Kubota : Notice of Change of Management（168KB）

November 9, 2022

FOR IMMEDIATE RELEASE

Contact: IR Section

Corporate Planning & Control Dept.

2-47, Shikitsuhigashi 1-chome,

Naniwa-ku, Osaka 556-8601, Japan

Phone: [phone]

Notice of Change of Management

Kubota Corporation (hereinafter "the Company") has resolved at the Meeting of Board of Directors held on November 9, 2022 to change Executive Officers to be effective from January 1, 2023 as follows.

1) Change of Title of Executive Officers

Name	New title	Current title
Dai Watanabe	Director and Executive Vice President	Director and Senior Managing
Executive Officer
Hiroto Kimura	Director and Senior Managing	Director and Managing Executive
Executive Officer	Officer
Nobuyuki Ishii	Senior Managing Executive Officer	Managing Executive Officer
Hirohiko Arai	Managing Executive Officer	Senior Executive Officer

1. Retirement of Executive Officers (Expiration of the term of office)

	Name		New title	Current title
	Yasuo Nakata		Advisor	Managing Executive Officer
	Takao Shomura		Advisor	Managing Executive Officer
			President and Representative Director	Managing Executive Officer
	Mutsuo Uchida		President and Representative
		of Kubota Construction Co., Ltd.	Director of Kubota Construction Co.,
				Ltd.
	Kazuhiro Shinabe		Advisor	Managing Executive Officer
	Ryoji Kuroda		Advisor	Managing Executive Officer
3) Appointment of Executive Officers
	Name		Current title
	Patrick Verheecke		President of Kubota Europe S.A.S.
	Sumio Morioka		General Manager of Materials Business Unit
	Shinichi Yamada		Vice President of Kubota Holdings Europe B.V.
	Hitoshi Sasaki		General Manager of Construction Machinery Planning and Sales Promotion
		Dept.
	Satoshi Suzuki		General Manager of Outdoor Power Equipment Division

< 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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