AIRMAN

Basic Information

Stock Code
6364
Industry
Machinery
Category Detail
Industrial Equipment & Heavy Electrical Apparatus
Prefecture
Niigata Prefecture
Establishment Year
May 1938
Listing Year
March 2000
Official Website
https://www.airman.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Systems D, Kitakoshi Metal, Denyo

Overview

AIRMAN is a machinery manufacturer founded in 1938, holding the top domestic market share in construction and industrial machinery fields such as engine compressors, and is a leading industry player expanding widely both domestically and internationally.

Current Situation

AIRMAN maintains solid performance in the fiscal year ending March 2025, with consolidated sales of approximately 54.8 billion yen and operating profit of approximately 6.9 billion yen. It holds about 87% domestic market share in engine compressors and over 60% in aerial work platforms, establishing a strong market position. The company operates multiple subsidiaries domestically and internationally, with local entities in Malaysia, Europe, and the United States, making it a global enterprise. In recent years, it has reviewed production plans in the U.S. and advanced technology development, focusing on sustainability and energy-saving technologies. Moving forward, it aims to develop high-efficiency products through technological innovation and expand overseas markets. It is strengthening its brand through a name change and establishing a foundation for stable growth.

Trivia

Interesting Facts

  • Domestic market share in engine compressors is approx. 87%, at industry top level.
  • Company name changed to AIRMAN in April 2025 to match brand name.
  • Has established a solid position in Japan's machinery industry for over 70 years.
  • Over 60% share in domestic market for vertical lift aerial work platforms.
  • Production bases in Malaysia, Europe, U.S., and also China.
  • Strength in quality and environmental management through ISO 9001 and ISO 14001 certifications.
  • Numerous awards including Minister of Health, Labour and Welfare Award and Machinery Promotion Association Award.
  • Also operates repair and parts business in collaboration with group subsidiaries.
  • Many products excel in durability and energy-saving performance.
  • Regional yet global company headquartered in Tsubame City, Niigata Prefecture.
  • Known as a pioneer in compressor manufacturing since founding.
  • Actively deploys battery-powered models for aerial work platforms.
  • In the U.S., building sales and service foundation through local subsidiary.
  • Acquired naming rights for a skate park named after its own brand.
  • Continued growth after listing on Tokyo Stock Exchange following closure of Niigata Stock Exchange.

Hidden Connections

  • Deep ties with major domestic player in aerial work platforms in Japan's construction machinery industry.
  • Contributes to economic development through product supply to construction industry in ASEAN countries.
  • Local subsidiary in Georgia, U.S., serves as strategic base for overseas market acquisition.
  • Group's repair and parts companies support the product lifecycle.
  • High industry evaluation for ISO certifications and environmental awards.
  • Built long-term relationships with domestic construction companies and leasing firms.
  • New brand adoption and name change attracting attention in industry brand strategies.
  • Malaysian subsidiary functions as center for Southeast Asia market strategy.

Future Outlook

Growth Drivers

  • Recovery and increase in domestic construction demand and maintenance work needs
  • Expansion of product exports to overseas emerging markets
  • Spread of energy-saving and low-noise technologies to meet stricter environmental regulations
  • Increasing demand for safety equipment such as aerial work platforms
  • Expansion of product lifecycle service business
  • Advancement and popularization of digital control systems
  • Building sustainable production systems
  • Enhanced collaboration with local governments to improve regional brand value
  • Increased demand from growth in leasing and rental markets
  • Improved customer satisfaction through enhanced after-sales service
  • Differentiation through introduction of new materials and technologies in products
  • Strengthening sales network of overseas subsidiaries

Strategic Goals

  • Maximize brand value and expand global market share
  • Maintain and further top domestic market share
  • Enrich lineup of energy-saving and environmentally considerate products
  • Expand revenue from overseas subsidiaries and increase local production ratio
  • Sustained expansion of R&D investment
  • Promote product digitalization and smart mechanization
  • Thorough sustainability management and strengthened social contributions
  • Job creation and technical education support through regional collaboration
  • Expansion of OEM business and diversification strategy
  • Manufacturing process reform aiming for carbon neutrality

Business Segments

Product Sales to Construction Industry

Overview
Provides various construction machinery used at construction sites to support work efficiency.
Competitiveness
High competitiveness from flagship products with large domestic market share
Customers
  • Construction companies
  • Civil engineering contractors
  • Equipment contractors
  • Leasing companies
  • Construction contractors
Products
  • Engine compressors
  • Aerial work platforms
  • Mini backhoes
  • Diesel generators
  • Engine welders

Product Sales to Industrial Machinery

Overview
Supplies high-performance machinery to industrial sites such as factories to support industrial efficiency.
Competitiveness
High customer evaluation for energy-saving and highly reliable products
Customers
  • Factories and manufacturers
  • Equipment maintenance companies
  • Industrial machinery dealers
  • Energy-related companies
Products
  • Motor compressors
  • Hydraulic and pneumatic equipment
  • Generators
  • Industrial control systems

Parts Manufacturing and Repair Services

Overview
Extends product lifespan through high-quality parts manufacturing and prompt repair services.
Competitiveness
Integrated system in collaboration with group subsidiaries
Customers
  • AIRMAN product users
  • Repair shops
  • Sales agents
Products
  • Parts manufacturing
  • Repair and maintenance services

Overseas Market Business

Overview
Expands product supply through local subsidiaries mainly in Europe, the U.S., and Asia.
Competitiveness
Well-established sales and service network of local subsidiaries
Customers
  • Overseas construction companies
  • Exporters
  • Overseas sales agents
Products
  • Engine compressors
  • Aerial work platforms
  • Generators

Environment and Energy-Saving Equipment Development

Overview
Focuses on technology development to reduce environmental impact and provides energy-saving products.
Competitiveness
Advanced energy-saving technologies
Customers
  • Environmental companies
  • Public entities
  • Private companies' environmental departments
Products
  • Low-noise compressors
  • Energy-saving generators
  • Environmentally friendly control systems

Competitive Advantage

Strengths

  • Top domestic market share in engine compressors
  • High market share in aerial work platforms
  • Diverse product lineup
  • Extensive domestic and international sales and service network
  • Long-accumulated technology and reliability
  • Collaborative system with group subsidiaries
  • Quality assurance through ISO certification
  • Development capabilities for environmentally friendly products
  • Strong brand 'AIRMAN'
  • Foundation for overseas market expansion
  • Numerous awards recognizing technological excellence
  • Comprehensive after-sales service

Competitive Advantages

  • Overwhelming approx. 87% domestic share in engine compressors
  • Over 60% domestic share in vertical lift aerial work platforms
  • Broad response to customer needs with diverse product range
  • Global sales expansion through overseas subsidiaries
  • Prompt introduction of latest technologies emphasizing environmental performance
  • Strong long-term relationships with the construction industry
  • Differentiation through proprietary control systems
  • Established prompt repair and maintenance system
  • High brand recognition and reliability
  • Active investment in ongoing technological innovation
  • Expansion of energy-saving and eco-friendly product lineup
  • Objective technological evaluation through awards

Threats

  • Market penetration of low-priced overseas equipment
  • Impact from fluctuations in construction industry demand
  • Risks from raw material price fluctuations
  • Export revenue instability due to exchange rate fluctuations
  • Increased costs to comply with stricter environmental regulations
  • Decline in competitiveness from delayed technological innovation
  • Productivity issues due to labor shortages
  • Technological innovations by new entrants
  • Infectious disease risks such as COVID-19
  • Uncertainty in global economy
  • Reduced orders due to weakened customer purchasing power
  • Need to adapt to structural market changes

Innovations

2025: Company Name Change to AIRMAN Brand

Overview
Aims to improve market recognition by unifying corporate brand.
Impact
Enhanced brand value and customer trust

2024: Review of U.S. Production Plans

Overview
Optimizes local production system to improve business efficiency.
Impact
Cost reduction and improved business profitability

2023: Development of Low-Noise, Energy-Saving Engine Compressors

Overview
Introduces new products focusing on noise reduction and fuel efficiency improvement.
Impact
Enhanced environmental performance of industrial machinery

2023: Update of Control Systems for Aerial Work Platforms

Overview
Introduces new technology significantly improving safety and operability.
Impact
Maintaining domestic share and improving customer satisfaction

2022: Strengthening Product Lines at Overseas Subsidiaries

Overview
Enhances response to local needs in Europe and Asia markets.
Impact
Overseas sales expansion and improved local competitiveness

2022: ISO 14001 Renewal and Strengthened Environmental Activities

Overview
Updates environmental management system and promotes energy saving.
Impact
Compliance with environmental regulations and gaining social credibility

Sustainability

  • Promotion of environmental management through ISO 14001 certification
  • Ongoing development of low-noise and energy-saving products
  • Introduction of energy-saving equipment at factories and waste reduction
  • Regional greening activities and awards for excellent greening factories
  • Promotion of recycling activities within the group
  • Advancement of sustainable material procurement
  • Enhancement of work environment safety and labor environment improvement
  • Regular environmental education for employees