Mitsubishi Estate Co (Mitsubishi Estate Co) Tax Rate % : 32.82% (As of Dec. 2023)

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What is Mitsubishi Estate Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Mitsubishi Estate Co's Tax Expense for the three months ended in Dec. 2023 was $130 Mil. Mitsubishi Estate Co's Pre-Tax Income for the three months ended in Dec. 2023 was $396 Mil. Therefore, Mitsubishi Estate Co's Tax Rate % for the quarter that ended in Dec. 2023 was 32.82%.

Mitsubishi Estate Co Tax Rate % Historical Data

The historical data trend for Mitsubishi Estate Co'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 Estate Co Tax Rate % Chart

Mitsubishi Estate Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Tax Rate %

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27.95

26.14

26.93

27.93

Mitsubishi Estate Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															30.79	29.81	49.53	35.88	32.82

Mitsubishi Estate Co Tax Rate % Calculation

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

Mitsubishi Estate Co's Tax Rate % for the fiscal year that ended in Mar. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Mar. 2023 )	/	Pre-Tax Income (A: Mar. 2023 )
	=	528.443	/	1892.068
	=	27.93 %

Mitsubishi Estate Co's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	129.947	/	395.947
	=	32.82 %

Mitsubishi Estate Co Tax Rate % Related Terms

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Mitsubishi Estate Co (Mitsubishi Estate Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mitsubishi Estate Co Ltd (OTCPK:MITEY) » Definitions » Tax Rate %

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Traded in Other Exchanges

MITEF:USA 8802:Japan

Address

Otemachi 1-chome, Otemachi Park Building, 1-1, Chiyoda-ku, Tokyo, JPN, 100-8133

Website

http://www.mec.co.jp

Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.

Mitsubishi Estate Co (Mitsubishi Estate Co) Headlines

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