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Suruga Bank

MUN:URU
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
URU
MUN
¥121B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Suruga Bank Ltd. provides various banking and financial products and services to individuals and companies in Japan. The last earnings update was 6 days ago. More info.


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URU Share Price and Events
7 Day Returns
0%
MUN:URU
-1.5%
DE Banks
1%
DE Market
1 Year Returns
-74.3%
MUN:URU
-31.6%
DE Banks
-13.4%
DE Market
URU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Suruga Bank (URU) 0% 0% 0% -74.3% -75.4% -62.2%
DE Banks -1.5% -7.9% -7.6% -31.6% -52.2% -98.2%
DE Market 1% -1.4% -6.2% -13.4% 0.6% 12.2%
1 Year Return vs Industry and Market
  • URU underperformed the Banks industry which returned -31.6% over the past year.
  • URU underperformed the Market in Germany which returned -13.4% over the past year.
Price Volatility
URU
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Suruga Bank's competitors could be found in our database.

URU Value

 Is Suruga Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Suruga Bank. This is due to cash flow or dividend data being unavailable. The share price is €4.5.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Suruga Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Suruga Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MUN:URU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in JPY ¥-496.32
TSE:8358 Share Price ** TSE (2018-09-07) in JPY ¥522
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 13.92x
Germany Market PE Ratio Median Figure of 413 Publicly-Listed Companies 17.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Suruga Bank.

MUN:URU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8358 Share Price ÷ EPS (both in JPY)

= 522 ÷ -496.32

-1.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Suruga Bank is loss making, we can't compare its value to the DE Banks industry average.
  • Suruga Bank is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Suruga Bank's expected growth come at a high price?
Raw Data
MUN:URU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
86.3%per year
Europe Banks Industry PEG Ratio Median Figure of 107 Publicly-Listed Banks Companies 0.8x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Suruga Bank, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Suruga Bank's assets?
Raw Data
MUN:URU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in JPY ¥1,022.92
TSE:8358 Share Price * TSE (2018-09-07) in JPY ¥522
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.91x
Germany Market PB Ratio Median Figure of 556 Publicly-Listed Companies 1.86x
MUN:URU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8358 Share Price ÷ Book Value per Share (both in JPY)

= 522 ÷ 1,022.92

0.51x

* Primary Listing of Suruga Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Suruga Bank is good value based on assets compared to the DE Banks industry average.
X
Value checks
We assess Suruga Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Suruga Bank has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

URU Future Performance

 How is Suruga Bank expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
86.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Suruga Bank expected to grow at an attractive rate?
  • Suruga Bank's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Suruga Bank's earnings growth is expected to exceed the Germany market average.
  • Suruga Bank's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
MUN:URU Future Growth Rates Data Sources
Data Point Source Value (per year)
MUN:URU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 86.3%
MUN:URU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 24.9%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 11.3%
Germany Banks Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
MUN:URU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MUN:URU Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 103,866 22,382 4
2020-03-31 105,751 23,593 4
2019-03-31 116,760 -98,488 2
MUN:URU Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-09-30 -32,946 305,659 -114,965
2018-06-30 74,261 -583
2018-03-31 85,578 48,261 6,988
2017-12-31 138,690 45,620
2017-09-30 135,199 -81,946 44,576
2017-06-30 133,945 44,457
2017-03-31 130,833 -89,557 42,627
2016-12-31 131,784 40,252
2016-09-30 128,126 -71,434 36,947
2016-06-30 127,730 35,897
2016-03-31 128,460 37,593 36,717
2015-12-31 128,256 37,056

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Suruga Bank's earnings are expected to grow significantly at over 20% yearly.
  • Suruga Bank's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
MUN:URU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Suruga Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:URU Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 101.45 133.30 74.18 6.00
2020-03-31 105.01 126.71 77.57 7.00
2019-03-31 -425.20 -402.36 -455.52 4.00
MUN:URU Past Financials Data
Date (Data in JPY Millions) EPS *
2018-09-30 -496.32
2018-06-30 -2.52
2018-03-31 30.17
2017-12-31 196.97
2017-09-30 192.48
2017-06-30 191.98
2017-03-31 184.10
2016-12-31 173.86
2016-09-30 159.10
2016-06-30 153.62
2016-03-31 156.15
2015-12-31 156.65

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Suruga Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Suruga Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Suruga Bank has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

URU Past Performance

  How has Suruga Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Suruga Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Suruga Bank does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Suruga Bank's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Suruga Bank's 1-year growth to the DE Banks industry average as it is not currently profitable.
Earnings and Revenue History
Suruga Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Suruga Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:URU Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -32,946.00 -114,965.00 51,251.00
2018-06-30 74,261.00 -583.00 51,763.00
2018-03-31 85,578.00 6,988.00 51,945.00
2017-12-31 138,690.00 45,620.00 51,794.00
2017-09-30 135,199.00 44,576.00 51,856.00
2017-06-30 133,945.00 44,457.00 51,530.00
2017-03-31 130,833.00 42,627.00 51,500.00
2016-12-31 131,784.00 40,252.00 51,329.00
2016-09-30 128,126.00 36,947.00 50,590.00
2016-06-30 127,730.00 35,897.00 49,923.00
2016-03-31 128,460.00 36,717.00 48,940.00
2015-12-31 128,256.00 37,056.00 48,220.00
2015-09-30 127,380.00 36,510.00 48,262.00
2015-06-30 125,817.00 35,676.00 48,290.00
2015-03-31 121,460.00 32,891.00 48,372.00
2014-12-31 119,492.00 30,770.00 49,254.00
2014-09-30 116,941.00 29,131.00 48,798.00
2014-06-30 114,610.00 28,395.00 47,443.00
2014-03-31 113,007.00 27,607.00 46,638.00
2013-12-31 110,373.00 26,668.00 44,933.00
2013-09-30 108,339.00 24,863.00 44,556.00
2013-06-30 105,303.00 23,159.00 44,675.00
2013-03-31 102,604.00 21,241.00 44,723.00
2012-12-31 98,926.00 19,625.00 44,458.00
2012-09-30 97,286.00 17,882.00 43,981.00
2012-06-30 96,054.00 16,138.00 43,630.00
2012-03-31 94,306.00 15,560.00 42,897.00
2011-12-31 62,515.00 3,566.00 42,816.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Suruga Bank has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Suruga Bank has efficiently used its assets last year compared to the DE Banks industry average (Return on Assets) as it is loss-making.
  • Unable to establish if Suruga Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Suruga Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Suruga Bank has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

URU Health

 How is Suruga Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Suruga Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Suruga Bank Company Filings, last reported 2 months ago.

MUN:URU Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 238,986.00 69,305.00 531,904.00
2018-06-30 347,178.00 1,545.00 831,431.00
2018-03-31 344,762.00 1,085.00 973,483.00
2017-12-31 374,009.00 1,240.00 907,961.00
2017-09-30 362,588.00 1,345.00 901,875.00
2017-06-30 350,605.00 1,435.00 917,253.00
2017-03-31 340,378.00 1,540.00 927,591.00
2016-12-31 330,158.00 1,725.00 978,762.00
2016-09-30 315,498.00 1,295.00 902,925.00
2016-06-30 304,170.00 1,915.00 928,458.00
2016-03-31 302,236.00 2,085.00 897,124.00
2015-12-31 301,372.00 2,290.00 913,360.00
2015-09-30 304,807.00 2,195.00 990,832.00
2015-06-30 299,516.00 2,565.00 877,835.00
2015-03-31 292,126.00 2,535.00 794,701.00
2014-12-31 275,990.00 2,390.00 747,284.00
2014-09-30 265,591.00 2,495.00 675,093.00
2014-06-30 256,076.00 2,600.00 746,393.00
2014-03-31 251,814.00 2,805.00 700,582.00
2013-12-31 245,569.00 2,595.00 375,767.00
2013-09-30 238,181.00 2,735.00 182,023.00
2013-06-30 228,105.00 3,175.00 206,684.00
2013-03-31 222,449.00 3,265.00 110,004.00
2012-12-31 210,812.00 3,140.00 44,904.00
2012-09-30 204,329.00 3,115.00 45,679.00
2012-06-30 198,186.00 3,190.00 44,650.00
2012-03-31 197,269.00 3,157.00 47,982.00
2011-12-31 190,746.00 2,745.00 50,197.00
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Suruga Bank has an acceptable proportion of non-loan assets held.
  • Suruga Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Suruga Bank are broadly funded by customer deposits.
  • Suruga Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Suruga Bank has a low allowance for bad loans.
  • Suruga Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Suruga Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Suruga Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

URU Dividends

 What is Suruga Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Suruga Bank dividends. Estimated to be 2.68% next year.
If you bought €2,000 of Suruga Bank shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Suruga Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Suruga Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
MUN:URU Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

MUN:URU Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31 17.57 7.00
2020-03-31 18.43 7.00
2019-03-31 0.00 4.00
MUN:URU Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-11-14 0.000 0.000
2018-06-29 21.000 3.192
2018-05-15 21.000 1.842
2017-11-09 21.000 1.110
2017-06-21 21.000 0.836
2017-05-11 21.000 0.828
2016-06-23 20.000 0.815
2016-05-12 20.000 0.875
2015-06-25 19.000 0.849
2015-05-12 19.000 0.711
2014-06-24 17.000 0.770
2014-05-08 17.000 0.954
2013-06-25 17.000 0.994
2013-05-10 15.000 0.912
2013-02-13 13.000 0.864
2013-02-01 13.000 1.028
2012-11-27 13.000 1.189
2012-11-12 13.000 1.293
2012-08-03 13.000 1.427
2012-06-22 13.000 1.597
2012-05-15 13.000 1.750
2012-02-13 13.000 1.645
2012-02-06 13.000 1.850
2011-11-25 13.000 1.884
2011-11-15 13.000 1.841
2011-08-05 13.000 1.890
2011-06-24 13.000 1.861
2011-05-13 13.000 1.974
2011-02-10 13.000 1.779
2011-02-07 13.000 1.643
2010-11-26 13.000 1.711
2010-11-12 13.000 1.796
2010-06-24 13.000 1.702
2010-05-14 13.000 1.563
2010-02-12 13.000 1.551
2010-02-05 13.000 1.740
2009-11-06 13.000 1.572
2009-06-23 13.000 1.475
2009-05-15 13.000 1.440
2009-02-06 13.000 1.642
2008-12-08 13.000 1.548

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Suruga Bank has not reported any payouts.
  • Unable to verify if Suruga Bank's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Suruga Bank's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Suruga Bank has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Suruga Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Suruga Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Suruga Bank has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

URU Management

 What is the CEO of Suruga Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michio Arikuni
AGE 52
TENURE AS CEO 0.3 years
CEO Bio

Mr. Michio Arikuni has been President of Suruga bank, Ltd. since September 7, 2018, and serves as its Director since June 23, 2016. April 1989: Joined Suruga bank, Ltd. April 2002 General Manager of Numazu Central Branch April 2004: Senior Manager of Casting Department, Management Planning Division. July 2007: Deputy General Manager of Personal Bank Department, Operations Division. April 2009: General Manager of Life Support Office, Operations Division. April 2011: General Manager of Compliance Department, Management Planning Division. April 2012: General Manager of Casting Department, Management Planning Division. Jun. 2016: Director, responsible for Audit Division. Apr. 2017: Director, responsible for Systems Division. Apr. 2018 Director, responsible for Systems Division and Administration Division.

CEO Compensation
  • Insufficient data for Michio to compare compensation growth.
  • Insufficient data for Michio to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Suruga Bank management team in years:

0.7
Average Tenure
59.5
Average Age
  • The average tenure for the Suruga Bank management team is less than 2 years, this suggests a new team.
Management Team

Michio Arikuni

TITLE
President & Director
AGE
52
TENURE
0.3 yrs

Kazuya Mochizuki

TITLE
Senior MD
AGE
65

Nobuaki Yanagisawa

TITLE
MD, GM of Operations Division & Director
AGE
56
TENURE
0.7 yrs

Tadashi Ueno

TITLE
IR Manager

Yoshihiro Okazaki

TITLE
Senior Managing Director
AGE
63
TENURE
3.5 yrs

Hideo Takayama

TITLE
Senior Executive Officer & Head of Kanagawa Community Bank of Sales Division

Tatsuya Akita

TITLE
Managing Executive Officer

Tomiro Suzuki

TITLE
Executive Officer & Head of Numazu Block of Sales Division

Rintaro Matsuoka

TITLE
Executive Officer & Head of System Department

Shigeki Koshio

TITLE
Operating Officer & Head of Cross Marketing and Sales Division
Board of Directors Tenure

Average tenure and age of the Suruga Bank board of directors in years:

6.5
Average Tenure
60
Average Age
  • The tenure for the Suruga Bank board of directors is about average.
Board of Directors

Michio Arikuni

TITLE
President & Director
AGE
52
TENURE
2.5 yrs

Kazuya Mochizuki

TITLE
Senior MD
AGE
65

Nobuaki Yanagisawa

TITLE
MD, GM of Operations Division & Director
AGE
56
TENURE
1.5 yrs

Toshihiko Shirai

TITLE
Representative Director
AGE
65
TENURE
10.5 yrs

Yoshinori Ando

TITLE
Outside Independent Director
AGE
61
TENURE
7.5 yrs

Takeshi Yagi

TITLE
Director
AGE
54
TENURE
6.5 yrs

Shione Kinoshita

TITLE
Outside Independent Director
AGE
59

Shigeharu Kawahara

TITLE
Independent Outside Director
AGE
69

Satoshi Nagano

TITLE
Independent Outside Director
AGE
56

Takashi Tsuchiya

TITLE
Full-Time Auditor
AGE
63
TENURE
6.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Suruga Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Suruga Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

URU News

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URU Company Info

Map
Description

Suruga Bank Ltd. provides various banking and financial products and services to individuals and companies in Japan. The company offers deposit products, such as time, funded term, foreign currency, non-interest-bearing, and other deposits, as well as current and general accounts; card, housing, second house/resort, startup, project assistance, and business up-date loans, as well as loans by purpose; credit and debit cards; and overdrafts and other financing products. It also provides investment trust, insurance, inheritance/trust, lottery ticket, foreign currency exchange, pay-easy, Web talk acceptance, safe deposit box, pension receipt, public bond, fund management, e-combination, payment, long-term care medical fee reimbursement factoring, mortgage, and Internet and telephone banking services. In addition, the company offers printing, temporary staffing, leasing, guarantee, management consulting, and accounts receivable collection services. It operates through a network of 133 branches in Japan. The company was founded in 1895 and is headquartered in Numazu, Japan.

Details
Name: Suruga Bank Ltd.
URU
Exchange: MUN
Founded: 1895
¥942,776,740
231,651,461
Website: http://www.surugabank.co.jp
Address: Suruga Bank Ltd.
23 Toriyoko-cho,
Numazu,
Shizuoka, 410-1101,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8358 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB URU Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
MUN URU Common Stock Boerse Muenchen DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
1,907
Suruga Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/05 12:53
End of day share price update: 2018/09/07 00:00
Last estimates confirmation: 2018/12/03
Last earnings filing: 2018/11/29
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.