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Kubota (6326) investor relations material
Kubota Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M 2026 revenue rose 12.4% YoY to ¥2,478,111m; operating profit increased 40.9% to ¥302,570m, led by Farm & Industrial Machinery.
Profit attributable to owners rose 58.5% to ¥225,016m; full-year 2026 guidance remained unchanged.
Results fell short of expectations as tariff refunds arrived more slowly than expected, though operating profit grew YoY excluding FX effects.
Financial highlights
Domestic revenue rose 7.0% to ¥537,030m and overseas revenue rose 14.0% to ¥1,941,081m.
Profit before income taxes rose 39.8% to ¥318,514m; profit for the period increased 45.7% to ¥242,031m.
Comprehensive income was ¥221,210m, versus ¥80,125m a year earlier, including ¥20,821m of net other comprehensive loss.
Outlook and guidance
FY 2026 forecast unchanged: revenue ¥3,280bn, operating profit ¥400bn, pretax profit ¥417bn, owner-attributable profit ¥289bn and basic EPS ¥255.55.
Forecast assumptions were ¥157 per US dollar and ¥183 per euro; dividend forecast was ¥52 per share, including ¥26 interim, versus ¥50 total in FY 2025.
Delays make receipt of the full tariff-refund amount within FY 2026 unlikely; required procedures are complete and action from relevant authorities is pending.
Production and shipments are being adjusted to demand; production of new models in India is expected to ramp up steadily.
- FY2023 profit surged, while FY2024 guidance points to lower operating profit.6326
Q4 2023 - Double-digit revenue and profit growth, driven by machinery sales and favorable exchange rates.6326
Q2 2026 - Revenue and profit rose sharply, driven by robust machinery demand and favorable currency effects.6326
Q1 2026 - 2026 outlook projects revenue and profit growth, with improved capital efficiency and cash flow.6326
Q4 2025 - Revenue and profit fell, but free cash flow and Water & Environment segment grew strongly.6326
Q3 2025 - Profit fell sharply on weak machinery sales, but Water & Environment posted strong growth.6326
Q2 2025 - Profit and margin improved, but full-year outlook was cut on overseas and sales weakness.6326
Q3 2024 - Profit rose and guidance improved despite a lower sales outlook.6326
Q2 2024 - Revenue and profit fell sharply, with overseas machinery sales under pressure.6326
Q1 2025
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