ERJ staff report (BC)
Tokyo – Lower raw materials costs and an improved product mix led to double-digit growth in fiscal 2012 operating and net income for Bridgestone Corp., reports Tire Business. Management is forecasting more of the same for fiscal 2013.
Bridgestone’s operating income jumped 49.3 percent to $3.62 billion on 0.5 percent higher sales of $38.4 billion, for an operating margin of 9.4 percent. Net income jumped 66.7 percent to $2.17 billion, or a ratio of 5.6 percent.
Bridgestone’s outlay for raw materials, especially natural…