Bridgestone revises '09 projections again
Based on recent performance trends and its assessment of the global economy, Bridgestone Corp. has revised its sales and income projections for 2009.
The Tokyo, Japan-based firm expects to achieve net sales of slightly more than 2.5 trillion yen for the full year. However, it expects to take a 10 billion yen loss. (Bridgestone's most recent revisions, which were published this past August, called for sales of 2.6 trillion yen on net income of six billion yen for 2009.)
Bridgestone's decision to shutter two Bridgestone Australia Ltd. plants last month will contribute to the loss of income, say company officials.