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KUBOTA CORPORATION REPORTS RESULTS OF OPERATIONS FOR THE FIRST SIX MONTHS ENDED SEPT. 30, 1992

 OSAKA, Japan, Nov. 20 ~PRNewswire~ -- Kubota Corporation (NYSE: KUB), Japan's leading manufacturer of farm equipment, pipes, industrial machinery and building materials, today posted its results of operation on both consolidated and parent only bases for the first six months ended Sept. 30, 1992.
 The company reported the company's consolidated sales for the year from April 1, 1992 to Sept. 30, 1992 increased by 1.2 percent, or 5.3 billion yen, to 434.3 billion yen from the first six months of last year.
 In the domestic market, sales of the Environmental Control Plant Group expanded substantially, but sales of the Farm & Industrial Machinery Group, the Pipe & Fluid Systems Engineering Group, the Building Materials & Housing Group and other group decreased slightly attributable to Japanese economic slow down. As a result, overall domestic sales were 350.3 billion yen, a decrease of 6.1 billion yen, or 1.7 percent, from the first six months of last year.
 Overseas sales soared by 15.6 percent, or 11.3 billion yen, to 84.0 billion yen from the first six months of last year as sales of ductile iron pipes, valves, agricultural machinery and electronics-related products surged strongly. The ratio of overseas sales jumped 2.4 percentage points to 19.3 percent.
 Operating income tumbled by 23.3 percent, or 3.66 billion yen, to 12.07 billion yen from the first six months of last year due to an increase in selling, general & administrative expenses. On the other hand, net income soared by 16.2 percent, or 295 million yen, to 2.11 billion yen because of a decrease in income taxes and equity in net loss of unconsolidated subsidiaries and associated companies. Consequently, net income per ADS gained 4 yen to 30 yen from the first half of last year.
 Business results (Six months ended Sept. 30, 1991 and 1992).
 KUBOTA CORPORATION
 (In million of yen)
 1992 1991
 Net sales 434,304 429,049
 Operating income 12,071 15,735
 Income before income taxes(A) 10,433 13,335
 Net income 2,111 1,816
 Percent of net sales 0.5 pct. 0.4 pct.
 Net income per American
 Depositary Share(B) 30 26
 (A) Income before income taxes represents income before income taxes and equity in net loss of unconsolidated subsidiaries and associated companies.
 (B)Computed based on the weighted average number of common shares outstanding during each period.
 -0- 11~20~92
 ~CONTACT: Masaru Tsukamoto of Kubota Corporation, 212-490-8050, or fax, 212-370-9656~
 (KUB)


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

PS -- NY006 -- 3210 11~20~92 07:09 EST
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Date:Nov 20, 1992
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