Asahi Kasei profit seen growing 20% on EV battery materials

Carbon-cutting trend boosts materials demand from pandemic slump

20220505N Electric car plug

Asahi Kasei is the world's No. 2 supplier of battery separators, used in electric cars among other applications. © Reuters

SHOYA OKINAGA, Nikkei staff writer

TOKYO -- Japanese chemical maker Asahi Kasei's group operating profit grew about 20% to roughly 200 billion yen ($1.5 billion) in fiscal 2021, Nikkei has learned, buoyed by a rebound in demand for auto parts and brisk sales of battery materials.

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