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KUBOTA, 15% Decrease in Net Income for The Current Fiscal Year

Thu Feb 13, 2025 3:30 pm JST Earnings

6326 KUBOTA CORPORATION 【IFRS】

Earnings Report

KUBOTA CORPORATION <6326> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 13th (15:30). The consolidated net income for the fiscal year ending December 2024 decreased 3.4% from the previous period to 230 billion yen. In the fiscal year ending December 2025, the profit is expected to decrease by 14.9% from the previous period to 196 billion yen.

In the most recent three-month period, from October to December (4Q), the consolidated net income dropped to 32.5 billion yen, a 42.0% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.2% in the same period last year to 5.5%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 2,676,980 214,387 231,150 156,472 131.1 44 Feb 14, 2023 IFRS
Dec, 2023 3,020,711 328,829 342,289 238,455 201.7 48 Feb 14, 2024 IFRS
Dec, 2024 3,016,281 315,636 335,297 230,437 197.6 50 Feb 13, 2025 IFRS
YoY -0.1% -4.0% -2.0% -3.4% -2.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 2,950,000 310,000 326,000 221,000 192.3 50 Nov 8, 2024 IFRS
Dec, 2024 Results 3,016,281 315,636 335,297 230,437 197.6 50 Feb 13, 2025 IFRS
Revision Rate +2.2% +1.8% +2.9% +4.3% +2.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 1,579,599 207,344 216,727 150,804 128.3 25 Aug 7, 2024 IFRS
Jan - Jun, 2025 Guidance 1,520,000 140,000 149,000 98,000 86.2 25 Feb 13, 2025 IFRS
YoY -3.8% -32.5% -31.2% -35.0% -32.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 3,020,711 328,829 342,289 238,455 201.7 48 Feb 14, 2024 IFRS
Dec, 2024 3,016,281 315,636 335,297 230,437 197.6 50 Feb 13, 2025 IFRS
Dec, 2025 Guidance 3,050,000 280,000 297,000 196,000 172.4 50 Feb 13, 2025 IFRS
YoY +1.1% -11.3% -11.4% -14.9% -12.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 762,480 69,972 73,917 56,089 47.5 9.2 Feb 14, 2024 IFRS
Jan - Mar, 2024 775,232 102,950 106,119 72,922 62.1 13.3 May 10, 2024 IFRS
Apr - Jun, 2024 804,367 104,394 110,608 77,882 66.3 13.0 Aug 7, 2024 IFRS
Jul - Sep, 2024 698,326 68,036 71,257 47,112 40.2 9.7 Nov 8, 2024 IFRS
Oct - Dec, 2024 738,356 40,256 47,313 32,521 27.9 5.5 Feb 13, 2025 IFRS
YoY -3.2% -42.5% -36.0% -42.0% -41.2%

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