Interim report
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1. Consolidated financial results for the six months ended June 30, 2026 (1) Results of operations (Unit: millions of yen, except per share amounts) Change Change (%) (%) Revenue ¥ 1,690,280 16.2 (7.9) Operating profit ¥ 235,567 64.7 (31.0) Profit before income taxes ¥ 247,751 63.6 (30.1) Profit for the period ¥ 185,685 58.2 (28.5) Profit attributable to owners of the parent ¥ 173,681 87.8 (38.7) Comprehensive income (loss) for the period ¥ 236,632 - - Earnings per share attributable to owners of the parent: Basic ¥ 152.96 Diluted － (2) Financial position (Unit: millions of yen) Total assets Total equity Equity attributable to owners of the parent Ratio of equity attributable to owners of the parent Notes: 1. Change (%) represents the percentage of change from the same period in the prior year. 2. Amounts less than one million yen are rounded. 2. Cash dividends (Unit: yen) Year ending Dec. 31, 2026 Year ended Dec. 31, 2025 Note: Revisions to the forecast of cash dividends since the latest announcement: None － ¥ 6,204,909 42.3% ¥ 2,622,985 ¥ 2,873,024 ¥ 143,028 (¥ 19,007) ¥ 80.60 ¥ 117,380 ¥ 151,451 ¥ 92,479 FOR IMMEDIATE RELEASE August 4, 2026 FINANCIAL RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2026 [IFRS] Consolidated Financial Highlights ¥ 1,454,933 Six months ended June 30, 2026 Six months ended June 30, 2025 Kubota Corporation hereby reports its consolidated results for the six months ended June 30, 2026. ¥ 25.00 ¥ 25.00 ¥ 50.00 ¥ 26.00 ¥ 26.00 ¥ 52.00 (forecast) (forecast) Interim Year-end Total to total assets June 30, 2026 Dec. 31, 2025 Cash dividends per common share ¥ 6,354,555 ¥ 3,040,246 ¥ 2,794,766 44.0% Contact: IR Section, Finance Dept.Grand Green Osaka South Building Park Tower, 5-54 Ofukacho, Kita-ku, Osaka 530-0011, JapanPhone: +81-6-6648-2645 -1-
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Kubota Corporation and Its Subsidiaries 3. Forecasts of operations for the year ending December 31, 2026 (Unit: millions of yen, except per share amounts) Revenue Operating profit Profit before income taxes Profit attributable to owners of the parent Earnings per share attributable to owners of the parent - basic Notes: 1. Change (%) represents the percentage of change from the prior year. 4. Other information (1) Changes in significant subsidiaries during the six months ended June 30, 2026 (changes in specified subsidiaries in the changes in scope of consolidation): None (2) Changes in accounting policies and changes in accounting estimates a) Changes in accounting policies required by International Financial Reporting Standards (hereinafter “IFRS”): None b) Changes in accounting policies due to reasons other than a) above: None c) Changes in accounting estimates: None (3) Number of common shares issued a)Number of common shares issued, including treasury shares, as of June 30, 2026 : Number of common shares issued, including treasury shares, as of December 31, 2025: b)Number of treasury shares as of June 30, 2026 : Number of treasury shares as of December 31, 2025 : c)Weighted-average number of common shares outstanding during the six months ended June 30, 2026: Weighted-average number of common shares outstanding during the six months ended June 30, 2025: Information on the status of the quarterly review by the independent auditor This release is not subject to the quarterly review by the independent auditor. Method of obtaining supplementary materials on the financial results Kubota Corporation plans to hold a result briefing for institutional investors and securities analysts on August 4, 2026. The supplementary material will be published on the Company’s website on the same day. 2. 1,147,390,025 1,135,430,092 1,652,299 12,324,322 1,138,716,846 1,138,716,846 ¥ 255.55 Dec. 31, 2026 (%) ¥ 3,280,000 8.6 ¥ 289,000 54.8 ¥ 400,000 50.7 47.8¥ 417,000 Year ending Please refer to the accompanying materials, "1. Review of operations and financial results (3) Forecasts for the year ending December 31, 2026" on page 6 for further information related to the forecasts of operations. Change < 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, the occurrence of natural disasters, continued competitive pricing pressures in the marketplace, as well as the Company's ability to continue to gain acceptance of its products. -2-
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Kubota Corporation and Its Subsidiaries 1. Review of operations and financial results …………………………………………………………………………………………………………………….....................................................................................................................4 (1) Summary of the results of operations for the six-month period …………………………………………………………………………………………………………………….....................................................................................................................4 (2) Financial position …………………………………………………………………………………………………………………….....................................................................................................................5 (3) Forecasts for the year ending December 31, 2026 …………………………………………………………………………………………………………………….....................................................................................................................6 2. Other information …………………………………………………………………………………………………………………….....................................................................................................................6 (1) Changes in significant subsidiaries …………………………………………………………………………………………………………………….....................................................................................................................6 (2) Changes in accounting policies …………………………………………………………………………………………………………………….....................................................................................................................6 3. Condensed consolidated financial statements …………………………………………………………………………………………………………………….....................................................................................................................7 (1) Condensed consolidated statement of financial position …………………………………………………………………………………………………………………….....................................................................................................................7 (2) Condensed consolidated statement of profit or loss …………………………………………………………………………………………………………………….....................................................................................................................9 (3) Condensed consolidated statement of comprehensive income …………………………………………………………………………………………………………………….....................................................................................................................10 (4) Condensed consolidated statement of changes in equity …………………………………………………………………………………………………………………….....................................................................................................................11 (5) Condensed consolidated statement of cash flows …………………………………………………………………………………………………………………….....................................................................................................................12 (6) Significant matters serving as the basis for condensed consolidated financial statements preparation ……………………………………………12 (7) Notes to the going concern assumption …………………………………………………………………………………………………………………….....................................................................................................................12 (8) Consolidated segment information …………………………………………………………………………………………………………………….....................................................................................................................13 (9) Consolidated revenue by product group …………………………………………………………………………………………………………………….....................................................................................................................14 Index to Accompanying Material -3-
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Kubota Corporation and Its Subsidiaries - 4 - 1. Review of operations and financial results Effective from the beginning of the current consolidated fiscal year, the Company changed its business reporting structure based on changes in internal management reporting. Consequently, corporate expenses that were formerly included in the "Adjustment" have been included in each business segment. To reflect this change in this Earnings release, year-on-year comparisons are calculated based on the figures after the reclassification. (1) Summary of the results of operations for the six-month period For the six months ended June 30, 2026, revenue of Kubota Corporation and its subsidiaries (hereinafter, the “Company”) increased by ¥235.3 billion (16.2%) from the same period in the prior year to ¥1,690.3 billion. Domestic revenue increased by ¥29.6 billion (8.9%) from the same period in the prior year to ¥361.9 billion because of increased sales from Farm & Industrial Machinery, Water & Environment. Overseas revenue increased by ¥205.8 billion (18.3%) from the same period in the prior year to ¥1,328.4 billion because of increased sales from Farm & Industrial Machinery. Operating profit increased by ¥92.5 billion (64.7%) from the same period in the prior year to ¥235.6 billion mainly due to price revisions and higher sales volumes in North America for Farm & Industrial Machinery, as well as favorable exchange rates and U.S. tariff refunds, despite some negative factors such as cost increases related to U.S. tariffs and higher expenses due to inflation. Profit before income taxes increased by ¥96.3 billion (63.6%) from the same period in the prior year to ¥247.8 billion. Profit for the period increased by ¥68.3 billion (58.2%) to ¥185.7 billion, reflecting income tax expenses of ¥64.3 billion and share of profits of investments accounted for using the equity method of ¥2.3 billion. Profit attributable to owners of the parent increased by ¥81.2 billion (87.8%) from the same period in the prior year to ¥173.7 billion. Revenue from external customers and operating profit by each reportable segment were as follows: 1) Farm & Industrial Machinery Farm & Industrial Machinery is composed of farm equipment, agricultural-related products, engines, and construction machinery. Revenue in this segment increased by 18.1% from the same period in the prior year to ¥1,496.9 billion, which accounted for 88.6% of consolidated revenue. Domestic revenue increased by 13.1% from the same period in the prior year to ¥196.8 billion mainly due to increased sales of farm equipment and engines. Overseas revenue increased by 18.9% from the same period in the prior year to ¥1,300.1 billion. In North America, the construction machinery (hereinafter, the “CE”) market remained firm, supported by public investment and private construction demand. As for tractors, residential demand weakened due to the deterioration in business sentiment caused by the Middle East situation, and agricultural demand also slowed as farmers' income conditions worsened, while livestock demand remained firm, supported by high livestock product prices. In Europe, the tractor market held at the previous year's level, although it remained sluggish due to depressed agricultural product prices. Meanwhile, sales increased as inventories normalized from last year's adjustment phase. Demand for CE continues to recover, driven by expanding infrastructure investment. In Thailand, against a backdrop of weak farm incomes, the market remained at a low level and the challenging business environment continued. In India, market growth continues, driven by government rural support measures and favorable agricultural conditions. Operating profit in this segment increased by 56.4% from the same period in the prior year to ¥212.2 billion mainly due to price revisions and higher sales volumes in North America, as well as favorable exchange rates and U.S. tariff
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Kubota Corporation and Its Subsidiaries - 5 - refunds, despite negative factors such as cost increases related to U.S. tariffs and higher expenses due to inflation. 2) Water & Environment Water & Environment is composed of pipe system business (ductile iron pipes, plastic pipes, and other products), industrial products business (reformer and cracking tubes, spiral-welded steel pipes, air-conditioning equipment, and other products), and environment business (environmental control plants, pumps, and other products). Revenue in this segment increased by 3.7% from the same period in the prior year to ¥186.2 billion, which accounted for 11.0% of consolidated revenue. Domestic revenue increased by 5.1% from the same period in the prior year to ¥157.9 billion due to increased sales in each business. Overseas revenue decreased by 3.5% from the same period in the prior year to ¥28.3 billion due to decreased sales mainly in pipe system business. Operating profit in this segment increased by 3.1% from the same period in the prior year to ¥17.1 billion due to price increases that offset the impact of higher raw material costs. 3) Other Other is mainly composed of a variety of other services. Revenue in this segment decreased by 9.7% from the same period in the prior year to ¥7.2 billion and accounted for 0.4% of consolidated revenue. Operating profit in this segment decreased by 36.8% from the same period in the prior year to ¥0.4 billion. (2) Financial position a) Assets, liabilities, and equity Total assets as of June 30, 2026, were ¥6,354.6 billion, an increase of ¥149.6 billion from the prior fiscal year-end. With respect to assets, trade receivables increased mainly in the North America business. Total liabilities decreased from the prior fiscal year-end mainly due to a decrease in trade payables and other financial liabilities. Equity increased due to the accumulation of retained earnings and an improvement in other components of equity along with fluctuations mainly in foreign exchange rates. The ratio of equity attributable to owners of the parent to total assets stood at 44.0%, 1.7 percentage points higher than the prior fiscal year-end. b) Cash flows Net cash provided in operating activities during the six months ended June 30, 2026, was ¥190.6 billion, an increase of ¥47.8 billion in net cash inflow compared with the same period in the prior year. This increase resulted mainly from higher profit for the period and a decrease in finance receivables. Net cash used in investing activities was ¥68.6 billion, a decrease of ¥11.4 billion in net cash outflow compared with the same period in the prior year. This resulted mainly from a decrease in expenditure related to acquisition of property, plant, and equipment. Net cash used by financing activities was ¥107.6 billion, a decrease of ¥35.3 billion in net cash outflow compared with the same period in the prior year mainly due to a decrease in repayments of short-term borrowings. As a result of the above and after taking into account the effects of exchange rate changes, cash and cash equivalents as of June 30, 2026, were ¥303.3 billion, an increase of ¥26.3 billion from the beginning of the current period.
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Kubota Corporation and Its Subsidiaries - 6 - (3) Forecasts for the year ending December 31, 2026 The Company revised its forecast for revenue for the year ending December 31, 2026 upward to ¥3,280.0 billion, an increase of ¥130.0 billion from the previous forecast announced on February 12, 2026, supported by favorable exchange rates. Operating profit was revised upward to ¥400.0 billion, an increase of ¥100.0 billion from the previous forecast, supported by favorable exchange rates and U.S. tariff refunds despite higher raw material costs associated with the Middle East situation. Profit before income taxes was revised upward to ¥417.0 billion, an increase of ¥100.0 billion from the previous forecast, and profit attributable to owners of the parent was revised upward to ¥289.0 billion, an increase of ¥79.0 billion from the previous forecast. These forecasts are based on the assumption of exchange rates of ¥157=US$1 and ¥183=€1. (Unit: millions of yen, except earnings per share amounts) Year ending Dec. 31, 2026 (Reference) Revised forecasts Previous forecasts Change Year ended Dec. 31, 2025 Amount % Revenue 3,280,000 3,150,000 130,000 4.1 3,018,891 Operating profit 400,000 300,000 100,000 33.3 265,470 Profit before income taxes 417,000 317,000 100,000 31.5 282,140 Profit attributable to owners of the parent 289,000 210,000 79,000 37.6 186,687 Earnings per share attributable to owners of the parent-Basic 255.55 184.69 - - 163.44 2. Other information (1) Changes in significant subsidiaries None (2) Changes in accounting policies None
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Kubota Corporation and Its Subsidiaries 3. Condensed consolidated financial statements (1) Condensed consolidated statement of financial position ASSETS % % ¥ 303,282 ¥ 276,959 ¥ 26,323 1,106,700 1,001,683 105,017 Finance receivables 662,093 645,082 17,011 Other financial assets 165,262 159,598 5,664 Contract assets 28,768 52,537 (23,769) Inventories 718,916 688,893 30,023 Income taxes receivable 7,826 22,667 (14,841) Other current assets 67,724 75,762 (8,038) 3,060,571 48.2 2,923,181 47.1 137,390 Noncurrent assets: 56,913 54,653 2,260 Finance receivables 1,568,755 1,576,174 (7,419) Other financial assets 244,740 181,982 62,758 Property, plant, and equipment 935,158 940,382 (5,224) Goodwill 138,508 139,868 (1,360) Intangible assets 211,370 208,076 3,294 Deferred tax assets 104,501 109,138 (4,637) Other noncurrent assets 34,039 71,455 (37,416) 3,293,984 51.8 3,281,728 52.9 12,256 ¥ 6,354,555 100.0 ¥ 6,204,909 100.0 ¥ 149,646Total assets Current assets: Cash and cash equivalents Trade receivables June 30, 2026 Amount (Unit: millions of yen) Investments accounted for using the equity method Total noncurrent assets Total current assets Dec. 31, 2025 Amount Change Amount -7-
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Kubota Corporation and Its Subsidiaries LIABILITIES AND EQUITY % % Current liabilities: Bonds and borrowings ¥ 1,005,615 ¥ 860,439 ¥ 145,176 Trade payables 265,111 296,375 (31,264) Other financial liabilities 100,236 109,945 (9,709) Insurance contract liabilities 63,430 62,143 1,287 Income taxes payable 44,504 31,554 12,950 Provisions 82,107 83,133 (1,026) Contract liabilities 49,328 46,070 3,258 Other current liabilities 289,568 281,269 8,299 1,899,899 29.9 1,770,928 28.5 128,971 Noncurrent liabilities: Bonds and borrowings 1,251,120 1,381,640 (130,520) Other financial liabilities 54,305 68,961 (14,656) Retirement benefit liabilities 45,395 44,031 1,364 Deferred tax liabilities 55,326 58,191 (2,865) Other noncurrent liabilities 8,264 8,134 130 1,414,410 22.3 1,560,957 25.2 (146,547) 3,314,309 52.2 3,331,885 53.7 (17,576) Share capital 84,130 84,130 － Share premium 98,882 97,036 1,846 Retained earnings 2,112,195 1,955,883 156,312 Other components of equity 531,790 488,865 42,925 Treasury shares (32,231) (2,929) (29,302) 2,794,766 44.0 2,622,985 42.3 171,781 245,480 3.8 250,039 4.0 (4,559) 3,040,246 47.8 2,873,024 46.3 167,222 ¥ 6,354,555 100.0 ¥ 6,204,909 100.0 ¥ 149,646Total liabilities and equity Equity: Total equity Noncontrolling interests Total current liabilities Total equity attributable to owners of the parent Total liabilities Total noncurrent liabilities (Unit: millions of yen) June 30, 2026 Amount Dec. 31, 2025 Amount Change Amount -8-
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Kubota Corporation and Its Subsidiaries (2) Condensed consolidated statement of profit or loss % Amount % % Revenue ¥ 1,690,280 100.0 ¥ 1,454,933 100.0 ¥ 235,347 16.2 Cost of sales (1,142,520) (1,006,570) (135,950) Selling, general, and administrative expenses (312,367) (295,162) (17,205) Other income 12,173 20,808 (8,635) Other expenses (11,999) (30,981) 18,982 Operating profit 235,567 13.9 143,028 9.8 92,539 64.7 Finance income 15,557 13,409 2,148 Finance costs (3,373) (4,986) 1,613 Profit before income taxes 247,751 14.7 151,451 10.4 96,300 63.6 Income tax expenses (64,316) (34,801) (29,515) 2,250 730 1,520 Profit for the period ¥ 185,685 11.0 ¥ 117,380 8.1 ¥ 68,305 58.2 Profit attributable to: Owners of the parent ¥ 173,681 10.3 ¥ 92,479 6.4 ¥ 81,202 87.8 Noncontrolling interests 12,004 0.7 24,901 1.7 (12,897) (51.8) Earnings per share attributable to owners of the parent: Basic ¥ 152.96 ¥ 80.60 Diluted － － Share of profits (losses) of investments accounted for using the equity method (Unit: millions of yen, except earnings per share) Six months ended June 30, 2026 Amount Six months ended June 30, 2025 Amount Change -9-
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Kubota Corporation and Its Subsidiaries (3) Condensed consolidated statement of comprehensive income (Unit: millions of yen) ¥ 185,685 ¥ 117,380 ¥ 68,305 9,897 205 9,692 5,554 928 4,626 35,496 (137,520) 173,016 Total other comprehensive income, net of income tax 50,947 (136,387) 187,334 ¥ 236,632 ¥ (19,007) ¥ 255,639 ¥ 227,696 ¥ (28,628) ¥ 256,324 8,936 9,621 (685)Noncontrolling interests Items that may be reclassified subsequently to profit or loss: Exchange rate differences on translating foreign operations Comprehensive income for the period Comprehensive income attributable to: Owners of the parent Six months ended Six months ended ChangeJune 30, 2026 June 30, 2025 Profit for the period Other comprehensive income, net of income tax: Items that will not be reclassified subsequently to profit or loss: Remeasurement of defined benefit pension plans Net change in fair value of financial assets measured at fair value through other comprehensive income -10-
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Kubota Corporation and Its Subsidiaries (4) Condensed consolidated statement of changes in equity Six months ended June 30, 2026 (Unit: millions of yen) ¥ 84,130 ¥ 97,036 ¥ 1,955,883 ¥ 488,865 ¥ (2,929) ¥ 2,622,985 ¥ 250,039 ¥ 2,873,024 173,681 173,681 12,004 185,685 54,015 54,015 (3,068) 50,947 173,681 54,015 227,696 8,936 236,632 11,066 (11,066) － － (28,435) (28,435) (9,578) (38,013) 318 (29,302) (28,984) (28,984) (424) (424) (424) － (1,888) (1,888) 1,952 (24) 1,928 (2,029) (101) ¥ 84,130 ¥ 98,882 ¥ 2,112,195 ¥ 531,790 ¥ (32,231) ¥ 2,794,766 ¥ 245,480 ¥ 3,040,246 Six months ended June 30, 2025 (Unit: millions of yen) ¥ 84,130 ¥ 96,646 ¥ 1,832,348 ¥ 466,937 ¥ (2,747) ¥ 2,477,314 ¥ 262,452 ¥ 2,739,766 92,479 92,479 24,901 117,380 (121,107) (121,107) (15,280) (136,387) 92,479 (121,107) (28,628) 9,621 (19,007) 364 (364) － － (28,744) (28,744) (19,332) (48,076) (19,745) (19,745) (19,745) 5 5 5 224 16 240 (280) (40) ¥ 84,130 ¥ 96,875 ¥ 1,896,447 ¥ 345,482 ¥ (22,492) ¥ 2,400,442 ¥ 252,461 ¥ 2,652,903 Total equity Equity attributable to owners of the parent Share capital Share premium Other components of equity Retained earnings Treasury shares Noncontrolling interests Total equity attributable to owners of the parent Balance as of Jan. 1, 2026 Balance as of June 30, 2026 Purchases and sales of treasury shares Profit for the period Total other comprehensive income, net of income tax Comprehensive income for the period Transfer to retained earnings Dividends paid Share-based payment transactions Changes in ownership interests in subsidiaries Changes arising from loss of control of subsidiaries Balance as of June 30, 2025 Balance as of Jan. 1, 2025 Comprehensive income for the period Transfer to retained earnings Dividends paid Purchases and sales of treasury shares Changes in ownership interests in subsidiaries Profit for the period Total other comprehensive income, net of income tax Share-based payment transactions Equity attributable to owners of the parent Share capital Share premium Retained earnings Other components of equity Treasury shares Noncontrolling interests Total equity Total equity attributable to owners of the parent -11-
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Kubota Corporation and Its Subsidiaries (Unit: millions of yen) Cash flows from operating activities: Profit for the period ¥ 185,685 ¥ 117,380 Depreciation and amortization 71,372 62,491 (1,618) (2,417) Finance income and costs (6,924) (7,810) Income tax expenses 64,316 34,801 (2,250) (730) Increase in trade receivables (96,795) (1,306) Decrease (increase) in finance receivables 29,645 (4,822) Increase in inventories (18,390) (9,938) Decrease in other assets 31,166 19,354 Decrease in trade payables (33,563) (12,916) Increase (decrease) in other liabilities 1,430 (13,780) Net changes in retirement benefit assets and liabilities (808) 264 Gain on sales of businesses － (7,665) Other, net 692 4,008 Interest received 7,571 8,603 Dividends received 1,922 2,255 Interest paid (2,577) (1,942) Income taxes paid, net (40,280) (43,039) Net cash provided by operating activities 190,594 142,791 ¥ 47,803 Cash flows from investing activities: (58,139) (75,322) Payments for acquisition of intangible assets (16,103) (12,025) Proceeds from sales of property, plant, and equipment 6,010 7,314 Payments for acquisition of securities (8,859) (1,741) Proceeds from sales and redemptions of securities 107 273 Proceeds from sales of businesses 6,339 17,382 Proceeds from sales of subsidiaries 1,041 － Payments for acquisition of investments accounted for using the equity method (463) － Payments for loans receivable to associates (1,000) (7,100) Collection of loans receivable from associates 1,000 8,440 Payments for time deposits (8,063) (20,288) Proceeds from withdrawal of time deposits 7,768 30,760 Net decrease (increase) in restricted cash 751 (605) Net decrease (increase) in short-term investments 2,071 (26,974) Other, net (1,038) (69) Net cash used in investing activities (68,578) (79,955) 11,377 Cash flows from financing activities: Funding from bonds and long-term borrowings 289,289 415,610 Redemptions of bonds and repayments of long-term borrowings (362,795) (332,561) Net increase (decrease) in short-term borrowings 47,704 (153,048) Repayments of lease liabilities (12,981) (11,134) Net increase in deposits from Group financing (within three months) 5,103 5,249 Deposits from Group financing received (over three months) 14,277 13,686 Repayments of deposits from Group financing (over three months) (16,334) (12,845) Dividends paid (28,435) (28,744) Dividends paid to noncontrolling interests (9,578) (19,332) Purchases of treasury shares (30,768) (20,002) Payments for acquisition of interests in subsidiaries from noncontrolling interests (3,029) － Other, net (39) 257 Net cash used in financing activities (107,586) (142,864) 35,278 Effect of exchange rate changes on cash and cash equivalents 11,893 (14,243) 26,136 Net increase (decrease) in cash and cash equivalents 26,323 (94,271) Cash and cash equivalents, at the beginning of the period 276,959 295,130 Cash and cash equivalents, at the end of the period ¥ 303,282 ¥ 200,859 ¥ 102,423 (6) Significant matters serving as the basis for condensed consolidated financial statements preparation for the Preparation of Quarterly Financial Statements, etc. of Tokyo Stock Exchange, Inc. However, a part of the disclosures required under IAS 34, "Interim Financial Reporting" is omitted under Article 5, Paragraph 5 of the said preparation standards. None The quarterly condensed consolidated financial statements were prepared in accordance with Article 5, Paragraph 2 of the Standards (7) Notes to the going concern assumption (5) Condensed consolidated statement of cash flows ChangeSix months ended June 30, 2026 Six months ended June 30, 2025 Share of profits of investments accounted for using the equity method Payments for acquisition of property, plant, and equipment Gain from disposal of property, plant, and equipment and intangible assets, net -12-
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Kubota Corporation and Its Subsidiaries a) Reportable segments Information by reportable segment is summarized as follows: Six months ended June 30, 2026 Revenue External customers ¥ 1,496,902 ¥ 186,154 ¥ 7,224 ¥ － ¥ 1,690,280 Intersegment 168 5 14,034 (14,207) － Total 1,497,070 186,159 21,258 (14,207) 1,690,280 Operating profit ¥ 212,243 ¥ 17,129 ¥ 372 ¥ 5,823 ¥ 235,567 Six months ended June 30, 2025 Revenue External customers ¥ 1,267,350 ¥ 179,579 ¥ 8,004 ¥ － ¥ 1,454,933 Intersegment 100 8 14,323 (14,431) － Total 1,267,450 179,587 22,327 (14,431) 1,454,933 Operating profit ¥ 135,735 ¥ 16,610 ¥ 589 ¥ (9,906) ¥ 143,028 Notes: 1. 2. 3. 4. b) Geographic information Information about revenue from external customers by location is summarized as follows: (Unit: millions of yen) Japan ¥ ¥ North America Europe Asia outside Japan Other areas Total ¥ ¥ Notes: 1. 2. Beginning with this period, corporate expenses that were formerly included in the “Adjustments” have been allocated to each reportable segment based on a change in the internal management reporting. To reflect this change in presentation, the comparative information has been retrospectively adjusted. 344,040 39,443 1,454,933 361,899 712,318 216,909 348,160 50,994 (8) Consolidated segment information (Unit: millions of yen) Consolidated Consolidated Six months ended Six months ended Farm & Industrial Machinery Water & Environment Other Adjustments AdjustmentsOtherWater & Environment Farm & Industrial Machinery Adjustments include the items, such as the elimination of intersegment transfers and corporate expenses which are not allocated to any particular reportable segment. The corporate expenses included in Adjustments consist mainly of foreign exchange gains or losses incurred in Kubota Corporation. (Unit: millions of yen) There was no specific customer that exceeded 10% of total consolidated revenue of the Company. The aggregated amounts of operating profit are equal to those presented in the condensed consolidated statement of profit or loss. Please refer to the condensed consolidated statement of profit or loss for the reconciliation of operating profit to profit before income taxes. Intersegment transfers are recorded at values that approximate market prices. The revenue from North America included that from the United States of ¥640,888 million and ¥523,308 million for the six months ended June 30, 2026 and 2025, respectively. June 30, 2026 June 30, 2025 1,690,280 332,326 571,271 167,853 -13-
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Kubota Corporation and Its Subsidiaries (9) Consolidated revenue by product group % % % Farm Equipment and Engines ¥ 1,125,356 66.6 ¥ 995,048 68.4 ¥ 130,308 13.1 Domestic 180,960 157,807 23,153 14.7 Overseas 944,396 837,241 107,155 12.8 Construction Machinery 371,546 22.0 272,302 18.7 99,244 36.4 Domestic 15,857 16,265 (408) (2.5) Overseas 355,689 256,037 99,652 38.9 1,496,902 88.6 1,267,350 87.1 229,552 18.1 Domestic 196,817 11.7 174,072 12.0 22,745 13.1 Overseas 1,300,085 76.9 1,093,278 75.1 206,807 18.9 Pipe system 64,121 3.8 61,514 4.2 2,607 4.2 Domestic 63,516 59,889 3,627 6.1 Overseas 605 1,625 (1,020) (62.8) Industrial products 43,749 2.6 42,128 2.9 1,621 3.8 Domestic 25,357 23,368 1,989 8.5 Overseas 18,392 18,760 (368) (2.0) Environment 78,284 4.6 75,937 5.2 2,347 3.1 Domestic 68,985 66,995 1,990 3.0 Overseas 9,299 8,942 357 4.0 186,154 11.0 179,579 12.3 6,575 3.7 Domestic 157,858 9.3 150,252 10.3 7,606 5.1 Overseas 28,296 1.7 29,327 2.0 (1,031) (3.5) 7,224 0.4 8,004 0.6 (780) (9.7) Domestic 7,224 0.4 8,002 0.5 (778) (9.7) Overseas － － 2 0.1 (2) (100.0) ¥ 1,690,280 100.0 ¥ 1,454,933 100.0 ¥ 235,347 16.2 Domestic 361,899 21.4 332,326 22.8 29,573 8.9 Overseas 1,328,381 78.6 1,122,607 77.2 205,774 18.3 (Unit: millions of yen) Farm & Industrial Machinery Water & Environment Other Total Six months ended June 30, 2026 Six months ended June 30, 2025 Change AmountAmountAmount -14-