Bridgestone 2004 Annual Report Download - page 33

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31
Financial Section
Reasons for the projected decline in operating income include the persistently high prices for nat-
ural rubber; rising prices for crude oil, which raise the cost of petroleum-based raw materials; and
the weakness of the dollar. Those factors could offset the positive contributions from the gradual
recovery under way in the world economy and from the vigorous demand for tires, especially in
markets outside Japan.
In Japan, management expects unit sales of replacement tires to be basically unchanged amid
weak demand. Management projects growth in unit sales of original equipment tires in Japan and
in unit exports of tires. Management projects overall unit sales gains in passenger car, light truck,
truck, and bus tires in the Americas and in Europe amid strong demand.
The descriptions of projections and plans that appear in this annual report are “forward-looking
statements.” They involve known and unknown risks and uncertainties in regard to such factors
as product liability, currency exchange rates, raw material costs, labor-management relations and
political stability. Those and other variables could cause the Companies’ actual performance and
results to differ from management’s projections and plans.
Millions of yen
2000 1999 1998 1997 1996 1995 1994
¥2,006,902 ¥2,085,720 ¥2,236,699 ¥2,170,803 ¥1,958,026 ¥1,686,636 ¥1,595,086
1,560,182 1,638,304 1,772,226 1,685,389 1,515,510 1,274,242 1,195,895
446,720 447,416 464,473 485,414 442,516 412,394 399,191
161,785 236,777 248,318 222,298 192,356 154,195 139,658
17,741 88,690 104,626 39,159 70,335 54,143 31,863
20.60 103.98 126.28 48.23 88.20 69.13 41.11
20.59 102.96 123.01 46.83
2,038,578 1,792,744 1,830,149 1,800,659 1,722,918 1,559,950 1,672,661
778,713 743,069 697,424 641,382 579,366 474,949 497,661
38.2 41.4 38.1 35.6 33.6 29.7 29.8
137,772 175,495 220,625 160,468 127,226 87,769 77,064
119,925 118,464 107,474 200,831 111,968 110,149 102,179
Capital Expenditure Cash Flow
(net cash provided by operating activities)
Forward-looking
statements
2000 2001 2002 2003 2004
¥
billion
191.0
137.8
104.3
116.8
155.7
2000 2001 2002 2003 200
4
¥
billion
238.7
67.5
145.9
269.1 258.1