Edgar Filing: KUBOTA CORP

Form 6-K

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 May 2013

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) :

Information furnished on this form:

EXHIBITS

Exhibit Number

1.	Results of operations for the year ended March 31, 2013 (Friday, May 10, 2013)

2.	Notice on a distribution of retained earnings (Friday, May 10, 2013)

3.	Notice on amendment to Articles of Incorporation (Friday, May 10, 2013)

4.	Basic policy regarding reduction of trading unit of the Company’s stock (Friday, May 10, 2013)


		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 (FRIDAY, MAY 10, 2013)

RESULTS OF OPERATIONS FOR THE YEAR ENDED

MARCH 31, 2013 REPORTED BY KUBOTA CORPORATION

OSAKA, JAPAN, May 10, 2013 — Kubota Corporation reported today its consolidated results of operations for the year ended March 31, 2013.

Consolidated Financial Highlights

1. Consolidated Results of Operations for the Fiscal Year Ended March 31, 2013


(1) Results of operations	(In millions of yen except per common share amounts)
	Year ended March 31, 2013			Change [%]		Year ended March 31, 2012			Change [%]
Revenues	¥	1,167,628			15.8	¥	1,008,019			8.0
Operating income	¥	113,161			7.1	¥	105,680			22.7
% of revenues		9.7	%				10.5	%
Income before income taxes and equity in net income of affiliated companies	¥	120,463			19.3	¥	100,938			10.6
% of revenues		10.3	%				10.0	%
Net income attributable to Kubota Corporation	¥	73,688			19.7	¥	61,552			12.3
% of revenues		6.3	%				6.1	%
Net income attributable to Kubota Corporation per common share
Basic	¥	58.67				¥	48.75
Diluted		—					—
Ratio of net income attributable to Kubota Corporation to shareholders’ equity		10.4	%				9.6	%
Ratio of income before income taxes and equity in net income of affiliated companies to total assets		7.5	%				7.1	%

Notes.

Change[%] represents percentage change from the prior year.

Comprehensive income for the years ended March 31, 2013 and 2012 were ¥141,770 million [195.0%] and ¥48,057 million [75.9%], respectively.

Equity in net income of affiliated companies for the years ended March 31, 2013 and 2012 were ¥1,426 million and ¥1,629 million, respectively.


(2) Financial position	(In millions of yen except per common share amounts)
	March 31, 2013			March 31, 2012
Total assets	¥	1,743,670		¥	1,487,669
Equity	¥	810,608		¥	707,214
Kubota Corporation shareholders’ equity	¥	758,515		¥	653,283
Ratio of Kubota Corporation shareholders’ equity to total assets		43.5	%		43.9	%
Kubota Corporation shareholders’ equity per common share	¥	603.95		¥	520.14

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Kubota Corporation

and Subsidiaries


(3) Summary of statements of cash flows	(In millions of yen)
	Year ended March 31, 2013			Year ended March 31, 2012
Net cash provided by operating activities	¥	50,984		¥	79,896
Net cash used in investing activities	(¥	69,245	)	(¥	69,929	)
Net cash provided by (used in) financing activities	¥	21,655		(¥	13,264	)
Cash & cash equivalents, end of year	¥	110,535		¥	100,559

2. Cash dividends


	(In millions of yen except per common share amounts)
	Cash dividends per common share										Annual cash dividends		Annual cash dividends as % to net income			Annual dividends as % to share- holders’ equity
	First quarter period		Second quarter period		Third quarter period		Year-end		Total		Annual cash dividends		Annual cash dividends as % to net income			Annual dividends as % to share- holders’ equity
Year ended March 31, 2013		—	¥	8.00		—	¥	9.00	¥	17.00	¥	21,358		29.0	%		3.0	%
Year ended March 31, 2012		—	¥	7.00		—	¥	8.00	¥	15.00	¥	18,846		30.8	%		2.9	%

Note.

Although the Company’s basic policy for the return of profit to shareholders is to maintain stable dividends or raise dividends, the specific amount of cash dividends for each fiscal year is decided in consideration of the development of business performance, financial conditions and payout ratio including share buybacks. The specific amount of cash dividends for the year ending March 31, 2014 is not decided at this time and the Company will inform the amount as soon as a decision has been made.

3. Anticipated results of operations for the year ending March 31, 2014


	(In millions of yen except per common share amounts)
	Six months ending September 30, 2013		Change [%]		Year ending March 31, 2014		Change [%]
Revenues	¥	660,000		20.8	¥	1,400,000		19.9
Operating income	¥	78,000		45.4	¥	160,000		41.4
Income before income taxes and equity in net income of affiliated companies	¥	80,000		53.9	¥	165,000		37.0
Net income attributable to Kubota Corporation	¥	50,000		63.2	¥	100,000		35.7
Net income attributable to Kubota Corporation per common share	¥	39.81			¥	79.62

Notes.

Change [%] represents percentage change from the prior year.

Please refer to page 6 for further information related to the above mentioned anticipated results of operations.

4. Other


(1)	Changes in material subsidiaries: None

(2)	Changes in accounting principles, procedures, and presentations for consolidated financial statements

	a) Changes due to the revision of accounting standards: None

	b) Changes in matters other than a) above: None

(3)	Number of shares outstanding including treasury stock as of March 31, 2013	:	1,256,419,180
	Number of shares outstanding including treasury stock as of March 31, 2012	:	1,285,919,180
	Number of treasury stock as of March 31, 2013	:	502,202
	Number of treasury stock as of March 31, 2012	:	29,935,508
	Weighted average number of shares outstanding during the year ended March 31, 2013	:	1,255,950,622
	Weighted average number of shares outstanding during the year ended March 31, 2012	:	1,262,533,879

Please refer to “(9) Per common share information” on page 18.

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Kubota Corporation

(Parent Company Only)

(Reference) Non-consolidated Financial Highlights


(1) Results of operations	(In millions of yen except per common share amounts)
	Year ended March 31, 2013		Change [%]		Year ended March 31, 2012		Change [%]
Net sales	¥	674,739		8.3	¥	622,817		10.2
Operating income	¥	51,160		45.3	¥	35,200		22.3
Ordinary income	¥	63,885		53.3	¥	41,668		23.2
Net income	¥	41,846		40.8	¥	29,709		44.9
Net income per common share
Basic	¥	33.30			¥	23.52
Diluted		—				—

Note.

Change [%] represents percentage change from the prior year.


(2) Financial position	(In millions of yen except per common share amounts)
	March 31, 2013			March 31, 2012
Total assets	¥	882,663		¥	798,123
Net assets	¥	479,561		¥	438,860
Equity	¥	479,561		¥	438,860
Ratio of equity to total assets		54.3	%		55.0	%
Net assets per common share	¥	381.71		¥	349.30

(*Information on status of the audit by the independent auditor)

This release has not been audited in accordance with the Financial Instruments and Exchange Law of Japan by the independent auditor because this release is not subject to audit.

As of the date of this release, the Company’s consolidated financial statements for the year ended March 31, 2013 are subject to procedures as part of the year-end.

< 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, the occurrence of natural disasters, 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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Kubota Corporation

and Subsidiaries

Index to Accompanying Materials


1.	Review of operations and financial condition		5
	(1)	Review of operations	5
	(2)	Financial condition	6
2.	Management policies		8
	(1)	Basic management policy	8
	(2)	Principal business policies for medium-to-long term growth in profit	8
3.	Consolidated financial statements		10
	(1)	Consolidated balance sheets	10
	(2)	Consolidated statements of income	12
	(3)	Consolidated statements of comprehensive income	13
	(4)	Consolidated statements of changes in equity	13
	(5)	Consolidated statements of cash flows	14
	(6)	Notes to assumptions for going concern	15
	(7)	Notes to consolidated financial statements	15
	(8)	Consolidated segment information	16
	(9)	Per common share information	18
	(10)	Subsequent events	18
	(11)	Consolidated revenues by reporting segments	19
	(12)	Anticipated consolidated revenues by reporting segments	20
4.	The results of operations for the three months ended March 31, 2013		21
	(1)	Consolidated statements of income	21
	(2)	Consolidated segment information	22
	(3)	Consolidated revenues by reporting segments	23
5.	Other		24
	(1)	Notice of changes of management (Effective as of June 21, 2013)	24

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Kubota Corporation

and Subsidiaries

1. Review of operations and financial condition

(1) Review of operations

a)	Summary of the results of operations for the year under review

For the year ended March 31, 2013, revenues of Kubota Corporation and its subsidiaries (hereinafter, the “Company”) increased ¥159.6 billion [15.8%], to ¥1,167.6 billion from the prior year.

In the domestic market, revenues increased ¥42.3 billion [8.5%], to ¥541.0 billion from the prior year. Domestic revenues in Farm & Industrial Machinery increased due to steady sales of farm equipment and robust growth in sales of construction machinery and engines. Revenues in Water & Environment also increased owing to sales growth of products related to public works. In addition, revenues in Other increased slightly.

In the overseas market, revenues increased ¥117.3 billion [23.0%], to ¥626.6 billion from the prior year. Overseas revenues in Farm & Industrial Machinery significantly expanded in North America, Europe and Asia outside Japan, and revenues in Water & Environment and Other rose. The ratio of overseas revenues to consolidated revenues was 53.7 %, 3.2 percentage points higher than at the prior year-end.

Operating income increased ¥7.5 billion [7.1%] from the prior year, to ¥113.2 billion. The increase in revenues in Farm & Industrial Machinery and Water & Environment and the declines in material costs exceeded the impact of increases in other costs, such as higher pension cost.

Income before income taxes and equity in net income of affiliated companies was ¥120.5 billion, ¥19.5 billion [19.3%] higher than in the prior year, because of gains in operating income and considerable improvement in other income, including the foreign exchange gain (loss)-net account. Income taxes were ¥40.7 billion, and equity in net income of affiliated companies was ¥1.4 billion. Accordingly, net income increased ¥15.1 billion [22.9%], to ¥81.1 billion. After deducting ¥7.5 billion of net income attributable to noncontrolling interests, net income attributable to Kubota Corporation was ¥73.7 billion, ¥12.1 billion [19.7%] higher than in the prior year.

b)	Review of operations by reporting segment

1)	Farm & Industrial Machinery

Farm & Industrial Machinery comprises farm equipment, engines, and construction machinery.

Revenues in this segment increased 19.2% from the prior year, to ¥851.0 billion, and accounted for 72.9% of consolidated revenues.

Domestic revenues increased 12.3%, to ¥264.3 billion. Domestic sales of farm equipment increased, because sales in the Tohoku area rose owing to the rebound from stagnation in the prior year, and sales in other areas also increased steadily due to higher rice prices and the government subsidies for farmers. Sales of construction machinery and engines substantially increased due to the demand for reconstruction work following the Great East Japan Earthquake.

Overseas revenues increased 22.6%, to ¥586.7 billion. In North America, sales of tractors increased substantially due to growth in demand owing to the market recovery. Sales of construction machinery increased significantly owing to the growth in replacement demand from rental companies, and sales of engines also expanded steadily. Revenues in Europe increased sharply due to the effect of the tractor implement business acquisition in the prior fiscal year and higher sales of engines, while sales of tractors and construction machinery decreased owing to the economic downturn and the negative impact of the yen appreciation. In Asia outside Japan, sales of farm equipment rose significantly, mainly in Thailand and China.

Operating income in this segment increased 10.4%, to ¥108.0 billion, due to increased revenues in Japan and overseas.

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Kubota Corporation

and Subsidiaries

2)	Water & Environment

Water & Environment comprises pipe-related products (ductile iron pipes, plastic pipes, valves, pumps, and other products), environment-related products (environmental control plants and other products), and social infrastructure-related products (industrial castings, spiral welded steel pipes, vending machines, precision equipment, air-conditioning equipment, and other products).

Revenues in this segment increased 7.1%, to ¥282.1 billion from the prior year, and accounted for 24.1% of consolidated revenues.

Domestic revenues increased 5.6%, to ¥245.6 billion. Revenues in environment-related products rose significantly owing to higher sales of water and sewage treatment equipment and plants. In addition, revenues in pipe-related products and social infrastructure-related products also increased. Overseas revenues rose 19.2%, to ¥36.5 billion owing to increased sales in ductile iron pipes and valves.

Operating income in this segment increased 34.6%, to ¥23.5 billion, supported by steady revenues.

Other

Other comprises construction, services, and other business.

Revenues in this segment increased 12.4%, to ¥34.6 billion from the prior year, and accounted for 3.0% of consolidated revenues. Revenues generated from construction and other business also increased.

Operating income in this segment was ¥2.5 billion, almost the same level as in the prior year.

* The Company realigned its organization on April 1, 2012. Following this realignment, the segments that had previously been classified as “Farm & Industrial Machinery”, “Water & Environment Systems”, “Social Infrastructure”, and “Other” were reclassified into “Farm & Industrial Machinery”, “Water & Environment”, and “Other”.

c)	Prospects for the fiscal year ending March 31, 2014

The Company forecasts consolidated revenues for the year ending March 31, 2014 at ¥1,400.0 billion, ¥232.4 billion higher than during the year under review. Domestic revenues are forecast to increase due to increases in revenues in all reporting segments. Overseas revenues are forecast to increase sharply due to higher revenues in Farm & Industrial Machinery. Among revenues in this segment, revenues in North America, Europe and Asia outside Japan expected to increase substantially owing to the impact of the yen depreciation.

The Company forecasts operating income of ¥160.0 billion, an increase of ¥46.8 billion from the year under review, due to the effect of higher revenues and the substantial positive change of yen exchange. The Company expects Income before income taxes and equity in net income of affiliated companies for the next fiscal year to be ¥165.0 billion, an increase of ¥44.5 billion from the year under review. Net income attributable to Kubota Corporation is forecast to be ¥100.0 billion, an increase of ¥26.3 billion from the year under review. (These forecasts are based on the assumption of exchange rates of ¥95=US$1 and ¥125=1 Euro.)

(2) Financial condition

a)	Assets, liabilities and equity

Total assets at the end of March 2013 amounted to ¥1,743.7 billion, an increase of ¥256.0 billion from the prior fiscal year-end. As for assets, notes and accounts receivable, inventories, and short- and long-term finance receivables increased due to higher revenues and the yen depreciation from the prior year-end.

Among liabilities, trade accounts payable increased. Additionally, short-term borrowings and long-term debt increased related to the increase in finance receivables.

Equity increased because of the accumulation of retained earnings and a significant improvement in accumulated other comprehensive loss. The shareholders’ equity ratio was 43.5%, 0.4 percentage points lower than at the prior fiscal year-end.

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Kubota Corporation

and Subsidiaries

b)	Cash flows

Net cash provided by operating activities during the year under review was ¥51.0 billion, a decrease of ¥28.9 billion in cash inflow compared with the prior year. This decrease in cash inflow was mainly due to the changes in working capital, such as notes and accounts receivable and trade notes and accounts payable, and a decrease in income taxes payable, while net income increased.

Net cash used in investing activities was ¥69.2 billion, a decrease of ¥0.7 billion in cash outflow compared with the prior year. The decrease in cash outflow, such as the decrease in expenditures for the acquisition of businesses and the shrinkage of the incremental amount in finance receivables, exceeded the increase in cash outflow due to the decrease of proceeds from sales of property, plant, and equipment and purchases of fixed assets.

Net cash provided by financing activities was ¥21.7 billion, an increase of ¥34.9 billion in cash inflow compared with the prior year. This increase was mainly due to an increase in cash inflow from fund procurement and a decrease in cash outflow for the purchase of treasury stock. Meanwhile, cash outflow due to purchases of noncontrolling interests increased.

As a result, after taking account of the effects of fluctuations in exchange rates, cash and cash equivalents at the end of March 31, 2013 were ¥110.5 billion, an increase of ¥10.0 billion from the prior fiscal year-end.

(Reference) Cash flow indices


	Year ended March 31, 2013		Year ended March 31, 2012
Ratio of shareholders’ equity to total assets [%]		43.5		43.9
Equity ratio based on market capitalization [%]		96.4		67.1
Interest-bearing debt / Net cash provided by operating activities [year]		9.0		4.5
Interest coverage ratio [times]		9.0		16.9

Notes.

Equity ratio based on market capitalization: market capitalization / total assets

Interest coverage ratio: cash flows provided by operating activities / interest paid

Each ratio is calculated based on the figures in the consolidated financial statements. Market capitalization is calculated based on closing price at the end of the fiscal year multiplied by the number of shares outstanding at the end of the fiscal year, excluding treasury stock. Net cash provided by operating activities is the amount in the consolidated statements of cash flows. Interest-bearing debt includes short-term borrowings, current portion of long-term debt, and long-term debt in the consolidated balance sheets. Additionally, interest paid is the amount of cash paid during the year for interest in the consolidated statements of cash flows.

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Kubota Corporation

and Subsidiaries

2. Management policies

(1) Basic management policy

For more than a century since its founding, the Company has continued to contribute to society through helping to improve people’s quality of life, by offering products and services—including farm equipment, pipes for water supply and sewage systems and environmental control plants.

And the Company is developing its business globally under the corporate mission “Continue to support the future of the earth and humanity by contributing products that help the affluent and stable production of food, help supply and restore reliable water, and help create a comfortable living environment through its superior products, technologies and services” with the aim of solving the worldwide problems of food, water and the environment, which are indispensable for human beings.

In the years to come, the Company will strive to attain an even higher enterprise value, through improvement of its capabilities for responding with flexibility to changes in society by emphasizing agility in its operations, strengthening its global operational presence, and relentlessly working to transform itself.

(2) Principal business policies for medium-to-long-term growth in profit

The Company is implementing initiatives to globalize its management with the objective of expanding its overseas business activities, which are the driving force for its growth. At the same time, the Company is moving forward with structural transformations in its domestic business operations. Through these initiatives in Japan and overseas, the Company is endeavoring to continue to develop sustainably for the long term. To realize this objective as soon as possible, the Company is implementing the following priority policies.

1)	Attain Major Growth

The Company’s principal business domains are food, water, and the environment, all of which are expected to show substantial growth in the years to come. The Company’s highest priority at this time is to attain major expansion in its business scale. The Company will not only formulate and implement growth strategies for each of its businesses but will also specify companywide core growth themes, or growth driver businesses, and implement initiatives mainly through a task force formed in the corporate headquarters.

In Farm & Industrial Machinery, the Company will accelerate its activities to enter the business of large-scale agricultural machinery for dry-field farming to consolidate its position as a comprehensive manufacturer of agricultural machinery. Last year, the Company took a first step toward this objective through the acquisition of a tractor implement business. Looking ahead, the Company will step up the pace of its comprehensive business strategies for products, technologies, sales, services, and geographic regions.

In Water & Environment, the Company will strengthen its drive to “develop its water and environment business in Asia outside Japan.” In addition to those regions where the Company has a presence, with the network of offices of the engineering business the Company acquired last year as a base, the Company will identify those businesses where it can exercise its comprehensive capabilities and increase the speed of business development.

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Kubota Corporation

and Subsidiaries

2)	Globalize Management

For the Company to continue to develop, sustainable growth in overseas markets will be indispensable. To realize this growth, the Company aims to conduct a drastic review of its business operations and systems and create management systems that are compatible with the expansion of overseas business activities.

In its products, the Company will create marketing and product development systems for each region, expand its production outside Japan, and create systems capable of developing and launching product lineups that meet the needs of various regions.

In its sales activities, the Company will strengthen its sales network with the aim of ensuring expansion in the growing Asian region. In addition, in those areas where the Company does not yet have a presence, it will begin to structure sales channels with a time horizon of 5 to 10 years.

In procurement, along with the network of suppliers that the Company has already developed in Thailand, the Company will expand the procurement functions of its other production centers and create a global procurement system.

In its business management, the Company will proceed with the delegation of authority to make rapid decision making, appropriate for various local conditions, possible, while also moving as quickly as possible toward the appointment of local human resources to positions of management responsibility.

On the other hand, as its business activities spread all over the world, the Company will work to improve its organizational frameworks, operating systems, and other corporate infrastructure to strengthen corporate governance within the Group. In addition, the Company will make active use of IT to improve the unified grasp and supervision of management resource information. Last year, the Company established its “Kubota Global Identity” and clarified Group values as expressed in the mission and management philosophy that will be shared universally by all employees. Going forward, the Company will work to ensure that these values are understood and shared by all employees, and then all move together to expand the business activities of the Group.

3)	Develop New Businesses in Japan

The operating environment in Japan continues to be challenging. The Company is moving ahead with structural changes in its business portfolio and is aiming for the development of new businesses. In the agricultural-related products businesses, rather than focusing just on selling machinery, the Company will work toward the development of business activities that make comprehensive contributions to agriculture, including proposing various services that increase efficiency and the adoption of new farm management methods. In addition, in Water & Environment, in its activities related to the public sector, the Company is not only working to expand existing business in selling machinery and materials and providing construction services, but is also working to create new business opportunities by strengthening its capabilities for the maintenance and management of public facilities, which is increasingly being subcontracted to the private sector.

4)	Strengthen Technology Development to Attain Sustainable Growth

To sustain its growth for the long term, the Company is striving to strengthen its capabilities for developing future-oriented technology. The Company is pursuing technological development that will be the core for sustaining growth in the medium-to-long term mainly in its headquarters technology units, including its Research & Development Headquarters and Quality Assurance & Manufacturing Headquarters. In addition, the Company is endeavoring to strengthen the technologies of its business departments through differentiation and is readying operating systems and organizational frameworks that cross over the existing organizational lines and make usage possible in products and production.

< Cautionary Statements with Respect to Forward-Looking Statements >

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Kubota Corporation

and Subsidiaries

3. Consolidated financial statements

(1) Consolidated balance sheets


Assets	(In millions of yen)
	March 31, 2013					March 31, 2012					Change
	Amount			%		Amount			%		Amount
Current assets:
Cash and cash equivalents		110,535					100,559					9,976
Notes and accounts receivable:
Trade notes		73,236					71,713					1,523
Trade accounts		404,775					321,451					83,324
Less: Allowance for doubtful notes and accounts receivable		(2,504	)				(2,404	)				(100	)

Total notes and accounts receivable, net		475,507					390,760					84,747

Short-term finance receivables-net		130,694					108,160					22,534
Inventories		231,488					202,070					29,418
Other current assets		66,451					64,463					1,988

Total current assets		1,014,675			58.2		866,012			58.2		148,663

Investments and long-term finance receivables:
Investments in and loan receivables from affiliated companies		19,276					17,971					1,305
Other investments		126,679					101,705					24,974
Long-term finance receivables-net		249,135					204,272					44,863

Total investments and long-term finance receivables		395,090			22.7		323,948			21.8		71,142

Property, plant, and equipment:
Land		90,870					89,529					1,341
Buildings		237,639					226,598					11,041
Machinery and equipment		386,052					361,433					24,619
Construction in progress		16,291					8,079					8,212

Total		730,852					685,639					45,213

Accumulated depreciation		(475,326	)				(460,572	)				(14,754	)

Net property, plant, and equipment		255,526			14.6		225,067			15.1		30,459

Other assets:
Goodwill and intangible assets-net		28,902					26,904					1,998
Long-term trade accounts receivable		32,009					31,409					600
Other		18,122					15,204					2,918
Less: Allowance for doubtful non-current receivables		(654	)				(875	)				221

Total other assets		78,379			4.5		72,642			4.9		5,737

Total		1,743,670			100.0		1,487,669			100.0		256,001

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Kubota Corporation

and Subsidiaries


Liabilities and equity	(In millions of yen)
	March 31, 2013					March 31, 2012					Change
	Amount			%		Amount			%		Amount
Current liabilities:
Short-term borrowings		118,860					69,623					49,237
Trade notes payable		20,926					16,905					4,021
Trade accounts payable		222,101					199,072					23,029
Advances received from customers		10,142					6,983					3,159
Notes and accounts payable for capital expenditures		16,779					13,817					2,962
Accrued payroll costs		32,840					30,830					2,010
Accrued expenses		38,037					33,617					4,420
Income taxes payable		17,385					16,449					936
Other current liabilities		49,489					41,477					8,012
Current portion of long-term debt		68,297					107,210					(38,913	)

Total current liabilities		594,856			34.1		535,983			36.0		58,873

Long-term liabilities:
Long-term debt		273,360					184,402					88,958
Accrued retirement and pension costs		28,752					41,882					(13,130	)
Other long-term liabilities		36,094					18,188					17,906

Total long-term liabilities		338,206			19.4		244,472			16.4		93,734

Equity:
Kubota Corporation shareholders’ equity:
Common stock		84,070					84,070					—
Capital surplus		88,866					88,834					32
Legal reserve		19,539					19,539					—
Retained earnings		595,145					560,710					34,435
Accumulated other comprehensive loss		(28,889	)				(80,542	)				51,653
Treasury stock, at cost		(216	)				(19,328	)				19,112

Total Kubota Corporation shareholders’ equity		758,515			43.5		653,283			43.9		105,232
Noncontrolling interests		52,093			3.0		53,931			3.7		(1,838	)

Total equity		810,608			46.5		707,214			47.6		103,394


Total		1,743,670			100.0		1,487,669			100.0		256,001

-11-

Kubota Corporation

and Subsidiaries

(2) Consolidated statements of income


	(In millions of yen)
	Year ended March 31, 2013						Year ended March 31, 2012						Change
	Amount			%			Amount			%			Amount			%

Revenues		1,167,628			100.0			1,008,019			100.0			159,609			15.8
Cost of revenues		848,149			72.6			735,836			73.0			112,313			15.3
Selling, general, and administrative expenses		206,479			17.7			170,252			16.9			36,227			21.3
Other operating expenses (income)		(161	)		(0.0	)		(3,749	)		(0.4	)		3,588			—

Operating income		113,161			9.7			105,680			10.5			7,481			7.1

Other income (expenses):
Interest and dividend income		3,614						3,760						(146	)
Interest expense		(1,280	)					(1,892	)					612
Gain on sales of securities-net		160						105						55
Valuation loss on other investments		(360	)					(2,570	)					2,210
Foreign exchange gain (loss)-net		9,266						(7,609	)					16,875
Other-net		(4,098	)					3,464						(7,562	)

Other income (expenses), net		7,302						(4,742	)					12,044

Income before income taxes and equity in net income of affiliated companies		120,463			10.3			100,938			10.0			19,525			19.3

Income taxes:
Current		39,961						35,594						4,367
Deferred		779						954						(175	)

Total income taxes		40,740						36,548						4,192

Equity in net income of affiliated companies		1,426						1,629						(203	)


Net income		81,149			6.9			66,019			6.5			15,130			22.9

Less: Net income attributable to the noncontrolling interests		7,461						4,467						2,994


Net income attributable to Kubota Corporation		73,688			6.3			61,552			6.1			12,136			19.7

-12-

Kubota Corporation

and Subsidiaries

(3) Consolidated statements of comprehensive income


	(In millions of yen)
	Year ended March 31, 2013		Year ended March 31, 2012			Change
Net income		81,149		66,019			15,130

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		38,214		(13,359	)		51,573
Unrealized gains on securities		16,200		3,220			12,980
Unrealized gains on derivatives		195		538			(343	)
Pension liability adjustments		6,012		(8,361	)		14,373

Total other comprehensive income (loss)		60,621		(17,962	)		78,583

Comprehensive income		141,770		48,057			93,713
Less: Comprehensive income attributable to the noncontrolling interests		13,579		1,622			11,957

Comprehensive income attributable to Kubota Corporation		128,191		46,435			81,756

(4) Consolidated statements of changes in equity


	(In millions of yen)
	Shares of common stock outstanding (thousands)			Shareholders’ Equity																Non- controlling interests			Total
	Shares of common stock outstanding (thousands)			Common stock		Capital surplus			Legal reserve		Retained earnings			Accumulated other comprehensive loss			Treasury stock			Non- controlling interests			Total
Balance, March 31, 2011		1,271,713			84,070		89,140			19,539		516,858			(65,381	)		(9,341	)		46,476			681,361

Net income												61,552									4,467			66,019

Other comprehensive loss															(15,117	)					(2,845	)		(17,962	)

Cash dividends paid to Kubota Corporation shareholders, ¥14 per common share												(17,700	)											(17,700	)
Cash dividends paid to the noncontrolling interests																					(291	)		(291	)
Purchases and sales of treasury stock		(15,729	)															(9,987	)					(9,987	)
Increase in noncontrolling interests related to contribution																					73			73
Changes in ownership interests in subsidiaries							(306	)							(44	)					6,051			5,701

Balance, March 31, 2012		1,255,984			84,070		88,834			19,539		560,710			(80,542	)		(19,328	)		53,931			707,214

Net income												73,688									7,461			81,149

Other comprehensive income															54,503						6,118			60,621

Cash dividends paid to Kubota Corporation shareholders, ¥16 per common share												(20,102	)											(20,102	)
Cash dividends paid to the noncontrolling interests																					(402	)		(402	)
Purchases and sales of treasury stock		(67	)															(40	)					(40	)
Retirement of treasury stock							(1	)				(19,151	)					19,152						—
Increase in noncontrolling interests related to contribution																					301			301
Changes in ownership interests in subsidiaries							33								(2,850	)					(15,316	)		(18,133	)

Balance, March 31, 2013		1,255,917			84,070		88,866			19,539		595,145			(28,889	)		(216	)		52,093			810,608

-13-

Kubota Corporation

and Subsidiaries

(5) Consolidated statements of cash flows


	(In millions of yen)
	Year ended March 31, 2013			Year ended March 31, 2012			Change
Operating activities:
Net income		81,149			66,019
Depreciation and amortization		29,254			23,908
Gain on sales of securities-net		(160	)		(105	)
Valuation loss on other investments		360			2,570
(Gain) loss from disposal of fixed asset-net		828			(6,693	)
Impairment loss on long-lived assets		296			1,531
Equity in net income of affiliated companies		(1,426	)		(1,629	)
Deferred income taxes		779			954
Increase in notes and accounts receivable		(69,084	)		(39,833	)
Increase in inventories		(11,243	)		(16,176	)
Increase in other current assets		(772	)		(8,355	)
Increase in trade notes and accounts payable		18,824			43,189
Increase (decrease) in income taxes payable		(1,820	)		11,670
Increase in other current liabilities		9,699			11,519
Decrease in accrued retirement and pension costs		(4,331	)		(8,870	)
Other		(1,369	)		197

Net cash provided by operating activities		50,984			79,896			(28,912	)

Investing activities:
Purchases of fixed assets		(46,650	)		(26,962	)
Proceeds from sales of property, plant, and equipment		1,072			13,028
Proceeds from sales and redemption of investments		418			187
Acquisition of business, net of cash acquired		642			(17,211	)
Increase in finance receivables		(188,449	)		(167,040	)
Collection of finance receivables		160,894			135,319
Net (increase) decrease in short-term loan receivables from affiliated companies		1,680			(5,565	)
Net (increase) decrease in time deposits		2,219			(2,080	)
Other		(1,071	)		395

Net cash used in investing activities		(69,245	)		(69,929	)		684

Financing activities:
Proceeds from issuance of long-term debt		148,582			104,816
Repayments of long-term debt		(114,632	)		(89,203	)
Net increase in short-term borrowings		26,001			9
Cash dividends		(20,102	)		(17,700	)
Purchases of treasury stock		(40	)		(10,016	)
Purchases of noncontrolling interests		(18,062	)		(924	)
Other		(92	)		(246	)

Net cash provided by (used in) financing activities		21,655			(13,264	)		34,919

Effect of exchange rate changes on cash and cash equivalents		6,582			(1,437	)		8,019

Net increase (decrease) in cash and cash equivalents		9,976			(4,734	)
Cash and cash equivalents, beginning of year		100,559			105,293

Cash and cash equivalents, end of year		110,535			100,559			9,976

	(In millions of yen)
Notes:
Cash paid during the year for:
Interest		5,642			4,732			910
Income taxes		37,876			20,515			17,361

-14-

Kubota Corporation

and Subsidiaries

(6) Notes to assumptions for going concern

None

(7) Notes to consolidated financial statements

a)	Summary of accounting policies

The accompanying consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP)

b)	Consolidated subsidiaries and affiliated companies under the equity method

157 subsidiaries are consolidated.


Major consolidated subsidiaries:	Domestic	Kubota Credit Co., Ltd. Kubota-C.I. Co., Ltd.

	Overseas	Kubota U.S.A., Inc. Kubota Tractor Corporation Kubota Credit Corporation, U.S.A. Kubota Manufacturing of America Corporation Kubota Industrial Equipment Corporation Kubota Engine America Corporation Kubota Canada Ltd. Kubota Metal Corporation * Kubota Europe S.A.S. Kubota Baumaschinen GmbH Kverneland AS Kubota China Holdings Co., Ltd. Kubota Agricultural Machinery (Suzhou) Co., Ltd. Kubota Construction Machinery (Wuxi) Co., Ltd. Kubota China financial Leasing Ltd. SIAM KUBOTA Corporation Co., Ltd. Siam Kubota Leasing Co., Ltd. SIAM KUBOTA Metal Technology Co., Ltd. Kubota Engine (Thailand) Co., Ltd. Kubota Saudi Arabia Company, LLC

19 affiliated companies are accounted for under the equity method.


Major affiliated companies:		Domestic		KMEW Co., Ltd.

Kubota Metal Corporation changed the company name to Kubota Materials Canada Corporation in April 2013.

-15-

Kubota Corporation

and Subsidiaries

(8) Consolidated segment information

a)	Reporting segments


Year ended March 31, 2013	(In millions of yen)
	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
Revenues
External customers		850,953		282,078		34,597		—			1,167,628
Intersegment		59		5,461		22,030		(27,550	)		—
Total		851,012		287,539		56,627		(27,550	)		1,167,628
Operating income		107,967		23,533		2,464		(20,803	)		113,161

Identifiable assets at March 31, 2013		1,244,886		258,869		75,790		164,125			1,743,670
Depreciation		20,123		6,214		737		2,179			29,253
Capital expenditures		37,222		7,658		744		3,102			48,726

Year ended March 31, 2012	(In millions of yen)
	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
Revenues
External customers		713,943		263,286		30,790		—			1,008,019
Intersegment		69		4,839		18,010		(22,918	)		—
Total		714,012		268,125		48,800		(22,918	)		1,008,019
Operating income		97,776		17,480		2,450		(12,026	)		105,680

Identifiable assets at March 31, 2012		1,039,280		246,272		49,530		152,587			1,487,669
Depreciation		14,582		6,574		705		2,000			23,861
Capital expenditures		20,077		6,076		1,071		3,888			31,112

Notes:

1. The amounts in “Adjustments” include the eliminations and adjustments of intersegment transactions, expenses that cannot be apportioned to business segments, and corporate assets. Corporate assets mainly consist of certain assets of the parent company such as cash and cash equivalents, investment securities and assets related to administration departments.

2. The aggregated amounts of operating income are equal to those in the consolidated statements of income, and please refer to the consolidated statements of income for the reconciliation of operating income to income before income taxes and equity in net income of affiliated companies.

3. Intersegment transactions are quoted at arm’s length price.

-16-

Kubota Corporation

and Subsidiaries

b) Revenues from external customers by product groups


	(In millions of yen)
	Year ended March 31, 2013		Year ended March 31, 2012
Farm Equipment and Engines		744,319		619,989
Construction Machinery		106,634		93,954
Farm & Industrial Machinery		850,953		713,943
Pipe-related Products		151,058		142,466
Environment-related Products		64,827		56,045
Social Infrastructure-related Products		66,193		64,775
Water & Environment		282,078		263,286
Other		34,597		30,790
Total		1,167,628		1,008,019

c) Geographic information

Information for revenues from external customers by destination


	(In millions of yen)
	Year ended March 31, 2013		Year ended March 31, 2012
Japan		540,982		498,684
North America		263,246		219,929
Europe		118,744		88,715
Asia Outside Japan		204,172		169,632
Other Areas		40,484		31,059
Total		1,167,628		1,008,019

Notes:

1. Revenues from North America include those from the United States of ¥228,932 million and ¥190,243 million for the years ended March 31, 2013 and 2012, respectively.

2. There is no single customer, revenues from whom exceed 10% of total consolidated revenues of the Company.

Information for property, plant, and equipment based on physical location


	(In millions of yen)
	March 31, 2013		March 31, 2012
Japan		178,680		176,987
North America		22,892		15,158
Europe		14,057		9,580
Asia Outside Japan		36,005		20,087
Other Areas		3,892		3,255
Total		255,526		225,067

-17-

Kubota Corporation

and Subsidiaries

(9) Per common share information


	(In yen)
	Year ended March 31, 2013		Year ended March 31, 2012
Kubota Corporation shareholders’ equity per common share	¥	603.95	¥	520.14
Basic net income attributable to Kubota Corporation per common share	¥	58.67	¥	48.75

The numerators and denominators of the basic net income per common share computation are as follows:

Numerators


	(In millions of yen)
	Year ended March 31, 2013		Year ended March 31, 2012
Basic net income attributable to Kubota Corporation	¥	73,688	¥	61,552

Denominators


	(In thousands of shares)
	Year ended March 31, 2013		Year ended March 31, 2012
Weighted average common shares outstanding		1,255,951		1,262,534

Note: Diluted net income attributable to Kubota Corporation is not described because there are no dilutive securities.

(10) Subsequent events

None

-18-

Kubota Corporation

and Subsidiaries

(11) Consolidated revenues by reporting segments


	(In millions of yen)
	Year ended March 31, 2013				Year ended March 31, 2012				Change
	Amount		%		Amount		%		Amount		%

Farm Equipment and Engines		744,319		63.8		619,989		61.5		124,330		20.1
Domestic		230,666				208,353				22,313		10.7
Overseas		513,653				411,636				102,017		24.8
Construction Machinery		106,634		9.1		93,954		9.3		12,680		13.5
Domestic		33,634				27,083				6,551		24.2
Overseas		73,000				66,871				6,129		9.2
Farm & Industrial Machinery		850,953		72.9		713,943		70.8		137,010		19.2
Domestic		264,300		22.6		235,436		23.3		28,864		12.3
Overseas		586,653		50.3		478,507		47.5		108,146		22.6
Pipe-related Products		151,058		12.9		142,466		14.1		8,592		6.0
Domestic		135,638				131,706				3,932		3.0
Overseas		15,420				10,760				4,660		43.3
Environment-related Products		64,827		5.5		56,045		5.6		8,782		15.7
Domestic		61,599				52,907				8,692		16.4
Overseas		3,228				3,138				90		2.9
Social Infrastructure-related Products		66,193		5.7		64,775		6.4		1,418		2.2
Domestic		48,355				48,065				290		0.6
Overseas		17,838				16,710				1,128		6.8
Water & Environment		282,078		24.1		263,286		26.1		18,792		7.1
Domestic		245,592		21.0		232,678		23.1		12,914		5.6
Overseas		36,486		3.1		30,608		3.0		5,878		19.2
Other		34,597		3.0		30,790		3.1		3,807		12.4
Domestic		31,090		2.7		30,570		3.1		520		1.7
Overseas		3,507		0.3		220		0.0		3,287		1,494.1
Total		1,167,628		100.0		1,008,019		100.0		159,609		15.8
Domestic		540,982		46.3		498,684		49.5		42,298		8.5
Overseas		626,646		53.7		509,335		50.5		117,311		23.0

-19-

Kubota Corporation

and Subsidiaries

(12) Anticipated consolidated revenues by reporting segments


	(In billions of yen)
	Year ending March 31, 2014				Year ended March 31, 2013				Change
	Amount		%		Amount		%		Amount		%
Domestic		280.0				264.3				15.7		5.9
Overseas		770.0				586.7				183.3		31.3
Farm & Industrial Machinery		1,050.0		75.0		851.0		72.9		199.0		23.4
Domestic		264.0				245.6				18.4		7.5
Overseas		49.0				36.5				12.5		34.3
Water & Environment		313.0		22.4		282.1		24.1		30.9		11.0
Domestic		33.0				31.1				1.9		6.1
Overseas		4.0				3.5				0.5		14.1
Other		37.0		2.6		34.6		3.0		2.4		6.9
Total		1,400.0		100.0		1,167.6		100.0		232.4		19.9

Domestic		577.0		41.2		541.0		46.3		36.0		6.7
Overseas		823.0		58.8		626.6		53.7		196.4		31.3

-20-

Kubota Corporation

and Subsidiaries

4. The results of operations for the three months ended March 31, 2013

(1) Consolidated statements of income


	(In millions of yen)
	Three months ended March 31, 2013						Three months ended March 31, 2012						Change
	Amount			%			Amount			%			Amount			%
Revenues		341,235			100.0			277,457			100.0			63,778			23.0
Cost of revenues		248,263			72.7			204,527			73.7			43,736			21.4
Selling, general, and administrative expenses		58,789			17.2			49,202			17.7			9,587			19.5
Other operating expenses (income)		(821	)		(0.2	)		(5,121	)		(1.8	)		4,300			—

Operating income		35,004			10.3			28,849			10.4			6,155			21.3

Other income (expenses):
Interest and dividend income		428						559						(131	)
Interest expense		(540	)					(821	)					281
Gain on sales of securities-net		34						106						(72	)
Valuation loss on other investments		(24	)					(1,079	)					1,055
Foreign exchange gain-net		5,038						1,193						3,845
Other-net		(2,173	)					147						(2,320	)

Other income (expenses), net		2,763						105						2,658

Income before income taxes and equity in net loss of affiliated companies		37,767			11.1			28,954			10.4			8,813			30.4

Income taxes		10,564						9,145						1,419

Equity in net loss of affiliated companies		(348	)					(444	)					96

Net income		26,855			7.9			19,365			7.0			7,490			38.7

Less: Net income attributable to the noncontrolling interests		2,823						611						2,212

Net income attributable to Kubota Corporation		24,032			7.0			18,754			6.8			5,278			28.1


	(In yen)
Net income attributable to Kubota Corporation per common share
Basic		19.14						14.93

-21-

Kubota Corporation

and Subsidiaries

(2) Consolidated segment information

a) Reporting segments

Three months ended March 31, 2013


	(In millions of yen)
	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
Revenues
External customers		232,065		97,797		11,373		—			341,235
Intersegment		15		1,981		8,875		(10,871	)		—

Total		232,080		99,778		20,248		(10,871	)		341,235

Operating income		29,245		10,493		1,210		(5,944	)		35,004

Three months ended March 31, 2012
	(In millions of yen)
	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
Revenues
External customers		177,306		89,482		10,669		—			277,457
Intersegment		28		2,324		3,881		(6,233	)		—

Total		177,334		91,806		14,550		(6,233	)		277,457

Operating income		18,626		8,142		916		1,165			28,849

Notes:

1. The amounts in “Adjustments” include the eliminations of intersegment transactions and the unallocated corporate expenses.

3. Intersegment revenues are recorded at arm’s length prices.

b) Geographic information

Information for revenues from external customers by destination


	(In millions of yen)
	Three months ended March 31, 2013		Three months ended March 31, 2012
Japan		159,066		146,819
North America		76,626		58,262
Europe		33,092		19,823
Asia Outside Japan		68,920		44,485
Other Areas		3,531		8,068
Total		341,235		277,457

Notes:

1. Revenues from North America include those from the United States of ¥68,818 million and ¥51,623 million for the three months ended March 31, 2013 and 2012, respectively.

2. There is no single customer, revenues from whom exceed 10% of total consolidated revenues of the Company.

-22-

Kubota Corporation

and Subsidiaries

(3) Consolidated revenues by reporting segments


	(In millions of yen)
	Three months ended March 31, 2013				Three months ended March 31, 2012				Change
	Amount		%		Amount		%		Amount			%

Farm Equipment and Engines		206,116		60.4		158,217		57.0		47,899			30.3
Domestic		56,590				51,214				5,376			10.5
Overseas		149,526				107,003				42,523			39.7
Construction Machinery		25,949		7.6		19,089		6.9		6,860			35.9
Domestic		8,814				6,694				2,120			31.7
Overseas		17,135				12,395				4,740			38.2
Farm & Industrial Machinery		232,065		68.0		177,306		63.9		54,759			30.9
Domestic		65,404		19.1		57,908		20.8		7,496			12.9
Overseas		166,661		48.9		119,398		43.1		47,263			39.6
Pipe-related Products		50,773		14.9		44,770		16.1		6,003			13.4
Domestic		42,815				39,432				3,383			8.6
Overseas		7,958				5,338				2,620			49.1
Environment-related Products		29,574		8.7		26,950		9.7		2,624			9.7
Domestic		28,013				25,947				2,066			8.0
Overseas		1,561				1,003				558			55.6
Social Infrastructure-related Products		17,450		5.1		17,762		6.4		(312	)		(1.8	)
Domestic		13,307				12,878				429			3.3
Overseas		4,143				4,884				(741	)		(15.2	)
Water & Environment		97,797		28.7		89,482		32.2		8,315			9.3
Domestic		84,135		24.7		78,257		28.2		5,878			7.5
Overseas		13,662		4.0		11,225		4.0		2,437			21.7
Other		11,373		3.3		10,669		3.9		704			6.6
Domestic		9,527		2.8		10,654		3.9		(1,127	)		(10.6	)
Overseas		1,846		0.5		15		0.0		1,831			12,206.7
Total		341,235		100.0		277,457		100.0		63,778			23.0
Domestic		159,066		46.6		146,819		52.9		12,247			8.3
Overseas		182,169		53.4		130,638		47.1		51,531			39.4

-23-

Kubota Corporation

and Subsidiaries

5. Other

(1) Notice of changes of management (Effective as of June 21, 2013)

a) Appointment of new Corporate Auditor


Name		Current responsibility

Masaharu Kawachi		ex-General Manager of Pharmaceutical Chemicals Division of Sumitomo Chemical Company, Limited

*Mr. Masaharu Kawachi is a candidate for outside Corporate Auditor.

b) Retirement of Corporate Auditor (Expiration of the term of offices)


Name		New responsibility after retirement

Masao Morishita (full time)		Honorable Associate of the Company

End of document

-24-

May 10, 2013

To whom it may concern

Kubota Corporation

2-47, Shikitsu-higashi 1-chome,

Naniwa-ku, Osaka 556-8601, Japan

Contact: IR Group

Global Management Promotion Department

Planning & Control Headquarters

Phone: +81-6-6648-2645

Notice on a distribution of retained earnings

Please be advised that Kubota Corporation (hereinafter “the Company”) resolved at the Board of Directors’ Meeting held on May 10, 2013 that the Company would distribute retained earnings as the record date was March 31, 2013.

1. Details of year-end dividend

Year-end dividend

Latest forecast
(Released on February 6, 2013)

Comparable previous year
(Year ended March 31, 2012)

Record date

March 31, 2013

March 31, 2012

Dividend per common share

Amount of dividend

11,307 million

—

10,050 million

Date of payment

June 24, 2013

—

June 25, 2012

Resource of dividend

Retained earnings

—

Retained earnings

2. Reasons for raising dividend

The Company’s basic policy for the return of profit to shareholders is to maintain stable dividends or raise dividends together with share buy-back and retirement of treasury stock.

Considering the basic policy and the Company’s current business performance, the Company decided to pay ¥9 per common share as year-end dividend, which will be ¥1 higher than in the prior year.

Accordingly, including the interim dividend of ¥8 per common share already paid, the annual dividend per common share for the fiscal year ended March 31, 2013 will be ¥17, which will be ¥2 higher than in the prior year.


	(per common share)
	Dividend per common share
	Interim dividend		Year-end dividend		Annual dividend
This fiscal year (Year ended March 31, 2013)	¥	8	¥	9	¥	17
Comparable previous year (Year ended March 31, 2012)	¥	7	¥	8	¥	15

< Cautionary Statements with Respect to Forward-Looking Statements >

End of document

May 10, 2013

To whom it may concern

Kubota Corporation

2-47, Shikitsu-higashi 1-chome,

Naniwa-ku, Osaka 556-8601, Japan

Contact: IR Group

Global Management Promotion Department

Planning & Control Headquarters

Phone: +81-6-6648-2645

Notice on amendment to Articles of Incorporation

Please be advised that Kubota Corporation (hereinafter “the Company”), at its Board of Directors’ Meeting held on May 10, 2013, resolved to propose an agenda to amend its Articles of Incorporation at the Ordinary General Meeting of Shareholders to be held on June 21, 2013.

1. Purposes of the amendments

(1)

In order to prepare an environment in which Outside Directors and Outside Corporate Auditors will be able to fulfill their expected roles and suitable personnel will be able to be invited continuously, the Company will newly establish Article 27. (Agreement on Limitation of Liabilities of Outside Directors) and Article 33. (Agreement on Limitation of Liabilities of Outside Corporate Auditors) in accordance with Article 427 of the Corporate Law.

With respect to the new establishment of Article 27, all Corporate Auditors have consented to such amendments.

(2)

The Company will move down the numbers of the existing Articles due to the above establishment of new Articles.

2. Details of amendments

Details of the amendments mentioned above are as follows:


		(Underlining indicates portions changed.)
Current Articles		Proposed amendments to the Articles
CHAPTER IV. DIRECTORS AND BOARD OF DIRECTORS		CHAPTER IV. DIRECTORS AND BOARD OF DIRECTORS

Article 20.		Article 20.
\| [Provisions omitted]		\| [Same as at present]
Article 26.		Article 26.

[Newly established]		Article 27. (Agreement on Limitation of Liabilities of Outside Directors) Pursuant to Article 427, Paragraph 1 of the Corporate Law, the Company may enter into an agreement with an Outside Director which limits the liability for damages caused by a breach of such Outside Director’s duties, provided, however, that the maximum amount to which such liability may be limited shall be the amount as prescribed by the relevant laws and regulations.

CHAPTER V. CORPORATE AUDITORS AND BOARD OF CORPORATE AUDITORS		CHAPTER V. CORPORATE AUDITORS AND BOARD OF CORPORATE AUDITORS

Article 27.		Article 28.
\| [Provisions omitted]		\| [Same as at present]
Article 31.		Article 32.

[Newly established]		Article 33. (Agreement on Limitation of Liabilities of Outside Corporate Auditors) Pursuant to Article 427, Paragraph 1 of the Corporate Law, the Company may enter into an agreement with an Outside Corporate Auditor which limits the liability for damages caused by a breach of such Outside Corporate Auditor’s duties, provided, however, that the maximum amount to which such liability may be limited shall be the amount as prescribed by the relevant laws and regulations.

CHAPTER VI. ACCOUNTS		CHAPTER VI. ACCOUNTS

Article 32.		Article 34.
\| [Provisions omitted]		\| [Same as at present]
Article 36.		Article 38.

3. Schedule


The date of the Ordinary General Meeting of Shareholders for the amendments:		June 21, 2013
The date that amended Articles of Incorporation will be effective:		June 21, 2013

< Cautionary Statements with Respect to Forward-Looking Statements >

End of document

May 10, 2013

To whom it may concern

Kubota Corporation

2-47, Shikitsu-higashi 1-chome,

Naniwa-ku, Osaka 556-8601, Japan

Contact: IR Group

Global Management Promotion Department

Planning & Control Headquarters

Phone: +81-6-6648-2645

Basic policy regarding reduction of trading unit of the Company’s stock

Kubota Corporation (hereinafter “the Company”) believes that reduction of trading unit is one of the effective measures to enhance liquidity of the Company’s stock and the diversity of shareholders, which is deemed to be one of the important considerations by the Company.

However, the Company believes that the implementation of reduction of trading unit should be examined in careful consideration of price and liquidity of the Company’s stock, financial results of the Company and expenses.

< Cautionary Statements with Respect to Forward-Looking Statements >

End of document

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: May 10, 2013	By:	/s/ Yoshiyuki Fujita
	Name:	Yoshiyuki Fujita
	Title:	Executive Officer
		General Manager of Global Management Promotion Department

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