DDBridgestone Driveguard runflat 3

Bridgestone cuts earnings forecast on costs, US slowdown

Tokyo – Higher than expected raw-materials costs and a US market slowdown have prompted Bridgestone Corp. to cut its forecast for full-year operating income by 7% to Yen430.0 billion (€3,255 million) and its sales projection by 1% to Yen3,650.0 billion.

The downgrade reflected the emergence of a more “challenging business environment,” since its previous financial guidance of 9 Aug, the tire and rubber-product maker said 9 Nov.

The news accompanied the Japanese group’s financial report for the first three quarters, showing a 9% year-on-year drop in operating…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with