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Air Water Inc. (4088.T)

JPY2,574.00 +3.00 (+0.12%)
JP JPX Basic Materials Chemicals - Specialty
Address 2-12-8 Minami Semba 542-0081
Osaka, JP
CEO Ryosuke Matsubayashi
Website awi.co.jp
IPO 2001-01-01
ISIN JP3160670000

Explore sections of this company profile

Also trades on Other OTC · AWTRF (USD) Tokyo Stock Exchange · 4088.T (JPY)
Description

Air Water Inc., established in 1929 and headquartered in Osaka, Japan, is a diversified conglomerate operating across numerous sectors including industrial gas, chemicals, medical products, energy, agriculture, and food. Its industrial gas division produces and supplies a range of atmospheric and specialty gases, such as oxygen, nitrogen, argon, carbon dioxide, hydrogen, and helium. This segment also delivers air separation systems, gas handling equipment, argon-based shielding gases, special gases, and comprehensive engineering solutions. The chemicals sector provides quinone, organic acids, fine chemicals, and custom synthesis services. It also develops pharmaceutical and agricultural chemical intermediates, electronic materials, printed circuit boards, and various carbon-based materials. In healthcare, Air Water Inc. offers medical oxygen, nitric oxide, and liquefied helium. It manages hospital facilities and provides a wide array of medical equipment, such as endoscope systems, hyperbaric oxygen chambers, respiratory support devices, and surgical instruments. The company further extends its medical services to include supply chain management, instrument sterilization, and consumer-focused products like oxygen concentrators, infusion pumps, hygiene materials, injection needles, dental technology, and nursing care items. The energy business distributes liquefied petroleum (LP) gas, kerosene, and natural gas (LNG). It also supplies various household and commercial energy appliances, including water heaters, stoves, boilers, kitchen systems, toilets, unit baths, garages, and carports. Specialized transport equipment like LP gas-type mobile power source vehicles, LNG transport equipment, and fuel lorries are also part of its offerings. Within agriculture and food products, the company provides a wide selection of items from hams and sausages to frozen foods, sweets, fresh vegetables, and beverages (soft drinks, vegetable, and fruit). It also manufactures agricultural machinery and offers wholesale, processing, and retail services for fruits and vegetables. Additionally, Air Water Inc. provides comprehensive logistics services, encompassing high-pressure gas, general cargo, food transport, and bodywork. Its remaining portfolio features salt, environmental solutions, seaweed and adsorbent products, electricity supply, magnesia, aerosol products, electronic materials, phenolic resins, O-rings, metal surface treatment services, artificial recycled wood, SiC substrates, and various engineering services.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY2,574.00 +3.00 (+0.12%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.31
Float Shares
211.32M
Free Float %
92.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.48% +8.78% -8.03% -18.56% -10.61% -9.13% +2.16% +12.60% +15.05% +21.87% +436.81%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,574.00
DCF (Unlevered) 3,413.26 +32.6%
DCF (Levered) 2,756.41 +7.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 1 0
Hold 1 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
1.99
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Chemicals - Specialty: +4.7%
    +5.0% Q3'25: +0.9% (vs Q3'24)
  • EPS growth Chemicals - Specialty: +13.2%
    +10.2% Q3'25: -507.7% (vs Q3'24)
  • FCF margin FCF growth · Chemicals - Specialty: +44.1%
    +3.1% Q3'25: +3.2% (vs Q3'24)
  • EBIT margin Chemicals - Specialty: +8.8%
    +6.0% Q3'25: +5.4% (vs Q3'24)
  • ROIC Chemicals - Specialty: +5.6%
    +4.9% Q3'25: +6.6% (vs Q3'24)
  • Share dilution Chemicals - Specialty: +0.1%
    +0.4% Q3'25: +0.2% (vs Q3'24)
  • Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×
    3.87× Q3'25: 3.89× (vs Q3'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.28) × ERP
WACC = 52% × Ke + 48% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3,320.40 Current price: 2,574.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
4 Rev. Ana.
3 EPS Ana.
Mar 2027
4 Rev. Ana.
3 EPS Ana.
Mar 2028
3 Rev. Ana.
3 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
660.54B
est: 668.80B (-1.2%)
660.62B
est: 674.50B (-2.1%)
670.54B
est: 682.92B (-1.8%)
753.56B
est: 750.98B (+0.3%)
742.29B
est: 803.33B (-7.6%)
809.08B
est: 817.31B (-1.0%)
806.63B
est: 812.83B (-0.8%)
888.67B
est: 886.88B (+0.2%)
1.00T
est: 996.00B (+0.9%)
1.02T
est: 1.04T (-1.5%)
1.08T
est: 1.09T (-1.4%)
1.17T
1.16T – 1.18T
+7.2% YoY
1.23T
1.22T – 1.25T
+5.5% YoY
1.28T
1.27T – 1.29T
+3.7% YoY
1.36T
1.34T – 1.38T
+6.3% YoY
1.46T
1.44T – 1.48T
+7.4% YoY
EBITDA
63.46B
est: 75.67B (-16.1%)
68.43B
est: 76.31B (-10.3%)
69.32B
est: 77.27B (-10.3%)
72.06B
est: 84.96B (-15.2%)
74.43B
est: 90.89B (-18.1%)
81.07B
est: 92.47B (-12.3%)
84.53B
est: 91.96B (-8.1%)
102.79B
est: 100.34B (+2.4%)
94.69B
est: 112.69B (-16.0%)
108.45B
est: 109.56B (-1.0%)
113.99B
est: 114.89B (-0.8%)
123.20B
121.64B – 124.49B
+7.2% YoY
129.94B
128.49B – 131.44B
+5.5% YoY
134.78B
133.82B – 135.75B
+3.7% YoY
143.20B
141.61B – 144.86B
+6.2% YoY
153.73B
152.02B – 155.51B
+7.4% YoY
EBIT
36.13B
est: 44.47B (-18.8%)
39.52B
est: 44.85B (-11.9%)
41.34B
est: 45.41B (-9.0%)
42.40B
est: 49.94B (-15.1%)
43.65B
est: 53.42B (-18.3%)
46.08B
est: 54.35B (-15.2%)
45.50B
est: 54.05B (-15.8%)
59.41B
est: 58.98B (+0.7%)
49.71B
est: 66.23B (-25.0%)
61.86B
est: 63.17B (-2.1%)
64.76B
est: 66.25B (-2.2%)
71.04B
70.14B – 71.79B
+7.2% YoY
74.93B
74.09B – 75.79B
+5.5% YoY
77.72B
77.16B – 78.28B
+3.7% YoY
82.58B
81.66B – 83.53B
+6.3% YoY
88.65B
87.66B – 89.67B
+7.4% YoY
Net Income
20.70B
est: 24.93B (-17.0%)
20.14B
est: 25.28B (-20.3%)
22.34B
est: 27.98B (-20.2%)
25.17B
est: 30.13B (-16.5%)
28.82B
est: 31.77B (-9.3%)
30.43B
est: 32.08B (-5.1%)
27.37B
est: 30.19B (-9.3%)
43.22B
est: 42.76B (+1.1%)
40.14B
est: 39.50B (+1.6%)
44.36B
est: 46.59B (-4.8%)
49.08B
est: 49.40B (-0.7%)
21.77B
21.73B – 21.81B
-55.9% YoY
49.47B
48.80B – 50.13B
+127.2% YoY
63.57B
63.52B – 64.61B
+28.5% YoY
70.44B
69.40B – 71.47B
+10.8% YoY
79.98B
78.82B – 81.18B
+13.6% YoY
SGA
81.29B
est: 95.44B (-14.8%)
88.24B
est: 96.25B (-8.3%)
101.43B
est: 97.45B (+4.1%)
107.26B
est: 107.16B (+0.1%)
117.32B
est: 114.63B (+2.3%)
123.41B
est: 116.63B (+5.8%)
121.43B
est: 115.99B (+4.7%)
125.54B
est: 126.56B (-0.8%)
135.01B
est: 142.13B (-5.0%)
141.76B
est: 146.34B (-3.1%)
149.24B
est: 153.46B (-2.7%)
164.56B
162.48B – 166.28B
+7.2% YoY
173.56B
171.62B – 175.56B
+5.5% YoY
180.03B
178.74B – 181.32B
+3.7% YoY
191.28B
189.15B – 193.49B
+6.3% YoY
205.34B
203.06B – 207.72B
+7.4% YoY
EPS
105.74
est: 108.95 (-2.9%)
102.73
est: 110.46 (-7.0%)
114.53
est: 122.28 (-6.3%)
128.95
est: 131.67 (-2.1%)
147.33
est: 138.84 (+6.1%)
147.43
est: 140.17 (+5.2%)
120.97
est: 131.92 (-8.3%)
191.06
est: 186.87 (+2.2%)
176.84
est: 175.11 (+1.0%)
194.68
est: 204.29 (-4.7%)
214.57
est: 215.82 (-0.6%)
95.13
94.94 – 95.30
-55.9% YoY
216.88
213.26 – 219.05
+128.0% YoY
280.60
277.58 – 282.33
+29.4% YoY
307.70
303.24 – 312.32
+9.7% YoY
349.50
344.44 – 354.75
+13.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B+ 3/5 5/5 3/5 4/5 1/5 1/5 4/5
2026-05-11 B+ 3/5 5/5 3/5 4/5 1/5 1/5 4/5
2026-05-08 B+ 3/5 5/5 3/5 4/5 1/5 1/5 4/5
2026-05-07 B+ 3/5 5/5 3/5 4/5 1/5 1/5 4/5
2026-05-01 B+ 3/5 5/5 3/5 4/5 1/5 1/5 4/5
2026-04-30 B+ 3/5 5/5 3/5 4/5 1/5 1/5 4/5
2026-04-28 B 3/5 5/5 3/5 4/5 1/5 1/5 3/5
2026-04-27 B+ 3/5 5/5 3/5 5/5 1/5 1/5 3/5
2026-04-24 B+ 3/5 5/5 3/5 5/5 1/5 1/5 3/5
2026-04-23 B+ 3/5 5/5 3/5 5/5 1/5 1/5 3/5
2026-04-22 B+ 3/5 5/5 3/5 5/5 1/5 1/5 3/5
2026-04-21 B+ 3/5 5/5 3/5 5/5 1/5 1/5 3/5
2026-04-20 B+ 3/5 5/5 3/5 5/5 1/5 1/5 3/5
2026-04-17 B+ 3/5 5/5 3/5 5/5 1/5 1/5 3/5
2026-04-16 B+ 3/5 5/5 3/5 5/5 1/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
33.81B
OE per share TTM
147.53
Owner's Yield
7.14%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
47.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 108 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
3.18M
Shares Outstanding
229.22M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ryosuke Matsubayashi COO, CEO, President & Representative Director 114M male
Hidetoshi Onoe Sr Mag. Exe. Off., Head of Health & Safety Group, Head of Dental Care Unit and Corporate Director male
Kikue Inoue Executive Officer & Director female
Shigeki Otsuka Sr. Managing Exe. Off., Corp. Director and GM of Financial & Investor Relations Strategy Office male
Yoshito Mashiko Sales Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits