TOKYO—Bridgestone Corp. has reported a 20.6 percent year-on-year decline in first half operating income at $1.5 billion, on 1.7 percent lower sales of $16.1 billion.
Sales within the tire division fell slightly to $13.8 billion over the first six months of the year, down from $13.9 brillion registered the year before, Bridgestone said in an Aug. 90 statement.
Diversified products unit, which is currently undergoing a major restructuring scheme, reported 5 percent year-on-year drop in revenue to $2.95 billion. The non-tire unit manufactures conveyor belts, hydraulic hoses, rubber tracks, seismic shock-absorbers, automotive parts, construction materials and sports equipment.
Operating income for the tire division fell 17 percent to $1.5 billion, while the diversified product unit reported a $948,000 loss.
Regional sales in China and Asia-Pacific were down 5 percent to $2.9 billion, while Japan registered 1 percent growth at $5.1 billion.
The Americas saw sales drop by 1 percent at $8.1 billion, while Europe, Middle East and Africa remained flat at $2.8 billion.
All regions except EMEA reported double-digit operating income declines, according to the Bridgestone half year results presentation.