Kubota : Notice of Candidates for the Board of Directors
November 30, 2018 at 01:07 am
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November 30, 2018
FOR IMMEDIATE RELEASE
Contact: IR Group
Global Management Promotion Dept.
2-47, Shikitsuhigashi 1-chome,
Naniwa-ku, Osaka 556-8601, Japan
Phone: +81-6-6648-2645
Notice of Candidates for the Board of Directors
Kubota Corporation (hereinafter "the Company") has resolved at the Extraordinary Meeting of the Board of Directors held on November 30, 2018 to propose the following persons as candidates for the Board of Directors at the 129th Ordinary General Meeting of Shareholders to be held in late March 2019.
1) Candidates for the Board of Directors <Date of assuming office: late March 2019 (to be scheduled)>
Name
Current responsibility
Masatoshi Kimata
President and Representative Director
Yuichi Kitao
Director and Senior Managing Executive Officer
(To be Representative Director and Executive Vice President as of January
1,2019)
Masato Yoshikawa
Director and Senior Managing Executive Officer
Shinji Sasaki
Director and Senior Managing Executive Officer
Toshihiko Kurosawa
Managing Executive Officer
(New nomination for Director,
To be Senior Managing Executive Officer as of January 1,2019)
Dai Watanabe
Managing Executive Officer
(New nomination for Director,
To be Senior Managing Executive Officer as of January 1,2019)
Yuzuru Matsuda
Outside Director
Koichi Ina
Outside Director
Yutaro Shintaku
Outside Director
2) Retirement of Directors (Expiration of the term of office)
<Date of retirement: late March 2019 (to be scheduled)>
Name
After retirement
Toshihiro Kubo
Adviser
Shigeru Kimura
Adviser
Kenshiro Ogawa
Adviser
< 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, the occurrence of natural disasters, 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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Kubota Corporation published this content on 30 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 November 2018 06:06:04 UTC
Kubota Corporation specializes in the manufacturing and marketing of industrial and agricultural machines and water purifying and distribution equipments. Net sales break down by family of products as follows:
- industrial and agricultural machines (84.9%): tractors, harvesters, transplantors, mowers, etc.;
- water purifying and distribution systems (13.9%): ductile cast iron, steel and plastic pipes, valves, recycling pumps, incinerators, ceramic filters, used water purifiers, etc.;
- other (1.2%): industrial pieces, steel tubes, building machines, etc.
Net sales break down geographically as follows: Japan (27.4%), Asia (18.5%), North America (37.3%), Europe (13%) and other (3.8%).