2nd Notice on the Effects of the Pacific Coast of Tohoku Earthquake
April 1, 2011
Kubota Corporation (hereinafter "the Company") extends heartfelt condolences to the people affected by the Pacific Coast of Tohoku Earthquake.
The effects of the earthquake on the Company's operations at this moment are as follows.
The situation of damage
- As announced on March 22, 2011, there was no human damage for the Company's employees.
- As announced on March 22, 2011, there were the partial damages for equipment and buildings in five plants: Tsukuba, Utsunomiya, Ryugasaki, Funabashi and Ichikawa.
The effect on production
The production was resumed at the above five plants. However, it is being partially affected by parts supply constraint and intermissive outage. The Company is making concerted efforts together to restore full production at those plants.
The effect on business performances
The amount of damage caused by the earthquake is not examined at this moment. An announcement will be made promptly if a significant impact on Kubota's consolidated financial result is anticipated.
- < Cautionary Statements with Respect to Forward-Looking Statements >
- This document may contain forward-looking statements that are based on management's expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, without limitation: general economic conditions in the Company's markets, particularly government agricultural policies, levels of capital expenditures, both in public and private sectors, foreign currency exchange rates, continued competitive pricing pressures in the marketplace, as well as the Company's ability to continue to gain acceptance of its products.
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