Nitto Denko (TSE:6988) Tax Rate % : 21.53% (As of Mar. 2024)

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What is Nitto Denko Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Nitto Denko's Tax Expense for the three months ended in Mar. 2024 was 円5,786 Mil. Nitto Denko's Pre-Tax Income for the three months ended in Mar. 2024 was 円26,876 Mil. Therefore, Nitto Denko's Tax Rate % for the quarter that ended in Mar. 2024 was 21.53%.

Nitto Denko Tax Rate % Historical Data

The historical data trend for Nitto Denko'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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Nitto Denko Tax Rate % Chart

Nitto Denko Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Tax Rate %

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31.57

24.66

26.55

25.59

26.02

Nitto Denko 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															-42.18	31.50	30.88	21.73	21.53

Nitto Denko Tax Rate % Calculation

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

Nitto Denko'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 )
	=	36146	/	138901
	=	26.02 %

Nitto Denko'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 )
	=	5786	/	26876
	=	21.53 %

Nitto Denko Tax Rate % Related Terms

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Nitto Denko (TSE:6988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nitto Denko Corp (TSE:6988) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

NDEKY:USA NDEKF:USA ND5:Germany

Address

4-20, Ofuka-Cho, 33rd Floor, Grand Front Osaka, Kita-Ku, Osaka, JPN, 530-0011

Website

http://www.nitto.com

Nitto Denko Corp manufactures and sells a variety of industrial and electronics products. The company sells tape products, which include masking tape for painting and printed-circuit boards, double sided tapes, electrical tape, and sealant materials used in the construction industry. Nitto Denko also sells film products, which include surface protective film, fluoroplastic films used to seal pipes and air filters, and porous film that allows air to pass through but seals water and other liquids. The firm also produces electronics, which include flexible printed circuit boards for smartphones and tablets, and medical products such as drug delivery patches and adhesive sheets.

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