Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Sumitomo Mitsui Financial Group's Tax Expense for the
three
months ended in Mar. 2022 was $-150 Mil. Sumitomo Mitsui Financial Group's Pre-Tax Income for the
three
months ended in Mar. 2022 was $569 Mil. Therefore, Sumitomo Mitsui Financial Group's Tax Rate % for the quarter that ended in Mar. 2022 was -26.42%.
Sumitomo Mitsui Financial Group Tax Rate % Historical Data
The historical data trend for Sumitomo Mitsui Financial 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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Sumitomo Mitsui Financial Group Annual Data
Trend
Mar13
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Tax Rate %
24.40
29.50
18.87
23.26
23.08
Sumitomo Mitsui Financial Group Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Tax Rate %
5.51
28.08
27.07
25.96
-26.42
Sumitomo Mitsui Financial Group Tax Rate % Calculation
Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.
Sumitomo Mitsui Financial Group's Tax Rate % for the fiscal year that ended in Mar. 2022 is calculated as
* 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.
Sumitomo Mitsui Financial Group Tax Rate % Related Terms
Thank you for viewing the detailed overview of Sumitomo Mitsui Financial Group's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sumitomo Mitsui Financial Group Business Description
Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second- largest bank after Mitsubishi UFJ Financial Group. As of March 2021, its market share of domestic loans was 7.0%, compared with 8.5% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third- largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management, areas that it is working on strengthening.
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