Kubota's Q1 2025 profits decline amidst sales downturn

Kubota Corporation (TSE:6326) reported a significant decrease in profits for the three months ended March 31, 2025, with profits attributable to owners of the parent company falling 43.3% to JPY41.35B from JPY72.92B in the same period last year. Overall revenue declined by 8.1% to JPY712.56B. Operating profit also saw a steep decline of 40.2% to JPY61.62B.