Zero Co (9028.T) Stock Price

Zero Co Price

CLOSED
3,615.00JPY+15.00 (+0.42 %)
Market closed

Revenue has compounded at 5.7% per year over the past 19 years to 147.84 B JPY. Earnings per share have grown at 16.4% per year over the last 19 years. Zero Co's net margin stands at 4.9%, broadly stable from 3.9% several years earlier. Zero Co currently offers a dividend yield of about 4.19%. The payout ratio is around 36% of earnings. The dividend has grown at 9.7% per year over the past 19 years. The stock trades about 21% above its 52-week low.

Zero Co stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Zero Co over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Zero Co stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Zero Co's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Zero Co Stock Price History
DateZero Co Price
7/23/20263,615.00 JPY
7/22/20263,600.00 JPY
7/21/20263,650.00 JPY
7/17/20263,650.00 JPY
7/16/20263,675.00 JPY
7/15/20263,670.00 JPY
7/14/20263,690.00 JPY
7/13/20263,650.00 JPY
7/10/20263,690.00 JPY
7/9/20263,675.00 JPY
7/8/20263,670.00 JPY
7/7/20263,680.00 JPY
7/6/20263,670.00 JPY
7/3/20263,705.00 JPY
7/2/20263,675.00 JPY
7/1/20263,640.00 JPY
6/30/20263,620.00 JPY
6/29/20263,640.00 JPY
6/26/20263,640.00 JPY
6/25/20263,660.00 JPY
6/24/20263,630.00 JPY
6/23/20263,615.00 JPY
6/22/20263,570.00 JPY
6/19/20263,590.00 JPY
6/18/20263,575.00 JPY
6/17/20263,605.00 JPY
6/16/20263,600.00 JPY
6/15/20263,535.00 JPY
6/12/20263,600.00 JPY
6/11/20263,590.00 JPY
6/10/20263,595.00 JPY
6/9/20263,610.00 JPY
6/8/20263,675.00 JPY
6/5/20263,745.00 JPY
6/4/20263,700.00 JPY
6/3/20263,675.00 JPY
6/2/20263,685.00 JPY
6/1/20263,675.00 JPY
5/29/20263,735.00 JPY
5/28/20263,730.00 JPY
5/27/20263,715.00 JPY
5/26/20263,705.00 JPY
5/25/20263,665.00 JPY
5/22/20263,720.00 JPY
5/21/20263,745.00 JPY
5/20/20263,730.00 JPY
5/19/20263,550.00 JPY
5/18/20263,495.00 JPY
5/15/20263,465.00 JPY
5/14/20263,380.00 JPY
5/13/20263,425.00 JPY
5/12/20263,365.00 JPY
5/11/20263,345.00 JPY
5/8/20263,350.00 JPY
5/7/20263,325.00 JPY
5/1/20263,300.00 JPY
4/30/20263,325.00 JPY
4/28/20263,395.00 JPY
4/27/20263,415.00 JPY
4/24/20263,435.00 JPY
4/23/20263,415.00 JPY
4/22/20263,470.00 JPY
4/21/20263,475.00 JPY
4/20/20263,525.00 JPY
4/17/20263,580.00 JPY
4/16/20263,565.00 JPY
4/15/20263,610.00 JPY
4/14/20263,595.00 JPY
4/13/20263,610.00 JPY
4/10/20263,565.00 JPY
4/9/20263,630.00 JPY
4/8/20263,635.00 JPY
4/7/20263,590.00 JPY
4/6/20263,510.00 JPY
4/3/20263,505.00 JPY
4/2/20263,530.00 JPY
4/1/20263,520.00 JPY
3/31/20263,410.00 JPY
3/30/20263,400.00 JPY
3/27/20263,465.00 JPY
3/26/20263,360.00 JPY
3/25/20263,375.00 JPY
3/24/20263,300.00 JPY
3/23/20263,260.00 JPY
3/19/20263,345.00 JPY
3/18/20263,460.00 JPY
3/17/20263,410.00 JPY
3/16/20263,425.00 JPY
3/13/20263,510.00 JPY
3/12/20263,585.00 JPY
3/11/20263,630.00 JPY
3/10/20263,615.00 JPY
3/9/20263,575.00 JPY
3/6/20263,715.00 JPY
3/5/20263,760.00 JPY
2/27/20263,800.00 JPY
2/26/20263,805.00 JPY
2/25/20263,810.00 JPY
2/24/20263,720.00 JPY
2/20/20263,675.00 JPY
2/19/20263,720.00 JPY
2/18/20263,630.00 JPY
2/17/20263,625.00 JPY
2/16/20263,510.00 JPY
2/13/20263,365.00 JPY
2/12/20263,980.00 JPY
2/10/20263,885.00 JPY
2/9/20263,990.00 JPY
2/6/20263,905.00 JPY
2/5/20263,965.00 JPY
2/4/20263,845.00 JPY
2/3/20263,840.00 JPY
2/2/20263,810.00 JPY
1/30/20263,880.00 JPY
1/29/20263,765.00 JPY
1/28/20263,815.00 JPY
1/27/20263,900.00 JPY
1/26/20263,910.00 JPY
1/23/20263,965.00 JPY
1/22/20263,965.00 JPY
1/21/20264,000.00 JPY
1/20/20264,050.00 JPY
1/19/20264,140.00 JPY
1/16/20264,165.00 JPY
1/15/20264,170.00 JPY
1/14/20264,090.00 JPY
1/13/20264,095.00 JPY
1/9/20264,035.00 JPY
1/8/20264,045.00 JPY
1/7/20263,995.00 JPY
1/6/20263,995.00 JPY
1/5/20263,925.00 JPY
12/30/20254,030.00 JPY
12/29/20253,970.00 JPY
12/26/20253,910.00 JPY
12/25/20253,935.00 JPY
12/24/20253,875.00 JPY
12/23/20253,915.00 JPY
12/22/20253,900.00 JPY
12/19/20253,910.00 JPY
12/18/20253,960.00 JPY
12/17/20253,900.00 JPY
12/16/20253,725.00 JPY
12/15/20253,780.00 JPY
12/12/20253,630.00 JPY
12/11/20253,580.00 JPY
12/10/20253,620.00 JPY
12/9/20253,570.00 JPY
12/8/20253,600.00 JPY
12/5/20253,550.00 JPY
12/4/20253,595.00 JPY
12/3/20253,515.00 JPY
12/2/20253,385.00 JPY
12/1/20253,345.00 JPY
11/28/20253,350.00 JPY
11/27/20253,260.00 JPY
11/26/20253,195.00 JPY
11/25/20253,180.00 JPY
11/21/20253,100.00 JPY
11/20/20253,080.00 JPY
11/19/20253,040.00 JPY
11/18/20253,035.00 JPY
11/17/20253,030.00 JPY
11/14/20253,000.00 JPY
11/13/20253,070.00 JPY
11/12/20253,140.00 JPY
11/11/20253,110.00 JPY
11/10/20253,120.00 JPY
11/7/20253,135.00 JPY
11/6/20253,125.00 JPY
11/5/20253,130.00 JPY
11/4/20253,150.00 JPY
10/31/20253,155.00 JPY
10/30/20253,175.00 JPY
10/29/20253,135.00 JPY
10/28/20253,185.00 JPY
10/27/20253,225.00 JPY
10/24/20253,175.00 JPY
10/23/20253,175.00 JPY
10/22/20253,160.00 JPY
10/21/20253,125.00 JPY
10/20/20253,135.00 JPY
10/17/20253,110.00 JPY
10/16/20253,135.00 JPY
10/15/20253,170.00 JPY
10/14/20253,010.00 JPY
10/10/20253,035.00 JPY
10/9/20253,110.00 JPY
10/8/20253,090.00 JPY
10/7/20253,090.00 JPY
10/6/20253,095.00 JPY
10/3/20253,075.00 JPY
10/2/20253,025.00 JPY
10/1/20253,025.00 JPY
9/30/20253,110.00 JPY
9/29/20253,160.00 JPY
9/26/20253,165.00 JPY
9/25/20253,145.00 JPY
9/24/20253,150.00 JPY
9/22/20253,190.00 JPY
9/19/20253,160.00 JPY
9/18/20253,225.00 JPY
9/17/20253,230.00 JPY
9/16/20253,340.00 JPY
9/12/20253,330.00 JPY
9/11/20253,330.00 JPY
9/10/20253,325.00 JPY
9/9/20253,300.00 JPY
9/8/20253,275.00 JPY
9/5/20253,250.00 JPY
9/4/20253,220.00 JPY
9/3/20253,175.00 JPY
9/2/20253,260.00 JPY
9/1/20253,260.00 JPY
8/29/20253,280.00 JPY
8/28/20253,305.00 JPY
8/27/20253,300.00 JPY
8/26/20253,250.00 JPY
8/25/20253,200.00 JPY
8/22/20253,225.00 JPY
8/21/20253,195.00 JPY
8/20/20253,190.00 JPY
8/19/20253,230.00 JPY
8/18/20253,150.00 JPY
8/15/20253,160.00 JPY
8/14/20253,210.00 JPY
8/13/20253,230.00 JPY
8/12/20253,255.00 JPY
8/8/20253,125.00 JPY
8/7/20253,445.00 JPY
8/6/20253,380.00 JPY
8/5/20253,300.00 JPY
8/4/20253,345.00 JPY
8/1/20253,405.00 JPY
7/31/20253,435.00 JPY
7/30/20253,345.00 JPY
7/29/20253,325.00 JPY
7/28/20253,335.00 JPY
7/25/20253,325.00 JPY
7/24/20253,315.00 JPY
Access this data via the Eulerpool API

Zero Co Revenue, EBIT, Net Income

  • 3 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
92.17 B JPY
5.44 B JPY
3.63 B JPY
Jan 1, 2022
107.05 B JPY
3.97 B JPY
2.54 B JPY
Jan 1, 2023
132.86 B JPY
5.03 B JPY
3.44 B JPY
Jan 1, 2024
140.75 B JPY
6.06 B JPY
4.15 B JPY
Jan 1, 2025
147.84 B JPY
10.16 B JPY
7.18 B JPY
Jan 1, 2026 (e)
151.70 B JPY
0.00 JPY
7.77 B JPY
Jan 1, 2027 (e)
156.75 B JPY
0.00 JPY
8.29 B JPY
Jan 1, 2028 (e)
161.80 B JPY
0.00 JPY
8.74 B JPY

Zero Co Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 23, 2026, 2:15 PM
 
REVENUEB JPY
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB JPY
EBITB JPY
EBIT MARGIN%
NET INCOMEB JPY
NET INCOME GROWTH%
DIV.JPY
DIV. GROWTH%
SHARESM
20132014201520162017201820192020202120222023202420252026e2027e2028e
60.0767.6375.3477.8379.1381.3890.2389.5092.17107.05132.86140.75147.84151.70156.75161.80
4.6812.5811.413.301.682.8310.88-0.812.9816.1424.125.945.042.613.333.22
12.3213.7513.9316.3416.9415.2213.4413.8614.5412.2611.4412.5514.7114.7114.7114.71
7.409.3010.4912.7213.4012.3812.1312.4013.4013.1315.2017.6721.7522.3223.0623.81
1.602.853.865.395.644.203.223.715.443.975.036.0610.16
2.664.225.136.937.125.163.574.145.903.713.794.306.87
0.721.512.333.463.462.131.662.373.632.543.444.157.187.778.298.74
-23.83110.8954.5048.09-38.38-22.1243.1852.74-30.0935.5820.7472.998.276.665.37
12.4022.1032.5052.4051.9021.1035.9035.6054.1037.7051.0089.40151.40112.00134.40161.28
12.7378.2347.0661.23-0.95-59.3470.14-0.8451.97-30.3135.2875.2969.35-26.0220.0020.00
17.0017.0017.0916.6816.6716.6116.6516.7216.8016.8316.8616.9016.9416.9416.9416.94
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Zero Co generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Zero Co retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Zero Co's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Zero Co has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Zero Co's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Zero Co stock margins

The Zero Co margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Zero Co. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Zero Co.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
14.54 %
5.90 %
3.93 %
Jan 1, 2022
12.26 %
3.71 %
2.37 %
Jan 1, 2023
11.44 %
3.79 %
2.59 %
Jan 1, 2024
12.55 %
4.30 %
2.95 %
Jan 1, 2025
14.71 %
6.87 %
4.86 %
Jan 1, 2026 (e)
14.71 %
0.00 %
5.12 %
Jan 1, 2027 (e)
14.71 %
0.00 %
5.29 %
Jan 1, 2028 (e)
14.71 %
0.00 %
5.40 %

Zero Co Stock Revenue, EBIT, Earnings per Share

The Zero Co earnings per share therefore indicates how much revenue Zero Co has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
5,486.37 JPY
323.81 JPY
215.83 JPY
Jan 1, 2022
6,362.26 JPY
236.14 JPY
150.67 JPY
Jan 1, 2023
7,882.12 JPY
298.41 JPY
203.90 JPY
Jan 1, 2024
8,329.45 JPY
358.50 JPY
245.59 JPY
Jan 1, 2025
8,729.20 JPY
599.83 JPY
423.87 JPY
Jan 1, 2026 (e)
8,639.07 JPY
0.00 JPY
442.68 JPY
Jan 1, 2027 (e)
8,926.65 JPY
0.00 JPY
472.18 JPY
Jan 1, 2028 (e)
9,214.24 JPY
0.00 JPY
497.53 JPY

Zero Co business model & stock analysis

Zero Co Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Zero Co historical P/E ratio, EBIT multiple, and P/S ratio

Zero Co annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Zero Co shares outstanding

The number of shares of Zero Co was 16.94 M in 2025. This indicates how many shares Zero Co is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
16.80 M Stocks
Jan 1, 2022
16.83 M Stocks
Jan 1, 2023
16.86 M Stocks
Jan 1, 2024
16.90 M Stocks
Jan 1, 2025
16.94 M Stocks
Jan 1, 2026 (e)
16.94 M Stocks
Jan 1, 2027 (e)
16.94 M Stocks
Jan 1, 2028 (e)
16.94 M Stocks

Zero Co stock splits

In Zero Co's history, there have been no stock splits.

Zero Co Dividend History

21 years of dividend payments · 3 consecutive increases

YearAnnual DividendYoY ChangePayments
2025151.40JPY 69.4%
Jun 27, 202595.40JPY 121.9%1/2
Dec 29, 202556.00JPY 41.3%2/2
202489.40JPY 75.3%
202351.00JPY 35.3%
202237.70JPY 30.3%
202154.10JPY 52.0%
202035.60JPY 0.8%
201935.90JPY 70.1%
201821.10JPY 59.3%
201751.90JPY 1.0%
201652.40JPY 61.2%

Zero Co dividend history and estimates

In 2025, Zero Co paid a dividend amounting to 151.40 JPY. Dividend means that Zero Co distributes a portion of its profits to its owners.
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  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
54.10 JPY
0.00 JPY
Jan 1, 2022
37.70 JPY
0.00 JPY
Jan 1, 2023
51.00 JPY
0.00 JPY
Jan 1, 2024
89.40 JPY
0.00 JPY
Jan 1, 2025
151.40 JPY
0.00 JPY
Jan 1, 2026 (e)
56.00 JPY
56.00 JPY
Jan 1, 2027 (e)
0.00 JPY
134.40 JPY
Jan 1, 2028 (e)
0.00 JPY
161.28 JPY

Zero Co dividend payout ratio

In 2025, Zero Co had a payout ratio of 35.72%. The payout ratio indicates the percentage of the company's profits that Zero Co distributes as dividends.
  • 3 Years

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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
25.07 %
Jan 1, 2022
25.02 %
Jan 1, 2023
25.01 %
Jan 1, 2024
36.40 %
Jan 1, 2025
35.72 %
Jan 1, 2026 (e)
25.30 %
Jan 1, 2027 (e)
28.46 %
Jan 1, 2028 (e)
32.42 %
Price targets and forecasts for Zero Co are not yet available.

Zero Co shareholder structure

% Name
46.74260%
Zenith Logistics Ltd.
Zenith Logistics Ltd.
20.37016%
SBS Holdings Inc
SBS Holdings Inc
5.02278%
Fujitrans Corporation
Fujitrans Corporation
3.33713%
Zenith Logistics Pte. Ltd.
Zenith Logistics Pte. Ltd.
1.45216%
Kuribayashi Transport Co., Ltd.
Kuribayashi Transport Co., Ltd.
1.23576%
KK Kaiso
KK Kaiso

Zero Co Executives and Management Board

TK

Mr. Takeo Kitamura

(59)

Chairman of the Board, Representative Director · since 2006

TT

Mr. Toshihiro Takahashi

(54)

President, Representative Director · since 2015

HN

Mr. Hideki Nakae

(70)

Vice Chairman of the Board, Chief Director of Customer Service

GS

Mr. Gakuji Shibata

Executive Officer, Chief Director of Sales

MW

Mr. Masanori Wayama

Executive Officer, Director of Human Resources

Frequently asked questions about Zero Co

5 analysts currently rate the Zero Co stock: 4 recommend buying, 1 holding and 0 selling. For 2026, analysts expect Zero Co to generate revenue of 151.70 B JPY and earnings per share of 458.98 JPY.

All fundamentals and in-depth analysis of Zero Co

Our stock analysis for Zero Co stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Zero Co. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.