ZERO Co., Ltd.

TSE:9028 Stock Report

Market Cap: JP¥61.7b

ZERO Future Growth

Future criteria checks 1/6

ZERO is forecast to grow earnings and revenue by 9% and 3.8% per annum respectively while EPS is expected to grow by 9.2% per annum.

Key information

9.0%

Earnings growth rate

9.23%

EPS growth rate

Transportation earnings growth2.4%
Revenue growth rate3.8%
Future return on equityn/a
Analyst coverage

Low

Last updated03 Jul 2026

Recent future growth updates

Recent updates

Analysis Article • Dec 25

ZERO's (TSE:9028) Dividend Will Be ¥56.00

ZERO Co., Ltd.'s ( TSE:9028 ) investors are due to receive a payment of ¥56.00 per share on 16th of March. This makes...
Analysis Article • Dec 15

ZERO Co., Ltd. (TSE:9028) Stock Catapults 26% Though Its Price And Business Still Lag The Market

ZERO Co., Ltd. ( TSE:9028 ) shares have had a really impressive month, gaining 26% after a shaky period beforehand. The...
Analysis Article • Nov 22

ZERO's (TSE:9028) Dividend Will Be ¥56.00

The board of ZERO Co., Ltd. ( TSE:9028 ) has announced that it will pay a dividend on the 16th of March, with investors...
Analysis Article • Nov 20

Statutory Profit Doesn't Reflect How Good ZERO's (TSE:9028) Earnings Are

Even though ZERO Co., Ltd.'s ( TSE:9028 ) recent earnings release was robust, the market didn't seem to notice...
Analysis Article • Oct 06

ZERO (TSE:9028) Has Announced A Dividend Of ¥56.00

ZERO Co., Ltd. ( TSE:9028 ) has announced that it will pay a dividend of ¥56.00 per share on the 16th of March. This...
Analysis Article • Jun 21

ZERO (TSE:9028) Will Pay A Larger Dividend Than Last Year At ¥95.40

ZERO Co., Ltd. ( TSE:9028 ) will increase its dividend from last year's comparable payment on the 27th of September to...
Analysis Article • May 20

ZERO's (TSE:9028) Shareholders Will Receive A Bigger Dividend Than Last Year

ZERO Co., Ltd. ( TSE:9028 ) has announced that it will be increasing its dividend from last year's comparable payment...
Analysis Article • Apr 06

ZERO (TSE:9028) Knows How To Allocate Capital Effectively

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Analysis Article • Mar 16

ZERO's (TSE:9028) Shareholders Will Receive A Bigger Dividend Than Last Year

ZERO Co., Ltd.'s ( TSE:9028 ) dividend will be increasing from last year's payment of the same period to ¥64.40 on 27th...
Analysis Article • Dec 04

ZERO (TSE:9028) Has Announced A Dividend Of ¥43.00

ZERO Co., Ltd. ( TSE:9028 ) has announced that it will pay a dividend of ¥43.00 per share on the 11th of March. This...
Analysis Article • Oct 23

ZERO's (TSE:9028) Dividend Will Be ¥43.00

ZERO Co., Ltd.'s ( TSE:9028 ) investors are due to receive a payment of ¥43.00 per share on 11th of March. This takes...
Analysis Article • Jun 26

ZERO (TSE:9028) Will Pay A Larger Dividend Than Last Year At ¥39.80

ZERO Co., Ltd.'s ( TSE:9028 ) dividend will be increasing from last year's payment of the same period to ¥39.80 on 28th...
Analysis Article • Jun 05

ZERO's (TSE:9028) Upcoming Dividend Will Be Larger Than Last Year's

ZERO Co., Ltd.'s ( TSE:9028 ) dividend will be increasing from last year's payment of the same period to ¥39.80 on 28th...
Analysis Article • May 21

ZERO (TSE:9028) Is Increasing Its Dividend To ¥39.80

ZERO Co., Ltd.'s ( TSE:9028 ) periodic dividend will be increasing on the 28th of September to ¥39.80, with investors...

Earnings and Revenue Growth Forecasts

TSE:9028 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/2028161,0008,400N/A12,3001
6/30/2027156,0007,910N/A11,9101
6/30/2026151,0007,200N/A11,2001
3/31/2026146,7456,8188,48011,817N/A
12/31/2025144,7286,71111,87414,987N/A
9/30/2025148,9847,03910,77113,948N/A
6/30/2025147,8437,1799,94112,857N/A
3/31/2025148,2046,6439,50712,489N/A
12/31/2024145,3076,1959,60212,712N/A
9/30/2024143,3945,3287,75410,741N/A
6/30/2024140,7514,1508,44711,233N/A
3/31/2024137,3793,8965,1217,984N/A
12/31/2023133,0143,4405,0547,540N/A
9/30/2023130,7433,3368,22110,479N/A
6/30/2023132,8613,4376,5868,778N/A
3/31/2023131,5743,1293,9886,402N/A
12/31/2022124,8683,1709773,723N/A
9/30/2022119,2362,953-2532,614N/A
6/30/2022107,0452,5351,2643,954N/A
3/31/202299,7472,6271,4193,994N/A
12/31/202194,8272,6743,8536,773N/A
9/30/202192,3352,9176,0489,056N/A
6/30/202192,1713,6265,5378,594N/A
3/31/202186,6393,0056,4839,221N/A
12/31/202087,0102,8016,1248,359N/A
9/30/202088,0022,6724,3116,395N/A
6/30/202089,5012,3744,5446,538N/A
3/31/202095,0933,0442,9715,174N/A
12/31/201993,3083,050N/A4,652N/A
9/30/201992,2202,438N/A3,135N/A
6/30/201990,2281,658N/A1,033N/A
3/31/201988,7241,384N/A304N/A
12/31/201885,9961,112N/A564N/A
9/30/201882,9671,493N/A1,670N/A
6/30/201881,3762,129N/A3,015N/A
3/31/201879,3552,287N/A3,860N/A
12/31/201779,6052,832N/A4,640N/A
9/30/201779,9543,426N/A4,531N/A
6/30/201779,1343,455N/A3,391N/A
3/31/201777,9693,352N/AN/AN/A
12/31/201677,3063,412N/A4,536N/A
9/30/201677,0463,265N/AN/AN/A
6/30/201677,8293,455N/A5,050N/A
3/31/201680,8933,382N/AN/AN/A
12/31/201580,7002,856N/A2,982N/A
9/30/201579,4332,499N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9028's forecast earnings growth (9% per year) is above the savings rate (0.8%).

Earnings vs Market: 9028's earnings (9% per year) are forecast to grow slower than the JP market (10% per year).

High Growth Earnings: 9028's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9028's revenue (3.8% per year) is forecast to grow slower than the JP market (6.3% per year).

High Growth Revenue: 9028's revenue (3.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 9028's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/09 15:02
End of Day Share Price 2026/07/09 00:00
Earnings2026/03/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ZERO Co., Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yumiko KaiIchiyoshi Research Institute Inc.