Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥199 (vs JP¥107 in FY 2025) Full year 2026 results: EPS: JP¥199 (up from JP¥107 in FY 2025). Revenue: JP¥86.8b (up 10% from FY 2025). Net income: JP¥34.7b (up 72% from FY 2025). Profit margin: 40% (up from 26% in FY 2025). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 51% per year whereas the company’s share price has increased by 55% per year. Duyuru • May 14
Suruga Bank Ltd., Annual General Meeting, Jun 24, 2026 Suruga Bank Ltd., Annual General Meeting, Jun 24, 2026. Duyuru • May 10
Suruga Bank Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Suruga Bank Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Duyuru • Mar 15
Suruga Bank Ltd. Announces Retirement of Mr. Tomoaki Tsutsumi as CCO & General Manager of the Compliance & Risk Management Division, Effective March 31, 2026 Suruga Bank Ltd. announced that Mr. Tomoaki Tsutsumi is scheduled to retire as CCO & General Manager of the Compliance & Risk Management Division on March 31, 2026. Current position: Director & Senior Managing Executive Officer, CCO & General Manager of Compliance & Risk Management Division. Duyuru • Oct 03
Suruga Bank Ltd. to Report Q2, 2026 Results on Nov 13, 2025 Suruga Bank Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Duyuru • Jul 29
Suruga Bank Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Suruga Bank Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Duyuru • May 13
Suruga Bank Ltd. (TSE:8358) announces an Equity Buyback for 12,500,000 shares, representing 6.8% for ¥15,000 million. Suruga Bank Ltd. (TSE:8358) announces a share repurchase program. Under the program, the company will repurchase 12,500,000 shares, representing 6.80% of its issued share capital for ¥15,000 million. The purpose of the program is to enhance shareholders returns. The program will expire on January 31, 2026. As of March 31, 2025, the company had 197,139,248 shares and 13,209,575 shares in treasury. Duyuru • May 12
Suruga Bank Ltd., Annual General Meeting, Jun 25, 2025 Suruga Bank Ltd., Annual General Meeting, Jun 25, 2025. Duyuru • Mar 13
Suruga Bank, Ltd. Hereby Announces the Retirement of Board and Committees Suruga Bank Ltd. hereby announced the retire at the conclusion of the 214th Annual General Meeting of Shareholders to be held on June 25, 2025, of Emi Noge as Outside Director, Member of the Audit & Supervisory Committee and Takeshi Miyajima as Director & Senior Executive Officer, General Manager of IT & Operations Division. Duyuru • Mar 11
Suruga Bank Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Suruga Bank Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Duyuru • Feb 06
Suruga Bank Ltd. (TSE:8358) announces an Equity Buyback for 4,500,000 shares, representing 2.41% for ¥6,000 million. Suruga Bank Ltd. (TSE:8358) announces a share repurchase program. Under the program, the company will repurchase 4,500,000 shares, representing 2.41% of its issued share capital for ¥6,000 million. The purpose of the program is to enhance shareholders returns. The program will expire on April 30, 2025. As of December 31, 2024, the company had 197,139,248 shares and 10,179,098 shares in treasury. Duyuru • Jan 03
Suruga Bank Ltd. to Report Q3, 2025 Results on Feb 06, 2025 Suruga Bank Ltd. announced that they will report Q3, 2025 results on Feb 06, 2025 Declared Dividend • Dec 30
First half dividend of JP¥14.50 announced Shareholders will receive a dividend of JP¥14.50. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 216%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 5.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥22.47 (vs JP¥27.46 in 2Q 2024) Second quarter 2025 results: EPS: JP¥22.47 (down from JP¥27.46 in 2Q 2024). Revenue: JP¥19.7b (down 6.8% from 2Q 2024). Net income: JP¥4.27b (down 30% from 2Q 2024). Profit margin: 22% (down from 29% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 5.3% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 12 December 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.4%). Duyuru • Sep 18
Suruga Bank Ltd. to Report Q2, 2025 Results on Nov 12, 2024 Suruga Bank Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥35.37 (vs JP¥18.63 in 1Q 2024) First quarter 2025 results: EPS: JP¥35.37 (up from JP¥18.63 in 1Q 2024). Revenue: JP¥22.5b (up 21% from 1Q 2024). Net income: JP¥6.81b (up 94% from 1Q 2024). Profit margin: 30% (up from 19% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.9% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 05
Now 29% undervalued The stock has been flat over the last 90 days, currently trading at €5.70. The fair value is estimated to be €8.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 35%. For the next 3 years, revenue is forecast to decline by 5.4% per annum. Earnings are forecast to grow by 1.3% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €7.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 206% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €7.13 per share. Declared Dividend • Jul 11
Final dividend of JP¥11.00 announced Shareholders will receive a dividend of JP¥11.00. Ex-date: 27th September 2024 Payment date: 12th December 2024 Dividend yield will be 188%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 2.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. EPS is expected to grow by 13% over the next 3 years, which should be enough to bring the dividend into a sustainable range. Duyuru • Jun 22
Suruga Bank Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Suruga Bank Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €6.50, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 164% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.47 per share. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥75.45 (vs JP¥56.15 in FY 2023) Full year 2024 results: EPS: JP¥75.45 (up from JP¥56.15 in FY 2023). Revenue: JP¥73.2b (up 6.5% from FY 2023). Net income: JP¥15.4b (up 45% from FY 2023). Profit margin: 21% (up from 15% in FY 2023). Revenue is expected to decline by 5.5% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 3.2%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Duyuru • May 12
Suruga Bank Ltd., Annual General Meeting, Jun 26, 2024 Suruga Bank Ltd., Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • Apr 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €5.85. The fair value is estimated to be €4.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has declined by 38%. For the next 3 years, revenue is forecast to decline by 3.9% per annum. Earnings are forecast to grow by 13% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €6.05, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 111% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.23 per share. Duyuru • Apr 04
Suruga Bank Ltd. (TSE:8358) announces an Equity Buyback for 6,000,000 shares, representing 3.11% for ¥7,000 million. Suruga Bank Ltd. (TSE:8358) announces a share repurchase program. Under the program, the company will repurchase 6,000,000 shares, representing 3.11% of its issued share capital for ¥7,000 million. The purpose of the program is to enhance shareholders returns. The program will expire on September 30, 2024. As of March 31, 2024, the company had 232,139,248 shares and 39,334,605 shares in treasury. Duyuru • Mar 24
Suruga Bank Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Suruga Bank Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 06 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.6%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥18.66 (vs JP¥23.84 in 3Q 2023) Third quarter 2024 results: EPS: JP¥18.66 (down from JP¥23.84 in 3Q 2023). Revenue: JP¥26.5b (up 41% from 3Q 2023). Net income: JP¥3.91b (down 13% from 3Q 2023). Profit margin: 15% (down from 24% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 6.0% p.a. on average during the next 3 years, while revenues in the Banks industry in Europe are expected to grow by 2.5%. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Duyuru • Jan 09
Suruga Bank Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Suruga Bank Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 New Risk • Dec 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.1% net profit margin). Shareholders have been diluted in the past year (8.8% increase in shares outstanding). New Risk • Nov 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.1% Last year net profit margin: 9.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.1% net profit margin). Duyuru • Sep 27
Suruga Bank Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Suruga Bank Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.09% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: JP¥18.63 (vs JP¥21.56 in 1Q 2023) First quarter 2024 results: EPS: JP¥18.63 (down from JP¥21.56 in 1Q 2023). Revenue: JP¥20.6b (up 13% from 1Q 2023). Net income: JP¥3.51b (down 14% from 1Q 2023). Profit margin: 17% (down from 22% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • Jul 04
Suruga Bank Ltd. announced that it has received ¥17.123432 billion in funding from Credit Saison Co., Ltd. On July 3, 2023, Suruga Bank Ltd. closed the transaction. Duyuru • Jun 24
Suruga Bank Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Suruga Bank Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Duyuru • May 20
Suruga Bank Ltd. announced that it expects to receive ¥17.123432 billion in funding from Sansei Capital Investment Co., Ltd. Suruga Bank Ltd. announced that it will issue 35,089,000 common shares at a price of ¥488 per share for gross proceeds of ¥17,123,432,000 on May 18, 2023. The transaction included participation from new investor, Saison Information Systems Co., Ltd. for 15.70% shares. The transaction is expected to complete from July 3, 2023 to September 29, 2023. The company will pay ¥254,890,000 as legal fees, advisory fees and document preparation costs such as securities registration statements. Duyuru • May 19
Suruga Bank Ltd. (TSE:8358) announces an Equity Buyback for 35,000,000 shares, representing 18.58% for ¥22,000 million. Suruga Bank Ltd. (TSE:8358) announces a share repurchase program. Under the program, the company will repurchase 35,000,000 shares, representing 18.58% of its issued share capital for ¥22,000 million. The purpose of the program is implementing a capital policy that responds to changes in the environment and market environment. The program will expire on March 31, 2024. As of March 31, 2023, the company had 232,139,248 shares and 43,768,676 shares in treasury. Duyuru • May 18
Credit Saison Reportedly to Acquire Stake in Suruga Bank Credit Saison Co., Ltd. (TSE:8253) plans to acquire a stake of around 15% in Suruga Bank Ltd. (TSE:8358), people familiar with the matter said 17 May 2023. The Japanese lender, for its part, will acquire a stake of about 5% in Credit Saison, the people said. The cross-shareholding deal comes as an effort by Nojima Corp, a Japanese electronics retailer, to help rebuild the struggling bank had fallen through. Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥56.15 (vs JP¥34.73 in FY 2022) Full year 2023 results: EPS: JP¥56.15 (up from JP¥34.73 in FY 2022). Revenue: JP¥68.7b (down 1.4% from FY 2022). Net income: JP¥10.6b (up 33% from FY 2022). Profit margin: 15% (up from 11% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 13 June 2023. Payout ratio is a comfortable 6.1% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.1%). Reported Earnings • Feb 13
Third quarter 2023 earnings released: EPS: JP¥23.84 (vs JP¥35.48 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥23.84 (up from JP¥35.48 loss in 3Q 2022). Revenue: JP¥22.1b (up 226% from 3Q 2022). Net income: JP¥4.49b (up JP¥12.7b from 3Q 2022). Profit margin: 20% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year. Duyuru • Feb 09
Suruga Bank Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 Suruga Bank Ltd. provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects ordinary revenues of ¥86,000 million, ordinary profit of ¥11,000 million, profit attributable to owners of parent of ¥9,000 million and basic earnings per share of ¥47.77. Duyuru • Dec 22
Suruga Bank Ltd. to Report Q3, 2023 Results on Feb 09, 2023 Suruga Bank Ltd. announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 7 non-independent directors. Outside Independent Director Yoriyuki Kusaki was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥65.47 (vs JP¥65.85 in 2Q 2022) Second quarter 2023 results: EPS: JP¥65.47 (down from JP¥65.85 in 2Q 2022). Revenue: JP¥33.5b (up 3.8% from 2Q 2022). Net income: JP¥12.3b (down 19% from 2Q 2022). Profit margin: 37% (down from 47% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year. Duyuru • Sep 17
Suruga Bank Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Suruga Bank Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥21.56 (vs JP¥11.01 in 1Q 2022) First quarter 2023 results: EPS: JP¥21.56 (up from JP¥11.01 in 1Q 2022). Revenue: JP¥20.3b (up 12% from 1Q 2022). Net income: JP¥4.06b (up 59% from 1Q 2022). Profit margin: 20% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Jun 25
Suruga Bank Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Suruga Bank Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥34.73 (vs JP¥92.52 in FY 2021) Full year 2022 results: EPS: JP¥34.73 (down from JP¥92.52 in FY 2021). Revenue: JP¥69.7b (down 22% from FY 2021). Net income: JP¥7.96b (down 63% from FY 2021). Profit margin: 11% (down from 24% in FY 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 1.0% compared to a 13% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • May 15
Suruga Bank Ltd., Annual General Meeting, Jun 29, 2022 Suruga Bank Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 28
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Outside Director Yoichi Namekata is the most experienced director on the board, commencing their role in 2019. Outside Independent Director Yoriyuki Kusaki was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • Apr 08
Suruga Bank Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Suruga Bank Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 5.4% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (5.7%). Duyuru • Mar 10
Suruga Bank Ltd. (TSE:8358) announces an Equity Buyback for 42,854 shares, for ¥17.44 million. Suruga Bank Ltd. (TSE:8358) announces a share repurchase program. Under the program, the company will repurchase 42,854 shares from Nojima Corporation at a price of ¥407 per share. The program will expire on March 9, 2022. Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: JP¥35.48 loss per share (down from JP¥16.98 profit in 3Q 2021). Revenue: JP¥16.9b (down 23% from 3Q 2021). Net loss: JP¥8.22b (down 309% from profit in 3Q 2021). Revenue missed analyst estimates by 1.6%. Over the next year, revenue is expected to shrink by 24% compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 14
Second quarter 2022 earnings released: EPS JP¥65.85 (vs JP¥21.48 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥34.8b (up 35% from 2Q 2021). Net income: JP¥15.3b (up 207% from 2Q 2021). Profit margin: 44% (up from 19% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Executive Departure • Jul 06
Independent Director Kiyoto Matsuda has left the company On the 28th of June, Kiyoto Matsuda's tenure as Independent Director ended after 2.0 years in the role. We don't have any record of a personal shareholding under Kiyoto's name. Kiyoto is the only executive to leave the company over the last 12 months. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 12 June 2021. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.9%). Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥3.52, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Banks industry in Europe. Total returns to shareholders of 23% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €6.38 per share. Is New 90 Day High Low • Mar 10
New 90-day high: €2.90 The company is up 13% from its price of €2.56 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.59 per share. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥16.98 (vs JP¥15.03 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: JP¥31.9b (up 26% from 3Q 2020). Net income: JP¥3.93b (up 13% from 3Q 2020). Profit margin: 12% (down from 14% in 3Q 2020). Analyst Estimate Surprise Post Earnings • Feb 14
Revenue beats expectations Revenue exceeded analyst estimates by 26%. Over the next year, revenue is expected to shrink by 24% compared to a 25% growth forecast for the Banks industry in Germany. Is New 90 Day High Low • Jan 30
New 90-day low: €2.36 The company is down 13% from its price of €2.72 on 30 October 2020. The German market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.60 per share. Duyuru • Jan 28
Suruga Bank Ltd.(TSE:8358) dropped from FTSE All-World Index (USD) Suruga Bank Ltd.(TSE:8358) dropped from FTSE All-World Index (USD) Is New 90 Day High Low • Dec 23
New 90-day low: €2.40 The company is down 21% from its price of €3.04 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.06 per share. Duyuru • Dec 19
Suruga Bank Ltd. to Report Q3, 2021 Results on Feb 12, 2021 Suruga Bank Ltd. announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 01
New 90-day low: €2.54 The company is down 13% from its price of €2.92 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.06 per share. Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS JP¥21.48 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: JP¥33.7b (up 10.0% from 2Q 2020). Net income: JP¥4.98b (down 59% from 2Q 2020). Profit margin: 15% (down from 40% in 2Q 2020). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Oct 21
New 90-day low: €2.72 The company is down 7.0% from its price of €2.94 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.45 per share. Duyuru • Oct 10
Suruga Bank Ltd. to Report Q2, 2021 Results on Nov 13, 2020 Suruga Bank Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020 Duyuru • Sep 23
Suruga Bank Ltd.(TSE:8358) dropped from S&P Japan 500 Suruga Bank Ltd.(TSE:8358) dropped from S&P Japan 500 Duyuru • Jul 30
Nojima Corporation (TSE:7419) completed the acquisition of an additional 13.52% stake in Suruga Bank Ltd. (TSE:8358) from SG Investments, Ltd., Suruga Sogo Hoken K.K., S.G. Asset Company, Mitsuyoshi Okano and the other Okano founding family members. Nojima Corporation (TSE:7419) agreed to acquire an additional 13.52% stake in Suruga Bank Ltd. (TSE:8358) from SG Investments, Ltd., Suruga Sogo Hoken K.K., S.G. Asset Company, Mitsuyoshi Okano and the other Okano founding family members for approximately ¥14.1 billion on October 25, 2019. Nojima Corporation will acquire 31.3 million shares of Suruga Bank Ltd. After the transaction, Nojima Corporation will hold 18.52% stake in Suruga Bank Ltd. The transaction is expected to be completed on October 29, 2019. The proceeds from the share sale will go toward repaying debts owed to the bank by companies linked to the Okano family.
Nojima Corporation (TSE:7419) completed the acquisition of an additional 13.52% stake in Suruga Bank Ltd. (TSE:8358) from SG Investments, Ltd., Suruga Sogo Hoken K.K., S.G. Asset Company, Mitsuyoshi Okano and the other Okano founding family members on October 29, 2019. Duyuru • Jun 20
Suruga Bank Ltd. to Report Q1, 2021 Results on Aug 14, 2020 Suruga Bank Ltd. announced that they will report Q1, 2021 results on Aug 14, 2020 
