Tire manufacturer Bridgestone Corp. released a revised earnings outlook Wednesday that includes the impact of a fire at its Tochigi factory earlier this month, lowering net and pretax profit forecasts for the year ending Dec. 31.
Bridgestone now expects a group net profit of 78 billion yen, down from the 80 billion yen it projected in August. The net profit forecast is based on the assumption that fire insurance arrangements are reflected in the full-year financial statement, Bridgestone said.
The company also lowered its 2003 pretax profit forecast to 140 billion yen from 145 billion yen on sales of 2.28 trillion yen.