ZERO Co., Ltd. logo

ZERO Co., Ltd.

9028.T

JPXIndustrialsTrucking

Latest quote

¥3,525

−¥45.00 · -1.26%

Aug 24, 1:11 PM JST

9028.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Operating across Japan with its various subsidiaries, ZERO Co., Ltd. specializes in a comprehensive suite of vehicle transportation and maintenance solutions. Key offerings encompass the delivery of both new and pre-owned vehicles, alongside convenient door-to-door transport for private cars and motorbikes. The company also provides diverse maintenance services, covering new and heavy vehicles, among others. Its support extends to auto auction activities, including vehicle handling and rigorous inspection, in addition to offering vehicle selection assistance. Beyond these core services, ZERO facilitates general cargo movement, offers port transportation and warehousing capabilities, and delivers robust vehicle control and management. The firm also handles customs clearance, exports and sells used automobiles and their parts, and provides human resources solutions, including temporary and placement staffing, as well as pick-up and dispatch services. Founded in 1961, the company was initially known as Nissan Transportation Co. Ltd. before adopting the name ZERO Co., Ltd. in May 2001. Its corporate headquarters are located in Kawasaki, Japan.

Industry
Trucking
Sector
Industrials
Headquarters
JP
CEO
Takahashi Toshihiro
Listed since
Aug 2, 2005
Employees
2,703

Market position

Day range

Current ¥3,525

52-week range

Current ¥3,525

Open
¥3,555
Previous close
¥3,570
Volume
6K
0.38× average
Average volume
15.81K
Average daily volume
Market cap
59.23B JPY
Beta
0.22
Market reference 1
50-day average
¥3,601.2
-2.12% below average
200-day average
¥3,610.8
-2.38% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
55.6B JPY
P/E (TTM)
8.26×
P/B (TTM)
1.24×
P/S (TTM)
0.39×
EV / EBITDA
3.58×
Earnings yield
11.70%
Free cash flow yield
8.83%
Dividend yield
3.98%

Profitability & efficiency

Gross margin
14.47%
Operating margin
6.67%
Net margin
4.79%
Return on equity
15.00%
Return on assets
9.34%
Return on invested capital
11.21%

Financial health

Debt / equity
0.23×
Current ratio
1.71×
Altman Z-score
4.63
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends16%11%6%1%Gross margin, FY2021: 12.26%Gross margin, FY2022: 11.44%Gross margin, FY2023: 12.55%Gross margin, FY2024: 14.71%Gross margin, FY2025: 14.47%Operating margin, FY2021: 3.54%Operating margin, FY2022: 3.66%Operating margin, FY2023: 4.59%Operating margin, FY2024: 6.88%Operating margin, FY2025: 6.67%Net margin, FY2021: 2.37%Net margin, FY2022: 2.59%Net margin, FY2023: 2.95%Net margin, FY2024: 4.86%Net margin, FY2025: 4.79%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 12.26%. Gross margin FY2022 11.44%. Gross margin FY2023 12.55%. Gross margin FY2024 14.71%. Gross margin FY2025 14.47%. Operating margin FY2021 3.54%. Operating margin FY2022 3.66%. Operating margin FY2023 4.59%. Operating margin FY2024 6.88%. Operating margin FY2025 6.67%. Net margin FY2021 2.37%. Net margin FY2022 2.59%. Net margin FY2023 2.95%. Net margin FY2024 4.86%. Net margin FY2025 4.79%.

Income trends

Revenue

150.56B JPY+1.84%

Operating income

10.04B JPY-1.34%

Net income

7.21B JPY+0.45%
Income trends across reported periods165.36B JPY106.15B JPY46.94B JPY−12.27B JPYRevenue, FY2021: 107.05B JPYRevenue, FY2022: 132.86B JPYRevenue, FY2023: 140.75B JPYRevenue, FY2024: 147.84B JPYRevenue, FY2025: 150.56B JPYOperating income, FY2021: 3.79B JPYOperating income, FY2022: 4.87B JPYOperating income, FY2023: 6.46B JPYOperating income, FY2024: 10.18B JPYOperating income, FY2025: 10.04B JPYNet income, FY2021: 2.54B JPYNet income, FY2022: 3.44B JPYNet income, FY2023: 4.15B JPYNet income, FY2024: 7.18B JPYNet income, FY2025: 7.21B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 107.05B JPY. Revenue FY2022 132.86B JPY. Revenue FY2023 140.75B JPY. Revenue FY2024 147.84B JPY. Revenue FY2025 150.56B JPY. Operating income FY2021 3.79B JPY. Operating income FY2022 4.87B JPY. Operating income FY2023 6.46B JPY. Operating income FY2024 10.18B JPY. Operating income FY2025 10.04B JPY. Net income FY2021 2.54B JPY. Net income FY2022 3.44B JPY. Net income FY2023 4.15B JPY. Net income FY2024 7.18B JPY. Net income FY2025 7.21B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue150.56B JPY147.84B JPY140.75B JPY132.86B JPY107.05B JPY
Cost of goods sold128.77B JPY126.09B JPY123.08B JPY117.66B JPY93.92B JPY
Gross profit21.78B JPY21.75B JPY17.67B JPY15.2B JPY13.13B JPY
Selling, general, and administrative11.74B JPY11.58B JPY11.21B JPY10.33B JPY9.33B JPY
Operating expenses11.74B JPY11.58B JPY11.21B JPY10.33B JPY9.33B JPY
Interest income111M JPY27M JPY28M JPY29M JPY18M JPY
Interest expense89M JPY76M JPY46M JPY44M JPY39M JPY
Depreciation and amortization5.51B JPY5.07B JPY5.01B JPY4.88B JPY4.56B JPY
Operating income10.04B JPY10.18B JPY6.46B JPY4.87B JPY3.79B JPY
Net income7.21B JPY7.18B JPY4.15B JPY3.44B JPY2.54B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
124.87

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates129.86110.2590.6371.02Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 7, 2024: actual 111.55, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 95.57, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 114.91, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 101.88, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 103.1, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 76.01, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 120.91, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 124.87, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates47.93B41.47B35.01B28.54BQ4 '24No estimateQ1 '25No estimateQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26Miss
Q4 2024, reported Nov 7, 2024: actual 34.31B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 34.64B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 44.07B JPY, estimate 41.7B JPY, surprise +5.68%, Beat. Q3 2025, reported Aug 7, 2025: actual 34.82B JPY, estimate 31.98B JPY, surprise +8.89%, Beat. Q4 2025, reported Nov 13, 2025: actual 35.45B JPY, estimate 33.9B JPY, surprise +4.58%, Beat. Q1 2026, reported Feb 12, 2026: actual 30.39B JPY, estimate 35.7B JPY, surprise -14.88%, Miss. Q2 2026, reported May 14, 2026: actual 46.08B JPY, estimate 45.3B JPY, surprise +1.73%, Beat. Q3 2026, reported Aug 6, 2026: actual 38.63B JPY, estimate 39.08B JPY, surprise -1.14%, Miss.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥152.9

2025 complete year+343.2% since 2021

2026 partial: ¥84.30

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Jun 29, 2027

¥84.60

Semi-Annual

Record Jun 30, 2027 · Payment Jun 29, 2027

Dividend

Ex-dividend Jun 29, 2026

¥84.30

Semi-Annual

Record Dec 31, 2026 · Payment Dec 29, 2026

Dividend

Ex-dividend Dec 29, 2025

¥56.00

Semi-Annual

Record Dec 31, 2025 · Payment Mar 13, 2026

Dividend

Ex-dividend Jun 27, 2025

¥96.90

Semi-Annual

Record Jun 30, 2025 · Payment Sep 29, 2025

Dividend

Ex-dividend Dec 27, 2024

¥43.00

Semi-Annual

Record Dec 31, 2024 · Payment Mar 14, 2025

Dividend

Ex-dividend Jun 27, 2024

¥46.40

Semi-Annual

Record Jun 30, 2024 · Payment Sep 27, 2024

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