PROFIT BEFORE TAX
Main Business Activities
- Upstream and Integrated Gas
- New Energies
- Other support activities
Shell has been active in Japan for more than 100 years. In 2019, there were two Shell entities in Japan. Shell Japan Ltd. (SJL) has an LNG marketing and New Energies business, as well as new business development activities, and projects and technology. Sonnen Japan Kabushiki Kaisha is active in energy storage systems and related software solutions.
Country Financial Analysis
The statutory corporate income tax rate in Japan is 34.59%.
The reduction of third-party revenues and tax paid in 2019 was due to the divestment of Shell Chemicals Japan Ltd. in 2018. Tax accrued was payable by the end of March 2020.