Mitsubishi Chemical Group (TSE:4188) Tax Rate % : 29.94% (As of Mar. 2024)

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What is Mitsubishi Chemical Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mitsubishi Chemical Group's Tax Expense for the three months ended in Mar. 2024 was 円14,598 Mil. Mitsubishi Chemical Group's Pre-Tax Income for the three months ended in Mar. 2024 was 円48,763 Mil. Therefore, Mitsubishi Chemical Group's Tax Rate % for the quarter that ended in Mar. 2024 was 29.94%.

Mitsubishi Chemical Group Tax Rate % Historical Data

The historical data trend for Mitsubishi Chemical Group's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mitsubishi Chemical Group Tax Rate % Chart

Mitsubishi Chemical Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Tax Rate %

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42.90

30.95

27.88

19.54

25.82

Mitsubishi Chemical Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															29.83	18.87	37.53	18.66	29.94

Mitsubishi Chemical Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Mitsubishi Chemical Group's Tax Rate % for the fiscal year that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2024 )	/	Pre-Tax Income (A: Mar. 2024 )
	=	62108	/	240547
	=	25.82 %

Mitsubishi Chemical Group's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	14598	/	48763
	=	29.94 %

Mitsubishi Chemical Group Tax Rate % Related Terms

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Mitsubishi Chemical Group (TSE:4188) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Chemical Group Corp (TSE:4188) » Definitions » Tax Rate %

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MTLHY:USA MTLHF:USA M3C:Germany

Address

1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8251

Website

https://www.mcgc.com

Mitsubishi Chemical Group Corp is a holdings company, which manufactures and sells chemicals, plastics, and pharmaceuticals. It organizes itself into three segments based on product. The Industrial Materials segment, which generates the majority of revenue, sells chemicals and polymers, including industrial gases, petrochemicals, thermoplastics, polyethylene, and polypropylene. The Performance Products segment sells electronics and designed materials, including LED lighting and equipment, specialty chemicals, polyester and industrial films, and fibers. The Health Care segment sells pharmaceuticals to treat autoimmune diseases, diabetes and kidney diseases, central nervous system treatments, and vaccines. The majority of revenue comes from Japan.

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