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Zero Co. Reports Profit Dip as First-Half Revenue Slides

Japanese logistics provider Zero Co. Ltd. (9028.TO) saw its net profit decline to ¥3.04 billion for the first half of the fiscal year ending December 31, 2024, as a contraction in revenue weighed on the group's bottom line.

Zero Co. Reports Profit Dip as First-Half Revenue Slides

The company reported a total revenue of ¥65.84 billion for the six-month period, down from ¥68.96 billion in the previous year. This retreat in top-line growth filtered through to the group's core earnings, with operating profit falling to ¥4.44 billion compared to ¥4.95 billion in the same period of 2024.

Pressure on Margins

According to the latest financial disclosure, pretax profit mirrored the broader downward trend, settling at ¥4.43 billion against the prior year's ¥4.94 billion. The results, which are based on IFRS accounting standards, indicate a tightening of margins as the company navigates shifting market conditions in the Japanese transport and logistics sector.

Shareholders saw a corresponding reduction in returns, with basic earnings per share dropping to ¥179.11 from ¥207.12 a year ago. Diluted earnings per share were similarly affected, ending the half-year at ¥179.10 as Zero Co. Ltd. seeks to stabilize its performance for the remainder of the fiscal year.

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