Suruga Bank, listed on the Tokyo Stock Exchange Prime market under code 8358, said New York-based Indus Capital Partners, LLC has raised its stake in the bank to 11.15% of voting rights from 9.38%. The increase took effect July 1, 2026; Suruga Bank recognized the change after Indus Capital filed an amended large shareholding report with the Kanto Local Finance Bureau on July 8.
Indus Capital's holding rose to 19,072,400 shares, or 190,724 voting rights, from 17,516,300 shares (175,163 voting rights).
| Metric | Before (Dec 13, 2024) | After (July 1, 2026) |
|---|---|---|
| Voting rights (shares) | 175,163 (17,516,300 shares) | 190,724 (19,072,400 shares) |
| Ownership ratio | 9.38% | 11.15% |
The prior 9.38% figure was calculated against Suruga's total voting rights as of September 30, 2024 (1,867,201); the new 11.15% figure uses the total as of March 31, 2026 (1,710,132), which itself fell over the period.
Suruga Bank was explicit about what it does not know. It said it has not confirmed the actual beneficial ownership behind Indus Capital's reported stake, and it did not disclose where the fund now ranks among its largest shareholders. The bank added that, because the notice rests entirely on Indus Capital's own regulatory filing, it has nothing further to report on outlook.