Retail

Bridgestone revises fiscal year forecast

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Bridgestone Corp. has revised its financial projections for fiscal 2007.

"Management expects net sales and operating income in the fiscal year 2007 to increase over the projections announced on Feb. 20, 2007, due in part to the weaker-than-expected Japanese yen against the U.S. dollar and the euro," says the company.

Bridgestone also expects an increase in ordinary income and net income over the previous projections "due in part to the current expectation taht the yen will be weaker than the U.S. dollar and the euro, combined with dividend revenue from subsidiary shares due to the reorganization of certain domestic subsidiaries."

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