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Bridgestone's Profit Jumps 21% in Q1

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Bridgestone's (TYO:5108) profit attributable to owners of the parent climbed 21% to 92.1 billion yen in the fiscal first quarter from 75.9 billion yen a year earlier.

The tiremaker's earnings per share increased to 72.31 yen from 55.53 yen a year ago, according to a Tokyo bourse filing on Thursday.

Revenue rose 5.2% to 1.113 trillion yen for the three months ended March 31 from 1.058 trillion yen in the prior-year period.

For the full year, the company expects attributable profit of 340 billion yen, basic EPS of 270.87 yen, and revenue of 4.500 trillion yen.

Bridgestone plans to pay interim and year-end dividends of 60 yen and 65 yen per share, respectively, for the year, totalling 125 yen per share, lower than the amount paid in the year-ago period on a pre-stock-split basis.

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