Suruga Bank Ltd. (JP:8358)
:8358
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Suruga Bank
(8358)
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Rating:72Outperform
Price Target:
¥2,595.00
▲(44.97% Upside)
Action:Reiterated
Date:05/15/26
The score is driven by strong technical trend and attractive valuation, while financial performance is moderated by significant cash-flow volatility despite improving profitability and a conservatively financed balance sheet.
Positive Factors
Conservative balance sheet / low leverage
Extremely low reported debt and rising equity create a durable capital cushion that improves shock absorption and regulatory resilience. This conservatively levered profile supports loan growth capacity and lowers funding stress risk over the next several quarters.
Negative Factors
Highly volatile operating cash flows
Large year-to-year swings in operating and free cash flow reduce predictability of internal funding and constrain capital allocation. Persistent volatility forces reliance on external financing or asset sales during weak years and raises medium-term liquidity and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / low leverage
Extremely low reported debt and rising equity create a durable capital cushion that improves shock absorption and regulatory resilience. This conservatively levered profile supports loan growth capacity and lowers funding stress risk over the next several quarters.
Read all positive factors
Suruga Bank (8358) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥394.96B
Dividend Yield2.12%
Average Volume (3M)798.45K
Price to Earnings (P/E)11.5
Beta (1Y)0.84
Revenue Growth11.88%
EPS Growth85.95%
CountryJP
Employees1,449
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)101.10
Shares Outstanding172,139,250
10 Day Avg. Volume862,000
30 Day Avg. Volume798,453
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)1.08
Price to Sales (P/S)4.08
P/FCF Ratio57.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,500.00Price Target Upside39.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)192.4
Revenue Forecast (FY)¥100.90B
Suruga Bank Business Overview & Revenue Model
Company Description
Suruga Bank Ltd. provides various banking and financial products and services to individuals and corporate customers in Japan. The company offers deposit products, such as time, ordinary, savings, foreign currency, and other deposits, as well as c...
How the Company Makes Money
Suruga Bank makes money mainly through (1) net interest income and (2) fee-based income, with additional contributions from market-related income and other banking activities.
1) Net interest income (core earnings driver): The bank collects depos...
Suruga Bank Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 82.64B | 85.32B | 73.98B | 67.99B | 62.08B | 80.42B |
| Gross Profit | 78.91B | 86.91B | 73.68B | 69.22B | 63.26B | 64.06B |
| EBITDA | 23.14B | 39.34B | 30.80B | 24.80B | 17.60B | 14.83B |
| Net Income | 18.82B | 34.73B | 20.18B | 15.38B | 10.58B | 7.96B |
Balance Sheet | ||||||
| Total Assets | 3.51T | 3.54T | 3.46T | 3.56T | 3.64T | 3.59T |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 434.16B | 693.36B | 982.20B | 1.04T | 874.18B |
| Total Debt | 0.00 | 0.00 | 32.00M | 80.00M | 115.00M | 35.00M |
| Total Liabilities | 3.21T | 3.22T | 3.17T | 3.27T | 3.37T | 3.33T |
| Stockholders Equity | 301.99B | 323.33B | 295.71B | 295.01B | 270.94B | 264.13B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 6.06B | -210.53B | 0.00 | 22.17B | 137.00B |
| Operating Cash Flow | 0.00 | 7.41B | -208.48B | 0.00 | 24.49B | 142.16B |
| Investing Cash Flow | 0.00 | -286.05B | -56.45B | 45.14B | 142.31B | -210.78B |
| Financing Cash Flow | 0.00 | 24.68B | -15.92B | -137.68B | -1.13B | -18.83B |
Suruga Bank Technical Analysis
Positive
1790.00
Price Trends
2193.96
Positive
2055.34
Positive
1787.08
Positive
Market Momentum
38.02
Positive
53.57
Neutral
31.70
Neutral
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 1790 is below the 20-day moving average (MA) of 2315.50, below the 50-day MA of 2193.96, and above the 200-day MA of 1787.08, indicating a bullish trend. The MACD of 38.02 indicates Positive momentum. The RSI at 53.57 is Neutral, neither overbought nor oversold. The STOCH value of 31.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8358.
Suruga Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥394.96B | 11.46 | 8.52% | 2.12% | 11.88% | 85.95% | |
72 Outperform | ¥483.33B | 17.26 | 3.95% | 2.19% | 16.41% | 51.17% | |
72 Outperform | ¥357.65B | 14.25 | ― | 3.01% | 25.56% | 26.08% | |
71 Outperform | ¥374.76B | 13.81 | ― | 2.94% | 14.34% | 213.31% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ¥460.26B | 21.66 | ― | 1.50% | 18.76% | 15.43% | |
56 Neutral | ¥369.39B | 14.38 | 4.74% | 3.38% | 4.61% | 17.29% |
* Financial Sector Average
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Suruga Bank Corporate Events
Suruga Bank Extends Performance-Linked Trust Stock Incentive for Executives
May 14, 2026
Suruga Bank has resolved to continue its trust-type stock compensation system for executive directors and executive officers, aligning it with the new mid-term business plan covering fiscal years 2026 to 2028. The scheme, structured as a Board Inc...
Suruga Bank Extends ESOP-Based Share Incentive Plan for Executives
May 14, 2026
Suruga Bank has decided to continue its share-based remuneration scheme for executive employees, including heads of sales branches and headquarters, in a bid to deepen engagement, align management interests with shareholders and support long-term ...
Suruga Bank Posts Sharp Profit Rebound and Doubles Dividend
May 14, 2026
Suruga Bank reported a strong rebound in earnings for the fiscal year ended March 31, 2026, with ordinary income rising 20.6% to ¥109.9 billion and profit attributable to owners of the parent surging 72.1% to ¥34.7 billion. Return on equ...
Suruga Bank to Cancel 25 Million Treasury Shares to Reduce Share Count
Apr 24, 2026
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...
Suruga Bank Launches ¥12 Billion Share Buyback to Lift Capital Efficiency
Apr 24, 2026
Suruga Bank has approved a new share repurchase program as part of its strategy to improve shareholder returns while maintaining capital soundness and funding growth investments. The move aligns with the bank’s mid‑term business plan t...
Suruga Bank Lifts Profit Outlook and Announces Sharp Dividend Increase
Apr 24, 2026
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 r...
Suruga Bank Unveils Three-Year Mid-Term Plan With ROE and AI Efficiency Targets
Apr 24, 2026
Suruga Bank has approved a new three-year mid-term business plan for fiscal 2026 to 2028, building on its prior Re:Start 2025 Phase 2 program under which it expects to meet all key performance indicators. The new plan targets a consolidated return...
Suruga Bank Books Bond Sale Losses but Keeps Annual Profit Outlook Intact
Mar 26, 2026
Suruga Bank has disclosed that it will book securities-related losses for the fiscal year ending March 2026 as it continues to trim its bond portfolio, particularly long-term bonds carrying valuation losses. The bank expects full-year non-consolid...
Suruga Bank Wins ¥4.76 Billion Judgment Against Former Directors Over Founder-Linked Loans
Mar 15, 2026
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...
Suruga Bank Ex-Directors Appeal Ruling in Share House Loan Damages Case
Mar 3, 2026
Suruga Bank has disclosed that several former directors have appealed a court ruling that partially upheld the bank’s claims for damages linked to improper handling of share house-related loans. The appeal, filed with the Tokyo High Court on...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.