Kubota Corporation has released its consolidated financial results for the first quarter of 2024, showcasing a solid performance. Despite a slight decline in revenue by 0.8% to ¥775,232 million, the company achieved significant growth in key profitability metrics. Operating profit rose by 54.6% to ¥102,950 million, and profit attributable to owners of the parent increased by 5.5% to ¥72,922 million.
The results reflect Kubota's strong market position and operational efficiency. Notably, the comprehensive income for the period surged by 76.8% to ¥187,158 million, indicating robust overall financial health. Earnings per share (EPS) for owners of the parent also saw a notable rise, reaching ¥62.06, up from ¥58.11 in the same period last year.
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