Bridgestone posts moderate growth in H1 2015
Tokyo – Japanese tire-maker Bridgestone Corp. achieved a 6-percent rise in net sales to ¥1,855.4 billion (€13.43 billion) for the first half of fiscal 2015, compared to the same period in 2014, the company’s reported 7 Aug.
Operating income increased 7 percent to ¥237.7 billion, driven by US dollar appreciation, lower crude oil prices and the slowly-recovering Japanese domestic economy.
In the Americas and Europe, the company reported steady rises in unit sales of passenger car and light truck tires as well as trucks and buses tires.
Net sales in the tires segment during the first half of fiscal 2015 rose by 6 percent to ¥1,555.2 billion, with operating income reaching ¥217.0 billion, an increase of 7 percent.
In the diversified products segment, net sales were ¥311.6 billion, an increase of 8 percent from the first half of fiscal 2014 due to the depreciation of the yen. Operating income was ¥20.6 billion, showing a 2-percent drop due to a decrease in the profit of domestic business.