Kubota Corporation manufactures agricultural machinery and equipment, water systems infrastructure, and other industrial products. The company operates through three segments: Farm & Industrial Machinery, Water & Environment, and Other. Headquartered in Japan, Kubota operates in more than 110 countries and has over 35,000 employees.
Kubota Corporation enables its customers’ sustainability, manages the environmental impact of its operations, and performs social outreach in order to be a responsible corporate citizen. The company utilizes its experience in the agricultural industry to operate concept farms that employ new environmental and sustainability solutions that it then recommends to its customers. Additionally, Kubota provides infrastructure such as treatment plants and piping to water-insecure regions in order to improve economic growth and quality of life. The company has set a 2030 goal to increase the sales ratio of Eco-Products to 80%. Additionally, to be an “Eco-First Company”, Kubota sets operational sustainability goals for short, medium and long-term windows. By 2020, the company aims to decrease its CO2 emissions intensity 14%, energy intensity 10%, waste generation intensity 10% and water intensity 10%. Kubota targets a 70% increase in its usage ratio of recycled materials by 2020 as well. Each year, the company and its employees conduct social outreach activities with focuses in the areas of food, water and the environment.
Kubota Corporation has been found responsible for numerous asbestos-related illnesses and deaths in recent years. Additionally, the company was fined for a bid-rigging scheme in Japan. Kubota recently underwent a recall of its utility vehicles due to injury and collision hazards.
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/16 and may not reflect current opinions or subsequent events.