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 February 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 nine months ended December 31, 2012 (Wednesday, February 6, 2013)

2.	Notice of the forecast of year-end dividend for the year ending March 31, 2013 (Wednesday, February 6, 2013)

3.	Notice of changes of management (Wednesday, February 6, 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 (WEDNESDAY, FEBRUARY 6, 2013)

RESULTS OF OPERATIONS FOR THE NINE MONTHS ENDED

DECEMBER 31, 2012 REPORTED BY KUBOTA CORPORATION

OSAKA, JAPAN, February 6, 2013 — Kubota Corporation reported its consolidated results for the nine months ended December 31, 2012 today.

Consolidated Financial Highlights

1. Consolidated results of operations for the nine months ended December 31, 2012


(1) Results of operations	(In millions of yen except per common share amounts)
	Nine months ended Dec. 31, 2012		Change [%]		Nine months ended Dec. 31, 2011		Change [%]
Revenues	¥	826,393		13.1	¥	730,562		7.4
Operating income	¥	78,157		1.7	¥	76,831		11.4
Income before income taxes and equity in net income of affiliated companies	¥	82,696		14.9	¥	71,984		(0.3	)
Net income attributable to Kubota Corporation	¥	49,656		16.0	¥	42,798		(2.9	)
Net income attributable to Kubota Corporation per common share
Basic	¥	39.54			¥	33.84
Diluted		—				—

Notes :

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

Comprehensive income for the nine months ended December 31, 2012 and 2011 were ¥59,959 million [152.7%] and ¥23,730 million [(14.4%)], respectively.


(2) Financial position	(In millions of yen)
	Dec. 31, 2012			Mar. 31, 2012
Total assets	¥	1,577,443		¥	1,487,669
Equity	¥	741,799		¥	707,214
Kubota Corporation shareholders’ equity	¥	687,873		¥	653,283
Ratio of Kubota Corporation shareholders’ equity to total assets		43.6	%		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	¥	9.00	¥	17.00
		(paid)		(forecast)

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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	¥	1,160,000		15.1
Operating income	¥	107,000		1.2
Income before income taxes and equity in net income of affiliated companies	¥	110,000		9.0
Net income attributable to Kubota Corporation	¥	68,000		10.5
Net income attributable to Kubota Corporation per common share	¥	54.14

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 December 31, 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 December 31, 2012	:	29,993,291
	Number of treasury stock as of March 31, 2012	:	29,935,508
	Weighted average number of shares outstanding during the nine months ended December 31, 2012	:	1,255,954,268
	Weighted average number of shares outstanding during the nine months ended December 31, 2011	:	1,264,696,208

(*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 nine months ended December 31, 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 nine 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)	Subsequent events	12

	(9)	Consolidated revenues by reporting segments	13

	(10)	Anticipated consolidated revenues by reporting segments	14

4.	The results of operations for the three months ended December 31, 2012		15

	(1)	Consolidated statements of income	15

	(2)	Consolidated segment information	16

	(3)	Consolidated revenues by reporting segments	17

-3-

Kubota Corporation

and Subsidiaries

1. Review of operations and financial condition

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

For the nine months ended December 31, 2012, revenues of Kubota Corporation and subsidiaries (hereinafter, the “Company”) increased by ¥95.8 billion [13.1 %], to ¥826.4 billion, from the corresponding period in the prior year.

Domestic revenues rose by ¥30.1 billion [8.5 %], to ¥381.9 billion. All reporting segments, which are Farm & Industrial Machinery, Water & Environment, and Other, recorded increases in domestic revenues.

Overseas revenues expanded also in all reporting segments and increased by ¥65.8 billion [17.4 %], to ¥444.5 billion.

Operating income increased by ¥1.3 billion [1.7 %], to ¥78.2 billion, from the corresponding period in the prior year. The effect of increased revenues exceeded the negative impact of yen appreciation and higher pension costs. Income before income taxes and equity in net income of affiliated companies increased by ¥10.7 billion [14.9 %], to ¥82.7 billion, due to the considerable improvement in the foreign exchange gain (loss)-net account. Income taxes were ¥30.2 billion and net income rose by ¥7.6 billion [16.4 %], to ¥54.3 billion. Net income attributable to Kubota Corporation increased by ¥6.9 billion [16.0 %], to ¥49.7 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 by 15.3 %, to ¥618.9 billion, from the corresponding period in the prior year and accounted for 74.9 % of consolidated revenues.

Domestic revenues grew by 12.0 %, to ¥198.9 billion. Sales of farm equipment increased due to higher rice prices, the government’s subsidies for farmers, and rebound of sales in the Tohoku area from stagnation in the prior year. Sales of construction machinery and engines also rose substantially due to the demand for reconstruction work following the Great East Japan Earthquake.

Overseas revenues increased by 17.0 %, to ¥420.0 billion. In North America, sales of tractors rose because of favorable demand trends. Sales of construction machinery increased substantially due to the growth in replacement demand from rental companies, and sales of engines also expanded steadily. Revenues in Europe increased significantly due to the effect of the tractor implement business acquisition in the prior fiscal year, while sales of tractors and construction machinery decreased and sales of engines were at almost the same level as in the corresponding period in the prior year due to the letup in demand resulting from the economic downturn and the negative impact of yen appreciation. Revenues in Asia outside Japan increased. Sales of construction machinery decreased due to a significant decline in demand in China, and sales of engines decreased owing to the reduction in output caused by the aftermath of the Thailand Floods. However, increases in revenues exceeded these declines due to the strong sales of tractors in Thailand and other countries and higher sales of combine harvesters and rice transplanters.

Operating income in Farm & Industrial Machinery was ¥78.7 billion, the same level as in the corresponding period in the prior year, as the increase in revenue offset the negative impact of yen appreciation and an increase in costs due to the business expansion.

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, electronic weighing equipment & systems, air-conditioning equipment, and other products).

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Kubota Corporation

and Subsidiaries

Revenues in this segment increased by 6.0 %, to ¥184.3 billion, from the corresponding period in the prior year and accounted for 22.3 % of consolidated revenues.

Domestic revenues grew by 4.6 %, to ¥161.5 billion. Revenues in pipe-related products slightly increased as sales of ductile iron pipes and plastic pipes rose, while sales of pumps and valves decreased. Revenues in environment-related products posted a major gain, owing to higher sales of water and sewage treatment equipment and plants. Revenues in social infrastructure-related products were at the same level as in the corresponding period of the prior year.

Overseas revenues rose by 17.8 %, to ¥22.8 billion. Revenues in environment-related products decreased. However, revenues in pipe-related products increased substantially due to sales growth of ductile iron pipes, and revenues in social infrastructure-related products also increased due to the higher sales of industrial castings.

Operating income in Water & Environment rose by 39.6 %, to ¥13.0 billion, mainly due to the increase in revenues.

3) Other

Other comprises construction, services, and other businesses.

Revenues in this segment increased by 15.4 %, to ¥23.2 billion from the corresponding period in the prior year and accounted for 2.8 % of consolidated revenues. Construction, services and other businesses all reported sales growth.

Operating income in Other decreased by 18.3 %, to ¥1.3 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 December 2012 amounted to ¥1,577.4 billion, an increase of ¥89.8 billion from the end of March 2012. Among assets, notes and accounts receivable, inventories and short- and long-term finance receivables rose due to the increased revenues.

Among liabilities, notes and accounts payable increased. Additionally, short-term borrowings and long-term debt increased owing to the expansion of the Company’s sales finance business. Net assets increased because of the accumulation of retained earnings and a favorable change in accumulated other comprehensive loss. The shareholders’ equity ratio was 43.6 %, 0.3 percentage points lower than at the prior fiscal year-end.

2) Cash flows

Net cash provided by operating activities during the nine months under review was ¥23.2 billion, a decrease of ¥35.6 billion in cash inflow from the corresponding period in the prior year. This decrease was mainly due to the changes in working capital, such as inventories and trade notes and accounts payable, and a decrease in income taxes payable, while net income increased.

Net cash used in investing activities was ¥41.8 billion, a decrease of ¥4.5 billion in cash outflow from the corresponding period in the prior year. This decrease was mainly due to the shrinkage of incremental amount in finance receivables and a decrease in short-term loan receivables from affiliated companies, which were partially offset by an increase in cash outflow for purchases of fixed assets.

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Kubota Corporation

and Subsidiaries

Net cash provided by financing activities was ¥17.5 billion, an increase of ¥30.6 billion in cash inflow from the corresponding period in 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.

As a result, after taking account of the effects of fluctuations in exchange rates, cash and cash equivalents at the end of December 2012 were ¥98.9 billion, a decrease of ¥1.7 billion from the beginning of the period.

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

The Company revised its forecasts of revenues for the year ending March 31, 2013, upward to ¥1,160.0 billion, an increase of ¥10.0 billion from the previous forecast on May 10, 2012, since revenues in Farm & Industrial Machinery are now expected to increase from the previous forecast.

Operating income was also revised to ¥107.0 billion, an increase of ¥2.0 billion from the previous forecast, in view of the steady results achieved in the period under review and the recent foreign exchange rate. Income before income taxes and equity in net income of affiliated companies and net income attributable to Kubota Corporation were also revised to ¥110.0 billion, an increase of ¥5.0 billion, and ¥68.0 billion, an increase of ¥3.0 billion, respectively, compared with the previous forecast.

These forecasts are based on the assumption of exchange rates of ¥80=US$1 and ¥103=€1.


	(In millions of yen)
	Previous Forecasts on May 10, 2012		Revised Forecasts		Change				Prior year (Year ended March 31, 2012)
Revenues		1,150,000		1,160,000		10,000	0.9	%		1,008,019
Operating income		105,000		107,000		2,000	1.9	%		105,680
Income before income taxes and equity in net income of affiliated companies		105,000		110,000		5,000	4.8	%		100,938
Net income attributable to Kubota Corporation		65,000		68,000		3,000	4.6	%		61,552

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

-6-

Kubota Corporation

and Subsidiaries

3. Consolidated financial statements

(1) Consolidated balance sheets


Assets	(In millions of yen)
	Dec. 31, 2012					Mar. 31, 2012					Change			Dec. 31, 2011
	Amount			%		Amount			%		Amount			Amount			%
Current assets:
Cash and cash equivalents		98,865					100,559					(1,694	)		103,267
Notes and accounts receivable		397,118					390,760					6,358			356,171
Short-term finance receivables-net		116,061					108,160					7,901			103,112
Inventories		248,644					202,070					46,574			203,359
Other current assets		67,131					64,463					2,668			61,933

Total current assets		927,819			58.8		866,012			58.2		61,807			827,842			59.6

Investments and long-term finance receivables		341,559			21.7		323,948			21.8		17,611			305,412			22.0

Property, plant, and equipment		235,463			14.9		225,067			15.1		10,396			208,506			15.0

Other assets		72,602			4.6		72,642			4.9		(40	)		48,062			3.4

Total		1,577,443			100.0		1,487,669			100.0		89,774			1,389,822			100.0


Liabilities and Equity	(In millions of yen)
	Dec. 31, 2012					Mar. 31, 2012					Change			Dec. 31, 2011
	Amount			%		Amount			%		Amount			Amount			%
Current liabilities:
Short-term borrowings		108,929					69,623					39,306			75,759
Notes and accounts payable		235,561					215,977					19,584			211,847
Other current liabilities		134,828					143,173					(8,345	)		111,893
Current portion of long-term debt		94,806					107,210					(12,404	)		64,879

Total current liabilities		574,124			36.4		535,983			36.0		38,141			464,378			33.4

Long-term liabilities:
Long-term debt		201,457					184,402					17,055			209,986
Accrued retirement and pension costs		35,378					41,882					(6,504	)		28,781
Other long-term liabilities		24,685					18,188					6,497			10,213

Total long-term liabilities		261,520			16.6		244,472			16.4		17,048			248,980			17.9

Equity:
Kubota Corporation shareholders’ equity:
Common stock		84,070					84,070					—			84,070
Capital surplus		89,361					88,834					527			88,462
Legal reserve		19,539					19,539					—			19,539
Retained earnings		590,264					560,710					29,554			541,956
Accumulated other comprehensive loss		(76,003	)				(80,542	)				4,539			(85,616	)
Treasury stock		(19,358	)				(19,328	)				(30	)		(19,350	)

Total Kubota Corporation shareholders’ equity		687,873			43.6		653,283			43.9		34,590			629,061			45.3
Noncontrolling interests		53,926			3.4		53,931			3.7		(5	)		47,403			3.4

Total equity		741,799			47.0		707,214			47.6		34,585			676,464			48.7

Total		1,577,443			100.0		1,487,669			100.0		89,774			1,389,822			100.0

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Kubota Corporation

and Subsidiaries

(2) Consolidated statements of income


	(In millions of yen)
	Nine months ended Dec. 31, 2012					Nine months ended Dec. 31, 2011					Change						Year ended Mar. 31, 2012
	Amount			%		Amount			%		Amount			%			Amount			%
Revenues		826,393			100.0		730,562			100.0		95,831			13.1			1,008,019			100.0
Cost of revenues		599,886			72.6		531,309			72.7		68,577			12.9			735,836			73.0
Selling, general, and administrative expenses		147,690			17.8		121,050			16.6		26,640			22.0			170,252			16.9
Other operating expenses (income)		660			0.1		1,372			0.2		(712	)		(51.9	)		(3,749	)		(0.4	)

Operating income		78,157			9.5		76,831			10.5		1,326			1.7			105,680			10.5

Other income (expenses):
Interest and dividend income		3,186					3,201					(15	)					3,760
Interest expense		(740	)				(1,071	)				331						(1,892	)
Gain (loss) on sales of securities-net		126					(1	)				127						105
Valuation loss on other investments		(336	)				(1,491	)				1,155						(2,570	)
Foreign exchange gain (loss)-net		4,228					(8,802	)				13,030						(7,609	)
Other-net		(1,925	)				3,317					(5,242	)					3,464

Other income (expenses), net		4,539					(4,847	)				9,386						(4,742	)


Income before income taxes and equity in net income of affiliated companies		82,696			10.0		71,984			9.9		10,712			14.9			100,938			10.0

Income taxes		30,176					27,403					2,773						36,548

Equity in net income of affiliated companies		1,774					2,073					(299	)					1,629


Net income		54,294			6.6		46,654			6.4		7,640			16.4			66,019			6.5

Less: Net income attributable to noncontrolling interests		4,638					3,856					782						4,467

Net income attributable to Kubota Corporation		49,656			6.0		42,798			5.9		6,858			16.0			61,552			6.1


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

Basic		39.54					33.84											48.75

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Kubota Corporation

and Subsidiaries

(3) Consolidated statements of comprehensive income


	(In millions of yen)
	Nine months ended Dec. 31, 2012		Nine months ended Dec. 31, 2011			Change
Net income		54,294		46,654			7,640

Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		948		(14,977	)		15,925
Unrealized gains (losses) on securities		2,145		(8,447	)		10,592
Unrealized gains on derivatives		172		551			(379	)
Pension liability adjustments		2,400		(51	)		2,451

Other comprehensive income (loss)		5,665		(22,924	)		28,589

Comprehensive income		59,959		23,730			36,229
Less: Comprehensive income attributable to noncontrolling interests		5,594		1,123			4,471

Comprehensive income attributable to Kubota Corporation		54,365		22,607			31,758

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Kubota Corporation

and Subsidiaries

(4) Consolidated statements of cash flows


	(In millions of yen)
	Nine months ended Dec. 31, 2012			Nine months ended Dec. 31, 2011			Change
Operating activities:
Net income		54,294			46,654
Depreciation and amortization		20,855			17,299
(Gain) loss on sales of securities-net		(126	)		1
Valuation loss on other investments		336			1,491
Equity in net income of affiliated companies		(1,774	)		(2,073	)
Deferred income taxes		5,040			5,545
Increase in notes and accounts receivable		(4,997	)		(9,073	)
Increase in inventories		(48,931	)		(35,827	)
Increase in other current assets		(11,328	)		(15,603	)
Increase in trade notes and accounts payable		18,117			49,122
Increase (decrease) in income taxes payable		(8,060	)		3,713
Increase in other current liabilities		17			1,362
Decrease in accrued retirement and pension costs		(2,707	)		(6,537	)
Other		2,497			2,796

Net cash provided by operating activities		23,233			58,870			(35,637	)

Investing activities:
Purchases of fixed assets		(31,088	)		(15,193	)
Proceeds from sales of property, plant, and equipment		956			204
Increase in finance receivables		(124,086	)		(135,759	)
Collection of finance receivables		105,421			108,810
Net (increase) decrease in short-term loan receivables from affiliated companies		3,945			(2,990	)
Net (increase) decrease in time deposits		2,172			(3	)
Other		912			(1,316	)

Net cash used in investing activities		(41,768	)		(46,247	)		4,479

Financing activities:
Proceeds from issuance of long-term debt		70,022			80,809
Repayments of long-term debt		(56,715	)		(69,928	)
Net increase in short-term borrowings		29,449			4,900
Cash dividends		(20,102	)		(17,700	)
Purchases of treasury stock		(30	)		(10,010	)
Purchases of noncontrolling interests		(5,028	)		(861	)
Other		(87	)		(265	)

Net cash provided by (used in) financing activities		17,509			(13,055	)		30,564

Effect of exchange rate changes on cash and cash equivalents		(668	)		(1,594	)		926

Net decrease in cash and cash equivalents		(1,694	)		(2,026	)
Cash and cash equivalents, beginning of period		100,559			105,293

Cash and cash equivalents, end of period		98,865			103,267			(4,402	)

(5) Notes to assumption for going concern

None

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Kubota Corporation

and Subsidiaries

(6) Consolidated segment information

1) Reporting segments


Nine months ended Dec. 31, 2012	(In millions of yen)
	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
Revenues
External customers		618,888		184,281		23,224		—			826,393
Intersegment		44		3,480		13,155		(16,679	)		—

Total		618,932		187,761		36,379		(16,679	)		826,393

Operating income		78,722		13,040		1,254		(14,859	)		78,157


Nine months ended Dec. 31, 2011	(In millions of yen)
	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
Revenues
External customers		536,637		173,804		20,121		—			730,562
Intersegment		41		2,515		14,129		(16,685	)		—

Total		536,678		176,319		34,250		(16,685	)		730,562

Operating income		79,150		9,338		1,534		(13,191	)		76,831

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)
	Nine months ended Dec. 31, 2012		Nine months ended Dec. 31, 2011
Japan		381,916		351,865
North America		186,620		161,667
Europe		85,652		68,892
Asia Outside Japan		135,252		125,147
Other Areas		36,953		22,991

Total		826,393		730,562

Notes:

1. Revenues from North America include those from the United States of ¥160,114 million and ¥138,620 million for the nine months ended December 31, 2012 and 2011, respectively.

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

-11-

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											49,656									4,638			54,294
Other comprehensive income														4,709						956			5,665
Cash dividends paid to Kubota Corporation shareholders, ¥16 per common share											(20,102	)											(20,102	)
Cash dividends paid to noncontrolling interests																				(397	)		(397	)
Purchases and sales of treasury stock		(58	)														(30	)					(30	)
Increase in noncontrolling interests related to contribution																				301			301
Changes in ownership interests in subsidiaries							527							(170	)					(5,503	)		(5,146	)

Balance at December 31, 2012		1,255,926			84,070		89,361		19,539		590,264			(76,003	)		(19,358	)		53,926			741,799

(8) Subsequent events

Based on a resolution of the Board of Directors’ Meeting held on December 19, 2012, the Company issued its 12th and 13th Series Unsecured Straight Bonds in Japan as detailed below.

12th Series Unsecured Straight Bonds

(1)

Total amount of issue

¥20 billion

(2)

Interest rate

0.299% per annum

(3)

Issue price

¥100 per face value ¥100

(4)

Term and method of redemption

The principal of the bonds shall be redeemed in a lump sum on January 31, 2018.

(5)

Date of issuance

January 31, 2013

(6)

Purpose of issuance

To redeem the corporate bonds and repay short-term debts

13th Series Unsecured Straight Bonds

(1)

Total amount of issue

¥20 billion

(2)

Interest rate

0.510% per annum

(3)

Issue price

¥100 per face value ¥100

(4)

Term and method of redemption

The principal of the bonds shall be redeemed in a lump sum on January 31, 2020.

(5)

Date of issuance

January 31, 2013

(6)

Purpose of issuance

To redeem the corporate bonds and repay short-term debts

-12-

Kubota Corporation

and Subsidiaries

(9) Consolidated revenues by reporting segments


	(In millions of yen)
	Nine months ended Dec. 31, 2012				Nine months ended Dec. 31, 2011				Change						Year ended Mar. 31, 2012
	Amount		%		Amount		%		Amount			%			Amount		%
Farm Equipment and Engines		538,203		65.1		461,772		63.2		76,431			16.6			619,989		61.5
Domestic		174,076				157,139				16,937			10.8			208,353
Overseas		364,127				304,633				59,494			19.5			411,636
Construction Machinery		80,685		9.8		74,865		10.3		5,820			7.8			93,954		9.3
Domestic		24,820				20,389				4,431			21.7			27,083
Overseas		55,865				54,476				1,389			2.5			66,871
Farm & Industrial Machinery		618,888		74.9		536,637		73.5		82,251			15.3			713,943		70.8
Domestic		198,896		24.1		177,528		24.3		21,368			12.0			235,436		23.3
Overseas		419,992		50.8		359,109		49.2		60,883			17.0			478,507		47.5
Pipe-Related Products		100,285		12.1		97,696		13.4		2,589			2.7			142,466		14.1
Domestic		92,823				92,274				549			0.6			131,706
Overseas		7,462				5,422				2,040			37.6			10,760
Environment-Related Products		35,253		4.3		29,095		4.0		6,158			21.2			56,045		5.6
Domestic		33,586				26,960				6,626			24.6			52,907
Overseas		1,667				2,135				(468	)		(21.9	)		3,138
Social Infrastructure-Related Products		48,743		5.9		47,013		6.4		1,730			3.7			64,775		6.4
Domestic		35,048				35,187				(139	)		(0.4	)		48,065
Overseas		13,695				11,826				1,869			15.8			16,710
Water & Environment		184,281		22.3		173,804		23.8		10,477			6.0			263,286		26.1
Domestic		161,457		19.5		154,421		21.1		7,036			4.6			232,678		23.1
Overseas		22,824		2.8		19,383		2.7		3,441			17.8			30,608		3.0
Other		23,224		2.8		20,121		2.7		3,103			15.4			30,790		3.1
Domestic		21,563		2.6		19,916		2.7		1,647			8.3			30,570		3.1
Overseas		1,661		0.2		205		0.0		1,456			710.2			220		0.0
Total		826,393		100.0		730,562		100.0		95,831			13.1			1,008,019		100.0
Domestic		381,916		46.2		351,865		48.1		30,051			8.5			498,684		49.5
Overseas		444,477		53.8		378,697		51.9		65,780			17.4			509,335		50.5

-13-

Kubota Corporation

and Subsidiaries

(10) 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		257.0				235.4				21.6		9.2
Overseas		581.0				478.5				102.5		21.4
Farm & Industrial Machinery		838.0		72.3		713.9		70.8		124.1		17.4
Domestic		250.0				232.7				17.3		7.4
Overseas		37.0				30.6				6.4		20.9
Water & Environment		287.0		24.7		263.3		26.1		23.7		9.0
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		1,160.0		100.0		1,008.0		100.0		152.0		15.1

Domestic		539.0		46.5		498.7		49.5		40.3		8.1
Overseas		621.0		53.5		509.3		50.5		111.7		21.9

-14-

Kubota Corporation

and Subsidiaries

4. The results of operations for the three months ended December 31, 2012

(1) Consolidated statements of income


	(In millions of yen)
	Three months ended Dec. 31, 2012					Three months ended Dec. 31, 2011					Change
	Amount			%		Amount			%		Amount			%
Revenues		279,920			100.0		248,849			100.0		31,071			12.5
Cost of revenues		202,150			72.2		180,201			72.4		21,949			12.2
Selling, general, and administrative expenses		53,194			19.0		40,823			16.4		12,371			30.3
Other operating expenses		54			0.0		243			0.1		(189	)		(77.8	)

Operating income		24,522			8.8		27,582			11.1		(3,060	)		(11.1	)

Other income (expenses):
Interest and dividend income		1,419					1,229					190
Interest expense		(223	)				(300	)				77
Loss on sales of securities-net		(2	)				(1	)				(1	)
Valuation loss on other investments		(46	)				(87	)				41
Foreign exchange gain (loss)-net		5,854					(2,267	)				8,121
Other-net		(805	)				1,461					(2,266	)

Other income (expenses), net		6,197					35					6,162


Income before income taxes and equity in net income of affiliated companies		30,719			11.0		27,617			11.1		3,102			11.2

Income taxes		11,174					10,754					420

Equity in net income of affiliated companies		725					893					(168	)


Net income		20,270			7.2		17,756			7.1		2,514			14.2

Less: Net income attributable to noncontrolling interests		1,246					1,296					(50	)

Net income attributable to Kubota Corporation		19,024			6.8		16,460			6.6		2,564			15.6


Net income attributable to Kubota Corporation per common share

	(In yen)

Basic		15.15					13.11

-15-

Kubota Corporation

and Subsidiaries

(2) Consolidated segment information

a) Reporting segments


Three months ended Dec. 31, 2012	(In millions of yen)
	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
Revenues
External customers		199,413		72,488		8,019		—			279,920
Intersegment		14		1,049		4,276		(5,339	)		—

Total		199,427		73,537		12,295		(5,339	)		279,920

Operating income		21,412		7,369		606		(4,865	)		24,522


Three months ended Dec. 31, 2011	(In millions of yen)
	Farm & Industrial Machinery		Water & Environment		Other		Adjustments			Consolidated
Revenues
External customers		174,977		66,943		6,929		—			248,849
Intersegment		15		887		5,144		(6,046	)		—

Total		174,992		67,830		12,073		(6,046	)		248,849

Operating income		26,692		4,761		700		(4,571	)		27,582

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 Dec. 31, 2012		Three months ended Dec. 31, 2011
Japan		135,720		122,581
North America		65,721		59,609
Europe		23,584		20,733
Asia Outside Japan		36,727		38,445
Other Areas		18,168		7,481

Total		279,920		248,849

Notes:

1. Revenues from North America include those from the United States of ¥58,238 million and ¥51,113 million for the three months ended December 31, 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 Dec. 31, 2012				Three months ended Dec. 31, 2011				Change
	Amount		%		Amount		%		Amount			%
Farm Equipment and Engines		172,668		61.7		149,863		60.2		22,805			15.2
Domestic		53,034				46,832				6,202			13.2
Overseas		119,634				103,031				16,603			16.1
Construction Machinery		26,745		9.5		25,114		10.1		1,631			6.5
Domestic		10,657				9,012				1,645			18.3
Overseas		16,088				16,102				(14	)		(0.1	)
Farm & Industrial Machinery		199,413		71.2		174,977		70.3		24,436			14.0
Domestic		63,691		22.7		55,844		22.4		7,847			14.1
Overseas		135,722		48.5		119,133		47.9		16,589			13.9
Pipe-Related Products		41,367		14.8		39,648		15.9		1,719			4.3
Domestic		38,804				37,718				1,086			2.9
Overseas		2,563				1,930				633			32.8
Environment-Related Products		15,357		5.5		10,885		4.4		4,472			41.1
Domestic		14,527				10,020				4,507			45.0
Overseas		830				865				(35	)		(4.0	)
Social Infrastructure-Related Products		15,764		5.6		16,410		6.6		(646	)		(3.9	)
Domestic		11,590				12,088				(498	)		(4.1	)
Overseas		4,174				4,322				(148	)		(3.4	)
Water & Environment		72,488		25.9		66,943		26.9		5,545			8.3
Domestic		64,921		23.2		59,826		24.0		5,095			8.5
Overseas		7,567		2.7		7,117		2.9		450			6.3
Other		8,019		2.9		6,929		2.8		1,090			15.7
Domestic		7,108		2.6		6,911		2.8		197			2.9
Overseas		911		0.3		18		0.0		893			4,961.1
Total		279,920		100.0		248,849		100.0		31,071			12.5
Domestic		135,720		48.5		122,581		49.2		13,139			10.7
Overseas		144,200		51.5		126,268		50.8		17,932			14.2

-17-

February 6, 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 Dept.
		Planning & Control Headquarters
		Phone: +81-6-6648-2645

Notice of the forecast of year-end dividend for the year ending March 31, 2013

Please be advised that Kubota Corporation (hereinafter “the Company”) forecasts the year-end dividend per common share for the year ending March 31, 2013 as follows:


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

The Company believes returning profit to shareholders is its important mission and executes it through providing stable, sustainable cash dividends, and repurchase and retirement of its own shares.

Considering these policies of returning profit to shareholders and the Company’s current business performance, the Company intends to increase the year-end dividend per common share by ¥1 to ¥9 from previous year.

Accordingly, the annual dividends per common share for the year ending March 31, 2013 will increase ¥2 to ¥17, including the interim dividend of ¥8.

< Cautionary Statements with Respect to Forward-Looking Statements >

End of document

February 6, 2013

To whom it may concern


		Kubota Corporation
		2-47, Shikitsu-higashi 1-chome,
		Naniwa-ku, Osaka 556-8601, Japan
		Contact: IR Group
		Finance & Accounting Department
		Phone: +81-6-6648-2645

Notice of changes of management

Please be advised that the Board of Directors of Kubota Corporation (“the Company”) resolved at the Board of Directors’ Meeting held on February 6, 2013 to change Executive Officers on April 1, 2013 as follows.

1) Candidates for new Executive Officers <Date of assuming office: April 1, 2013>


Name		Current responsibility
Kazuhiro Kimura		General Manager of Electronic Equipped Machinery Planning and Sales Promotion Dept.
Dai Watanabe		Engaging in operation of Kubota Europe S.A.S.
Haruyuki Yoshida		General Manager of Farm & Industrial Machinery Planning and Control Dept.

2) Retirement of Executive Officers (Expiration of the term of office) <Date of retirement: March 31, 2012>


Name		After retirement (Date of assuming office: April 1, 2013)
Takeshi Torigoe		Chairman of Kubota Systems Inc.
Katsuyuki Iwana		Advisor of the Company
Tetsu Fukui		Chairman of Kubota Construction Co., Ltd.
Masakazu Tanaka		Chairman of Kubota Farm & Industrial Machinery Service, Ltd.

3) Change of title of Executive Officers <Date of change: April 1, 2013>


Name	Current title	New title
Toshihiro Kubo	Director and Managing Executive Officer	Director and Senior Managing Executive Officer
Shinji Sasaki	Executive Officer	Managing Executive Officer
Yuichi Kitao	Executive Officer	Managing Executive Officer

< 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.

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: February 6, 2013	By:	/s/ Yoshiyuki Fujita
	Name:	Yoshiyuki Fujita
	Title:	Executive Officer
		General Manager of
		Global Management Promotion Department

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