Bridgestone Results Below Guidance; Higher RM Costs to Impact Bottomline in FY2018

Shift in US Auto Sales Mix and La Nina Effect Could Put Bridgestone in Troubled Waters

Bridgestone Visit: Price Hikes Passing Smoothly at Mid/High End Though Low End Is Competitive

Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

<p>Bridgestone Americas Inc (<a href="https://www.smartkarma.com/entities/8914" target="_blank" data-smartkarma-citation="entities:8914:1">Bridgestone Corp (5108 JP)</a> ) and <a href="https://www.smartkarma.com/entities/17765" target="_blank" data-smartkarma-citation="entities:17765:1">Goodyear Tire &amp; Rubber Co (GT US)</a> announced their <a href="https://www.bridgestoneamericas.com/en/newsroom/press-releases/2018/goodyear--bridgestone-join-forces-to-form-u-s--national-tire-dis" target="_blank">plan </a>to consolidate wholesale operations under a jointly owned but independently managed venture called TireHub LLC. This announcement comes three months after Michelin North America and Sumitomo Corp announced a similar venture called National Tire Wholesale.</p><p>Once TireHub clears antitrust laws, it could possibly become the third largest tire distributor after American Tire Distributors…</p>

Bridgestone Americas Inc (Bridgestone Corp (5108 JP) ) and Goodyear Tire &amp; Rubber Co (GT US) announced their plan to consolidate wholesale operations under a jointly owned but independently managed venture called TireHub LLC. This announcement comes three months after Michelin North America and Sumitomo Corp announced a similar venture called National Tire Wholesale.Once TireHub clears antitrust laws, it could possibly become the third largest tire distributor after American Tire Distributors…

New JV With Goodyear Doesn't Address Bridgestone's Share in Light Truck Segment