ASBESTOS UPDATE: Kubota Expends JPY1.155-Bil. for Asbestos Cases

Kubota Corporation’s recorded asbestos expenses totaled JPY1.155 billion for the year ended March 31, 2011, compared with JPY503 million for the year ended March 31, 2010, according to the Company’s annual report, on Form 20-F, filed with the Securities and…

ASBESTOS UPDATE: Kubota Corp. Still Subject to 10 Exposure Cases

Kubota Corporation, since May 2007, has been subject to 10 asbestos-related lawsuits in Japan, which were filed against the Company or defendant party consisting of the Japanese Government and asbestos-related companies including the Company, according to the Company’s annual report,…

ASBESTOS UPDATE: Kubota Continues to Finance Treatment & Research

Kubota Corporation will continuously cope with issues faithfully from the view point of Corporate Social Responsibility as one of manufacturers that once manufactured asbestos-containing products.

The Company has established “Relief Payment System for the Asbestos-Related Patients and the Family Members of…

ASBESTOS UPDATE: Amphibole Asbestos Found in Four Japanese Sites

Amphibole asbestos fibers were found it at least four buildings in Tokyo, Hokkaido and Kagawa: three community centers in Hokkaido and Kagawa and the ceiling of a private building in Tokyo, The Mainichi Daily News reports.

The latter three all used…

ASBESTOS UPDATE: Kintetsu to Pay JPY49M Compensation for Injury

Judge Yumiko Tokuoka order Kintetsu Corporation to pay JPY49 million in compensation to an unnamed man whose family claimed he died from inhaling asbestos in a building owned by the Company, The Yomiuri Shimbun reports.

The Company is an Osaka, Japan-based…

ASBESTOS LITIGATION: Gov’t. to Pay JPY77Mil for Taima’s Exposure

The Yokohama District Court, on July 6, 2009, ordered the Japanese Government to pay JPY77 million to the family of Hitoshi Taima for his exposure to asbestos while working at a U.S. naval base in Yokusoka, Kanagawa Prefecture, The Japan…

ASBESTOS LITIGATION: 1,063 Japanese Workers Eligible for Payout

A survey showed by Japan’s Ministry of Health, Labour, and Welfare on June 29, 2009 says that 1,063 people were eligible for workers’ compensation as sufferers of asbestos-linked diseases like mesothelioma in fiscal 2008 as they were affected by asbestos…

ASBESTOS LITIGATION: 37% of Victims Unsure of Exposure Location

It was found on June 17, 2009 that 37 percent of asbestos disease sufferers, who responded to a Japanese Environment Ministry survey, say they did not know where they inhaled asbestos fibers, The Yomiuri Shimbun reports.

The Ministry surveyed 3,351 people…

ASBESTOS LITIGATION: JPY1.15B Spent for Kubota Cases at March 31

Kubota Corporation, during the year ended March 31, 2009, expended JPY1.155 billion (US$11,786,000) for asbestos-related claims, according to the Company’s annual report, on Form 20-F, filed with the Securities and Exchange Commission on June 24, 2009.

Of the JPY1.155 billion (US$11,786,000),…

ASBESTOS LITIGATION: Kubota Cites JPY200M for Claims at March 31

Kubota Corporation, for the year ended March 31, 2009, donated JPY200 million as asbestos-related contributions, according to the Company’s annual report filed with the Securities and Exchange Commission on June 24, 2009.

Until 1995, the Company’s plant in Amagasaki, Hyogo Prefecture,…

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