Despite Sales Falloff, Kubota Raises Profit Forecast

Kubota Corp., Asia’s largest tractor maker based in Osaka, Japan, said on November 6 that first-half profit fell on weaker demand for construction machinery and the yen’s strength against the dollar. Nonetheless, the company raised its annual profit forecast to $462 million from $445 million. It posted a $535 million profit a year earlier.

Net income fell 46% to $213 million for the 6-months ended on September 30 the company said on November 6. Sales…

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