Overview
Land Transportation

ZERO CO.,LTD.

Zero Co., Ltd. is a Japan-based logistics company specializing in new vehicle transportation, operating primarily through its domestic automotive logistics segment which transports new cars from manufacturers to dealerships nationwide. The company also operates in human resources (driver staffing and dispatch), general freight logistics, and international operations across Asia including China and Singapore. As a member of the Tan Chong International Limited Group since 2014, Zero leverages its parent's pan-Asian automotive distribution network while maintaining its leading position in Japan's finished vehicle logistics market.

Market Cap
¥51.3B
US$327M
EV
¥45.2B
US$289M
Stock¥3,055▼-1.61%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.9
x
LTM EV/EBIT
4.4
x
LTM PER
7.1
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-25.1%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
51.3BUS$327MMarket Cap11.1BUS$71.0M+ Debt17.2BUS$109M− Cash0.40BUS$2.56M− Inv. Sec.0.33BUS$2.09M+ NCI45.2BUS$289MEV
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Performance & Balance
Revenue 5Y (¥B)
107US$683M'22/6133US$847M'23/6141US$898M'24/6148US$943M'25/6151US$960M'26/6
EBITDA 5Y (¥B)
8.59US$54.8M'22/610.1US$64.3M'23/611.4US$72.4M'24/615.4US$98.2M'25/615.8US$101M'26/6
Net Income 5Y (¥B)
2.54US$16.2M'22/63.44US$21.9M'23/64.15US$26.5M'24/67.18US$45.8M'25/67.21US$46.0M'26/6
Capital Structure
81%
19%
EquityD/E 0.23xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
5.18US$33.0M6.98US$44.5M'22/65.48US$34.9M7.30US$46.5M'23/611.3US$72.2M14.2US$90.9M'24/616.6US$106M11.3US$71.9M'25/617.2US$109M11.1US$71.0M'26/6
Shareholders
Top 10 hold 86.6%
1
ZENITH LOGISTICS LIMITED (Standing Proxy: Mizuho Bank, Ltd.)
47.16%
2
SBS Holdings,Inc.
20.55%
3
Fuji Trans Corporation
5.06%
4
Custody Bank of Japan, Ltd. (Trust Account E)
3.45%
5
ZENITH LOGISTICS PTE. LTD. (Standing Proxy: Mizuho Bank, Ltd.)
3.36%
6
Custody Bank of Japan, Ltd. (Trust Account)
2.08%
7
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
1.42%
8
The Master Trust Bank of Japan, Ltd. (Trust Account)
1.21%
9
RE FUND 107-CLIENT AC (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.14%
10
ZERO CO.,LTD. Employee Stock Ownership Association
1.12%
Management
12 officers
Toshihiro TAKAHASHI
Representative Director, President
Apr 1994 Joined Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Jul 2005 Director, JBF Partners Co., Ltd. Jul 2015 Joined the Company; appointed Executive Officer, General Manager of Corporate Planning Department Jul 2016 Appointed Executive Officer, General Manager of Group Strategy Headquarters Sep 2017 Appointed Director, General Manager of Group Strategy Headquarters May 2022 Appointed Representative Director, President, Zero Plus Ikeda Co., Ltd. Jul 2024 Appointed Representative Director, President and General Manager of Group Strategy Headquarters Jul 2025 Appointed Representative Director, President Jul 2026 Appointed Representative Director, President and General Manager of Sales Headquarters (current)
1969-08-16
Chikuro KITAMURA
Chairman and Director
Apr 1978 Joined Nissan Motor Co., Ltd. Apr 2000 Appointed Vice President, Nissan North America, Inc. Apr 2003 Deputy General Manager, Global NSSW Headquarters, Nissan Motor Co., Ltd. Apr 2006 Joined the Company; appointed Executive Officer Jul 2006 General Manager, Corporate Planning Department Sep 2006 Appointed Director, General Manager of Corporate Planning Department Jul 2013 Appointed Director, General Manager of Overseas Business Planning Department Aug 2014 Appointed Representative Director, President Jul 2019 Appointed President, Japan Land Transport Association Jul 2021 Appointed Representative Director, President and General Manager of Maintenance Business Headquarters Jul 2022 Appointed Representative Director, President Jul 2024 Appointed Representative Director, Chairman Jul 2025 Appointed Representative Director, Chairman and General Manager of Overseas Business Headquarters Jul 2026 Appointed Chairman and Director (current)
1954-10-27
Hideki NAKAE
Vice Chairman and Director
May 1974 Joined Kadawa Port Marine Transport Co., Ltd. Sep 2004 Appointed Director of the same company Jun 2007 Appointed Representative Director, President of the same company (current) Jul 2010 Deputy General Manager, Customer Service Headquarters Jul 2011 Appointed Executive Officer, General Manager of Customer Service Headquarters Sep 2013 Appointed Director, General Manager of Customer Service Headquarters and General Manager of Stage Up Promotion Headquarters Jul 2014 Appointed Director, General Manager of Customer Service Headquarters Sep 2016 Retired as Director Jul 2024 General Manager, Customer Service Headquarters Sep 2024 Appointed Representative Director, Vice Chairman and General Manager of Customer Service Headquarters Jul 2026 Appointed Vice Chairman and Director (current)
1953-11-28
Gakuji SHIBATA
Director, General Manager of Customer Service Headquarters
Apr 1996 Joined Mitsubishi Corporation Apr 2010 General Manager, General Affairs Department, Management Administration Headquarters, Wilplus Holdings Co., Ltd. Jul 2010 Appointed Executive Officer, General Manager of Management Administration Headquarters, Wilplus Holdings Co., Ltd. Feb 2013 Appointed Director, Managing Executive Officer, General Manager of Management Administration Headquarters and General Manager of Planning Headquarters, Wilplus Holdings Co., Ltd. Sep 2014 Appointed Managing Director, General Manager of Management Administration Headquarters, Wilplus Holdings Co., Ltd. Oct 2023 Joined the Company Jul 2024 Appointed Executive Officer, General Manager of Sales Headquarters Sep 2025 Appointed Director, General Manager of Sales Headquarters Jul 2026 Appointed Director, General Manager of Customer Service Headquarters (current)
1972-10-24
Eng Soon TAN
Director
Feb 1989 Assumed position as head of Tanchong Motor Group Jan 2000 Appointed Vice Chairman, Tanchong International Limited Jul 2004 Appointed Representative Director, Zenith Logistics Pte. Ltd. (current) Sep 2004 Appointed Director of the Company (current) Nov 2005 Appointed Chairman, Tanchong International Limited (current)
1948-08-06
Gillian TAN
Director
Feb 2023 Appointed Director (non-executive), Tanchong International Limited Apr 2024 Appointed Director of the same company (current) Sep 2025 Appointed Director of the Company (current)
1980-04-08
Masahiko KAMATA
Director
Apr 1979 Joined Tokyo Sagawa Kyubin Co., Ltd. Dec 1987 Appointed Director, Kanto Sokuhai Co., Ltd. (now SBS Holdings, Inc.) Mar 1988 Appointed Representative Director, President of the same company (current) Jun 2004 Appointed Director, Yukijirushi Logistics Co., Ltd. (now SBS Fresh Co., Ltd.) (current) Sep 2004 Appointed Outside Director of the Company (current) Sep 2005 Appointed Representative Director, President, Tokyu Logistic Co., Ltd. (now SBS Logicom Co., Ltd.) (current) Jan 2006 Appointed Director, Zentsu Co., Ltd. (now SBS Zentsu Co., Ltd.) (current) Jun 2015 Appointed Representative Member, Kamata Kikaku LLC (now Kamata Kikaku Co., Ltd.) Jun 2017 Appointed Representative Director, SBS Sokuhai Support Co., Ltd. (current) Aug 2018 Appointed Director, Ricoh Logistics Co., Ltd. (now SBS Nexard Co., Ltd.) (current) Nov 2020 Appointed Director, Toshiba Logistics Corporation (now SBS Toshiba Logistics Co., Ltd.) (current) Feb 2023 Appointed Representative Director, Kamata Kikaku Co., Ltd. (current) Dec 2023 Appointed Representative Director, KMK Holdings Co., Ltd. (current) Oct 2025 Appointed Director, Bridgestone Logistics Corporation (current)
1959-06-22
Toshiyuki KAMIMURA
Director
Apr 1993 Joined Chuo Shinko Audit Corporation Apr 1995 Registered as Certified Public Accountant Jul 2004 Appointed Partner, Chuo Aoyama Audit Corporation Jan 2007 Joined Clifix Tax Accountant Corporation Dec 2007 Registered as Certified Tax Accountant Jan 2008 Appointed Partner, Clifix Tax Accountant Corporation (current) Sep 2011 Appointed Outside Corporate Auditor of the Company Sep 2014 Appointed Outside Director of the Company (current) Jun 2016 Appointed Outside Director, MS&Consulting Co., Ltd. (current)
1971-01-16
Yoshiyuki WADA
Director
Apr 1974 Joined Coopers & Lybrand Accounting Firm Jun 1977 Joined Chuo Accounting Office Audit Corporation Sep 1978 Registered as Certified Public Accountant Aug 1985 Appointed Partner, Chuo Accounting Office Audit Corporation Jun 1988 Appointed Representative Partner, Chuo Accounting Office Audit Corporation Jul 2000 General Manager, Business Development Division, Chuo Aoyama Audit Corporation May 2003 Appointed Director in charge of Business Development, Chuo Aoyama Audit Corporation Aug 2007 Joined Taiyo ASG Audit Corporation (now Taiyo LLC Audit Corporation), appointed Representative Partner Sep 2014 Appointed Outside Corporate Auditor of the Company Jun 2015 Appointed Outside Director, Forval Telecom Inc. (current) Dec 2015 Appointed Outside Director, Career Design Center Co., Ltd. (current) Aug 2016 Principal, Wada Accounting Office (current) Sep 2017 Appointed Outside Director of the Company (current) Apr 2021 Appointed Outside Corporate Auditor, Kuribayashi Shosen Co., Ltd. (current) Jan 2022 Appointed Representative Director, KIC Co., Ltd. (current)
1951-03-02
Tomoyuki SHIOYA
Full-time Corporate Auditor
Apr 1984 Joined Nissan Motor Co., Ltd. Oct 2006 Joined the Company Sep 2013 Appointed Executive Officer, General Manager of General Affairs and Human Resources Department Jul 2017 Appointed Executive Officer, Deputy General Manager of Management Administration Headquarters Sep 2017 Appointed Director, General Manager of Management Administration Headquarters Sep 2019 Appointed Full-time Corporate Auditor of the Company (current)
1960-05-29
Yoshikazu SUZUKI
Corporate Auditor
Oct 2001 Registered as attorney-at-law Oct 2001 Joined Yanagida Nomura Law Office (now Yanagida & Partners) Feb 2005 Joined City-Yuwa Partners Jan 2009 Partner of the same firm (current) Sep 2011 Appointed Outside Corporate Auditor of the Company (current) Mar 2020 Appointed Outside Director, TATERU Inc. (now robot home Inc.) (current) Jun 2025 Appointed Outside Director, Concordia Financial Group, Ltd. (now Yokohama Financial Group, Inc.) (current)
1973-04-26
Toshihiro KAMIYA
Corporate Auditor
Apr 1977 Joined Ministry of Transport (now Ministry of Land, Infrastructure, Transport and Tourism) Jun 1992 General Manager, Planning Department, Chubu Regional Transport Bureau Jul 1993 Seconded to Nagasaki Prefectural Government (Director, Planning Department) Apr 1995 Director, Tourism Recreation Planning Office, Tourism Department, Transport Policy Bureau Aug 1996 Planning Coordinator and Financial Planning Officer, Railway Bureau Jun 1998 Division Chief, Kansai International Airport Division, Civil Aviation Bureau Jun 2000 Division Chief, Port Transport Division, Maritime Bureau Jul 2002 Division Chief, Cargo Division, Automobile Transport Bureau Jul 2003 General Manager, General Affairs Department, Japan Transport Facilities Development Corporation Oct 2003 General Manager, General Affairs Department, Japan Railway Construction, Transport and Technology Agency Jul 2004 Division Chief, General Affairs Division, Policy Planning Bureau Aug 2005 Director-General, Chugoku Regional Transport Bureau Jul 2007 Deputy Director-General, Automobile Transport Bureau Oct 2008 Deputy Commissioner, Japan Tourism Agency Jul 2009 Director-General, Kanto Regional Transport Bureau Sep 2012 Retired from Ministry of Land, Infrastructure, Transport and Tourism Dec 2012 Advisor, Kobac Co., Ltd. Jul 2014 Chairman, All Japan Hire & Taxi Federation Sep 2024 Appointed Outside Corporate Auditor of the Company (current)
1955-02-10
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-30
Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2026-08-06
Full-Year Earnings Flash
FY ending Jun 2026
TDnet
2026-05-14
Q3 Earnings Flash
FY ending Jun 2026
EDINETAmended
2026-02-16
Amended Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
EDINET
2026-02-13
Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2025-11-13
Q1 Earnings Flash
FY ending Jun 2026
EDINET
2025-09-29
Annual Securities Report
Period: Jul 2024 – Jun 2025
EDINET
2025-08-07
Securities Registration Statement
TDnet
2025-05-15
Q3 Earnings Flash
FY ending Jun 2025
EDINET
2025-02-14
Semi-Annual Securities Report
Period: Jul 2024 – Jun 2025
TDnet
2024-11-07
Q1 Earnings Flash
FY ending Jun 2025
EDINET
2024-09-27
Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINET
2024-05-10
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-09-28
Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-24
Securities Registration Statement
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-09-29
Annual Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-09-29
Annual Securities Report
TDnet
2021-08-05
Full-Year Earnings Flash
FY ending Jun 2021
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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