Kubota Reports Revenue Down 8.9% in 1H20; Ag Sales Down 8.5%

During the first half of 2020, Kubota’s revenues and profits both dropped. The company cited negative impact from the ongoing COVID-19 pandemic.

For the 6 months ended June 30, 2020, Kubota reported its revenue decreased by $820 million year-over-year to $8.4 billion, an 8.9% decline.

Domestic revenue in the first half of 2020 decreased by 6.4% or $190 million year-over-year to $2.7 billion. Overseas revenue decreased by 10.1% or $630 million from the same period…

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