The president of major machinery manufacturer Kubota Corp. apologized Sunday to people suffering from asbestos-linked diseases who live near one of the firm's asbestos factories.

While Kubota President Daisuke Hatakake, meeting with the residents, did not clearly acknowledge the causal relationship between its factory and their illnesses, he said he feels a moral responsibility for their plight, according to the residents.

They added that Hatakake promised to set up a new compensation regime for residents similar to that for Kubota employees by April after listening to their views on the matter. The roughly one-hour meeting -- the first between Hatakake and residents and family members of those who have since died -- was closed to the media.