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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Kubota Corporation    6326   JP3266400005

KUBOTA CORPORATION

(6326)
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Kubota Announces New "Crossover" Compact Tractor: Introducing the New LX Series

05/04/2020 | 09:51am EST

New LX Series Bridges Gap Between Kubota's B and L Series Compact Tractors

MARKHAM, ON, May 4, 2020 /CNW Telbec/ - Today, Kubota Canada Ltd. (KCL) unveiled its new LX Series, the latest addition to the company's compact tractor line. The LX Series offers three models including the affordable entry-level LX2610SU Open Station model and the well-equipped LX2610 and LX3310, both of which come with Open Station and Cab model options. Designed with both residential and commercial operators in mind, the LX Series has the versatility to tackle rural residential tasks while providing the power and comfort to handle commercial applications. The new LX Series compact tractors will be available nationwide at authorized Kubota dealers in May 2020

"We are very excited to launch the new LX Series in Canada. This new series is the perfect fit in the compact utility tractor segment between our current B and L Series,'' said Yannick Montagano, Vice President of Sales and Marketing for Kubota Canada Ltd.  "We are confident the all-new LX Series will meet the demands of residential property owners as well as commercial operators, in a wide range of applications from snow removal to landscaping." 

A New Level of Power and Versatility on a Compact Chassis

Kubota's LX Series compact tractors are powered by world-renowned Kubota diesel engines ranging from 24.9 to 30.8 gross engine horsepower. The LX3310 model features a Kubota Common Rail System diesel engine that is engineered for the harsh Canadian climate conditions while providing better fuel economy, lower emissions as well as a high level of power, torque and performance. 

The LX Series provides great maneuverability in a compact size allowing you to operate the 60-inch or 72-inch mid-mount mower, yet it boasts the power and weight required to operate a front loader with a lift capacity of over 1,000 lbs. 

The 3-Point Hitch offers superior lift capacity for a wide variety of performance-matched rear implements. The LX Series also features Goodyear® R14 crossover tires for a variety of snow, ice, turf or mud applications.

Complete Comfort with Open Station and Cab Model Features

Operator comfort and functionality are top priorities for the LX Series, which is available in both deluxe Open Station and Cab models. The Cab model is equipped with a 4-pillar integrated cabin and includes premium standard features like heater and air conditioner, front and rear LED work lights, cabin interior light, front and rear wipers with washer, rear defogger and speakers. Both Open Station and Cab models feature cruise control, tilt steering and a new deluxe suspension seat with armrests that keep operators comfortable and productive.

LX2610SU: LX Power at an Entry-Level Price Point

The new LX Series features an entry-level LX2610SU. The LX2610SU provides both value and quality with deluxe features to maximize performance including a Kubota-built front loader and backhoe, multiple tire options and a Category I 3-Point Hitch to connect performance-matched implements to handle a wide variety of applications. Available in an Open Station model only, the LX2610SU is the perfect option for first-time tractor buyers looking to prioritize power in their compact tractor. 

About Kubota Canada

Kubota Canada Ltd. (KCL) is a subsidiary of Kubota Corporation, a tractor and heavy equipment manufacturer based in Osaka, Japan. KCL markets and distributes Kubota-engineered and manufactured equipment, which includes a complete line of tractors (up to 200 horsepower), performance-matched implements, compact and utility tractors, compact construction, landscaping and public work equipment, residential lawn and garden equipment, commercial turf products and utility vehicles. For product literature or dealer locations, contact Kubota Canada Ltd. at 5900 14th Avenue, Markham, Ontario L3S 4K4, Canada or visit: kubota.ca.

SOURCE Kubota Canada Ltd.

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2020 1 834 B 17 628 M 17 628 M
Net income 2020 128 B 1 226 M 1 226 M
Net Debt 2020 453 B 4 349 M 4 349 M
P/E ratio 2020 20,5x
Yield 2020 1,67%
Capitalization 2 553 B 24 547 M 24 537 M
EV / Sales 2020 1,64x
EV / Sales 2021 1,49x
Nbr of Employees 41 027
Free-Float 97,1%
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 2 095,33 JPY
Last Close Price 2 135,00 JPY
Spread / Highest target 17,1%
Spread / Average Target -1,86%
Spread / Lowest Target -29,7%
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Managers
NameTitle
Yuichi Kitao President & Representative Director
Masatoshi Kimata Chairman
Shinji Sasaki Director, General Manager-Research & Development
Muneji Okamoto Executive Officer & Senior GM-Machine Technology
Toshihiko Kurosawa Director & Senior Managing Executive Officer
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