Seeking Alpha

Bridgestone Corp. ADR (BRDCY)

- OTCPK - Current
  • May. 1, 2013, 8:29 PM
    Japanese stocks declines again today for a third straight session as the yen rises further against the dollar and Wall Street finishes weak. The Nikkei Average is down 0.5% to 13,726, with exporters leading declines: Mazda (MZDAY.PK -1.5%), Bridgestone (BRDCY.PK -2.2%), Panasonic -0.9%), Toyota (TM -1.3%).
    | 1 Comment
  • Mar. 6, 2013, 7:23 PM
    Japanese stocks move higher again today, extending recent gains with the help of a weaker yen. The Nikkei Average broke above 12,000 for the first time since September 2008, rising 1% to 12,049, with exporters leading once again: Advantest (ATE +1.5%), Hitachi (HTHIY.PK +1.1%), Bridgestone (BRDCY.PK +2.7%), Toyota (TM +0.7%), and Olympus (OCPNY.PK +2.9%).
    | Comment!
  • Jan. 31, 2013, 7:27 AM
    Tire companies (GT, CTB, BRDCY.PK, MGDDY.PK) face higher input costs as the price of rubber goes up with supplies from Asian countries dwindling. Rubber prices are up 4.3% YTD and 54% since their August low.
    | 1 Comment
  • Jan. 9, 2013, 8:51 PM
    Japanese shares rise in early trading after a turnaround in the U.S. dollar sent the yen to fresh 2-1/2 year lows, giving a boost to exporter shares. The Nikkei Average rose 0.6% early in the session to 10,638: Sony (SNE +2.1%), Sharp (SHCAY.PK +3%), Toyota (TM +1.8%) and Bridgestone (BRDCY.PK +0.8%).
    | Comment!
  • Jan. 3, 2013, 8:05 PM
    Japanese stocks move higher, as investors returned from a weeklong holiday to find the yen sharply weaker than when they left. The Nikkei Average jumped 2.8% to 10,686, with big export names posting heavy gains: Toshiba (TOSYY.PK +4.5%), Nikon NINOY.PK]] +5.3%), Hitachi (HTHIY.PK +3.8%), Bridgestone BRDCY.PK +7.1%), Toyota Motor (TM +4.5%), and Honda (HMC +4.9%). Financials also move up: Nomura Holdings (NMR +4.2%), Mitsubishi UFJ Financial Group (MTU +3.3%), Daiwa Securities Group (DSEEY.PK +3.6%.
    | Comment!
  • Jun. 21, 2012, 12:42 PM
    After already reducing production in Q2, Bridgestone (BRDCY.PK), the world's biggest tire maker, says it may cut production further in the second half, citing lowered demand as Europe's debt crisis weighs on its own market and other global markets as well.
    | 1 Comment
  • Jun. 19, 2012, 7:34 AM
    A sizable rubber supply deficit is set to 180 into a massive glut thanks to a material slowdown in China. The resulting price drop will cut income for producers, but slash costs for tire makers like Goodyear (GT), Bridgestone (BRDCF.PK), Michelin (MGDDF.PK).
    | 1 Comment
  • Sep. 6, 2011, 10:12 AM
    AutoNation's (AN -3.8%) weak August sales report looks like it hit a raw nerve with investors already nervous about companies depending on the auto industry. Prominent decliners: Goodyear (GT -6.4%), Bridgestone (BRDCY.PK -5.7%), Autolive (ALV -3.9%), KAR Auction Services (KAR -3.3%).
    | Comment!
  • May. 27, 2011, 8:56 AM
    "Our (tire) production capacity is not large enough to meet expanding demand," says Sumitomo Rubber's CEO, pointing to China as the reason. Sumitomo and Bridgestone (BRDCY.PK) continue to benefit from their move to increase capacity as markets pulled back during the GFC.
    | Comment!
Visit Seeking Alpha's
BRDCY vs. ETF Alternatives
Company Description
Bridgestone Corp. designs, produces and sells automobile tires. The company also produces and markets scales to weigh racing cars and jumbo aircrafts and sporting goods including golf equipment, tennis rackets and bicycles. Bridgestone operates its businesses worldwide.
Country: Japan