Tan Chong International Limited (Stock Code: 693) released an overseas regulatory announcement presenting the financial results of Zero Co., Ltd. (Stock Code: 9028) for the three-month period ended September 30, 2025.

Zero Co., Ltd. reported consolidated revenue of 35,453 million yen for the first quarter, a 3.3% year-on-year increase. Operating profit stood at 2,510 million yen, reflecting a decrease of 7.9% compared to the same period of the previous year. Profit attributable to equity shareholders was 1,747 million yen, down 7.4% year-on-year, while total comprehensive income rose by 17.9% to 2,046 million yen.

As of September 30, 2025, Zero Co., Ltd. had total assets of 71,541 million yen and total equity of 43,970 million yen, giving an equity ratio attributable to its equity shareholders of 60.5%. Compared to the previous fiscal year-end, current assets declined primarily due to decreases in cash and inventories, whereas non-current assets rose on higher property, plant and equipment. Current liabilities also declined year-on-year, mostly owing to smaller trade payables and income tax payables.

By segment, domestic automobile-related business recorded lower revenue from new-car transport but higher used-car transport volume, yielding a slight revenue decline and lower profit. Human resources business saw moderate revenue gains, though rising labor costs partially weighed on profitability. General cargo operations achieved higher revenue and profit, boosted by new warehousing projects and cargo-handling expansions. Overseas-related business grew in sales, supported by stronger used-vehicle exports and improved transport volumes in China, though year-on-year profit was affected by the absence of a one-time factor in the prior quarter.

The full-year forecast for fiscal year ending June 30, 2026, remains unchanged, with projected revenue of 145,000 million yen (down 1.9% year-on-year) and operating income of 10,300 million yen (up 0.7% year-on-year). The company notes that these forecasts may vary subject to market conditions and economic factors.