Finance

Suruga Bank Ltd.

In the news

In a race against time, Japan builds up its cyber forensics Jun 18, 2020
Suruga Bank founders sell stake to electronics chain Nojima Oct 26, 2019
Japan's flailing regional banks hinder quest for growth Sep 12, 2019
Japan to crack down on struggling regional banks Mar 15, 2019
Japan megabanks nix plan for peer-to-peer mobile remittance Jan 30, 2019

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	JPY	USD
Revenue	82,721M	736.13M
Gross Profit	--	--
Operating income	11,224M	99.88M
Income before tax	9,061M	80.63M
Net income	7,959M	70.82M
EBITDA	--	--
Diluted EPS	34.72	0.30
Dividends Per Share	6	0.05
Total Assets	3,589.98B	29,577.60M
Total liabilities	3,325.65B	27,399.82M
Total equity	264,229M	2,176.96M
Operating cash flow	-3,062M	-27.24M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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
PER	11.77
ROA	0.22%
ROE	2.89%
Operating margin	13.56%
Profit margin	9.62%

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%)
Dimensional Fund Advisors LP (2.4%)
Suruga Scholarship Foundation (2.3%)
The Vanguard Group, Inc. (2.0%)
Portfolia, Inc. (1.1%)
Okasan Securities Group, Inc. (1.1%)
Keikyu Pension Fund (1.0%)

Contact Details

Website:http://www.surugabank.co.jp
Phone: +81.55.962.0080

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 5 Dec, 2022