THE WALL STREET JOURNAL: Showa Shell’s Group Net Profit Soars Amid Rise in Oil Prices
By SHIGERU SATO OF DOW JONES NEWSWIRES
May 16, 2005
TOKYO — Showa Shell Sekiyu KK said its group net profit soared 90% in the first quarter amid strong domestic demand for kerosene, the main heating oil in Japan, and a rise in global crude-oil prices.
Group net profit rose to 10.93 billion yen ($101.8 million) from 5.77 billion yen a year earlier, the Japanese oil refiner and wholesaler said.
Group revenue rose 18% to 523.35 billion yen from 445.32 billion yen a year earlier as higher crude-oil import costs bolstered prices of the company’s wholesale refined products, such as kerosene and gasoline.
Showa Shell said the sales volume of its refined products rose 1.7% in the quarter to 8.48 million kiloliters on strong domestic demand for heating oil and gasoline.
According to the Ministry of Economy, Trade and Industry, Japan’s kerosene sales rose 11.2% in February from a year earlier to 4.4 million kiloliters, following a 0.7% rise in January, when a series of cold snaps bolstered demand for kerosene. In March, Japan’s kerosene sales rose 5.4% to 3.7 million kiloliters.
For this year, Shell is forecasting a group net profit of 35 billion yen, up from its February projection of 29 billion yen.
The company also raised its group-revenue projection to 2.19 trillion yen from 1.98 trillion yen.
For the previous year ended Dec. 31, 2004, the company reported an 89% year-to-year drop in its group net profit to 2.36 billion yen, as it booked 33.7 billion yen in special losses on its assets in accordance with new Japanese asset-impairment accounting rules.
Write to Shigeru Sato at [email protected]
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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