Morinaga (TSE:2201) Tax Rate %: 36.68% (As of Mar. 2026)

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TSE:2201 Morinaga & Co Ltd TSE:2201
85 GF Score
Price 円2,648.50
GF Value 円3,112.04
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Morinaga Tax Rate %?

Morinaga TSE:2201 +0.04% 85 Tax Rate % is 36.68% as of Mar. 2026. GuruFocus rates TSE:2201 with a GF Score™ of 85/100 and a GF Value™ of 円3,112.04 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Morinaga's Tax Expense for the three months ended in Mar. 2026 was 円1,317 Mil. Morinaga's Pre-Tax Income for the three months ended in Mar. 2026 was 円3,591 Mil. Therefore, Morinaga's Tax Rate % for the quarter that ended in Mar. 2026 was 36.68%.

Morinaga Tax Rate % Related Terms

Morinaga Tax Rate % Historical Data

* Premium members only.

The historical data trend for Morinaga'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.

Morinaga Tax Rate % Chart

Morinaga Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.71 25.88 25.28 26.51 29.19

Morinaga Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.82 29.10 26.21 28.90 36.68
TSE:2201
85GF Score
Morinaga & Co Ltd TSE:2201
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Morinaga Tax Rate % Calculation

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

Morinaga's Tax Rate % for the fiscal year that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (A: Mar. 2026 )/Pre-Tax Income (A: Mar. 2026 )
=7393/25327
=29.19 %

Morinaga's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=1317/3591
=36.68 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 36.68% mean?
Morinaga (TSE:2201) has a Tax Rate % of 36.68% as of Mar. 2026.
Is Morinaga's Tax Rate % too high?
Morinaga's current Tax Rate % is 36.68%. Overall, Morinaga has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Morinaga's Tax Rate % compare to MDLZ and HSY?
Morinaga's Tax Rate % of 36.68% can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Consumer Packaged Goods company?
A good Tax Rate % depends on the Consumer Packaged Goods industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Morinaga's current Tax Rate % is 36.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morinaga stock overvalued right now?
Based on GuruFocus' analysis, Morinaga (TSE:2201) is currently considered Modestly Undervalued. The stock's GF Value™ is 円3,112.04, compared to a current price of 円2,648.50 — trading 14.9% below its estimated fair value. The current Tax Rate % is 36.68%. Morinaga's overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Morinaga (TSE:2201), the current Tax Rate % is 36.68% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Morinaga (TSE:2201) Overvalued in 2026?

Based on GuruFocus' analysis, Morinaga stock appears to be undervalued. The current stock price of 円2,648.50 is trading 14.9% below its estimated GF Value™ of 円3,112.04. GuruFocus considers Morinaga to be Modestly Undervalued.

Key valuation signals for TSE:2201:

  • Tax Rate %: 36.68%
  • GF Value™: 円3,112.04 vs. price of 円2,648.50 (14.9% below fair value)
  • GF Score™: 85/100 with 4 warning signs

No single metric tells the full story. See the TSE:2201 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Morinaga Business Description

Address 5-33-1 Shiba, Minato-ku, Tokyo, JPN, 108-8403
Morinaga & Co Ltd is a Japan-based confectionery company. It has developed a diverse range of confectionery products, canned soft drinks and ice cream that are delicious, fun, and healthy. The company's products are divided into five main divisions, Confectioneries, Foods, Frozen Desserts, Weider, and Healthcare. Confectionaries include Morinaga Biscuits, Chocoball chocolate, Dars chocolate, Koeda chocolate, and HI-CHEW candy. Foods include Morinaga Cocoa; Frozen Desserts include Choco Monaka Jumbo; Weider products include Weider in Jelly; and Healthcare products include Seisho-sabo, Kenpo-shukan, and Collagen drink.
85GF Score

Get the complete analysis for TSE:2201

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円2,648.50
Price
円3,112.04
GF Value