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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 2021 JPYUSD
Revenue88,325M832.80M
Gross Profit----
Operating income22,766M214.65M
Income before tax22,772M214.71M
Net income21,433M202.08M
EBITDA----
Diluted EPS92.520.87
Dividends Per Share50.04
Total Assets3,550.41B32,130.45M
Total liabilities3,264.64B29,544.25M
Total equity285,666M2,585.21M
Operating cash flow3,598M33.92M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 142,202M 149,058M 132,980M 110,568M 88,325M
Gross Profit -- -- -- -- --
Operating income 61,165M 10,855M -74,517M 41,915M 22,766M
Income before tax 60,057M 10,105M -75,059M 31,858M 22,772M
Net income 42,628M 6,989M -97,146M 25,325M 21,433M
EBITDA -- -- -- -- --
Diluted EPS 184.02 30.16 -419.36 109.32 92.52
Dividends Per Share 22 21 0 5 5
Total Assets 4,471.72B 4,461.57B 3,428.32B 3,481.57B 3,550.41B
Total liabilities 4,131.34B 4,116.81B 3,186.01B 3,224.68B 3,264.64B
Total equity 338,054M 342,685M 241,028M 256,781M 285,666M
Operating cash flow 26,410M 44,099M 29,603M 14,020M 3,598M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,313.18M 1,344.89M 1,199.15M 1,016.94M 832.80M
Gross Profit -- -- -- -- --
Operating income 564.83M 97.94M -671.96M 385.51M 214.65M
Income before tax 554.60M 91.17M -676.84M 293.01M 214.71M
Net income 393.65M 63.05M -876.02M 232.92M 202.08M
EBITDA -- -- -- -- --
Diluted EPS 1.69 0.27 -3.78 1.00 0.87
Dividends Per Share 0.20 0.18 0 0.04 0.04
Total Assets 40,130.35M 41,951.81M 30,973.72M 32,250.27M 32,130.45M
Total liabilities 37,075.70M 38,710.03M 28,784.51M 29,870.65M 29,544.25M
Total equity 3,033.77M 3,222.23M 2,177.60M 2,378.59M 2,585.21M
Operating cash flow 243.88M 397.88M 266.94M 128.94M 33.92M

Valuation Measures

Mar 2021
PER4.61
ROA0.60%
ROE7.90%
Operating margin25.77%
Profit margin24.26%

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

  • Nojima Corp. (18.4%)
  • Sompo Holdings, Inc. (3.2%)
  • Meiji Yasuda Life Insurance Co. (3.1%)
  • Nomura Asset Management Co., Ltd. (2.3%)
  • Suruga Scholarship Foundation (2.3%)
  • The Vanguard Group, Inc. (2.0%)
  • Jupiter Asset Management Ltd. (1.7%)
  • Portfolia, Inc. (1.3%)
  • Okasan Securities Group, Inc. (1.1%)
  • Daiwa Asset Management Co. Ltd. (1.0%)

Contact Details

Related Companies

  • API Co., Ltd. (Shizuoka)
  • DIRECTONE Co., Ltd
  • Suruga Bank (Europe) SA
  • Sakai Display Products Corp.
  • 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

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