Consolidated Financial Statements for the First Quarter of the Fiscal Year Ending December 31, 2015.
In the first quarter of fiscal 2015 (January 1 to March 31, 2015), the operating environment surrounding Companies was as follows: the Japanese domestic economy continued gradual recovery with an improvement in company financial performance while the appreciation of US dollar and lower price of crude oil continued. The United States economy continues steady recovery supported by an increase in consumer spending. The European economy has been affected by geopolitical risks, although it has continued the signs of recovery. The Asian economic expansion continues to slow down, particularly in China. Overall, many overseas economies were recovering weakly while the political and economic situation remained unstable.
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About Bridgestone Europe
Bridgestone Europe (BSEU), with European headquarters in Brussels, Belgium, is a key regional subsidiary of Tokyo-based Bridgestone Corporation, the world’s largest manufacturer of tyres and other rubber products. Bridgestone Europe operates an R&D center, 8 plants and offices in more than 30 European countries, with over 13,000 employees. BSEU’s premium tyres are sold both within Europe and globally.