Kubota : Notice of results of purchase of own shares through ToSTNeT-3 and the status on a program of purchasing own shares
August 05, 2020 at 09:12 pm EDT
Share
August 6, 2020
FOR IMMEDIATE RELEAS
Contact: IR Group
Corporate Planning & Control Dept.
2-47, Shikitsuhigashi 1-chome,
Naniwa-ku, Osaka 556-8601, Japan
Phone: +81-6-6648-2645
Notice of results of purchase of own shares through ToSTNeT-3
and the status on a program of purchasing own shares
(Pursuant to Article 165, Paragraph 2 of the Companies Act)
Kubota Corporation (hereinafter the "Company") has announced that it purchased own shares, pursuant to the announcement made on August 5, 2020, as described below. In addition, it has also announced that there was no purchase of own shares from July 1, 2020 to August 5, 2020.
1. Details of purchasing own shares
1.
Class of shares purchased:
Common shares of the Company
2.
Number of shares purchased:
3,423,200 shares
3.
Amount of shares purchased:
¥5,494,236,000
4.
Date of purchase:
August 6, 2020
5.
Method of purchase:
Purchase through the Tokyo Stock Ecchange
Trading Network Off-Auction Own Share
Repurchase Trading System (ToSTNeT-3)
(Reference)
1. Details of the resolution at the Meeting of the Board of Directors on April 17, 2020:
(1)
Class of shares to be purchased:
Common shares of the Company
(2)
Number of shares to be purchased:
Not ecceeding 20 million shares
(1.7% of the total number of shares issued
eccluding treasury shares)
(3)
Amount of shares to be purchased:
Not ecceeding ¥20 billion
(4)
Term of validity:
From April 20, 2020 to December 14, 2020
2. Total number of shares purchased based on the resolution above (as of August 6, 2020):
(1)
Number of shares purchased:
8,007,900 shares
(2)
Amount of shares purchased:
¥ 12,494,202,600
< Cautionary Statements with Respect to Forward-Looking Statements >
This document may contain forward-looking statements that are based on management's ecpectations, 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 ecpenditures, both in public and private sectors, foreign currency ecchange rates, the occurrence of natural disasters, 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 published this content on 06 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 August 2020 01:11:03 UTC
Kubota Corporation specializes in the manufacturing and marketing of industrial and agricultural machines and water purifying and distribution equipments. Net sales break down by family of products as follows:
- industrial and agricultural machines (84.9%): tractors, harvesters, transplantors, mowers, etc.;
- water purifying and distribution systems (13.9%): ductile cast iron, steel and plastic pipes, valves, recycling pumps, incinerators, ceramic filters, used water purifiers, etc.;
- other (1.2%): industrial pieces, steel tubes, building machines, etc.
Net sales break down geographically as follows: Japan (27.4%), Asia (18.5%), North America (37.3%), Europe (13%) and other (3.8%).
KUBOTA CORPORATION 
