Profit before tax
Main Business Activities
- Integrated Gas
- New Energies [A]
- Other support activities
Shell has been active in Japan for more than 100 years. In 2020, Shell had three entities in Japan. Shell Japan Limited (SJL) has an LNG marketing and New Energies business, as well as new business development activities, and Projects & Technology. Sonnen Japan Kabushiki Kaisha is active in energy storage systems and related software solutions. Shell Lubricants Japan Kabushiki Kaisha, acquired in December 2020, is active in lubricants manufacturing, distribution, and marketing.
Country Financial Analysis
There are two corporate income tax rates in Japan. The 34.59% tax rate is applied to medium-sized entities and the 30.62% rate is applied to larger entities.
The increase in revenues and profit in 2020 arose mainly because the sales figures of Shell Lubricants Japan Kabushiki Kaisha, acquired in December 2020, were included.
[A] New Energies was rebranded to Renewables and Energy Solutions in 2021.