Kubota Corp., Asia’s largest tractor maker based in Osaka, Japan, said on November 6 that first-half profit fell on weaker demand for construction machinery and the yen’s strength against the dollar. Nonetheless, the company raised its annual profit forecast to $462 million from $445 million. It posted a $535 million profit a year earlier.
Net income fell 46% to $213 million for the 6-months ended on September 30 the company said on November 6. Sales…
This is subscription content for VIP Members. A VIP membership gives you all things Ag Equipment Intelligence all the time! Compare the three levels of access:
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Download these helpful knowledge building tools
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
