Profit before tax
Main business activities
- Integrated Gas
- Renewables and Energy Solutions
- Other support activities
Shell has been an active player in Japan’s energy industry for 120 years. We have been working with a range of Japanese partners and customers around the globe across our Upstream, Integrated Gas and Renewables Energy Solutions and Downstream businesses. Shell Japan started a power trading business in Japan in 2019. At the end of 2020, Shell acquired 100% of Shell Lubricants Japan (SLJ), including SLJ’s activities at lubricants blending plants in Yokohama and Kobe, and research and development facilities in Atsugi.
Country financial analysis
The statutory corporate income tax rate in Japan is 30.62%. The increase in revenues and profit in 2021 was mainly driven by the power trading business.