Retail

Bridgestone earns $1.2 billion through 6 months

Posted on August 14, 2013

Bridgestone Corp. posted net income of 117 billion yen on net sales of 1.7 trillion yen for the first half ended June 30, 2013. That compares to income of 75.2 billion yen on sales of nearly 1.5 trillion yen for the same period last year.

Based on the exchange rate on June 30, 2013, Bridgestone recorded income of close to $1.2 billion on net sales of $17.2 billion for the first half. Its income-to-sales ratio was 6.8%.

Bridgestone's operating income rose 42%, from 133.7 billion yen to 190.3 billion yen.

The Japanese and United States economies showed signs of recovering, while the European economy remained stagnant, according to the company. In contrast, Asian economic expansion showed signs of a slowdown, particularly in China and India.

In the tire segment, Bridgestone worked "to maximize sales momentum by introducing appealing new products globally, enhancing strategic products and reinforcing fundamental competencies such as specification optimization, and responding promptly to demand fluctuation in each region." Tires represent 85% of Bridgestone's total sales.

Tire income/sales in yen, 1H 2013

Year Net sales Operating income

2013 1.448 trillion 173.2 billion

2012 1.237 trillion 119.6 billion

"In the Americas, the unit sales of tires for passenger and light truck in North America increased firmly compared to the first half of fiscal 2012, as well as tires for trucks and buses," says the company.

For fiscal 2013, Bridgestone projects net income of 246 billion yen on net sales of close to 3.6 trillion yen. Compared to fiscal 2012 results, the projections are up 43% and 18%, respectively. The company predicts operating income will be up 40%, to 400 billion yen.

"The company's operating environment will continue to require careful attention due to such factors as fluctuations in exchange rates and the prices of raw materials and feedstock; an ongoing lack of clarity in the global economic situation; and international political conditions that remain unstable," adds Bridgestone.

Related Topics: Bridgestone financials

Comments ( 0 )
More Stories
News Continental's Income Drops on Flat Sales in 2018's First Quarter

Continental Corp. reported net income of 738 million euros on sales of 11.0 billion euros for its first quarter ended March 31, 2018. That compares to income of 750 million euros on sales of 11.0 billion euros in the year-ago period.

News Dealer Tire Makes a 'Significant Investment' in Simple Tire

Two companies that have disrupted the tire industry in their own ways are partnering. Dealer Tire LLC says it is making "a significant investment" in Simple Tire LLC.

News Servicing Electrical Systems Tops Aftermarket Training Needs

The aftermarket’s greatest training need is for electrical and electronic systems service, according to an ASE Training Managers Council (ATMC) survey.

News Automotive Distribution Network Adds Two Auto Pride Members

The Automotive Distribution Network has extended the Auto Pride brand nationwide with the signings of NFADA Warehouse based in Williamsville, N.Y., and Parts Pro Automotive Warehouse in Del Rey Beach, Fla.

News Kumho Recalls 1,773 Solus KH16 Tires

Kumho Tire U.S.A. Inc. is recalling certain Solus KH16 tires in size P225/65R17 because the tire belts may separate under severe conditions.

News The Search Is On for Tire Leaders of the Future

Modern Tire Dealer is searching for the young bright minds who are shaping the next generation of the tire industry.

News TGI Has New Cosmo Passenger and Commercial Tires for Europe

Tire Group International LLC (TGI) will introduce its second-generation private-label Cosmo brand passenger car radial (PCR) and truck and bus radial (TBR) tires to the European market at the 2018 Tire Cologne trade fair May 29 - June 1 in Cologne, Germany.

Pirelli’s new Scorpion All Terrain Plus is competing in what Pirelli Tire North America CMO Rafael Navarro describes as “a very ultracompetitive marketplace.” Direct competitors include the Goodyear Wrangler AT and BFGoodrich All-Terrain T/A KO2.
News Pirelli's Scorpion All Terrain Plus Is More Aggressive than the ATR

Pirelli Tire North America Inc. gave the industry a sneak peek of its new Scorpion All Terrain Plus at the 2017 Global Tire Expo in Las Vegas. It chose the same city to officially launch the tire in the second quarter of this year.

With the introduction of the Ecopia H/L 422 Plus, Bridgsetone says it has created a powerline to cover a wide variety of vehicles from coupes and sedans to CUVs and minivans.
Product Bridgestone’s Newest Ecopia Is Designed for Fuel Efficiency and Tread Life

The Bridgestone Ecopia H/L 422 Plus delivers a comfortable ride that’s engineered for fuel efficiency.

John Kairys, vice president and general manager of Big O Tires, says "tremendous opportunities can open up" when owners, managers and employees say one little word: "yes!"
Photo Photos: Behind the Scenes at the 2018 Big O Tires Convention

Owners and managers of Big O Tires LLC stores gathered in San Antonio, Texas, for the franchise's annual dealer meeting. Leaders pushed a big message of "saying yes" to customers, which the franchise anticipates will help it reach $800 million in sales in 2018.

Cooper says the new Mastercraft Avenger M8 UPH tire is designed to make “everyday driving fun” and offers all-season traction and soft handling.
Product Cooper's New Avenger M8 All-Season UHP Tire Offers Comfort and Speed

The new Mastercraft Avenger M8 from Cooper Tire & Rubber Co. is a W-rated ultra-high performance all-season tire with a 40,000-mile tread wear warranty.

The new Scorpion All Terrain Plus tire is developed specifically for the North American replacement market, adding to the other “Plus” product lines in the Pirelli family.
 
Product New Scorpion All Terrain Plus Has 50,000-Mile Tread Wear Warranty

The new Scorpion All Terrain Plus tire from Pirelli Tire North America Inc. for pickup trucks and sport utility vehicles (SUVs) is available in range of fitments from 16 to 20 inch sizes.

Action Tire at 309 7 Ave E in Bow Island, Alberta, is among the 200-plus tire dealers to join Point S in Canada.
News Two Tire Dealers Join Point S in Canada

The Point S expansion in Canada continues, with two stores in Alberta joining the group of independent tire dealers.

Sheila Stevens steps through a tool update in an Ateq TPMS Tech Tips video.
News 4 Reasons to Update Your TPMS Tool

Ateq TPMS Tools LC says it is important to regularly update a tire pressure monitoring system (TPMS) tool.

News Increase Productivity and Profits With Lift Accessories

Lifts are an essential tool in the bays of tire dealerships. Rotary, a Vehicle Service Group brand, says lift accessories can help technicians be more efficient, which leads to faster bay turns, more service tickets and higher profits.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!