Air Water Inc. · TSE:4088
Air Water — Corporate Update (September 2026)
23 slides from Air Water's corporate update, Sep 17, 2026
Slide 1: Direction of Management Reform
Direction of Management Reform September 17, 2026
Slide 2: Introduction: Outline of Strategic Policy for Enhancing Corporate Value
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Introduction Strategic policy to review corporate strategy and prevent recurrence ❶ Recurrence Prevention ❷ Improvement Plan and ❸ Direction of Management Measures (Detailed) Status Report Refor
Slide 3: Direction of Management Reform
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Direction of Management Reform Fundamental review of management to rebuild a unique model Until Now Going Forward Management Expansion of business scale Pursuing sustainable growth by shifting P
Slide 4: Purpose
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Purpose Our Aspiration We will continue to evolve the blessings of the earth, such as air and water, into “indispensable value” for people’s lives and industry, and deliver it to society. While
Slide 5: Strengths and Competitive Advantages
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Strengths and Competitive Advantages Strengths (Core Competence) Proprietary technology & know-how Regional density & customer base Customer-needs- Separation, Own distribution purification and
Slide 6: Business Composition / Business Portfolio Management
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Business Composition / Business Portfolio Management Evaluating the business portfolio from the perspectives of strategic fit, financial performance and governance Business Composition Evaluatio
Slide 7: Review of the Business Portfolio
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Review of the Business Portfolio Full review of diversified businesses; resources focused on core businesses ❷ Full review ❸ Business classification ❶ Evaluation criteria of all businesses and a
Slide 8: Medium- to Long-Term Growth Roadmap
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Medium- to Long-Term Growth Roadmap Completing structural reform to build a leaner base and drive growth Until FY2030 FY2026-FY2028 FY2028-FY2030 now onward Executing Accelerating Evolving struc
Slide 9: Management Targets － Key KPIs
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Management Targets － Key KPIs Through management reforms, we aim to achieve both improved profitability and financial health—rather than focusing on sales volume—alongside shareholder returns. F
Slide 10: Management Targets － Capital Allocation (FY2026-FY2030)
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Management Targets － Capital Allocation (FY2026-FY2030) Operating CF funds investment and ordinary dividends; divestment proceeds mainly fund shareholder returns and debt reduction Cash in Cash
Slide 11: Shareholder Return Policy
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Shareholder Return Policy Addressing shareholder returns as a top management priority Return Cash in from divestments to be returned flexibly, policy balanced against growth investment and finan
Slide 12: Industrial Gas Business Strategy (1)
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Industrial Gas Business Strategy (1) Managing the Entire Value Chain In-House, from Upstream Supply to Downstream Distribution, to Ensure Stable Supply and Expand Cash Flows Competitors Our stre
Slide 13: Industrial Gas Business Strategy (2)
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Industrial Gas Business Strategy (2) Near term, capturing new domestic semiconductor demand; medium term, growing through phased area expansion in India and North America Growth image (1): Semic
Slide 14: Medical and Agriculture & Food Business Strategy
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management Medical and Agriculture & Food Business Strategy Focusing on our social mission and the areas where our strengths apply, supporting essential infrastructure Medical business Agriculture & Food b
Slide 15: For Sustainable Growth
Portfolio Introduction Management Reform Growth Direction Management Targets Business Strategy Management For Sustainable Growth Staying close to customers to identify issues and moving quickly to keep creating new value and businesses Customers Leveraging our extensive customer touchpoints to ident
Slide 16: Rebuilding Our Future
Rebuilding Our Future Transforming into the business we should be, and becoming a company chosen for its trustworthiness. OUR PROMISES 01 Do the Right Thing 02 Focus on Our Strengths 03 Create Sustainable Value © AIR WATER INC. All Rights Reserved. 16
Slide 17: Appendix
Appendix © AIR WATER INC. All Rights Reserved. 17
Slide 18: Growth Strategy for Industrial Gases (Semiconductor Applications)
Growth Strategy for Industrial Gases (Semiconductor Applications) Integrated gas, equipment, piping and maintenance supply for stable operations Solid base: share, track record and network Capturing semiconductor market growth Optimal cost, Evolving Proactive Strategic High share, stable Close conta
Slide 19: Growth Strategy for Overseas Industrial Gases
Growth Strategy for Overseas Industrial Gases Capturing macro growth in India and building high margins in North America Market growth and demand Our position and growth strategy Industrial Gas market size Supply expansion capturing macro growth Approximately Industrial gas demand From steel in the
Slide 20: Strengths and Future Direction of the Medical Business
Strengths and Future Direction of the Medical Business Higher value-added products built on our medical infrastructure strengths Current business model Future direction "Earning the trust of medical institutions Further leveraging and strengthening our strengths through a stable supply based on Valu
Slide 21: Strengths and Future Direction of the Agriculture and Food Business
Strengths and Future Direction of the Agriculture and Food Business Lifting added value in agriculture and food through flexible supply control and stronger processing Current business model Future direction Adding value to agricultural products through Further leveraging and strengthening our stren
Slide 22: Strengthening the Management Foundation
Strengthening the Management Foundation Strengthening governance, investment discipline and capability 01｜Governance 02｜Investment 03｜Capability Governance redesign, Rigor on strategy and returns, Higher productivity, authority and controls pursuit of differentiation investment in talent ◼ Shift to
Slide 23: Notes
Notes • This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. • The numerical targets and forecasts presented in this document reflect the judgm