BRIDGESTONE CORPORATION is a Japan-based manufacturing company. The Company has two business segments. The Tire segment is engaged in the manufacture and sale of tires and tubes for passenger automobiles, trucks, buses, construction vehicles, industrial vehicles, agricultural machinery, aircrafts and motorcycles, as well as the provision of retread materials, tire-related products and raw materials. This segment also provides automotive maintenance and repair services. The Diversified Product segment provides automobile-related parts, urethane foams, electronic precision parts, industrial material-related products, construction-related products, sports products, such as golf balls and golf clubs, bicycles, as well as financial services. BRIDGESTONE has 437 subsidiaries and 170 associated companies.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, BRIDGESTONE Corporation's revenues decreased 25% to Y1.874T. The Company's net loss totaled Y27.46B vs. an income of Y49.47B. Revenues reflect lower sales from tires and diversification business segments. Higher net loss also suffers from higher percentage of cost of sales and selling, general & administrative expenses, as well as decreased interest and dividend income.