Bridgestone predicts 19% drop in sales for '09
Bridgestone Corp. has revised its projections for 2009. The company predicts that its full year sales will be 19% less than the previous year due to a decrease in unit sales.
Bridgestone also anticipates an increase in unabsorbed fixed expenses due to reduced production levels.
In addition, "operating income, ordinary income and net income will fall below the prior year's results in spite of the positive effects of reduced expenses and a decrease in raw material costs," according to company officials.