JAPAN: Bridgestone cuts net profit forecast – report
Bridgestone Corporation on Wednesday cut its group net profit forecast for the year to December to 40 billion yen ($US321.8 million) from 70 billion yen, Reuters reported. According to Reuters, Bridgestone also said it would provide 400 million euros ($US399 million) for its European unit to strengthen operations, which would include boosting capacity at its Polish factory to 23,000 tyres by the end of 2006 from 10,000 now.
Bridgestone Corporation on Wednesday cut its group net profit forecast for the year to December to 40 billion yen ($US321.8 million) from 70 billion yen, Reuters reported.
According to Reuters, Bridgestone also said it would provide 400 million euros ($US399 million) for its European unit to strengthen operations, which would include boosting capacity at its Polish factory to 23,000 tyres by the end of 2006 from 10,000 now.
Bridgestone relies on its European operations for around 10% of its total annual sales, Reuters said.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
