Bridgestone profits up in 2004, share buyback in progress

Tokyo–Bridgestone Corp. has announced its consolidated business and financial results for the twelve months ended December 31, 2004. The consolidated companies recorded a 29 percent increase in net income in 2004, to Â¥114.400 million (€831.4 million), on a 5 percent increase in net sales, to Â¥2,416.6 billion (€17 560 million). Operating income rose 8 percent, to Â¥197.6 billion (€1436 million], and ordinary income rose 9 percent to Â¥181.5 billion.

In a statement, Bridgestone said, “As for the operating environment, economic recovery gained momentum in Japan. Corporate…

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