Zero exceeds PBR target, raises JPY 998m

Zero's PBR reached 1.21x by June 2025, exceeding its 1.0x target, driven by improved stock liquidity and capital profitability. The company's current earnings yield implies a 13.9% equity cost, while ROE is 17.9%.

Zero completed a third-party allocation of 295,400 common shares at JPY 3,380 each, raising JPY 998,452,000. This is expected to increase the float to over 25% to meet Standard Market listing criteria.