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54
Bridgestone Annual Report 2004
Independent Auditors’ Report
To the Board of Directors of Bridgestone Corporation:
We have audited the accompanying consolidated balance sheets of Bridgestone Corporation and sub-
sidiaries as of December 31, 2004 and 2003, and the related consolidated statements of income, share-
holders’ equity, and cash flows for each of the three years in the period ended December 31, 2004, all
expressed in Japanese yen. These consolidated financial statements are the responsibility of the
Company’s management. Our responsibility is to express an opinion on these consolidated financial
statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in Japan. Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes examining, on a test basis, evi-
dence supporting the amounts and disclosures in the financial statements. An audit also includes assess-
ing the accounting principles used and significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that our audits provide a reasonable basis for
our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material
respects, the consolidated financial position of Bridgestone Corporation and subsidiaries as of
December 31, 2004 and 2003, and the consolidated results of their operations and their cash flows for
each of the three years in the period ended December 31, 2004, in conformity with accounting princi-
ples generally accepted in Japan.
As discussed in Note 17 to the consolidated financial statements, certain subsidiaries in the Americas
are involved in significant legal matters related to tires which have been voluntarily recalled as
announced in August 2000 and a tire replacement campaign.
Our audits also comprehended the translation of Japanese yen amounts into U.S. dollar amounts
and, in our opinion, such translation has been made in conformity with the basis stated in Note 2. Such
U.S. dollar amounts are presented solely for the convenience of readers outside Japan.
(autograph)
March 30, 2005