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The latest announcement is out from Suruga Bank ( (JP:8358) ).
Suruga Bank has approved a new share repurchase program as part of its strategy to improve shareholder returns while maintaining capital soundness and funding growth investments. The move aligns with the bank’s mid‑term business plan targets, including a consolidated ROE of at least 11% and an effective equity ratio of around 10% by fiscal 2028.
The board authorized the buyback of up to 5 million common shares, equivalent to about 2.92% of outstanding shares excluding treasury stock, for a maximum of ¥12 billion. The repurchase, scheduled between May 15 and December 31, 2026, is intended to boost capital efficiency and sustainable shareholder value, and comes on top of a substantial existing treasury stock position already on the bank’s balance sheet.
More about Suruga Bank
Suruga Bank, Ltd. is a regional Japanese bank listed on the Prime Market of the Tokyo Stock Exchange. The bank focuses on retail and SME financial services, and manages its capital to balance soundness with growth investments while aiming to enhance shareholder returns and capital efficiency over the medium term.
Average Trading Volume: 750,821
Technical Sentiment Signal: Buy
Current Market Cap: Yen419.8B
See more data about 8358 stock on TipRanks’ Stock Analysis page.