Retail

Bridgestone's net income jumped 48% in 2014

Posted on February 24, 2015

Bridgestone Corp. beat its own projections for 2014 as net income increased more than 48% to 300.5 billion yen on net sales of more than 3.6 trillion yen for fiscal year 2014. That compares to net income of 202 billion yen and net sales of more than 3.5 trillion yen in 2013.

Based on the exchange rate on Dec. 31, 2014, Bridgestone recorded net income of more than $2.5 billion on net sales of more than $30.7 trillion. Its income-to-sales ratio was 8.3%.

The company’s operating income rose 9.1%, from 438.1 billion yen in 2013 to 478.0 billion yen in 2014.

In the Americas, Bridgestone said passenger car and light truck tire sales “increased steadily,” while truck and bus tire sales “increased strongly” compared to 2013. Net sales in the Americas rose from more than 1.6 trillion yen to more than 1.7 trillion yen, an increase of a little more than 7%. It was the strongest sales growth of any of the regions Bridgestone reported for 2014.

In the tires segment, the company said it “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.”

Net tire sales increased 1.9% in 2014, to 3.09 trillion yen from 3.04 trillion yen, while operating income for the tires segment increased 9.1%, to 435.8 billion yen from 399.4 billion yen in the same period.

For 2015 Bridgestone is predicting net sales of more than $3.9 trillion yen, up 8.3%, along with a net income increase of more than 6.1%, to 319 billion yen. The company predicts operating income will climb more than 8.5% in 2015, to 519 billion yen.

Related Topics: Bridgestone financials

Comments ( 0 )
More Stories
ATD's Chin is also author of "Your Mind is What Matters: How to Think Your Way to Your Full Potential."
News Ivy Chin Joins ATD as Digital and Technology Officer

Ivy Chin has joined American Tire Distributors Inc. (ATD) as chief digital and technology officer. She will be responsible for driving ATD’s continued digitization and evolving technology operations in the newly created role.

This program builds on the company’s new ‘If It Doesn’t Say Monroe’ ad campaign by thanking customers for choosing Monroe.
News 'Show Your Monroe' to Win Merchandise

Tenneco Inc. reports from June 1-30, 2018, it is giving its service shop partners multiple opportunities to win Monroe-branded merchandise by participating in the “Show Your Monroe” social media sweepstakes.

MotoVision greatly enhances the rider’s forward vision, says the company.
Product Philips MotoVision Motorcycle Headlight Bulbs Improve Visibility

Lumileds LLC reports its Philips MotoVision headlight bulbs produce a unique orange and white light effect that increases overall visibility and differentiates motorcycles from general road traffic.

Dill’s kit includes a drill bit with specialized stop feature, a custom CNC-machined drill guide, easy-out tools, wheel protecting O-rings and an easy-to-follow user’s guide.
Product Dill Offers TPMS Hex Nut Removal Kit

Dill Air Controls Products LLC says problems caused by corroded valve stems are a thing of the past thanks to its U.S.-made 5010 TPMS Hex Nut Removal Kit.

Plaza Tire Service has opened its third store in Springfield, Mo. The new outlet measures 8,650 square feet and has eight bays.
News Plaza Tire Adds Third Store in Springfield

Plaza Tire Service Inc. has opened a third store in Springfield, Mo. The family-owned company headquartered in Cape Girardeau, Mo., now has 63 stores.

The Falken booth at Tire Cologne was spacious and busy.
News Falken Introduces 3 Tires at The Tire Cologne Show

Falken Tyre Europe was one of a number of leading tire producers exhibiting at The Tire Cologne 2018, where the company concentrated on maintaining and further enhancing its rising heritage in motorsports. At the same time, however, another equally important aim was to promote Falken as a holistic tire supplier, and not just as a manufacturer of high performance tires.

News Vogue Refreshes Its Online Ordering System

Vogue Tyre and Rubber Co. has redesigned its online ordering system — VNET.

Bridgestone says it works with a number of external retail design partners to create leading retail experiences for its dealer network, and for its network of company-owned stores.
News Bridgestone Unwraps New Retail Showroom Look for Dealers

Bridgestone Americas Inc. has unveiled a new retail showroom program for affiliated tire dealers, and the tire maker says it will help increase sales and build consumer loyalty through the improved in-store experience.  

News Continental Kicks Off Summer With a Consumer Tire Rebate

Through June 30, 2018, Continental Tire the Americas LLC is offering a $70 rebate to consumers who purchase four Continental passenger or light truck tires.

News Nexen Rolls Out a New Website

Nexen Tire America Inc. has refreshed its website, and it includes a redesigned dealer locator plus interactive product information to help consumers easily find the right tire.  

This Chabill's Tire store at 11860 Airline Highway in Baton Rouge is the company's 16th location.
News Chabill's Celebrates 50 Years, and a New Store

Chabill’s Tire Service LLC is celebrating its 50th anniversary with the opening of its 16th store.  

Dealers can order the new  Vredestein Wintrac Pro UHP winter tire now and schedule delivery from early September through December.
Product Apollo Vredestein Unveils Wintrac Pro UHP Winter Tire

Apollo Vredestein BV has a new ultra high performance winter tire for the U.S., Canadian and European markets. The company says the Vredestein Wintrac Pro offers maximum grip while cornering, short stopping distances on wet roads and great handling even at high speeds.

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!