Suruga Bank (8358) Earnings: Ordinary Profit Surges 207.7% YoY to 20.52 Billion Yen with Net Profit Up 158.5%

Suruga Bank (8358) has released its financial results, reporting ordinary profit of 20.521 billion yen, a 207.7% increase year-on-year. Ordinary revenue stood at 37.105 billion yen (a 42.6% increase year-on-year), net income attributable to owners of the parent rose 158.5% to 14.086 billion yen, and comprehensive income increased by 34.5% to 14.475 billion yen. Earnings per share (EPS) stood at 82.7 yen.

From a financial and valuation perspective, the capital adequacy ratio (equity ratio) was 9.2%, and retained earnings reached 270.66 billion yen. While operating cash flow was -148.14 billion yen and free cash flow was -229.83 billion yen, the company maintained a solid liquidity position with 430.50 billion yen in cash and cash equivalents. Overall, the results highlight a strong recovery in core profitability.