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Suruga Bank ( (JP:8358) ) just unveiled an announcement.
Suruga Bank has disclosed the initial status of its board-approved share repurchase program, authorized in late April to buy back up to 5 million shares, or about 2.92% of its outstanding stock, for a maximum of 12 billion yen by year-end. The bank reported that it acquired no shares and incurred no costs between May 15 and May 18, underscoring a cautious start to the buyback plan.
Management also clarified that the bank will suspend repurchases while a trust-type stock compensation scheme for executives is actively purchasing shares, a window that runs until June 19, 2026. This coordination indicates an effort to balance shareholder returns with governance-linked equity incentives, and may influence the timing and scale of future buybacks over the remainder of the program period.
More about Suruga Bank
Suruga Bank, Ltd. is a Japanese regional bank listed on the Tokyo Stock Exchange’s Prime Market. It provides commercial and retail banking services, focusing on deposits, loans, and other financial products for individuals and businesses in its core regions, while seeking to enhance shareholder value through capital management initiatives.
YTD Price Performance: 39.25%
Average Trading Volume: 839,248
Technical Sentiment Signal: Buy
Current Market Cap: Yen398.2B
For detailed information about 8358 stock, go to TipRanks’ Stock Analysis page.