Air Water Inc.
Air Water Inc. (JPX: 4088) is trading at ¥2,920.00, about ₹1,782 at today's JPY/INR rate, as of 30 Sep 2026, 2:30 AM ET, up 3.40% today. Indian residents can buy Air Water from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
¥2,821.00
Today's high
¥2,925.00
52 week low
¥1,718.50
52 week high
¥3,215.00
4088 opened at ¥2,825.00, closed previously at ¥2,824.00, and has traded between ¥1,718.50 and ¥3,215.00 over the past 52 weeks.
About
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.
Key statistics
Avg. volume
1.27M
Market cap
¥669.34B
P/E Ratio
-11.19
Price-to-sales ratio
0.61
Enterprise value
¥915.40B
Free cash flow yield
7.04%
Debt-to-equity ratio
1.32
Return on equity
10.23%
ROIC
4.13%
Beta
0.28
Dividend yield
1.28%
Last dividend
¥75.00
Financial overview
Revenue
¥1.01T
Earnings per share
¥174.23
Free cash flow
¥34.30B
Net profit margin
-5.45%
Gross margin
22.29%
EBITDA
¥123.70B
Revenue growth
-5.84%
Similar securities
This is not an investment recommendation
How to buy Air Water from India
Indian residents can buy Air Water shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to JPY.
Search for Air Water and place an order
Find Air Water by name or by its ticker, 4088, and choose an order type. The Tokyo Stock Exchange typically trades in units of 100 shares. Air Water trades 5:30 am – 12:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Air Water position in JPY and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Air Water from India
Trading and taxes when buying Air Water from India
Trading and limits
- Trading hours
- 9:00 am – 3:30 pm JST
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Air Water’s current yield is 1.28%.Dividend tax explained
- Estate or inheritance tax
- May applyJapan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Air Water stock?
Yes. Air Water (4088) has been listed on the Tokyo Stock Exchange since 2001, in the Chemicals - Specialty industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to JPY. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Air Water share cost in rupees?
One Air Water share is ¥2,920.00 — about ₹1,782 at a JPY/INR rate of 0.6103 on 29 Sep 2026. Both the Air Water price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Air Water from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Air Water?
The Tokyo Stock Exchange typically trades in units of 100 shares.
How are gains on Air Water shares taxed in India?
Japan generally does not levy capital gains tax on non-resident individual investors, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the JPY/INR rate on the purchase and the sale date, so the rupee move counts alongside the Air Water price. Paasa issues a capital-gains statement for your return.
Does Air Water pay a dividend, and how is it taxed in India?
Yes. Air Water pays a dividend and the current yield is 1.28%; the last declared dividend was ¥75.00 per share, about ₹45.77. Dividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Air Water from India?
The Tokyo Stock Exchange trades 5:30 am – 12:00 pm IST in Indian time. It also halts for lunch, 8:00 am – 9:00 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on Air Water shares held from India?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. It applies to your overall holdings in that jurisdiction rather than to any one position.
Do I have to declare Air Water shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Air Water holding, its cost and its closing value.
How do I sell Air Water and bring the money back to India?
You sell during market hours (5:30 am – 12:00 pm IST) and the proceeds settle in JPY in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.