Bridgestone posts 1Q income, sales gains
Bridgestone Corp. posted net income of 17.6 billion yen on net sales of 659.1 billion yen for the first quarter of 2010. That compares to a net loss of 34.8 billion yen on net sales of 567.6 billion yen generated during the same period last year.
In the Americas, Bridgestone posted operating income of 11.7 billion yen on net sales of 279.1 billion yen. The sales total represents an 11% increase from the first quarter of 2009.
"The United States began to recover" during the first quarter, according to Bridgestone officials. During the quarter, Bridgestone focused on "increasing sales of highly competitive products, strengthening supply capacity, improving manufacturing productivity, enhancing technological superiority and effectively utilizing management resources."
The Tokyo, Japan-based company has been working to "rapidly implement a range of initiatives to enhance (its) ability, such as responding quickly to market trends, increasing sales of strategic products, constructing and enhancing a business model that will extend beyond the mere sale of products, and developing eco-friendly products and business."