Air Water (4088 JP)
Japan’s second-largest industrial gas business in full-on restructuring mode
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While the world is obsessing about AI, there's been a quiet bull market in the world's industrial gas companies. Stocks like Linde (LNA US – US$245 billion) and Nippon Sanso (4091 JP – US$16 billion) have both been ten-baggers since the early 2000s:
