Tokyo – Bridgestone Corp.’s 2018 operating income fell 4% year-on-year to Yen402 billion (€3.2 billion) on sales stuck at prior-year levels, the company announced 15 Feb.
The tire and rubber-products maker posted sales of Yen3.65 trillion, only marginally higher than the Yen3.64 trillion registered in 2017.
Bridgestone attributed the earnings decline to higher administrative costs, offset to an extent by improvements in price/mix and volumes.
Group operating income showed “gradual signs of recovery” domestically amid rising uncertainties overseas, said the Japanese group.
While the US and European economies performed…