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The latest announcement is out from Suruga Bank ( (JP:8358) ).
Suruga Bank has secured a favorable ruling in its long‑running damages lawsuit over credit management issues involving companies tied to its founding family. The Shizuoka District Court, acting on remand from the Tokyo High Court, found four former directors, including heirs of deceased executives, had breached their duties and are liable for compensation.
The court upheld claims that establish joint liability of up to ¥4.762 billion that the bank can recover from the former directors. This judgment marks a significant step in Suruga Bank’s efforts to clarify responsibility for past governance failures, potentially improving its risk management credibility and signaling stronger accountability to shareholders and regulators.
The most recent analyst rating on (JP:8358) stock is a Buy with a Yen2113.00 price target. To see the full list of analyst forecasts on Suruga Bank stock, see the JP:8358 Stock Forecast page.
More about Suruga Bank
Suruga Bank, Ltd. is a regional Japanese bank listed on the Prime Market of the Tokyo Stock Exchange. It provides commercial and retail banking services, with a focus on lending and credit management in its home Shizuoka region and surrounding markets. The bank has faced scrutiny in recent years over governance and credit practices linked to companies related to its founding family.
YTD Price Performance: 11.41%
Average Trading Volume: 684,424
Technical Sentiment Signal: Buy
Current Market Cap: Yen366.6B
Find detailed analytics on 8358 stock on TipRanks’ Stock Analysis page.