Bridgestone Corporation·Consumer Cyclical

NASHVILLE, Tenn.--(BUSINESS WIRE)--Drawbridge Realty has entered the Nashville commercial real estate market with the acquisition of Bridgestone Tower, a 30-story, Class AA office tower in downtown Nashville. The 514,000 square feet, LEED Gold property was developed as a build-to-suit for Bridgestone Americas and delivered in 2017. The property is fully leased to Bridgestone Americas, Inc., the largest subsidiary of Bridgestone Corporation (TSE: 5108), a publicly traded manufacturer and a globa.

RALEIGH, N.C., May 12, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has sold Bridgestone Tower, a 513,000 square foot office tower in CBD Nashville, for $255 million. This property is 100% leased and is projected to generate approximately $17 million of annual cash and GAAP net operating income in 2026.

Bekaert completes acquisition of tire cord business from Bridgestone in China and Thailand Bekaert has successfully completed the acquisition of Bridgestone's tire reinforcement business in China and Thailand, following the successful completion of all customary closing conditions and the receipt of regulatory approvals. The transaction includes the tire cord production facilities in China (Bridgestone (Shenyang) Steel Cord Co., Ltd.

Bridgestone faces macro headwinds, flat sales, and margin pressures, but cost optimization supports a contrarian buy rating. 2025 results showed flat sales at ¥4.4 trillion, with premium tire focus and factory closures offsetting sluggish demand and tariffs. 2026 guidance anticipates 2% sales growth, 4% profit increase, and margin expansion, driven by premium segments and cost reductions despite oil-linked input risks.
Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. It operates through two segments, Tires and Diversified Products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircraft, motorcycles, scooters, etc.; automotive parts; retreading materials and services; automotive maintenance and repair services; tire raw materials; and other tire-related products. It also provides vehicle parts, polyurethane foam and related products, electronic precision parts, industrial materials-related products, civil engineering and construction materials and equipment, and others; commercial roofing materials and other materials; golf balls, golf clubs, and other sporting goods; bicycles, bicycle-related goods, and others, as well as finance and other services. In addition, the company offers maintenance, IT/sensing technology, and other solutions for the mining, fleet, and agricultural sectors. It has operations in Japan, the United States, China, the Asia Pacific, Europe, Russia, the Middle East, Africa, Oceania, and internationally. The company was founded in 1931 and is headquartered in Tokyo, Japan.
Consumer Cyclical
Auto - Parts
121,464
2009-12-29
0.46
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