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Zero Co., Ltd.
(9028)
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Rating:70Outperform
Price Target:
¥3,944.00
▲(9.56% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by solid fundamentals (steady multi-year growth, improved profitability, and low leverage) but is held back by weakening cash-flow conversion and a sharp decline in free cash flow. Valuation is a meaningful positive (low P/E and strong dividend yield), while technical indicators are broadly neutral with slightly negative momentum (negative MACD).
Positive Factors
Multi-year revenue expansion
Sustained revenue expansion indicates that Zero Co. has broadened its logistics activity and maintained demand across its vehicle transportation services. This larger operating base can support scale benefits and provide a durable platform for future growth.
Negative Factors
Sharp free cash flow decline
Although free cash flow remains positive, the substantial annual decline reduces confidence that accounting earnings are converting consistently into cash. If persistent, weaker cash generation could constrain reinvestment, distributions, and financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue expansion
Sustained revenue expansion indicates that Zero Co. has broadened its logistics activity and maintained demand across its vehicle transportation services. This larger operating base can support scale benefits and provide a durable platform for future growth.
Read all positive factors
Zero Co., Ltd. (9028) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥57.23B
Dividend Yield4.04%
Average Volume (3M)30.46K
Price to Earnings (P/E)8.1
Beta (1Y)0.77
Revenue Growth1.84%
EPS Growth-0.05%
CountryJP
Employees2,703
SectorConsumer Cyclical
Sector Strength84
IndustryTrucking
Share Statistics
EPS (TTM)426.93
Shares Outstanding17,560,242
10 Day Avg. Volume26,280
30 Day Avg. Volume30,456
Financial Highlights & Ratios
PEG Ratio36.58
Price to Book (P/B)1.28
Price to Sales (P/S)0.41
P/FCF Ratio11.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)470.7
Revenue Forecast (FY)¥156.00B
Zero Co., Ltd. Business Overview & Revenue Model
Company Description
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 conve...
How the Company Makes Money
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Zero Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
56
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 150.56B | 147.84B | 140.75B | 132.86B | 107.05B |
| Gross Profit | 21.78B | 21.75B | 17.67B | 15.20B | 13.13B |
| EBITDA | 15.54B | 15.24B | 11.47B | 9.75B | 8.35B |
| Net Income | 7.21B | 7.18B | 4.15B | 3.44B | 2.54B |
Balance Sheet | |||||
| Total Assets | 77.18B | 73.95B | 70.73B | 56.56B | 55.19B |
| Cash, Cash Equivalents and Short-Term Investments | 17.16B | 16.64B | 11.32B | 5.87B | 5.65B |
| Total Debt | 11.14B | 11.27B | 14.25B | 7.29B | 10.52B |
| Total Liabilities | 28.76B | 30.41B | 32.86B | 22.72B | 24.57B |
| Stockholders Equity | 48.09B | 42.90B | 37.21B | 33.28B | 30.07B |
Cash Flow | |||||
| Free Cash Flow | 5.44B | 10.74B | 8.99B | 6.87B | 1.36B |
| Operating Cash Flow | 8.22B | 12.86B | 11.23B | 8.78B | 3.95B |
| Investing Cash Flow | -3.65B | -2.84B | -4.66B | -2.17B | -3.27B |
| Financing Cash Flow | -4.25B | -4.61B | -824.00M | -6.29B | -1.61B |
Zero Co., Ltd. Technical Analysis
Negative
3600.00
Price Trends
3580.13
Negative
3526.15
Negative
3523.09
Negative
Market Momentum
-24.72
Positive
40.62
Neutral
17.24
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9028, the sentiment is Negative. The current price of 3600 is above the 20-day moving average (MA) of 3530.25, above the 50-day MA of 3580.13, and above the 200-day MA of 3523.09, indicating a bearish trend. The MACD of -24.72 indicates Positive momentum. The RSI at 40.62 is Neutral, neither overbought nor oversold. The STOCH value of 17.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9028.
Zero Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥911.84B | 21.96 | 20.96% | 2.80% | 11.30% | 12.09% | |
70 Outperform | ¥57.23B | 8.13 | ― | 3.90% | 1.84% | -0.05% | |
64 Neutral | ¥62.95B | 11.11 | ― | 4.49% | 13.60% | 12.08% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥128.42B | 10.53 | ― | 2.77% | 14.34% | -4.02% | |
58 Neutral | ¥262.95B | 15.20 | ― | 1.24% | 23.06% | 160.29% | |
50 Neutral | ¥3.43B | 18.23 | ― | 1.08% | 3.64% | ― |
* Consumer Cyclical Sector Average
JP:9028
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.