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Suruga Bank ( (JP:8358) ) just unveiled an update.
Suruga Bank will cancel 25 million shares of its treasury stock, equivalent to 12.68% of its outstanding common shares, following a resolution approved by its board of directors on April 24, 2026. After the cancellation, scheduled for May 14, 2026, the bank will have 172,139,248 shares issued, a move that effectively reduces share count and could enhance capital efficiency and shareholder value through a higher ownership stake per remaining share.
More about Suruga Bank
Suruga Bank, Ltd. is a regional Japanese financial institution listed on the Prime Market of the Tokyo Stock Exchange under code 8358. The bank provides commercial banking services, including deposit-taking, lending and related financial products, primarily serving individual and corporate customers in its home markets.
Average Trading Volume: 750,821
Technical Sentiment Signal: Buy
Current Market Cap: Yen419.8B
Find detailed analytics on 8358 stock on TipRanks’ Stock Analysis page.