Bridgestone releases latest mid-term management plan

The Japanese word ‘dan-totsu’ can be translated as ‘unrivalled or ‘unassailable’, and this is what Bridgestone aims to be; in its Mid-Term Management Plan 2014, released today, the tyre maker outlines the steps it intends to take on the path to reaching a dan-totsu position.

The plan covers the five year period from 2015 to 2019 and reflects changes in Bridgestone’s operating environment since last year. The management targets set out in the 2014 MTP include a consistent six per cent return on asset, ten per cent operating profit and 12 per cent return on equity (as a comparison, these figures for 2013 were 6.2 per cent, 12.3 per cent and 12.7 per cent respectively). The target set for each of the company’s strategic business units is an operating profit of ten per cent, and Bridgestone expects them to “continuously improve” this.

The 2014 MTP can be downloaded here. Bridgestone also released its CSR Report 2014 this week, and further details can be downloaded here.