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 November 2012

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 six months ended September 30, 2012 (Friday, November 2, 2012)

2.	Notice of interim dividend (Friday, November 2, 2012)


		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, NOVEMBER 2, 2012)

RESULTS OF OPERATIONS FOR THE SIX MONTHS ENDED

SEPTEMBER 30, 2012 REPORTED BY KUBOTA CORPORATION

OSAKA, JAPAN, November 2, 2012 — Kubota Corporation reported its consolidated results for the six months ended September 30, 2012 today.

Consolidated Financial Highlights

1. Consolidated results of operations for the six months ended September 30, 2012


(1) Results of operations	(In millions of yen except per common share amounts)
	Six months ended Sep. 30, 2012		Change [%]		Six months ended Sep. 30, 2011		Change [%]
Revenues	¥	546,473		13.4	¥	481,713		7.3
Operating income	¥	53,635		8.9	¥	49,249		14.1
Income before income taxes and equity in net income of affiliated companies	¥	51,977		17.2	¥	44,367		3.1
Net income attributable to Kubota Corporation	¥	30,632		16.3	¥	26,338		2.4
Net income attributable to Kubota Corporation per common share
Basic	¥	24.39			¥	20.75
Diluted		—				—

Notes:

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

Comprehensive income for the six months ended September 30, 2012 and 2011 were ¥28,767 million [16.3%] and ¥24,745 million [211.3%], respectively.


(2) Financial position	(In millions of yen)
	Sep. 30, 2012			Mar. 31, 2012
Total assets	¥	1,522,018		¥	1,487,669
Equity	¥	720,800		¥	707,214
Kubota Corporation shareholders’ equity	¥	668,351		¥	653,283
Ratio of Kubota Corporation shareholders’ equity to total assets		43.9	%		43.9	%

2. Cash dividends


	(In yen)
	Cash dividends per common share
	Interim		Year end		Total
Year ended March 31, 2012	¥	7.00	¥	8.00	¥	15.00
Year ending March 31, 2013	¥	8.00		Undecided		Undecided

Note:

Although the Company’s basic policy for the return of profit to shareholders is to maintain stable dividends or raise dividends, 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. Specific amount of year-end cash dividends for the year ending March 31, 2013 is not decided at this time and the Company will inform the amount as soon as a decision is made.

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Kubota Corporation

and Subsidiaries

3. Anticipated results of operations for the year ending March 31, 2013


	(In millions of yen except per common share amounts)
	Year ending Mar. 31, 2013		Change [%]
Revenues	¥	1,150,000		14.1
Operating income	¥	105,000		(0.6	)
Income before income taxes and equity in net income of affiliated companies	¥	105,000		4.0
Net income attributable to Kubota Corporation	¥	65,000		5.6
Net income attributable to Kubota Corporation per common share	¥	51.75

Note:

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

4. Other information

(1)	Changes in material subsidiaries: No

(2)	Adoption of simplified accounting procedures or specific accounting procedures for quarterly consolidated financial statements: Yes

Please refer to “2. Other information” on page 6.

(3)	Accounting changes for consolidated financial statements

a) Changes due to the revision of accounting standards: No

b) Changes in matters other than a) above: No


(4)	Number of shares outstanding including treasury stock as of September 30, 2012	:	1,285,919,180
	Number of shares outstanding including treasury stock as of March 31, 2012	:	1,285,919,180
	Number of treasury stock as of September 30, 2012	:	29,990,079
	Number of treasury stock as of March 31, 2012	:	29,935,508
	Weighted average number of shares outstanding during the six months ended September 30, 2012	:	1,255,955,783
	Weighted average number of shares outstanding during the six months ended September 30, 2011	:	1,269,078,444

(*Information on status of the quarterly review by the independent auditor)

This release is not reviewed or audited in accordance with Financial Instruments and Exchange Law of Japan by the independent auditor because this release is not subject to the quarterly review.

As of the date of this release, the Company’s consolidated financial statements for the six months ended September 30, 2012 are under procedure of the quarterly review.

< 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			4

	(1	)	Summary of the results of operations for the six months under review	4

	(2	)	Financial condition	5

	(3	)	Prospect for the year ending March 31, 2013	6

2.	Other information			6

	(1	)	Changes in material subsidiaries	6

	(2	)	Adoption of simplified accounting procedures or specific accounting procedures for quarterly consolidated financial statements	6

	(3	)	Accounting changes for consolidated financial statements	6

3.	Consolidated financial statements			7

	(1	)	Consolidated balance sheets	7

	(2	)	Consolidated statements of income	8

	(3	)	Consolidated statements of comprehensive income	9

	(4	)	Consolidated statements of cash flows	10

	(5	)	Notes to assumption for going concern	10

	(6	)	Consolidated segment information	11

	(7	)	Consolidated statements of changes in equity	12

	(8	)	Consolidated revenues by reporting segments	13

	(9	)	Anticipated consolidated revenues by reporting segments	14

4.	The results of operations for the three months ended September 30, 2012			15

	(1	)	Consolidated statements of income	15

	(2	)	Consolidated segment information	16

	(3	)	Consolidated revenues by reporting segments	17

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Kubota Corporation

and Subsidiaries

1. Review of operations and financial condition

(1) Summary of the results of operations for the six months under review

For the six months ended September 30, 2012, revenues of Kubota Corporation and subsidiaries (hereinafter, the “Company”) increased ¥64.8 billion [13.4 %], to ¥546.5 billion, from the corresponding period in the prior year.

Domestic revenues expanded ¥16.9 billion [7.4 %], to ¥246.2 billion. All reporting segments, which are Farm & Industrial Machinery, Water & Environment, and Other, recorded increases in domestic revenues.

Overseas revenues rose ¥47.8 billion [19.0 %], to ¥300.3 billion. Revenues in all reporting segments increased substantially.

Operating income increased ¥4.4 billion [8.9 %], to ¥53.6 billion, from the corresponding period in the prior year. The effect of higher revenues exceeded the negative impact of yen appreciation and increased pension costs. Income before income taxes and equity in net income of affiliated companies increased ¥7.6 billion [17.2 %], to ¥52.0 billion, due to the positive effect of an improvement in other income, resulting from decreases in valuation loss on other investments and foreign exchange loss-net. Income taxes were ¥19.0 billion and net income increased ¥5.1 billion [17.7 %], to ¥34.0 billion. Net income attributable to Kubota Corporation rose ¥4.3 billion [16.3 %], to ¥30.6 billion, from the corresponding period in the prior year.

Revenues from external customers and operating income by each reporting segment were as follows.

1) Farm & Industrial Machinery

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

Revenues in this segment increased 16.0 %, to ¥419.5 billion, from the corresponding period in the prior year and accounted for 76.8 % of consolidated revenues.

Domestic revenues increased 11.1 %, to ¥135.2 billion. Sales of farm equipment increased, because sales in the Tohoku area rose sharply owing to the rebound from stagnation in the prior year, and sales in other areas also increased steadily. Sales of construction machinery increased substantially due to the demand for reconstruction work following the Great East Japan Earthquake. In addition, sales of engines also expanded substantially due to the demand arising from measures to cope with electricity shortages.

Overseas revenues grew 18.5 %, to ¥284.3 billion. In North America, sales of tractors increased due to the steady demand. Sales of construction machinery expanded sharply owing to the brisk renewal demand, and sales of engines also rose steadily. Revenues in Europe increased substantially due to expanded sales of engines and the effect of a business acquisition in the prior fiscal year, while sales of tractors and construction machinery decreased due to the negative impact of yen appreciation. Revenues in Asia outside Japan increased. Sales of construction machinery decreased owing to a significant decline in demand in China, and sales of engines declined due to the reduction in output caused by the flooding of production sites in Thailand. However, increases in revenues, owing to the strong sales of farm equipment in Thailand, China and other countries, exceeded these decreases.

Operating income in Farm & Industrial Machinery increased 9.2 %, to ¥57.3 billion, due to the increase in revenues and other factors.

2) Water & Environment

Water & Environment comprises pipe-related products (ductile iron pipes, plastic pipes, valves, pumps, and other products), environment-related products (environmental 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 4.6 %, to ¥111.8 billion, from the corresponding period in the prior year and accounted for 20.4 % of consolidated revenues.

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Kubota Corporation

and Subsidiaries

Domestic revenues rose 2.1 %, to ¥96.5 billion. Revenues in pipe-related products decreased slightly due to the lower sales of pumps and valves, while sales of ductile iron pipes and plastic pipes increased. Revenues in environment-related products rose owing to higher sales of water and sewage treatment equipment and plants. Revenues in social infrastructure-related products also increased.

Overseas revenues grew 24.4 %, to ¥15.3 billion. Revenues in pipe-related products increased sharply due to higher sales of ductile iron pipes. Revenues in social infrastructure-related products also rose substantially due to the increased sales of industrial castings. However, revenues in environment-related products decreased.

Operating income in Water & Environment rose 23.9 %, to ¥5.7 billion, mainly due to the increase in revenues.

3) Other

Other comprises construction, services, and other businesses.

Revenues in this segment rose 15.3 %, to ¥15.2 billion from the corresponding period in the prior year and accounted for 2.8 % of consolidated revenues. Although sales of construction decreased slightly, sales of services and other businesses increased.

Operating income in Other decreased 22.3 %, to ¥0.6 billion.

* 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”.

(2) Financial condition

1) Assets, liabilities, and equity

Total assets at the end of September 2012 amounted to ¥1,522.0 billion, an increase of ¥34.3 billion from the end of March 2012. Among assets, inventories as well as short- and long-term finance receivables rose due to the increase in revenues.

Among liabilities, accounts payable, short-term borrowings, and long-term debt increased. Net assets increased because recorded retained earnings exceeded the deterioration in accumulated other comprehensive loss. The shareholders’ equity ratio was 43.9 %, the same ratio at the prior fiscal year-end.

2) Cash flows

Net cash provided by operating activities during the six months under review was ¥31.3 billion, a decrease of ¥3.9 billion in cash inflow from the corresponding period in the prior year. This decrease was mainly due to a decrease in income taxes payable and changes in working capital resulting from an increase in inventories, while net income increased.

Net cash used in investing activities was ¥29.0 billion, a decrease of ¥8.3 billion in cash outflow from the corresponding period in the prior year. This decrease was due to an increase in cash inflow from collection of finance receivables and other factors, which was partially offset by an increase in cash outflow for purchases of fixed assets.

Net cash provided by financing activities was ¥5.8 billion, an increase of ¥23.0 billion in cash inflow from the corresponding period in the prior year. This increase was mainly due to a rise in fund procurement and a decrease in purchases of treasury stock.

As a result, after taking account of the effects of fluctuation in exchange, cash and cash equivalents at the end of September 2012 were ¥107.9 billion, an increase of ¥7.4 billion from the beginning of the period.

-5-

Kubota Corporation

and Subsidiaries

(3) Prospects for the year ending March 31, 2013

The forecasts of the results of operations for the year ending March 31, 2013, which were announced on May 10, 2012, remain unchanged.

These forecasts are based on the assumption of exchange rates of ¥80=US$1 and ¥100=€1.

2. Other information

(1) Changes in material subsidiaries

None

(2) Adoption of simplified accounting procedures or specific accounting procedures for quarterly consolidated financial statements

The provision for income taxes is computed by multiplying quarterly income before income taxes and equity in net income of affiliated companies by estimated annual effective tax rate.

(3) Accounting changes for consolidated financial statements

None

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Kubota Corporation

and Subsidiaries

3. Consolidated financial statements

(1) Consolidated balance sheets


Assets	(In millions of yen)
	Sep. 30, 2012					Mar. 31, 2012					Change			Sep. 30, 2011
	Amount			%		Amount			%		Amount			Amount			%
Current assets:
Cash and cash equivalents		107,927					100,559					7,368			86,689
Notes and accounts receivable		380,154					390,760					(10,606	)		345,788
Short-term finance receivables-net		114,821					108,160					6,661			106,565
Inventories		224,774					202,070					22,704			193,303
Other current assets		62,640					64,463					(1,823	)		57,535

Total current assets		890,316			58.5		866,012			58.2		24,304			789,880			57.6

Investments and long-term finance receivables		324,958			21.4		323,948			21.8		1,010			318,984			23.3

Property, plant, and equipment		229,899			15.1		225,067			15.1		4,832			210,701			15.4

Other assets		76,845			5.0		72,642			4.9		4,203			51,499			3.7


Total		1,522,018			100.0		1,487,669			100.0		34,349			1,371,064			100.0


Liabilities and Equity	(In millions of yen)
	Sep. 30, 2012					Mar. 31, 2012					Change			Sep. 30, 2011
	Amount			%		Amount			%		Amount			Amount			%
Current liabilities:
Short-term borrowings		84,043					69,623					14,420			55,184
Notes and accounts payable		226,321					215,977					10,344			176,706
Other current liabilities		133,983					143,173					(9,190	)		112,128
Current portion of long-term debt		97,612					107,210					(9,598	)		80,607

Total current liabilities		541,959			35.6		535,983			36.0		5,976			424,625			31.0

Long-term liabilities:
Long-term debt		203,055					184,402					18,653			216,976
Accrued retirement and pension costs		37,457					41,882					(4,425	)		31,036
Other long-term liabilities		18,747					18,188					559			11,447

Total long-term liabilities		259,259			17.0		244,472			16.4		14,787			259,459			18.9

Equity:
Kubota Corporation shareholders’ equity:
Common stock		84,070					84,070					—			84,070
Capital surplus		89,241					88,834					407			89,284
Legal reserve		19,539					19,539					—			19,539
Retained earnings		581,291					560,710					20,581			534,291
Accumulated other comprehensive loss		(86,436	)				(80,542	)				(5,894	)		(69,699	)
Treasury stock		(19,354	)				(19,328	)				(26	)		(19,348	)

Total Kubota Corporation shareholders’ equity		668,351			43.9		653,283			43.9		15,068			638,137			46.5
Noncontrolling interests		52,449			3.5		53,931			3.7		(1,482	)		48,843			3.6

Total equity		720,800			47.4		707,214			47.6		13,586			686,980			50.1


Total		1,522,018			100.0		1,487,669			100.0		34,349			1,371,064			100.0

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Kubota Corporation

and Subsidiaries

(2) Consolidated statements of income


	(In millions of yen)
	Six months ended Sep. 30, 2012					Six months ended Sep. 30, 2011					Change						Year ended Mar. 31, 2012
	Amount			%		Amount			%		Amount			%			Amount			%

Revenues		546,473			100.0		481,713			100.0		64,760			13.4			1,008,019			100.0
Cost of revenues		397,736			72.8		351,108			72.9		46,628			13.3			735,836			73.0
Selling, general, and administrative expenses		94,496			17.3		80,227			16.7		14,269			17.8			170,252			16.9
Other operating expenses		606			0.1		1,129			0.2		(523	)		(46.3	)		(3,749	)		(0.4	)

Operating income		53,635			9.8		49,249			10.2		4,386			8.9			105,680			10.5
Other income (expenses):
Interest and dividend income		1,767					1,972					(205	)					3,760
Interest expense		(517	)				(771	)				254						(1,892	)
Gain on sales of securities-net		128					—					128						105
Valuation loss on other investments		(290	)				(1,404	)				1,114						(2,570	)
Foreign exchange loss-net		(1,626	)				(6,535	)				4,909						(7,609	)
Other-net		(1,120	)				1,856					(2,976	)					3,464

Other income (expenses), net		(1,658	)				(4,882	)				3,224						(4,742	)


Income before income taxes and equity in net income of affiliated companies		51,977			9.5		44,367			9.2		7,610			17.2			100,938			10.0

Income taxes		19,002					16,649					2,353						36,548

Equity in net income of affiliated companies		1,049					1,180					(131	)					1,629


Net income		34,024			6.2		28,898			6.0		5,126			17.7			66,019			6.5

Less: Net income attributable to noncontrolling interests		3,392					2,560					832						4,467


Net income attributable to Kubota Corporation		30,632			5.6		26,338			5.5		4,294			16.3			61,552			6.1


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

Basic		24.39					20.75											48.75

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Kubota Corporation

and Subsidiaries

(3) Consolidated statements of comprehensive income


	(In millions of yen)
	Six months ended Sep. 30, 2012			Six months ended Sep. 30, 2011			Change
Net income		34,024			28,898			5,126

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		1,384			2,604			(1,220	)
Unrealized losses on securities		(8,255	)		(7,034	)		(1,221	)
Unrealized gains on derivatives		60			336			(276	)
Pension liability adjustments		1,554			(59	)		1,613

Other comprehensive loss		(5,257	)		(4,153	)		(1,104	)

Comprehensive income		28,767			24,745			4,022
Less: Comprehensive income attributable to noncontrolling interests		3,954			2,725			1,229

Comprehensive income attributable to Kubota Corporation		24,813			22,020			2,793

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Kubota Corporation

and Subsidiaries

(4) Consolidated statements of cash flows


	(In millions of yen)
	Six months ended Sep. 30, 2012			Six months ended Sep. 30, 2011			Change
Operating activities:
Net income		34,024			28,898
Depreciation and amortization		13,298			11,424
Gain on sales of securities-net		(128	)		—
Valuation loss on other investments		290			1,404
Equity in net income of affiliated companies		(1,049	)		(1,180	)
Deferred income taxes		3,865			937
Decrease in notes and accounts receivable		6,198			3,107
Increase in inventories		(24,189	)		(17,063	)
Increase in other current assets		(4,178	)		(7,316	)
Increase in trade notes and accounts payable		10,775			11,253
Increase (decrease) in income taxes payable		(6,520	)		5,493
Increase (decrease) in other current liabilities		(779	)		579
Decrease in accrued retirement and pension costs		(1,809	)		(4,363	)
Other		1,524			2,095

Net cash provided by operating activities		31,322			35,268			(3,946	)

Investing activities:
Purchases of fixed assets		(19,285	)		(9,702	)
Proceeds from sales of property, plant, and equipment		778			109
Increase in finance receivables		(91,178	)		(94,602	)
Collection of finance receivables		74,295			70,965
Net (increase) decrease in short-term loan receivables from affiliated companies		2,345			(3,600	)
Net (increase) decrease in time deposits		2,235			(3	)
Other		1,853			(428	)

Net cash used in investing activities		(28,957	)		(37,261	)		8,304

Financing activities:
Proceeds from issuance of long-term debt		57,580			65,195
Repayments of long-term debt		(42,507	)		(42,492	)
Net increase (decrease) in short-term borrowings		5,807			(20,790	)
Cash dividends		(10,051	)		(8,905	)
Purchases of treasury stock		(26	)		(10,008	)
Purchases of noncontrolling interests		(4,915	)		(37	)
Other		(62	)		(116	)

Net cash provided by (used in) financing activities		5,826			(17,153	)		22,979

Effect of exchange rate changes on cash and cash equivalents		(823	)		542			(1,365	)

Net increase (decrease) in cash and cash equivalents		7,368			(18,604	)
Cash and cash equivalents at beginning of period		100,559			105,293

Cash and cash equivalents at end of period		107,927			86,689			21,238

(5) Notes to assumption for going concern

None

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Kubota Corporation

and Subsidiaries

(6) Consolidated segment information

1) Reporting segments


Six months ended Sep 30, 2012	(In millions of yen)
	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
Revenues
External customers		419,475		111,793		15,205		—			546,473
Intersegment		30		2,431		8,879		(11,340	)		—

Total		419,505		114,224		24,084		(11,340	)		546,473

Operating income		57,310		5,671		648		(9,994	)		53,635


Six months ended Sep 30, 2011	(In millions of yen)
	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
Revenues
External customers		361,660		106,861		13,192		—			481,713
Intersegment		26		1,628		8,985		(10,639	)		—

Total		361,686		108,489		22,177		(10,639	)		481,713

Operating income		52,458		4,577		834		(8,620	)		49,249

Notes:

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

2. The aggregated amounts of operating income 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 revenues are recorded at arm’s length prices.

2) Geographic information


Information for revenues from external customers by destinations	(In millions of yen)
	Six months ended Sep. 30, 2012		Six months ended Sep. 30, 2011
Japan		246,196		229,284
North America		120,899		102,058
Europe		62,068		48,159
Asia Outside Japan		98,525		86,702
Other Areas		18,785		15,510

Total		546,473		481,713

Notes:

1. Revenues from North America include those from the United States of ¥101,876 million and ¥87,507 million for the six months ended September 30, 2012 and 2011, respectively.

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

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Kubota Corporation

and Subsidiaries

(7) Consolidated statements of changes in equity


	(In millions of yen)
	Shares of common stock outstanding (thousands)			Kubota Corporation shareholders’ equity															Non- controlling interests			Total equity
	Shares of common stock outstanding (thousands)			Common stock		Capital surplus		Legal reserve		Retained earnings			Accumulated other comprehensive loss			Treasury stock			Non- controlling interests			Total equity
Balance at March 31, 2012		1,255,984			84,070		88,834		19,539		560,710			(80,542	)		(19,328	)		53,931			707,214

Net income											30,632									3,392			34,024
Other comprehensive income (loss)														(5,819	)					562			(5,257	)
Cash dividends paid to Kubota Corporation shareholders, ¥8 per common share											(10,051	)											(10,051	)
Cash dividends paid to noncontrolling interests																				(371	)		(371	)
Purchases and sales of treasury stock		(55	)														(26	)					(26	)
Increase in noncontrolling interests related to contribution																				301			301
Changes in ownership interests in subsidiaries							407							(75	)					(5,366	)		(5,034	)

Balance at September 30, 2012		1,255,929			84,070		89,241		19,539		581,291			(86,436	)		(19,354	)		52,449			720,800

-12-

Kubota Corporation

and Subsidiaries

(8) Consolidated revenues by reporting segments


	(In millions of yen)
	Six months ended Sep. 30, 2012				Six months ended Sep. 30, 2011				Change						Year ended Mar. 31, 2012
	Amount		%		Amount		%		Amount			%			Amount		%
Farm Equipment and Engines		365,535		66.9		311,909		64.8		53,626			17.2			619,989		61.5
Domestic		121,042				110,307				10,735			9.7			208,353
Overseas		244,493				201,602				42,891			21.3			411,636
Construction Machinery		53,940		9.9		49,751		10.3		4,189			8.4			93,954		9.3
Domestic		14,163				11,377				2,786			24.5			27,083
Overseas		39,777				38,374				1,403			3.7			66,871
Farm & Industrial Machinery		419,475		76.8		361,660		75.1		57,815			16.0			713,943		70.8
Domestic		135,205		24.8		121,684		25.3		13,521			11.1			235,436		23.3
Overseas		284,270		52.0		239,976		49.8		44,294			18.5			478,507		47.5
Pipe-Related Products		58,918		10.8		58,048		12.0		870			1.5			142,466		14.1
Domestic		54,019				54,556				(537	)		(1.0	)		131,706
Overseas		4,899				3,492				1,407			40.3			10,760
Environment-Related Products		19,896		3.6		18,210		3.8		1,686			9.3			56,045		5.6
Domestic		19,059				16,940				2,119			12.5			52,907
Overseas		837				1,270				(433	)		(34.1	)		3,138
Social Infrastructure-Related Products		32,979		6.0		30,603		6.4		2,376			7.8			64,775		6.4
Domestic		23,458				23,099				359			1.6			48,065
Overseas		9,521				7,504				2,017			26.9			16,710
Water & Environment		111,793		20.4		106,861		22.2		4,932			4.6			263,286		26.1
Domestic		96,536		17.6		94,595		19.6		1,941			2.1			232,678		23.1
Overseas		15,257		2.8		12,266		2.6		2,991			24.4			30,608		3.0
Other		15,205		2.8		13,192		2.7		2,013			15.3			30,790		3.1
Domestic		14,455		2.7		13,005		2.7		1,450			11.1			30,570		3.1
Overseas		750		0.1		187		0.0		563			301.1			220		0.0
Total		546,473		100.0		481,713		100.0		64,760			13.4			1,008,019		100.0
Domestic		246,196		45.1		229,284		47.6		16,912			7.4			498,684		49.5
Overseas		300,277		54.9		252,429		52.4		47,848			19.0			509,335		50.5

-13-

Kubota Corporation

and Subsidiaries

(9) Anticipated consolidated revenues by reporting segments


	(In billions of yen)
	Year ending Mar. 31, 2013				Year ended Mar. 31, 2012				Change
	Amount		%		Amount		%		Amount		%
Domestic		250.0				235.4				14.6		6.2
Overseas		575.0				478.5				96.5		20.2
Farm & Industrial Machinery		825.0		71.8		713.9		70.8		111.1		15.6
Domestic		251.0				232.7				18.3		7.9
Overseas		39.0				30.6				8.4		27.5
Water & Environment		290.0		25.2		263.3		26.1		26.7		10.1
Domestic		32.0				30.6				1.4		4.6
Overseas		3.0				0.2				2.8		1,400.0
Other		35.0		3.0		30.8		3.1		4.2		13.6
Total		1,150.0		100.0		1,008.0		100.0		142.0		14.1

Domestic		533.0		46.3		498.7		49.5		34.3		6.9
Overseas		617.0		53.7		509.3		50.5		107.7		21.1

-14-

Kubota Corporation

and Subsidiaries

4. The results of operations for the three months ended September 30, 2012

(1) Consolidated statements of income


	(In millions of yen)
	Three months ended Sep. 30, 2012					Three months ended Sep. 30, 2011					Change
	Amount			%		Amount			%		Amount			%

Revenues		306,004			100.0		266,631			100.0		39,373			14.8
Cost of revenues		221,814			72.5		196,054			73.5		25,760			13.1
Selling, general, and administrative expenses		52,468			17.2		42,719			16.0		9,749			22.8
Other operating expenses		99			0.0		519			0.2		(420	)		(80.9	)

Operating income		31,623			10.3		27,339			10.3		4,284			15.7

Other income (expenses):
Interest and dividend income		435					462					(27	)
Interest expense		(85	)				(398	)				313
Gain on sales of securities-net		(3	)				—					(3	)
Valuation loss on other investments		(285	)				(1,399	)				1,114
Foreign exchange loss-net		(3,240	)				(6,107	)				2,867
Other-net		1,490					1,464					26

Other income (expenses), net		(1,688	)				(5,978	)				4,290


Income before income taxes and equity in net income of affiliated companies		29,935			9.8		21,361			8.0		8,574			40.1

Income taxes		11,020					8,431					2,589

Equity in net income of affiliated companies		843					948					(105	)


Net income		19,758			6.5		13,878			5.2		5,880			42.4

Less: Net income attributable to noncontrolling interests		1,961					1,151					810


Net income attributable to Kubota Corporation		17,797			5.8		12,727			4.8		5,070			39.8


Net income attributable to Kubota Corporation per common share

	(In yen)

Basic		14.17					10.05

-15-

Kubota Corporation

and Subsidiaries

(2) Consolidated segment information

a) Reporting segments


Three months ended Sep. 30, 2012	(In millions of yen)
	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
Revenues
External customers		233,956		63,927		8,121		—			306,004
Intersegment		16		1,574		4,962		(6,552	)		—

Total		233,972		65,501		13,083		(6,552	)		306,004

Operating income		33,138		2,944		410		(4,869	)		31,623


Three months ended Sep. 30, 2011	(In millions of yen)
	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
Revenues
External customers		198,144		61,620		6,867		—			266,631
Intersegment		14		936		4,673		(5,623	)		—

Total		198,158		62,556		11,540		(5,623	)		266,631

Operating income		28,183		3,295		402		(4,541	)		27,339

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 destinations	(In millions of yen)
	Three months ended Sep. 30, 2012		Three months ended Sep. 30, 2011
Japan		137,181		129,490
North America		67,969		55,213
Europe		32,254		24,901
Asia Outside Japan		56,919		48,766
Other Areas		11,681		8,261

Total		306,004		266,631

Notes:

1. Revenues from North America include those from the United States of ¥58,469 million and ¥48,268 million for the three months ended September 30, 2012 and 2011, respectively.

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

-16-

Kubota Corporation

and Subsidiaries

(3) Consolidated revenues by reporting segments


	(In millions of yen)
	Three months ended Sep. 30, 2012				Three months ended Sep. 30, 2011				Change
	Amount		%		Amount		%		Amount			%
Farm Equipment and Engines		206,816		67.6		171,734		64.4		35,082			20.4
Domestic		68,069				61,291				6,778			11.1
Overseas		138,747				110,443				28,304			25.6
Construction Machinery		27,140		8.9		26,410		9.9		730			2.8
Domestic		7,395				6,634				761			11.5
Overseas		19,745				19,776				(31	)		(0.2	)
Farm & Industrial Machinery		233,956		76.5		198,144		74.3		35,812			18.1
Domestic		75,464		24.7		67,925		25.5		7,539			11.1
Overseas		158,492		51.8		130,219		48.8		28,273			21.7
Pipe-Related Products		35,474		11.6		35,181		13.2		293			0.8
Domestic		31,634				32,801				(1,167	)		(3.6	)
Overseas		3,840				2,380				1,460			61.3
Environment-Related Products		11,165		3.6		10,358		3.9		807			7.8
Domestic		10,559				9,878				681			6.9
Overseas		606				480				126			26.3
Social Infrastructure-Related Products		17,288		5.7		16,081		6.0		1,207			7.5
Domestic		11,886				12,083				(197	)		(1.6	)
Overseas		5,402				3,998				1,404			35.1
Water & Environment		63,927		20.9		61,620		23.1		2,307			3.7
Domestic		54,079		17.7		54,762		20.5		(683	)		(1.2	)
Overseas		9,848		3.2		6,858		2.6		2,990			43.6
Other		8,121		2.6		6,867		2.6		1,254			18.3
Domestic		7,638		2.4		6,803		2.6		835			12.3
Overseas		483		0.2		64		0.0		419			654.7
Total		306,004		100.0		266,631		100.0		39,373			14.8
Domestic		137,181		44.8		129,490		48.6		7,691			5.9
Overseas		168,823		55.2		137,141		51.4		31,682			23.1

-17-

November 2, 2012

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 of interim dividend

Please be advised that Kubota Corporation (hereinafter “the Company”) resolved at the Board of Directors’ Meeting held on November 2, 2012 that the Company would pay interim dividend the record date of which was September 30, 2012.

1. Details of interim dividend


	Interim dividend of this fiscal year	Latest forecast (Released on August 2, 2012)	Interim dividend of the prior year
Record date	September 30, 2012	September 30, 2012	September 30, 2011
Dividend per common share	¥8	To be determined	¥7
Amount of dividend	¥10,050 million	—	¥8,794 million
Date of payment	December 3, 2012	—	December 2, 2011
Resource of interim dividend	Retained earnings	—	Retained earnings

2. Reasons for interim dividend amount

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.

The Company declared the annual dividend of ¥15 per common share in the prior year, which was ¥1 higher than the preceding year, with the interim dividend of ¥7 and the year-end dividend of ¥8. Considering the basic policy and the Company’s current business performance, the Company decided to pay ¥8 per common share as the interim dividend of this fiscal year, which would be ¥1 higher than in the prior year.

(Reference)


	(per common share)
	Interim dividend	Year-end dividend	Total
This fiscal year (Year ending March 31, 2013)	¥8	To be determined	To be determined
The prior year (Year ended March 31, 2012)	¥7	¥8	¥15

< 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: November 2, 2012	By:	/s/ Yoshiyuki Fujita
	Name:	Yoshiyuki Fujita
	Title:	Executive Officer
		General Manager of
		Global Management Promotion Department

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