Business and Performance

Business Operations

We are engaged in three business areas: Industrial Gases, Electronics, and Thermos.

We are working towards enhancing our global competitiveness and concentrating our management resources on growing businesses.
(Our financial disclosure segments include "Gas business in Japan", "Gas business in the U.S.", "Gas business in Europe", "Gas business in Asia and Oceania", and "Thermos business".)

We are also engaged in the medical care business as a business segment of Industrial Gases.



Industrial Gases

We manufacture and supply industrial gases and support a wide range of industries in Japan, the U.S., Europe, Asia, and Oceania.

About Industrial Gases


Medical Care

We supply medical gases essential for hospitals and home-based care, cryopreservation containers utilizing liquid nitrogen cooling, and stable isotopes of oxygen used for positron emission tomography (PET) diagnosis.



We mainly supply semiconductor (memory/sensor/logic) and electronic material gases used in the liquid-crystal manufacturing processes, contributing to the development and dissemination of cutting-edge technology.



We provide a wide variety of products to create new lifestyles for a sustainable society.

Thermos corporate website

Technologies Underlying Our Businesses

 Three of the major technologies that underlie our industrial gas and electronics businesses are as follows.


Plants & Engineering Technology

We have total factory and engineering technologies for the design, manufacturing, installation, and maintenance of air separation units (ASU). We have a track record of installing a number of highly-efficient plants with superior argon yield (air-derived argon collecting performance) both in Japan and overseas.


Gas Handling Technology

With advanced expertise in the manufacture, mixing, and purification of various gases, we supply gases safely using the appropriate equipment and safety technology. We support the production activities of manufacturing businesses and provide various values to our customers and society.


Gas Application Technology

Taking advantage of the combination of our unrelenting research and development of gas application facilities and equipment, and our gas handling technology backed by over 100 years of experience, knowledge, and accomplishments in gas supply, we offer gas application technology that leads to solutions to our customers’ requests, focusing on air separation gases and electronic material gases.


From the fiscal year ending March 31, 2017 (from April 2016 to March 2017), we have voluntarily applied International Financial Reporting Standards (IFRS).

In the fiscal year ending March 31, 2017 and the previous fiscal year ending March 31, 2016, we complied with IFRS. We also adopted Japanese standards in fiscal 2015.

(Unit:millions of yen)
2020/03 2021/03 2022/03 2023/03 2024/03
850,239 818,238 957,169 1,186,683 1,255,081
Core operating profit
(Unit:millions of yen)
2020/03 2021/03 2022/03 2023/03 2024/03
93,921 88,846 101,183 119,524 172,041
Profit attributable to owners of parent
(Unit:millions of yen)
2020/03 2021/03 2022/03 2023/03 2024/03
53,340 55,214 64,103 73,080 105,901
Profit per share of common stock
2020/03 2021/03 2022/03 2023/03 2024/03
123.26 127.59 148.13 168.85 244.66
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