Bridgestone Corporation Announces Executive Appointments; Reports Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Full-Year Ending December 31, 2017
The company reported earnings results for the year ended December 31, 2016. For the year, the company's net income slipped 6.6% year on year to JPY 265.5 billion. The company recorded a 13.1% year on year decline in operating income to JPY 449.5 billion with sales down 12.0% to JPY 3.3 trillion.
For full-year 2017 ending December 31, 2017, the company expects net income of JPY 280 billion and operating income of JPY 452 billion on sales of JPY 3.63 trillion.