Bridgestone net profit down 4.3% in Q1 2024, FY forecast unchanged

Bridgestone Corporation has announced its consolidated financial results for Q1 2024, with net profit down 4.3 per cent year-on-year to ¥86,602 million (£443.58 million). The company has not altered its net profit forecast for the full year ending 31 December 2024, with net profit expected to increase by 8.4 per cent year-on-year to ¥359 billion (£1.84 billion).

Revenue in the January to March period rose 2 per cent year-on-year to ¥1,064,115 million (£5.45 billion), while operating profit fell 7.6 per cent to ¥117,755 million (£602.82 million). For FY2024, Bridgestone expects revenue to increase by 2.7 per cent year-on-year to ¥4.43 trillion (£22.67 billion).

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