Second-quarter revenues of Kubota Corp. for the period ended June 30, increased 15.9 billion yen (about U.S. $133.7 million), or 6.3 percent, to 269.0 billion yen (about U.S. $2.3 billion) from the corresponding period in the prior year. Although an increase in domestic revenues was limited, overseas revenues increased largely due to steady growth in internal combustion engine and machinery.
Total domestic revenues increased 1 percent or 1.1 billion yen (about U.S. $9.3 million), to 116.6 billion yen (about U.S. $980.7 million) from the corresponding period in the prior year.
Overseas revenues increased 14.8 billion yen (about U.S. $124.5 million), or 10.7 percent, to 152.4 billion yen (about U.S. $1.3 billion) from the corresponding period in the prior year. In internal combustion engine and machinery, sales of tractors, engines and construction machinery increased. Sales of tractors increased because of substantial sales expansion in Europe and Asia, while sales in the U.S. were almost the same level as the corresponding period in the prior year. Sales of engines and construction machinery largely increased in Europe, on the background of its brisk market condition.
Kubota Corp. is headquartered in Osaka, Japan.
