For the first 9 months of 2019 ended Sept. 30, Kubota Corp. reported revenues increased by $888.2 million (7.1%) from the same period in the prior year to $13.5 billion. Domestic revenue increased by $534.4 million (13.7%) from the same period in the prior year to $4.4 billion. The company attributed the increase largely to a significant rise in revenue in Farm & Industrial Machinery.

Overseas revenue increased by $353.8 million (4.1%) from the same period in the prior year to $9 billion because revenue in Farm & Industrial Machinery increased due to strong sales of tractors and construction machinery.

Operating profit increased by $163.1 million (12%) from the same period in the prior year to $1.5 billion. This  increase was mainly due to some positive effects from increased sales in the domestic and overseas markets, decreased sales promotion expenses resulting from lower interest rates in the U.S. and increased product prices. These positive effects compensated for some negative effects such as increased fixed costs and a rise in material prices. Profit before income taxes increased by $163.1 million (11.5%) from the same period in the prior year to $1.6 billion due to increased operating profit.

Source: Ag Equipment Intelligence