Kubota CorporationTSE: 6326

Financial results for the six months ended June 30, 2025

· Issued by Kubota Corporation


Financial Results for FY 2025 2nd Quarter August 5, 2025








Financial Summary 1st half results

  • Revenue and Operating profit declined but OP was in line with forecast

  • The U.S. market declined but started to be calm slightly from Jun. Other market was relatively in line

    Forecast toward this year

  • Revenue and Operating profit declines against LY and budget

  • OP are declined by sales volume down in addition to unfavorable exchange rate and tariff

    The U.S. business outlook and strategy

  • The U.S. business potential

  • Advance the business structure reform



    (Financial Results for FY 2025 2nd Quarter) ©2025 Kubota Corporation All Rights Reserved. 2

    Results









    Financial Results for FY 2025 2nd Quarter

    （Unit: billions of yen）

    FY 2025 2Q

    FY 2024 2Q

    Changes

    Amount

    ％

    Revenue

    1,454.9

    1,579.6

    -124.7

    -7.9

    Japan

    332.3

    305.7

    +26.6

    +8.7

    Overseas

    1,122.6

    1,273.9

    -151.3

    -11.9

    North America

    Machinery

    560.5

    687.2

    -126.7

    -18.4

    Operating profit

    9.8%

    143.0

    13.1%

    207.3

    -64.3

    -31.0

    Profit before income taxes

    10.4%

    151.5

    13.7%

    216.7

    -65.3

    -30.1

    Profit attributable to owners of the parent

    6.4%

    92.5

    9.5%

    150.8

    -58.3

    -38.7

    Previous forecast (Feb. 2025)

    1,520.0

    331.0

    1,189.0

    600.9

    9.2%

    140.0

    9.8%

    149.0

    6.4%

    98.0

    1USD (JPY)

    149

    152

    1EUR (JPY)

    162

    165

    1THB (JPY)

    4.43

    4.21

    145

    152

    4.20

    Excluding the impact of foreign exchange rates, revenue decreased by ¥101.0 billion and operating profit declined by ¥47.7 billion.



    (Financial Results for FY 2025 2nd Quarter) ©2025 Kubota Corporation All Rights Reserved. 4









    Revenue by Reportable Segment

    Machinery: 1,267.4 billion yen (YoY: -136.1)

Conditions in each market

Japan

The agricultural machinery market is on an upward trend due to the rise in rice prices. Ensuring timely product supply to meet the rapidly growing demand.

North America

The CE market remains stable in both infrastructure and housing sectors. The tractor market experienced a slowdown in the residential segment due to a decline in economic sentiment. The agricultural segment has also been slowing down due to crop price decline. However, the introduction of new mid-sized tractor model contributes to market share. Strict control over inventory is ongoing.

Europe

The CE market has begun to bottom out and shows recovery in some countries. The tractor market is also showing early signs of improvement in business sentiment.

Asia except Japan

In Thailand, although the dryland market has shrunk, the impact has been minimized through the introduction of new models.

The Indian market performs well due to favorable rainfall

and harvest yields.

  • Changes in revenue by region (Billions of yen)

+18.8

-0.9

-15.7

-11.5

-126.7

+30.0

0

-30.0

-60.0

-90.0

-120.0

-150.0

Japan North Europe Asia ex.JP Others America

Revenue for

this term

174.1

560.5

166.4

329.4

37.0

Farm

Machinery *

↑↑

↓↓

↓↓

↑

↓↓

CE **

↓

↓↓

↓

↓

↓↓

* Tractors, combine harvesters, and rice transplanters ↑/↓：under 10％

** Construction machinery Equipment ↑↑/↓↓：10％ or more



(Financial Results for FY 2025 2nd Quarter) ©2025 Kubota Corporation All Rights Reserved. 5