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    6326   JP3266400005

KUBOTA CORPORATION

(6326)
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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 : Notice of the status on a program of purchasing own shares

12/15/2021 | 03:19am EDT

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.

End of document

Disclaimer

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.


© Publicnow 2021
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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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Technical analysis trends KUBOTA CORPORATION
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Income Statement Evolution
Consensus
Sell
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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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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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