Suruga Bank cuts holder stake to 9.98 percent. Suruga stock has JPY 470.4 billion market value

Published on 10/19/2026 at 04:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Indus Capital's voting rights fell from 11.15 percent to 9.98 percent on October 8, 2026. Suruga stock had JPY 470.5 billion market value on October 16, 2026.

Shareholder change and earnings outlook

Indus Capital's voting rights fell to 9.98 percent on October 8, 2026.
Suruga Bank raised fiscal 2027 ordinary profit guidance to JPY 56.0 billion on September 30, 2026.
Suruga Bank had a JPY 470.4 billion market value on October 16, 2026.

Suruga, JP3166800007, Illustration mit AI erstellt.

Suruga Bank (JP3166800007) disclosed on October 8, 2026, that Indus Capital Partners LLC had reduced its voting rights from 11.15 percent to 9.98 percent, according to Japan IR. The change came after Suruga Bank raised its fiscal 2027 earnings and dividend outlook in September.

Three dated signals for Suruga

On September 30, 2026, Suruga Bank raised its fiscal 2027 consolidated ordinary profit forecast from JPY 47.5 billion to JPY 56.0 billion and lifted its annual dividend forecast from JPY 60 to JPY 80, Japan IR reported. The revision also set fiscal 2027 first-half consolidated ordinary profit at JPY 34.0 billion, up from JPY 25.0 billion.

On October 1, 2026, the effective date of the shareholder change, Indus Capital's voting rights stood at 170,836 units after the reduction from 190,724 units. On October 8, 2026, the bank disclosed the change, with the voting-rights ratio moving to 9.98 percent from 11.15 percent, according to Japan IR.

What does 9.98 percent mean?

The filing changes the ownership profile but does not alter the earnings guidance. For investors, the more quantifiable operating signal is the JPY 8.5 billion increase in full-year ordinary profit guidance, while the annual dividend forecast rose by JPY 20 per share.

Tokyo valuation sets the context

Suruga Bank's primary listing is on the Tokyo Stock Exchange. Its stock was quoted at JPY 2,796 at 10:48 a.m. JST on October 19, 2026, down 0.89 percent from the previous Tokyo close. The 52-week range was JPY 1,473.00 to JPY 3,045.00, placing the quote below the yearly high. Japan IR listed market capitalization at JPY 470.4 billion on October 16, 2026.

Suruga Bank's latest reported quarter ended June 30, 2026. Net income was JPY 14.1 billion and basic earnings per share were JPY 82.70 for fiscal 2027 first quarter, according to the structured financial record for the company. The combination of higher profit guidance, a larger dividend forecast and the shareholder change gives the stock three separate items for investors to track.

Stock context after the disclosure

The Tokyo quote, the JPY 56.0 billion ordinary profit forecast and the JPY 80 annual dividend forecast frame Suruga Bank as a regional lender with a stronger fiscal 2027 earnings outlook. The ownership change is material because the disclosed voting-rights ratio moved below 10 percent.

Suruga Bank was quoted at JPY 2,796 on the Tokyo Stock Exchange on October 19, 2026 at 10:48 a.m. JST, with a 52-week range of JPY 1,473.00 to JPY 3,045.00.