Bridgestone Japan recently announced the first quarter of 2014 performance report, the company's operating income rose 9% year-on-year, operating profit and net profit surged by more than 50%.
In the first quarter of 2014, Bridgestone’s overall operating income climbed from 794.5 billion yen (approximately US$ 7.79 billion) in the same period last year to 863.6 billion yen (approximately US$ 8.46 billion); It reached 727 billion yen (approximately US$7.13 billion), an increase of 8% over the same period of last year.
Bridgestone said that the company’s sales of tires in mainland Japan, the Americas, and Europe all continued to grow during the quarter, but sales of consumer tires in the Asia-Pacific region remained unchanged from the same period last year, and sales of commercial tires declined.
Bridgestone's first-quarter operating profit surged 56 percent year-on-year to 116.3 billion yen (approximately US$1.14 billion), operating margin was as high as 13.5%, and its net profit for the quarter reached 71.9 billion yen (approximately 710 million yen). US dollars), soared 67% year-on-year.
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