Since the dawn of time, man has continually used his ingenuity to develop and perfect the tools needed to feed and clothe himself and those around him.
Nippon.com is reporting that Kubota Corp. will release a rice planting machine with automated driving functions in October. Earlier this month, the company said that it was investing in a harvesting robot manufacturer based in the U.S.
According to Jiji Press, Kubota Corp. said it will spend some 9 billion yen ($83,250,083) to establish a research and development center for lawn mowers and utility vehicles in the state of Georgia.
Kubota will have 60% ownership of the manufacturing joint venture, which is said to have an initial capacity of 50,000 units and the resources to jointly develop new products.
For the nine months ended Sept. 30, 2016, revenues of Kubota Corp. and its subsidiaries decreased by 73.6 billion yen ($683.7 million), or 5.9%, from the same period in the prior year to 1.18 trillion yen ($11.1 billion).
Diversity in its product range and in the markets it serves proved beneficial to Kubota Corp. last year as buoyant sales of compact tractors to homeowners in North America offset a decline in mid-size tractor sales.
On the heels of a 5.2% increase in revenues during its fiscal year 2015, Kubota Corp. says it plans to push ahead with further expansion into the large ag machinery market.
In its most recent earnings release, Kubota reiterated its medium-to-long-term plan to grow profits by moving into the row-crop and large tractor segment of North American and European markets.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Marc Johnson, principal with Pinion, provides 4 factors that will be important for dealers to watch in 2025 that will impact their business.
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