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Profits Jump 17% for Bridgestone
Bridgestone Corp., the world's largest tiremaker, reports a record net profit in calendar 2013 of 202 billion yen ($2 billion), as revenue climbed 17% to nearly 3.6 trillion yen ($35 billion).
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Bridgestone Corp., the world's largest tiremaker, reports a record net profit in calendar 2013 of 202 billion yen ($2 billion), as revenue climbed 17% to nearly 3.6 trillion yen ($35 billion).
Operating profit last year surged 53% to 435 billion yen ($4.3 billion).
Bridgestone says an unpredictable world market will require "careful attention" this year. The company predicts its sales will grow 6% in 2014 to 3.8 trillion yen ($37 billion), operating income will rise 5% to 460 billion yen ($4.5 billion) and net income will jump 41% to 285 billion yen ($2.8 billion).
The forecasts assume an exchange rate of 100 yen to the U.S. dollar and 130 yen to the euro this year.
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