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MarketScreener Homepage  >  Equities  >  Tokyo  >  Bridgestone Corporation    5108   JP3830800003

BRIDGESTONE CORPORATION

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Bridgestone : Wins Trademark Infringement Lawsuit in China

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11/07/2019 | 01:15am EST

Tokyo (November 7, 2019) -- Bridgestone Corporation today announced that it received a favorable ruling in its trademark infringement lawsuit against Chinese tire manufacturer Liangshan Water Margin Tire Co., Ltd. (Water Margin), in the Suzhou Intellectual Property Court.

In June 2018, Bridgestone filed the lawsuit claiming that tire manufacturing and sales activities conducted by Water Margin, under the FULISITONG brand, infringed on the Company's trademark rights by utilizing a brand mark that resembled the Company's BRIDGESTONE registered trademarks. In May 2019, the Suzhou Intellectual Property Court found in favor of Bridgestone and ordered Water Margin to cease tire manufacturing and sales activities that are in violation of the Company's trademark rights. They were also required to pay damages to the Company in the amount of roughly 3,300,000 Chinese yuan (approximately 52.8 million Japanese yen.*1).

Bridgestone takes seriously any unauthorized use or infringement of its patents, trademarks, or any other intellectual property. Through such activities, Bridgestone is prioritizing the safety and reliability associated with its products and maintaining and enhancing its hard-earned brand value.

  1. Converted at a rate of 16 Japanese yen to 1 Chinese yuan

Disclaimer

Bridgestone Corporation published this content on 07 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2019 06:14:06 UTC

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Financials (JPY)
Sales 2019 3 517 B
EBIT 2019 333 B
Net income 2019 275 B
Debt 2019 42 781 M
Yield 2019 4,08%
P/E ratio 2019 10,2x
P/E ratio 2020 11,2x
EV / Sales2019 0,74x
EV / Sales2020 0,72x
Capitalization 2 574 B
Technical analysis trends BRIDGESTONE CORPORATION
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TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 13
Average target price 4 072,50  JPY
Last Close Price 3 922,00  JPY
Spread / Highest target 27,5%
Spread / Average Target 3,84%
Spread / Lowest Target -10,8%
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NameTitle
Masaaki Tsuya Chairman & Chief Executive Officer
Akihiro Eto President, Chief Operating Officer & Director
Masato Sakano Chief Technology Officer
Scott Trevor Davis Independent Outside Director
Tsuyoshi Yoshimi Director
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