Bridgestone sales up, operating income down in 2017

Tokyo – Despite 9.2% higher sales last year, Bridgestone Corp. suffered a 6.8% drop in fiscal 2017 operating income as higher raw materials costs offset positive gains in other areas.

Operating income for the year fell to $3.74 billion on revenue of $32.5 billion, cutting the operating margin two points to 11.5%. Net income rose 8.6% to $2.57 billion.

Bridgestone said its fiscal year played out against a scenario where many overseas economies showed gradual recovery in the midst of continued political and economic instability. The company…

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