-----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, GYg9kU0V15ZwAnxb+R05adg68Q89qQZ9NIzGyaOwpn3wfsn4WqVgxXus7EhQC81R WUf8EWc7V0fWcMkJcxuP0w== 0001193125-05-039118.txt : 20050301 0001193125-05-039118.hdr.sgml : 20050301 20050301062433 ACCESSION NUMBER: 0001193125-05-039118 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050301 FILED AS OF DATE: 20050301 DATE AS OF CHANGE: 20050301 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: 05647881 BUSINESS ADDRESS: STREET 1: 2-47 SHIKITSUHIGASHI STREET 2: 1-CHOME NANIWA-KU OSAKA 556-8601 CITY: OSAKA, JAPAN STATE: M0 ZIP: 556-8601 BUSINESS PHONE: 81-6-6648-2111 MAIL ADDRESS: STREET 1: 2-47 SHIKITSUHIGASHI STREET 2: 1-CHOME NANIWA-KU OSAKA 556-8601 CITY: OSAKA, JAPAN STATE: M0 ZIP: 556-8601 FORMER COMPANY: FORMER CONFORMED NAME: KUBOTA CO DATE OF NAME CHANGE: 19900925 FORMER COMPANY: FORMER CONFORMED NAME: KUBOTA LTD DATE OF NAME CHANGE: 19900718 6-K 1 d6k.htm FORM 6-K Form 6-K
Table of Contents

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 February 2005

 

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 Rule12g3-2(b) : 82-            

 



Table of Contents

Information furnished on this form:

 

EXHIBITS

 

Exhibit Number

   
1. Results of operations for the nine months ended December 31, 2004 (Thursday, February 3, 2005)
2. Notice on revised forecast of year-end dividend for the year ending March 31, 2005 (Thursday, February 3, 2005)
3. Notice on purchase of treasury stock through ToSTNeT-2 (Monday, February 14, 2005)
4. Results of purchase of treasury stock through ToSTNeT-2 (Tuesday, February 15, 2005)
5. Change of management (Friday, February 25, 2005)


Table of Contents
            Contact:
           

IR Group

           

Kubota Corporation

           

2-47, Shikitsuhigashi 1-chome,

           

Naniwa-ku, Osaka 556-8601, Japan

           

Phone : +81-6-6648-2645

           

Facsimile : +81-6-6648-2632

 

FOR IMMEDIATE RELEASE (THURSDAY, FEBRUARY 3, 2005)

 

RESULTS OF OPERATIONS FOR THE NINE MONTHS ENDED

DECEMBER 31, 2004 REPORTED BY KUBOTA CORPORATION

 

OSAKA, JAPAN, February 3, 2005 — Kubota Corporation reported its consolidated results of operations for the nine months ended December 31, 2004 today.

 

Consolidated Financial Highlights

(Unaudited)

 

(1) Results of operations

 

(In millions of yen and thousands of U.S. dollars except

per American Depositary Share (“ADS”) amounts)

 

     Nine months ended
Dec. 31, 2004


   

%

(*)


   Nine months ended
Dec. 31, 2003


  

%

(*)


    Year ended
Mar. 31, 2004


Net sales

   ¥
$
663,595
[6,380,721
 
]
  7.2    ¥ 619,300    1.6     ¥ 930,237

Operating income

   ¥
$
71,767
[690,067
 
]
  360.8    ¥ 15,574    (47.6 )   ¥ 21,849

Income before income taxes, minority interests in earnings of subsidiaries, and equity in net income of affiliated companies

   ¥
$
78,736
[757,077
 
]
  294.5    ¥ 19,959    34.2     ¥ 27,097

Net income

   ¥
$
68,590
[659,519
 
]
  858.4    ¥ 7,157    99.4     ¥ 11,700

Net income per ADS (five common shares)

                                

Basic

   ¥
$
258
[2.48
 
]
       ¥ 27          ¥ 44

Diluted

   ¥
$
251
[2.41
 
]
       ¥ 26          ¥ 43

Notes 1:

  (*) represents percentage change from the corresponding previous period.

2:

  The United States dollar amounts included herein represent translations using the approximate exchange rate on December 30, 2004, of ¥104 =US$1, solely for convenience.

 

(2) Financial position

 

(In millions of yen and thousands of U.S. dollars

except per ADS amounts)

 

     Dec. 31, 2004

    Dec. 31, 2003

    Mar. 31, 2004

 

Total assets

   ¥
$
1,216,948
[11,701,423
 
]
  ¥ 1,098,131     ¥ 1,124,225  

Shareholders’ equity

   ¥
$
442,680
[4,256,538
 
]
  ¥ 374,720     ¥ 391,082  

Ratio of shareholders’ equity to total assets

     36.4 %     34.1 %     34.8 %

Shareholders’ equity per ADS

   ¥
$
1,689
[16.24
 
]
  ¥ 1,398     ¥ 1,459  

Note : The United States dollar amounts included herein represent translations using the approximate exchange rate on December 30, 2004, of ¥104 =US$1, solely for convenience.

 

-1-


Table of Contents

Kubota Corporation

and Subsidiaries

 

(3)    119 subsidiaries are consolidated, and 33 affiliated companies are accounted for under the equity method.

    

(4)    The number of newly consolidated companies during the period

   : 4                         

         The number of companies newly excluded from consolidated subsidiaries during the period

   : 4                         

         The number of newly affiliated companies during the period

   : 2                         

         The number of companies newly excluded from affiliated companies during the period

   : 5                         

(5)    Financial forecast

         

         Anticipated results of operations for the year ending March 31, 2005 ( unchanged )

         

 

(Consolidation)

  (In millions of yen)

 

     Year ending
March 31, 2005


Net sales

   ¥ 970,000

Income before income taxes, minority interests in earnings of subsidiaries, and equity in net income of affiliated companies

   ¥ 153,000

Net income

   ¥ 110,000

 

Basic net income per ADS for the year ending March 31, 2005 is anticipated to be ¥420.

 

Note :    Basic net income per ADS for the year ending March 31, 2005 was revised by the number of shares outstanding as of December 31, 2004.

 

-2-


Table of Contents

Kubota Corporation

and Subsidiaries

 

<Results of Operations>

 

During the nine months under review, net sales were ¥663.6 billion, a 7.2 % increase from the corresponding period in the prior year.

 

Domestic sales decreased 0.3 % to ¥401.4 billion from the corresponding period in the prior year. In Internal Combustion Engine and Machinery segment, sales of farm equipment increased. The reinforcement of product line-up and elaborated sales promotion resulted in this sales increase and expansion of market share. Sales of construction machinery also grew smoothly supported by the favorable demand. In Pipes, Valves, and Industrial Castings segment, sales of Pipes and Valves rose owing to the improvement in sales prices in spite of unfavorable market conditions. Sales of Industrial Castings also rose thanks to brisk capital expenditures especially in the steel and petroleum industries. On the other hand, sales in Environmental Engineering segment, sales declined because of the decrease in shipment of Waste Engineering division, and in “Other” segment, sales decreased resulting from the business transfer of the building materials operations in the prior year.

 

Overseas sales increased 21.0 % to ¥262.2 billion from the corresponding period in the prior year. While the demand for tractors in the North American market maintained growth, sales of tractors rose and introduction of new models added further growth. Additionally, sales of engines and construction machinery expanded rapidly in the U.S. and EU markets.

 

Operating income was ¥71.8 billion, 360.8 % increase from the corresponding period in the prior year. The positive factors such as sharp decline in pension cost by ¥32.8 billion, brisk overseas sales in Internal Combustion Engine and Machinery segment, and cost reduction in public works related businesses overcame the negative effects of sharp price increases in raw materials and appreciation of yen, and led to the sharp increase in operating income.

 

Income before income taxes, minority interests in earnings of subsidiaries, and equity in net income of affiliated companies was ¥78.7 billion, 294.5 % increase from the corresponding period in the prior year due to the increase in interest and dividend income as well as an increase in operating income. As a result, after income taxes, minority interests in earnings of subsidiaries and equity in net income of affiliated companies, net income was ¥68.6 billion, 858.4 % increase from the corresponding period in the prior year.

 

-3-


Table of Contents

Kubota Corporation

and Subsidiaries

 

<Financial Position>

 

(Comparison with the end in corresponding period in the prior year)

 

Total assets at the end of December 2004 amounted to ¥1,216.9 billion, an increase of ¥118.8 billion (10.8%) from the corresponding period in the prior year. Current assets increased due to the increase in short-term finance receivables and accounts receivable, while investment increased due to the increase in long-term finance receivables and market valuation of securities.

 

The balance of interest-bearing debt was ¥312.1 billion, an increase of ¥33.2 billion. This was because capital was raised mainly through borrowing from financial institutions rather than through sales of finance receivables. Shareholders’ equity increased due to the increase of net income and unrealized gains on securities.

 

(Comparison with the end in the prior year)

 

Compared with those at the end of March 2004, total assets increased ¥92.7 billion (8.2%). Notes and accounts receivable increased and inventories decreased. These fluctuations were caused by the seasonality in the due course of business of Kubota Corporation. Investment had an increase due to the increase in long-term finance receivables.

 

The balance of interest-bearing debt increased by ¥45.4 billion, however, interest-bearing debt, excluding the debt related to sales financing programs, decreased ¥20.6 billion to ¥163.3 billion. Shareholders’ equity grew by ¥51.6 billion, and the ratio of shareholders’ equity to total liabilities and shareholders’ equity was 36.4 %, 1.6 percentage points increase.

 

< Cautionary Statements with Respect to Forward – Looking Statements >

 

Projected results of operations and other future forecasts contained in this report are the estimates of the Company based on information available to the Company as of this published date. Therefore, those projections include certain potential risks and uncertainties. Accordingly, the users of this information are requested to note that the actual results could differ materially from those future projections. Major factors that could influence the ultimate outcome include the economic condition surrounding the Company, foreign exchange rates, agricultural policy in Japan, the trend of public investment and private capital expenditure in Japan, the price-competitive pressure in the market, the ability for the Company to manufacture or innovate the products which will be accepted in the market. And the user of the information should notice that factors that could influence the ultimate outcome of the Company are not limited to the factors above.

 

-4-


Table of Contents

Kubota Corporation

and Subsidiaries

 

Consolidated Statements of Income

(Unaudited)

 

(In millions of yen)

 

    

Nine months
ended

Dec. 31, 2004


   

Nine months
ended

Dec. 31, 2003


   Change

   

Year ended

Mar. 31, 2004


     Amount

    %

    Amount

    %

   Amount

    %

    Amount

    %

Net sales

   663,595     100.0     619,300     100.0    44,295     7.2     930,237     100.0

Cost of sales

   475,472     71.7     466,496     75.3    8,976     1.9     701,727     75.4

Selling, general, and administrative expenses

   122,882     18.5     137,091     22.2    (14,209 )   (10.4 )   199,768     21.5

Loss (gain) from disposal and impairment of business and fixed assets

   (6,526 )   (1.0 )   139     0.0    (6,665 )   —       6,893     0.8
    

       

      

       

   

Operating income

   71,767     10.8     15,574     2.5    56,193     360.8     21,849     2.3

Other income (expenses):

                                             

Interest and dividend income

   6,953           5,772          1,181           7,264      

Interest expense

   (3,160 )         (3,240 )        80           (4,286 )    

Foreign exchange gains (losses)

   1,859           (1,004 )        2,863           (1,534 )    

Other-net

   1,317           2,857          (1,540 )         3,804      
    

       

      

       

   

Other income, net

   6,969           4,385          2,584           5,248      

Income before income taxes, minority interests in earnings of subsidiaries, and equity in net income of affiliated companies

   78,736     11.9     19,959     3.2    58,777     294.5     27,097     2.9

Income taxes

   8,910           11,119          (2,209 )         13,701      

Minority interests in earnings of subsidiaries

   3,098           2,287          811           2,476      

Equity in net income of affiliated companies

   1,862           604          1,258           780      
    

       

      

       

   

Net income

   68,590     10.3     7,157     1.2    61,433     858.4     11,700     1.3
    

       

      

       

   
                                        (In yen)

Basic earnings per ADS (five common shares):

   258     27          44

Diluted earnings per ADS (five common shares):

   251     26          43

 

-5-


Table of Contents

Kubota Corporation

and Subsidiaries

 

Consolidated Balance Sheets

(Unaudited)

 

Assets

  (In millions of yen)

 

     Dec. 31, 2004

   Dec. 31, 2003

   Change

    Mar. 31, 2004

     Amount

   %

   Amount

   %

   Amount

    Amount

   %

Current assets:

                                   

Cash and cash equivalents

   79,055         85,029         (5,974 )   81,221     

Short-term investments

   —           —           —       3,001     

Notes and accounts receivable

   243,324         221,267         22,057     278,258     

Short-term finance receivables

   63,785         46,753         17,032     47,065     

Inventories

   175,901         176,013         (112 )   142,973     

Other current assets

   92,493         72,064         20,429     61,909     
    
       
       

 
    

Total current assets

   654,558    53.8    601,126    54.7    53,432     614,427    54.7

Investments:

   274,068    22.5    208,557    19.0    65,511     228,243    20.3

Property, plant, and equipment:

   219,225    18.0    224,798    20.5    (5,573 )   222,746    19.8

Other assets:

   69,097    5.7    63,650    5.8    5,447     58,809    5.2
    
  
  
  
  

 
  

Total

   1,216,948    100.0    1,098,131    100.0    118,817     1,124,225    100.0
    
  
  
  
  

 
  

 

Liabilities and Shareholders’ Equity

  (In millions of yen)

 

     Dec. 31, 2004

   Dec. 31, 2003

   Change

    Mar. 31, 2004

     Amount

    %

   Amount

    %

   Amount

    Amount

    %

Current liabilities:

                                      

Short-term borrowings

   125,571          108,617          16,954     85,999      

Trade notes and accounts payable

   205,473          187,521          17,952     193,706      

Other current liabilities

   98,861          95,441          3,420     99,117      

Current portion of long-term debt

   70,903          31,565          39,338     35,858      
    

      

      

 

   

Total current liabilities

   500,808     41.1    423,144     38.6    77,664     414,680     36.9

Long-term liabilities:

                                      

Long-term debt

   115,594          138,729          (23,135 )   144,845      

Accrued retirement and pension costs

   133,584          132,915          669     143,679      

Other long-term liabilities

   2,741          14,131          (11,390 )   14,293      
    

      

      

 

   

Total long-term liabilities

   251,919     20.7    285,775     26.0    (33,856 )   302,817     26.9

Minority interest:

   21,541     1.8    14,492     1.3    7,049     15,646     1.4

Shareholders’ equity:

                                      

Common stock

   78,156          78,156          —       78,156      

Additional paid-in capital

   87,263          87,263          —       87,263      

Legal reserve

   19,539          19,539          —       19,539      

Retained earnings

   240,876          199,613          41,263     204,156      

Accumulated other comprehensive income

   32,818          14,289          18,529     26,075      

Treasury stock

   (15,972 )        (24,140 )        8,168     (24,107 )    
    

      

      

 

   

Total shareholders’ equity

   442,680     36.4    374,720     34.1    67,960     391,082     34.8
    

 
  

 
  

 

 

Total

   1,216,948     100.0    1,098,131     100.0    118,817     1,124,225     100.0
    

 
  

 
  

 

 

 

-6-


Table of Contents

Kubota Corporation

and Subsidiaries

 

Consolidated Segment Information by Industry Segment

(Unaudited)

 

Nine months ended Dec. 31, 2004

  (In millions of yen)

 

     Internal
Combustion
Engine &
Machinery


   Pipes, Valves
& Industrial
Castings


    Environmental
Engineering


    Other

    Total

  

Corporate

&
Eliminations


    Consolidated

Net sales

                                      

Unaffiliated customers

   439,740    119,728     31,874     72,253     663,595    —       663,595

Intersegment

   77    5,143     139     11,857     17,216    (17,216 )   —  
    
  

 

 

 
  

 

Total

   439,817    124,871     32,013     84,110     680,811    (17,216 )   663,595
    
  

 

 

 
  

 

Cost of sales and operating expenses

   376,432    115,964     33,960     74,337     600,693    (8,865 )   591,828

Operating income (loss)

   63,385    8,907     (1,947 )   9,773     80,118    (8,351 )   71,767

Nine months ended Dec. 31, 2003

 

  (In millions of yen)
     Internal
Combustion
Engine &
Machinery


   Pipes, Valves
& Industrial
Castings


    Environmental
Engineering


    Other

    Total

  

Corporate

&
Eliminations


    Consolidated

Net sales

                                      

Unaffiliated customers

   368,522    122,301     33,804     94,673     619,300    —       619,300

Intersegment

   9    3,698     575     11,313     15,595    (15,595 )   —  
    
  

 

 

 
  

 

Total

   368,531    125,999     34,379     105,986     634,895    (15,595 )   619,300
    
  

 

 

 
  

 

Cost of sales and operating expenses

   325,563    130,748     39,720     110,660     606,691    (2,965 )   603,726

Operating income (loss)

   42,968    (4,749 )   (5,341 )   (4,674 )   28,204    (12,630 )   15,574

Year ended Mar. 31, 2004

 

  (In millions of yen)
     Internal
Combustion
Engine &
Machinery


   Pipes, Valves
& Industrial
Castings


    Environmental
Engineering


    Other

    Total

   Corporate
&
Eliminations


    Consolidated

Net sales

                                      

Unaffiliated customers

   501,551    175,178     115,721     137,787     930,237    —       930,237

Intersegment

   32    6,923     696     16,581     24,232    (24,232 )   —  
    
  

 

 

 
  

 

Total

   501,583    182,101     116,417     154,368     954,469    (24,232 )   930,237
    
  

 

 

 
  

 

Cost of sales and operating expenses

   447,559    187,783     116,286     162,180     913,808    (5,420 )   908,388

Operating income (loss)

   54,024    (5,682 )   131     (7,812 )   40,661    (18,812 )   21,849

(*) Please refer to Note 7 on page 8.

 

-7-


Table of Contents

Kubota Corporation

and Subsidiaries

 

Notes:

 

1.    The United States dollar amounts included herein represent translations using the approximate exchange rate on December 30, 2004, of ¥104 = US$1, solely for convenience.
2.    Each American Depositary Share (“ADS”) represents five common shares.
3.    119 subsidiaries are consolidated.
     Major consolidated subsidiaries:    Domestic    Kubota Construction Co., Ltd.
               Kubota Credit Co., Ltd.
               Kubota Environmental Service Co., Ltd.
          Overseas    Kubota Tractor Corporation
               Kubota Credit Corporation, U.S.A.
               Kubota Manufacturing of America Corporation
               Kubota Engine America Corporation
               Kubota Metal Corporation
               Kubota Baumaschinen GmbH
               Kubota Europe S.A.S.
4.    33 affiliated companies are accounted for under the equity method.
     Major affiliated companies :    Domestic    21 sales companies of farm equipment,
          Kubota Matsushitadenko Exterior Works, Ltd.
5.    Summary of accounting policies
     i )    The accompanying consolidated financial information has been prepared in accordance with accounting principles generally
accepted in the United States of America except for the presentation for segment information described in ii ).
     ii )    The consolidated segment information is prepared in accordance with a requirement of the Japanese Securities and
Exchange regulations. This disclosure is not consistent with SFAS No.131, “Disclosures about Segments of an Enterprise
and Related Information”.
6.    Restatement
    

Finance receivables were previously classified into notes and accounts receivable in current assets on the consolidated balance sheets. However, pursuant to “Current Assets and Current Liabilities” in Accounting Research Bulletin No.43 “Restatement and Revision of Accounting Research Bulletins”, the Company reconsidered its classification of these

receivables and restated finance receivables into two segments ; “Short-term finance receivables” in current assets and “Long-term finance receivables” in investments. The short-term portion includes finance receivables that become due within one year, and the long-term portion includes amounts that become due after one year. Due to this change, the amounts presented in the balance sheets as of March 31, 2004 and December 31, 2003 have been restated to conform to the presentation in the balance sheets as of December 31, 2004.

7.    Change in industry segment
     In December 2003, the Company transferred the building materials business to one of our affiliated companies (Kubota Matsushitadenko Exterior Works, Ltd.) (accounted for using the equity method). Accordingly, the “Building Materials & Housing” segment was considered immaterial, and was transferred to the “Other” segment.
8.    Reclassification
     The consolidated financial reports for the year ended March 31, 2004 and the nine months ended December 31, 2003 have been reclassified to conform to the presentation for the nine months ended December 31, 2004.

 

-8-


Table of Contents

Kubota Corporation

and Subsidiaries

 

Consolidated Net Sales by Product Group

(Unaudited)

 

     (In millions of yen)
     Nine months ended
Dec. 31, 2004


   Nine months ended
Dec. 31, 2003


   Change

   

Year ended

Mar. 31, 2004


     Amount

   %

   Amount

   %

   Amount

    %

    Amount

   %

Farm Equipment and Engines

   393,532    59.3    331,795    53.6    61,737     18.6     450,740    48.4

Domestic

   172,779         158,806         13,973     8.8     219,786     

Overseas

   220,753         172,989         47,764     27.6     230,954     

Construction Machinery

   46,208    7.0    36,727    5.9    9,481     25.8     50,811    5.5

Domestic

   18,010         15,090         2,920     19.4     23,192     

Overseas

   28,198         21,637         6,561     30.3     27,619     

Internal Combustion Engine & Machinery

   439,740    66.3    368,522    59.5    71,218     19.3     501,551    53.9

Domestic

   190,789    28.8    173,896    28.1    16,893     9.7     242,978    26.1

Overseas

   248,951    37.5    194,626    31.4    54,325     27.9     258,573    27.8

Pipes and Valves

   96,663    14.5    102,954    16.6    (6,291 )   (6.1 )   143,773    15.4

Domestic

   94,189         92,143         2,046     2.2     130,656     

Overseas

   2,474         10,811         (8,337 )   (77.1 )   13,117     

Industrial Castings

   23,065    3.5    19,347    3.1    3,718     19.2     31,405    3.4

Domestic

   14,808         12,236         2,572     21.0     21,844     

Overseas

   8,257         7,111         1,146     16.1     9,561     

Pipes, Valves & Industrial Castings

   119,728    18.0    122,301    19.7    (2,573 )   (2.1 )   175,178    18.8

Domestic

   108,997    16.4    104,379    16.8    4,618     4.4     152,500    16.4

Overseas

   10,731    1.6    17,922    2.9    (7,191 )   (40.1 )   22,678    2.4

Environmental Engineering

   31,874    4.8    33,804    5.5    (1,930 )   (5.7 )   115,721    12.4

Domestic

   29,996    4.5    31,144    5.0    (1,148 )   (3.7 )   112,381    12.1

Overseas

   1,878    0.3    2,660    0.5    (782 )   (29.4 )   3,340    0.3

Building Materials and Housing

   17,800    2.7    45,278    7.3    (27,478 )   (60.7 )   51,823    5.6

Domestic

   17,800         45,278         (27,478 )   (60.7 )   51,823     

Other

   54,453    8.2    49,395    8.0    5,058     10.2     85,964    9.3

Domestic

   53,798         47,844         5,954     12.4     83,664     

Overseas

   655         1,551         (896 )   (57.8 )   2,300     

Other

   72,253    10.9    94,673    15.3    (22,420 )   (23.7 )   137,787    14.9

Domestic

   71,598    10.8    93,122    15.1    (21,524 )   (23.1 )   135,487    14.6

Overseas

   655    0.1    1,551    0.2    (896 )   (57.8 )   2,300    0.3
    
  
  
  
  

 

 
  

Total

   663,595    100.0    619,300    100.0    44,295     7.2     930,237    100.0

Domestic

   401,380    60.5    402,541    65.0    (1,161 )   (0.3 )   643,346    69.2

Overseas

   262,215    39.5    216,759    35.0    45,456     21.0     286,891    30.8

 

-9-


Table of Contents

February 3, 2005

 

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 revised forecast of year-end dividend for the year ending March 31, 2005

 

Please be advised that Kubota Corporation (hereinafter “the Company”) has revised the forecast of year-end dividend per ADS (American Depositary Receipt) for the year ending March 31, 2005. This proposal will be subject to the approval at the 115th ordinary general meeting of shareholders that is to be held in June 2005.

 

1. Reasons for revision

 

The Company believes returning profit to shareholders is important mission and executes it through providing stable, sustainable cash dividends, and repurchase and retirement of its own shares.

 

In order to advance these activities, the Company decided to propose the year-end dividend per ADS would be raised from current ¥15 to ¥25, increases of ¥10, considering latest financial results of the operations.

 

Accordingly the annual dividends for the year ending March 31, 2005 will be ¥40 per ADS, including the interim dividend, ¥15.

 

2. Revised forecast of year-end dividend for the year ending March 31, 2005

 

       (Unit : ¥ per ADS)
     Interim

   Year-end

   Annual

Previous forecast

(November 8, 2004)

   ¥ 15    ¥ 15    ¥ 30
Revised forecast    ¥ 15    ¥ 25    ¥ 40

Comparable Previous Year

(Year ended March 31, 2004)

   ¥ 15    ¥ 15    ¥ 30

 

< 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, housing starts in Japan, foreign currency exchange rates, 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


Table of Contents

February 14, 2005

 

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 purchase of treasury stock through ToSTNeT-2

 

Please be advised that Kubota Corporation has reached the following decision regarding the specific method of purchase of treasury stock on-market, pursuant to Article 211-3, Paragraph 1, Item 2 of the Commercial Code.

 

1. Method of purchase

 

Buy order shall be placed on the Tokyo Stock Exchange’s ToSTNeT-2 (closing-price transaction) at 8:45 A.M. on February 15, 2005 to be executed at today’s closing price of ¥568. (No change shall be made in trading arrangements or trading times.) This buy order should be restricted to the above-mentioned trading time.

 

2. Details of purchase of shares

 

(1)   Type of shares to be purchased    Shares of common stock of Kubota Corporation     
(2)   Number of shares to be purchased    5,000,000 shares     

 

(Notes)

 

1)

 

  No change shall be made in the number of shares to be purchased. However, some or all of the shares might not be purchased due to market developments or other factors.
2)   The purchase shall be executed based on the sell order corresponding to the number of shares to be purchased.

 

3. Announcement of results of purchase

 

Results of purchase would be announced after completion of the trade at 8:45 A.M. on February 15, 2005.

 

(Reference)

 

1)    Details on purchase of treasury stock on market, resolved at the Board of Directors’ Meeting held on December 16, 2004.
     Type of shares to be purchased:    Shares of common stock of Kubota Corporation
     Number of shares to be purchased:    Not exceeding 20 million shares (1.5% of the total numbers of shares issued)
     Amount of shares to be purchased:    Not exceeding ¥12 billion
     Schedule of purchase:    From December 17, 2004 to March 22, 2005
2)    Total number of treasury stock purchased from December 17, 2004 to February 14, 2005:    944,000 shares
     Total amount of treasury stock purchased from December 17, 2004 to February 14, 2005:    ¥470,877,000
3)    Total number of shares outstanding as of February 14, 2005 excluding treasury stock:    1,310,980,978 shares
     Total number of treasury stock:    29,828,000 shares

 

< 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, housing starts in Japan, foreign currency exchange rates, 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


Table of Contents

February 15, 2005

 

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

 

Results of purchase of treasury stock through ToSTNeT-2

 

Please be advised that Kubota Corporation made the following purchase of treasury stock today as declared yesterday (February 14, 2005).

 

1.  Type of shares purchased:    Shares of common stock of Kubota Corporation
2. Number of shares purchased:    4,850,000 shares
3. Price:    ¥568 (Total amount of purchase: ¥2,754,800,000 )
4. Date of purchase:    February 15, 2005 (Tuesday)
5. Method of purchase:   

Purchased through ToSTNeT-2 of the Tokyo Stock Exchange

(closing-price transaction)

 

(Reference)

 

1)    Details on purchase of treasury stock on market, resolved at the Board of Directors’ Meeting held on December 16, 2004.
     Type of shares to be purchased:    Shares of common stock of Kubota Corporation
     Number of shares to be purchased:    Not exceeding 20 million shares (1.5% of the total numbers of shares issued)
     Amount of shares to be purchased:    Not exceeding ¥12 billion     
     Schedule of purchase:    From December 17, 2004 to March 22, 2005     
2)    Total number of treasury stock purchased from December 17, 2004 to February 15, 2005:    5,794,000 shares
     Total amount of treasury stock purchased from December 17, 2004 to February 15, 2005:    ¥3,225,677,000
3)    Total number of shares outstanding as of February 15, 2005 excluding treasury stock:    1,306,130,978 shares
     Total number of treasury stock:    34,678,000 shares

 

< 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, housing starts in Japan, foreign currency exchange rates, 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


Table of Contents

February 25, 2005

 

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 of Change of Management

 

Please be advised that the Board of Directors of Kubota Corporation (“the Company”) resolved at the Board of Directors’ Meeting held on February 25, 2005 to change some representative directors and the titles of some members of the Board of Directors, and that the Board of Directors also resolved the Company would propose to appoint and retire some members of the Board of Directors and a member of the Board of Corporate Auditors at the ordinary general meeting of shareholders to be held in June 2005. Details are as follows;

 

 

1) Changes of the representative directors

   

Name


  

New Title


  

Current Title


    Akio Nishino    Executive Vice President and Representative Director    Executive Managing Director
    Tomomi Soh    Director    Executive Vice President and Representative Director
    Mikio Kinoshita    Director    Executive Vice President and Representative Director
    Date of assuming office (scheduled)                    April 1, 2005

2) Changes of the titles

   

Name


  

New Title


  

Current Title


    Toshihiro Fukuda    Executive Managing Director    Managing Director
    Yoshiharu Nishiguchi    Managing Director    Director
    Eisaku Shinohara    Managing Director    Director
    Nobuo Izawa    Managing Director    Director
    Akira Seike    Director    Managing Director
    Tadahiko Urabe    Director    Managing Director
    Date of assuming office (scheduled)                    April 1, 2005


Table of Contents
3) Appointment of new members of the Board of Directors
    

Name


  

New Title


  

Current Title


     Hirokazu Nara    Director    General Manager, Corporate Planning & Control Department
     Masayoshi Kitaoka    Director    General Manager, Farm Machinery Division
     Tetsuji Tomita    Director    President, Kubota Tractor Corporation
     Masatoshi Kimata    Director    General Manager, Tsukuba Plant
     Date of assuming office (scheduled)                     June 2005
4) Appointment of a new member of the Board of Corporate Auditors
    

Name


  

New Title


  

Current Title


     Junichi Maeda    Corporate Auditor    General Manager, Ductile Iron Pipe Division
     Date of assuming office (scheduled)                    June 2005
5) Retirement of directors (Expiration of the term of office)
    

Name


  

Current Title


    
     Tomomi Soh    Director     
     Mikio Kinoshita    Director     
     Akira Seike    Director     
     Tadahiko Urabe    Director     
     Junichi Maeda    Director     
     Date of retirement (scheduled)                    June 2005
6) Retirement of a corporate auditor (Expiration of the term of office)
    

Name


  

Current Title


    
    

Masayoshi Fujita

   Corporate Auditor     
     Date of retirement (scheduled)                    June 2005

 

End of document


Table of Contents

 

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 1, 2005       By:  

/s/ Shigeru Kimura


        Name:   Shigeru Kimura
        Title:   General Manager
            Finance & Accounting Department
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