Kubota Corp (KUBTF)

Kubota Corp was founded in 1890 and was incorporated in 1930 under the Commercial Code of Japan. The Company manufactures machinery and other industrial and consumer products, including farm equipment, engines, construction machinery, pipe-related products, environmentally-related products, and industrial castings. The Company classifies its products for revenue reporting purposes into the following four reporting segments: Farm & Industrial Machinery (which includes farm equipment, engines and construction machinery); Water & Environment Systems (which includes ductile iron pipes, plastic pipes, valves, environmental control plants, pumps and other products); Social Infrastructure (which includes industrial castings, spiral welded steel pipes, vending machines, electronic-equipped machinery, and air-conditioning equipment); and Other (which includes construction, services and other businesses). Farm & Industrial Machinery includes farm equipment, engines and construction machinery. It is Japan's manufacturer of farm equipment and small engines for agricultural use. This market in Japan is dominated by four major manufacturers. Main products include tractors ranging from 10.5 to 135 horsepower, combine harvesters, rice transplanters, power tillers and reaper binders. Water & Environment Systems are comprised of pipe-related products and environment-related products. Pipe -related products consist of ductile iron pipes, plastic pipes and fittings, and various valves. These products are sold to local and national governments and public utilities for use in water supply and sewage systems along with industrial water supply as well as gas supply, telecommunication and irrigation systems. Social Infrastructure is comprised of industrial castings, spiral welded steel pipes, vending machines, electronic-equipped machinery, and air-conditioning equipment. The Company's production network comprises of approximately 20 plants in Japan and 29 plants in overseas countries. Kubota also has 34 sales subsidiaries in overseas countries. The Company is subject to various environmental laws and regulations that apply to its products and activities.