Kubota : Notice on a distribution of retained earnings

February 14, 2022

FOR IMMEDIATE RELEASE

Contact: IR Section

Corporate Planning & Control Dept.

2-47, Shikitsuhigashi 1-chome,

Naniwa-ku, Osaka 556-8601, Japan

Phone: [phone]

Notice on a distribution of retained earnings

Kubota Corporation (hereinafter "the Company") has resolved at the Meeting of the Board of Directors held on February 14, 2022 that the Company would distribute retained earnings as the record date was December 31, 2021.

1. Details of year-end dividend

	Year-end dividend	Latest forecast	Comparable previous year
	(Released on November 5, 2021)	(Year ended
			December 31, 2020)
Record date	December 31, 2021	December 31, 2021	December 31, 2020
Dividend per common share	¥21	¥21	¥19
Amount of dividend	¥25,205 million	-	¥22,957 million
Date of payment	March 22, 2022	-	March 22, 2021
Resource of dividend	Retained earnings	-	Retained earnings

2. Reasons

The Company's basic policy for the return of profit to shareholders is to maintain stable dividends and raise dividends together with share buy-backs and retirement of treasury shares.

Considering the basic policy and the Company's current business performance, the Company decided to pay ¥21 of the year-end dividend per common share. Accordingly, including the interim dividend of ¥21 per common share already paid, the annual dividend per common share for the fiscal year ended December 31, 2021 is ¥42.

					(per common share)
		Dividend per common share
	Interim dividend		Year-end dividend		Annual dividend
This fiscal year ended December 31, 2021	¥21		¥21		¥42
The fiscal year ended December 31, 2020	¥17		¥19		¥36

< 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