Kubota Revenues Decline 6.8% in 1H16, FIM Down 5.9%

For the 6 months ended June 30, 2016, Kubota Corp. revenues fell to $7.9 billion, or by 6.8%, compared to the first half of 2015. Domestic revenues declined by $130 million to $2.8 billion, or 4.4%, according to the company’s earnings report. Overseas revenues fell by 8% to $5.1 billion.

Kubota reported that during the first 6 months of the year, Farm & Industrial Machinery (FIM) revenues were down nearly 6% to $6.3 billion due…

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