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KUBOTA CORPORATION

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Delayed Japan Exchange  -  05/27 02:00:00 am EDT
2320.50 JPY   +0.83%
04/20Kubota Corporation announces an Equity Buyback for 11,500,000 shares, representing 0.96% for ¥20,000 million.
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04/20KUBOTA : Personnel Changes
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04/20Kubota Corporation authorizes a Buyback Plan.
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Kubota : Invests in US-based AgTech Startup -Bloomfield Robotics, Inc., a Company Delivering Plant Growth Monitoring Services to Tree Crops-

12/08/2021 | 11:22pm EDT
Kubota Invests in US-based AgTech StartupBloomfield Robotics, Inc., a Company Delivering Plant Growth Monitoring Services to Tree Crops

December 9, 2021
Kubota Corporation

Kubota Corporation (Head Office: Naniwa-Ku, Osaka, Japan; President and Representative Director: Yuichi Kitao; hereinafter "Kubota") has invested in Bloomfield Robotics, Inc. (hereinafter "Bloomfield"), a US startup company that uses image analysis technology and AI to assess plant growth and detect pests on grape, blueberry, and other tree crops.

1. Background and Objectives
  • Kubota has been building alliances with various startups and other companies for the purpose of delivering solutions to enhance the efficiency and productivity of tree crops farming.
  • The services provided by Bloomfield use AI to analyze and assess image data of tree crops in fields taken with specialized proprietary cameras and propose optimal farming methods.
  • The Bloomfield cameras can be mounted on any vehicle that can be operated on these farms to collect image data on crop conditions such as the color, maturity, size of fruits and leaves during operation. AI processes, analyzes, and assesses such image data to propose anti-pest measures and the optimal time to harvest crops.
  • The short-term performance assessment from data collection (image capture) through proposal offered by these services enables tree crop farmers to take timely actions based on pest detection and yield estimation at an early stage, greatly helping tree crop farmers to improve yields and reduce costs.
  • Kubota will promote the transition to smart agriculture on tree crop farms by building an alliance with Bloomfield through this investment.
  • This investment was made possible through collaboration with the THRIVE Accelerator Program, a startup accelerator program operated by SVG Ventures in which Kubota participates, and this investment in Bloomfield is a joint investment with SVG Ventures.
  • Bloomfield-vehicle camera

  • Bloomfield services

2. About Bloomfield Robotics, Inc.
Name Bloomfield Robotics, Inc.
Representative Mark DeSantis (CEO)
Head office Pittsburgh, Pennsylvania, USA
Established 2018
Business Provision of crop monitoring services
using image analysis technology and AI
Reference
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Kubota Corporation published this content on 09 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2021 04:21:07 UTC.


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Financials
Sales 2022 2 452 B 19 296 M 19 296 M
Net income 2022 198 B 1 556 M 1 556 M
Net Debt 2022 773 B 6 078 M 6 078 M
P/E ratio 2022 14,1x
Yield 2022 2,10%
Capitalization 2 784 B 21 908 M 21 908 M
EV / Sales 2022 1,45x
EV / Sales 2023 1,32x
Nbr of Employees 43 293
Free-Float 96,7%
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 2 320,50 JPY
Average target price 2 620,83 JPY
Spread / Average Target 12,9%
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Managers and Directors
Yuichi Kitao President & Representative Director
Makoto Egawa Manager-Corporate Planning
Masatoshi Kimata Chairman
Masato Yoshikawa Representative Director & Executive Vice President
Muneji Okamoto Senior GM-Machine Technology
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