Kubota Corporation · Fiscal year ended December 2025
Water pipes came before farm machinery: Kubota's two pillars after 135 years.
Kubota brings tractors and combines to mind, and the current numbers support that image. FY2025 revenue was ¥3.019 trillion, and Farm & Industrial Machinery generated ¥2.629 trillion, or 87.1% of consolidated revenue. But the company's history contains another branch that started earlier. Kubota began as a foundry in 1890 and started manufacturing cast-iron water pipes in 1893. Agro-industrial engines followed in 1922. Water & Environment still generates ¥374.4 billion, or 12.4% of revenue. Kubota became enormous through machinery while keeping an early water-infrastructure business alive for more than 130 years.
This is not investment advice or a stock recommendation. We reorder company-published primary-source facts to make the shape of the business easier to see.
Kubota brings farm machinery to mind first.
Tractors. Combines. Rice transplanters.
The current numbers confirm that this remains the center.
Revenue is ¥3.019 trillion
Machinery clearly dominates the current company.
Farm & Industrial Machinery is ¥2.629tn, or 87.1%
Within that machinery base, farm equipment and engines are the largest piece.
Farm Equipment & Engines alone is ¥2.003tn
Construction Machinery is ¥625.3bn
Yet another business has survived for more than 130 years.
Water & Environment is ¥374.4bn, or 12.4%
Machinery dominates, but Water & Environment remains material
FY2025 revenue. Farm Equipment & Engines and Construction Machinery are components of the machinery business.
That scale is no longer driven mainly by Japan.
77.3% of revenue is overseas
So far, Kubota looks like a huge farm- and construction-machinery company.
But its first major social-infrastructure business was not agriculture.
Kubota began as a foundry in 1890
That casting capability first moved into water infrastructure.
Cast-iron water pipes began in 1893
The machinery branch that later became central came later.
Agro-industrial engines followed in 1922
After World War II, that branch became much closer to the Kubota image of today.
Cultivators in 1947, riding tractors in 1960
Farm machinery eventually became far larger than water pipes.
But the water business did not disappear.
Today machinery is 87.1%.
Water & Environment is 12.4%.
The sizes are very different.
Still, the fact that a water business started in 1893 remains a ¥374 billion business more than 130 years later changes the way Kubota’s history looks.
THE VIEW AFTER THE NUMBERS
What the numbers suggest
Kubota generated ¥3.0189 trillion of revenue and ¥265.5 billion of operating profit in FY2025.
Farm & Industrial Machinery generated ¥2.6286 trillion, or 87.1% of consolidated revenue. The presentation breaks that into ¥2.0033 trillion of Farm Equipment & Engines and ¥625.3 billion of Construction Machinery.
Water & Environment generated ¥374.4 billion, or 12.4%.
The company began as a foundry in 1890 and entered cast-iron water pipes in 1893. Agro-industrial engines followed in 1922, cultivators in 1947 and riding tractors in 1960.
In other words, water pipes came 29 years before the engine business that led toward modern farm machinery.
Kubota is not secretly a water company. The current numbers make it clearly a machinery company.
The more useful reading is that machinery supporting food and infrastructure supporting water became two long-running pillars, even though they are now very different in size.
Primary sources used
Financial Results for FY2025
Kubota Corporation · 2026-02-12
Pages used: p.4
Open source →Financial Results for the Year Ended December 31, 2025
Kubota Corporation · 2026-02-12
Pages used: p.5 / p.6
Open source →Corporate History
Kubota Corporation
Open source →