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Suruga Bank, Last Fiscal Year's Ordinary Profit Exceeds Expectations, 5% Increase in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 8 yen

Mon May 12, 2025 2:10 pm JST Earnings

8358 Suruga Bank Ltd. 【J-GAAP】

Earnings Report

Suruga Bank Ltd. <8358> [TSE Prime] announced its financial results in the afternoon session on May 12th (14:10). The consolidated ordinary profit for the fiscal year ending March 2025 increased 26.7% from the previous period to 26.1 billion yen, exceeding the previous forecast of 22 billion yen. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to grow by 5.1% to 27.5 billion yen. This will be the fourth consecutive term of profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 37 yen, an increase of 8 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 32.5% from the same period last year, reaching 3.85 billion yen.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 92,403 13,266 10,576 56.2 9 May 12, 2023 J-GAAP
Mar, 2024 91,447 20,641 15,375 75.4 21 May 10, 2024 J-GAAP
Mar, 2025 91,092 26,159 20,177 106.8 29 May 12, 2025 J-GAAP
YoY -0.4% +26.7% +31.2% +41.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 22,000 17,500 94.4 29 Nov 12, 2024 J-GAAP
Mar, 2025 Results 91,092 26,159 20,177 106.8 29 May 12, 2025 J-GAAP
Revision Rate +18.9% +15.3% +13.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 42,583 12,962 11,084 57.9 14.50 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 Guidance 12,000 10,000 57.0 18.50 May 12, 2025 J-GAAP
YoY -7.4% -9.8% -1.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 91,447 20,641 15,375 75.4 21 May 10, 2024 J-GAAP
Mar, 2025 91,092 26,159 20,177 106.8 29 May 12, 2025 J-GAAP
Mar, 2026 Guidance 27,500 22,000 128.5 37 May 12, 2025 J-GAAP
YoY +5.1% +9.0% +20.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 24,031 2,908 1,878 9.2 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 22,286 7,594 6,810 35.4 0.0 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 20,297 5,368 4,274 22.3 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 25,082 9,343 7,281 38.4 0.0 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 23,427 3,854 1,812 9.6 0.0 May 12, 2025 J-GAAP
YoY -2.5% +32.5% -3.5% +4.1%

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