ZERO (9028) investor relations material

Executive summary

• Q1 FY2027 revenue rose 3.9% YoY to ¥36,827 million; operating profit fell 3.1% to ¥2,432 million and attributable profit fell 10.2% to ¥1,570 million.

• Domestic automotive-related and human-resource growth was offset by weaker general cargo and overseas performance, alongside higher costs.

Financial highlights

• Revenue was ¥36,827 million, up 3.9% YoY; operating profit was ¥2,432 million, down 3.1%, and profit before tax was ¥2,416 million, down 3.9%.

• Quarterly profit was ¥1,558 million, down 11.2%; profit attributable to owners was ¥1,570 million, down 10.2%; basic and diluted EPS were ¥92.42.

• Comprehensive income was ¥1,504 million versus ¥2,046 million a year earlier; OCI shifted from ¥291 million income to ¥54 million loss.

Outlook and guidance

• FY2027 guidance remains unchanged: revenue ¥155,000 million, operating and pre-tax profit ¥11,000 million each, attributable profit ¥7,300 million, and EPS ¥429.18.

• Full-year dividend forecast is ¥141.60 per share, including an interim dividend of ¥57.00; forecast payout ratio is 33.0%.

• Actual results may differ with domestic and overseas economic conditions and foreign-exchange fluctuations.