普利司通（5108 JP）：卓越治理

Investment Rating - The report does not explicitly provide an investment rating for Bridgestone [2][3]. Core Insights - The governance structure of Bridgestone is robust, with 8 out of 12 board members being independent directors, which enhances oversight of executive management [6]. - The nomination committee played a crucial role in selecting the new CEO, Yasuhiro Morita, who is recognized for his overseas management experience, likely to be well-received by investors [7]. - The compensation structure is designed to incentivize management for quality growth, with a significant portion of executive pay being variable and linked to long-term performance metrics [8]. - Bridgestone's governance level is considered industry-leading, with financial strategies including share buybacks and increased dividends to optimize the balance sheet [9]. - Short-term growth is expected to be driven by increased automotive production and improved profit margins due to declining raw material costs [10]. Company Overview - Bridgestone is a leading global manufacturer of tires and rubber products, with tire sales accounting for 83% of total revenue [12]. - The company’s product range includes tires for passenger vehicles, trucks, and aircraft, with specialty tires contributing significantly to operating profit [12]. - The largest market regions for Bridgestone are the Americas (approximately 40%) and Japan (approximately 25%) [12]. Financial Data - As of January 21, 2026, Bridgestone's stock price is 3,493.0 JPY, with a market consensus target price of 3,866.30 JPY [15]. - The company's market capitalization is approximately 31.37 billion USD [18].