Under its corporate purpose, “Meeting society’s needs with nature’s blessings,” the Air Water Group operates a diverse range of businesses that support the foundations of both daily life and industry. We aim to address social issues while pursuing sustainable growth.
This page introduces the Group’s management resource strengths and its growth strategies.
Centered on industrial gases, we provide products and services essential to people’s lives and industry in areas such as energy, medical, agriculture and food.
Across these domains, we offer products and services with high market share, enabling us to build a stable earnings foundation.
Our diversified business portfolio—designed to generate synergies—allows us to flexibly adapt to changes in the external environment.
High-Share Products
Sources:
Oxygen and dry ice: Gas Review, “Gas Diorama 2026”
Medical oxygen and medical gas piping installation: Gas Review, “Gas Mediciner 2025”
Dry-cured ham production volume and domestic salt: Air Water internal survey
Note:
Figures for oxygen represent results for calendar year 2024.
Figures for all other items represent results for fiscal year 2024.
Through our nationwide network of bases and the development of highly specialized sales personnel at region-based operating companies, we provide products and services that accurately capture local needs.
We possess a diverse range of technical resources and contribute to solving issues and creating value in each business domain.
In addition to strengthening our research and development framework, we support the sustainable creation of new businesses by clearly defining priority areas for technology.
As our businesses diversify, people with different values and areas of expertise are playing active roles within the Group.
Domestic business sites: As of March 31, 2025
All other data: As of March 31, 2026
As part of the new Medium-Term Management Plan beginning in FY2025, we have shifted our focus from “scale” to “quality,” making profitability and capital efficiency our highest priorities. Guided by this direction, we will accelerate business growth by advancing our priority initiatives.
With the expansion of demand for AI and data centers, we position the semiconductor and electronics field as a priority domain for global growth. We provide total solutions that support every stage—from the construction and operation of semiconductor plants to future expansions—while expanding our proposals from raw materials such as specialty gases and high-purity materials to both upstream and downstream processes.
In Hokkaido, we have consolidated Group functions to provide products and services for Rapidus, contributing to Japan’s domestic production of advanced semiconductors.
In Kumamoto, we have established a new site by integrating six semiconductor-related Group companies, building a regionally rooted sales and technical support system.
Furthermore, by leveraging our nationwide network of approximately 50 locations, we continue to strengthen our ability to meet diverse customer needs.
In Japan, our industrial gas business provides a stable earnings foundation, and the cash generated is used to invest in growth fields.
Overseas, we focus on India and North America as priority regions and are expanding our supply infrastructure.
In India, we have established on-site gas supply systems for multiple major steel manufacturers, and our liquefied gas production plant in Chennai is now in operation. We are also building a supply network that meets the needs of industries such as automotive. In addition, we are proceeding with new investments in plants that produce nitrogen—an essential element for semiconductor manufacturing—thereby accelerating our business growth in India.
In North America, demand is increasing against the backdrop of a revitalized manufacturing sector. We are capturing business opportunities by leveraging collaboration networks with Japanese companies. Furthermore, we are expanding our supply network through partnerships with local distributors and through strategic M&A initiatives.
The Air Water Group views the response to climate change not only as a social issue but also as a significant business opportunity.
Leveraging our strengths in energy and gas-handling technologies, as well as our nationwide supply infrastructure, we are promoting the social implementation of renewable energy and low‑carbon fuels.
In Hokkaido, we have begun producing and supplying low‑carbon energy by utilizing local resources, and we are working to expand its applications.
In the renewable energy field, we are expanding the adoption of the vertical solar power generation system “VERPA,” which enables installation even in areas where deployment had previously been difficult.
Furthermore, through initiatives such as the production of low‑carbon hydrogen, CO2 capture and utilization, and the development of energy models that circulate regional resources, we are contributing to the reduction of society-wide greenhouse gas (GHG) emissions and further advancing the creation and expansion of carbon‑neutral businesses.
Japan’s agricultural sector faces a variety of challenges, including a declining number of farmers and reduced crop yields caused by climate change.
With a strong business foundation in Hokkaido, the Air Water Group contributes to addressing these agricultural issues and is expanding businesses that support food security. We are strengthening the upstream areas of the agricultural supply chain, including production, procurement, manufacturing, and processing.
As part of these initiatives, we provide agricultural support services and contract farming, enhance processing and preservation technologies, and work to maximize value in logistics and distribution by leveraging our logistics network.
Furthermore, through collaboration with multiple partners, we are mutually utilizing technologies and business resources to reinforce the supply chain and expand new businesses that contribute to reducing food loss.
