Nippon.com is reporting that Kubota Corp. will release a rice planting machine with automated driving functions in October. Earlier this month, the company said that it was investing in a harvesting robot manufacturer based in the U.S.
For the nine months ended Sept. 30, 2016, revenues of Kubota Corp. and its subsidiaries decreased by 73.6 billion yen ($683.7 million), or 5.9%, from the same period in the prior year to 1.18 trillion yen ($11.1 billion).
Diversity in its product range and in the markets it serves proved beneficial to Kubota Corp. last year as buoyant sales of compact tractors to homeowners in North America offset a decline in mid-size tractor sales.
Kverneland Group, one of Europe's largest farm machinery manufacturers, has begun a major program of factory improvements and upgrades having secured approval for a major investment plan from new owner Kubota Corp. of Japan.
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