Kubota Corporation: Comprehensive Company Profile

Quick Facts / Company Snapshot

• Company Name: Kubota Corporation
• Founded: 1890
• Headquarters: 2-47, Shikitsuhigashi 1-chome, Naniwa-ku, Osaka, Japan
• President and Representative Director: Yuichi Kitao
• Total Consolidated Revenue: 3,016.3 billion yen
• Operating Profit: 315.6 billion yen
• Operating Margin: 10.5%
• Overseas Revenue Ratio: 79.0%
• Total Assets: Information regarding total assets ratio is 41.2% (equity attributable to owners of parent to total assets)
• Consolidated Employees: 52,094
• Global Network: Business footprint in over 120 countries
• Group Companies: 214 consolidated companies (155 overseas)
• Stock Exchange Listing: Tokyo Stock Exchange
• R&D Expenses: 111.9 billion yen
• Capital Expenditure: 215.4 billion yen
• Patents Held: 12,174

Company Overview

Kubota Corporation is a global leader committed to resolving social and environmental issues centered on the critical fields of food, water, and the living environment. Established in 1890 by Gonshiro Kubota, the company began as a metal casting business and has since evolved into a diversified multinational corporation. The company’s foundational philosophy is rooted in the “Kubota Global Identity,” which pledges to support the prosperous life of humans while protecting the environment of the Earth.

The company operates under the long-term vision known as “GMB2030” (Global Major Brand 2030). This vision positions Kubota as an “Essentials Innovator for Supporting Life,” dedicated to realizing a carbon-neutral and resilient society. The operational focus is deeply embedded in the concept of the “Kubota Global Loop,” which emphasizes the relations among food, water, and the environment. Kubota views these not as separate themes, but as an interconnected ecosystem where population growth, environmental changes, and water resources are inextricably linked.

Kubota’s mission is to provide products, technologies, and services that contribute to the abundant and stable production of food, the reliable supply and restoration of water, and the creation of a comfortable living environment. The company is currently undergoing significant management structure reforms to allow its major business segments to operate more independently and agilely, ensuring they can respond swiftly to market changes and technological advancements.

Business Segments

1. Farm & Industrial Machinery

Revenue: 2,636.9 billion yen Percentage of Total Revenue: 87.4%

The Farm & Industrial Machinery segment is the largest and most dominant business arm of Kubota Corporation. It focuses on providing comprehensive solutions for agriculture and infrastructure construction. This segment is dedicated to making agriculture more efficient to ensure an abundant and stable food supply while also supporting urban development through construction machinery.

Operational Scope: This segment encompasses the research, development, manufacturing, and sale of a vast array of machinery. It operates globally, with significant market presence in North America, Asia, and Europe. The business is currently transitioning away from a Japan-focused structure to a more agile, regionally optimized management system. This involves transferring corporate functions to the Farm and Industrial Machinery Consolidated Division to accelerate decision-making and improve development efficiency.

The segment is actively pursuing “smart agriculture” initiatives, integrating AI, IoT, and automated technologies to address global labor shortages and aging farming populations. It is also expanding its footprint in the construction sector, particularly in North America, where it has seen steady market share growth.

2. Water & Environment

Revenue: 362.6 billion yen Percentage of Total Revenue: 12.0%

The Water & Environment segment represents Kubota’s historical roots and its enduring commitment to social infrastructure. This business is focused on developing water infrastructure that ensures a reliable supply of safe water and the restoration of water resources. It also encompasses waste management and environmental solutions that contribute to comfortable living environments.

Operational Scope: Operations in this segment are shifting from a traditional equipment sales model to a solutions-oriented provider model. This involves offering Operation and Maintenance (O&M) services and utilizing IoT for remote monitoring and diagnosis of infrastructure. In January 2025, this business was launched as the “Water & Environment Infrastructure Consolidated Company,” an in-house company structure designed to enable independent operation and agile decision-making.

The segment addresses critical issues such as aging water pipelines in developed countries and the need for new infrastructure in developing regions. It provides total solutions that span from the intake of water to wastewater treatment and resource recycling.

3. Others

Revenue: 16.8 billion yen Percentage of Total Revenue: 0.6%

The “Others” segment comprises various other business activities that do not fall strictly under the two primary domains. While it constitutes a small fraction of the total revenue, it includes services and products that support the broader Kubota Group ecosystem and specific niche markets.

History and Evolution

Founding and Early Years (1890–1950): Kubota was founded in 1890 by Gonshiro Kubota at the age of 19. He started a metal casting business in Osaka, Japan. The early years were defined by the production of cast iron pipes for water supply, addressing the spread of infectious diseases and the need for modern water infrastructure. In 1922, the company began manufacturing oil-based engines for agro-industrial purposes, marking its entry into the machinery sector.

Post-War Expansion (1951–1972): Following World War II, Kubota played a crucial role in Japan’s reconstruction. In 1947, the company developed the cultivator, followed by the development of the tractor in 1960. This period also saw the company begin manufacturing pumps and centrifugal casting pipes. In 1960, Kubota received the Deming Prize for quality control. 1972 marked a pivotal moment with the company’s full-scale entry into the US market, establishing a subsidiary in California.

Globalization and Diversification (1973–2009): The late 20th century was an era of rapid globalization for Kubota. In 1974, it introduced compact construction machinery. The company expanded its manufacturing footprint, establishing facilities in Germany in 1989 and China in 1998. In 2009, Kubota established its first Japanese-owned tractor production plant in Thailand, solidifying its presence in the ASEAN region. During this time, the company also advanced its environmental technologies, entering the submerged membrane unit business for wastewater treatment.

Recent Developments (2010–Present): The modern era has been characterized by strategic acquisitions and a focus on sustainability. In 2012, Kubota acquired Kverneland AS to strengthen its implement business in Europe. In 2016, it acquired Great Plains Manufacturing, Inc. in the US. A major milestone occurred in 2022 when Kubota made the Indian tractor manufacturer Escorts Ltd. (now Escorts Kubota Ltd.) a consolidated subsidiary, securing a strong foothold in the world’s largest tractor market. In recent years, the company has formulated its Long-Term Vision “GMB2030” and is actively pursuing carbon neutrality and digital transformation (DX) across all business lines.

Products and Services

1. Agricultural Machinery and Solutions

Revenue Inclusion: Part of Farm & Industrial Machinery (2,636.9 billion yen total segment revenue)

• Tractors: Kubota offers a wide range of tractors, from compact models for small farms to large-scale high-horsepower machines for extensive agricultural operations. This includes the “M7” series and new entry-premium models launched in India.
• Combine Harvesters: The company manufactures combine harvesters designed for various crops, including rice and wheat. Notable products include the unmanned, automated Agri Robot Combine Harvester DRH1200A.
• Rice Transplanters: Kubota provides advanced rice transplanters that improve efficiency in paddy farming.
• Implements: Through acquisitions like Kverneland and Great Plains, Kubota offers a full suite of implements for plowing, seeding, and fertilizing.
• Smart Agriculture Solutions: This includes the Kubota Smart Agri System (KSAS), a cloud-based farming management support service, and automated machinery utilizing GPS and AI.

2. Construction Machinery

Revenue Inclusion: Part of Farm & Industrial Machinery

• Compact Track Loaders (CTLs): Kubota manufactures CTLs, particularly for the North American market. The company is currently expanding its lineup to include larger models and recently won the CES Innovation Award for its all-terrain vehicle “KATR”.
• Mini Excavators: Kubota is a global leader in mini excavators, used extensively in urban construction and landscaping.
• Skid Steer Loaders: These versatile machines are a core part of the construction product portfolio.

3. Engines

Revenue Inclusion: Part of Farm & Industrial Machinery

• Industrial Engines: Kubota manufactures a wide variety of industrial engines used in its own machinery and sold to other OEMs (Original Equipment Manufacturers).
• Decarbonized Power Sources: The company is actively developing hydrogen engines and hybrid systems to meet future environmental regulations.

4. Water Infrastructure Products

Revenue Inclusion: Part of Water & Environment (362.6 billion yen total segment revenue)

• Ductile Iron Pipes: Kubota is a premier manufacturer of ductile iron pipes used for water supply and sewage systems. This includes earthquake-resistant pipes that enhance infrastructure resilience.
• Valves: A range of valves for controlling water flow in municipal and industrial systems.
• Pumps: Large-scale pumps for drainage and water supply stations.

5. Environmental Solutions

Revenue Inclusion: Part of Water & Environment

• Water Treatment Facilities: Kubota designs and constructs water and sewage treatment plants.
• Johkasou (Septic Tanks): Decentralized wastewater treatment systems for areas without sewer access.
• Submerged Membranes: Advanced filtration technologies for wastewater recycling.
• Resource Recycling Solutions: Facilities for melting and recycling waste and recovering valuable metals (“urban mining”).

Brand Portfolio

1. Kubota

Primary Revenue Source: Global The core brand under which the majority of the company’s products are sold. It represents reliability, durability, and high quality across tractors, construction machinery, and engines. The “Kubota” brand is central to the “One Kubota” corporate philosophy.

2. Escorts (Escorts Kubota)

Primary Revenue Source: India Following the acquisition of Escorts Ltd., Kubota utilizes this brand to penetrate the Indian market, specifically targeting the basic machinery segment. The “Powertrac” and “Farmtrac” series are key product lines under this umbrella, with new collaborative models being introduced.

3. Kverneland

Primary Revenue Source: Europe Acquired in 2012, Kverneland is a leading brand for agricultural implements. It strengthens Kubota’s position in the European upland farming market, offering plows, seeders, and crop care equipment.

4. Great Plains

Primary Revenue Source: North America Acquired in 2016, Great Plains Manufacturing produces seeding and planting equipment. This brand allows Kubota to offer a full lineup of tractor-implement solutions in the large-scale North American farming sector.

Geographical Presence

1. North America

Revenue: 1,272.5 billion yen Percentage of Total Revenue: 42.2% North America is Kubota’s largest market. The region is a primary hub for the sales of tractors, construction machinery (especially Compact Track Loaders), and engines. The company operates manufacturing facilities and a regional headquarters here. Recent strategic moves include increasing the market share of construction machinery and the introduction of new CTL models.

2. Asia

Revenue: 680.5 billion yen Percentage of Total Revenue: 22.6% Asia represents a critical growth driver, particularly in Thailand and India. In Thailand, Kubota has a long-established tractor production plant. In India, the company is aggressively expanding through Escorts Kubota Ltd., targeting the massive domestic tractor market and using India as an export hub for basic machinery to Europe and other emerging markets.

3. Japan

Revenue: 632.5 billion yen Percentage of Total Revenue: 21.0% Japan remains the home base and R&D hub for Kubota. While it is a mature market, it is central to the Water & Environment business, where Kubota supports national infrastructure resilience. The country hosts 13 production sites and the Kubota Global Institute of Technology (KGIT).

4. Europe

Revenue: 334.1 billion yen Percentage of Total Revenue: 11.1% Europe is a key market for high-performance upland farming machinery and construction equipment. Kubota has manufacturing presence in countries like Germany and France. The region has faced demand fluctuations, but remains vital for the company’s strategy to become a full-line manufacturer in agriculture.

5. The Rest of the World

Revenue: 96.7 billion yen Percentage of Total Revenue: 3.2% This region includes markets in Australia, Africa, and Latin America. It represents a frontier for future growth, particularly for basic agricultural machinery exported from hubs like India.

Financial Performance Analysis

Consolidated Performance: Kubota Corporation reported a consolidated revenue of 3,016.3 billion yen for the fiscal year ended December 31, 2024. While revenue remains robust, exceeding the 3 trillion yen mark, there was a noted decrease relative to the preceding fiscal year results. The company has navigated a complex macroeconomic environment characterized by inflation and fluctuating demand.

Multi-Year Trend Analysis: Over the last five years, Kubota has generally seen an upward trajectory in revenue, driven by overseas expansion and the acquisition of growth drivers like Escorts. Revenue grew significantly from 1,920.0 billion yen in 2019 to the current 3,016.3 billion yen. However, profit growth has faced headwinds recently due to rising costs and market adjustments in Europe and North America.

Profit and Loss Analysis

• Revenue: 3,016.3 billion yen. This figure reflects the scale of Kubota’s global operations, with nearly 80% derived from overseas markets.
• Operating Profit: 315.6 billion yen.
• Operating Margin: 10.5%. While healthy, this margin is below the company’s medium-term target of 12%. The decrease is attributed to an imbalance between production systems and actual demand, as well as inflation-driven cost increases.
• Return on Equity (ROE): 9.9%. This is slightly below the target of maintaining over 10% (and aiming for 11% by 2025).
• Profit Attributable to Owners of Parent: While the explicit net profit number is not isolated in the summary text, the ROE of 9.9% on an equity base indicates substantial profitability, though impacted by the factors reducing operating income.

Balance Sheet Analysis

• Assets: The company maintains a robust asset base required to support its global manufacturing and financing operations.
• Equity: The ratio of equity attributable to owners of the parent to total assets is 41.2%. This indicates a strong financial position with a healthy buffer against financial distress.
• Debt: The net debt equity ratio is 0.80 times. This suggests a balanced approach to leverage, utilizing debt to fund growth (such as sales financing and acquisitions) while maintaining solvency.
• Liquidity: The company’s financial structure is a hybrid of manufacturing and retail financing. The manufacturing side is virtually debt-free, while the financing side is self-sufficient, indicating high liquidity and financial soundness.

Cash Flow Analysis

• Operating Cash Flow: 282.1 billion yen. The company generated substantial cash from its core operations.
• Investing Cash Flow: The company continues to invest heavily, with a cumulative capital expenditure plan of 600.0 billion yen under the Mid-Term Business Plan 2025.
• Free Cash Flow: 73.2 billion yen. Free cash flow returned to positive territory after previous years of negative flow due to special factors like the Escorts acquisition and changes in payment terms. This improvement was aided by inventory reductions.
• Mid-Term Targets: The company aims for a cumulative operating cash flow of 880.0 billion yen over a 5-year period.

Board of Directors and Leadership Team

Directors

• Yuichi Kitao: President and Representative Director. Has been in office for over 10 years. Chairs the Board of Directors and is a member of the Nomination Advisory Committee.
• Shingo Hanada: Representative Director and Executive Vice President. General Manager of Farm and Industrial Machinery Consolidated Division and Innovation Center.
• Hiroto Kimura: Director and Senior Managing Executive Officer. Leads Research and Development and the Kubota Global Institute of Technology.
• Masato Yoshikawa: Director. Assigned to President’s Special Missions.
• Dai Watanabe: Director. Assigned to President’s Special Missions.
• Eiji Yoshioka: Director. Assigned to President’s Special Missions.

Outside Directors

• Yutaro Shintaku: Independent Outside Director. Chairs the Nomination and Compensation Advisory Committees.
• Kumi Arakane: Independent Outside Director. Brings experience from diverse corporate backgrounds.
• Koichi Kawana: Independent Outside Director. Provides expertise in international business and risk management.
• Yuri Furusawa: Independent Outside Director.
• Yoshinori Yamashita: Independent Outside Director.

Leadership Roles

The leadership team operates under a governance structure that includes a voluntary Nomination Advisory Committee and Compensation Advisory Committee, both chaired by Outside Director Yutaro Shintaku. The focus is on separating execution from supervision to enhance transparency and agility.

Subsidiaries, Associates, Joint Ventures

Kubota has a vast network of 214 group companies.

Key Subsidiaries:

• Kubota Tractor Corporation (USA): A central entity for sales and marketing in North America.
• Escorts Kubota Limited (India): A critical manufacturing and sales subsidiary for the Indian market and global basic machinery exports.
• Kverneland AS (Norway): A key subsidiary for the agricultural implement business in Europe.
• Great Plains Manufacturing, Inc. (USA): A major subsidiary for seeding and planting equipment in North America.
• Siam Kubota Corporation Co., Ltd. (Thailand): A pivotal hub for the ASEAN market.
• Kubota Holdings Europe B.V. (Netherlands): The regional headquarters for European operations.

Ownership Structure: While specific ownership percentages for every entity are not listed in the summary, key subsidiaries like Escorts Kubota Ltd. are consolidated, indicating majority control or significant influence sufficient for consolidation.

Physical Properties

Overview: Kubota operates a global network of production and office facilities to support its localized manufacturing strategy.

• Production Sites: 13 in Japan, 21 overseas.
• R&D Sites: 6 global sites including Japan, North America, Europe, Thailand, China, and India.

Key Facilities:

• Head Office: Osaka, Japan.
• Tokyo Head Office: Tokyo, Japan.
• Sakai Plant (Japan): A major production center for engines, tractors, and construction machinery.
• Hanshin Plant (Japan): Specializes in the production of ductile iron pipes. Notably, this plant is transitioning to electric furnaces to reduce CO2 emissions.
• Tsukuba Plant (Japan): A manufacturing site that also utilizes renewable energy from agrivoltaics.
• Kubota Global Institute of Technology (KGIT): The primary R&D center in Japan, opened in 2022.
• Kubota Technical Training Center: Dedicated to technical education and training.

Segment-wise Performance

Farm & Industrial Machinery

Performance: Revenue of 2,636.9 billion yen. YoY Movement: Growth in this segment has slowed slightly due to demand fluctuations in Europe and North America. However, the construction machinery business in North America has seen increased market share. The segment is focusing on expanding the “growth drivers” such as the Compact Track Loaders (CTLs) and the Indian tractor business.

Water & Environment

Performance: Revenue of 362.6 billion yen. YoY Movement: This segment is seeing an increase in orders for Operation and Maintenance (O&M) solutions. Profitability is improving due to portfolio restructuring, including the withdrawal from low-margin businesses like specific cast steel products and bathtub manufacturing.

Founders

Gonshiro Kubota (1870-1959): Gonshiro Kubota founded the company in 1890 at the age of 19. He established a metal casting business in Osaka with a spirit of “For the prosperity of society, we need to put all our efforts into creation.” He was a pioneer who believed that products should not only be technically excellent but also useful for the good of society. His founding spirit continues to guide the company today, emphasizing that product value is defined by its contribution to solving social problems.

Shareholding Pattern

Promoters and Principal Shareholders:

• The Master Trust Bank of Japan, Ltd. (Trust Account): 15.56%
• Custody Bank of Japan, Ltd. (Trust Account): 5.86%
• Nippon Life Insurance Company: 5.43%
• Meiji Yasuda Life Insurance Company: 5.21%
• Sumitomo Mitsui Banking Corporation: 2.52%

Categorized Distribution:

• Foreign Holders: 37.32%
• Japanese Financial Institutions: 46.24%
• Individuals and Others: 9.87%
• Other Japanese Companies: 3.46%
• Japanese Securities Companies: 3.11%

Parent

Kubota Corporation is the parent company of the Kubota Group. It is a publicly traded entity on the Tokyo Stock Exchange and does not have a parent company.

Investments and Capital Expenditure Plans

Capital Expenditure (Capex):

• Amount: 215.4 billion yen.
• Plan: The Mid-Term Business Plan 2025 includes a planned total of 600.0 billion yen in capital expenditures.
• Priorities: Investments are focused on establishing infrastructure to support sustainable growth, such as increasing production capacity for construction machinery in North America and tractors in India.

Research and Development (R&D):

• Amount: 111.9 billion yen.
• Plan: A total of 500.0 billion yen is allocated for R&D in the Mid-Term Business Plan 2025.
• Priorities: Innovation in smart agriculture, development of automated and unmanned machinery, and decarbonization technologies like hydrogen engines and electric tractors.

Future Strategy

Management Structure Reform: A central pillar of the future strategy is the separation of the Farm & Industrial Machinery business and the Water & Environment business into independent operating units. This is intended to allow for more agile, region-specific decision-making. The Water & Environment business was launched as an in-house company in January 2025.

Expansion Initiatives:

• North America: Expand the construction machinery business, specifically targeting the Compact Track Loader (CTL) market. Development of larger CTLs is underway for introduction in 2026.
• India: Capture the domestic market with “basic function tractors” and use India as an export base for these machines to Europe and emerging markets. Full-scale entry into the entry-premium market is planned.
• Aftermarket: Expand the aftermarket business by leveraging the large installed base of operating machinery globally.

Technological Innovation:

• Smart Agriculture: Advance the development of autonomous agricultural machinery and the “Kubota Smart Agri System” (KSAS).
• Carbon Neutrality: Reduce CO2 emissions by 50% by 2030 (Scope 1 and 2) and achieve carbon neutrality by 2050. This involves developing electric, hybrid, and hydrogen-powered machinery.

Competitive Landscape

While the provided report does not list specific competitor names in a comparative table, the competitive landscape is implied through Kubota’s strategic focus areas.

• Global Construction Machinery: Kubota competes in the Compact Track Loader and mini excavator segments, particularly in North America.
• Agricultural Machinery: In India, the company competes in the world’s largest tractor market through its subsidiary Escorts Kubota. In Europe and North America, it competes in both the upland farming and utility tractor segments.
• Water Infrastructure: Kubota competes as a major provider of ductile iron pipes and water solutions, primarily in Japan and Asia.

Key Strengths

• Global Brand Power: Ranked 36th in “Interbrand Best Japan Brands 2025” with a brand value of 1,530 million USD.
• Diverse Business Portfolio: A unique ability to provide solutions across the interconnected fields of food, water, and the environment.
• Strong Financial Base: A net debt equity ratio of 0.80 and a strong equity ratio of 41.2% provide stability.
• Technological Leadership: A portfolio of 12,174 patents and a dedicated Global Institute of Technology driving innovation in smart farming and decarbonization.
• Global Network: A robust manufacturing and sales footprint in over 120 countries, allowing for localized production and service.

Key Challenges and Risks

Market Risks:

• Demand Fluctuations: The company faces declining demand in key markets like Europe due to economic headwinds.
• Inflation: Rising raw material costs and fixed expenses are pressuring profit margins.
• Foreign Exchange: While currently benefiting from a weak yen, the company is exposed to currency fluctuation risks given its high overseas revenue ratio (79%).

Operational Risks:

• Aging Infrastructure: The aging of water pipelines in Japan and other developed nations presents both a business opportunity and a societal challenge that requires urgent technological solutions.
• Supply Chain: Global supply chain disruptions remain a potential risk for manufacturing operations.

Environmental and Regulatory Risks:

• Carbon Neutrality: The transition to a low-carbon economy requires significant R&D investment in new power sources (hydrogen, electric) to meet tightening emissions regulations.
• Labor Shortages: The agricultural sector faces a global decline in workers, necessitating the rapid development of automated solutions.

Conclusion and Strategic Outlook

Kubota Corporation stands at a pivotal moment in its long history. With revenue exceeding 3 trillion yen and a diverse portfolio spanning agriculture, construction, and water infrastructure, the company is a true “Global Major Brand.” The strategic shift toward autonomous operation of its two main business segments—Farm & Industrial Machinery and Water & Environment—signals a commitment to agility and market responsiveness.

Looking ahead to 2030 and beyond, Kubota is deeply committed to its role as an “Essentials Innovator for Supporting Life.” By integrating advanced technologies like AI and IoT into its machinery and infrastructure solutions, Kubota aims to solve critical global issues: food scarcity, water shortages, and environmental degradation. The company’s aggressive investment in R&D, particularly in decarbonization and smart agriculture, positions it well to navigate the challenges of a changing world. Despite short-term headwinds from inflation and market fluctuations, Kubota’s robust financial health and clear strategic vision provide a strong foundation for sustainable future growth.

Official Site: https://www.kubota.com/

FAQ Section:

1. What is Kubota Corporation’s total revenue? Kubota Corporation’s total consolidated revenue for the fiscal year ended December 31, 2024, is 3,016.3 billion yen.
2. What are Kubota’s main business segments? Kubota operates primarily in two main segments: Farm & Industrial Machinery, which accounts for 87.4% of revenue, and Water & Environment, which accounts for 12.0% of revenue.
3. Who is the President of Kubota Corporation? The President and Representative Director of Kubota Corporation is Yuichi Kitao.
4. What is the GMB2030 vision? GMB2030 stands for “Global Major Brand 2030,” Kubota’s long-term vision to become an “Essentials Innovator for Supporting Life” committed to a prosperous society and the cycle of nature.
5. Where is Kubota’s largest market? North America is Kubota’s largest market, contributing 42.2% of the total revenue, followed by Asia and Japan.
6. Does Kubota manufacture its own engines? Yes, Kubota manufactures a wide range of industrial engines for its own machinery and for other Original Equipment Manufacturers (OEMs), including developing hydrogen engines.
7. What companies has Kubota acquired recently? Notable acquisitions include Escorts Ltd. in India (now Escorts Kubota Ltd.), Kverneland AS in Norway, and Great Plains Manufacturing in the USA.
8. What is Kubota’s policy on carbon neutrality? Kubota aims to reduce Scope 1 and 2 CO2 emissions by 50% by 2030 compared to 2014 levels and achieve carbon neutrality by 2050.
9. How many employees does Kubota have? Kubota has 52,094 consolidated employees as of December 31, 2024.
10. What is Kubota’s overseas revenue ratio? The overseas revenue ratio for Kubota Corporation is 79.0%, indicating a strong global presence.

Content is based on publicly available corporate filings, regulatory disclosures, annual reports, 10-K filings, Investor Relations materials, and direct mail communication with the company.