Air Water Inc, founded in 1929 and headquartered in Osaka, Japan, is a diversified company involved in the manufacture and marketing of industrial gases, chemicals, medical, energy, agricultural, and food products. The company has a significant presence both domestically, with 711 bases, and internationally in 18 countries. Their consolidated revenue in FY2022 was 1,004.9 billion yen, with an operating profit of 62.2 billion yen.
The company's business operations are extensive and include a wide range of domains. Air Water Inc is a leader in several sectors, holding substantial market shares in products and services like oxygen (30% in 2021), dry ice (47% in FY2021), medical oxygen (37% in FY2021), installation of medical gas pipes (45% in FY2022), raw ham production volume (30% in FY2022), and industrial salt (42% in FY2022).
Their R&D efforts focus on developing core technologies in the industrial gas businesses and applying these to various fields, including agriculture and medicine. They also emphasize new technologies under the open innovation initiative. The company spent JPY 5,338 million on R&D in FY2022, a testament to its commitment to innovation.
Air Water Inc's business segments are diverse, encompassing logistics, agriculture and food products, chemicals, energy, industrial gas, medical, and other businesses. They have made strategic moves in North America, such as partnering with Mitsui & Co., Ltd., to expand their industrial gas business, underscoring their global outreach and ambition.