February 4, 2014

SURUGA Bank LTD.
Consolidated Financial Results for Third Quarter of Fiscal Year Ending March 31, 2014
<under Japanese GAAP>
Stock Exchange:
URL:
Representative:

Tokyo (code: 8358)
http://www.surugabank.co.jp
President Mitsuyoshi Okano(Japanese yen amounts of less than one million and the first decimal place have been rounded down.)

1. Consolidated Financial Results (for the nine months ended December 31, 2013)(1) Operating Results(Unit: Millions of Yen, %: Changes from corresponding period of the previous fiscal year)

Ordinary Income

Ordinary Profit

Net Income

Third Quarter
Ended December 31, 2013

88,145

7.5%

34,113

31.4%

20,86035.1%

Ended December 31, 2012

81,9882.3%

25,95516.5%

15,43335.7%(Note1) Comprehensive Income: Third quarter ended December 31, 2013:\26,052 million (54.9%); Third quarter ended December 31, 2012:\16,811 million(63.5%)(Note2) Percentages shown in Ordinary Income, Ordinary Profit and Net Income and Comprehensive Income are the increase (decrease) from the same period
pervious year.

Net Income per ShareNet Income per Share(Diluted)

Third Quarter
Ended December 31, 2013\88.24\88.13

Ended December 31, 2012

\65.47―(2) Financial Position(Unit: Millions of Yen, except percentages)
Total Assets

Total Net Assets

Own Capital Ratio

December 31, 2013

3,905,577

245,571

6.2%

March 31, 2013

3,769,657

222,450

5.8%(Reference) Own Capital: December 31, 2013: \243,395 million; March 31, 2013: \219,990 million(Note) Own Capital Ratio = (Total Net Assets – Subscription Rights to Shares – Minority Interests) / Total Assets * 100

2. Dividend on Common Stock
Annual Cash Dividends par Share
1st Quarter-End

2nd Quarter-End

3rd Quarter-End

Fiscal Year-End

Fiscal year ended March 31, 2013―\6.50―\8.50\15.00Fiscal year ending March 31, 2014―\7.50―\7.50\15.00Fiscal year ending March 31, 2014
(Forecasts)

Total(Note) Revision of forecasts for dividends for quarter in review: No

3. Earnings Forecasts (for the fiscal year ending March 31, 2014)

Fiscal year ending March 31, 2014

Ordinary Income

Ordinary Profit

115,000

38,000

3.3%

4.8%(Unit: Millions of Yen, except per share data)
Net Income perNet Income
Share
23,1008.7%(Note1) Percentages shown in Ordinary Income, Ordinary Profit and Net Income are the increase (decrease) from the same period pervious year.
(Note2) Revision of earnings forecasts for quarter in review: No\97.66

※Note(1) Changes in the scope of consolidated significant subsidiaries during the nine months ended December 31, 2013: No(2) Adoption of simplified accounting methods for the preparation of quarterly consolidated financial statements: Yes
Note: For details, please refer to the “Adoption of particular accounting methods for quarterly consolidated financial statements” in the section 2. Items
regarding summary information (notes) on page 3.

(3) Changes in accounting standards, accounting estimates, and restatements.
(A) Changes due to revision of accounting standards:

No(B) Changes due to reasons other than (A):No

(C) Changes in accounting estimates:

No(D) Restatements:

No(4) Number of common shares issued at the end of period(A) Number of stocks issued (including treasury stocks):

December 31, 2013

258,139,248 shares

March 31, 2013

(B) Number of treasury stocks:

December 31, 201321,615,610 shares

March 31, 2013

258,139,248 shares
22,361,833 shares(C) Average outstanding stocks for the nine months ended:

December 31, 2013

236,386,832 shares

December 31, 2012

235,709,239 shares（Statement relating to the status of the quarterly review procedures）
This quarterly report is not subject to the quarterly review procedures, which are based on the Financial Instruments and Exchange Law.
The audit procedures are not finished at the time of release of these financial statements.

(Notes for using forecasts information etc,)
The description of future performance of this report is based on information, which is presently available and certain assumptions which are considered to bereasonable, and it does not guarantee future performance. Please take note that future performance may differ from forecasts. Regarding the assumptions forfinancial forecasts of this report, please refer to P2 of attached documents.

SURUGA bank LTD.

[Attachment]○ Contents of the attachment
１．Qualitative information ........................................................................................................................ 2(1) Description of business performance ................................................................................................... 2(2) Description of financial position ............................................................................................................ 2(3) Description of forward-looking information such as consolidated earnings forecast................... 2
2. Items regarding summary information (notes) ......................................................................................... 3(1) Adoption of particular accounting methods for quarterly consolidated financial statements ...... 3
3. Quarterly consolidated financial statements ............................................................................................. 4(1) Quarterly consolidated balance sheets ................................................................................................ 4(2) Quarterly consolidated statements of income and quarterly consolidated statements ofcomprehensive income ................................................................................................................................ 5(3) Explanatory notes regarding the going concern assumption ........................................................... 7(4) Note for Material Changes in Shareholders’ Equity ............................................................................ 71

SURUGA bank LTD.

１．Qualitative information(1) Description of business performanceWith regard to the profit and loss situation on a consolidated basis ordinary income was up¥6.157 billion from the same period of the previous year to ¥88.145 billion owing to factors
such as gains from increase in interest on loans and discounts.
Ordinary expenses totaled ¥54.031 billion, down ¥2.002 billion year-on-year owing tofactors such as decrease in loan-loss allowance.
As a result, ordinary profit increased ¥8.158 billion from a year earlier to ¥34.113 billion.
Net income during the period performed a year-on-year increase of ¥5.427 billion to¥20.860 billion.
(2) Description of financial position
The balance of deposits was up ¥112.940 billion to ¥3.623031 trillion from the end of theprevious fiscal year, as the balance of individual deposits grew ¥ 190.596 billion.
With regard to our main accounts on a consolidated basis at the end of the period, balanceof loans and bills discounted totaled ¥2.836424 trillion, up ¥ 81.523 billion from the same
period of the previous year as the personal loan balance (non-consolidated) increased¥100.626 billion.
Balance of securities totaled ¥216.607 billion, down ¥14.185 billion compared to the end of
the previous fiscal year.
(3) Description of forward-looking information such as consolidated earnings forecast
There is no change in forecasts for the year ending March 31, 2014 from the figures published on November 8,2013.
Consolidated
Full year
Ordinary income

115,000 million yen

Ordinary profit

38,000 million yen

Net income

23,100 million yen

Non-consolidated
Full year
Ordinary income

106,000 million yen

Net business profit

43,000 million yen

Ordinary profit

37,500 million yen

Net income

23,000 million yen

Credit-related expenses in real terms

4,000 million yen(Note) The earnings forecast was created based on the information available as of the date of thisannouncement and actual results may differ from the forecast figures owing to various factors in the future.

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SURUGA bank LTD.

2. Items regarding summary information (notes)(1) Adoption of particular accounting methods for quarterly consolidated financial statements
The Company calculates tax expenses for the Company and its consolidated subsidiaries
by multiplying a reasonably estimated effective tax rate by net income before taxes forthe current quarter.

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SURUGA bank LTD.

3. Quarterly consolidated financial statements(1) Quarterly consolidated balance sheets
Millions of Yen

AssetsCash and due from banks
Call loans and bills bought
Trading account securities
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Lease receivables and investment assets
Other assets
Tangible fixed assets
Intangible fixed assets
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total assets
Liabilities
Deposits
Borrowed money
Foreign exchanges
Other liabilities
Provision for bonus
Provision for directors' bonus
Provision for retirement benefits
Provision for directors’ retirement benefits
Provision for reimbursement of deposits
Provision for contingent loss
Deferred tax liabilities
Acceptances and guarantees
Total liabilities
Net assets
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Total accumulated other comprehensive income
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets

4

As of Mar. 31, 2013

As of Dec. 31, 2013

109,970570,06434
1,000
230,792
2,754,901
3,927
5,652
38,635
48,95323,9197,917
4,170△30,282
3,769,657

375,717362,47450959
216,6072,836,424
3,718
5,543
44,91249,00029,566
5,247
4,184△28,828
3,905,577

3,510,091
3,265
17
25,024
648
80
261
2,701
274
552
119
4,170
3,547,207

3,623,031
2,595
33
25,961
5
－
271
2,851
263
606
202
4,184
3,660,006

30,043
19,547
179,511△17,194
211,908
8,097
△15
8,082
784
1,675
222,450
3,769,657

30,043
20,223
196,594△16,658
230,203
13,202△9
13,192
418
1,756
245,571
3,905,577

SURUGA bank LTD.

(2) Quarterly consolidated statements of income and quarterly consolidated statements ofcomprehensive income
Millions of Yen

Ordinary income
Interest income(Interest on loans and discounts)(Interest and dividends on securities)
Fees and commissions
Other ordinary income
Other income
Ordinary expenses
Interest expenses(Interest on deposits)
Fees and commissions payments
Other ordinary expenses
General and administrative expenses
Other expenses
Ordinary profit
Extraordinary income
Gain on disposal of noncurrent assets
Reversal of subscription rights to shares gain
Extraordinary loss
Loss on disposal of noncurrent assets
Income before income taxes and minority interestsTotal income taxes
Income before minority interests
Income attributable to minority interests
Interim net income

5

Nine months ended
Dec. 31, 2012

Nine months ended
Dec. 31, 2013

81,98868,19866,725
923
9,066
3,345
1,377
56,033
2,285
2,227
9,855
2,322
34,082
7,488
25,955
20
20
－141
141
25,834
10,28915,545111
15,433

88,14574,72872,371
1,750
9,154
2,895
1,366
54,031
2,544
2,500
9,377
2,828
34,292
4,988
34,113
140
51
88
182
182
34,071
13,166
20,90544
20,860SURUGA bank LTD.

Quarterly consolidated statements of comprehensive income
Millions of Yen

Nine months ended
Dec. 31, 2012

Nine months ended
Dec. 31, 2013

15,54520,905

Valuation difference on available-for-sale securities

1,353

5,142

Deferred gains or losses on hedges

△875

1,266

5,147

16,811

26,052

16,68725,971

124

81

Income before minority interests
Other comprehensive income

Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests

6SURUGA bank LTD.

(3) Explanatory notes regarding the going concern assumption
There is no applicable item.

(4) Note for Material Changes in Shareholders’ Equity
There is no applicable item.

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