Kubota has announced a forecast for consolidated net profit of 289 billion yen for the fiscal year ending December 2026, up 54.8% from the previous year. The company raised its outlook from the previous forecast of 210 billion yen, citing solid construction machinery sales in North America and a weaker yen. This figure exceeds the consensus estimate of 228.8 billion yen from 10 analysts compiled by IBES. Revenue is expected to rise 8.6% to 3.28 trillion yen, with operating profit up 50.7% to 400 billion yen.
Kubota CorporationKubota raised its net profit forecast by 54% to 289 billion yen, beating consensus.