Bridgestone: Revenue and Profit May Decline for First Time in Seven Years

The outlook for the business environment surrounding Bridgestone Corp. (TYO:5108) over fiscal 2016 indicates no turnaround in demand in the second half of the year. In addition to a continued decrease in North American production of truck and business tires, Bridgestone’s mining company customers, who purchase tires for mining and construction-purpose vehicle tires, are prolonging their inventory adjustment periods. Company…

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