Kubota : Notice of the status on a program of purchasing own shares
December 15, 2021 at 03:19 am EST
Share
December 15, 2021
FOR IMMEDIATE RELEASE
Contact: IR Section
Global Management Promotion Dept.
2-47, Shikitsuhigashi 1-chome,
Naniwa-ku, Osaka 556-8601, Japan
Phone: +81-6-6648-2645
Notice of the status on a program of purchasing own shares
(Pursuant to Article 165, Paragraph 2 of the Corporate Law of Japan)
Kubota Corporation (hereinafter the "Company") has announced the status on 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. The program of purchasing its own shares established at the Meeting of Board of Directors held on April 20
2021 has completed.
1.
Type of shares purchased:
Common shares of the Company
2.
Term of purchase:
From December 1, 2021 to December 15, 2021
3.
Number of shares purchased:
3,693,700 shares
4.
Amount of shares purchased:
¥ 9,182,753,950
5.
Method of purchase:
Market buying on the Tokyo Stock Exchange
(Reference)
1. Details of the resolution at the Meeting of Board of Directors on April 20, 2021:
(1)
Type of shares to be purchased:
Common shares of the Company
(2)
Number of shares to be purchased:
Not exceeding 11 million shares
(0.9% of total number of shares issued
excluding treasury share)
(3)
Amount of shares to be purchased:
Not exceeding ¥20 billion
(4)
Term of validity:
From April 21, 2021 to December 15, 2021
2. Total number of shares purchased based on the resolution above:
(1)
Number of shares purchased:
8,135,400 shares
(2)
Amount of shares purchased:
¥ 19,999,862,150
< 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 15 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 08:18:02 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 
