8358
Suruga Bank Ltd.
スルガ銀行株式会社
Financial Services · Banks - Regional
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, non-interest bearing, savings, foreign currency, and other deposits, as well as current and general accounts; property, card, housing, second house, startup, and business up term loans, as well as loans by purpose; credit and debit cards; overdrafts; and other financing products. It also provides investment trust, public bond, pension contribution, insurance, inheritance/trust, lottery, foreign currency, pay-easy, web direct, safe deposit box, external linkage, remittance service, fund management, e-combination, payment, nursing care/medical care/dispensing compensation receivable factoring, mortgage, and internet and telephone banking services. In addition, the company offers money lending, guarantee, printing, leasing, and agency services, as well as advisory and consulting services. Suruga Bank Ltd. company was incorporated in 1895 and is headquartered in Numazu, Japan.
Price
¥2,317
Market Cap
¥426.2B
Ent. Value
—
Net Cash
est
—
Shares Out.
183.9M
P / E
21.7×
EV / EBIT
—
P / Book
1.44×
P / NCAV
N/M
Div. Yield
1.25%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥3,462.3B | ¥3,560.7B | ¥3,639.9B | ¥3,590.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥28.9B | ¥31.9B | ¥33.3B | ¥35.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥906M | ¥1.0B | ¥1.2B | ¥1.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥9.5B | ¥13.4B | ¥16.0B | ¥18.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥6.4B | ¥7.1B | ¥15.3B | ¥14.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥3,166.4B | ¥3,265.6B | ¥3,368.9B | ¥3,325.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥284M | ¥282M | ¥293M | ¥292M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥206M | ¥248M | ¥211M | ¥1.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥295.8B | ¥295.1B | ¥271.0B | ¥264.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥30.0B | ¥30.0B | ¥30.0B | ¥30.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥4.6B | ¥2.0B | ¥2.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥263.8B | ¥267.2B | ¥255.0B | ¥245.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-13.3B | ¥-25.7B | ¥-18.1B | ¥-18.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥15.2B | ¥18.9B | ¥2.0B | ¥4.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥280.5B | ¥276.1B | ¥268.9B | ¥259.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥111M | ¥108M | ¥101M | ¥100M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,525 | ¥1,432 | ¥1,428 | ¥1,378 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥-208.5B | ¥-93.1B | ¥24.5B | ¥142.2B |
| Taxes Paid | ¥-3.1B | ¥-944M | ¥-289M | ¥1.5B |
| D&A | ¥6.0B | ¥5.2B | ¥5.4B | ¥5.6B |
| Goodwill Amort. | ¥129M | ¥129M | ¥129M | ¥129M |
| Investing CF | ¥-56.4B | ¥45.1B | ¥142.3B | ¥-210.8B |
| CapEx | ¥1.1B | ¥995M | ¥1.1B | ¥3.4B |
| Financing CF | ¥-15.9B | ¥-8.3B | ¥-1.1B | ¥-18.8B |
| Dividends Paid | ¥-5.4B | ¥-3.2B | ¥-1.1B | ¥-1.2B |
| Share Buybacks | ¥-10.5B | ¥-22.1B | ¥0M | ¥-17.7B |
| Free Cash Flow | ¥-209.6B | ¥-94.1B | ¥23.3B | ¥138.7B |
| Net Change in Cash | ¥-280.8B | ¥-56.2B | ¥165.7B | ¥-87.4B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 6.8% | 5.4% | 4.0% | 2.9% |
| ROA | 0.6% | 0.4% | 0.3% | 0.2% |
| EPS | ¥106.84 | ¥75.44 | ¥56.15 | ¥34.72 |
| DPS | ¥29.00 | ¥21.00 | ¥9.00 | ¥6.00 |
| BPS | ¥1,609.96 | ¥1,532.15 | ¥1,438.33 | ¥1,402.54 |
| FCF/Share | ¥-1,140 | ¥-488 | ¥124 | ¥737 |
| Payout Ratio | 27.1% | 27.8% | 16.0% | 17.3% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 22
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Credit Saison Co.,Ltd.
株式会社クレディセゾン
|
35,089 | 19.07% |
| 2 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
17,131 | 9.31% |
| 3 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
7,351 | 3.99% |
| 4 | INDUS SELECT MASTER FUND, LTD. (常任代理人 香港上海銀行東京支店) | 6,137 | 3.33% |
| 5 |
ARIAKE MASTER FUND
ARIAKE MASTER FUND (常任代理人 立花証券株式会社)
|
6,129 | 3.33% |
| 6 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
5,549 | 3.01% |
| 7 | 一般財団法人スルガ奨学財団 | 5,401 | 2.93% |
| 8 |
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505103 (常任代理人 株式会社みずほ銀行決済営業部)
|
4,332 | 2.35% |
| 9 |
MSCO CUSTOMER SECURITIES
MSCO CUSTOMER SECURITIES (常任代理人 モルガン・スタンレーMUFG証券株式会社)
|
4,087 | 2.22% |
| 10 |
Sompo Japan Insurance Inc.
損害保険ジャパン株式会社
|
4,029 | 2.19% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
12.3%
-2.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
2.4%
+0.3% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
37.1%
+0.6% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 51.7% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Credit Saison Co.,Ltd. 式会社クレディセゾン | — | 18.19% | 19.07% +0.88% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 11.78% | 10.93% | 9.31% -1.62% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 3.90% | 3.81% | 3.99% +0.18% | |
| ARIAKE MASTER FUND | — | 5.23% | 3.33% -1.90% | |
| INDUS SELECT MASTER FUND, LTD. NEW ENTRY | — | — | — | 3.33% NEW |
| Japan Custody Bank 日本カストディ銀行 | 6.15% | 3.45% | 3.01% -0.44% | |
| 一般財団法人スルガ奨学財団 | 2.86% | 2.80% | 2.93% +0.13% | |
| State Street | — | 2.04% | 2.35% +0.31% | |
| MSCO CUSTOMER SECURITIES | — | 1.96% | 2.22% +0.26% | |
| Sompo Japan Insurance Inc. 損害保険ジャパン | 3.94% | 3.12% | 2.19% -0.93% | |
| OKASAN SECURITIES GROUP INC. 式会社岡三証券グループ last seen 2024 | Exited Top 10 | 1.37% | 1.34% | — |
| 立花証券 last seen 2023 | Exited Top 10 | 4.91% | — | — |
| DFA INTL SMALL CAP VALUE PORTFOLIO last seen 2023 | Exited Top 10 | 1.55% | — | — |
| 住友不動産 last seen 2023 | Exited Top 10 | 1.26% | — | — |
| 三井住友海上火災保険 last seen 2023 | Exited Top 10 | 1.24% | — | — |
| Concentration (HHI) ⓘ | 247 | 531 | 521 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥50,919M
+227% since 2023
Holdings
24
+2 new
11 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥50,919M total | FY2023 ¥15,581M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Credit Saison Co.,Ltd.
株式会社クレディセゾン
|
29,000 |
NEW
New
8,224,700
|
— | M | |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産株式会社
|
5,167 |
924,000
|
2,755 | 924,000 | M |
|
Sompo Holdings, Inc.
SOMPOホールディングス株式会社
|
5,048 |
+200.0%
↑
1,116,600
|
1,954 | 372,200 | M |
|
Central Japan Railway Company
東海旅客鉄道株式会社
|
2,140 |
+400.0%
↑
750,000
|
2,371 | 150,000 | M |
|
OBAYASHI CORPORATION
株式会社大林組
|
1,984 |
1,000,221
|
1,013 | 1,000,221 | M |
|
MURAKAMI CORPORATION
株式会社村上開明堂
|
1,769 |
337,700
|
959 | 337,700 | M |
|
Sotetsu Holdings,Inc.
相鉄ホールディングス株式会社
|
1,149 |
525,123
|
1,190 | 525,123 | M |
|
MITSUI-SOKO HOLDINGS Co., Ltd.
三井倉庫ホールディングス株式会社
|
756 |
94,975
|
372 | 94,975 | |
|
Takasago Thermal Engineering Co., Ltd.
高砂熱学工業株式会社
|
559 |
100,749
|
212 | 100,749 | M |
| NIPPON EXPRESSホールディングス株式会社 | 527 |
+200.0%
↑
193,830
|
514 | 64,610 | M |
|
MAKIYA CO.,LTD.
株式会社マキヤ
|
514 |
489,800
|
343 | 489,800 | M |
|
MEIDENSHA CORPORATION
株式会社明電舎
|
453 |
105,000
|
201 | 105,000 | M |
|
The Hyakugo Bank, Ltd.
株式会社百五銀行
|
428 |
583,000
|
216 | 583,000 | M |
|
SEIBU HOLDINGS INC.
株式会社西武ホールディングス
|
419 |
NEW
New
127,000
|
— | M | |
|
KAJIMA CORPORATION
鹿島建設株式会社
|
386 |
126,864
|
202 | 126,864 | M |
|
OKASAN SECURITIES GROUP INC.
株式会社岡三証券グループ
|
262 |
395,225
|
186 | 395,225 | M |
|
TOKYU CORPORATION
東急株式会社
|
126 |
74,832
|
131 | 74,832 | M |
|
SALA CORPORATION
株式会社サーラコーポレーション
|
79 |
91,650
|
69 | 91,650 | |
|
DAYTONA CORPORATION
株式会社デイトナ
|
75 |
20,000
|
65 | 20,000 | |
|
Oki Electric Industry Company, Limited
沖電気工業株式会社
|
42 |
43,000
|
30 | 43,000 | M |
|
Mitsui Fudosan Co., Ltd.
三井不動産株式会社
|
30 |
+200.0%
↑
22,572
|
18 | 7,524 | |
|
Toyo Asano Foundation Co.,Ltd.
株式会社トーヨーアサノ
|
3 |
-94.4%
↓
1,800
|
49 | 31,900 | |
|
Secom Co., Ltd.
セコム株式会社
|
3 |
+100.0%
↑
644
|
2 | 322 | M |
| 株式会社アイテック | — | — | M | ||
|
FUJI KYUKO CO., LTD.
富士急行株式会社
|
— |
−100%
Exit
—
|
1 | 235 | M |
|
Nomura Holdings Inc.
野村ホールディングス株式会社
|
— |
−100%
Exit
—
|
1 | 3,307 | M |
|
Iyogin Holdings,Inc.
株式会社いよぎんホールディングス
|
— |
−100%
Exit
—
|
958 | 1,274,000 | |
|
KOKUYO CO.,LTD.
コクヨ株式会社
|
— |
−100%
Exit
—
|
555 | 296,000 | |
|
SAPPORO HOLDINGS LIMITED
サッポロホールディングス株式会社
|
— |
−100%
Exit
—
|
415 | 122,013 | M |
|
Odakyu Electric Railway Co.,Ltd
小田急電鉄株式会社
|
— |
−100%
Exit
—
|
342 | 199,406 | |
|
SEIBU HOLDINGS INC.
西武ホールディングス株式会社
|
— |
−100%
Exit
—
|
172 | 127,000 | M |
|
The Toho Bank, Ltd.
株式会社東邦銀行
|
— |
−100%
Exit
—
|
147 | 680,000 | |
|
The Ogaki Kyoritsu Bank, Ltd.
株式会社大垣共立銀行
|
— |
−100%
Exit
—
|
91 | 51,300 | M |
|
NISSHIN SEIFUN GROUP INC.
株式会社日清製粉グループ本社
|
— |
−100%
Exit
—
|
46 | 30,000 | |
|
Keikyu Corporation
京浜急行電鉄株式会社
|
— |
−100%
Exit
—
|
1 | 1,398 | |
| Portfolio total | 50,919 | 15,581 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding