Suruga Bank Ltd. (8358) Stock Price

Suruga Bank provides diverse financial services centered on banking operations. Its main business segments include deposit services, lending services, domestic remittance services, and over-the-counter sales of securities, investment trusts, and insurance. Through these operations, the bank actively works to expand its transaction base.

Suruga Bank's group companies include Suruga Staff Service Co., Ltd., Direct One Co., Ltd., API Co., Ltd., Suruga Card Co., Ltd., Suruga Capital Co., Ltd., and Suruga Computer Service Co., Ltd. Each of these companies provides different financial services.

Specifically, Suruga Staff Service Co., Ltd. handles personnel dispatch services, while Direct One Co., Ltd. engages in lending, leasing, and guarantee services. API Co., Ltd. is responsible for printing services, and Suruga Card Co., Ltd. operates credit card services.

Additionally, Suruga Capital Co., Ltd. conducts investment operations, and Suruga Computer Service Co., Ltd. provides administrative processing outsourcing and system development services. Through these operations, the Suruga Bank Group is positioned to meet diverse financial needs.

As of April 1, 2025, Suruga Staff Service Co., Ltd. was absorbed and merged into Suruga Computer Service Co., Ltd., and the combined entity changed its corporate name to Suruga Business Solution Co., Ltd. This merger aims to achieve further operational efficiency and service expansion.

Suruga Bank upholds the corporate philosophy "We want to be a presence that people are glad to have met," prioritizing customer-centric operations. This philosophy was developed primarily by young and mid-career employees and aims to address customer challenges while providing unique added value. The bank is also committed to fostering a corporate culture that values employees and their families.

Suruga Bank's medium-term management plan "Re:Start 2025" aims to deliver distinctive value centered on retail banking while pursuing improved customer satisfaction and employee engagement. The bank is strengthening compliance and risk management while building a sustainable business model.

From April 2023, the bank launched "Re:Start 2025 Phase 2," positioning the evolution of retail solutions business, construction of a sustainable revenue structure, and risk-taking and risk diversification as core management strategies. Through these initiatives, the bank is actively advancing its return to growth.

The sales division has been reorganized into four profit centers: "Community Bank," "Direct Bank," "Greater Tokyo and Regional Bank," and "Market Finance Division," with each business segment showing steady growth. The bank is enhancing community-based services and non-face-to-face transaction offerings to provide customer-focused services.

Through a capital and business alliance with Crédit Saison, collaboration is advancing in real estate finance, housing loans, and credit card businesses. Leveraging both companies' retail expertise, the bank aims to solve challenges in the financial sector. Going forward, the bank will continue pursuing the creation of a "Neo Finance Solution Company" for further growth.

In human capital investment, the bank supports employee engagement through age 70, promoting diversity and career development support. Additionally, the bank is actively investing in IT platforms and digital transformation (DX) to achieve sustainable growth.