ERJ staff report (LMH)
Tokyo - Bridgestone Corp. has reported a 42.5-percent increase in operating income for the nine months ended 30 Sept 2012, totalling Yen 204.3 billion (Euro 1.9 billion). Sales for the period were Yen 2226 billion, down less than 1 percent year-on-year. Net income was up 41.1. percent at Yen 115.8 billion.
In the tyres business, operating income was up 36 percent totalling Yen 185.4 billion, on slightly decreased (-1 percent) sales of yen 1860.3 billion. Bridgestone noted that in Europe and China, sales of tyres for passenger cars and light trucks were down, while in the Americas units remained unchanged compared to the first three quarters of fiscal 2011. In Asia Pacific, there was a significant increase in sales, while in Japan, replacement tyre sales were down though new vehicle sales were up.
In the diversified products business, sales were Yen 378.9 billion, up 1 percent, while operating income was up a massive 156 percent at Yen 18.7 billion.
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News release from Bridgestone