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 August 2006

 

Commission File Number: 1-07294

 

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.   Results of operations for the three months ended June 30, 2006 reported by Kubota Corporation (Thursday, August 3, 2006)
2.   Notice on purchase of treasury stock through ToSTNeT-2 (Tuesday, August 29, 2006)
3.   Results of purchase of treasury stock through ToSTNeT-2 (Wednesday, August 30, 2006)


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, AUGUST 3, 2006)

 

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED

JUNE 30, 2006 REPORTED BY KUBOTA CORPORATION

 

OSAKA, JAPAN, August 3, 2006 —Kubota Corporation reported its consolidated results of operations for the three months ended June 30, 2006 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)

 

    

Three months ended

Jun. 30, 2006


   

%

(*)


  

Three months ended

Jun. 30, 2005


  

%

(*)


  

Year ended

Mar. 31, 2006


Net sales

   ¥248,574
[$2,161,513
 
]
  13.2    ¥219,493    11.9    ¥1,051,040

Operating income

   ¥36,773
[$319,765
 
]
  26.3    ¥29,116    27.5    ¥113,500

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

   ¥40,162
[$349,235
 
]
  25.2

 

   ¥32,091

 

   24.4

 

   ¥140,406

 

Net income

   ¥22,425
[$195,000
 
]
  17.7    ¥19,050    36.2    ¥81,034

Net income per ADS (five common shares)

                         

Basic

   ¥86
[$0.75
 
]
       ¥73         ¥311

Diluted

   ¥86
[$0.75
 
]
       ¥72         ¥308

 

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 June 30, 2006, of ¥115 =US$1, solely for convenience.

 

(2) Financial position  

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

except per ADS amounts)

 

     Jun. 30, 2006

    Jun. 30, 2005

    Mar. 31, 2006

 

Total assets

   ¥1,402,307
[$12,193,974
 
]
  ¥1,193,030     ¥1,405,402  

Shareholders’ equity

   ¥611,353
[$5,316,113
 
]
  ¥496,762     ¥606,484  

Ratio of shareholders’ equity to total assets

   43.6 %   41.6 %   43.2 %

Shareholders’ equity per ADS

   ¥2,352
[$20.45
 
]
  ¥1,910     ¥2,334  

 

Notes. 1 :

  The United States dollar amounts included herein represent translations using the approximate exchange rate on June 30, 2006, of ¥115 =US$1, solely for convenience.

 

-1-


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(3)

   121 subsidiaries are consolidated, and 25 affiliated companies are accounted for under the equity method.     

(4)

   The number of newly consolidated companies during the period    : 1
     The number of companies newly excluded from consolidated subsidiaries during the period    : 2
     The number of newly affiliated companies during the period    : 0
     The number of companies newly excluded from affiliated companies during the period    : 0

(5)

   Financial forecast     

 

Anticipated results of operations for the six months ending September 30, 2006 and the year ending March 31, 2007 are as follows. (These are unchanged from the forecasts announced on May 12, 2006.)

 

(Consolidation)   (In millions of yen)
     Six months ending
Sep. 30, 2006


  

Year ending

Mar. 31, 2007


Net sales

   ¥ 540,000    ¥ 1,090,000

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

   ¥ 72,000    ¥ 131,500

Net income

   ¥ 42,000    ¥ 77,000

 

Basic net income per ADS for the year ending March 31, 2007 is anticipated to be ¥296.

 

-2-


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<Results of Operations>

 

During the three months under review, net sales increased ¥29.1 billion (13.2 %), to ¥248.6 billion from the corresponding period in the prior year, due to substantially growing overseas sales in Internal Combustion Engine and Machinery, while the domestic sales slightly decreased.

 

Total domestic sales decreased ¥4.4 billion (3.7 %), to ¥115.2 billion from the corresponding period in the prior year. Sales in Internal Combustion Engine and Machinery were almost same level from the corresponding period in the prior year due to sales downturn of tractor and other farm machinery. Sales in Pipes, Valves, and Industrial Castings decreased due to the decrease of shipment in Industrial Castings Division from the corresponding period in the prior year, while ductile iron pipes and plastic pipes recorded steady sales. Sales in Environmental Engineering rose due to an increase of delivered orders during the three months under review in Waste Engineering Division. Sales in “Other” segment decreased mainly due to sales decrease of a subsidiary in construction business.

 

Overseas sales increased ¥33.4 billion (33.5 %), to ¥133.4 billion from the corresponding period in the prior year. In sales of Internal Combustion Engine and Machinery, sales of tractors, other farm machinery, engines and construction machinery increased all together. As for tractors, the Company recorded steady sales in the U.S. market. In addition, sales of tractor in Asia, especially in Thailand, increased substantially. Sales of other farm machinery increased due to expanded sales of combine harvester in China. Sales of engines increased due to favorable order from major client in the U.S. and Europe. With regard to construction machinery, the Company recorded increased sales not only in European market but also in the U.S. market. In addition, sales in Pipes, Valves, and Industrial Castings, (mainly in ductile iron pipes) and in Environmental Engineering (mainly in submerged membrane system) also increased from the corresponding period in the prior year.

 

Operating income increased ¥7.7 billion (26.3 %), to ¥36.8 billion from the corresponding period in the prior year. Operating income in Internal Combustion Engine and Machinery increased due to increased sales in the U.S. and Asia, and favorable exchange rate between Yen and U.S. dollar comparing with the corresponding period in the prior year. Operating income in Pipes, Valves and Industrial Castings increased largely due to promoted cost reduction and increase of overseas sales in ductile iron pipes and industrial castings, while operating income in Environmental Engineering decreased due to sales decrease in Water & Sewage Engineering Division and profit deterioration resulting from price decline of sales orders.

 

Income before income taxes, minority interests in earnings of subsidiaries, and equity in net income of affiliated companies increased ¥8.1 billion (25.2 %), to ¥40.2 billion from the corresponding period in the prior year, due to an increase in operating income. Income taxes were ¥16.0 billion (39.8% of effective tax rate), and net amount of minority interests in earnings of subsidiaries and equity in net income of affiliated companies to deduct was ¥1.8 billion. As a result, net income increased ¥3.4 billion (17.7 %), to ¥22.4 billion from the corresponding period in the prior year.

 

<Financial Position>

 

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

 

Total assets at the end of the period under review amounted to ¥1,402.3 billion, an increase of ¥209.3 billion (17.5%) from the end of corresponding period in the prior year. As for assets, inventories and short- and long-term finance receivable increased resulted from overseas business expansion in Internal Combustion Engine and Machinery. Investments also increased largely due to an increase in unrealized gains on securities accompanied by a rise in Japanese stock price. As for liabilities, interest-bearing debt increased in connection with increases of short- and long-term finance receivables. Deferred tax liabilities in other long-term liabilities also increased related to the increase of unrealized gains on securities, while accrued retirement and pension costs in long-term liabilities decreased. Shareholders’ equity largely increased due to recorded amount of net income and increases of unrealized gains on securities in other comprehensive income.

 

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(Comparison with the end of the prior year)

 

Total assets were almost same level (a decrease of ¥3.1 billion, 0.2%) comparing with the balance sheet at the end of the prior year. As for assets, notes and accounts receivable decreased largely due to collection of substantial notes and accounts receivable from public sector related to shipments at the year-end. Investments decreased due to price decline of market securities comparing with prices at the end of the prior year. On the other hand, inventories increased. As for liabilities, accounts payable related to public sector’s order decreased, however the interest-bearing debt increased. Total shareholders’ equity increased due to recorded net income, which exceeded decreased amount of unrealized gains on securities in other comprehensive income. The ratio of shareholders’ equity to total assets improved 0.4 percentage points, to 43.6 %.

 

<Prospect for the Fiscal Year>

 

The forecasts of the anticipated results of operations for the year ending March 31, 2007, and for the six months ending September 30, 2006, which were announced on May 12, 2006, are unchanged.

 

The Company achieved substantial increase in profit for the three months under review than the corresponding period in the prior year and also achieved good progress toward anticipated results of operations for the half and full fiscal year. However, the Company does not revise its forecasts at this time because of uncertainty about business conditions, which are attributed to anticipation of appreciation of Yen and rise of raw material prices. The forecasts anticipate an exchange rate of ¥113=US$1.

 


< 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, 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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Consolidated Statements of Income

(Unaudited)

 

(In millions of yen)

 

     Three months ended
Jun. 30, 2006


   Three months ended
Jun. 30, 2005


    Change

  

Year ended

Mar. 31, 2006


     Amount

    %

   Amount

    %

    Amount

    %

   Amount

    %

Net sales

   248,574     100.0    219,493     100.0     29,081     13.2    1,051,040     100.0

Cost of sales

   171,275     68.9    153,098     69.7     18,177     11.9    747,380     71.1

Selling, general, and administrative expenses

   39,868     16.0    38,248     17.4     1,620     4.2    185,451     17.6

Gain (loss) from disposal and impairment of businesses and fixed assets

   658     0.3    (969 )   (0.4 )   1,627     —      4,709     0.5
    

      

       

      

   

Operating income

   36,773     14.8    29,116     13.3     7,657     26.3    113,500     10.8

Other income (expenses):

                                            

Interest and dividend income

   5,416          3,747           1,669          14,355      

Interest expense

   (2,617 )        (1,405 )         (1,212 )        (7,122 )    

Gain on sales of securities-net

   700          120           580          4,703      

Gain on nonmonetary exchange of securities

   —            —             —            15,901      

Foreign exchange gain-net

   (59 )        211           (270 )        (1,952 )    

Other-net

   (51 )        302           (353 )        1,021      
    

      

       

      

   

Other income, net

   3,389          2,975           414          26,906      

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

   40,162     16.2    32,091     14.6     8,071     25.2    140,406     13.4

Income taxes

   15,987          12,349           3,638          56,067      

Minority interests in earnings of subsidiaries

   1,891          1,280           611          4,938      

Equity in net income of affiliated companies

   141          588           (447 )        1,633      

Net income

   22,425     9.0    19,050     8.7     3,375     17.7    81,034     7.7
                                       (In yen)

Basic earnings per ADS (five common shares):

   86          73                      311      

Diluted earnings per ADS (five common shares):

   86          72                      308      

 

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Consolidated Balance Sheets

(Unaudited)

 

Assets    (In millions of yen)

 

     Jun. 30, 2006

   Jun. 30, 2005

   Change

    Mar. 31, 2006

     Amount

   %

   Amount

   %

   Amount

    Amount

   %

Current assets:

                                   

Cash and cash equivalents

   92,232         75,446         16,786     91,858     

Notes and accounts receivable

   266,950         265,065         1,885     310,717     

Short-term finance receivables-net

   79,255         52,281         26,974     79,116     

Inventories

   195,337         173,561         21,776     175,660     

Other current assets

   133,372         105,083         28,289     100,873     
    
       
       

 
    

Total current assets

   767,146    54.7    671,436    56.3    95,710     758,224    54.0

Investments and long-term finance receivables

   360,600    25.7    242,642    20.3    117,958     374,283    26.6

Property, plant, and equipment

   225,282    16.1    219,407    18.4    5,875     226,372    16.1

Other assets

   49,279    3.5    59,545    5.0    (10,266 )   46,523    3.3
    
  
  
  
  

 
  

Total

   1,402,307    100.0    1,193,030    100.0    209,277     1,405,402    100.0

 

Liabilities and Shareholders’ Equity    (In millions of yen)

 

     Jun. 30, 2006

   Jun. 30, 2005

   Change

    Mar. 31, 2006

     Amount

    %

   Amount

    %

   Amount

    Amount

    %

Current liabilities:

                                      

Short-term borrowings

   191,996          111,710          80,286     132,209      

Notes and accounts payable

   207,685          208,255          (570 )   220,461      

Other current liabilities

   112,116          99,313          12,803     113,748      

Current portion of long-term debt

   38,019          57,896          (19,877 )   50,020      
    

      

      

 

   

Total current liabilities

   549,816     39.2    477,174     40.0    72,642     516,438     36.7

Long-term liabilities:

                                      

Long-term debt

   116,771          127,885          (11,114 )   152,024      

Accrued retirement and pension costs

   50,929          63,317          (12,388 )   53,633      

Other long-term liabilities

   42,594          2,733          39,861     47,925      
    

      

      

 

   

Total long-term liabilities

   210,294     15.0    193,935     16.3    16,359     253,582     18.0

Minority interest

   30,844     2.2    25,159     2.1    5,685     28,898     2.1

Shareholders’ equity:

                                      

Common stock

   84,070          78,156          5,914     84,070      

Capital surplus

   93,150          87,263          5,887     93,150      

Legal reserve

   19,539          19,539          —       19,539      

Retained earnings

   337,742          281,786          55,956     323,116      

Accumulated other comprehensive income

   77,054          30,703          46,351     86,769      

Treasury stock

   (202 )        (685 )        483     (160 )    
    

 
  

 
  

 

 

Total shareholders’ equity

   611,353     43.6    496,762     41.6    114,591     606,484     43.2
    

 
  

 
  

 

 

Total

   1,402,307     100.0    1,193,030     100.0    209,277     1,405,402     100.0

 

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Table of Contents

Consolidated Segment Information by Industry Segment

(Unaudited)

 

Three months ended Jun. 30, 2006

                             (In millions of yen)
     Internal
Combustion
Engine &
Machinery


   Pipes, Valves
& Industrial
Castings


   Environmental
Engineering


    Other

   Total

   Corporate
&
Eliminations


    Consolidated

Net Sales

                                    

Unaffiliated customers

   186,388    37,199    8,897     16,090    248,574    —       248,574

Intersegment

   21    96    46     2,901    3,064    (3,064 )   —  
    
  
  

 
  
  

 

Total

   186,409    37,295    8,943     18,991    251,638    (3,064 )   248,574

Cost of sales and operating expenses

   150,798    33,464    9,934     17,940    212,136    (335 )   211,801

Operating income (loss)

   35,611    3,831    (991 )   1,051    39,502    (2,729 )   36,773
Three months ended Jun. 30, 2005                              (In millions of yen)
     Internal
Combustion
Engine &
Machinery


   Pipes, Valves
& Industrial
Castings


   Environmental
Engineering


    Other

   Total

   Corporate
&
Eliminations


    Consolidated

Net Sales

                                    

Unaffiliated customers

   156,977    36,170    7,329     19,017    219,493    —       219,493

Intersegment

   17    127    11     3,449    3,604    (3,604 )   —  
    
  
  

 
  
  

 

Total

   156,994    36,297    7,340     22,466    223,097    (3,604 )   219,493

Cost of sales and operating expenses

   129,411    34,999    7,465     21,559    193,434    (3,057 )   190,377

Operating income (loss)

   27,583    1,298    (125 )   907    29,663    (547 )   29,116

Year ended Mar. 31, 2006

                             (In millions of yen)
     Internal
Combustion
Engine &
Machinery


   Pipes, Valves
& Industrial
Castings


   Environmental
Engineering


    Other

   Total

   Corporate
&
Eliminations


    Consolidated

Net sales

                                    

Unaffiliated customers

   658,776    189,708    110,479     92,077    1,051,040    —       1,051,040

Intersegment

   40    2,184    209     15,176    17,609    (17,609 )   —  
    
  
  

 
  
  

 

Total

   658,816    191,892    110,688     107,253    1,068,649    (17,609 )   1,051,040

Cost of sales and operating expenses

   555,687    172,637    106,475     105,073    939,872    (2,332 )   937,540

Operating income

   103,129    19,255    4,213     2,180    128,777    (15,277 )   113,500

 

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Table of Contents

Notes:

 

1. The United States dollar amounts included herein represent translations using the approximate exchange rate on June 30, 2006, of ¥115 = US$1, solely for convenience.

 

2. Each American Depositary Share (“ADS”) represents five common shares.

 

3. 121 subsidiaries are consolidated.

 

Major consolidated subsidiaries:

   Domestic    Kubota-C.I. Co., Ltd.
         

Kubota Construction Co., Ltd.

Kubota Credit Co., Ltd.

         

Kubota Environmental Service Co., Ltd.

Kubota Maison 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.      25 affiliated companies are accounted for under the equity method.

Major affiliated companies :

   Domestic    17 sales companies of farm equipment,
          Kubota Matsushitadenko Exterior Works, Ltd.
5. Summary of accounting policies

 

  1) 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 2).

 

  2) 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. Reclassification

 

The consolidated financial reports for the year ended March 31, 2006 and the three months ended June 30, 2005 have been reclassified to conform to the presentation for the three months ended June 30, 2006.

 

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Table of Contents

Consolidated Net Sales by Industry Segment

(Unaudited)

 

(In millions of yen)

 

    

Three months ended

Jun. 30, 2006


  

Three months ended

Jun. 30, 2005


   Change

   

Year ended

Mar. 31, 2006


     Amount

   %

   Amount

   %

   Amount

    %

    Amount

   %

Farm Equipment and Engines

   161,948    65.2    139,810    63.7    22,138     15.8     578,164    55.0

Domestic

   55,748         56,532         (784 )   (1.4 )   240,722     

Overseas

   106,200         83,278         22,922     27.5     337,442     

Construction Machinery

   24,440    9.8    17,167    7.8    7,273     42.4     80,612    7.7

Domestic

   5,527         5,428         99     1.8     26,559     

Overseas

   18,913         11,739         7,174     61.1     54,053     
    
  
  
  
  

 

 
  

Internal Combustion Engine & Machinery

   186,388    75.0    156,977    71.5    29,411     18.7     658,776    62.7

Domestic

   61,275    24.7    61,960    28.2    (685 )   (1.1 )   267,281    25.4

Overseas

   125,113    50.3    95,017    43.3    30,096     31.7     391,495    37.3
    
  
  
  
  

 

 
  

Pipes and Valves

   27,797    11.2    25,672    11.7    2,125     8.3     150,559    14.3

Domestic

   24,673         24,471         202     0.8     142,071     

Overseas

   3,124         1,201         1,923     160.1     8,488     

Industrial Castings

   9,402    3.7    10,498    4.8    (1,096 )   (10.4 )   39,149    3.7

Domestic

   5,135         7,200         (2,065 )   (28.7 )   25,115     

Overseas

   4,267         3,298         969     29.4     14,034     
    
  
  
  
  

 

 
  

Pipes, Valves & Industrial Castings

   37,199    14.9    36,170    16.5    1,029     2.8     189,708    18.0

Domestic

   29,808    11.9    31,671    14.4    (1,863 )   (5.9 )   167,186    15.9

Overseas

   7,391    3.0    4,499    2.1    2,892     64.3     22,522    2.1
    
  
  
  
  

 

 
  

Environmental Engineering

   8,897    3.6    7,329    3.3    1,568     21.4     110,479    10.5

Domestic

   8,042    3.2    6,964    3.2    1,078     15.5     105,505    10.0

Overseas

   855    0.4    365    0.1    490     134.2     4,974    0.5
    
  
  
  
  

 

 
  

Building Materials & Housing

   2,137    0.9    2,673    1.2    (536 )   (20.1 )   13,512    1.3

Domestic

   2,137         2,673         (536 )   (20.1 )   13,512     

Other

   13,953    5.6    16,344    7.5    (2,391 )   (14.6 )   78,565    7.5

Domestic

   13,897         16,258         (2,361 )   (14.5 )   77,327     

Overseas

   56         86         (30 )   (34.9 )   1,238     
    
  
  
  
  

 

 
  

Other

   16,090    6.5    19,017    8.7    (2,927 )   (15.4 )   92,077    8.8

Domestic

   16,034    6.5    18,931    8.7    (2,897 )   (15.3 )   90,839    8.7

Overseas

   56    0.0    86    0.0    (30 )   (34.9 )   1,238    0.1
    
  
  
  
  

 

 
  

Total

   248,574    100.0    219,493    100.0    29,081     13.2     1,051,040    100.0

Domestic

   115,159    46.3    119,526    54.5    (4,367 )   (3.7 )   630,811    60.0

Overseas

   133,415    53.7    99,967    45.5    33,448     33.5     420,229    40.0

 

-9-


Table of Contents

August 29, 2006

 

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 165, Paragraph 2 of the Corporate Law.

 

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 August 30, 2006 to be executed at today’s closing price of ¥930. (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:    4,750,000 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 August 30, 2006.

 

(Reference)

 

1)    Details of the resolution at the Board of Directors’ Meeting held on June 23, 2006.
     Type of shares to be purchased:    Shares of common stock of Kubota Corporation
     Number of shares to be purchased:    Not exceeding 10 million shares (0.8% of the total numbers of shares issued)
     Amount of shares to be purchased:    Not exceeding ¥11 billion
     Term of validity:    From June 26, 2006 to September 19, 2006

 


< 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, 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

August 30, 2006

 

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 (August 29, 2006).

 

1. Type of shares purchased:    Shares of common stock of Kubota Corporation
2. Number of shares purchased:    4,700,000 shares
3. Price:    ¥930 (Total amount of purchase: ¥4,371,000,000)
4. Date of purchase:    August 30, 2006 (Wednesday)
5. Method of purchase:    Purchase on the market at ToSTNeT-2 of the Tokyo Stock Exchange (closing-price transaction)

 

(Reference)

 

1)    Details of resolution at the Board of Directors’ Meeting held on June 23, 2006.
     Type of shares to be purchased:    Shares of common stock of Kubota Corporation
     Number of shares to be purchased:    Not exceeding 10 million shares (0.8% of the total numbers of shares issued)
     Amount of shares to be purchased:    Not exceeding ¥11 billion
     Term of validity:    From June 26, 2006 to September 19, 2006

 

2)

   Total number of treasury stock and total amount of treasury stock purchased under the resolution made at the Board of Directors’ Meeting held on June 23, 2006.
     Total number of treasury stock purchased    4,700,000 shares
     Total amount of treasury stock purchased    ¥4,371,000,000

 

3)

   The number of treasury stock purchased pursuant to the resolutions of the Board of Directors’ Meetings and held as of June 23, 2006.
     Total number of shares issued except treasury stock:    1,295,169,180 shares
     The number of treasury stock:    4,700,000 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, 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

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: September 1, 2006   By:  

/s/    SHIGERU KIMURA


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