Bridgestone Corp. posted net income of 197.8 billion yen on net sales of 2.6 trillion yen for the first three quarters of its fiscal year ended Sept. 20, 2017. That compares to income of 183 billion yen on sales of 2.4 trillion yen for the same period in fiscal 2018.
Bridgestone Corp. increased net sales and net income in the first half of 2017 versus the year-ago period. Net sales were up 6% and net income rose 7%.
Rising raw material costs were a key driver in Bridgestone Corp.’s ordinary income dropping 6.4% during the first quarter of 2017, even though net sales increased 3% during the period.
Net sales and net income both are down by double-digit percentages at Bridgestone Corp. for the first half of 2016. Net sales dropped 11.3% and net income fell by 14.7% compared to the first six months of 2015.
Bridgestone Corp.’s net sales dropped 7.6%, and net income fell more than 20% in the first quarter of 2016 compared to results from a year ago.
Bridgestone Corp.’s first quarter report for 2015 showed a 3.5% increase in net sales, while net income was down a slight 0.3% compared to the same period in 2014.
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.
Bridgestone Corp. reported net income of 142 billion yen on net sales of 1.7 trillion yen for the first half ended June 30, 2014. That compares to income of 117 billion yen on sales of nearly 1.7 trillion yen for the same period last year.
Beginning May 1, 2014, 50 Bridgestone Corp. executives will be given stock acquisition rights that will go into effect when they leave the company.
Tokyo-based Bridgestone Corp. has agreed to plead guilty and to pay a $425 million criminal fine for its role in a conspiracy to fix prices of automotive anti-vibration rubber parts installed in cars sold in the United States and elsewhere, according to the Department of Justice.
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.
For the first time, a tire manufacturer has topped the $30 billion mark in global sales. Was it Bridgestone Corp,. Groupe Michelin or Goodyear Tire & Rubber Co.?
Bridgestone Americas Tire Operations (BATO) will invest $36.6 million in its Warren County, Tenn., plant to increase production capacity by an additional 900 truck and bus tires per day. The expansion is expected to be complete in the first quarter of 2013 and is projected to create 50 new jobs.
Bridgestone Americas Inc. will construct a new 1.5 million-square-foot off-road radial (ORR) tire manufacturing facility on a greenfield site in Aiken County, S.C. The tire maker will also add a 474,000-square-foot expansion of its existing Aiken passenger and light truck tire plant.