I wish I knew the type of power steering on your unit.
After looking that the pictures, I am wondering if there is hydraulic pressure in an area where there should not be any and this is what is forcing out your seal. The style of seal on your box is not one intended to hold back 1,500 psi of hydraulic pressure.
Can you post pictures of where the power steering hoses attach either to the steering box or the steering linkages.
I assume the pressure for your power steering is coming from the main hydraulic system within your tractor and there is not a separate pump and reservoir for the steering.
Sometimes the steering is hydrostatic which means there is not physical connection between the box and the front wheels but with the steering arm on your box that is not the case in my mind.
On my M7040, the steering wheel is connected to a hydraulic valve. As you turn the wheel, hydraulic pressure is fed to a hydraulic cylinder which is part of the steering linkage at the front axle.
On cars from the 1970's, the hydraulic power was applied to internal parts within the steering box to add to the effort you applied by turning the steering wheel.
If your box is that type of power steering, an internal seal leak in a high pressure area could be resulting in the problem you are having.
Your case may be such that talking to a Kubota dealer about rebuilding your steering box may be the most practical solution. You may save money by removing the box, you may not.
Getting the WSM for your tractor would be the first step as internal adjustments during the rebuild will be important.
Dave M7040