Air Water marked a record high revenue and profit in all of its business segments superseding the performance in 2019 before the Covid-19 crisis, with sales increased by 10.2%, the operating income up 27.2% and the profit for the term attributable to the parent company up 57.9%.

In the industrial gas-related segments, the sales revenue increased by 4.8% and with the operating profit up 3.3%. It owed to the positive factors that there were prosperous performances in the on-site gas supply to the electronics field and equipment/material business. In addition, the economic recovery in domestic manufacturers in general was coupled with the other good factors like the increased steel production in India and emergency responses to the tightness of medical oxygen supply.
In the chemical segment, the sales increased by 17.3% with the operating profit up 77.2%. It owed to the increased sales of electronics material and precision HD polishing pads for data centers.
In the medical-related field, the sales increased by 4.7% with the operating profit up 12.9% owing to the recovered condition in the delivery of medical gases and the construction of hospital facilities.
In the energy-related segment, the sales increased by 16.0% with the operating profit up 4.7%. It owed to the revised price along with the import price of LP gas.

In the Agriculture and Food Products segment, the sales increased by 5.2% with the operating profit up 41.9%. It owed to the thriving cooked processed food. As for the Logistics segment, the sales increased by 9.7% with the operating profit up 10.2%. In the Sea Water business, the sales increased by 12.7% with the operating profit up 24.2% owing to the contribution by the stable operation in the Ako Biomass Power Plant No. 2.
In the Other Businesses, the sales increased by 27.0% with the operating profit up 108.3%. It owed to the operation of Onahama Biomass Power Plant and the contribution by expanded sales of CO2 and hydrogen in North America.

Following the mid-term dividend, the year-end dividend also revived with an increase of 7 yen making 29 yen and 56 yen of full year.

The full-year sales in 2022 is expected to increase by 12.5% amounting to one trillion yen with the operating profit up 7.4% amounting to 70 billion yen including the profit for the year attributable to the parent company increased by 1.8% amounting to 44 billion yen.

It is the electronics field that the company has placed as a core pillar for the time being. In 2021 the business scale of the field grew to a sales amount of 36.4 billion yen with the operating income of 5 billion yen in the industrial gas segment only. Air Water says, “The semiconductor market is in a steady condition with the growing trend now, and this wave is anticipated to last for three to five years. We intend to make investments to meet users’ production system aiming to secure our revenue.”
With regard to the overseas business which Air Water accelerates after the beginning of this year as seen in the development in tie-up with Mitsui & Co., Air Water showed its policy saying, “We pay our keen attention to India and North America above all. Regarding India, we wish to expand to the northern and western areas on the basis of the southern and eastern areas which were succeeded from the global industrial gas major. In the North American area where we started with the transportation and CO2 gas related equipment, we are proceeding with the construction of ASUs. We also considering to group the gas distributors. Through such activities we intend to enhance a sense of presence of Air Water as a gas producer.”