Kubota's Q3 revenue dips amidst challenging markets, forecasts unchanged

Kubota Corporation's consolidated revenue for the nine months ended September 30, 2025, decreased by JPY73.6 billion (3.2%) to JPY2,204.3 billion compared to the prior year. Operating profit also fell by JPY60.7 billion (22.0%) to JPY214.7 billion, primarily due to reduced sales in Farm & Industrial Machinery and a deteriorating sales mix, despite cost management efforts. Domestic revenue, however, increased by JPY44.6 billion (9.8%) to JPY501.9 billion, largely due to growth in Farm & Industrial Machinery and Water & Environment segments.

Overseas revenue saw a decline of JPY118.3 billion (6.5%) to JPY1,702.4 billion, mainly attributed to decreased sales in the Farm & Industrial Machinery segment. Despite these challenges, the company's full-year financial forecasts for 2025 remain unchanged from the August 5, 2025, announcement, with an expected revenue of JPY2,880,000 million and operating profit of JPY220,000 million.

The company's asset base as of September 30, 2025, stood at JPY5,831.7 billion, a decrease of JPY186.9 billion from the prior fiscal year-end, predominantly due to a decrease in cash and cash equivalents as debt repayments progressed. Net cash provided by operating activities increased by JPY60.1 billion to JPY210.7 billion, driven by reduced working capital and controlled finance receivables.