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MarketScreener Homepage  >  Equities  >  Tokyo  >  Kubota Corp    6326   JP3266400005

KUBOTA CORP

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Kubota : to launch Japan's 1st autonomous combine harvester in Dec.

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06/15/2018 | 08:33am EDT

Farm equipment manufacturer Kubota Corp. said Friday it will roll out an autonomous combine harvester in December, becoming the first to introduce such a farm machine in Japan.

Utilizing an advanced global positioning system, the "Agri Robo combine" can autonomously follow a preset, most efficient route through the field and harvest rice. It can also automatically get to a set destination to unload rice husks before its hopper becomes full, according Kubota.

Introduction of the combine harvester comes after the autonomous tractor that the company began selling on a trial basis last year.

The smart combine harvester equipped with GPS system is priced around 20 million yen ($180,000).

Given Japan's aging and declining population of farmers, self-driving farm machinery is expected to make the agriculture sector more efficient.

Kubota said it aims to improve the quality of agricultural produce and cut costs through the automation of farming.

A driver still needs to be onboard to monitor and command the robotic combine during some operations. Unloading of husks requires manual labor as well.

==Kyodo

© Kyodo News International, Inc., source Newswire

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Financials (JPY)
Sales 2019 1 946 B
EBIT 2019 -
Net income 2019 148 B
Debt 2019 504 B
Yield 2019 2,17%
P/E ratio 2019 13,74
P/E ratio 2020 13,06
EV / Sales 2019 1,30x
EV / Sales 2020 1,24x
Capitalization 2 023 B
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Number of Analysts 17
Average target price 1 794  JPY
Spread / Average Target 9,3%
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Managers
NameTitle
Masatoshi Kimata President & Representative Director
Setsuo Harashima Manager-Finance
Shinji Sasaki Director, General Manager-Research & Development
Shigeru Kimura Director
Toshihiro Kubo Director
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