ZERO CO.,LTD.
9028・Standard Market・Land Transportation
Governance
Company with a Board of Corporate Auditors. Nine directors (including three outside directors) and three corporate auditors (including two outside corporate auditors). In August 2021, the company established a voluntary advisory committee under the Board of Directors (comprising three members, chaired by an independent outside director) to deliberate on nominations, compensation, and matters involving potential conflicts of interest with the controlling shareholder. An executive officer system (five members) has also been introduced to separate business execution from oversight.
Risk Management
The Company has established a Risk Management Committee chaired by the Representative Director and Chairman, with four subordinate committees: the Business Laws and Regulations Committee, the General Laws and Regulations & Business Environment Committee, the Business Operations Committee, and the Crisis Response Committee. Climate change risk is overseen by the Corporate Planning Department of the Corporate Strategy Division, while human capital risk is overseen by the Human Resources Department, with regular reporting conducted at least once a year as part of TCFD-related response. The Internal Audit Department utilizes reports from each committee and has established a system for regular reporting to the Board of Directors and the Board of Corporate Auditors.
Shareholder Returns
Payout ratio target of 33% as basic policy, with dividends paid twice a year. FY2025 (ended June 2025) actual annual dividend was ¥139.90 (interim ¥43.00 + year-end ¥96.90). For FY2026 (ending June 2026), the interim dividend of ¥56.00 has already been paid, with a year-end dividend of ¥84.30 (forecast), bringing the annual total to ¥140.30. Both earnings forecast and dividend forecast remain unrevised.
Dividend Policy
Profit attributable to owners of parent is divided into three categories—"shareholder returns," "growth investment," and "financial stabilization"—with a basic policy of a 33% payout ratio. The interim dividend is generally set at 40% of the annual dividend, with dividends paid twice a year (interim and year-end). Extraordinary gains or losses may be excluded from the calculation. The annual dividend forecast for FY2026 (ending June 2026) is ¥140.30 (interim ¥56.00 + year-end ¥84.30), unchanged from the most recently announced forecast.
ESG
Conducted TCFD-aligned scenario analysis under 1.5°C and 4°C scenarios, organizing risks and opportunities related to carbon taxes, EV adoption, natural disasters, and other factors. Scope 1 GHG emissions for the fiscal year under review were 53,961 t-CO2 (versus 53,466 t-CO2 in the previous fiscal year). In terms of human capital, the turnover rate within 3 years improved significantly from 21.8% in the previous fiscal year to 10.0% in the current fiscal year, with a male childcare leave utilization rate of 63.0% and a female ratio among management positions of 7.9%. The cumulative number of new transport equipment units, the "Z model," expanded to 50 units (versus 42 units in the previous fiscal year), and environmental initiatives such as transport digitalization and modal shift promotion were advanced.
Last updated: September 29, 2025