Kubota Corporation Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Provides Earnings Guidance for the Six Months Ending June 30, 2019 and Year Ending December 31, 2019
May 10, 2019 at 02:00 am EDT
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Kubota Corporation reported consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported revenues of JPY 480,712 million against JPY 428,621 million a year ago. Operating profit was JPY 52,881 million against JPY 43,892 million a year ago. Profit for the period was JPY 40,434 million or JPY 30.26 per basic share against JPY 32,733 million or JPY 24.21 per basic share a year ago.
The company provided earnings guidance for the six months ending June 30, 2019 and year ending December 31, 2019. For the six months ending June 30, 2019, the company expects revenue of JPY 995,000 million, operating profit of JPY 102,000 million and profit attributable to owners of the parent of JPY 73,000 million or JPY 59.25 basic earnings per share attributable to owners of the parent.
For the year ending December 31, 2019, the company expects revenue of JPY 1,970,000 million, operating profit of JPY 200,000 million and profit attributable to owners of the parent of JPY 145,000 million or JPY 117.68 basic earnings per share attributable to owners of the parent.
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 Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Provides Earnings Guidance for the Six Months Ending June 30, 2019 and Year Ending December 31, 2019
KUBOTA CORPORATION 
