Kubota : Notice of the status on a program of purchasing own shares（459KB）
November 24, 2023 at 01:04 am EST
Share
November 24, 2023
FOR IMMEDIATE RELEASE
Contact: IR Section
Corporate Planning & Control 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 Companies Act)
Kubota Corporation (hereinafter the "Company") has announced the status on a program of purchasing own shares pursuant to Article 156 of the Companies Act 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 August 4, 2023 has completed.
1.
Class of shares purchased:
Common shares of the Company
2.
Term of purchase:
From November 1, 2023 to November 22, 2023
3.
Number of shares purchased:
2,425,900 shares
4.
Amount of shares purchased:
¥5,197,303,000
5.
Method of purchase:
Market buying on the Tokyo Stock Exchange and purchase
through the Tokyo Stock Exchange Trading Network Off-
Auction Own Share Repurchase Trading System (ToSTNeT-3)
(Reference)
1. Details of the resolution at the Meeting of the Board of Directors on August 4, 2023:
(1)
Class of shares to be purchased:
Common shares of the Company
(2)
Number of shares to be purchased:
Not exceeding 6.0 million shares
(0.5% of the total number of shares issued excluding
treasury shares)
(3)
Amount of shares to be purchased:
Not exceeding ¥10 billion
(4)
Term of validity:
From August 5, 2023 to December 18, 2023
2. Total number of shares purchased based on the resolution above (as of November 24, 2023):
(1)
Number of shares purchased:
4,422,400 shares
(2)
Amount of shares purchased:
¥9,999,883,750
< 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 24 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2023 06:03:05 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 
