market shares, and the “Others” category accounts for a significant portion of the market.

Bridgestone manufacturing plants number by region statistics

• Bridgestone has a significant global presence with multiple manufacturing plants worldwide.
• The company operates a total of 114 manufacturing plants across the world.
• The Americas have the largest number of plants, with 34 in total.
• Europe, Russia, Middle East, and Africa have 17 plants.
• China and the Asia-Pacific region have 29 plants.
• Japan has 34 plants.

Bridgestone number of R&D facilities by region statistics

• Bridgestone has a global R&D network with facilities located in multiple regions worldwide.
• The company operates a total of 16 R&D facilities globally.
• The Americas and China/Asia-Pacific region have the largest number of R&D facilities, with 5 facilities each.
• Europe, Russia, Middle East and Africa have 2 facilities.
• Japan has 4 facilities.

Bridgestone global tire production statistics

• The highest production was in 2018, with a total of 1.87 million tires.
• The lowest production was in 2020, with a total of 1.44 million tires.
• The Americas have the highest regional production, with a range of 560,000 to 600,000 tires produced.

Japan and Europe, Russia, Middle East, India, and Africa have also produced a significant number of tires, with ranges between 400,000 and 590,000 tires. China and the Asia-Pacific region have produced the least number of tires, with ranges between 300,000 and 540,000 tires.

Bridgestone employee count statistics

• Bridgestone’s employee count has fluctuated over the years.
• The highest number of employees was 145,029 in 2014.
• The lowest number of employees was 135,636 in 2022.
• The employee count has generally decreased over the years.
• There was a decrease of approximately 6,000 employees from 2021 to 2022.
• The decline in employee count could be due to various reasons such as restructuring, automation, or cost-cutting measures.

Bridgestone acquisitions & investments statistics

• Bridgestone has made several acquisitions over the years as part of its growth strategy.
• The company has acquired companies in different industries, including telematics, tire distribution, and tire services.
• The acquisition of TomTom Telematics in 2014 for €910 million shows Bridgestone’s commitment to expanding into the telematics space and providing customers with advanced technology solutions.
• The acquisition of Pep Boys in 2015 demonstrates Bridgestone’s commitment to expanding its retail presence in the US market.
• Bridgestone’s acquisition strategy has allowed the company to expand its offerings, increase its market presence, and improve its competitiveness in various industries.
• The company invested in Car IQ during its Series B funding round and raised $15 million in February 2023.
• Bridgestone invested in May Mobility during a Corporate Round, but the amount raised is unknown.
• Bridgestone invested in ClearMotion during its Series D funding round and raised $115 million in January 2019.

Bridgestone patents statistics

• Bridgestone has a total of 30,029 patents in families.
• Out of these patents, 7,099 have been granted and there are 22,930 patent applications.
• The majority of these patents are located in Japan, with 11,712 patents.
• Europe has 5,518 patents, the United States has 4,329 patents, and China has 3,322 patents.
• Bridgestone also holds patents in other countries such as South Korea (306 patents), the United Kingdom (1 patent), and the Rest of the World (2,242 patents).
• Bridgestone’s large number of patents suggests that the company is actively pursuing innovation and protecting its intellectual property in various markets around the world.

Bridgestone emissions and waste statistics

• Bridgestone has been reducing its greenhouse gas emissions over the years.
• CO2 emissions (Scope 1 and 2) have decreased from 4,197,000 in 2017 to 3,162,000 in 2020.
• Scope 3 emissions have also decreased from 128,884,000 in 2017 to 109,131,000 in 2020.
• Emissions of NOx and SOx have also decreased over the years, indicating Bridgestone’s efforts to reduce its environmental impact.
• Bridgestone has consistently been making efforts to reduce the amount of waste it generates and increase its recycling rate.
• The company’s recycling rate has been between 86% and 90% over the years.
• The volume of waste that went to landfill has decreased over the years.
• The company did not generate any regulated hazardous waste in 2017, and the amount generated in 2020 was 19,000 tonnes.

Bridgestone stock & major shareholders statistics

• Bridgestone’s stock code is “5108” and is listed on the Tokyo and Fukuoka stock exchanges.
• Bridgestone’s fiscal year is from January 1 to December 31.
• The majority of Bridgestone’s shares are held by financial institutions (31.5%) and foreign institutions and individuals (28.5%).
• The ordinary shareholders’ meeting is held in March and dividends are paid out based on the approval of the year-end dividends by the annual shareholders’ meeting.
• The share trading unit is 100 shares and Bridgestone has authorized the issuance of 1,450,000,000 shares and has issued 713,698,221 shares.
• The top five major shareholders of Bridgestone are The Master Trust Bank of Japan, Ltd. (Trust account), Ishibashi Foundation, Custody Bank of Japan, Ltd. (Trust account), Hiroshi Ishibashi, and SMBC Nikko Securities Inc.
• These five entities together own around 247,400 thousand shares, or approximately 39% of the total shares.
• The remaining shares are held by a combination of insurance companies, securities firms, and other entities.

Bridgestone financial summary statistics

• Bridgestone’s financial summary covers the fiscal years 2019 to 2021.
• In 2021, Bridgestone had a total revenue of $29.56 billion, an EBITDA of $5.77 billion, and a net income of $3.59 billion.
• The company’s total assets were $39.76 billion, while its total debt was $7.05 billion, indicating a decrease in total debt from the previous year.
• Bridgestone’s revenue has been consistently growing over the years, with a slight dip in 2020 due to the COVID-19 pandemic.
• Return on equity (ROE) has been consistently above the industry average, indicating a strong performance.
• Bridgestone has been gradually reducing its debt over the years and the company’s debt-to-equity ratio has been declining over the years.

Bridgestone corporate rating statistics

• Bridgestone has received positive credit ratings from four major credit rating agencies.
• Moody’s has rated the company’s creditworthiness at A2, while S&P, R&I, and JCR have rated it at A, AA+, and AA+ respectively.
• This indicates that Bridgestone is considered to be a financially stable company with a good credit standing.
• The high credit ratings suggest that Bridgestone is likely to be able to meet its financial obligations and has a relatively low credit risk.
• Bridgestone is considered a good investment option for investors looking to invest in corporate bonds.

Bridgestone business plan statistics

• Bridgestone has set a new vision of becoming a sustainable solutions company by 2050.
• The company has created a mid-term business plan for the years 2021 to 2023 with an “Aggressive approach” and “Challenge” financial plan.
• The company aims to achieve a 40% level in gross profit ratio, with a revenue target of JPY 3,300 billion by 2023.
• The company plans to improve the quality of its sales by increasing the portion of premium products in its tire business, increasing revenue from its solutions business, and focusing on diversified products.
• The company aims to achieve a 13% level in adjusted operating profit ratio, equal to JPY 450 billion by 2023.
• Bridgestone plans to reduce its own CO2 emissions by 50% (vs. 2011) and increase its use of recycled and renewable materials to 40% of its resources by 2030.
• The ultimate goal is to become carbon neutral and use 100% sustainable material by 2050.
• The company aims to build a resilient and highly profitable structure that will allow it to invest in new businesses from 2024 onwards.