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Kubota (6326) investor relations material
Kubota Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for the six months ended June 30, 2025, declined 7.9% year-over-year to ¥1,454.9 billion, with operating profit down 31.0% to ¥143.0 billion and profit attributable to owners of the parent down 38.7% to ¥92.5 billion.
U.S. market contracted in the first half due to recession concerns and tariffs, but conditions steadied from June.
Domestic revenue rose 8.7% to ¥332.3 billion, while overseas revenue fell 11.9% to ¥1,122.6 billion, mainly due to lower Farm & Industrial Machinery sales in North America.
Comprehensive income for the period was negative ¥19.0 billion, a sharp reversal from ¥402.2 billion in the prior year, mainly due to large exchange rate translation losses.
Business structure reform and strict inventory control are being advanced, especially in the U.S.
Financial highlights
FY 2025 2Q revenue: ¥1,454.9B, down 7.9% year-over-year; operating profit: ¥143.0B, down 31.0%.
Profit attributable to owners: ¥92.5B, down 38.7% year-over-year.
Operating profit margin fell to 9.8% from 13.1% year-over-year; net profit margin dropped to 6.4% from 9.5%.
Earnings per share (basic) decreased to ¥80.60 from ¥128.33 year-over-year.
North America revenue fell 18.4% year-over-year; Japan revenue rose 8.7%.
Outlook and guidance
Full-year 2025 revenue forecast revised downward to ¥2,880.0 billion (down 4.5–5.6% YoY); operating profit forecast: ¥220.0B, down 21.4–30.3%.
Profit attributable to owners forecast: ¥142.0B, down 27.6–38.4% year-over-year.
Excluding FX, revenue expected to decrease by ¥41.0B and operating profit by ¥67.1B.
U.S. market expected to stabilize; focus on mitigating tariff impact and flexible pricing.
Assumptions include exchange rates of ¥145/USD and ¥161/EUR.
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