TSE:6326Machinery
Kubota (TSE:6326) Stock Price Slides As Profit Momentum Builds
Kubota stock came into this earnings day on the back foot, with the share price down roughly 7% over the past week and over the past month. The surprise is that the latest quarter delivered one clear headline for a mature machinery group. Profitability held up well enough for trailing net margin to sit at 8.2% over the past year, while the trailing P/E multiple sits below both the wider Japan machinery industry and peer averages. The market is treating Kubota cautiously, even though its...