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Kubota (6326) investor relations material
Kubota Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Major shift toward capital efficiency, with a focus on improving balance sheet and cash flow through retail finance review in North America.
Revenue increased by 0.1% year-over-year to 3,018.9 billion yen, driven by domestic growth but offset by overseas declines.
Operating profit fell 15.9% to 265.5 billion yen due to higher US tariffs, lower Farm & Industrial Machinery sales, and a weaker sales mix.
Profit attributable to owners of the parent dropped 19.0% to 186.7 billion yen.
Management emphasizes sustainable growth, capital efficiency, and ongoing financial reforms.
Financial highlights
FY 2025 revenue was 3,018.9 billion yen, up 0.1% year-over-year; operating profit declined 15.9% to 265.5 billion yen.
Domestic revenue rose 8.3% to 685.2 billion yen, while overseas revenue declined 2.1% to 2,333.7 billion yen.
Free cash flow (FCF) increased significantly to 164.2 billion yen, up 91.0 billion yen year-over-year.
Net cash provided by operating activities increased to 327.9 billion yen, up 45.8 billion yen from the prior year.
Earnings per share (basic) decreased to 163.44 yen from 197.61 year-over-year.
Outlook and guidance
FY 2026 revenue forecast at 3,150.0 billion yen (+4.3%), operating profit at 300.0 billion yen (+13.0%), and profit attributable to owners at 210.0 billion yen (+12.5%).
Operating margin expected to rise to 9.5% (+0.7 pts YoY); FCF forecast at 170.0 billion yen.
Growth is expected in both Farm & Industrial Machinery (overseas recovery) and Water & Environment segments.
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