Suruga Bank's earnings for the quarter through June 2026 jumped further than its loan book alone would suggest. Ordinary profit more than tripled to ¥20.5bn, up 207.7% year-on-year, while net profit attributable to shareholders rose 158.5% to ¥14.1bn. Ordinary revenue rose 42.6% to ¥37.1bn, from ¥26.0bn a year earlier.
| Metric | Apr-Jun 2026 | Apr-Jun 2025 | YoY Change |
|---|---|---|---|
| Ordinary revenue | ¥37.1bn | ¥26.0bn | +42.6% |
| Ordinary profit | ¥20.5bn | ¥6.7bn | +207.7% |
| Net profit attributable to parent | ¥14.1bn | ¥5.4bn | +158.5% |
The bank attributes much of the gain to higher interest income from lending, a swing into credit-provision reversals, and smaller losses on government bond redemptions. On a non-consolidated basis, Suruga booked ¥8.2bn in reserve reversal gains this quarter, against none a year earlier, which pushed its "real credit cost" line to negative ¥8.7bn: the bank recovered more from bad-debt reserves than it set aside.
Lending grew modestly. Loans outstanding rose ¥12.1bn from the fiscal year-end to ¥2.41tn, while deposits fell ¥6.9bn to ¥3.19tn.
Despite the strong quarter, Suruga left its full-year guidance untouched: ordinary profit of ¥47.5bn and net profit of ¥32bn, with an annual dividend of ¥60 per share, unchanged from the forecast published on 14 May 2026.
The quarter also carried a capital-structure footnote: on 24 April 2026 Suruga's board cancelled 25 million treasury shares, cutting capital surplus and treasury stock by ¥29.0bn each.
Reserve reversals and lower bond losses do not repeat automatically each quarter, and Suruga's own guidance shows management is not yet banking on a full-year beat.