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KubotaKUBOTA CORPORATION6326東証プライム機械FY ending Dec 2025, consolidated, IFRS

Kubota FY ending Dec 2025 results

About 88% of Kubota's sales come from Machinery, with Water and Environment making up much of the rest.

Out of every ¥100 of sales, about ¥9 is left as operating profit.

Revenue changed +0.1% from the prior year, operating profit -15.9%.

Revenue and profit pattern

Revenue up, profit downRevenue grew faster

Revenue +0.1% · profit -15.9%, calculated from disclosed figures.

What changed from last year

FY ending Dec 2024 → FY ending Dec 2025

Revenue
+0.1%¥3.02T → ¥3.02T
Gross profit
-4.7%¥928B → ¥884.3B
Operating income
-15.9%¥315.6B → ¥265.5B
Net income attributable to owners
-19.0%¥230.4B → ¥186.7B
Operating cash flow
+16.2%¥282.1B → ¥327.9B
Free cash flow
+108.6%¥68.1B → ¥142B

Results at a glance

  • Revenue in FY ending Dec 2025 was ¥3.02T, almost unchanged at +0.1%.
  • Profits fell: gross profit was down 4.7%, operating income down 15.9% to ¥265.5B, and net income down 19.0% to ¥186.7B.
  • Cash generation improved, with operating cash flow up 16.2% to ¥327.9B and free cash flow rising from ¥68.1B to ¥142B.

What drove the change

  • US tariffs raised costs, and the machinery business sold fewer units with a less profitable product mix
  • In North America, tractor sales fell as dealers cut inventory and construction equipment sales settled to normal demand, while farm machinery in Japan and sales in India grew
  • Lower dealer incentives slowed the growth of finance receivables and working capital went down, lifting operating cash flow

Things to watch

  • Changes in tariffs and trade policy, especially in the US, can raise costs or hurt sales
  • Most sales are overseas, so a stronger yen tends to weigh on results
  • Higher interest rates raise incentive costs, particularly in the US

Annual Securities Report (136th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (136th term) / 事業等のリスク

Where the money goes

FY ending Dec 2024 → FY ending Dec 2025

Where ¥100 of sales goes

For every ¥100 Kubota sells, how much goes where, and how much is kept.

FY ending Dec 2025
Cost of sales
¥71
SG&A
¥20
Operating profit
¥9
Net profit kept
¥6

Annual margin trends

Gross margin29.3%
FY ending Dec 2020: 28.9%28.9%FY ending Dec 2021: 28.8%28.8%FY ending Dec 2022: 25.6%25.6%FY ending Dec 2023: 29.0%29.0%FY ending Dec 2024: 30.8%30.8%FY ending Dec 2025: 29.3%29.3%FY20FY21FY22FY23FY24FY25
Operating margin8.8%
FY ending Dec 2020: 9.5%9.5%FY ending Dec 2021: 11.1%11.1%FY ending Dec 2022: 8.0%8.0%FY ending Dec 2023: 10.9%10.9%FY ending Dec 2024: 10.5%10.5%FY ending Dec 2025: 8.8%8.8%FY20FY21FY22FY23FY24FY25
Net margin6.2%
FY ending Dec 2020: 6.9%6.9%FY ending Dec 2021: 8.0%8.0%FY ending Dec 2022: 5.8%5.8%FY ending Dec 2023: 7.9%7.9%FY ending Dec 2024: 7.6%7.6%FY ending Dec 2025: 6.2%6.2%FY20FY21FY22FY23FY24FY25

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Dec 2025

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第136期(2025/01/01－2025/12/31)

    ID S100XR0M2026-03-16Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第135期(2024/01/01－2024/12/31)

    ID S100VPNV2025-05-09Open

  • EDINET (FSA Japan)

    有価証券報告書－第134期(2023/01/01－2023/12/31)

    ID S100T32K2024-03-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第133期(2022/01/01－2022/12/31)

    ID S100QFK42023-03-24Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第132期(令和3年1月1日－令和3年12月31日)

    ID S100O0MA2022-05-13Open

  • EDINET (FSA Japan)

    有価証券報告書－第131期(令和2年1月1日－令和2年12月31日)

    ID S100KYRY2021-03-19Open

Extracted from XBRL: 43 / Derived from other figures: 2

Spotted an error? Report it (corrections keep the original record)

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