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…

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