Bridgestone’s camp revenue increased by 3.5% in the first quarter

Bridgestone Japan recently announced its financial report for the first quarter of 2015. In the previous quarter, the company’s operating income increased, with the tire business increasing by more than 20%.

In the first quarter of 2015, Bridgestone’s overall operating income increased from 883.6 billion yen (about 7.2 billion U.S. dollars) in the same period last year to 8,937 billion yen (7.4 billion U.S. dollars) in the same period last year, which was 3.5% year-on-year; Bridgestone tire business revenue was 751.7 billion yen (6.2 billion US dollars), an increase of 24.6% year-on-year.

In the previous quarter, Bridgestone’s operating profit was 116.3 billion yen (US$970 million), which was basically the same as in the same period of 2014; net profit was 71.6 billion yen (US$590 million), a slight drop of 0.5% from the same period of last year.

In the Japanese domestic market in the first quarter of 2015, due to the increase in the consumption tax, the sales volume of Bridgestone passenger car and truck and passenger car tires both declined compared with the same period of last year, and maintained steady growth in the North American market; while in the Chinese market, Laststone’s sales of passenger car tires increased in the last quarter, but card and passenger car tire sales declined significantly.

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