Kubota has effectively finished the cash side of the share repurchase it authorised in April. In a status report covering June, the company said it bought 11,104,900 common shares on June 12 for ¥29.9999bn, taking cumulative progress to 100.00 per cent of the authorised value cap as of June 30.
The April 21 board mandate allowed repurchases of up to 15,000,000 shares or ¥30bn between April 22 and December 18. By month-end, Kubota had used 74.03 per cent of the share limit but all of the cash limit.
| Item | Shares | Value | Timing or status |
|---|---|---|---|
| Board authorisation | 15,000,000 | ¥30bn | April 22 to December 18, 2026 |
| Purchase reported for June | 11,104,900 | ¥29.9999bn | June 12, 2026 |
| Progress as of June 30 | 74.03% of share cap | 100.00% of value cap | Cumulative |
That split between the two ceilings is the useful detail inside an otherwise dry disclosure. The headline share allowance was 15,000,000, but the June status lines show that the tighter constraint turned out to be yen, not volume. Kubota reached full progress on value while more than a quarter of the authorised share count remained unused.
The execution was also highly concentrated. The June report lists buying on a single day, June 12, rather than a string of purchases across the month. The only reported June purchase was large enough to consume essentially the whole cash allocation on its own.
The calendar underlines the point. The authorisation window ran from April 22 to December 18, yet the value-progress line already stood at 100.00 per cent by June 30. The share cap still showed unused headroom, but the money cap did not. For investors reading Japanese buyback filings from abroad, this is the practical takeaway: a mandate can look bigger on share count than it is in cash terms, and the cash ceiling may bind first.
The report was filed on July 3 and covers activity from June 1 to June 30. On that basis, Kubota's month-end status under the April mandate was 11,104,900 shares repurchased for just under ¥30bn.