Bridgestone posts 9% increase in sales for Q1 2013

bridgestoneBridgestone Corporation has reported net sales of 794.5 billion yen in the first fiscal quarter of 2013, an increase of 9% from the first fiscal quarter of 2012 .

Operating income also increased 18% from 74.4 billion yen, Ordinary income increased 14% from 70.1 billion yen, and Net income increased 2% from 43.1 billion yen, over the same period.

The company said that the economic situation in Europe is weighing down on its business activities, also observing that Asian economic expansion showed signs of a slowdown, particularly in China and India, and that overall recovery by many overseas economies was continuously weak.