TOKYO, Apr 24 (Pulse News Wire) – Suruga Bank Ltd. (8358.T) unveiled its mid-term plan covering fiscal years 2026 through 2028, aiming to achieve a consolidated ROE of more than 11.0% by 2028.
The bank plans to deepen its eight strategic initiatives, enhance profitability, and pursue sustainable growth across five profit centers, including alliances with Credit Saison. Key strategies involve expanding customer relationships, improving asset management, and leveraging AI for operational efficiency gains equivalent to approximately 500,000 hours. Under the new plan, Suruga Bank targets a consolidated operating profit of ¥52.50 billion and a core business gross income of ¥77.00 billion.
The bank also aims to maintain a tangible equity ratio within the range of 9.5% to 10.5%. Additionally, Suruga Bank intends to reduce non-strategic holdings to account for 2.5% of total assets by 2028. In terms of shareholder returns, the bank plans to implement stable dividend policies aligned with performance and capital conditions, while considering opportunities for growth investments and market dynamics.
Suruga Bank expects to distribute annual dividends per share of ¥60, up from the previously forecasted amount of ¥44.
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