Restructuring costs weigh upon Bridgestone in 2024 – Profit down 12.8%
Bridgestone Corporation has reported consolidated financial results for the fiscal year 2024, showing moderate revenue growth but declines in operating and net profit compared to the previous year. Revenue amounted to ¥4.43 trillion (£23.1 billion), representing a 2.7 per cent year-on-year increase. However, operating profit declined 8.0 per cent due to restructuring costs and lower unit sales in certain markets, dropping to ¥443.3 billion (£2.3 billion).