May 10, 2022
To whom it may concern:
Name of Company:
Suruga Bank, Ltd.
Name of Representative: Director and President: Kosuke Saga
(Code No. 8358 Prime Section of Tokyo
Stock Exchange)
Contact Person:
Senior Executive Officer General Managerof General Management Planning
Headquarters:
Tatsuya Akita(TEL 03-3279-5536)

Notice of Revision to Earnings and Dividend Forecasts
In light of its recent business performance and other factors, Suruga Bank, Ltd. announces that the Company
has revised its earnings forecast and dividend forecast announced on February 10, 2022.
Note
1. Revision of earnings forecast
Revision of full-year consolidated earnings forecast for the fiscal year ended March 31, 2022 (April 1, 2021 March 31, 2022)

Ordinary income

Ordinary profit

Profit attributableto owners ofparent

Previous forecast (A)Millions of yen
87,000Millions of yen
8,000

Millions of yen
7,000

Yen
30.21

Revised forecast (B)92,00010,500

7,900

34.46

Change (B - A)

5,000

2,500

900

Percent change(Reference) Results for theprevious period(Fiscal year ended March2021)

5.7%

31.2%

12.8%

99,791

23,113

21,433

Earnings pershare

92.52

Revision of full-year non-consolidated earnings forecast for the fiscal year ended March 31, 2022 (April 1, 2021
- March 31, 2022)

Previous forecast (A)Ordinary income

Ordinary profit

Millions of yen
78,000Millions of yen
7,000

Net income
Millions of yen
6,000

Earnings pershareYen
25.89

Revised forecast (B)83,60010,0007,800

Change (B - A)

5,600

3,000

1,800

Percent change(Reference) Results for theprevious period(Fiscal year ended March2021)

7.1%

42.8%

30.0%

89,217

19,982

18,941

34.03

81.76

Reasons for revision
The consolidated and non-consolidated earnings forecasts have been revised because, on a non-consolidated
basis, the bank's net interest income is expected to exceed the previous forecast and expenses are expected tofall below the previous forecast.
(Reference)
Full-year non-consolidated earnings forecast for the fiscal year ended March 31, 2022 (Billions of yen)
Revised forecast

Previous forecast

ChangeOrdinary income

83.6

78.0

5.6

Gross operating profit

65.3

64.0

1.3

Expenses

39.7

41.0

(1.3)

Core net operating profit

25.0

23.0

2.0

Net operating profit

36.1

23.0

13.1

Ordinary profit10.0

7.0

3.0

Net income

7.8

6.0

1.8

Actual credit costs

16.0

16.0－

2. Details of revision to dividend forecast
Dividends per share
1st quarter-end 2nd quarter-end
Yen

3rd quarter-end

Yen

Yen

Fiscal yearend

Total

Yen

Yen

5.00

5.00

6.00

6.00

5.00

5.00

Previous forecast(Announced February 10,－0.00－2022)
Revised forecast
Current fiscal year results

－0.00

－－

0.00

－

Previous fiscal year results(Fiscal year ended March2021)

Reasons for revision
The Company's basic policy is to strive to increase internal reserves in order to further strengthen its
management structure while simultaneously returning profits to its shareholders through the payment of stabledividends. Taking into comprehensive consideration future performance trends, internal reserves, and thebusiness environment, the Company decided to increase the year-end dividend by 1 yen to 6 yen per share.
The Company will continue to strengthen its financial position and aggressively pursue the return of profits
to its shareholders as an important management issue.
(Note) The above performance forecasts are based on information currently available to the Company and on
certain assumptions deemed to be reasonable. Actual performance may differ.
(End of document)