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KUBOTA CORPORATION ANNOUNCES BUSINESS RESULTS FOR THE YEAR ENDED MARCH 31, 1993

 OSAKA, Japan, May 27 /PRNewswire/ -- Kubota Corporation (NYSE: KUB), Japan's leading manufacturer of farm equipment, pipes, industrial machinery and building materials, today, announced its business results on both consolidated and parent-only bases for the year ended March 31, 1993.
 The company reported the company's consolidated sales for the year from April 1, 1992 to March 31, 1993, grew by 31.2 billion yen to 940.4 billion yen from the previous fiscal year.
 consolidated domestic sales rose by 13.4 billion yen to 778.5 billion yen. Sales to the private sector, including industrial castings, construction machinery, vending machines and electronic equipped machinery, shrank because of sluggish corporate capital investment reflecting Japan's severe economic slowdown.
 However, sales to the public sector advanced thanks to the government's package of economic stimulus measures. Specifically, steady sales increase of the pipe and fluid systems engineering group and the environmental control plant group, which also increased in the previous year, contributed to the rise.
 Consolidated overseas sales surged by 17.8 billion yen to 161.9 billion yen from the previous year. The rise was attributable to sharp sales expansion in the pipe and fluid systems engineering group. The sales of ductile iron pipe for China and the Middle East and pumps for Southeast Asia greatly contributed to the sales growth overseas. In addition, the stable sales rise in the farm machinery, engines and construction machinery also pulled up overseas sales.
 As a result, the overseas sales accounted for 17.2 percent of the overall sales in the fiscal year ended March 31, 1993, up 1.3 percentage point from the previous year.
 Consolidated operating income rose by 2,043 million yen to 30,693 million yen. Net income also advanced by 1,371 million yen to 5,593 million yen. Consequently, net income per ADS rose by 19 yen to 79 yen on a consolidated basis.
 The United States dollar amounts are translated from Japanese yen for convenience based on an arithmetical computation at the rate of 116 yen to U.S. $1, the exchange rate in effect at March 31, 1993.
 Consolidated statements of income compared with the previous year. (Figures in brackets denote changes)
 KUBOTA CORPORATION
 (In millions of yen)
 1993 1992
 Net sales 940,384 ( 3.4 pct.) 909,188 ( 1.8 pct.)
 Operating income 30,693 ( 7.1 pct.) 28,650 (-23.0 pct.)
 Income before income taxes 17,587 (-52.3 pct.) 36,880 ( -5.9 pct.)
 Net income 5,593 ( 32.5 pct.) 4,222 (-41.6 pct.)
 Net income per ADS 79 yen 60 yen
 Ratio of net income
 to shareholders' equity 1.8 pct. 1.3 pct.
 Ratio of income before income
 taxes to total assets 1.6 pct. 3.4 pct.
 Ratio of income before income
 taxes to net sales 1.9 pct. 4.1 pct.
 Total assets 1,128,661 1,084,780
 Shareholders' equity 312,470 315,805
 Shareholders' equity
 to total assets 27.7 pct. 29.1 pct.
 Shareholders' equity
 per ADS 4,437 yen 4,484 yen
 -0- 5/27/93
 /CONTACT: Masaru Tsukamoto of Kubota Corporation, 212-490-8050, or fax, 212-370-9656/
 (KUB)


CO: Kubota Corporation ST: IN: MAC SU: ERN

PS -- NY015 -- 2723 05/27/93 06:29 EDT
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Date:May 27, 1993
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