Bank of Iwate (TSE:8345) Tax Rate % : 40.96% (As of Dec. 2023)

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What is Bank of Iwate Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Bank of Iwate's Tax Expense for the three months ended in Dec. 2023 was 円494 Mil. Bank of Iwate's Pre-Tax Income for the three months ended in Dec. 2023 was 円1,206 Mil. Therefore, Bank of Iwate's Tax Rate % for the quarter that ended in Dec. 2023 was 40.96%.

Bank of Iwate Tax Rate % Historical Data

The historical data trend for Bank of Iwate'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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Bank of Iwate Tax Rate % Chart

Bank of Iwate Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Tax Rate %

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33.03

27.63

47.70

41.15

18.16

Bank of Iwate 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															-7.87	29.07	33.33	30.88	40.96

Bank of Iwate Tax Rate % Calculation

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

Bank of Iwate'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 )
	=	1194	/	6576
	=	18.16 %

Bank of Iwate'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 )
	=	494	/	1206
	=	40.96 %

Bank of Iwate Tax Rate % Related Terms

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Bank of Iwate (TSE:8345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Iwate Ltd (TSE:8345) » Definitions » Tax Rate %

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Address

2-3, Chuodori 1-chome, Iwate, Morioka, JPN, 020-8688

Website

http://www.iwatebank.co.jp

The Bank of Iwate is headquartered in Japan and provides financial services both in Japan and internationally. The company derives the majority of revenue providing deposit and lending services to customers. Customers include individuals, companies and governments. In addition to deposit and lending services, the company invests and trades in securities. The Bank of Iwate focuses operations in Iwate, and the Iwate Prefecture of Japan is a shareholder. The company earns the majority of revenue domestically.

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