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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Bridgestone Corporation    5108   JP3830800003

BRIDGESTONE CORPORATION

(5108)
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BRIDGESTONE : ISSUES VOLUNTARY SAFETY RECALL FOR CERTAIN PASSENGER AND LIGHT TRUCK TIRES

12/03/2020 | 10:26am EST

Highlights:

* Voluntary safety recall includes approximately 1,923 Firestone Destination LE3 and Bridgestone Ecopia H/L 422 Plus replacement tires.

* Tires included in this recall were manufactured between June 14, 2020 and August 8, 2020 and are marked with a specific press identification number.

* The recall is limited to tire sizes 255/60R19 and P255/60R19.

Bridgestone Americas and Bridgestone Canada (Bridgestone) are collectively issuing a voluntary safety recall of approximately 1,923 Firestone Destination LE3 and Bridgestone Ecopia H/L 422 Plus passenger and light truck tires. Tires included in this recall are as follows:

Firestone Destination LE3 tires in size 255/60R19, manufactured between June 14, 2020 and July 18, 2020 with DOT date codes 2420 - 2820 and press identification number E07L;

Bridgestone Ecopia H/L 422 Plus tires in size P255/60R19, manufactured between July 12, 2020 and August 8, 2020 with DOT date codes 2820 - 3120 and press identification number E07L.

Tires included in this recall were sold in the replacement market in the United States and Canada. Firestone Destination LE3 and Bridgestone Ecopia H/L 422 Plus tires in sizes 255/60R19 and P255/60R19 manufactured outside of the affected production range and/or on an alternate press meet regulatory requirements and are not part of the recall.

Tires included in this recall may not comply with U.S. Federal Motor Vehicle Safety Standard (FMVSS) and/or Canadian Motor Vehicle Safety Standard (CMVSS) performance requirements. Affected tires may have been manufactured with a small pinhole in the upper sidewall of the tire. In rare instances, the pinhole may penetrate the tire inner liner and the tire may slowly leak air. If a slow air loss is undetected or ignored, the continued loss of air may increase the risk of a vehicle crash or personal injury. There are no known accidents or injuries involving tires subject to this recall.

Bridgestone is notifying regulatory agencies in the U.S. and Canada in accordance with applicable laws. Bridgestone also is notifying known authorized Bridgestone and Firestone retailers, dealers, distributors, company-owned stores and end-user consumers that may have purchased tires included in this safety recall.

Consistent with the company's longstanding commitment to safety, customer satisfaction and service, owners of tires included in this recall are urged to contact their authorized Bridgestone or Firestone tire dealer or Bridgestone company-owned service center to arrange for verification. Tires will be inspected to verify the tire identification number and press identification number. All affected tires will be replaced with a comparable Firestone Destination LE3 or Bridgestone Ecopia H/L 422 Plus tire manufactured outside the production range, or with a suitable replacement tire. Tires will be replaced at no charge to customers.

To find an authorized Bridgestone or Firestone tire dealer, visit www.BridgestoneTire.com or www.BridgestoneTire.ca.

About Bridgestone Americas, Inc.:

Nashville, Tennessee-based Bridgestone Americas, Inc. is a subsidiary of Bridgestone Corporation, a global leader providing sustainable mobility and advanced solutions. Bridgestone Americas develops, manufactures and markets a diverse portfolio of original equipment and replacement tires, tire-centric solutions, mobility solutions, and other rubber-associated and diversified products that deliver social value and customer value. Guided by its global corporate social responsibility commitment, Our Way to Serve, Bridgestone is dedicated to shaping a sustainable future of mobility and improving the way people move, live, work and play.

About Bridgestone Canada, Inc.:

Bridgestone Canada Inc. (BSCA) is a member of Bridgestone Americas Tire Operations (BATO) and a direct subsidiary of Bridgestone Americas, Inc. (BSAM), whose parent company, Bridgestone Corporation, is a global leader providing sustainable mobility and advanced solutions. BSCA and BATO develop, manufacture and market Bridgestone, Firestone and associate brand tires. They are focused on retail, wholesale and original equipment markets, supplying passenger, light truck, commercial vehicle, off road, agricultural and other tires to their customers in Canada and the United States, respectively.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 3 000 B 28 982 M 28 982 M
Net income 2020 -427 M -4,12 M -4,12 M
Net Debt 2020 138 B 1 330 M 1 330 M
P/E ratio 2020 -1 549x
Yield 2020 2,55%
Capitalization 2 869 B 27 693 M 27 717 M
EV / Sales 2020 1,00x
EV / Sales 2021 0,91x
Nbr of Employees 143 589
Free-Float 79,8%
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Bridgestone Corporation Technical Analysis Chart | 5108 | JP3830800003 | MarketScreener
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Mean consensus HOLD
Number of Analysts 11
Average target price 3 830,00 JPY
Last Close Price 4 075,00 JPY
Spread / Highest target 10,4%
Spread / Average Target -6,01%
Spread / Lowest Target -14,1%
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Managers and Directors
NameTitle
Shuichi Ishibashi Chief Executive Officer & Director
Akihiro Eto President, Chief Operating Officer & Director
Masaaki Tsuya Chairman
Masato Sakano Chief Technology Officer
Hideo Hara Director
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