-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GMJoH7ERGNv8XYidU/6HfN36+mZsmuEZ1TcIjde9y7cTVe+jgghMLEZlhvZm8grc kvNY1MRuo1c+x+gYdYzkIQ== 0001021408-03-004914.txt : 20030326 0001021408-03-004914.hdr.sgml : 20030325 20030326081637 ACCESSION NUMBER: 0001021408-03-004914 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030320 FILED AS OF DATE: 20030326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KUBOTA CORP CENTRAL INDEX KEY: 0000109821 STANDARD INDUSTRIAL CLASSIFICATION: IRON & STEEL FOUNDRIES [3320] IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07294 FILM NUMBER: 03616916 BUSINESS ADDRESS: STREET 1: 2-47 SHIKITSUHIGASHI STREET 2: 1-CHOME NANIWA-KU OSAKA 556 CITY: TOKYO STATE: M0 ZIP: 00000 BUSINESS PHONE: 0118166483317 MAIL ADDRESS: STREET 1: 2-47 SHIKITSUHIGASHI STREET 2: 1 CHOME NANIWA-KU OSAKA 556 CITY: TOKYO FORMER COMPANY: FORMER CONFORMED NAME: KUBOTA LTD DATE OF NAME CHANGE: 19900718 FORMER COMPANY: FORMER CONFORMED NAME: KUBOTA CO DATE OF NAME CHANGE: 19900925 6-K 1 d6k.htm FORM 6-K Form 6-K
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 6-K

 

Report Of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

 

For the month of March 2003.

 

Commission File Number: 2-58155

 


 

KUBOTA CORPORATION

(Translation of registrant’s name into English)

 

2-47, Shikitsuhigashi 1-chome, Naniwa-ku, Osaka, Japan

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F x Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):             

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):             

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: Yes ¨ No x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                 

 


 


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Information furnished on this form:

 

EXHIBITS

 

Exhibit Number


1.

  

Notice on transfer of shares of Kubota Lease Corporation (Thursday March 20, 2003).

2.

  

Notice with reference to purchase of treasury stock (Thursday March 20, 2003).

 


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March 20, 2003

 

To whom it may concern

 

Kubota Corporation

 

2-47 Shikitsu-higashi 1-chome

 

Naniwa-ku Osaka 556-8601 Japan

 

Contact: IR Group

 

Finance & Accounting Department

 

Phone: +81-6-6648-2645

 

Notice on transfer of shares of Kubota Lease Corporation

 

Please be advised that Kubota Corporation resolved at the board of directors’ meeting held on March 20, 2003 that Kubota Corporation would transfer all the shares of Kubota Lease Corporation (a wholly-owned subsidiary) to Sumisho Auto Leasing Corporationas follows:

 

1. Background of the transfer of shares

 

Kubota Corporation (collectively “the Company”) is resolutely proceeding with the upgrading of its businesses portfolio and the strengthening of its financial position. The Company has now decided to transfer all the shares of Kubota Lease Corporation to Sumisho Auto Leasing Corporation.

 

Although Kubota Lease Corporation has the original customer base since its founding and has been recording stable business results, Kubota Lease Corporation needs further and major efforts in order to fortify its business position and build the superiority in the growing competition of the market.

 

Under the circumstances, the Company has made the decision to transfer all the shares of Kubota Lease Corporation to Sumisho Auto Leasing Corporation. The Company expects that the advanced and excellent business system and know-how owned by Sumisho Auto Leasing Corporation would help Kubota Lease Corporation to improve its competitiveness and to achieve its growth of business.

 

2. Overview of a subsidiary to be transferred

 

(1) Name: Kubota Lease Corporation

 

(2) Principal: Teruyoshi Matsubayashi

 

(3) Address: Ginsen-Shin-Osaka building, 5-15, Nishinakajima 7-Chome, Yodogawa-ku, Osaka

 

(4) Date of incorporation: May 16, 1986

 

(5) Principal businesses: Leasing

 

(6) Fiscal year end: March 31

 

(7) The number of employees: 91 (as of March 20, 2003)

 

(8) Principal places of operations: Osaka

 

(9) Capital: 50 million yen

 

(10) The number of shares outstanding: 1,000

 

(11) Major shareholders and ratio: Kubota Corporation 1,000 shares (owning 100%)

 

(12) Recent financial results

 

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(In millions of yen)

 

      

Year ended March 31, 2001


    

Year ended March 31, 2002


Sales

    

15,124

    

15,048

Operating Income

    

440

    

564

Ordinal Income

    

28

    

338

Net Income

    

9

    

197

Total Assets

    

30,053

    

27,197

Shareholders’ Equity

    

725

    

917

 

3. Overview of Transferee

 

(1) Name: Sumisho Auto Leasing Corporation

 

(2) Principal: President and Representative Director         Tadao Yuasa

 

(3) Address: 6-1, Nishishinjuku 2-Chome, Shinjuku-ku, Tokyo

 

(4) Principal businesses: Car Leasing

 

(5) Relation with Kubota Corporation:

 

    i) in capital or stockholding:

 

None

    ii) in exchanging directors, senior management or other personnel:

 

None

    iii) in business transaction:

 

None

 

4. Shares to be transferred

 

    i) Number of shares owned by Kubota Corporation before transfer:

 

1,000 shares (100% owned)

    ii) Number of shares to be transferred (projected):

 

  1,000 shares                          

    iii) Number of shares owned by Kubota Corporation after transfer:

 

    0 shares (0% owned)

 

 

5. Schedule

 

                March 20, 2003

 

Resolution at the board of directors’meeting

                March 25, 2003

 

Contract of the transfer of shares (projected)

                April 1, 2003

 

Transfer of shares (projected)

 

6. Future outlook

 

The transfer will be implemented in April 1, 2003. Accordingly, Kubota Corporation projects that the financial effects resulting from the transfer of shares of Kubota Lease Corporation on the consolidated results in the year ending March 31, 2003 will not be material.

 

End of document

 

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March 20, 2003

 

To whom it may concern

 

KUBOTA CORPORATION

 

2-47, Shikitsu-higashi 1-chome,

 

Naniwa-ku, Osaka 556-8601, Japan

 

Contact: IR Group

 

Finance & Accounting Department

 

Phone: +81-6-6648-2645

 

Notice with reference to purchase of treasury stock

 

Please be advised of the following on the purchase of treasury stock pursuant to Article 210 of the Commercial Code.

 

 

1.      Term for acquisition :

 

From February 19, 2003 to March 19, 2003

2.      Total number of shares acquired :

 

4,361,000 shares

3.      Total amount of shares acquired :

 

¥1,373,715,000

 

 

(Reference)

 

Results of purchase as of March 19, 2003

 

    

Number of Shares


    

Amount of shares


What authorized on purchase of treasury stock at the ordinary general meeting of shareholders held on June 26, 2002

  

Not exceeding 50 million shares

    

  

Not exceeding ¥20 billion

Cumulative results of purchase from June 27, 2002

  

43,916,000 shares

  

  

¥14,641,001,000

Ratio

  

87.83

%

  

73.21%

 

End of document

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

       

KUBOTA CORPORATION

Date: March 25, 2003

     

By:

 

/s/    Daisuke Hatakake


               

Name:  Daisuke Hatakake

Title:    Managing Director

             Principal Financial And Accounting Officer

 

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