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Bridgestone Corporation
BRDCYConsumer CyclicalOTCJP
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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.
