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Suruga Bank, First Half Ordinary Profit Increases by 29%

Thu Nov 13, 2025 2:00 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 November 13th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 29.1% from the same period last year, reaching 16.7 billion yen. Progress toward the full-year plan of 31.0 billion yen was 54.0%, it was below the five-year average of 99.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 8.1% from the same period last year, reaching 14.2 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 87.6% from the same period last year, reaching 10.0 billion yen.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 43,994 ー 12,855 9,589 46.8 62.3 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 42,583 ー 12,962 11,084 57.9 49.6 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 52,316 ー 16,736 15,826 88.6 54.0 Nov 13, 2025 J-GAAP
YoY +22.9% － +29.1% +42.8% +52.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 52,300 ー 16,700 15,800 91.8 22 Nov 7, 2025 J-GAAP
Apr - Sep, 2025 Results 52,316 ー 16,736 15,826 88.6 22 Nov 13, 2025 J-GAAP
Revision Rate +0.0% － +0.2% +0.2% -3.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 48,509 ー 13,197 9,093 48.2 14.50 May 12, 2025 J-GAAP
Oct - Mar, 2025 Guidance ー ー 14,264 9,174 53.6 22 Nov 13, 2025 J-GAAP
YoY － － +8.1% +0.9% +11.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 91,447 ー 20,641 15,375 75.4 21 May 10, 2024 J-GAAP
Mar, 2025 91,092 ー 26,159 20,177 106.8 29 May 12, 2025 J-GAAP
Mar, 2026 Guidance ー ー 31,000 25,000 146.1 44 Nov 7, 2025 J-GAAP
YoY － － +18.5% +23.9% +36.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 20,297 ー 5,368 4,274 22.3 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 25,082 ー 9,343 7,281 38.4 0.0 Feb 6, 2025 J-GAAP
Jan - Mar, 2025 23,427 ー 3,854 1,812 9.6 0.0 May 12, 2025 J-GAAP
Apr - Jun, 2025 26,020 ー 6,667 5,448 29.9 0.0 Aug 7, 2025 J-GAAP
Jul - Sep, 2025 26,296 ー 10,069 10,378 58.1 0.0 Nov 13, 2025 J-GAAP
YoY +29.6% － +87.6% +142.8% +160.1%

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