TOKYO, Apr 24 (Pulse News Wire) – Suruga Bank Ltd. (8358.T) announced today that its board of directors approved a share repurchase plan aimed at enhancing capital efficiency and shareholder value.
The decision was made based on the bank's mid-term management plan, which targets a consolidated ROE of 11.0% or higher and a tangible equity ratio of around 10% by fiscal year 2028. Under the plan, Suruga Bank intends to repurchase up to 5,000,000 shares, representing 2.92% of outstanding shares excluding treasury stock. The total amount allocated for the repurchase is capped at ¥12.00 billion. The repurchase period will run from May 15, 2026, to December 31, 2026.
This initiative reflects the bank’s commitment to balancing capital health and growth investments while strengthening shareholder returns. The move also aligns with the bank’s strategy to optimize capital allocation and sustainably enhance shareholder value. As of April 24, 2026, Suruga Bank had a total of 197,139,248 outstanding shares, excluding treasury stock. The current holdings of treasury stock stand at 25,893,470 shares, excluding shares held by the executive compensation trust fund and employee stock option program trusts.
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