Zero Corp. details controlling shareholder structure, governance measures

Zero Corporation has announced its controlling shareholder structure as of June 30, 2025. Tan Chong International Limited is the parent company, holding 51.43% of Zero's voting rights indirectly and listed on the Hong Kong Stock Exchange. Zero is a subsidiary of Tan Chong International Limited and operates primarily in automobile transport in Japan, while the Tan Chong group engages in diverse businesses across Asia.

Additionally, SBS Holdings, Inc. holds 20.92% of Zero's voting rights, making Zero an equity-method affiliate. SBS Holdings, Inc. is listed on the Tokyo Stock Exchange Prime Market and its group focuses on logistics, real estate, and other related businesses. Zero maintains operational independence from its parent companies, despite close cooperative relationships.

To ensure proper governance and protection of minority shareholders, Zero has established an advisory committee. This committee will consult on any significant transactions or actions with controlling shareholders that could lead to conflicts of interest, providing recommendations to prevent disadvantage to minority shareholders. As of the period ending June 2025, there were no reportable transactions between Zero and its controlling shareholders.