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KUBOTA ANNOUNCES RESULTS FOR THE YEAR ENDED MARCH 31, 1992

 KUBOTA ANNOUNCES RESULTS FOR THE YEAR ENDED MARCH 31, 1992
 TOKYO, May 27 /PRNewswire/ --- Kubota Corporation (NYSE: KUB), Japan's leading manufacturer of farm equipment, pipes, industrial machinery and building materials, today issued its business results on both consolidated and parent-only basis for the year ended March 31, 1992.
 The company reported consolidated sales for the year from April 1, 1991 to March 31, 1992 rose by 16.3 billion yen to 909.2 billion yen from the previous fiscal year.
 Consolidated domestic sales rose by 18.3 billion yen to 765.1 billion yen from the previous period due to steady sales of the Pipe & Fluid Systems Engineering, the Farm & Industrial Machinery and the Environmental Control Facilities Group, which offset a decline in sales of the Building Materials & Housing Group caused by a recession in domestic housing industry.
 However, consolidated overseas sales fell by 2.0 billion yen to 144.1 billion yen from the previous fiscal year. The decline resulted from the fact that while sales of the Pipe & Fluid Systems Engineering Group, including ductile iron pipe, pumps and valves surged strongly, sales of the Farm & Industrial Machinery Group tumbled due to stagnant demand for tractors in Europe, North America and Oceania. The ratio of export sales sagged 0.5 percentage points to 15.9 percent.
 Operating income declined by 8,570 million yen to 28,650 million yen. Net income also plunged by 3,012 million yen to 4,222 million yen. Net income per share for the period shrunk by 2.14 yen to 3.00 yen.
 The United States dollar amounts are translated from Japanese yen for convenience based on an arithmetical computation at the rate of 133 yen to US$1, the exchange rate in effect at March 31, 1992.
 KUBOTA CORPORATION
 Consolidated statements of income
 (In million of yen)
 (figures in brackets denote changes -- indicates decrease)
 Year ended 1992 1991
 Net sales 909,188 (1.8 pct.) 892,874 (8.6 pct.)
 Operating income 28,650 (-23.0 pct.) 37,220 (2.5 pct.)
 Pretax income 36,880 (-5.9 pct.) 39,188 (23.0 pct.)
 Net income 4,222 (-41.6 pct.) 7,234 (-4.8 pct.)
 Net income per share 3.00 yen 5.14 yen
 Net return on equity 1.3 pct. 2.3 pct.
 Pre-tax income ratio
 against total capital 3.4 pct. 3.8 pct.
 Pre-tax net income
 ratio against net sales 4.1 pct. 4.4 pct.
 Total assets 1,084,780 1,074,150
 Equity 315,805 318,079
 Equity ratio 29.1 pct. 29.6 pct.
 Equity per share 224.19 yen 225.82 yen
 -0- 5/27/92
 /CONTACT: Masaru Tsukamoto of Kubota's New York Office, 212-490-8050, or fax, 212-370-9656/
 (KUB) CO: Kubota Corporation ST: IN: MAC SU: ERN


SM -- NY080 -- 4456 05/27/92 17:22 EDT
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Date:May 27, 1992
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