Kubota's H1 Profit Climbs 88%; Shares Down 4%
Kubota (TYO:6326) reported an 88% year-over-year rise in first-half attributable profit to 173.7 billion yen from 92.5 billion yen.Basic EPS was 152.96 yen, compared with 80.60 yen a year earlier, according to a Tokyo bourse filing on Tuesday.Revenue grew 16% to 1.690 trillion yen from 1.455 trillion yen for the six months ended June 30.The agricultural machinery company declared an interim dividend of 26 yen per share, payable from Sept. 21.In a separate filing, the company raised its full-year attributable profit forecast to 200.0 billion yen from 115.0 billion yen, Basic EPS to 176.14 yen from 101.14 yen, and revenue to 3.30 trillion yen from 3.20 trillion yen.The revision was due to the depreciation of the yen and the contribution from U.S. tariff funds.The company plans to pay a year-end dividend of 26 yen per share, bringing its total annual dividend to 52 yen per share, up from 50 yen in the previous fiscal year.Shares of the agricultural machinery manufacturer fell 4% in recent trade.
