Investor’s GuideTorishima is a pump manufacturer established in 1919.
We will continue to evolve, aiming to be “a company that is indispensable to society”
while taking over passion and traditional skills since its foundation.
Philosophy

VisionNever lose the public trust,even if monetary loss proves unavoidable
Mission

Passion for our Products and Services.
Evolving to meet demands of an ever changing world.
PurposeDrawing on Torishima’s strengths and technology,
we will contribute to sustainable society
by connecting lifestyle, lives and the future.
2

Our Business3

Pumps are the beating heart of society.
They support our everyday lives from behind the scenes.
Buildings andCommecial Facilities

AgriculturalFacilities
WaterFacilities

Shipyard

Wastewater Facilities
Stormwater Drainage Facilities

General Industries

Power Plants
Chemical Plans
Incineration

SeawaterDesalination
Plants4Sector52.1 billion yen
Overseas

Business Domain
24.7 billion yen

24.4 billion yen

Public sector

Service Solutions

88.0 billion yen(FY2023 Orders
Received)

Publicsector

Privatesector

11.2 billion yen

25.1 billion yen

Private sector

Projects• EPC services for national and local governments in Japanfor water and wastewater facilities, drainage facilities,irrigation facilities, etc. (engineering, procurement,construction and testing)

88.0 billion yen(FY2023 OrdersReceived)

37.5 billion yen
High-tech Pumps

Overseas• Large high-pressure engineered pumps
High-tech Pumps• Supply pumps and services for power plants in Japan(thermal, biomass, geothermal)• Supply pumps and services for various factories ingeneral industries, building equipment, commercial
facilities, etc.

• Overseas seawater desalination plants, thermal power
plants, water and wastewater facilities, irrigation
facilities, etc.

Renewable Energy &Environment

JapanProjects

Overseas

1.0 billion yenfor power plants (thermal, biomass,geothermal)• Standard pumps (The Eco-pumps) for
various factories in general industries,
building equipment, commercial
facilities, etc.

• Large high-pressure engineered pumps for• EPC services for national and local
governments in Japan for water andwastewater facilities, drainage
facilities, irrigation facilities, etc.
(public sector)• Contracting business for plants related
to pumps, including machinery andelectrical engineering and construction(EPC business)

seawater desalination plants, water
facilities, power plants, and irrigation
facilities

Service Solutions• Pump overhaul, part replacement, spare equipment, energy-efficiency proposals, etc.

Renewable
Energy &Environment• Maintenance of wind power generationequipment—5Since its founding, the company has laid the foundation that has made Torishima known for its
technologies, and has grown to become one of three major pump companies in Japan.
From 1975
Increased pump orders for seawater desalination plants in theMiddle East and other overseas plants.

1919
Founded in Torishima-cho,Nishi-ku (currently Konohana-ku),
Osaka, Japan, by a group of pumpengineers including Shusuke Takeo.
1927
Set the foundation of Torishima
becoming known for its
technologies by being recognizedas No. 1 in Japan for agriculturaluse pumps. However, businessstagnated due to the turmoil
during and after the war.

(Millions of yen)

60,0001949
Former banker Ryuhei Harada
joined the company. He
restructured the Company’s
management with the firmly-heldbelief that “the pump business willgrow in the future.” He was theCompany’s patriarch who turned
Torishima into a 100-year-oldcompany.

1985 Opened its firstoverseas manufacturing plantin Indonesia

1958
Formed a technical alliancewith a world-class pump
manufacturer as part ofinternationalization

1981
Listed on the First
Section of the Tokyo
Stock Exchange.

Business expanded with the development of Japan

50,00040,00030,00020,00010,000Sales■ Japan1978 Established its firstoverseas office in Singapore.

■ Overseas
1952 Boiler feed pumps
upgraded to higher pressure inline with the shift to larger,
higher-pressure power plants.

1955 Received an order for ultra-large
pumps for a drainage pumping station,
the largest of its kind in the East, andreceived an award from the Ministry ofAgriculture, Forestry and Fisheries.

Recent Progress (next section)

06

Recent Progress over the Past 20 Years(Disruption Caused by the rapid growth and Strengthening of Corporate Structure)
Launchof TGT

Rapid Overseas
Expansion

Restructuring ofManufacturing Infrastructure

Operating income

Sales and operating income
both reached record highs forthe four consecutive year

Sales(Billions of yen)

90

JapanOveseas

2002 Launch of Torishima Global Team (TGT)

Production andDesign Disruption

Operating income(Billions of yen)

8780

670

560

450

340Since the beginning of the 2000s, public-sector projects have been scaled back due to financial restructuring inJapan. With the Japanese population approaching its peak, the Company therefore established the Torishima Global
Team (TGT). It began full-scale overseas expansion to grow further

Favorable conditions led to rapid growth in overseas sales
As the market for seawater desalination in Middle Eastern countries boomed, partly due to soaring oil prices,
Torishima rapidly expanded our business in the core areas we excel in by winning EPC orders for pumps forseawater desalination plants and other water supply plants. Although the overseas ratio was around 10% when
TGT was launched, it quickly rose to the 50% mark.

Disruption in design and production due to rapid growth, lowering profit margins
However, the organization could not cope with the rapid growth and design and production were disrupted. Unable
to respond quickly and flexibly to customer demands in various countries worldwide, mistakes were made, and costs
and expenses increased. This coincided with the appreciation of the yen to below 100 yen against the US dollar(from 2009 to 2013), so the Company was unable to remain profitable despite receiving orders, leading to avicious cycle of further disruption as more orders continued to flow in.

230

1200

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2006
2007

2005

(2)
2004

0
2003

(1)
2002

102012 Restructuring(Promoted fundamental reforms)of manufacturing infrastructure
To further grow as a truly global company, the Company
determined that it was necessary to rebuild the manufacturing base,even if it meant temporarily limiting the number of orders received.
The Company launched a strategy to strengthen its corporate
structure by introducing an integrated system and BOM,
standardizing products, improving efficiency in design andproduction, and thoroughly managing profitability from the time oforders are received.

Service businessexpansion
At the same time, the Company focused on
the service business, which has higher profit
margins than sales of new pumps. By
expanding its offices to Asia, the Middle East,
Europe, and the U.S., TGT has increased its
service ratio from 10% at launch to 30% now.

Efforts were successful and corporate
structure was strengthened

7

Strengths of Torishima8

1. Advanced technical capabilities cultivated over more than a century of history
Despite the number of pump manufacturers worldwide, only a few can manufacture these extraordinary pumps.
Torishima's strength is in large, high-pressure pumps used in water and wastewater facilities, power plants, and other facilities.
For example, our pumps that can transfer tremendous amounts of water are so powerful that they can empty a 25-meter pool in five seconds.
Our pumps with high pressure can pump water as high as 4,200 meters, and pumps that can operate in extremely harsh environments can operate atsupercritical pressures at 350 degrees Celsius or higher.
Torishima has delivered numerous pumps to more than 100 countries around the world.

Can operate under supercritical pressure

at temperatures of 350℃ and higher!
Can pump water

higher than Mt. Fuji!

4,200mMt. Fuji

Can empty a 25m pool in

5 seconds!

Highpressurepump

92. Pursuit of higher pump efficiency and reduced power consumption and CO2 emissions
The electricity consumed by pumps used in industrial plants can be very significant. While energy-efficient models are now preferred in both cars and home
appliances, the pump industry has seen vigorous pursuit of technological advancements to make pumps more energy efficient for many years.
Improving pump efficiency by even 0.1% can lead to running cost savings of millions or tens of millions of yen in electricity expenses.
Leveraging the latest in CFD (Computational Fluid Dynamics) analysis, Torishima sought to improve pump efficiency through design that allow water to flow
through pumps without energy loss. This can help reduce power consumption and CO2 emissions for entire plants.
Pumps are machines with high power consumption. In other words, there is significant room for energy savings.

Pumps are machines with high power consumption.
In other words, there is significant room for energy savings.

Optimizing water flow using state-of-the-art fluid analysis

Approx. 31% of power consumption is due to pumps Total power consumption in Japan Approx. 1 trillion kW
Approx. 100 million tons of emissions are due to pumps Total CO2 emissions in Japan Approx. 1.1 billion tons
Enerdata, Global Energy Statistics Yearbook 2018 The Energy Conservation Center, Japan, FY2014 Report on
the Infrastructure103. Pumps acting as climate change countermeasures also contribute to disasterprevention and mitigation
There is increasing demand to expand drainage capacity at drainage pumping stations to cope with the torrential rains that have been occurring more
frequently in recent years.
However, if the dimensions of existing water tanks remain the same, the flow velocity in the water tank will increase and lead to increased vortices thatadversely affects pump performance.
Traditionally, preventing vortices meant installing anti-vortex baffles, a type of civil engineering structure, but installing them is costly and time-consuming.
By suppressing vortices in the pump itself, Torishima eliminated the need for anti-vortex baffles, which lowers construction costs, ensures construction safety,and reduces construction time and pump downtime.
See Videos (in Japanese)114. Became a Global Niche Top (GNT) company with pumps for seawater desalination plants
While Japan is fortunate to be blessed with an abundant supply of fresh water, many countries suffer from severe water shortages. In those places, seawater
desalination plants, which convert ocean water to fresh water, are an important part of the infrastructure.
Since the 1970s, Torishima has supplied pumps to seawater desalination plants in countries in the Middle East and around the world.
The Company has a high global market share and has been recognized as a Global Niche Top (GNT) company by Ministry of Economy, Trade and Industry 2020.
Considering the reality that approximately two billion people still do not have access to safe and reliable drinking water, the demand for seawater desalination
plants is expected to increase.
Supplied pumps to nearly all of the world's top 20 largest seawater desalination plants
1Jubail 2 Replacement

Saudi Arabia✓2022

2Taweelah

UAE✓

2019

3

Shoaiba 3

Saudi Arabia

✓

2005

4Al Jubail

Saudi Arabia

✓

2007

5Ras Al-Khair

Saudi Arabia

✓

2010

6

Umm al Quwain

UAE✓

2019

7

Soreq 2Israel

8Jebel Ali M StationUAE✓

2007

9

Khobar 2 Replacement

Saudi Arabia

✓

2019

10SoreqIsrael

11

Shoaiba 3 IWPP Conversion

Saudi Arabia

✓

2022

12Rabigh 3

Saudi Arabia

✓

2019

13

Jubail 3a

Saudi Arabia

✓2020

14

Shoaiba 5

Saudi Arabia

15

Jubail 3b IWP

Saudi Arabia

✓202

16

Yanbu 3

Saudi Arabia

✓

2012

17

MagtaaAlgeria

✓

2009

18

Az-Zour NorthKuwait

✓

2014

19

Al Jubail Phase 2

Saudi Arabia

✓

1979

20

Shuweihat 2UAE✓

2009

出典:IDA DESALINATION & REUSE HANDBOOK 2022-2023

2020

2010

Asia
Africa・Ghana・Egypt・Tunisia
・Libya・Morocco・Algeria
・Senegal・India・Singapore
・China・Indonesia
・Thailand
Oceania

Latin America
・Mexico・Chile・Australia

2020

RO High pressure pump

125. Promoting smart maintenance service with unique rotating machinery monitoring system
In response to labor shortage and technology succession issues caused by the low birthrates and aging societies, the manufacturing industry is promoting onsite use of smart maintenance services that utilize IoT and AI.
Leveraging its technology and experience as a pump manufacturer, Torishima has developed its own unique Rotating Equipment Monitoring System, TR-COM.
Through the ability to capture high-frequency waves of up to 10,000 Hz, it can perform failure prediction, which was difficult in the past. This makes it possible tooffer solutions that only a pump professional can provide, such as analysis of failure causes, maintenance advice, and pump repair.
In 2022, it was also certified as a Smart Security Technology by the Ministry of Economy, Trade and Industry (METI)and in 2023.Additionally, the explosion-proof
model was launched in 2023 and received a special award from the Ministry of Agriculture, Forestry and Fisheries at the 7th Infrastructure Maintenance Awards.

Overview of TR-COM system

Torishima's TR-COM has been adopted as a next-generation facility
management model for the realization of Society 5.0, by Mitsubishi
Estate Co.

Website of Mitsubishi Estate13Torishima’s Materiality (Key Issues)
We will continue to contribute to solving social issues, aiming a company that is indispensable to society.
Global Social Issues

Key Issues for Creating Shared Value
1. Address energy issues whileworking toward carbon neutrality

Energy crisis
Abnormal weather, flooding

Aging infrastructure indeveloped countries

Population decline, difficultyin passing on technology
in developed countries(1) Boost energy-efficiency initiatives
with Super-Eco Pumps(2) Provide pumps for clean energy
market2. Provide safety and reliability(3) Provide pumps for water shortages andfood crises

3. Establish new manufacturing andservices with data and AI(4) Enhance technology for specially designed
pumps to mitigate heavy flooding(5) Promote smart maintenance services
based on data with TR-COM

Population growth, increasing
demand for infrastructure inemerging countries
Water shortages, food crises

Products and Services That
Contribute to Society

Key Issues for Building EssentialFoundations

4. Maximize employees’ energy
5. Improve corporate governance
6. Improve Torishima quality• Human resource development and DE&I
• Compliance management• Strengthen risk management• Promote environmental management

Our Aim

To be Indispensable to Society

Global warming due toincreased CO 2Torishima’s Materiality(Key Issues)

14

Global Network
31 locations in 22 countries; network of 35 nationalities working together.
Torishima Pumps (India) Pvt. Ltd.

Torishima Pump (Tianjin) Co., Ltd.

Torishima Pumps (India) Pvt. Ltd.
Service Division
Torishima Europe Ltd.
Torishima Service Solutions Europe Ltd.

Torishima Service Solutionsof Michigan LLC.

Cryo Pump Repairs Ltd.
Torishima Europe Ltd.
France OfficeTorishima ServiceSolutions Turkey
Torishima Europe Ltd. Madrid Office
Egypt Office
Torishima Service Solutions(Saudi Arabia) Ltd.

HeadOffice
Factory

Torishima (Hong Kong) Ltd.
Torishima Service Solutions Formosa Co., Ltd.
Torishima Service Solutions Asia Pte. Ltd. Vietnam Office

Saudi Arabia
Representative Office

Torishima Service Solutions Asia Pte. Ltd. Philippines Office

Qatar Project Office

Torishima Service Solutions (Thailand) Ltd.

Middle East Office

P.T. Torishima Guna Indonesia

Torishima Service Solutions FZCO

P.T. Torishima Guna Engineering

Torishima Europe Ltd.
Chile Office

P.T. Geteka Founindo
Torishima Australia Pty. Ltd.
Australian Fluid Handling Pty Ltd.

Green：Service baseOrange：manufacturing baseSingapore Office
Torishima Service Solutions Asia Pte. Ltd.

Torishima Europe Ltd.
Argentina Office

Torishima Service Solutions Malaysia Sdn. Bhd.

15

Pump Market in Japan
publicBillions of yen■public ■private ■agents ■overseas
100%

90%

1,600

160

1,400

140

80%
1,200
70%
1,00060%

privateoverseas

120
100
80

800

50%

60
40%

600

40
30%

400

20%

20

200
10%
00%
'03

'04

'05

'06

'07

'08

'09

'10

'11

'12

'13

14

'15

'16

'17

'18

'19

20

'21

`22

'03

'23

'04

'05

'06

'07

'08

'09

'10

'11

'12

'13

'14

'15

'16'17

'18

19

20

21

22

23

billions of yen

'03

'04

'05

'06

'07

'08

'09

'10

'11

'12

'13

'14

'15

'16

'17

'18

19

20

21

22

23

YOY

Public

135

107

107

70

93

79

71

61

72

92

88

86

103

96

103

104

118

128

131

124

142 114.4%

Private

73

68

78

69

84

65

62

65

72

81

82

87

96

97

100

98

78

65

75

84

81 96.5%

Overseas

57

59

93

82

144

99

76

84

87

86

89

92

91

81

87

94

88

74

118

149

124 83.3%

Agents

72

77

68

70

65

68

64

64

68

75

76

72

73

74

77

79

99

104

107

116

127 109.5%

Total

336

310

346

291

386

311

273

274

298333335

336

363

348

367

376

383

371

431

466

474 101.7%

Source: The Japan Society of Industrial Machinery Manufactures

16Contact Us
Toishima Pump Mfg. Co., Ltd.
Corporate Branding Officehttps://www.torishima.co.jp/en/ir

ir-torishima@torishima.co.jp

17