- CEO
- Ryosuke Matsubayashi
- Full Time Employees
- 21,824
- Sector
- Process industries
- Industry
- Chemicals: specialty
- Address
- 2-12-8 Minami Semba Osaka OS Japan 542-0081
- IPO Date
- Oct 5, 1966
- Business
- Air Water Inc. (4088.T) manufactures and sells industrial gases, chemicals, medical equipment, energy solutions, agriculture and food products, and related services across Japan and select overseas markets including India and North America; the company operates through four primary domains—Digital & Industry, Energy Solutions, Health & Safety, and Agriculture & Foods—offering products such as oxygen, nitrogen, argon, carbon dioxide, hydrogen, electronic and functional materials, liquefied petroleum gas, liquefied natural gas, liquefied biomethane, medical gases, hospital facilities, frozen foods, agroprocessing, and fruit and vegetable distribution, alongside logistics, seawater processing, and engineering technologies like high-purity nitrogen generators (V1) and compact liquefied oxygen/nitrogen units (VSU). Founded in 2000 through the merger of Daido Hoxan Inc. and Kyodo Oxygen Co., Ltd.—with roots tracing to 1929—and headquartered in Osaka, Japan, Air Water generates stable cash flows from its cornerstone industrial gas business while expanding into semiconductor-related materials, digital solutions, and decarbonization technologies such as CO2 recovery equipment and biomethane-derived green hydrogen to address social issues like carbon neutrality and food security. In June 2025, the company launches its new medium-term management plan "terrAWell30 2nd stage" for FY2025-2027, shifting from scale expansion—having achieved ¥1 trillion revenue in FY2022—to profitability pursuit through ¥320 billion in investments including ¥250 billion for growth via capital expenditures and M&A, business portfolio reforms targeting low-growth areas, ROE of 11% and operating income margin of 8.5% by FY2027, elevated dividend payout to 35% with progressive policies, and ESG goals like 30% GHG emissions reduction by FY2030; recent initiatives encompass a simplified absorption-type company split with Air Water Gas Products in August 2025, establishment of a Global & Engineering Group in FY2023 for overseas expansion aiming 20% overseas sales by FY2030, and new facilities like Air Water Forest in Hokkaido by December 2024 and Nature’s Blessing Farm Matsumoto in 2025.