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February 22, 2002

JAPAN: Bridgestone profits deflated by Firestone

Tyre recalls at its Bridgestone/Firestone subsidiary dragged down Japanese tyre maker Bridgestone Corp.'s profits by 2 percent in 2001. However, the company said that it expects earnings to more than triple this year.   Bridgestone's net earnings declined to 17.4 billion yen ($130 million) in 2001 from 17.7 billion yen the previous year.

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