Bridgestone revises projections for '09
Bridgestone Corp. has revised its financial projections for the rest of the year based on its assessment of the global economy and recent economic trends.
"As the company continues its focus on quality and safety, due mainly to significant expense reduction initiatives, the company anticipates that operating income, ordinary income and net income will exceed the previously announced forecast," say Bridgestone officials.
Bridgestone expects that its net income for the year will be six billion yen, up considerably over previous predictions.
Net sales for 2009 are expected to stay the same level (2.6 trillion yen) with previous projections.