6326
KUBOTA CORPORATION
株式会社 クボタ
Machinery
Kubota Corporation engages in the manufacture and sale of agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. The company offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machineries, implements, attachments, post-harvest machineries, vegetable production equipment, intermediate management machines, and other equipment for agricultural use, weighing and measuring control systems, and cooperative drying, rice seedling, and gardening facilities, as well as rice mill plants. It also provides farm equipment, construction machinery, industrial machinery, and generators engines; and mini excavators, wheel loaders, compact track loaders, skid steer loaders, and other construction machinery-related products. In addition, the company offers ductile iron pipe, plastic pipe, valves, single stack drain fittings, and design and construction of construction works; reformer and cracking tubes, hearth rolls, TXAX, steel pipe piles, steel pipe sheet piles, and air-conditioning equipment; wastewater treatment equipment and plants, pumps and plants, membrane solutions, water purification plants, night-soil treatment plants, waste incinerating and melting plants, waste shredding and sorting plants, flue gas desulfurization apparatus, membrane methane fermentation plants, wastewater treatment plant, and valves sector. Further, it is involved in the provision of roofing, siding materials and rain gutters; logistics, retail financing, and finance leasing services; export and import of components for farm equipment, engines, and construction machinery; underwriting non-life insurance; design and construction of water and sewage; civil engineering; management of logistics and logistics information service; and building maintenance, security guarding, and facility management. Kubota Corporation was founded in 1890 and is headquartered in Osaka, Japan.
Price
¥2,842
Market Cap
¥3.2T
Ent. Value
¥5.2T
Net Debt
−¥2.0T
Shares Out.
1.1B
P / E
—
EV / EBIT
19.6×
P / Book
—
P / NCAV
N/M
Div. Yield
1.76%
Financials
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥3,018.9B | ¥3,016.3B | ¥3,020.7B | ¥2,678.8B | ¥2,196.8B |
| Cost of Sales | ¥2,134.6B | ¥2,088.3B | ¥2,144.2B | ¥1,982.2B | ¥1,565.0B |
| SG&A | ¥609.1B | ¥597.0B | ¥538.6B | ¥485.6B | ¥390.4B |
| Operating Income | ¥265.5B | ¥315.6B | ¥328.8B | ¥218.9B | ¥246.2B |
| Non-Operating Income | ¥29.0B | ¥26.3B | ¥18.7B | ¥17.0B | ¥9.3B |
| Non-Operating Expenses | ¥12.3B | ¥6.6B | ¥5.3B | ¥2.0B | ¥3.0B |
| Pre-tax Income | ¥282.1B | ¥335.3B | ¥342.3B | ¥233.9B | ¥252.6B |
| Net Income (owners) | ¥186.7B | ¥230.4B | ¥238.5B | ¥156.2B | ¥175.6B |
| Minority Interest | ¥30.1B | ¥29.2B | ¥21.5B | ¥20.2B | ¥15.1B |
| Comprehensive Income | ¥252.7B | ¥460.8B | ¥407.1B | ¥312.0B | ¥285.6B |
| EBITDA | ¥399.3B | ¥436.1B | ¥436.1B | ¥304.2B | ¥317.9B |
| Shares Outstanding | 1.14B | 1.15B | 1.18B | 1.19B | 1.20B |
| Shares Issued (total) | 1.14B | 1.15B | 1.18B | 1.19B | 1.20B |
| Treasury Shares | 1.0M | 0.7M | 0.7M | 0.7M | 0.7M |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥6,204.9B | ¥6,018.7B | ¥5,359.2B | ¥4,731.3B | ¥3,773.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥2,923.2B | ¥2,867.5B | ¥2,580.4B | ¥2,305.3B | ¥1,867.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥277.0B | ¥295.1B | ¥222.1B | ¥225.8B | ¥258.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥3,281.7B | ¥3,151.2B | ¥2,778.9B | ¥2,425.9B | ¥1,906.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥940.4B | ¥861.8B | ¥727.1B | ¥635.7B | ¥496.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥139.9B | ¥143.3B | ¥145.7B | ¥162.4B | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥208.1B | ¥203.9B | ¥187.0B | ¥116.3B | ¥95.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥109.1B | ¥105.5B | ¥96.1B | ¥74.4B | ¥50.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥3,331.9B | ¥3,278.9B | ¥2,943.2B | ¥2,653.9B | ¥1,988.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥1,770.9B | ¥1,775.4B | ¥1,493.1B | ¥1,594.5B | ¥1,313.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥860.4B | ¥903.1B | ¥663.3B | ¥640.9B | ¥504.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥1,561.0B | ¥1,503.5B | ¥1,450.1B | ¥1,059.4B | ¥674.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥1,381.6B | ¥1,374.9B | ¥1,326.9B | ¥970.2B | ¥590.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥58.2B | ¥54.3B | ¥55.7B | ¥27.1B | ¥31.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥2,873.0B | ¥2,739.8B | ¥2,416.1B | ¥2,077.3B | ¥1,785.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥97.0B | ¥96.6B | ¥97.4B | ¥79.2B | ¥84.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥1,955.9B | ¥1,832.3B | ¥1,693.7B | ¥1,535.1B | ¥1,439.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-2.9B | ¥-2.7B | ¥-3.2B | ¥-3.6B | ¥-134M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥488.9B | ¥466.9B | ¥303.8B | ¥188.4B | ¥69.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥2,623.0B | ¥2,477.3B | ¥2,175.8B | ¥1,883.3B | ¥1,678.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥250.0B | ¥262.5B | ¥240.3B | ¥194.0B | ¥107.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥2,242.1B | ¥2,278.1B | ¥1,990.2B | ¥1,611.1B | ¥1,094.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-1,965.1B | ¥-1,982.9B | ¥-1,768.1B | ¥-1,385.3B | ¥-835.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-408.7B | ¥-411.4B | ¥-362.8B | ¥-348.6B | ¥-121.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-359 | ¥-358 | ¥-309 | ¥-293 | ¥-101 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,306 | ¥2,154 | ¥1,850 | ¥1,582 | ¥1,399 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥327.9B | ¥282.1B | ¥-17.3B | ¥-7.7B | ¥92.5B |
| D&A | ¥133.8B | ¥120.5B | ¥107.3B | ¥85.2B | ¥71.7B |
| Investing CF | ¥-163.7B | ¥-208.9B | ¥-173.4B | ¥-318.5B | ¥-127.4B |
| CapEx | ¥153.0B | ¥181.2B | ¥149.9B | ¥134.6B | ¥97.4B |
| Financing CF | ¥-184.5B | ¥-26.3B | ¥178.4B | ¥282.6B | ¥60.6B |
| Free Cash Flow | ¥174.9B | ¥100.9B | ¥-167.2B | ¥-142.2B | ¥-4.9B |
| Net Change in Cash | ¥-18.2B | ¥73.0B | ¥-3.7B | ¥-32.8B | ¥35.7B |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 28
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行 株式会社(信託口)
|
172,039 | 15.11% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行 (信託口)
|
71,250 | 6.26% |
| 3 |
Nippon Life Insurance
日本生命保険相互会社
|
62,542 | 5.49% |
| 4 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
59,929 | 5.26% |
| 5 |
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行)
|
27,026 | 2.37% |
| 6 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
25,252 | 2.22% |
| 7 |
Mizuho Bank
株式会社みずほ銀行
|
22,096 | 1.94% |
| 8 | STATE STREET BANK AND TRUST COMPANY 505103 (常任代理人 株式会社みずほ銀行) | 18,903 | 1.66% |
| 9 | クボタグループファンド | 16,361 | 1.44% |
| 10 | 全国共済農業協同組合連合会 | 15,503 | 1.36% |
as of 2025-12-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
21.4%
-0.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
21.7%
-0.9% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 43.1% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 16.14% | 15.56% | 15.11% -0.45% | |
| Japan Custody Bank 日本カストディ銀行 | 5.54% | 5.86% | 6.26% +0.40% | |
| Nippon Life Insurance 日本生命保険 | 5.32% | 5.43% | 5.49% +0.06% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 5.09% | 5.21% | 5.26% +0.05% | |
| STATE STREET BANK AND TRUST COMPANY STATE STREET BANK AND TRUST COMPANY 505001 ↑ | — | 1.67% | 2.37% +0.70% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 3.06% | 2.52% | 2.22% -0.30% | |
| Mizuho Bank みずほ銀行 | 2.68% | 2.20% | 1.94% -0.26% | |
| STATE STREET BANK AND TRUST COMPANY 505103 NEW ENTRY | — | — | — | 1.66% NEW |
| クボタグループファンド NEW ENTRY | — | — | — | 1.44% NEW |
| 全国共済農業協同組合連合会 NEW ENTRY | — | — | — | 1.36% NEW |
| BNYM AS AGT/CLTS NON TREATY JASDEC BNYM AS AGT/CLTS NON TREATY JASDEC last seen 2024 | Exited Top 10 | — | 2.34% | — |
| STATE STREET BANK WEST CLIENT - TREATY STATE STREET BANK WEST CLIENT - TREATY 505234 last seen 2024 | Exited Top 10 | 1.69% | 1.72% | — |
| MOXLEY & CO LLC MOXLEY & CO LLC last seen 2024 | Exited Top 10 | 1.81% | 1.58% | — |
| 式会社三菱UFJ銀行 last seen 2023 | Exited Top 10 | 1.54% | — | — |
| BNYM TREATY DTT 15 last seen 2023 | Exited Top 10 | 1.73% | — | — |
| Concentration (HHI) ⓘ | 373 | 358 | 346 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥69,335M
-4% since 2023
Holdings
28
+2 new
13 exited
Trend
3 unwinding
vs 2023
| Held Company | FY2025 ¥69,335M total | FY2023 ¥72,486M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
OSAKA GAS CO.,LTD.
大阪瓦斯㈱
|
16,973 |
3,125,000
|
9,205 | 3,125,000 | M |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
13,512 |
NEW
New
2,828,000
|
— | ||
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
8,777 |
-0.2%
↓
1,741,000
|
12,011 | 1,745,000 | |
|
TOHO GAS CO.,LTD.
東邦瓦斯㈱
|
6,711 |
1,439,000
|
4,239 | 1,439,000 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
6,023 |
-60.1%
↓
2,416,000
|
7,345 | 6,062,000 | |
|
Nihon Suido Consultants Co., Ltd.
㈱日水コン
|
5,818 |
NEW
New
2,370,000
|
— | ||
|
Mitsubishi Estate Company, Limited
三菱地所㈱
|
4,019 |
1,052,000
|
2,044 | 1,052,000 | M |
|
Denyo Co.,Ltd.
デンヨー㈱
|
1,795 |
500,000
|
1,162 | 500,000 | M |
|
Seibu Gas Holdings Co.
西部ガスホールディングス㈱
|
1,322 |
586,000
|
1,147 | 586,000 | M |
| 南海電気鉄道㈱ | 1,088 |
366,000
|
1,049 | 366,000 | M |
|
Yamazaki Co., Ltd.
㈱山善
|
1,043 |
-33.4%
↓
703,000
|
1,258 | 1,055,000 | M |
|
Wakita & Co.,LTD.
㈱ワキタ
|
578 |
300,000
|
480 | 300,000 | |
|
Sintokogio,Ltd.
新東工業㈱
|
527 |
485,000
|
517 | 485,000 | M |
|
TAKAKITA CO.,LTD.
㈱タカキタ
|
265 |
660,000
|
333 | 660,000 | M |
|
Yorozu Corporation
㈱ヨロズ
|
251 |
250,000
|
207 | 250,000 | M |
|
MARUYAMA MFG.CO.,INC.
㈱丸山製作所
|
219 |
95,000
|
247 | 95,000 | M |
|
NIKKATO CORPORATION
㈱ニッカトー
|
126 |
200,000
|
112 | 200,000 | M |
|
DAIDO METAL CO., LTD.
大同メタル工業㈱
|
117 |
120,000
|
66 | 120,000 | M |
|
ASIA PILE HOLDINGS CORPORATION
アジアパイルホールディングス㈱
|
77 |
55,000
|
38 | 55,000 | |
|
OKAYA&CO.,LTD.
岡谷鋼機㈱
|
75 |
+100.0%
↑
8,000
|
51 | 4,000 | M |
|
Kitagawa Corporation
㈱北川鉄工所
|
19 |
11,000
|
15 | 11,000 | M |
|
AIRMAN CORPORATION
㈱AIRMAN
|
— | — | |||
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
— | — | M | ||
|
Sekisui House,Ltd.
積水ハウス㈱
|
— | — | |||
|
Takasago Thermal Engineering Co., Ltd.
高砂熱学工業㈱
|
— | — | M | ||
|
JTEKT Corporation
㈱ジェイテクト
|
— | — | |||
|
Yamato Kogyo Co., Ltd.
大和工業㈱
|
— | — | |||
|
OBAYASHI CORPORATION
㈱大林組
|
— | — | |||
|
Shin-Etsu Chemical Co., Ltd.
信越化学工業㈱
|
— |
−100%
Exit
—
|
13,745 | 2,323,000 | M |
|
Keihanshin Building Co., Ltd.
京阪神ビルディング㈱
|
— |
−100%
Exit
—
|
635 | 447,000 | M |
|
KANEKA CORPORATION
㈱カネカ
|
— |
−100%
Exit
—
|
496 | 138,000 | M |
|
SHIMIZU CORPORATION
清水建設㈱
|
— |
−100%
Exit
—
|
129 | 138,000 | M |
|
YUASA TRADING CO.,LTD.
ユアサ商事㈱
|
— |
−100%
Exit
—
|
130 | 27,000 | |
|
TODA CORPORATION
戸田建設㈱
|
— |
−100%
Exit
—
|
78 | 84,000 | M |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
12,240 | 2,261,000 | |
|
FUJITEC CO., LTD.
フジテック㈱
|
— |
−100%
Exit
—
|
1,151 | 322,000 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
— |
−100%
Exit
—
|
1,034 | 428,000 | |
|
KANSAI PAINT CO.,LTD.
関西ペイント㈱
|
— |
−100%
Exit
—
|
592 | 246,000 | M |
|
NOK CORPORATION
NOK㈱
|
— |
−100%
Exit
—
|
463 | 246,000 | M |
|
Daiichi Jitsugyo Co., Ltd.
第一実業㈱
|
— |
−100%
Exit
—
|
141 | 72,000 | M |
| 北越工業㈱ | — |
−100%
Exit
—
|
126 | 50,000 | |
| Portfolio total | 69,335 | 72,486 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding