Tokyo – Bridgestone’s net sales fell 8 percent to ¥825.7 billion (€6.6 billion) in the first quarter of 2016, mainly due to a stronger Japanese yen and a drop in volumes, the company announced on 11 May.
Operating income fell 7 percent to ¥108.4 billion during the period, as “upsurge of uncertainty” continued in global economy.
For the period under study, Japanese domestic economy continued gradual recovery with an improvement in the employment environment.
Overall, said Bridgestone, overseas economies were gradually recovering but still weak while the political and economic situation remained unstable.
The Japanese company said that its business also continued implementing management reforms, including measures to realise more effective utilisation of resources with appropriate expenses.