Kubota Corporation Provides Earnings Guidance for the Six Months Ending June 30, 2021 and Year Ending December 31, 2021
May 14, 2021 at 02:15 am EDT
Share
Kubota Corporation provided earnings guidance for the six months ending June 30, 2021 and year ending December 31, 2021. For the six months ending June 30, 2021, the company expects revenue of JPY 1,040,000 million, operating profit of JPY 120,000 million, profit attributable to owners of the parent of JPY 88,000 million and earnings per share attributable to owners of the parent – basic of JPY 72.85.
For the year ending December 31, 2021, the company expects revenue of JPY 2,050,000 million, operating profit of JPY 220,000 million, profit attributable to owners of the parent of JPY 158,000 million and earnings per share attributable to owners of the parent – basic of JPY 130.80.
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 
