Kubota's first quarter net profit exceeds expectations.

Kubota announced that its first-quarter net profit exceeded analysts' average expectations. First quarter net profit was 14 billion rupees, compared to 3.04 billion rupees in the same period last year, and Bloomberg consensus expectations of 2.89 billion rupees. Revenue was 24.8 billion rupees, a 3.1% decrease compared to the previous year, with expectations of 25.82 billion rupees. Agricultural machinery sales were 21.8 billion rupees, a 0.5% increase compared to the previous year, with expectations of 23.38 billion rupees. Engineering equipment revenue was 3.01 billion rupees, a 21% decrease compared to the previous year, with expectations of 3.34 billion rupees. Total costs were 22 billion rupees, a 3.9% decrease compared to the previous year. Financial costs were 36.4 million rupees, a 64% decrease compared to the previous year. Profit before interest, taxes, depreciation, and amortization was 3.25 billion rupees, a 2.5% increase compared to the previous year, and exceeding expectations of 3.17 billion rupees.