Sumitomo Mitsui Trust Holdings (TSE:8309) Tax Rate % : -41.55% (As of Dec. 2023)

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What is Sumitomo Mitsui Trust Holdings Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Sumitomo Mitsui Trust Holdings's Tax Expense for the three months ended in Dec. 2023 was 円-1,608 Mil. Sumitomo Mitsui Trust Holdings's Pre-Tax Income for the three months ended in Dec. 2023 was 円3,870 Mil. Therefore, Sumitomo Mitsui Trust Holdings's Tax Rate % for the quarter that ended in Dec. 2023 was -41.55%.

Sumitomo Mitsui Trust Holdings Tax Rate % Historical Data

The historical data trend for Sumitomo Mitsui Trust Holdings'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 Trust Holdings Tax Rate % Chart

Sumitomo Mitsui Trust Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Tax Rate %

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25.11

31.42

28.03

25.33

29.24

Sumitomo Mitsui Trust Holdings 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															27.15	34.34	21.89	-2.93	-41.55

Sumitomo Mitsui Trust Holdings Tax Rate % Calculation

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

Sumitomo Mitsui Trust Holdings'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 )
	=	79357	/	271387
	=	29.24 %

Sumitomo Mitsui Trust Holdings'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 )
	=	-1608	/	3870
	=	-41.55 %

Sumitomo Mitsui Trust Holdings Tax Rate % Related Terms

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Sumitomo Mitsui Trust Holdings (TSE:8309) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Trust Holdings Inc (TSE:8309) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

SUTNY:USA CMTDF:USA MIU:Germany

Address

1-4-1 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8233

Website

https://www.smth.jp

Sumitomo Mitsui Trust Holdings is the fifth-largest Japanese bank by assets and revenue, with a market share of domestic loans of 3.2% as of March 2023. It is the only remaining stand-alone trust bank after the late 1990s deregulation removed legal barriers between commercial banking and trust functions in Japan; its former rivals in trust banking merged and became units of Mitsubishi UFJ FG and Mizuho. It has no capital ties with Sumitomo Mitsui FG, despite the similar name and common ties to Sumitomo and Mitsui group companies. In fiduciary services, SMTH is the market leader in Japan in total assets under custody. It is the largest manager of corporate pension funds and trails only Nomura in investment trusts.

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