Bridgestone: Tyre business increases in significance in Q2 2018

Turnover at Bridgestone Corporation increased 2.8 per cent year-on-year to 915.5 billion yen (£6.4 billion) during the second quarter of 2018. Sales within the company’s tyre business contributed 758.9 billion yen (£5.3 billion) towards total turnover, growing 3.7 per cent over the prior-year result.

Operating income nudged 0.3 per cent higher to 99.5 billion yen (£696.8 million). As turnover grew faster than operating profit, the operating margin declined 0.2 percentage points year-on-year to 10.9 per cent in the three months to 30 June 2018. Within the tyre business, operating profit rose 5.3 per cent to 94.2 billion yen (£659.7 million). The operating margin here came to 12.4 per cent (12.2 per cent in Q2 2017).

Upon releasing its Q2 2018 results, Bridgestone downwardly revised its full-year prognosis. It now expects sales of 3.7 trillion yen (£25.9 billion) rather than 3.8 billion. Operating profit has been pared down from the previously forecast 460 billion yen to 430 billion yen (£3.0), and operating margin is now expected to be 11.6 per cent rather than 12.2 per cent.

Further information about Bridgestone’s Q2 2018 financial results can be read here.

Comments closed

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site Or click below to continue on Tyrepress.