SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report Of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of March 2003.
Commission File Number: 2-58155
KUBOTA CORPORATION
(Translation of registrant’s name into English)
2-47, Shikitsuhigashi 1-chome, Naniwa-ku, Osaka, Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-Fx Form 40-F¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: Yes¨ Nox
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
Information furnished on this form:
Exhibit Number | ||
1. | Notice on transfer of shares of Kubota Lease Corporation (Thursday March 20, 2003). | |
2. | Notice with reference to purchase of treasury stock (Thursday March 20, 2003). | |
To whom it may concern
Kubota Corporation
2-47 Shikitsu-higashi 1-chome
Naniwa-ku Osaka 556-8601 Japan
Contact: IR Group
Finance & Accounting Department
Phone: +81-6-6648-2645
Notice on transfer of shares of Kubota Lease Corporation
Please be advised that Kubota Corporation resolved at the board of directors’ meeting held on March 20, 2003 that Kubota Corporation would transfer all the shares of Kubota Lease Corporation (a wholly-owned subsidiary) to Sumisho Auto Leasing Corporationas follows:
1. Background of the transfer of shares
Kubota Corporation (collectively “the Company”) is resolutely proceeding with the upgrading of its businesses portfolio and the strengthening of its financial position. The Company has now decided to transfer all the shares of Kubota Lease Corporation to Sumisho Auto Leasing Corporation.
Although Kubota Lease Corporation has the original customer base since its founding and has been recording stable business results, Kubota Lease Corporation needs further and major efforts in order to fortify its business position and build the superiority in the growing competition of the market.
Under the circumstances, the Company has made the decision to transfer all the shares of Kubota Lease Corporation to Sumisho Auto Leasing Corporation. The Company expects that the advanced and excellent business system and know-how owned by Sumisho Auto Leasing Corporation would help Kubota Lease Corporation to improve its competitiveness and to achieve its growth of business.
2. Overview of a subsidiary to be transferred
(1) Name: Kubota Lease Corporation
(2) Principal: Teruyoshi Matsubayashi
(3) Address: Ginsen-Shin-Osaka building, 5-15, Nishinakajima 7-Chome, Yodogawa-ku, Osaka
(4) Date of incorporation: May 16, 1986
(5) Principal businesses: Leasing
(6) Fiscal year end: March 31
(7) The number of employees: 91 (as of March 20, 2003)
(8) Principal places of operations: Osaka
(9) Capital: 50 million yen
(10) The number of shares outstanding: 1,000
(11) Major shareholders and ratio: Kubota Corporation 1,000 shares (owning 100%)
(12) Recent financial results
1
(In millions of yen)
Year ended March 31, 2001 | Year ended March 31, 2002 | |||
Sales | 15,124 | 15,048 | ||
Operating Income | 440 | 564 | ||
Ordinal Income | 28 | 338 | ||
Net Income | 9 | 197 | ||
Total Assets | 30,053 | 27,197 | ||
Shareholders’ Equity | 725 | 917 |
3. Overview of Transferee
(1) Name: Sumisho Auto Leasing Corporation
(2) Principal: President and Representative Director Tadao Yuasa
(3) Address: 6-1, Nishishinjuku 2-Chome, Shinjuku-ku, Tokyo
(4) Principal businesses: Car Leasing
(5) Relation with Kubota Corporation:
i) in capital or stockholding: | None | |
ii) in exchanging directors, senior management or other personnel: | None | |
iii) in business transaction: | None |
4. Shares to be transferred
i) Number of shares owned by Kubota Corporation before transfer: | 1,000 shares (100% owned) | |
ii) Number of shares to be transferred (projected): | 1,000 shares | |
iii) Number of shares owned by Kubota Corporation after transfer: | 0 shares (0% owned) |
5. Schedule
March 20, 2003 | Resolution at the board of directors’meeting | |
March 25, 2003 | Contract of the transfer of shares (projected) | |
April 1, 2003 | Transfer of shares (projected) |
6. Future outlook
The transfer will be implemented in April 1, 2003. Accordingly, Kubota Corporation projects that the financial effects resulting from the transfer of shares of Kubota Lease Corporation on the consolidated results in the year ending March 31, 2003 will not be material.
End of document
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To whom it may concern
KUBOTA CORPORATION
2-47, Shikitsu-higashi 1-chome,
Naniwa-ku, Osaka 556-8601, Japan
Contact: IR Group
Finance & Accounting Department
Phone: +81-6-6648-2645
Notice with reference to purchase of treasury stock
Please be advised of the following on the purchase of treasury stock pursuant to Article 210 of the Commercial Code.
1. Term for acquisition : | From February 19, 2003 to March 19, 2003 | |
2. Total number of shares acquired : | 4,361,000 shares | |
3. Total amount of shares acquired : | ¥1,373,715,000 |
(Reference)
Results of purchase as of March 19, 2003
Number of Shares | Amount of shares | ||||
What authorized on purchase of treasury stock at the ordinary general meeting of shareholders held on June 26, 2002 | Not exceeding 50 million shares |
| Not exceeding ¥20 billion | ||
Cumulative results of purchase from June 27, 2002 | 43,916,000 shares |
| ¥14,641,001,000 | ||
Ratio | 87.83 | % | 73.21% |
End of document
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
KUBOTA CORPORATION | ||||||||
Date: March 25, 2003 | By: | /s/ Daisuke Hatakake | ||||||
Name: Daisuke Hatakake Title: Managing Director Principal Financial And Accounting Officer | ||||||||
