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Bridgestone revises 2006 projections

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Bridgestone Corp. says its 2006 net sales will be more than it originally projected four months ago.

However, Bridgestone expects its operating and ordinary incomes to decline because of higher-than-expected raw material price increases.

"Management expects a decrease in net income from the full year projections announced on Feb. 17, 2006, due in part to an extraordinary loss reserve established in connection with the April 28 announcement of the potential closure of Bridgestone/Firestone North American Tire LLC's Oklahoma City plant, in addition to adverse affect of increasing raw material costs," say Bridgestone officials.

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