Suruga Bank (8358) AI Stock Analysis

• Market Cap: $315.20B
• Dividend Yield: 2.34%
• Average Volume (3M): 798.45K
• Price to Earnings (P/E): 11.9
• Beta (1Y): 0.68
• Revenue Growth: 22.44%
• EPS Growth: 59.32%
• Country: JP
• Employees: 1,449
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 58.69
• Shares Outstanding: 197,139,250
• 10 Day Avg. Volume: 862,000
• 30 Day Avg. Volume: 798,453
• PEG Ratio: 0.29
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 3.57
• P/FCF Ratio: -1.17
• Enterprise Value/Market Cap: -0.63
• Enterprise Value/Revenue: -3.55
• Enterprise Value/Gross Profit: -3.55
• Enterprise Value/Ebitda: -10.75
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 129.75
• Revenue Forecast (FY): $57.50B

• Rating: 70 Outperform
• Price Target: ¥1,694.00 ▲(2.60% Upside)

Suruga Bank's strong financial performance, particularly in revenue growth and profitability, is the primary driver of its stock score. The technical analysis supports a positive trend, although momentum indicators remain neutral. The valuation is attractive with a reasonable P/E ratio and a solid dividend yield. However, cash flow challenges and the absence of earnings call insights slightly temper the overall score.

Suruga Bank Business Overview & Revenue Model

Company Description

Suruga Bank (8358) is a Japanese financial institution primarily engaged in banking services, including commercial banking, retail banking, and asset management. Established in Shizuoka, the bank caters to a diverse clientele, offering a range of products such as personal loans, corporate financing, investment services, and savings accounts. Suruga Bank is known for its focus on small and medium-sized enterprises (SMEs) and individuals, providing tailored financial solutions to meet their specific needs.

How the Company Makes Money

Suruga Bank generates revenue primarily through interest income derived from loans and advances made to its customers. The bank charges interest on various loan products, including personal loans, business loans, and mortgages, which constitutes a significant portion of its earnings. Additionally, the bank earns fee income from services such as account maintenance, transaction fees, and investment advisory services. Suruga Bank also benefits from asset management fees and commissions related to its investment products. Strategic partnerships with other financial institutions and businesses may enhance its service offerings and client base, further contributing to its revenue streams.

Suruga Bank Financial Statement Overview

Summary

Suruga Bank exhibits strong financial health with robust profitability and a solid balance sheet with no debt. Revenue growth inconsistency and missing cash flow data require attention. Overall, the bank is well-positioned in the banking industry with efficient operations and conservative financial management.

Income Statement

Suruga Bank demonstrates strong profitability with an impressive gross profit margin of 104.6% and a net profit margin of 25.6% in the TTM. Despite a revenue decline, EBIT and EBITDA margins remain healthy at 51.7% and 16.8% respectively, indicating efficient cost management and strong operational performance. Revenue growth has been inconsistent, indicating potential fluctuations in demand or competitive pressures.

Balance Sheet

The bank maintains an exceptionally strong balance sheet with zero total debt, resulting in a debt-to-equity ratio of zero, highlighting financial stability. The equity ratio stands at 8.7%, reflecting a conservative financial strategy. The return on equity (ROE) is robust at 6.7%, showcasing effective profitability relative to equity.

Cash Flow

Cash flow metrics present challenges due to missing data in the TTM period. Historical data shows strong free cash flow and a high operating cash flow to net income ratio, indicating efficient cash generation. However, the absence of free cash flow growth rate analysis in the TTM raises concerns on cash flow sustainability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	56.18B	69.23B	62.90B	57.19B	75.34B	85.22B
Gross Profit	56.18B	66.68B	61.75B	55.80B	73.85B	83.65B
EBITDA	18.57B	30.80B	24.80B	17.60B	14.83B	28.43B
Net Income	13.37B	20.18B	15.38B	10.58B	7.96B	21.43B
Balance Sheet
Total Assets	3.51T	3.46T	3.56T	3.64T	3.59T	3.55T
Cash, Cash Equivalents and Short-Term Investments	0.00	693.36B	982.20B	1.04T	874.18B	953.93B
Total Debt	0.00	46.00M	80.00M	115.00M	151.00M	22.00M
Total Liabilities	3.21T	3.17T	3.27T	3.37T	3.33T	3.26T
Stockholders Equity	301.99B	295.71B	295.01B	270.94B	264.13B	285.67B
Cash Flow
Free Cash Flow	0.00	-210.53B	-95.32B	22.17B	137.00B	199.06B
Operating Cash Flow	0.00	-208.48B	-93.08B	24.49B	142.16B	203.69B
Investing Cash Flow	0.00	-56.45B	45.14B	142.31B	-210.78B	-129.27B
Financing Cash Flow	0.00	-15.92B	-137.68B	-1.13B	-18.83B	39.99B

Suruga Bank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1651.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8358, the sentiment is Positive. The current price of 1651 is above the 20-day moving average (MA) of 1561.40, above the 50-day MA of 1535.37, and above the 200-day MA of 1377.62, indicating a bullish trend. The MACD of 24.47 indicates Negative momentum. The RSI at 65.20 is Neutral, neither overbought nor oversold. The STOCH value of 86.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8358.

Suruga Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7327	80 Outperform	¥435.24B	11.05	―	3.50%	12.71%	71.94%
8524	76 Outperform	¥292.22B	12.20	―	2.56%	19.69%	70.91%
8418	73 Outperform	$356.41B	9.48	6.09%	3.33%	5.87%	50.22%
8358	70 Outperform	$315.20B	11.91	8.13%	2.34%	22.44%	59.32%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
8366	63 Neutral	¥293.34B	14.73	―	1.42%	15.79%	78.27%
8304	60 Neutral	$324.02B	14.59	4.74%	3.48%	5.47%	―

Suruga Bank Corporate Events

Suruga Bank Reports Strong Financial Performance for H1 2025

Suruga Bank reported a strong performance for the six months ending September 30, 2025, with a notable increase in ordinary income and profit attributable to owners of the parent. The bank’s comprehensive income more than doubled compared to the previous year, reflecting a robust financial position. The increase in dividends per share indicates a positive outlook for shareholders, and the stable equity-to-asset ratio suggests a solid financial foundation. These results underscore Suruga Bank’s strengthened position in the financial industry and its commitment to delivering value to its stakeholders.

Suruga Bank Completes Treasury Stock Repurchase

Suruga Bank has announced the completion of a treasury stock repurchase, acquiring 1,919,700 shares at a total cost of 2,892,076,400 yen through market purchases on the Tokyo Stock Exchange. This move is part of a larger plan approved by the Board of Directors to repurchase up to 12,500,000 shares, aiming to enhance shareholder value and optimize capital structure.

Suruga Bank’s Legal Victory in Share House Loan Case

Suruga Bank announced a court judgment concerning a lawsuit filed against former directors related to share house loan issues. The Shizuoka District Court partially granted claims against several former directors, holding them liable for damages due to breaches of duty. The ruling clarifies legal responsibilities but its impact on the bank’s current fiscal performance remains undetermined.

Suruga Bank Announces Treasury Stock Repurchase

Suruga Bank has announced the repurchase of 1,237,500 shares of its common stock, totaling an acquisition cost of 1,882,391,300 yen, through market purchases on the Tokyo Stock Exchange. This action is part of a broader strategy approved by the Board of Directors to acquire up to 12,500,000 shares, aiming to enhance shareholder value and optimize capital structure.