Form 6-K
Table of Contents

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 6 - K

 


 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

 

For the month of February 2006

 

Commission File Number: 2-58155

 


 

KUBOTA CORPORATION

(Translation of registrant’s name into English)

 


 

2-47, Shikitsuhigashi 1-chome, Naniwa-ku, Osaka, Japan

(Address of principal executive offices)

 


 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F :

 

Form 20-F      X            Form 40-F              

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) :                 

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) :                 

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934 :

 

Yes                       No      X    

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) : 82-                 

 



Table of Contents

Information furnished on this form:

 

EXHIBITS

 

 

    Exhibit Number    


    
1.    Results of operations for the nine months ended December 31, 2005 reported by Kubota Corporation (Thursday, February 2, 2006)


Table of Contents
    Contact:
    IR Group
    Kubota Corporation
    2-47, Shikitsuhigashi 1-chome,
    Naniwa-ku, Osaka 556-8601, Japan
    Phone   : +81-6-6648-2645
    Facsimile   : +81-6-6648-2632

 

FOR IMMEDIATE RELEASE (THURSDAY, FEBRUARY 2, 2006)

 

RESULTS OF OPERATIONS FOR THE NINE MONTHS ENDED

DECEMBER 31, 2005 REPORTED BY KUBOTA CORPORATION

 

OSAKA, JAPAN, February 2, 2006 —Kubota Corporation reported its consolidated results of operations for the nine months ended December 31, 2005 today.

 

Consolidated Financial Highlights

(Unaudited)

 

(1) Results of operations

 

(In millions of yen and thousands of U.S. dollars except

per American Depositary Share (“ADS”) amounts)

     Nine months ended
Dec. 31, 2005


    %
(*)


    Nine months ended
Dec. 31, 2004


  

%

(*)


   Year ended
Mar. 31, 2005


Net sales

   ¥
$
740,509
[6,275,500
 
]
  11.6     ¥ 663,595    7.2    ¥ 983,226

Operating income

   ¥
$
89,571
[759,076
 
]
  24.8     ¥ 71,767    360.8    ¥ 92,299

Income before income taxes, minority interests in earnings of subsidiaries, and equity in net income of affiliated companies

   ¥
$
113,424
[961,220
 
]
  44.1     ¥ 78,736    294.5    ¥ 161,561

Net income

   ¥
$
65,270
[553,136
 
]
  (4.8 )   ¥ 68,590    858.4    ¥ 117,901

Net income per ADS (five common shares)

                                

Basic

   ¥
$
250
[2.12
 
]
        ¥ 258         ¥ 446

Diluted

   ¥
$
247
[2.09
 
]
        ¥ 251         ¥ 434

 

Notes   1 :    (*) represents percentage change from the corresponding period in the prior year.
    2 :    The United States dollar amounts included herein represent translations using the approximate exchange rate on December 30, 2005, of ¥118 =US$1, solely for convenience.

 

(2) Financial position

 

(In millions of yen and thousands of U.S. dollars

except per ADS amounts)

     Dec. 31, 2005

    Dec. 31, 2004

    Mar. 31, 2005

 

Total assets

   ¥
$
1,354,982
[11,482,898
 
]
  ¥ 1,216,948     ¥ 1,193,056  

Shareholders’ equity

   ¥
$
584,720
[4,955,254
 
]
  ¥ 442,680     ¥ 481,019  

Ratio of shareholders’ equity to total assets

     43.2 %     36.4 %     40.3 %

Shareholders’ equity per ADS

   ¥
$
2,236
[18.95
 
]
  ¥ 1,689     ¥ 1,850  

 

Note :   The United States dollar amounts included herein represent translations using the approximate exchange rate on December 30, 2005, of ¥118=US$1, solely for convenience.

 

-1-


Table of Contents

Kubota Corporation

and Subsidiaries

 

(3)

   123 subsidiaries are consolidated, and 25 affiliated companies are accounted for under the equity method.     

(4)

   The number of newly consolidated companies during the period    :5
     The number of companies newly excluded from consolidated subsidiaries during the period    :3
     The number of newly affiliated companies during the period    :1
     The number of companies newly excluded from affiliated companies during the period    :5

(5)

   Financial outlook     

 

The Company has revised the consolidated and non-consolidated (parent company only) financial forecasts for the year ending March 31, 2006 as follows:

 

Net sales for the year ending March 31, 2006 are forecasted to be ¥1,060.0 billion, an increase of ¥20.0 billion from the previous forecasts on November 4, 2005, reflecting a continuing increase of overseas sales in Internal Combustion Engine and Machinery and a steady increase of sales in Pipes, Valves, and Industrial Castings. Income before income taxes, minority interests in earnings of subsidiaries, and equity in net income of affiliated companies is forecasted to be ¥136.0 billion, an increase of ¥4.0 billion from the previous forecasts and net income is expected to be ¥77.0 billion, an increase of ¥2.0 billion from the previous forecasts.

 

    (Consolidation)

  (In millions of yen)
     Net sales

   

Income before income

taxes, minority interests

in earnings of

subsidiaries, and equity

in net income of

affiliated companies


    Net income

 

Forecasts (released on November 4, 2005)

   1,040,000     132,000     75,000  

Revised forecasts

   1,060,000     136,000     77,000  

Change

   20,000     4,000     2,000  

(%)

   2 %   3 %   3 %

Comparable prior year
(Year ended March 31, 2005)

   983,226     161,561     117,901  

 

Basic net income per ADS for the year ending March 31, 2006 is anticipated to be ¥294.

 

    (Non-consolidaion)

  (In millions of yen)
     Net sales

    Ordinary income

    Net income

 

Forecasts (released on November 4, 2005)

   689,000     64,000     40,000  

Revised forecasts

   699,000     70,000     44,000  

Change

   10,000     6,000     4,000  

(%)

   1 %   9 %   10 %

Comparable prior year
(Year ended March 31, 2005)

   675,431     64,733     43,186  

 

Basic net income per ADS for the year ending March 31, 2006 is anticipated to be ¥168.

 

Note :

  Basic net income per ADS for the year ending March 31, 2006 was calculated by the number of shares outstanding as of December 31, 2005.

 

-2-


Table of Contents

Kubota Corporation

and Subsidiaries

 

<Results of Operations>

 

During the nine months under review, net sales were ¥740.5 billion, an 11.6% increase from the corresponding period in the prior year.

 

In the domestic market, sales in Internal Combustion Engine and Machinery, Pipes, Valves, and Industrial Castings and Environmental Engineering increased. In Internal Combustion Engine and Machinery, sales of farm equipment and engines as well as construction machinery increased. Especially, sales of engines for manufacturers of construction and industrial machinery increased sharply. In Pipes, Valves, and Industrial Castings, sales of plastic pipes increased favorably due to the effect of business integration. In addition, sales of industrial castings increased largely from the corresponding period in the prior year due to brisk capital expenditures of the steel industries and the energy industries. In Environmental Engineering, sales of Water & Sewage Engineering division and Waste Engineering division expanded. In Other segment, sales decreased resulting from a sale of a subsidiary at the beginning of this fiscal year, although sales of vending machines and electronic equipped machinery increased. As a result, total domestic sales were ¥419.5 billion, a 4.5% increase from the corresponding period in the prior year.

 

In overseas market, sales in Internal Combustion Engine and Machinery increased sharply from the corresponding period in the prior year. The sales of tractors in the North American market maintained steady growth and sales in Europe rose due to an introduction of new models. Sales of tractors in Asia, notably in Thailand, expanded sharply. Sales of construction machinery increased considerably due to growing worldwide demand as well as increasing market-share. Sales of engines also grew largely in North America and Europe. Sales in Pipes, Valves, and Industrial Castings also increased due to an increase in sales of ductile iron pipes and industrial castings. As a result, total overseas sales were ¥321.0 billion, a 22.4% increase from the corresponding period in the prior year.

 

Operating income was ¥89.6 billion, a 24.8% increase from the prior corresponding period. Although higher prices of raw materials negatively impacted operating income, the Company achieved increased operating income due to increased sales primarily from the Internal Combustion Engine and Machinery segment, a reduction of costs for the public works related business and a decrease in pension costs.

 

Income before income taxes, minority interests in earnings of subsidiaries, and equity in net income of affiliated companies was ¥113.4 billion, a 44.1% increase from the corresponding period in the prior year due to an increase in operating income and other income. Other income increased due to the gain on nonmanetary exchange of securities of UFJ Holding Inc. (¥15.9 billion), which was related to merger of Mitsubishi Tokyo Financial Group, Inc. and UFJ Holding Inc.

 

Net income was ¥65.3 billion, a 4.8% decrease from the corresponding period in the prior year. The primary reason for the decrease of net income was a much less amount of income tax of the corresponding period in the prior year, which was resulted from the deductibility of the historical impairment losses and net operating losses related to the sales and dissolution of the subsidiaries.

 

As for the matter related to the health hazard of asbestos, the Company had paid consolation payments to the patients and the family members of the deceased near the former Kanzaki plant, who are suffering from or died of mesothelioma based on the policy in “Notice on the Company’s action for the health hazard of asbestos”, which was released on June 30, 2005. Moreover, in “Notice on the Company’s actions for the health hazard of asbestos near the former Kanzaki plant” released on December 26, 2005, the Company expressed that the Company intended to consider further actions in place of the current consolation payment system. The Company has not recorded any accrual of loss contingencies related to this matter so far because it is difficult for the Company to reasonably estimate the amount of the expenses related to this matter at this time.

 

-3-


Table of Contents

Kubota Corporation

and Subsidiaries

 

<Financial Position>

 

(Comparison with the end of the corresponding period in the prior year)

 

Total assets at the end of December 2005 amounted to ¥1,355.0 billion, an increase of ¥138.0 billion (11.3%) from the end of the corresponding period in the prior year. As for assets, favorable sales brought an increase in current assets such as trade account receivables and short-term finance receivables. Additionally, investments and long-term finance receivables increased largely because of an increase in market value of securities. Property, plant and equipment also increased. However other assets decreased mainly due to a decrease in long-term deferred tax assets resulted from the transfer of the substitutional portion of the benefit obligation and related plan assets to the Japanese government. Total Liabilities decreased because the long-term liabilities decreased substantially while current liabilities increased. As for current liabilities, current portion of long-term debt decreased owing to redemption of bonds while trade account payable increased. As for long-term liabilities, long-term deferred tax liabilities increased because of an increase in market value of securities. Long-term debt also increased. On the other hand, accrued retirement and pension costs decreased due to the transfer of the substitutional portion of the benefit obligation and related plan assets to the Japanese government. Shareholders’ equity substantially increased due to partial conversion from convertible bonds to common stock, recorded net income and an increase in accumulated other comprehensive income mainly resulted from an increase of unrealized gains on securities.

 

(Comparison with the prior year end)

 

Total assets increased ¥161.9 billion (13.6%) compared with those at the end of March 2005. As for assets, favorable sales brought an increase in current assets, investments and long-term finance receivables while other assets decreased. As for liabilities, total liabilities increased in spite of a decrease in current liabilities because long-term liabilities increased due to an increase of long-term deferred tax liabilities. Total balance of interest-bearing debt was ¥318.7 billion, an increase of ¥14.5 billion from the prior year end resulted from expansion of financing, which is related to an increase in short and long-term finance receivables. Interest-bearing debt excluding the debt related to sales financing programs was ¥114.4 billion, a decrease of ¥43.8 billion from the prior year end. Shareholders’ equity substantially increased due to recorded net income and an increase in accumulated other comprehensive income mainly resulted from an increase of unrealized gains on securities. Shareholders’ equity ratio was 43.2%, 2.9 percentage points higher than that ratio at the prior year end.

 

< 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, continued competitive pricing pressures in the marketplace, as well as the Company’s ability to continue to gain acceptance of its products.

 

-4-


Table of Contents

Kubota Corporation

and Subsidiaries

 

Consolidated Statements of Income

(Unaudited)

 

(In millions of yen)

     Nine months ended
Dec. 31, 2005


  

Nine months ended

Dec. 31, 2004


    Change

   

Year ended

Mar. 31, 2005


 
     Amount

    %    Amount

    %     Amount

    %     Amount

    %  

Net sales

   740,509     100.0    663,595     100.0     76,914     11.6     983,226     100.0  

Cost of sales

   525,071     70.9    475,472     71.7     49,599     10.4     713,312     72.5  

Selling, general, and administrative expenses

   122,685     16.6    122,882     18.5     (197 )   (0.2 )   181,727     18.5  

Loss (gain) from disposal and impairment of business and fixed assets

   3,182     0.4    (6,526 )   (1.0 )   9,708     —       (4,112 )   (0.4 )
    

      

       

       

     

Operating income

   89,571     12.1    71,767     10.8     17,804     24.8     92,299     9.4  

Other income (expenses):

                                               

Interest and dividend income

   10,486          6,953           3,533           9,488        

Interest expense

   (4,785 )        (3,160 )         (1,625 )         (4,699 )      

Gain on sales of securities-net

   2,082          612           1,470           1,604        

Gain on nonmonetary exchange of securities

   15,901          —             15,901           —          

Foreign exchange gains (losses)

   (615 )        1,859           (2,474 )         3,597        

Subsidy from the government

   —            —             —             58,571        

Other-net

   784          705           79           701        
    

      

       

       

     

Other income, net

   23,853          6,969           16,884           69,262        

Income before income taxes, minority interests in earnings of subsidiaries, and equity in net income of affiliated companies

   113,424     15.3    78,736     11.9     34,688     44.1     161,561     16.4  

Income taxes

   45,531          8,910           36,621           42,542        

Minority interests in earnings of subsidiaries

   4,481          3,098           1,383           3,442        

Equity in net income of affiliated companies

   1,858          1,862           (4 )         2,324        
    

      

       

       

     

Net income

   65,270     8.8    68,590     10.3     (3,320 )   (4.8 )   117,901     12.0  
                                        (In yen)  

Basic earnings per ADS (five common shares):

   250          258                       446        

Diluted earnings per ADS (five common shares):

   247          251                       434        

 

-5-


Table of Contents

Kubota Corporation

and Subsidiaries

 

Consolidated Balance Sheets

(Unaudited)

 

Assets

                         (In millions of yen)
     Dec. 31, 2005

   Dec. 31, 2004

   Change

    Mar. 31, 2005

     Amount

    %

   Amount

    %

   Amount

    Amount

    %

Current assets:

                                      

Cash and cash equivalents

   87,343          79,055          8,288     74,563      

Notes and accounts receivable

   279,407          266,477          12,930     318,598      

Short-term finance receivables-net

   59,988          40,632          19,356     50,921      

Inventories

   183,535          175,901          7,634     155,146      

Other current assets

   116,164          92,493          23,671     76,143      
    

      

      

 

   

Total current assets

   726,437     53.6    654,558     53.8    71,879     675,371     56.6

Investments and long-term finance receivables

   362,522     26.8    252,696     20.8    109,826     239,512     20.1

Property, plant, and equipment

   222,917     16.4    219,225     18.0    3,692     219,750     18.4

Other assets

   43,106     3.2    90,469     7.4    (47,363 )   58,423     4.9
    

 
  

 
  

 

 

Total

   1,354,982     100.0    1,216,948     100.0    138,034     1,193,056     100.0
    

 
  

 
  

 

 

Liabilities and Shareholders’ Equity

                    (In millions of yen)
     Dec. 31, 2005

   Dec. 31, 2004

   Change

    Mar. 31, 2005

     Amount

    %

   Amount

    %

   Amount

    Amount

    %

Current liabilities:

                                      

Short-term borrowings

   132,110          125,571          6,539     119,802      

Notes and accounts payable

   228,902          205,473          23,429     217,042      

Other current liabilities

   114,583          98,861          15,722     100,324      

Current portion of long-term debt

   27,658          70,903          (43,245 )   66,877      
    

      

      

 

   

Total current liabilities

   503,253     37.1    500,808     41.1    2,445     504,045     42.3

Long-term liabilities:

                                      

Long-term debt

   158,927          115,594          43,333     117,488      

Accrued retirement and pension costs

   55,984          133,584          (77,600 )   65,836      

Other long-term liabilities

   23,684          2,741          20,943     3,093      
    

      

      

 

   

Total long-term liabilities

   238,595     17.6    251,919     20.7    (13,324 )   186,417     15.6

Minority interests

   28,414     2.1    21,541     1.8    6,873     21,575     1.8

Shareholders’ equity:

                                      

Common stock

   84,070          78,156          5,914     78,156      

Additional paid-in capital

   93,150          87,263          5,887     87,263      

Legal reserve

   19,539          19,539          —       19,539      

Retained earnings

   322,741          240,876          81,865     290,187      

Accumulated other comprehensive income

   73,101          32,818          40,283     27,507      

Treasury stock

   (7,881 )        (15,972 )        8,091     (21,633 )    
    

      

      

 

   

Total shareholders’ equity

   584,720     43.2    442,680     36.4    142,040     481,019     40.3
    

 
  

 
  

 

 

Total

   1,354,982     100.0    1,216,948     100.0    138,034     1,193,056     100.0
    

 
  

 
  

 

 

 

-6-


Table of Contents

Kubota Corporation

and Subsidiaries

 

Consolidated Segment Information by Industry Segment

(Unaudited)

 

Nine months ended Dec. 31, 2005

  (In millions of yen)
     Internal
Combustion
Engine &
Machinery


   Pipes, Valves
& Industrial
Castings


   Environmental
Engineering


    Other

   Total

  

Corporate

&

Eliminations


    Consolidated

Net sales

                                    

Unaffiliated customers

   503,477    138,163    36,240     62,629    740,509    —       740,509

Intersegment

   24    952    81     10,602    11,659    (11,659 )   —  

Total

   503,501    139,115    36,321     73,231    752,168    (11,659 )   740,509

Cost of sales and operating expenses

   419,544    124,669    39,153     71,947    655,313    (4,375 )   650,938

Operating income (loss)

   83,957    14,446    (2,832 )   1,284    96,855    (7,284 )   89,571

 

Nine months ended Dec. 31, 2004

  (In millions of yen)
     Internal
Combustion
Engine &
Machinery


   Pipes, Valves
& Industrial
Castings


   Environmental
Engineering


    Other

   Total

  

Corporate

&

Eliminations


    Consolidated

Net sales

                                    

Unaffiliated customers

   439,740    119,728    31,874     72,253    663,595    —       663,595

Intersegment

   77    5,143    139     11,857    17,216    (17,216 )   —  

Total

   439,817    124,871    32,013     84,110    680,811    (17,216 )   663,595

Cost of sales and operating expenses

   376,432    115,964    33,960     74,337    600,693    (8,865 )   591,828

Operating income (loss)

   63,385    8,907    (1,947 )   9,773    80,118    (8,351 )   71,767

 

Year ended Mar. 31, 2005

  (In millions of yen)
     Internal
Combustion
Engine &
Machinery


   Pipes, Valves
& Industrial
Castings


   Environmental
Engineering


   Other

   Total

  

Corporate

&

Eliminations


    Consolidated

Net sales

                                   

Unaffiliated customers

   582,664    170,629    117,633    112,300    983,226    —       983,226

Intersegment

   88    8,237    249    14,956    23,530    (23,530 )   —  

Total

   582,752    178,866    117,882    127,256    1,006,756    (23,530 )   983,226

Cost of sales and operating expenses

   503,596    167,391    112,167    117,848    901,002    (10,075 )   890,927

Operating income

   79,156    11,475    5,715    9,408    105,754    (13,455 )   92,299

 

-7-


Table of Contents

Kubota Corporation

and Subsidiaries

 

Notes:

 

1. The United States dollar amounts included herein represent translations using the approximate exchange rate on December 30, 2005, of ¥118 = US$1, solely for convenience.

 

2. Each American Depositary Share (“ADS”) represents five common shares.

 

3. 123 subsidiaries are consolidated.
Major consolidated subsidiaries:    Domestic    Kubota-C.I. Co., Ltd.
          Kubota Construction Co., Ltd.
          Kubota Credit Co., Ltd.
          Kubota Environmental Service Co., Ltd.
          Kubota Maison Co., Ltd.
     Overseas    Kubota Tractor Corporation
          Kubota Credit Corporation, U.S.A.
          Kubota Manufacturing of America Corporation
          Kubota Engine America Corporation
          Kubota Metal Corporation
          Kubota Baumaschinen GmbH
          Kubota Europe S.A.S.

 

4. 25 affiliated companies are accounted for under the equity method.
Major affiliated companies :    Domestic    17 sales companies of farm equipment
          Kubota Matsushitadenko Exterior Works, Ltd.

 

5. Summary of accounting policies

 

  1 The accompanying consolidated financial information has been prepared in accordance with accounting principles generally accepted in the United States of America except for the presentation for segment information described in 2.

 

  2 The consolidated segment information is prepared in accordance with a requirement of the Japanese Securities and Exchange regulations. This disclosure is not consistent with SFAS No.131, “Disclosures about Segments of an Enterprise and Related Information”.

 

6. In the consolidated balance sheet of the nine months ended December 31, 2004, the Company classified retail finance receivables as “Short-term finance receivables” and “Investments and long-term finance receivables”.

 

Based on concerns raised afterwards by the staff of the Securities and Exchange Commission (“SEC”), the Company reconsidered the classification of finance receivables. Consequently, from the consolidated financial statements for the year ended March 31, 2005, the Company has classified the current position of retail finance receivables to customers of Company-owned dealers as “Notes and accounts receivable” and the long-term portion as “Other assets”.

 

The reclassification has been made to the presentation of balance sheet of the nine months ended December 31, 2004 in conformity with the presentation of the nine months under review.

 

7. The consolidated financial reports for the year ended March 31, 2005 and the nine months ended December 31, 2004 have been reclassified to conform to the presentation for the nine months ended December 31, 2005.

 

-8-


Table of Contents

Kubota Corporation

and Subsidiaries

 

Consolidated Net Sales by Product Group

(Unaudited)

 

                                     (In millions of yen)
    

Nine months ended

Dec. 31, 2005


  

Nine months ended

Dec. 31, 2004


   Change

   

Year ended

Mar. 31, 2005


     Amount

   %

   Amount

   %

   Amount

    %

    Amount

   %

Farm Equipment and Engines

   441,453    59.6    393,532    59.3    47,921     12.2     519,428    52.8

Domestic

   182,255         172,779         9,476     5.5     232,074     

Overseas

   259,198         220,753         38,445     17.4     287,354     

Construction Machinery

   62,024    8.4    46,208    7.0    15,816     34.2     63,236    6.5

Domestic

   19,592         18,010         1,582     8.8     24,923     

Overseas

   42,432         28,198         14,234     50.5     38,313     

Internal Combustion Engine & Machinery

   503,477    68.0    439,740    66.3    63,737     14.5     582,664    59.3

Domestic

   201,847    27.3    190,789    28.8    11,058     5.8     256,997    26.2

Overseas

   301,630    40.7    248,951    37.5    52,679     21.2     325,667    33.1

Pipes and Valves

   108,539    14.7    96,663    14.5    11,876     12.3     136,622    13.9

Domestic

   103,568         94,189         9,379     10.0     132,755     

Overseas

   4,971         2,474         2,497     100.9     3,867     

Industrial Castings

   29,624    4.0    23,065    3.5    6,559     28.4     34,007    3.4

Domestic

   19,216         14,808         4,408     29.8     22,723     

Overseas

   10,408         8,257         2,151     26.1     11,284     

Pipes, Valves & Industrial Castings

   138,163    18.7    119,728    18.0    18,435     15.4     170,629    17.3

Domestic

   122,784    16.6    108,997    16.4    13,787     12.6     155,478    15.8

Overseas

   15,379    2.1    10,731    1.6    4,648     43.3     15,151    1.5

Environmental Engineering

   36,240    4.9    31,874    4.8    4,366     13.7     117,633    12.0

Domestic

   32,635    4.4    29,996    4.5    2,639     8.8     113,875    11.6

Overseas

   3,605    0.5    1,878    0.3    1,727     92.0     3,758    0.4

Building Materials and Housing

   10,669    1.4    17,800    2.7    (7,131 )   (40.1 )   24,874    2.5

Domestic

   10,669         17,800         (7,131 )   (40.1 )   24,874     

Other

   51,960    7.0    54,453    8.2    (2,493 )   (4.6 )   87,426    8.9

Domestic

   51,598         53,798         (2,200 )   (4.1 )   86,678     

Overseas

   362         655         (293 )   (44.7 )   748     

Other

   62,629    8.4    72,253    10.9    (9,624 )   (13.3 )   112,300    11.4

Domestic

   62,267    8.4    71,598    10.8    (9,331 )   (13.0 )   111,552    11.3

Overseas

   362    0.0    655    0.1    (293 )   (44.7 )   748    0.1

Total

   740,509    100.0    663,595    100.0    76,914     11.6     983,226    100.0

Domestic

   419,533    56.7    401,380    60.5    18,153     4.5     637,902    64.9

Overseas

   320,976    43.3    262,215    39.5    58,761     22.4     345,324    35.1

 

-9-


Table of Contents

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    KUBOTA CORPORATION
Date: March 1, 2006   By:   /s/ Shigeru Kimura
    Name:   Shigeru Kimura
    Title:   General Manager
        Finance & Accounting Department