Tokyo — Bridgestone Corp.’s operating income for the half-year fell 7.3%, despite 5.8% higher sales.
Bridgestone blamed increasing raw materials costs for the earnings decline over the first six months of this year.
Operating income fell to $1.8 billion while sales rose to $15.5 billion, lowering the operating ratio one and a half points to 11.6%. Net income rose 6.9% to $1.17 billion.
The tire division reported similar results — operating income down 6.7% to $1.65 billion on 6.4-percent higher sales of $12.8 billion.
Globally, unit sales of passenger/light…