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1、AnnualReport2011OperationalReviewTHEBRIDGESTONEGROUPTheWorld’sLargestManufacturerofTireandRubberProductsSinceitsfoundingin1931,theGrouphassteadilyexpandeditsoperations,centeredontireproduction,andtoday,theGrouphasover170manufacturingplantslocatedin25countriesaroundtheworld.CONTENTSOURBU
2、SINESSTIREBUSINESS01FINANCIALHIGHLIGHTSTheGroupprovidestiresforpassengercars,trucks,buses,motorcycles,construction02SEGMENTHIGHLIGHTSandminingvehicles,aircraft,etc.Itstireoperationsextendacrossawiderangeof04fields,fromrawmaterialproductiontoMANAGEMENTTASKSsalesandmaintenance,aswellasret
3、read08solutionsbusinesses.RESEARCHANDDEVELOPMENT11CORPORATEGOVERNANCE,COMPLIANCE,ANDRISKMANAGEMENT14BOARDOFDIRECTORSANDCORPORATEAUDITORS15SHAREHOLDERINFORMATIONDIVERSIFIEDPRODUCTSBUSINESSTheGroupmakesandsellsarangeofrubberproductsandotherproducts.Inrecentyears,Bridgestonehasdrawnonitsor
4、iginaltechnologiestolaunchanumberofenvironment-friendlyproducts,suchasadhesivefilmforsolarmodules.FORWARD-LOOKINGSTATEMENTSThedescriptionsofprojectionsandplansthatappearinthispublicationare“forward-lookingstatements.”Theyinvolveknownandunknownrisksanduncertaintiesinregardtosuchfactorsas
5、productliability,currencyexchangerates,rawmaterialcosts,labor-managementrelations,andpoliticalstability.TheseandothervariablescouldcausetheGroup’sactualperformanceandresultstodifferfrommanagement’sprojectionsandplans.FINANCIALHIGHLIGHTSBridgestoneCorporationandSubsidiariesYearsendedDece
6、mber31,2011,2010,and20092011201020092011/20102011MillionsofyenPercentchangeThousandsofU.S.dollars1NetSales¥3,024,356¥2,861,615¥2,597,0025.7%$38,903,473OverseasSales2,330,1542,189,7651,982,1926.429,973,682OperatingIncome191,322166,45075,71214.92,461,050NetIncome102,97098,9141,0444.11,324
7、,543TotalEquity1,165,6731,176,1471,120,797–0.914,994,507TotalAssets2,677,3442,706,6402,808,439–1.134,439,722CapitalExpenditures201,390182,648178,20410.32,590,558DepreciationandAmortization159,666170,663180,547–6.42,053,846ResearchandDevelopment83,98285,15485,766–1.41,080,293Net