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On April 1, Air Water obtained 90% of the stock of Abe Denzai, which handles electrical and electronics materials such as glue and insulation materials, transforming it into a subsidiary. Abe Denzai was established in 1947 capitalized at 48 million yen as a trading company specializing in electrical materials. It is a specialized trading company with a manufacturing capacity. In accordance with the requirements of its customers it engages in finishing work on such electronic and electrical items as resin products and adhesive tape and offers them to its customers. About 95% of the products it handles are those with some kind of finishing done to them.

The reason that the current business tie up with Air Water was accepted was that President Abe had become anxious about the limitations of managing the firm as the owner, and toward future business expansion. He sympathized with the business model based on the wide variety of business group management Air Water was engaged in. Because of this, by entering the group he would take advantage of the synergies arising from this and strive to implement a new growth model. Even after the transfer of the stock, Abe, the owner, still held 10%, and continues managing the firm as its president.

Air Water has the electronics materials trading company Inoueki under its auspices. By adding in Abe Denzai it will expand its sales network in both Eastern and Western Japan. In addition, Air Water would also like to expand the Abe Denzai business model with its a manufacturing capability into Inoueki. It would especially like to use these to expand its sales in the Asian Region which is the main market for the products it handles.”