Kubota : Notice of the resolution on establishing a program of purchasing own shares
April 20, 2021 at 03:03 am EDT
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April 20, 2021
FOR IMMEDIATE RELEASE
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 the resolution on establishing a program of purchasing own shares
(Pursuant to Article 165, Paragraph 2 of the Corporate Law of Japan)
Kubota Corporation ("the Company") has resolved at the Meeting of the Board of Directors held on April 20, 2021 to establish a program of purchasing own shares, pursuant to Article 156 of the Corporate Law of Japan after applying the regulations of Article 165, Paragraph 3 of said law.
1. Purpose for purchasing own shares
The Company will purchase own shares in order to improve value per share, as a part of returning profit to shareholders.
2. Details of purchasing own shares
Type of shares to be purchased:
Number of shares to be purchased:
Amount of shares to be purchased:
Term of validity:
Common shares of the Company Not exceeding 11 million shares
(0.9 % of total number of shares issued excluding treasury shares) Not exceeding ¥20 billion
From April 21, 2021 to December 15, 2021
(Reference)
As of March 31, 2021
Total number of shares issued excluding treasury shares:
1,208,576,846 shares
The number of treasury shares:
307,180 shares
< Cautionary Statements with Respect to Forward-Looking Statements >
This document may contain forward-looking statements that are based on management's expectations, 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 expenditures both in public and private sectors, foreign currency exchange 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 20 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2021 07:02:08 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 
