Effective January 1, 2024, Kubota Corporation (Head Office: Naniwa-ku, Osaka, Japan; President and Representative Director: Yuichi Kitao; hereinafter “the Company”) will consolidate Kubota Manufacturing of America Corporation (hereinafter “KMA”) and Kubota Industrial Equipment Corporation (hereinafter “KIE”).

1. Background and Purpose

• The Company has cultivated the North American market for more than half a century since it began exporting tractors in 1969. Now the market has grown to the largest in the Company’s equipment business.
• In 1988, KMA was established in the State of Georgia, the United States, as a manufacturer of tractor-mounted work equipment (hereinafter the “implement”). In 2004, KIE was established in the same state to shift the production of the implement from KMA. Since then, both companies have expanded their product lineups, such as small and medium-sized tractors and construction machinery, and increased production capacity to meet growing demand.
• So far, the two companies have pursued the integration of their operations in mutual cooperation for the purpose of efficient management, for example, by having a president and executives work concurrently at both companies, and by integrating some indirect functions including the purchasing department.
• The Company will consolidate the two subsidiaries, with KMA being the surviving company, to develop a structure enabling more efficient operations, achieve the effective use of human resources, and establish a flexible production system that can respond to fluctuations in demand.

2. Profile of the Company After Consolidation

Company name	Kubota Manufacturing of America Corporation
Date of consolidation	January 1, 2024
Head office location	Gainesville, Hall County, the State of Georgia, the U.S.
Representative	Brian Arnold
Headcount	Approx. 3,500
Major business	Manufacturing of general-purpose and small tractors, medium-sized tractors, construction machinery, and the implements for tractors (front loaders, backhoes, buckets)

3. Profiles of the Two Companies to Be Consolidated

(1) KMA (before consolidation)

Company name	Kubota Manufacturing of America Corporation
Date of establishment	March 1988
Head office location	Gainesville, Hall County, the State of Georgia, the U.S.
Representative	Brian Arnold
Headcount	Approx. 2,000 (including persons who also work at KIE; as of November 2023)
Major business	Manufacturing of general-purpose and small tractors

(2) KIE

Company name	Kubota Industrial Equipment Corporation
Date of establishment	November 2004
Head office location	Jefferson, Jackson County, the State of Georgia, the U.S.
Representative	Brian Arnold
Headcount	Approx. 1,500 (as of November 2023)
Major business	Manufacturing of medium-sized tractors, construction machinery, and the implements for tractors (front loaders, backhoes, buckets)

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