Bridgestone may consume less rubber on slow US demand, Nomura says

ERJ staff report (BC)

Tokyo – Bridgestone Corp. (5108), the world’s largest tiremaker, may use 2.6 percent less rubber in the year to December than projected in February as demand in the U.S. will be slower than forecast, said a Nomura Holdings Inc. analyst to Aya Takada and Yasumasa Song of Bloomberg.

A decline in raw material costs and the Japanese currency mean the Tokyo-based company will still book a record profit this year even with weaker demand, Hisahiro Yamaoka at the equity research department said in…

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