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Finance

Suruga Bank Ltd.

Business Summary

Suruga Bank Ltd. engages in banking business and provides financial services. It operates through the following segments: Banking, Guarantee, and Others. The Banking segment provides deposits, loans, domestic and foreign exchange transactions, securities and investment trust, and credit card services. The Guarantee segment handles the guarantee business. The Others segment offers loan, leasing, bank agency operations, credit card, and insurance services through its subsidiaries. The company was founded by Kitaro Okano on January 4, 1887 and is headquartered in Numazu, Japan.

Financial Highlights

Mar 2022 JPYUSD
Revenue82,721M736.13M
Gross Profit----
Operating income11,224M99.88M
Income before tax9,061M80.63M
Net income7,959M70.82M
EBITDA----
Diluted EPS34.720.30
Dividends Per Share60.05
Total Assets3,589.98B29,577.60M
Total liabilities3,325.65B27,399.82M
Total equity264,229M2,176.96M
Operating cash flow-3,062M-27.24M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 149,058M 132,980M 110,568M 88,325M 82,721M
Gross Profit -- -- -- -- --
Operating income 10,855M -74,517M 41,915M 22,766M 11,224M
Income before tax 10,105M -75,059M 31,858M 22,772M 9,061M
Net income 6,989M -97,146M 25,325M 21,433M 7,959M
EBITDA -- -- -- -- --
Diluted EPS 30.16 -419.36 109.32 92.52 34.72
Dividends Per Share 21 0 5 5 6
Total Assets 4,461.57B 3,428.32B 3,481.57B 3,550.41B 3,589.98B
Total liabilities 4,116.81B 3,186.01B 3,224.68B 3,264.64B 3,325.65B
Total equity 342,685M 241,028M 256,781M 285,666M 264,229M
Operating cash flow 44,099M 29,603M 14,020M 3,598M -3,062M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,344.89M 1,199.15M 1,016.94M 832.80M 736.13M
Gross Profit -- -- -- -- --
Operating income 97.94M -671.96M 385.51M 214.65M 99.88M
Income before tax 91.17M -676.84M 293.01M 214.71M 80.63M
Net income 63.05M -876.02M 232.92M 202.08M 70.82M
EBITDA -- -- -- -- --
Diluted EPS 0.27 -3.78 1.00 0.87 0.30
Dividends Per Share 0.18 0 0.04 0.04 0.05
Total Assets 41,951.81M 30,973.72M 32,250.27M 32,130.45M 29,577.60M
Total liabilities 38,710.03M 28,784.51M 29,870.65M 29,544.25M 27,399.82M
Total equity 3,222.23M 2,177.60M 2,378.59M 2,585.21M 2,176.96M
Operating cash flow 397.88M 266.94M 128.94M 33.92M -27.24M

Valuation Measures

Mar 2022
PER11.77
ROA0.22%
ROE2.89%
Operating margin13.56%
Profit margin9.62%

Key executives

  • President & Representative Director: Kosuke Saga
  • Manager-Finance: Hidehiko Serizawa
  • Executive Officer & Senior Manager-Compliance: Fujio Sato
  • Representative Director & Vice President: Kosuke Kato
  • Executive Officer & GM-Loan Management: Shigeki Koshio

Shareholders

  • Suruga Bank Ltd. (18.8%)
  • Sompo Holdings, Inc. (3.2%)
  • Meiji Yasuda Life Insurance Co. (3.1%)
  • Nomura Asset Management Co., Ltd. (2.6%)
  • Suruga Scholarship Foundation (2.3%)
  • Dimensional Fund Advisors LP (2.2%)
  • The Vanguard Group, Inc. (2.0%)
  • Portfolia, Inc. (1.3%)
  • Daiwa Asset Management Co. Ltd. (1.1%)
  • Nikko Asset Management Co., Ltd. (1.1%)

Contact Details

Related Companies

  • API Co., Ltd. (Shizuoka)
  • DIRECTONE Co., Ltd
  • Suruga Bank (Europe) SA
  • Suruga-Card Co., Ltd
  • Suruga Bank Trust
  • Suruga Staff Service Co., Ltd.
  • Suruga Computer Service Ltd.
  • Suruga Capital Co., Ltd.
  • Suruga Bank Pension Fund
  • Suruga Scholarship Foundation

Competitors

    Last Updated on 9 Aug, 2022

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