TOKYO (Nov. 8, 2011)—Bridgestone has said net income for the nine months ended Sept. 30 was up 22.8 percent at $1.1 billion.
Sales for the first three quarters were $28.9 billion, up to 6.8 percent from the same period in 2010. Income per share was $1.35, up from $1.10 year-on-year.
The Japanese tire company said that in the first three quarters of the year, the company's operating environment was affected by high raw material prices and the appreciation of the yen.
However, Bridgestone said the domestic economy showed signs of recovery after the March 11 earthquake in the Japan.
The company noted that already the U.S. and European economies were showing signs of recovery, the trend was weakening. China and India continued to be particularly strong, the company said.