Kubota sees group net profit growing 4% for the year ending in December on strong North American construction machinery sales and swelling Chinese demand for combines.
The Japanese machinery maker forecast record consolidated profit of 155 billion yen ($1.36 billion) for fiscal 2016 in an earnings release Tuesday. Due to a change in the fiscal year-end to December, 2015 figures were calculated by combining earnings from the April-December period -- an abridged fiscal 2015 -- and the January-March quarter.
Sales are seen growing 4% to 1.75 trillion yen. Kubota began producing new-model construction machines in the U.S. state of Georgia in January, looking to gain from continued brisk North American housing demand. The company is also competing with U.S. manufacturer Deere & Co. and others to sell small tractors to wealthy gentleman farmers. Kubota aims to outmaneuver its rivals in part by expanding sales promotions.
![[VIDEO] Kubota's SVL95-2s CTL Increased Horsepower, Capacity Over Previous Models](https://img.forconstructionpros.com/files/base/acbm/fcp/image/2016/02/default.56c4ee9e78f9c.png?auto=format%2Ccompress&fit=crop&h=75&q=70&w=75)
