Bridgestone lifts profit forecast on weak yen

Newswire

TOKYO, June 27 (Reuters) - Top Japanese tyre maker Bridgestone Corp. raised its annual net profit forecast by 18 percent on Wednesday due to a weaker-than-expected yen. Bridgestone said it now expects to post a group net profit of 106 billion yen ($861 million) for calendar 2007, up from its prior estimate of 90 billion yen and the 85.1 billion yen it booked in 2006. The Tokyo-based company lifted its group revenue forecast by nearly 9 percent to 3.35 trillion yen, citing the addition of ...

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