Full Year 2019 Bridgestone Corp Earnings Call Transcript
Hello, everyone. This is Tsuya speaking. Thank you very much for taking time out of your busy schedules today. This is going to be my very final opportunity to discuss business and financial results with you, so I would like to take a bit of your time to reflect on my own 10-year history.
Two points about business performance, in my mind, always: number one, on the how stably and sustainably the Bridgestone can generate good performance to solidify our financial standing; and number two, the good balance between the needed investments, and I've got a nearer-term future as well as from the investments for the future.
Looking at this page, trend of sales and profit. I can see the stability, they can be confirmed to looking at this graph. Trend of ROA and ROE, important KPIs for us, the stability is very much in play. Trend of equity ratio or free cash flow, again, this is sustainable, good performance. Trend of capital expenditure and R&D expenses is very important for the future of our industry. The automotive industry under
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