Zero Co., Ltd (9028): Stock +90% in 2024, OP growth + 23% y/y in 24, and guidance 25 OP + 30% and still PE of 6-7x due to low OP margin but this issue will be addressed!
Auto OEMs are not the only way to benefit from the resurgence in interest in Japanese autos. There is a cheaper auto distribution company with higher operating growth prospect: Zero. Its major customer is Nissan, although Nissan’s importance is consistently declining. Thus, Zero can be an indirect beneficiary of the Nissan/Honda tie-up. Zero is an …