May 12,
12, 2015
2015

SURUGA Bank LTD.
Consolidated Financial Results for the fiscal
fiscal year ended March 31, 2015
<under Japanese GAAP>
Stock Exchange:
Tokyo (code:8358)
URL:
http://www.surugabank.co.jp
Representative:
President Mitsuyoshi Okano
Date of Payment of Year-End Dividends: June 2, 2015
(Japanese yen amounts of less than one million and the first decimal place have been rounded down.)

1. Consolidated Financial Results (for fiscal year ended March 31, 2015)(1) Operating Results(Unit: Millions of Yen, except per share data and percentages)
Ordinary Income

Ordinary Profit

Net Income

March 31, 2015

131,1148.0%

53,40515.8%

32,891

19.1%

March 31, 2014

121,292

9.0%

46,11027.2%

27,607

29.9%

Fiscal year ended(Note1) Comprehensive Income: Fiscal year ended March 31, 2015:\45,662million (49.1%); Fiscal year ended March 31, 2014:\30,605 million (7.9%)(Note2) Percentages shown in Ordinary Income, Ordinary Profit and Net Income and Comprehensive Income are the increase (decrease) from the same periodprevious year.

Net Income per
Share

Net Income per
Share(Diluted)

Return on Equity

Ordinary Profit
on Total Assets

Ordinary Profit
on Ordinary
IncomeMarch 31, 2015

\138.82\138.64

12.1%

1.2%

40.7%

March 31, 2014\116.76\116.60

11.7%

1.1%

38.0%

Fiscal year ended(Reference) Equity in earnings (losses) of affiliates: Fiscal year ended March 31, 2015: \65million; Fiscal year ended March 31, 2014: (\27million)(2) Financial Position(Unit: Millions of Yen, except percentages)
Total Assets

Total Net Assets

Own Capital Ratio

Net Assets per ShareMarch 31, 2015

4,284,990

292,1286.7%

1,222.40

March 31, 2014

4,098,552

251,816

6.0%

1,055.00(Reference) Own Capital: March 31, 2015: \290,056 million; March 31, 2014: \249,595 million(Note) Own Capital Ratio = (Total Net Assets – Subscription Rights to Shares – Minority Interests) / Total Assets * 100(3) Cash Flows
Cash Flows fromOperating activities

Cash Flows from
Investing activities

Cash Flows from
Financing activities(Unit: Millions of Yen)
Cash and cash
equivalents at year-end

Fiscal year ended
March 31, 2015

98,740△893△3,301

792,033

March 31, 2014

589,220

5,076△2,821

697,472

2. Dividends on Common Stock
1st
Quarter-End

Annual Cash Dividends par Share
2nd
3rd
FiscalQuarter Quarter
Year
-End
-End
-End

Total

Fiscal year

Total Cash
Dividends(Annual)Dividends
Pay-out Ratio(Consolidated
basis)

Dividends on
Net Assets(Consolidate
basis)

Million yen

Ended March 31, 2014

―

\7.50

―

\9.50

\17.00

4,021

14.5%

1.7%

Ended March 31, 2015

―

\8.50

―

\11.50\20.00

4,743

14.4%

1.7%

Ending March 31, 2016
(Forecasts)

―

\9.50

―

\9.50

\19.0012.7%(Note) Details of dividends for the fiscal year-end of the fiscal year ended March 31 2015:(a)Ordinary dividends: \10.50 (b)Commemorative dividends: \1.00

3. Earnings Forecasts (for the fiscal year ending March 31, 2016)(Unit: Millions of Yen, except per share data)
Net Income per
Net Income
Share

Ordinary Income

Ordinary Profit

Six month ending September 30, 2015

67,5006.8%

26,9009.2%

17,60014.5%\74.17

Fiscal year ending March 31, 2016

134,500

2.5%

53,400（0.0%）

35,3007.3%\148.76(Note) Percentages shown in Ordinary Income, Ordinary Profit and Net Income are the increase (decrease) from the same period previous year.

SURUGA bank LTD※Note(1) Changes in the scope of consolidated significant subsidiaries in the fiscal year ended March 31, 2015: No(2) Changes in accounting policies, accounting estimates, and restatements.
(A) Changes due to revision of accounting standards:(B) Changes due to reasons other than (A):(C) Changes in accounting estimates:(D) Restatements:

Yes
No
No
No

(3) Number of common shares issued at the end of period(A) Number of stocks issued (including treasury stocks):

March 31, 2015

258,139,248 shares

March 31, 2014

(B) Number of treasury stocks:

March 31, 2015

20,855,687 shares

March 31, 2014

258,139,248 shares
21,557,594 shares(C) Average outstanding stocks for the fiscal year ended:

March 31, 2015

236,928,205 shares

March 31, 2014

236,426,646 shares(Reference) Non-Consolidated Financial Highlight
1. Non-Consolidated Financial Results (for the fiscal year ended March 31, 2015)(1) Operating Results(Unit: Millions of Yen, except per share data and percentages)
Ordinary Income

Ordinary Profit

Net Income

Fiscal year ended
March 31, 2015

121,773

7.7%

51,85014.2%

32,135

16.6%

March 31, 2014

113,0629.5%

45,36328.0%

27,55330.7%(Note) Percentages Shown in Ordinary Income, Ordinary Profit and Net Income are the increase (decrease) from the same period previous year.

Net Income per ShareNet Income per Share(Diluted)

March 31, 2015\135.63\135.45

March 31, 2014\116.54\116.37

Fiscal year ended(2) Financial Position(Unit: Millions of Yen, except per share data and percentages)
Own Capital Ratio

Net Assets per ShareMarch 31, 2015

Total Assets
4,272,054

Total Net Assets
282,450

6.6%\1,189.87

March 31, 2014

4,089,021

245,210

5.9%\1,034.75(Reference) Own Capital: March 31, 2015: \282,337 million; March 31, 2014: \244,803 million(Note) Own Capital Ratio = (Total Net Assets – Subscription Rights to Shares) / Total Assets * 100

2. Earnings Forecasts (for the fiscal year ending March 31, 2016)(Unit: Millions of Yen, except per share data)
Net Income per
Net Income
Share

Ordinary Income

Ordinary Profit

Six month ending September 30, 2015

62,5006.7%

26,50011.0%

17,50016.8%\73.75

Fiscal year ending March 31, 2016

123,500

1.4%

52,5001.2%

35,0008.9%\147.50(Note) Percentages shown in Ordinary Income, Ordinary Profit and Net Income are the increase (decrease) from the same period pervious year.

（Statement relating to the status of the audit procedures）
This report is not subject to the audit 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 tobe reasonable, and it does not guarantee future performance. Please take note that future performance may differ from forecasts. Regarding theassumptions for financial forecasts of this report, please refer to P2 of attached documents.

SURUGA bank LTD[Appendix[Appendix]
ppendix]○ Contents of the appendix
appendix
1. Operating results ................................................................
................................................................................................
................................................................................................
................................................................................................
...................................................................
................................... 2(1) Analysis of business performance ................................................................
................................................................................................
...........................................................................................
........................................................... 2(2) Analysis of financial position ................................................................
................................................................................................
................................................................................................
.....................................................................
..................................... 2(3) Description of forwardforward-looking information such as consolidated earnings forecast ............................. 2(4) Cash dividends for the fiscal year 2014 and 2015 ................................................................
.............................................................................................
............................................................. 3
2. Consolidated financial statements ................................................................
................................................................................................
................................................................................................
...................................................................
................................... 4(1) Consolidated balance sheets ................................................................
................................................................................................
................................................................................................
....................................................................
.................................... 4(2) Consolidated statements of income andconsolidated statements of comprehensive income ................................................................
.........................................................................................
......................................................... 6(3) Consolidated statements of changes in net assets ................................................................
...........................................................................................
........................................................... 8(4) Consolidated statements of cash flows ................................................................
................................................................................................
...............................................................................
............................................... 10(5) Note for the assumption of going concern ................................................................
................................................................................................
.........................................................................
......................................... 11(6) Changes in accounting principles, accounting estimates and restatement ..............................................
.............................................. 11
3. NonNon-consolidated financial statements ................................................................
................................................................................................
........................................................................................
........................................................ 12(1) NonNon-consolidated balance sheets ................................................................
................................................................................................
.........................................................................................
......................................................... 12(2) NonNon-consolidated statements of income ................................................................
................................................................................................
............................................................................
............................................ 14(3) NonNon-consolidated statements of changes in net assets ................................................................
................................................................................
................................................ 15
Reference data ................................................................
................................................................................................
................................................................................................
................................................................................................
.........................................................................
......................................... 18

1

SURUGA bank LTD

1. Operating Results(1) Analysis of business performance
T he J apa nese eco nomy d uri ng th e co nsolid ate d period con tin ued t o impro ve mod estl y , alth ought he cons umptio n tax hik e had a neg ativ e impa ct , whi le cor pora te ear nings imp ro ve d and business
fix ed i nv estm ent in creas ed o wing to we ak yen c ause d by addi tion al mo ne tar y e asing poli cy a ndo the r e conomi c m easur es .
Wit h r egard to th e pr ofi t and loss sit ua tion o n a co nsolid a te d b asis , ordi nar y inc ome in crease d by
¥ 9 . 822 billio n y ear o n ye ar t o ¥ 1 31 .1 14 bil lion o wing to in cre ase i n in te rest on lo ans and d isco unts.
Ordi nar y expens es i nc reas ed b y ¥ 2. 527 billio n y ear on ye ar t o ¥ 7 7 . 7 08 billio n, owi ng to f ac tors
su ch as i ncr eas e i n gen eral a nd a dminis tra tiv e expen ses, w hile loan - loss allo wan ce de cre ased .
As a r esul t, or dina ry pro fit incr eas ed b y ¥ 7.29 5 bi l lion ye ar o n y ear to ¥ 53 . 4 05 bi llion a nd n e t
i ncome in cre ase d by ¥ 5 .2 84 billio n y ear on ye ar to ¥ 32 .8 91 b illio n.

(2) Analysis of financial position
Wit h r egard to o ur m ain a cco un ts o n a consolid at ed b asis at t he e nd of t he perio d, th e bal anceof loa ns a nd bi lls d isco unt ed i ncr eased by ¥ 132 .0 25 bi llion ye ar on ye ar to ¥ 3 . 0 107 48 trill i on , ast he perso nal loa n b alan ce st eadil y i ncre ased o wing to posit ive appro ach to ward re tail busi ness .
T he b ala nc e o f se curi ti es in cre ased by ¥ 9 . 8 62 billi on yea r on y ear t o ¥ 228 .7 52 billio n , whil ed eposits in cre ased by ¥ 14 3.1 88 billio n year on y ear to ¥3. 9 5 28 46 trill ion .

(3) Description of forwardforward-looking information such as consolidated earnings forecast
NonNon-consolidated

Millions of Yen

Six month ending
September 30, 2015
2015
O r d i n a r yNetFiscal year ending
March 31,
31, 2016
2016

i n c o m e

62,500123,500

business profit

28,00056,50026,50052,50017,50035,000

1,500

3,000

O r d i n a r y
N e t

p r o f i t

i n c o m e

C r e d i t - re l a t e d e x p e n s e s i n r e a l t e r m s

Consolidated

Millions of Yen

Six month ending
September 30, 2015
2015

Fiscal year ending
March 31, 2016
2016

O r d i n a r y

i n c o m e

67,50067,500134,500
134,500

O r d i n a r y

p r o f i t

26,90026,90053,40053,400Net income attributable to owners of parent
parent17,60017,60035,30035,300(Note) The earning
earning forecast was created based on the information available as of the date of this announcement andactual results may differ from the forecast figures owing to various factors in the future.

2

SURUGA bank LTD(4) Cash dividends
dividends for fiscal year 2014 and 2015
S urug a aims to improv e corpor at e val ue b y a cc eler ati ng g row th an d compe titi ve ness , ande nh an ce shar eho lders r etur ns as we ll as to mai nt ain a sou nd le vel of ininter
ter nal res erv es, bas edu pon th e o vera ll b usiness e nviro nme nts and op era ting resu lts .
Based on this policy, the b ank has d ecid ed t he y ear - e nd div ide nd s pe r sha re f or t he fiscal yea re nded Ma rch 31 20 15 , t o be \ 1 1. 50 p er sha re . (O r dina ry di vide nd \ 1 0. 50 and 1 20 th ann ive rsaryc ommemora tiv e divid en d \ 1.0 0 ) T her efor e th e to tal a nn ual c ash di vide nd per sh are is \ 2 0. 00 .
( Ordi nary div ide nd \ 1 9. 00 a n d comm emora tive div iden d \ 1 .00 )We in te nd our tot al an nu al div ide nd for th e fis cal ye ar e nding Marc h 3 1 2 01 6, t o be \ 1 9.0 0 pe r
sh are , i ncl uding an in te rim di vide nd of \ 9. 50 p er s har e.

3

SURUGA bank LTD

2 . Consolidated financial statements(1) 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
Buildings, net
Land
Lease assets, net
net
Construction in progress
Other tangible fixed assets
Intangible fixed assets
Software
Goodwill
Lease assets
Software in progress
Other intangible fixed assets
Net defined benefit asset
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total
Total assets
Liabilities
Deposits
Borrowed money
Foreign exchanges
Other liabilities
Provision for bonus
Provision for directors' bonus
Net defined benefit liability
liability
Provision for directors’
directors’ retirement benefits
Provision for reimbursement of deposits
Provision for contingent loss
Deferred tax liabilities
Acceptances and guarantees
Total liabilities

4

As of March
March 31,
31, 2014

As of March
March 31, 2015

700,543
183,295
39
905
218,8902,878,723
3,858
5,558
39,58048,971
11,56924,902
101
262
12,13530,995
27,108
2,330
30
1,109
417
5,268
3,222
4,108
△25,410
4,098,552

794,594
127,102
107
1,114
228,752
3,010,748
2,563
5,458
46,173
49,954
11,49625,4680591
12,39730,74327,780
2,201
―
346
415
6,288
440
3,620
△22,673
4,284,990

3,809,658
2,805
5
25,189
667
140
278
2,902
282
523
174
4,108
3,846,735
3,846,735

3,952,846
2,535
3
25,847
707
140
249
3,099
327
342
3,142
3,620
3,992,862

SURUGA bank LTD

Net assets
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Valuation
Valuation difference on availableavailable-forfor-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets

5

As of March
March 31, 2014

As of March
March 31, 2015

30,043
20,278203,340△16,626
237,035
10,955△13
1,617
12,560406
1,813
251,816
4,098,552

30,04321,013229,924△16,110
264,870
21,673△101
3,613
25,185
112
1,959
292,1284,284,990

SURUGA bank LTD(2) Consolidated statements of income and consolidated statements of comprehensive income
Millions of Yen

Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Interest on call loans and bills boughtInterest on deposits with banks
Other interest income
Fees and commissions
Other ordinary income
Gains on sales of bonds
Gains on redemption of bonds
Other
Other income
Reversal of allowance for loan losses
Recoveries of written off claims
Gain on sales of stocks and other securities
Profit of entities accounted for using equity method
Other
Ordinary expenses
Interest expenses
Interest on deposits
Interest on call money and bills soldInterest on borrowings and rediscount
Other interest expenses
Fees and commissionscommissions payments
Other ordinary expenses
Loss on sales of bonds
Loss on redemption of bonds
Other
General and administrative expenses
Other expenses
WrittenWritten-off of loans
Losses on sales of stocks and other securities
Losses on devaluation of stocks and other securities
Loss of entities accounted for using equity method
Other
Ordinary profit
Extraordinary income
Gain on disposal of fixed assets
Reversal of subscription
subscription rights to shares gain
Extraordinary loss
Loss on disposal of fixed assets
Income before income taxes and minority interests
Income taxestaxes-current
Income taxestaxes-deferred
Total income
income taxes
Income before minority interests
Minority interests in income
Net income

6

For the year ended
March
March 31, 2014

For the year ended
March 31, 2015

121,292
100,075
97,304
1,973
399
307
90
12,216
4,569
26
753
3,789
4,431
2,619
1,043
53
―
714
75,181
3,438
3,386
―
27
23
13,103
3,885
187
490
3,207
46,638
8,115
3,885
19
9
27
4,174
46,110
140
52
88
309
309
45,941
15,936
2,298
18,23427,707100
27,607

131,114
109,458
105,953
2,535
153
712
103
12,544
5,145
15
1,097
4,032
3,965
1,592
1,036
387
65
883
77,708
4,039
3,948
3,948
0
23
67
13,667
3,434
0
121
3,312
48,372
8,194
3,820
―
609
―
3,764
53,405
30
10
20
1,075
1,075
52,36017,537
1,848
19,38532,97583
32,891SURUGA bank LTD

Consolidated statements of comprehensive income
Millions of Yen

For the year ended
March 31, 2014

For the year ended
March 31, 2015

27,70732,975

2,896

10,779Deferred gains or losses on hedges

1△88Remeasurement of defined benefit plans

―

1,996

2,898

12,687

Comprehensive income

30,60545,662(Breakdown)Comprehensive income attributable to owners of theparent30,46745,517

Comprehensive income attributable to minority interests

138

145

Income before minority interests
Other comprehensive income
Valuation difference on availableavailable-forfor-sale securities

Total
Total other comprehensive income

7

SURUGA bank LTD(3) Consolidated statements
statements of changes in net assets
For the year ended March 31, 2014
2014
Millions of Yen

Shareholders' equity
Capital stock
Balance at the beginning ofcurrent period
Changes of items during theperiodDividends from surplus

30,043

CapitalsurplusRetainedearnings

19,547
19,547

179,511

TreasurysharesTotalshareholders'equity△17,194

211,908△3,778△3,77827,607

27,607

Net income
Purchase of treasury shares
Disposal of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during theperiodBalance at the end of current
period

730

△91

660

1,390

―

730

23,829568

25,12730,043

20,278203,340△16,626

237,035

Accumulated other comprehensive income
Valuation
Total
Remeasuredifference Deferred
accumulat
ments ofoned othergains ordefinedavailablecompreheavailable- losses on
benefitforhedges
nsive
for-saleplansincomesecurities
Balance at the beginning ofcurrent period
periodChanges of items during theperiodDividends from surplus

△91

8,097

△15

―

8,082

Subscription
rights toshares784

Minority
Minority Total net
interests assets

1,675

222,450△3,778Net income

27,607Purchase of treasury shares△91

Disposal of treasury shares
Net changes of items otherthan shareholders'shareholders' equity
Total changes of items during theperiodBalance at the end of current
period

1,390
2,858

1

1,617

4,477

△377

138

4,238

2,858

1

1,617

4,477

△377

138

29,366

10,955△13

1,617

12,560406

1,813

251,8168

SURUGA bank LTD

For the year ended March 31, 2015
2015
Millions of Yen

Shareholders' equity
Capitalstock
Balance at the beginning ofcurrent period
Cumulative effects of changes
in accounting policies
policies
Restated balance
Changes of items during theperiodDividends from surplus

30,043

CapitalsurplusRetainedearnings

TreasurysharesTotalshareholders'equity20,278203,340△16,626

237,035△2,04630,043

20,278201,294

Net income

Balance at the beginning ofcurrent period
Cumulative effects of changes
in accounting policies
Restated balance
Changes of items during theperiodDividends from surplus△16,626

234,989△4,261△4,26132,89132,891

Purchase of treasury shares
Disposal of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during theperiodBalance at the end of current
period△2,046

735

△42

△42

558

1,294

―

735

28,629515

29,88030,04321,013229,924△16,110

264,870

Accumulated other comprehensive income
Total
Valuation
Remeasuredifference Deferred
accumulat
ments ofgains ored otherondefinedcompreheavailableavailable- losses oncomprehebenefitforhedges
nsive
for-saleplans
securities
incomeSubscription
rights toshares10,955△13

1,617

12,560406

Minority Total net
interests assets

1,813

251,816△2,046

10,955△13

1,617

12,560406

1,813

249,770△4,261

Net income

32,891

Purchase of treasury shares△42

Disposal of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during theperiodBalance at the end of current
period1,294
10,717△88

1,996

12,625△294

145

12,477

10,717△88

1,996

12,625

△294
294

145

42,35821,673

△101

3,613

25,185

112

1,959

292,1289

SURUGA bank LTD(4) Consolidated statements of cash flows
Millions of Yen

Net cash provided by (used in) operating activities
Income before income taxes and minority interests
Depreciation and amortization
Amortization of goodwill
Increase (decrease) in allowance for loan losses
Increase (decrease) in provision
provision for bonuses
Increase (decrease) in provision for directors' bonuses
Increase (decrease) in net defined benefit liability
Increase (decrease) in provision for directors' retirement
benefits
Increase (decrease) in provision
provision for reimbursement ofdeposits
Increase (decrease) in provision for contingent loss
Gain on fund management
Financing expenses
Loss (gain) related to securities
Loss (gain) on money held in trust
trust
Loss (gain) on disposal of fixed assets
Net decrease (increase) in trading account securities
Net decrease (increase) in loans and bills discounted
Net increase (decrease) in deposit
Net increase
increase (decrease) in borrowed money (excluding
subordinated borrowings)
Net decrease (increase) in deposit (excluding deposit paid toBank of Japan)
Net decrease (increase) in call loans
Net decrease (increase) in foreignforeign exchangesexchanges-assets
Net increase (decrease) in foreign exchangesexchanges-liabilities
Net decrease (increase) in lease receivables and investment
assetsProceeds from fund management
Payments for finance
Other,
Other, net
Subtotal
Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Purchase of securities
Proceeds fromfrom sales of securities
Proceeds from redemption of securities
Increase
Increase in money held in trust
Decrease in money held in trust
Purchase of tangible fixed assets
Proceeds from sales of tangible fixed assets
Purchase of intangible fixed assets
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Cash dividends paid
Purchase of treasury stock
Proceeds from sales of treasury stock
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

10

For the year ended
March 31, 2014

For the year ended
March 31, 2015

45,9414,389
129△4,87118
60△759

52,3605,830
129△2,737
39
―
△999

201

197

7

45

△28
△100,075
3,438
△127
25
257
△4
△123,821
299,566△181△109,458
4,039
△769
△168
1,065
△68
△132,025
143,188

△460

△270

910

510

386,76969△12

56,193
1,294
△1

93

99

99,677△3,407△4,284
603,704△14,483
589,220

108,696△3,493
3,493△6,406
117,109△18,369
98,740△57,355
32,277
41,846―69△2,965234△9,0295,076△77,444
33,974
50,102△41―△3,96220△3,542△893△3,778△91
1,048△2,821
8591,484
105,988697,472△4,261
△42
1,003
1,003
△3,301
15
94,560697,472
792,033

SURUGA bank LTD(5) Note for the assumption of going concern
Not appli cabl e.

(6) Changes in accounting policies and restatement(Ap plic atio n o f a c co unt ing s ta ndard for ret irem en t b ene fits , etc .)S urug a B ank has adopt ed th e mai n cla use o f Ar tic le 35 of th e A c co unt ing S ta ndar d for
R etir eme nt B e nef its (AS BJ Sta tem en t No. 26 , Ma y 1 7, 20 12 , here
hereinin af ter ref erred to as th e
" Re tirem en t B en efi ts S ta teme nt ") and t he ma in cla use of Arti cle 67 of th e G uida nc e on A cc oun tingS ta ndard for R e tirem en t B en efi ts ( A SBJ Guida nc e No. 25 , M ar ch 26 , 2 01 5 ) from t he fis cal ye are nded Marc h 3 1 , 20 1 5 . A ccord ingl y , th e c al cu lat ion m et hods o f r e tir emen t b ene fit obliga tio ns ands e r v ic e cost we re ada p ted to th e be ne fit formu la b asis from t he stra ight - li ne b asis .
T he R eti reme nt Ben efits St anda rd an d Guid an ce are applied in a ccord an ce wi th th e tr ansi tion alt rea tme nt s et for th i n Ar ticl e 3 7 o f t he Re tirem en t B en efi ts S ta teme nt , a nd th e e ffe ct of t hec ha nge in t he cal cul atio n me tho ds of r etir eme nt be ne fit obliga tio n s and ser vic e cost ar e ad ded or
d educ ted from r e tain ed ear nings a t t he begin ning of th e fisca l y ear end ed Mar ch 31 , 2015 .
As a r esul t, n et d efi ned be ne fit asse t d ecr ease d by \ 3 . 15 8 billio n, r e tai ned ear nings d ecreas ed by\ 2 .0 46 billio n as of t he begi nni ng o f t he fis cal ye ar end ed Mar ch 3 1, 2 01 5 . In addi tio n, bot h o rdi nar y
pro fit and i ncome b efor e inc ome t axes a nd min orit y in tere sts in cre ase d by \ 2 7 million fo r th e fis cal
y ear en ded Ma rch 3 1, 2 01 5 .

11SURUGA bank LTD

3 . Non - consolidated financial statements(1) NonNon-consolidated balance sheets
Millions of Yen

AssetsCash and due from banks
Cash
Due from banks
Call loans
Trading account securities
Trading government bonds
Trading local government bonds
Money held in trust
Securities
Government bonds
Local government bonds
Corporate bonds
StocksOther securities
Loans and bills discounted
Bills discounted
Loans on bills
Loans on deeds
Overdrafts
Foreign exchanges
Due from foreign banks (our accounts)
Foreign bills bought
Foreign bills receivable
Other assets
Prepaid expenses
Accrued income
Initial margins of futures markets
Derivatives other than for tradingtrading-assets
Other
Tangible fixed assets
Buildings, net
Land
Lease assets, net
Construction in progress
progress
Other tangible fixed assets
Intangible fixed assets
SoftwareLease assets
Software in progress
Other intangible fixed assets
Prepaid pension cost
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total assets
assets12

As of March
March 31, 2014

As of March
March 31, 2015

700,300
28,268672,031
183,295
39
0
38
905
223,371
145,262
171
2,538
49,40825,9892,880,085
1,794
38,2502,524,543
315,496
3,858
1,201
0
2,656
31,293
1,799
8,260
200
1,076
19,95647,575
10,90624,313725
262
11,36728,38926,855
30
1,095
408
2,772
3,623
4,114
△20,6034,089,021

794,264
27,162
767,102
127,102
107
2
105
1,114
232,845
145,141
220
1,712
61,36024,4093,011,310
1,785
32,0692,631,980
345,475
2,563
763
0
1,799
37,536
2,950
9,030
200
1,372
23,982
48,613
10,87924,885589
591
11,66728,15327,377
―
369
406
1,467
―
4,244
△17,268
4,272,054

SURUGA bank LTD

Millions of Yen

Liabilities
Deposits
Current deposits
Ordinary deposits
Saving deposits
Deposits at noticeTime deposits
Other deposits
Foreign exchanges
Foreign bills sold
Foreign bills payable
Other liabilities
Income taxes payable
Accrued expenses
Unearned revenue
Deposits received from employees
Lease obligations
Derivatives other than for tradingtrading-liabilities
Other
Other
Provision for bonus
Provision for directors' bonus
Provision for retirement benefits
Provision for directors’
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
Legal capital surplus
Other capital surplus
surplusRetained earnings
Legal retained earnings
Other retained earnings
Reserve for advanced
advanced depreciation of fixed assets
General reserve
Retained earnings brought forward
Treasury stock
Total shareholders' equity
Valuation difference on availableavailable-forfor-sale securities
Deferred gains or losses on hedges
Valuation and translation adjustments
Subscription rights to shares
Total net assets
Total liabilities and net assets

13

As of March
March 31, 2014

As of March
March 31, 2015

3,816,373
66,456
1,162,129
19,85992,916
92,9162,280,868
194,14255
018,857
10,582
3,572
171
759
717
307
2,746
614
140
―
2,899
282
523
―
4,114
3,843,810

3,959,197
57,7301,146,701
19,175110,256
2,392,384
232,9483
3―
19,915
9,918
4,419
134
786
590
788
3,279
670
140
484
3,095
327
342
1,181
4,244
3,989,603

30,04319,362
18,585776
201,42130,043
171,378
55
103,032
68,291△16,626
234,200
10,614△12
10,602406
245,210
4,089,021

30,04320,097
18,585
1,511
227,248
30,043
197,205
57
103,032
94,115△16,110261,279
21,157△99
21,058112
282,450
4,272,054

SURUGA bank LTD(2) NonNon-consolidated statements of income
Millions of Yen

Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Interest on call loans
Interest on deposits with banks
Other interest income
Trust fees
Fees
Fees and commissions
Fees and commissions on domestic and foreignexchanges
Other fees and commissions
Other ordinary income
Gains on foreign exchange transactions
Gain on trading account securities transactions
Gains on sales of bonds
Gains on redemption of bonds
Other income
Reversal of allowance for loan losses
Recoveries of written off claims
Gain on sales of stocks and other securities
Gain on money held in trust
Other
Ordinary expenses
Interest expenses
Interest on deposits
Interest on call money
Interest on interest swaps
Other interest expenses
Fees and commissions payments
payments
Fees and commissions on domestic and foreignexchanges
Other fees and commissions
Other ordinary expenses
Loss on trading account securities transactions
Loss on sales of bonds
Loss on redemption
redemption of bonds
General and administrative expenses
Other expenses
WrittenWritten-off of loans
Losses on sales of stocks and other securities
Losses on devaluation of stocks and other securities
Loss on money held in trust
Other
Ordinary profit
Extraordinary income
Gain on disposal of fixed assets
Reversal of subscription rights to shares gain
Extraordinary loss
Loss on disposal of fixed assets
assetsIncome before income taxes
Income taxestaxes-current
Income taxestaxes-deferred
Total income taxes
Net income
14

For the year ended
March 31, 2014

For the year ended
March 31, 2015

113,062
95,84893,085
1,960
399
307
95
0
11,382

121,773
121,773
104,390
100,907
2,517
153
712
99
0
11,714

2,444

2,440

8,938
892
112
―
26
753
4,939
3,422
771
53
0
691
67,698
3,411
3,387
―
2
21
13,167

9,273
1,209
95
0
15
1,097
4,458
2,485
747
387
168
669
69,922
4,022
3,949
0
2
71
13,718876

866

12,290
678
0
187
490
43,764
6,677
2,734
2
―
26
3,914
45,363
121
33
88
309
309
45,175
15,224
2,398
17,622
27,553

12,852121―
0
121
45,564
6,495
2,249
―
609
―
3,636
51,850
20
―
20
1,071
1,071
50,79916,852
1,811
18,66432,135SURUGA bank LTD(3) NonNon-consolidated statements of changes in net assets
For the year ended March 31, 2014
2014
Millions of Yen
Shareholders' equity
Capital surplus

Balance at the beginning of current
periodChanges of items during the period

Retained earnings
Total
capitalsurplusCapital stock

Legal capitalsurplus

Other capitalsurplus30,043

18,58545

18,631730

730

Legal retained
earnings

30,043

Dividends from surplus
Net income
Purchase of treasury shares
Disposal of treasury shares
Net changes of items other thanshareholders' equity
Total changes of items during theperiod

―

―

730

730

―

Balance at the end of current period

30,043

18,585776

19,36230,043

Shareholders' equity
Retained earnings
Other retained earnings
Reserve for
Retained
advanced
Generalearnings
depreciation
depreciation
reservebrought
of fixed
forwardassetsBalance at the beginning of current
periodChanges of items during the period

55

103,032

Dividends from surplus
Net income
incomeTotal
Retainedearnings

44,516

177,646△3,77827,553△3,77827,553Purchase of treasury shares

Total
Treasury stock shareholders'equity△17,194

209,127△91
660△3,77827,553△91
1,390

Disposal of treasury shares
Net changes of items other thanshareholders' equity
Total changes of items during theperiod――23,77523,775568

25,073

Balance at the end of current period

55

103,032

68,291

201,421△16,626

234,200

Valuation and translation adjustments
Deferred
Valuation
Total valuation
valuationdifference on
gains orand translation
availablelosses onavailable-forforadjustments
sale securities
hedgesSubscription
rights tosharesBalance at the beginning of current
periodChanges of items during the period

7,869

△13

7,856

784

Dividends from surplus

Total net
assets217,768△3,77827,553△91
1,390

Net income
Purchase of treasury shares
Disposal
Disposal of treasury shares
Net changes of items other thanshareholders' equity
Total changes of items during theperiod

2,745

0

2,746

△377

2,368

2,745

0

2,746

△377

27,442

Balance at the end of current period

10,614△12

10,602406

245,21015

SURUGA bank LTD
For the year ended March 31, 2015
2015
Millions of Yen
Shareholders' equity
Retainedearnings

Capital surplus
Capital stock

Balance at the beginning of current
current
periodCumulative effects of changes
in accounting policies
Restated balance

Total
capitalsurplus

Legal capitalsurplus

Other capitalsurplus

Legal retained
earnings

30,043

18,585776

19,36230,04330,043

18,585776

19,36230,043735

735

Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury shares
Disposal of treasury shares
Provision of reserve for reduction
entry
Net changes of items other thanshareholders' equity
Total changes of items during theperiodBalance at the end of current
current period

―

―

735

735

―

30,043

18,585

1,511
1,511

20,09730,043

Shareholders' equity
Retained earnings
Other retained earnings
Reserve for
Retained
advancedadvanced
Generalearnings
depreciation
reservebrought
of fixed
forwardassetsBalance at the beginning of current
periodCumulative effects of changes
in accounting policies
Restated balance

55

55

103,032

103,032

Total
Retainedearnings

68,291

201,421△2,046△2,046

66,244

199,375△4,261
32,135△4,261
32,135

Treasurystock△16,626

Total
shareholders'equity234,200△2,046△16,626

232,154
232,154△42
558△4,261
32,135△42
1,294

Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury shares
Disposal of treasury shares
Provision of reserve for reduction
entry
entry
Net changes of items other thanshareholders' equity
Total changes of items during theperiodBalance at the end of current period

2

△2

―

2

―

27,87027,873515

29,12457

103,032

94,115

227,248△16,110
16,110261,279

16

SURUGA bank LTD
Valuation and translation adjustments
adjustments
Deferred
Valuation
Total valuationdifference on
gains orand translation
availablelosses onavailable-forforadjustments
sale securities
hedgesBalance at the beginning of current
periodCumulative effects of changes
in accounting policies
Restated balance

10,614△12

10,602
10,602

Subscription
rights toshares406

Total net
assets245,210△2,046

10,614△12

10,602406

243,163

Changes of items during the period△4,261
32,135△42
1,294

Dividends from surplus
Net income
Purchase of treasury shares
Disposal of treasury shares
Provision of reserve for reduction
entry
Net changes of items other thanshareholders' equity
Total changes of items during theperiodBalance at the end of current period―
10,543△86

10,456△294

10,162

10,543△86

10,456△294

39,28621,157△99

21,05821,058112

282,450

17

SURUGA bank LTD（ Refer ence data ）【NonNon-consolidated】
consolidated】(1) Interest margin
All operations（％）

Yield on outstanding loans

A

March 31, 2015
(a)
3.49

Yield on deposits
Loan – deposit margin

B

0.10

0.01

0.09

A-B

3.39

0.11

3.28

2.19

0.13

2.06

1.35

0.04

1.31

(a) – (b)0.11March 31, 2014
(b)
3.38

(Yield on outstanding loans - Yield on deposits)

Loan – deposit margin(after deduction from expense ratio)
ratio)Net interest margin
Domestic operations
operations（％）

Yield on outstanding loans

A

March 31, 2015
(a)
3.51

(a) – (b)0.11March 31, 2014
(b)
3.40

Yield on deposits
Loan – deposit margin

B

0.10

0.01

0.09

A-B

3.41

0.11

3.30

2.20

0.12

2.08

1.39

0.04

1.35

(Yield on outstanding loans - Yield on deposits)

Loan – deposit margin
margin(after deduction from expense ratio)
ratio)Net interest margin(2) OHR（％）

March 31, 2015
(a)
45.8

OHR

(a) – (b)△1.8

March 31, 2014
(b)
47.6

(3) The capital
capital adequacy ratio（％）

As of March 31,
2015

As of March 31,
2014(a) – (b)(a)
The capital adequacy ratio(Domestic standard)

(b)
11.59

0.17

(4)ROE(4)ROE，
ROE， ROA

11.42

（％）

(a) – (b)ROEMarch 31, 2015
(a)
13.92

0.70

March 31, 2014
(b)
13.22

ROA

0.78

0.06

0.72

＊ROE: Net income per average own capital
capital
ROA: Net income per average total assets

18