Bridgestone expects special profit
Bridgestone Corp. said yesterday it expects a group special profit of around 60.0 billion yen (445 million euro) related to plans to return 65.
0 billion yen in pension assets to the government in 2005. The Japanese tyre maker said that on a parent basis it expects a special profit of around 60.0 billion yen.
Since the move is planned for 2005, the size of the special profit it will book may change, the company said. Many companies in Japan have opted to return the state-financed portion of employee pension plans they managed on behalf of the government. .