kabutan

KUBOTA surges in afternoon trade on 77% Q1 net profit jump driven by North America sales growth and price revisions

Fri May 8, 2026 2:38 pm JST Catalyst

KUBOTA CORPORATION <6326> surged in afternoon trading. During afternoon trade, the company released its consolidated first-quarter results for the year ending December 2026. Revenue rose 13.7% year-on-year to 810.012 billion yen, while net profit jumped 77.2% to 73.285 billion yen, fueling market buying on the upbeat performance. The core machinery segment posted continued growth in the North American construction equipment market, supported by stable residential investment and solid public and private construction demand, while the agricultural equipment market also remained robust backed by stable livestock-related crop prices. Favorable foreign exchange rates, higher sales primarily in North America, and price revisions offset cost increases from U.S. tariffs, driving the substantial profit growth. The company achieved approximately 35% of its 210 billion yen full-year net profit guidance.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

Related Articles