Form 6-K
Table of Contents

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6 - K

 

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of August 2010

Commission File Number: 1-07294

 

 

KUBOTA CORPORATION

(Translation of registrant’s name into English)

 

 

2-47, Shikitsuhigashi 1-chome, Naniwa-ku, Osaka, Japan

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F :

Form 20-F      X                Form 40-F              

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) :             

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) :             

 

 

 


Table of Contents

Information furnished on this form:

EXHIBITS

Exhibit Number

 

1. Results of Operations for the three months ended June 30,2010 (Tuesday, August 3, 2010)


Table of Contents
   

Contact:

IR Group

Kubota Corporation

2-47, Shikitsuhigashi 1-chome,

Naniwa-ku, Osaka 556-8601, Japan

Phone : +81-6-6648-2645

Facsimile : +81-6-6648-2632

FOR IMMEDIATE RELEASE (TUESDAY, AUGUST 3, 2010)

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED

JUNE 30, 2010 REPORTED BY KUBOTA CORPORATION

OSAKA, JAPAN, August 3, 2010 — Kubota Corporation reported its consolidated results for the three months ended June 30, 2010 today.

Consolidated Financial Highlights

1. Consolidated results of operations for the three months ended June 30, 2010

 

(1) Results of operations    (In millions of yen except per common share amounts)  
     Three months ended
Jun. 30, 2010
   Change
[%]
   Three months ended
Jun. 30, 2009
   Change
[%]
 

Revenues

   ¥ 199,227    2.0    ¥ 195,326    (25.4

Operating income

   ¥ 18,116    76.3    ¥ 10,276    (70.3

Income before income taxes and equity in net income of affiliated companies

   ¥ 19,419    80.7    ¥ 10,749    (71.3

Net income attributable to Kubota Corporation

   ¥ 10,750    93.4    ¥ 5,557    (72.3

Net income attributable to Kubota Corporation per common share

           

Basic

   ¥ 8.45       ¥ 4.37   

Diluted

   ¥ 8.45       ¥ 4.37   

Note : Change[%] represents percentage change from the corresponding period in the prior year.

 

(2) Financial position    (In millions of yen except per common share amounts)  
     Jun. 30, 2010     Mar. 31, 2010  

Total assets

   ¥ 1,385,292      ¥ 1,409,033   

Equity

   ¥ 670,962      ¥ 671,619   

Kubota Corporation shareholders’ equity

   ¥ 623,899      ¥ 626,397   

Ratio of Kubota Corporation shareholders’ equity

     45.0     44.5

Kubota Corporation shareholders’ equity per common share

   ¥ 490.56      ¥ 492.51   

2. Cash dividends

 

     (In yen)
     Cash dividends per common share
     Interim    Year end    Total

Year ended March 31, 2010

   ¥ 7.00    ¥ 5.00    ¥ 12.00

Year ending March 31, 2011

     Undecided      Undecided      Undecided

Note : Although the Company’s basic policy for the return of profit to shareholders is to maintain stable dividends or raise dividends, specific amount of cash dividends for each fiscal year is decided in consideration of the development of business performance, financial conditions and payout ratio including share buybacks. Specific amount of cash dividends for the year ending March 31, 2011 is undecided at this time and the Company will inform the amount as soon as a decision is made.

 

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Kubota Corporation

and Subsidiaries

 

3. Anticipated results of operations for the year ending March 31, 2011

 

     (In millions of yen except per common share amounts)
     Six months ending
Sep. 30, 2010
   Change
[%]
   Year ending
Mar. 31, 2011
   Change
[%]

Revenues

   ¥ 450,000    1.2    ¥ 1,000,000    7.5

Operating income

   ¥ 40,000    20.7    ¥ 90,000    29.1

Income before income taxes and equity in net income of affiliated companies

   ¥ 41,500    24.7    ¥ 90,000    22.5

Net income attributable to Kubota Corporation

   ¥ 24,000    24.3    ¥ 52,000    22.9

Net income attributable to Kubota Corporation per common share

   ¥ 18.87       ¥ 40.89   

Note : Change[%] represents percentage change from the corresponding period in the prior year.

Please refer to page 5 for further information related to the above mentioned anticipated results of operations.

4. Other information

 

(1) Changes in material subsidiaries : None

 

(2) Adoption of simplified accounting procedures or specific accounting procedures for consolidated quarterly financial statements : Please refer to “2. Other information” on page 6.

 

(3) Changes in accounting principles, procedures, and presentations for consolidated financial statements

 

  a) Changes due to the revision of accounting standards : None

 

  b) Changes in matters other than a) above : None

 

(4)  Number of shares outstanding including treasury stock as of June 30, 2010   :            1,285,919,180

  Number of shares outstanding including treasury stock as of March 31, 2010

  :            1,285,919,180

  Number of treasury stock as of June 30, 2010

  :            14,116,244

  Number of treasury stock as of March 31, 2010

  :            14,072,545

  Weighted average number of shares outstanding during the three months ended June 30, 2010

  :            1,271,821,378

  Weighted average number of shares outstanding during the three months ended June 30, 2009

  :            1,272,041,078

(*Information on status of the quarterly review by the independent auditor)

This release is not reviewed or audited in accordance with Financial Instruments and Exchange Law of Japan by the independent auditor because this release is not subject to the quarterly review. As of the date of this release, the Company’s consolidated financial statements for the three months ended June 30, 2010 are under procedure of the quarterly review.

 

 

< Cautionary Statements with Respect to Forward-Looking Statements >

 

This document may contain forward-looking statements that are based on management’s expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, without limitation: general economic conditions in the Company’s markets, particularly government agricultural policies, levels of capital expenditures, both in public and private sectors, foreign currency exchange rates, continued competitive pricing pressures in the marketplace, as well as the Company’s ability to continue to gain acceptance of its products.

 

 

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Kubota Corporation

and Subsidiaries

 

Index to Accompanying Materials

 

1.   

Review of operations and financial condition

   4
   (1)  

Summary of the results of operations for the three months under review

   4
   (2)  

Financial condition

   5
   (3)  

Prospect for the fiscal year under review

   5
2.   

Other information

   6
   (1)  

Changes in material subsidiaries

   6
   (2)  

Adoption of simplified accounting procedures or specific accounting procedures for consolidated quarterly financial statements

   6
   (3)  

Changes in accounting principles, procedures and presentations for consolidated financial statements

   6
3.   

Consolidated financial statements

   7
   (1)  

Consolidated balance sheets

   7
   (2)  

Consolidated statements of income

   8
   (3)  

Consolidated statements of cash flows

   9
   (4)  

Notes to assumption for going concern

   10
   (5)  

Consolidated segment information

   10
   (6)  

Consolidated statements of changes in equity

   11
4.   

Reference data

   12
   (1)  

Consolidated revenues by reporting segment

   12

 

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Table of Contents

Kubota Corporation

and Subsidiaries

 

1. Review of operations and financial condition

(1) Summary of the results of operations for the three months under review

For the three months ended June 30, 2010, revenues of Kubota Corporation and subsidiaries (hereinafter, the “Company”) increased ¥3.9 billion [2.0%], to ¥199.2 billion from the corresponding period in the prior year.

Domestic revenues decreased ¥2.1 billion [2.1%], to ¥98.6 billion, due to decreases in revenues in Water & Environment Systems and Social Infrastructure, while revenues in Farm & Industrial Machinery and Other increased. Overseas revenues increased ¥6.0 billion [6.4%], to ¥100.6 billion, because a substantial increase in revenues in Farm & Industrial Machinery made up for decreases in revenues in other segments.

Operating income increased ¥7.8 billion [76.3 %], to ¥18.1 billion from the corresponding period in the prior year, due to an increase in revenues in Farm & Industrial Machinery and company-wide cost-cutting efforts. Income before income taxes and equity in net income of affiliated companies increased ¥8.7 billion [80.7 %], to ¥19.4 billion. Income taxes were ¥7.2 billion [representing an effective tax rate of 37.2 %], and net income increased ¥5.5 billion [81.5 %], to ¥12.2 billion. Net income attributable to Kubota Corporation was ¥10.8 billion, ¥5.2 billion [93.4 %] higher than the corresponding period in the prior year.

Review of operations by reporting segment

1) Farm & Industrial Machinery

Farm & Industrial Machinery comprises farm equipment, engines and construction machinery.

Revenues in this segment were ¥148.0 billion, 9.7 % higher than the corresponding period in the prior year, comprising 74.3 % of consolidated revenues.

Domestic revenues increased 6.4 %, to ¥54.4 billion. Sales of farm equipment increased on the back of steady demand and as a result of aggressive sales promotion activities. Sales of engines and construction machinery also increased due to rebound in demand.

Overseas revenues increased 11.7 %, to ¥93.6 billion. In North America, sales of tractors and engines in the U.S. increased against the background of recovery in demand. On the other hand, sales of all products in Canada decreased affected by stagnated demand. In Europe, sales of construction machinery substantially increased due to the market upturn. Sales of engines also increased steadily. In Asia outside Japan, sales of farm equipment increased favorably. Sales of construction machinery also increased.

Operating income in Farm & Industrial Machinery increased 82.5 %, to ¥21.3 billion due to increased revenues and cost reductions.

2) Water & Environment Systems

Water & Environment Systems comprises pipe-related products (ductile iron pipes, plastic pipes, valves, and other products) and environment-related products (environmental plants, pumps and other products).

Revenues in this segment decreased 20.7 %, to ¥30.7 billion from the corresponding period in the prior year, comprising 15.4 % of consolidated revenues.

Domestic revenues decreased 15.1 %, to ¥27.7 billion. Sales of pipe-related products such as ductile iron pipes and plastic pipes decreased due to sluggish demand. Sales of environment-related products also decreased mainly due to a decrease in sales of water and sewage treatment engineering and pumps. Overseas revenues decreased 50.3 %, to ¥3.1 billion. Sales of ductile iron pipes for the Middle East market and valves decreased.

Operating income in Water & Environment Systems decreased 95.1 %, to ¥0.1 billion due to decreased revenues and price hike of raw materials.

 

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Kubota Corporation

and Subsidiaries

 

3) Social Infrastructure

Social Infrastructure consists of industrial castings, spiral welded steel pipes, vending machines, electronic equipped machinery, and air-conditioning equipment.

Revenues in this segment decreased 6.1 %, to ¥15.1 billion from the corresponding period in the prior year, comprising 7.6 % of consolidated revenues.

Domestic revenues decreased 6.1 %, to ¥11.1 billion. Sales of industrial castings decreased. Sales of spiral welded steel pipes also decreased due to declines of sales price. On the other hand, sales of vending machines, electronic equipped machinery, and air-conditioning equipment increased. Overseas revenues decreased 6.1 %, to ¥3.9 billion, mainly due to a decrease in sales of industrial castings.

Operating income in Social Infrastructure decreased 52.2 %, to ¥0.5 billion mainly due to decreased revenues and tightening competition.

4) Other

Other comprises construction, services and other businesses.

Revenues in this segment decreased 2.3 %, to ¥5.5 billion from the corresponding period in the prior year, comprising 2.7 % of consolidated revenues. The decrease was mainly due to a decline in sales of services, while sales of construction increased.

Operating income in Other increased 18.4 %, to ¥0.3 billion.

(2) Financial condition

Assets, liabilities and equity

Total assets at the end of June 2010 amounted to ¥1,385.3 billion, a decrease of ¥23.7 billion from the end of March 2010. As for current assets, cash and cash equivalents, and notes and accounts receivable substantially decreased, while inventories increased. Investments and long-term finance receivables decreased due to a decline of the stock market.

As for liabilities, current liabilities largely decreased mainly due to decreases in accounts payable and income tax payable in other current liabilities.

Equity decreased slightly because an increase of accumulated other comprehensive loss, which resulted from a decrease in unrealized gains on securities, exceeded an increase in retained earnings and noncontrolling interests. Shareholders’ equity ratio was 45.0 %, 0.5 percentage points higher than the prior year end.

Cash flows

Net cash provided by operating activities during the three months under review was ¥3.7 billion, an increase of ¥8.0 billion of cash inflow from the corresponding period in the prior year. This increase was mainly due to an increase in net income.

Net cash used in investing activities was ¥3.6 billion, an increase of ¥6.5 billion of cash outflow from the corresponding period in the prior year. This increase was mainly due to large decreases in proceeds from sales and redemption of investments.

Net cash used in financing activities was ¥10.0 billion, an increase of ¥9.0 billion of cash outflow from the corresponding period in the prior year, mainly due to a decrease in fund-raising.

As a result, including the effect of exchange rate, cash and cash equivalents at the end of June 2010 was ¥101.4 billion, a decrease of ¥10.0 billion from the beginning of the year.

(3) Prospect for the fiscal year under review

The forecasts of the anticipated results of operations for the year ending March 31, 2011, which were announced on May 11, 2010, remain unchanged.

The forecasts are based on the assumption of an exchange rate of ¥90=US$1.

 

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Kubota Corporation

and Subsidiaries

 

2. Other information

(1) Changes in material subsidiaries

None

(2) Adoption of simplified accounting procedures or specific accounting procedures for consolidated quarterly financial statements

Income tax expense for the three months ended June 30, 2010 was calculated using reasonably estimated annual effective tax rate for this fiscal year.

(3) Changes in accounting principles, procedures and presentations for consolidated financial statements

None

 

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Kubota Corporation

and Subsidiaries

 

3. Consolidated financial statements

(1) Consolidated balance sheets

 

Assets    (In millions of yen)
     Jun. 30, 2010    Mar. 31, 2010    Change     Jun. 30, 2009
   Amount     %    Amount     %    Amount     Amount     %

Current assets:

                

Cash and cash equivalents

   101,405         111,428         (10,023   68,141     

Notes and accounts receivable

   350,776         372,076         (21,300   367,319     

Short-term finance receivables-net

   104,520         104,840         (320   100,124     

Inventories

   184,009         172,323         11,686      207,726     

Other current assets

   60,253         60,161         92      66,673     
                                

Total current assets

   800,963      57.8    820,828      58.3    (19,865   809,983      58.1

Investments and long-term finance receivables

   314,519      22.7    321,724      22.8    (7,205   301,099      21.6

Property, plant, and equipment

   219,645      15.9    220,893      15.7    (1,248   227,382      16.3

Other assets

   50,165      3.6    45,588      3.2    4,577      54,595      4.0
                                      

Total

   1,385,292      100.0    1,409,033      100.0    (23,741   1,393,059      100.0
Liabilities and Equity    (In millions of yen)
     Jun. 30, 2010    Mar. 31, 2010    Change     Jun. 30, 2009
     Amount     %    Amount     %    Amount     Amount     %

Current liabilities:

                

Short-term borrowings

   88,351         88,333         18      122,695     

Notes and accounts payable

   154,066         157,949         (3,883   142,033     

Other current liabilities

   102,875         122,524         (19,649   118,869     

Current portion of long-term debt

   70,832         71,432         (600   67,465     
                                

Total current liabilities

   416,124      30.1    440,238      31.2    (24,114   451,062      32.4

Long-term liabilities:

                

Long-term debt

   248,150         243,333         4,817      238,940     

Accrued retirement and pension costs

   37,910         40,177         (2,267   54,255     

Other long-term liabilities

   12,146         13,666         (1,520   9,837     
                                

Total long-term liabilities

   298,206      21.5    297,176      21.1    1,030      303,032      21.7

Equity:

                

Kubota Corporation shareholders’ equity:

                

Common stock

   84,070         84,070         —        84,070     

Capital surplus

   89,241         89,241         —        93,048     

Legal reserve

   19,539         19,539         —        19,539     

Retained earnings

   481,692         477,303         4,389      449,441     

Accumulated other comprehensive loss

   (41,356      (34,491      (6,865   (39,035  

Treasury stock

   (9,287      (9,265      (22   (9,101  
                                

Total Kubota Corporation shareholders’ equity

   623,899      45.0    626,397      44.5    (2,498   597,962      42.9

Noncontrolling interests

   47,063      3.4    45,222      3.2    1,841      41,003      3.0
                                

Total equity

   670,962      48.4    671,619      47.7    (657   638,965      45.9
                                      

Total

   1,385,292      100.0    1,409,033      100.0    (23,741   1,393,059      100.0

 

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Kubota Corporation

and Subsidiaries

 

(2) Consolidated statements of income

 

     (In millions of yen)
     Three months ended
Jun. 30, 2010
   Three months ended
Jun. 30, 2009
   Change     Year ended
Mar. 31, 2010
   Amount     %    Amount     %    Amount     %     Amount     %

Revenues

   199,227      100.0    195,326      100.0    3,901      2.0      930,644      100.0

Cost of revenues

   142,838      71.7    145,805      74.7    (2,967   (2.0   681,374      73.2

Selling, general, and administrative expenses

   38,184      19.2    38,960      19.9    (776   (2.0   179,352      19.3

Other operating expenses

   89      0.0    285      0.1    (196   (68.8   216      0.0
                                  

Operating income

   18,116      9.1    10,276      5.3    7,840      76.3      69,702      7.5

Other income (expenses):

                  

Interest and dividend income

   1,552         1,433         119        3,381     

Interest expense

   (458      (642      184        (2,127  

Gain on nonmonetary exchange of securities

   2,774                 2,774            

Gain on sales of securities-net

   1         247         (246     1,821     

Foreign exchange gain (loss) -net

   (1,317      775         (2,092     2,894     

Other-net

   (1,249      (1,340      91        (2,188  
                                  

Other income, net

   1,303         473         830        3,781     
                                  

Income before income taxes and equity in net income of affiliated companies

   19,419      9.7    10,749      5.5    8,670      80.7      73,483      7.9

Income taxes

   7,217         3,740         3,477        25,977     

Equity in net income (loss) of affiliated companies

   21         (275      296        402     
                                  

Net income

   12,223      6.1    6,734      3.4    5,489      81.5      47,908      5.1

Less: Net income attributable to noncontrolling interests

   1,473         1,177         296        5,582     
                                  

Net income attributable to Kubota Corporation

   10,750      5.4    5,557      2.8    5,193      93.4      42,326      4.5
                                            

Net income attributable to Kubota Corporation per common share

   (In yen)

Basic

   8.45         4.37             33.28     

Diluted

   8.45         4.37             33.28     

 

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(3) Consolidated statements of cash flows

 

     (In millions of yen)  
     Three months ended
Jun. 30, 2010
    Three months ended
Jun. 30, 2009
    Change  
      

Operating activities:

      

Net income

   12,223      6,734     

Depreciation and amortization

   6,590      7,030     

Gain on nonmonetary exchange of securities

   (2,774   —       

Deferred income taxes

   3,524      866     

Decrease in notes and accounts receivable

   21,259      29,878     

Decrease (increase) in inventories

   (11,796   4,740     

Increase in other current assets

   (1,512   (10,074  

Decrease in trade notes and accounts payable

   (4,308   (43,691  

Decrease in income taxes payable

   (18,325   (1,127  

Decrease in other current liabilities

   (1,737   (832  

Decrease in accrued retirement and pension costs

   (2,390   (154  

Other

   2,945      2,302     
                  

Net cash provided by (used in) operating activities

   3,699      (4,328   8,027   

Investing activities:

      

Purchases of fixed assets

   (5,153   (4,735  

Proceeds from sales of property, plant, and equipment

   438      117     

Proceeds from sales and redemption of investments

   6      5,368     

Increase in finance receivables

   (35,444   (31,176  

Collection of finance receivables

   36,134      34,065     

Other

   441      (752  
                  

Net cash provided by (used in) investing activities

   (3,578   2,887      (6,465

Financing activities:

      

Proceeds from issuance of long-term debt

   21,007      33,655     

Repayments of long-term debt

   (18,573   (10,918  

Net decrease in short-term borrowings

   (6,020   (14,806  

Cash dividends

   (6,361   (8,907  

Purchases of treasury stock

   (11   (20  

Other

   (37   (2  
                  

Net cash used in financing activities

   (9,995   (998   (8,997

Effect of exchange rate changes on cash and cash equivalents

   (149   1,075      (1,224
                  

Net decrease in cash and cash equivalents

   (10,023   (1,364  

Cash and cash equivalents at beginning of period

   111,428      69,505     
                  

Cash and cash equivalents at end of period

   101,405      68,141      33,264   
                  

 

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Kubota Corporation

and Subsidiaries

 

(4) Notes to assumption for going concern

None

(5) Consolidated segment information

1) Reporting segments

Three months ended June 30, 2010

 

      (In millions of yen)
     Farm &
Industrial
Machinery
   Water &
Environment
Systems
   Social
Infrastructure
   Other    Adjustments     Consolidated

Revenues

                

External customers

   148,004    30,721    15,050    5,452    —        199,227

Intersegment

   10    271    548    2,722    (3,551   —  

Total

   148,014    30,992    15,598    8,174    (3,551   199,227

Operating income

   21,283    77    502    302    (4,048   18,116

Three months ended June 30, 2009

 

     (In millions of yen)
     Farm &
Industrial
Machinery
   Water &
Environment
Systems
   Social
Infrastructure
   Other    Adjustments     Consolidated

Revenues

                

External customers

   134,959    38,753    16,031    5,583    —        195,326

Intersegment

   20    211    547    2,751    (3,529   —  

Total

   134,979    38,964    16,578    8,334    (3,529   195,326

Operating income

   11,660    1,565    1,051    255    (4,255   10,276

Notes:

1. The amounts in “Adjustments” include the eliminations of intersegment transactions and the unallocated corporate expenses.

2. The aggregated amounts of operating income equal to those in the consolidated statements of income, and please refer to the consolidated statements of income for the reconciliation of operating income to income before income taxes and equity in net income of affiliated companies.

3. Intersegment revenues are recorded at values that approximate market prices.

2) Geographic segments

Information for revenues from external customers by destination

 

      (In millions of yen)
     Three months ended
Jun. 30, 2010
   Three months ended
Jun. 30, 2009

Japan

   98,635    100,765

North America

   35,428    35,645

Europe

   19,203    17,258

Asia

   38,518    32,963

Other Areas

   7,443    8,695

Total

   199,227    195,326

Notes:

1. Revenues from North America include those from the United States of ¥28,225 million and ¥26,685 million for the three months ended June 30, 2010 and 2009, respectively.

2. There is no single customer, revenues from whom exceed 10% of total consolidated revenues of the Company.

 

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Kubota Corporation

and Subsidiaries

 

(6) Consolidated statements of changes in equity

 

     (In millions of yen)  
     Shares of
common  stock
outstanding
(thousands)
    Kubota Corporation shareholders’ equity     Non-
controlling
interests
    Total
equity
 
       Common
stock
   Capital
surplus
   Legal
reserve
   Retained
earnings
    Accumulated
other
comprehensive
loss
    Treasury
stock
     

Balance at April 1, 2010

   1,271,847      84,070    89,241    19,539    477,303      (34,491   (9,265   45,222      671,619   

Net income

              10,750          1,473      12,223   

Other comprehensive income (loss)

                (6,865     409      (6,456

Cash dividends paid to Kubota Corporation shareholders, ¥5 per share

              (6,361         (6,361

Cash dividends paid to noncontrolling interests

                    (97   (97

Purchases and sales of treasury stock

   (44                (22     (22

Changes in ownership interests in subsidiaries and others

                    56      56   

Balance at June 30, 2010

   1,271,803      84,070    89,241    19,539    481,692      (41,356   (9,287   47,063      670,962   

 

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Kubota Corporation

and Subsidiaries

 

4. Reference data

(1) Consolidated revenues by reporting segment

 

     (In millions of yen)
     Three months ended
Jun. 30, 2010
   Three months ended
Jun. 30, 2009
   Change     Year ended
Mar. 31,  2010
     Amount    %    Amount    %    Amount     %     Amount    %

Farm Equipment and Engines

   132,997    66.8    123,061    63.0    9,936      8.1      561,165    60.3

Domestic

   50,862       47,789       3,073      6.4      212,712   

Overseas

   82,135       75,272       6,863      9.1      348,453   

Construction Machinery

   15,007    7.5    11,898    6.1    3,109      26.1      55,561    5.9

Domestic

   3,571       3,391       180      5.3      16,924   

Overseas

   11,436       8,507       2,929      34.4      38,637   

Farm & Industrial Machinery

   148,004    74.3    134,959    69.1    13,045      9.7      616,726    66.2

Domestic

   54,433    27.3    51,180    26.2    3,253      6.4      229,636    24.6

Overseas

   93,571    47.0    83,779    42.9    9,792      11.7      387,090    41.6

Pipe-Related Products

   21,747    10.9    28,061    14.3    (6,314   (22.5   144,465    15.5

Domestic

   19,713       22,754       (3,041   (13.4   127,658   

Overseas

   2,034       5,307       (3,273   (61.7   16,807   

Environment-Related Products

   8,974    4.5    10,692    5.5    (1,718   (16.1   78,484    8.5

Domestic

   7,939       9,823       (1,884   (19.2   70,439   

Overseas

   1,035       869       166      19.1      8,045   

Water & Environment Systems

   30,721    15.4    38,753    19.8    (8,032   (20.7   222,949    24.0

Domestic

   27,652    13.9    32,577    16.6    (4,925   (15.1   198,097    21.3

Overseas

   3,069    1.5    6,176    3.2    (3,107   (50.3   24,852    2.7

Social Infrastructure

   15,050    7.6    16,031    8.2    (981   (6.1   63,293    6.8

Domestic

   11,136    5.6    11,864    6.1    (728   (6.1   47,026    5.1

Overseas

   3,914    2.0    4,167    2.1    (253   (6.1   16,267    1.7

Other

   5,452    2.7    5,583    2.9    (131   (2.3   27,676    3.0

Domestic

   5,414    2.7    5,144    2.7    270      5.2      26,904    2.9

Overseas

   38    0.0    439    0.2    (401   (91.3   772    0.1

Total

   199,227    100.0    195,326    100.0    3,901      2.0      930,644    100.0

Domestic

   98,635    49.5    100,765    51.6    (2,130   (2.1   501,663    53.9

Overseas

   100,592    50.5    94,561    48.4    6,031      6.4      428,981    46.1

 

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Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    KUBOTA CORPORATION
Date: August 3, 2010     By:  

/s/ Shigeru Kimura

    Name:   Shigeru Kimura
    Title:   Executive Officer
      General Manager of Finance & Accounting Department