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An update from Suruga Bank ( (JP:8358) ) is now available.
Suruga Bank has sharply raised its full-year earnings outlook for the fiscal year ending March 2026, citing steady performance in its core loan business, stronger income from fund management amid higher base lending and market rates, and ongoing reductions in property-related and other expenses. Improved asset quality is expected to keep credit costs below prior projections, while additional recognition of deferred tax assets and tax-free treatment of certain past provisions are set to lower tax expenses, lifting both ordinary profit and net income well above last year’s levels and the bank’s previous forecast.
Reflecting this stronger profitability and its policy on shareholder returns, the bank plans a significant dividend hike, raising its year-end payout forecast from 22 yen to 38 yen per share and its annual dividend forecast to 60 yen. The revised guidance, which is driven mainly by non-consolidated performance, underscores Suruga Bank’s improved earnings power, more efficient cost base, and enhanced capital flexibility, with implications for higher returns to shareholders and a firmer competitive position in Japan’s regional banking sector.
More about Suruga Bank
Suruga Bank, Ltd. is a regional Japanese bank listed on the Prime Market of the Tokyo Stock Exchange, focusing on core loan operations and fund management activities. The bank serves retail and corporate customers, with earnings heavily influenced by lending margins, market interest rates, and ongoing efforts to streamline costs and strengthen asset quality.
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.