Kubota : Notice of results of purchase of own shares through ToSTNeT-3（438KB）
September 20, 2023 at 06:35 am IST
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September 20, 2023
FOR IMMEDIATE RELEASE
Contact: IR Section
Corporate Planning & Control Dept.
2-47, Shikitsuhigashi 1-chome,
Naniwa-ku, Osaka 556-8601, Japan
Phone: +81-6-6648-2645
Notice of results of purchase of own shares through ToSTNeT-3
Kubota Corporation (hereinafter the "Company") has announced that it purchased own shares, pursuant to the announcement made on September 19, 2023 as follows:
1. Reason for the purchase of own shares
To improve shareholder returns and increase the value per share by purchasing own shares.
2. Details of purchase
1.
Class of shares purchased:
Common shares of the Company
2.
Number of shares purchased:
1,996,500 shares
3.
Amount of shares purchased:
¥4,802,580,750
4.
Date of purchase:
September 20, 2023
5.
Method of purchase:
Purchase through the Tokyo Stock Exchange Trading Network Off-
Auction Own Share Repurchase Trading System (ToSTNeT-3)
(Reference)
1. Details of the resolution at the Meeting of the Board of Directors on August 4, 2023:
(1)
Class of shares to be purchased:
Common shares of the Company
(2)
Number of shares to be purchased
Not exceeding 6 million shares
(0.5 % of total number of shares issued
excluding treasury shares)
(3)
Amount of shares to be purchased:
Not exceeding ¥10 billion
(4)
Term of validity:
From August 5, 2023 to December 18, 2023
2. Total number of shares purchased based on the resolution above (as of September 20, 2023):
(1)
Number of shares purchased:
1,996,500 shares
(2)
Amount of shares purchased:
¥4,802,580,750
< 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 published this content on 20 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2023 01:04:02 UTC.
Kubota Corporation specializes in the manufacturing and marketing of industrial and agricultural machines and water purifying and distribution equipments. Net sales break down by family of products as follows:
- industrial and agricultural machines (84.9%): tractors, harvesters, transplantors, mowers, etc.;
- water purifying and distribution systems (13.9%): ductile cast iron, steel and plastic pipes, valves, recycling pumps, incinerators, ceramic filters, used water purifiers, etc.;
- other (1.2%): industrial pieces, steel tubes, building machines, etc.
Net sales break down geographically as follows: Japan (27.4%), Asia (18.5%), North America (37.3%), Europe (13%) and other (3.8%).
KUBOTA CORPORATION 
