Air Water names outside chair while Air Water stock trades 10.85 percent below its high
Published on 10/06/2026 at 07:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Air Water appointed independent outside director Mikihiko Kato as board chair on September 22, 2026, while Air Water stock stood 10.85 percent below its 52-week high. Japan IR reports that the company moved to a Company with an Audit and Supervisory Committee and placed an independent outside director at the head of the board.
Governance changes carry specific numbers
The new board structure includes five outside directors among nine directors excluding audit and supervisory committee members. Four of the six audit and supervisory committee directors are also outside directors, giving the reform a measurable oversight component.
The change follows Air Water's management reform plan dated September 17, 2026. Air Water describes the program as a shift from quantity to quality, with portfolio reform planned for fiscal 2026 through fiscal 2028 and faster growth in core businesses targeted for fiscal 2028 through fiscal 2030.
Revenue grew as profit moved sharply lower
Fiscal 2026 revenue reached JPY 1.07 trillion, compared with JPY 1.01 trillion in fiscal 2025, a 5.30 percent increase. Reuters reports the figures in its fiscal table for the year ended March 2026.
The earnings picture was weaker: fiscal 2026 net income attributable to common shareholders was a JPY 63.95 billion loss, versus a JPY 39.93 billion profit in fiscal 2025. The contrast puts governance execution and earnings recovery on the same investor checklist.
Market value and yearly range
On October 6, 2026 at 1:54 p.m. JST, the Tokyo Stock Exchange quote was JPY 2,866.00, down JPY 35.00 from JPY 2,901.00. The 52-week range was JPY 1,718.50 to JPY 3,215.00, and the market capitalization was JPY 657.0 billion on the same date.
Air Water stock facts
- Company: Air Water Inc.
- Ticker: 4088
- Primary exchange: Tokyo Stock Exchange
- Primary exchange quote: JPY 2,866.00 on October 6, 2026 at 1:54 p.m. JST
- Market capitalization: JPY 657.0 billion as of October 6, 2026
- 52-week range: JPY 1,718.50-JPY 3,215.00 as of October 6, 2026
- Sector / Industry: Basic Materials / Specialty Chemicals
