May 10, 2024

SURUGA bank, Ltd.
Consolidated financial results for the fiscal year ended March 31, 2024
<under Japanese GAAP>
Stock exchange listings: Tokyo (code: 8358)
URL:
https://www.surugabank.co.jp
Representative:
Kosuke Kato, President
Dividend payment date: June 4, 2024
(Amounts and percentages are rounded down to the nearest million yen and first decimal places, respectively.)

1. Consolidated financial results for the fiscal year ended March 31, 2024
(1) Consolidated operating results(% represents the change from the previous fiscal year)
Profit attributable
Ordinary profit
to owners of parent

Ordinary income

Fiscal year ended
Millions of yen%
Millions of yen%
March 31, 2024
91,447(1.0)
20,641
55.5
March 31, 2023
92,4030.3
13,26625.1(Note) Comprehensive income: (a) Fiscal year ended March 31, 2024: ¥32,325 million [307.9%](b) Fiscal year ended March 31, 2023: ¥7,923 million [- %]%15,375
10,576

45.3
32.8

Earnings per share

Earnings per share(diluted)

yen

yen

%

%

%

75.44
56.15

-

5.4
3.9

0.5
0.3

22.5
14.3

Fiscal year ended
March 31, 2024
March 31, 2023

Return on
net assets

Millions of yen

Ordinary profit
on total assets

Ordinary profit
on ordinary income(Note) Earnings per share (diluted) for the fiscal year ended March 31, 2023 and 2024 are not provided because there are no potentially shares.

(2) Consolidated financial position
Total assets
Total net assets
Net assets ratio
Net assets per share
As ofMillions of yen
Millions of yen%
Yen
March 31, 2024
3,560,741
295,120
8.2
1,532.15
March 31, 2023
3,639,910
271,040
7.4
1,438.33(Reference) Shareholders’ equity: (a) As of March 31, 2024: ¥295,012 million; (b) As of March 31, 2023: ¥270,939 million(Note) Nets assets ratio = (Total net assets - Non-controlling interests) / Total assets × 100
This ratio is not calculated based on the “Capital Adequacy Ratio Notification”.

(3) Consolidated cash flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2024
March 31, 2023

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at year-end

Millions of yen

Millions of yen

Millions of yen

Millions of yen(93,075)
24,49245,136142,311(8,253)(1,130)965,305
1,021,498

2. Dividends on common stock
1st
quarter-end
Fiscal year
ended March 31, 2023
ended March 31, 2024
ending March 31, 2025
(forecast)

Dividends per share
2nd
3rd
Fiscalquarterquarter
year
-end
-end
-end

Total

Total
dividends

Dividend
payout ratio(Consolidated)

Dividend on
net assets
ratio(Consolidated)

yen

yen

yen

yen

yen

Millions of yen

%

%

-

0.00
7.00

-

9.00
14.00

9.00
21.00

1,695
4,231

16.0
27.8

0.6
1.4

-

11.00

-

11.00

22.00

29.2

3. Consolidated earnings forecast for the fiscal year ending March 31, 2025(% represents the change from the same period in the previous fiscal year)
Profit attributable
Earnings per shareto owners of parent

Ordinary profit
Millions of yen

1H, FY3/2025
FY3/2025

8,500
19,000%(33.8)(7.9)

Millions of yen

7,000
14,500%Yen(27.0)
(5.6)

36.35
75.30

(Notes)(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries that caused changes in the scope of
consolidation): No(2) Changes in accounting policies, changes in accounting estimates and restatements(A) Changes in accounting policies due to revision of accounting standards: No(B) Changes in accounting policies due to reasons other than (A): No(C) Changes in accounting estimates: No(D) Restatements: No(3) Number of issued shares (common stock)(A) Number of issued shares
As of Mar. 31, 2024
(including treasury shares):(B) Number of treasury shares:

As of Mar. 31, 2024

232,139,248 shares

As of Mar. 31, 2023

232,139,248 shares

39,592,505 shares

As of Mar. 31, 2023

43,768,676 sharesFiscal year ended
Fiscal year ended
203,786,839 shares
188,350,917 sharesMar. 31, 2024
Mar. 31, 2023
(Note) The number of treasury shares at the end of the period includes the Company's shares held by the employee stock
ownership plan trust (hereinafter "ESOP Trust") (As of Mar. 31, 2024: 257,900 shares, As of Mar. 31, 2023: - shares).
The average number of the Company's shares held by the ESOP Trust is included in the number of treasury stock that are
deducted in calculation of the average number of shares during the period (As of Mar. 31, 2024: 157,840 shares, As ofMar. 31, 2023: - shares).

(C) Average number of shares:(Reference) Summary of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended March 31, 2024
(1) Non-consolidated operating results(% represents the change from the previous fiscal year)
Ordinary profit
Net income

Ordinary income
Fiscal year ended
March 31, 2024
March 31, 2023

Millions of yen%

Millions of yen%

Millions of yen%

83,61982,7940.9(1.0)

20,156
11,26778.8
11.6

15,025
9,537

57.5
21.4

Earnings per share(diluted)

Earnings per share
Fiscal year ended
March 31, 2024
March 31, 2023

Yen

Yen

73.73
50.63

-

(2) Non-consolidated financial position
Total assets
Total net assets
Net assets ratio
Net assets per share
As ofMillions of yen
Millions of yen%
Yen
March 31, 2024
3,540,476
277,7937.8
1,442.73
March 31, 2023
3,620,806
255,1697.0
1,354.61(Reference) Shareholders’ equity: (a) As of March 31, 2024: ¥277,793 million; (b) As of March 31, 2023: ¥255,169 million(Note) Net assets ratio = Total net assets / Total assets × 100
This ratio is not calculated based on the “Capital Adequacy Ratio Notification”.

2. Non-consolidated earnings forecast for the fiscal year ending March 31, 2025(% represents the change from the same period in the previous fiscal year)
Profit attributable
Earnings per shareto owners of parent

Ordinary profit
Millions of yen

1H, FY3/2025
FY3/2025

8,500
18,500%(32.3)(8.2)

Millions of yen

7,000
14,500%Yen(24.8)
(3.4)

36.35
75.30

(Note) This report is outside the scope of audit procedures by certified public accountants or audit firms.
(Note) Explanation on appropriate use of forecast and other special items
The performance forecasts and other forward-looking statements in this report are based on information currently available tothe company and on certain assumptions deemed to be reasonable, and are not intended to guarantee future performance.
Actual performance may differ materially depending on various factors.

Suruga bank, Ltd.

(Appendix)
Table of contents

1. Overview of operating results, etc. ······················································································ 2(1) Overview of operating results ························································································ 2(2) Overview of financial position ······················································································· 3(3) Future outlook ·········································································································· 4
2. Basic approach to the selection of accounting standards ····························································· 4
3. Consolidated financial statements and notes ··········································································· 5(1) Consolidated balance sheets ·························································································· 5(2) Consolidated statements of income and Consolidated statements of comprehensive income··············· 7(3) Consolidated statements of changes in net assets ································································ 10(4) Consolidated statements of cash flows············································································· 12(5) Notes to consolidated financial statements ········································································ 14(Notes on going-concern assumption) ··············································································· 14(Changes in accounting policies, changes in accounting estimates) ············································ 14(Additional information) ······························································································ 14(Segment information)································································································· 15(Per share data) ········································································································· 16(Significant subsequent events) ······················································································ 17
4. Non-consolidated financial statements ················································································· 18(1) Non-consolidated balance sheets ··················································································· 18(2) Non-consolidated statements of income ··········································································· 20(3) Non-consolidated statements of changes in net assets ··························································· 22* Financial results for the fiscal year ended March 31, 2024 supplementary information－1－

Suruga bank, Ltd.

1. Overview of operating results, etc.
(1) Overview of operating results
In the fiscal year ended March 31, 2024, consolidated ordinary income decreased by ¥0.956 billion
year-on-year to ¥91.447 billion. This was mainly due to a decline in interest income reflecting the drop ininterest on loans and bills discounted. Meanwhile, ordinary expenses decreased by ¥8.332 billion
year-on-year to ¥70.805 billion, mainly due to a decrease in recording of losses on redemption of bonds. As
a result, ordinary profit increased by ¥7.375 billion year-on-year to ¥20.641 billion, and profit attributable toowners of parent increased by ¥4.799 billion year-on-year to ¥15.375 billion.
Non-consolidated operating results were as follows:(A) Gross operating profit
Gross operating profit increased by ¥7.753 billion year-on-year to ¥51.175 billion, mainly due to anincreased in gains (losses) on bonds.
(B) Expenses
Expenses decreased by ¥1.050 billion year-on-year to ¥35.159 billion.
(C) Net operating profit
Core net operating profit decreased by ¥0.681 billion year-on-year to ¥23.354 billion, mainly due to adrop in net interest income.
Net operating profit increased by ¥8.803 billion year-on-year to ¥16.015 billion.
(Note) Core net operating profit = Net operating profit + Provision for general allowance for loan losses- Gains (losses) on bonds(D) Ordinary profit
Ordinary profit increased by ¥8.889 billion year-on-year to ¥20.156 billion, mainly due to an increasedin gains (losses) on bonds.
(E) Net income
Net income increased by ¥5.488 billion year-on-year to ¥15.025 billion, mainly due to an increase inordinary profit.
(F) Net credit costs
Disposal of non-performing loans increased by ¥2.844 billion year-on-year to ¥8.796 billion. Reversal of
allowance for loan losses increased by ¥0.500 billion year-on-year to ¥4.547 billion. As a result, net credit
costs increased by ¥2.343 billion year-on-year to ¥4.248 billion.
Actual credit costs decreased by ¥0.881 billion year-on-year to ¥(2.059) billion.
(Note) Net credit costs = Provision for general allowance for loan losses+ Disposal of non-performing loans - Reversal of allowance for loan losses(Note) Actual credit costs = Net credit costs - Recoveries on written-off claims－2－Suruga bank, Ltd.

(2) Overview of financial position
Regarding main accounts on a consolidated basis, despite effects such as early repayments on existing loans
and bills discounted due to the soaring real estate market, the overall balance of loans and bills discounted at theend of the period decreased by 13,714 million yen to 2,076,613 million yen, mainly due to the steady progressof the "Re:Start2025" mid-term business plan which pushed up new loans to a higher-than-expected level.
Securities amounted to ¥276.081 billion, down by ¥21.802 billion year-on-year. Deposits amounted to¥3,244.907 billion, down by ¥104.724 billion year-on-year.
Non-consolidated major account balances were as follows:(A) Loans and bills discounted
Loans and bills discounted came in at ¥2,066.732 billion, down by ¥13.418 billion year-on-year. The
average balance of loans and bills discounted in the fiscal year amounted to ¥2,049.037 billion, down by¥36.491 billion year-on-year.
(B) Securities
Securities amounted to ¥281.675 billion, down by ¥21.829 billion year-on-year.
(C) Deferred tax assets (liabilities)
Deferred tax assets amounted to ¥7.476 billion, down by 7.801 billion year-on-year.
(D) Deposits
Deposits amounted to ¥3,250.493 billion, down by ¥105.247 billion year-on-year. The average balanceof deposits in the fiscal year amounted to ¥3,278.400 billion, down by ¥61.077 billion year-on-year.
As for consolidated cash flows, cash flow from operating activities was a net outflow of ¥93.075 billion(compared to a net inflow of ¥24.492 billion in the previous fiscal year), this was mainly due to a decrease indeposits. Cash flow from investing activities was a net inflow of ¥45.136 billion (compared to a net inflow of¥142.311 billion in the previous fiscal year), mainly due to proceeds from redemption of securities. Cash flowfrom financing activities was a net outflow of ¥8.253 billion (compared to a net outflow of ¥1.130 billion in theprevious fiscal year), mainly due to purchase of treasury shares.
As a result, cash and cash equivalents as of March 31, 2024 amounted to ¥965.305 billion, down by ¥56.193
billion year-on-year (compared to ¥1,021.498 billion as of March 31, 2023).

－3－

Suruga bank, Ltd.

(3) Future outlook
Earnings forecast for the fiscal year ending March 31, 2025 is as follows:
Consolidated

Ordinary profit
Profit attributable to owners of parent(Millions of yen)
FY3/2025 (Forecast)First half
Full year
8,500
19,0007,000
14,500Non-consolidatedCore gross operating profit
Core net operating profit
Ordinary profit
Net income(Millions of yen)
FY3/2025 (Forecast)First half
Full year
28,50056,00010,50020,5008,500
18,5007,000
14,500

Actual credit costs

2,500

3,000

ROE (Net income basis)

5.36%

5.59%

(Note) The performance forecasts and other forward-looking statements in this report are based on information
currently available to the company and on certain assumptions deemed to be reasonable, and are notintended to guarantee future performance. Actual performance may differ materially depending on
various factors.

2. Basic approach to the selection of accounting standards
The Suruga Bank group intends to apply Japanese accounting standards for the foreseeable future, taking into
consideration the comparability of consolidated financial statements across reporting periods and companies. As
for the adoption of International Financial Reporting Standards (IFRS), we will respond appropriately to thevarious developments in Japan and overseas.

－4－

Suruga bank, Ltd.

3.Consolidated financial statements and notes(1)Consolidated balance sheets（Millions of yen）
As of
Mar. 31, 2023
AssetsCash and due from banks
Call loans and bills bought
Monetary claims bought
Trading securities
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Lease receivables and investment assets
Other assets
Property, plant and equipment
Buildings, net
Land
Leased assets
Construction in progress
Other, net
Intangible assets
Software
Goodwill
Leased assets
Software in progress
Other
Retirement benefit asset
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total assets
Liabilities
Deposits
Foreign exchanges
Other liabilities
Provision for bonuses
Provision for bonuses for directors (and other officers)
Retirement benefit liability
Provision for share-based compensation
Provision for reimbursement of deposits
Provision for contingent loss
Deferred tax liabilities
Acceptances and guarantees
Total liabilities

－5－

As of
Mar. 31, 2024

1,044,263
60,293
131,51785
99
297,883
2,090,327
4,805
4,698
44,17233,33910,70020,31355
321
1,950
16,00913,771
1,165
101
610
360
20,12615,311
1,271(124,295)
3,639,910

982,204
85,000125,353
42
99
276,0812,076,613
6,366
4,948
40,34031,9509,995
18,51660
12
3,366
13,358
11,870
1,035
71
124
256
22,916
7,052
1,265(112,852)
3,560,741

3,349,631
41
16,340
461
38
293
303
223
51
211
1,271
3,368,869

3,244,907
180
17,332
464
19
282
676
198
44
248
1,265
3,265,621

Suruga bank, Ltd.

（Millions of yen）
As of
Mar. 31, 2023
Net assets
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

30,043
1,974
255,042(18,111)
268,949
167
(0)
1,823
1,990
101
271,040
3,639,910

－6－

As of
Mar. 31, 2024

30,043
4,579
267,190(25,735)
276,077
16,114
4
2,815
18,934
108295,120
3,560,741

Suruga bank, Ltd.

(2)Consolidated statements of income and Consolidated statements of comprehensive income
Consolidated statements of income（Millions of yen）
For the fiscal year
ended
Mar. 31, 2023
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
Gain on redemption of bonds
Other
Other income
Reversal of allowance for loan losses
Recoveries of written off receivables
Gain on sale of equity securities
Other
Ordinary expenses
Interest expenses
Interest on deposits
Interest expenses on cash collateral received for securities lent
Other interest expenses
Fees and commissions payments
Other ordinary expenses
Loss on sale of bonds
Loss on redemption of bonds
Other
General and administrative expenses
Other expenses
Written-off of loans
Loss on sale of equity securities
Loss on devaluation of equity securities
Other
Ordinary profit－7－

92,40368,562
65,145
864
13
819
1,719
7,306
3,461
304
3,157
13,072
4,116
3,143
5,100
712
79,137
1,383
1,298
0
84
10,827
20,037
1,740
15,387
2,909
38,348
8,540
4,693
―
120
3,726
13,266

For the fiscal year
ended
Mar. 31, 2024
91,44766,28861,171
1,291
48
822
2,954
7,525
3,764
821
2,942
13,868
4,374
6,365
2,284
844
70,805
1,155
1,131
0
23
9,643
10,801
1,851
6,309
2,641
38,013
11,191
8,356
19
0
2,814
20,641

Suruga bank, Ltd.

（Millions of yen）
For the fiscal year
ended
Mar. 31, 2023
Extraordinary income
Gain on disposal of non-current assets
Extraordinary losses
Loss on disposal of non-current assets
Impairment losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

51
51
1,282
422
859
12,036
1,371
86
1,457
10,5781
10,576－8－

For the fiscal year
ended
Mar. 31, 2024
90
90
1,251
691
559
19,480
3,081
1,017
4,099
15,381
6
15,375

Suruga bank, Ltd.

Consolidated statements of comprehensive income（Millions of yen）
For the fiscal year
ended
Mar. 31, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains(losses) on hedges
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests－9－

For the fiscal year
ended
Mar. 31, 2024

10,57815,381(1,156)
3(1,501)(2,655)
7,923

15,946
5992
16,94432,3257,921
132,3196

Suruga bank, Ltd.

(3)Consolidated statements of changes in net assets
For the fiscal year ended Mar.31, 2023
（Millions of yen）
Shareholders' equity
Capital stock
Balance at beginning of current period

30,043

Capital surplus

Retained earnings

Treasury shares

1,976

245,595(18,131)

Total
shareholders'equity259,484

Changes of items during period
Dividends of surplus(1,129)(1,129)Net income

10,576

10,576

Purchase of treasury shares
Disposal of treasury shares

(2)

(0)

(0)

20

18

Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period

-

(2)

9,446

20

9,464

30,043

1,974

255,042(18,111)

268,949

Remeasure-ments Total accumulatedof defined benefit other comprehenplans
sive income

Non-controllinginterests

Total net assets

100

264,229

Accumulated other comprehensive income

Balance at beginning of current period

Net unrealized
gains(losses) on
available-forsalesecurities

Deferred
gains(losses) onhedges

1,324

(3)

3,324

4,645

Changes of items during period
Dividends of surplus(1,129)Net income

10,576

Purchase of treasury shares(0)

Disposal of treasury shares

18

Net changes of items other thanshareholders' equity(1,156)

3(1,501)(2,655)

1(2,653)

Total changes of items during period(1,156)

3(1,501)(2,655)

1

6,811

167

(0)

1,823

1,990

101

271,040

Balance at end of current period－10－Suruga bank, Ltd.

For the fiscal year ended Mar.31, 2024
（Millions of yen）
Shareholders' equity
Capital stock
Balance at beginning of current period

30,043

Capital surplus

Retained earnings

Treasury shares

1,974

255,042(18,111)

Total
shareholders'equity268,949

Changes of items during period
Dividends of surplus(3,227)(3,227)

Net income

15,375

15,375Purchase of treasury shares
Disposal of treasury shares

2,605(22,149)(22,149)

14,525

17,130Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period

-

2,605

12,147(7,624)

7,128

30,043

4,579

267,190(25,735)

276,077

Remeasure-ments Total accumulatedof defined benefit other comprehenplans
sive income

Non-controllinginterests

Total net assets

101

271,040

Accumulated other comprehensive income

Balance at beginning of current period

Net unrealized
gains(losses) on
available-forsalesecurities

Deferred
gains(losses) onhedges

167

(0)

1,823

1,990

Changes of items during period
Dividends of surplus(3,227)

Net income

15,375Purchase of treasury shares(22,149)

Disposal of treasury shares

17,130Net changes of items other thanshareholders' equity

15,946

5992

16,944

6

16,950Total changes of items during period

15,946

5992

16,944

6

24,079Balance at end of current period

16,114

4

2,815

18,934

108295,120－11－

Suruga bank, Ltd.

(4) Consolidated statements of cash flows（Millions of yen）
For the fiscal year
ended
Mar. 31, 2023
Cash flows from operating activities
Income before income taxes
Depreciation
Impairment loss
Amortization of goodwill
Increase (decrease) in allowance for loan losses
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for directors' bonuses
Increase (decrease) in net defined benefit liability
Increase (decrease) in net defined benefit asset
Increase (decrease) in provision for share-based compensation
Increase (decrease) in provision for reimbursement of deposits
Increase (decrease) in provision for contingent losses
Interest income
Interest expenses
Losses (gains) on securities
Losses (gains) on money held in trust
Losses (gains) on disposal of non-current assets
Net decrease (increase) in trading account securities
Net decrease (increase) in loans and bills discounted
Net increase (decrease) in deposit
Net decrease (increase) in deposit (excluding deposit paid to Bank of Japan)
Net decrease (increase) in call loans
Net decrease (increase) in monetary claims bought
Net decrease (increase) in foreign exchanges - assets
Net increase (decrease) in foreign exchanges - liabilities
Net decrease (increase) in lease receivables and investment assets
Net decrease (increase) in cash collateral paid for financial instruments assets
Interest received
Interest paid
Other, net
Subtotal
Income taxes paid
Net cash provided by (used in) operating activities－12－

12,036
5,434
859
129
(14,622)
(25)
(2)
1
(786)
98
(23)
(23)
(68,562)
1,383
11,843(0)370(3)
57,75242,324(4,398)(20,048)(71,778)(2,512)0367(20)68,950(1,694)
7,734
24,782(289)
24,492For the fiscal year
ended
Mar. 31, 2024
19,480
5,193
559
129
(11,443)
2
(19)
(10)
(831)
373
(25)
(6)
(66,288)
1,155
5,074
(0)
601
43
13,713(104,723)
5,866(24,706)
6,163(1,561)138(250)(4,965)66,659(1,217)(1,238)(92,131)(944)(93,075)

Suruga bank, Ltd.

（Millions of yen）
For the fiscal year
ended
Mar. 31, 2023
Cash flows from investing activities
Purchase of securities
Proceeds from sales of securities
Proceeds from redemption of securities
Decrease in money held in trust
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Net cash provided by (used in) investing activities
Cash flows from financing activities
Cash dividends paid
Purchase of treasury shares
Proceeds from sales of treasury shares
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 and cash equivalents at beginning of period
Cash and cash equivalents at year-end－13－

For the fiscal year
ended
Mar. 31, 2024

(53,290)
42,912
154,816
0(1,148)192(1,171)
142,311(70,522)
37,956
79,7330(995)
216(1,251)45,136(1,129)(0)0(1,130)6
165,680
855,818
1,021,498(3,227)(22,149)
17,123(8,253)―(56,193)
1,021,498
965,305

Suruga bank, Ltd.

(5) Notes to consolidated financial statements(Notes on going-concern assumption)
Not applicable.

(Change in accounting policies)
Not applicable.

(Changes in accounting estimates)
Not applicable.

(Additional information)(Disposal of treasury shares through third-party allotment based on the capital and business alliance with
Credit Saison Co.)
Credit Saison Co., Ltd. has completed payment for the disposal of treasury shares through third party
allotment resolved at the Board of Directors meeting of Suruga Bank Ltd. held on May 18, 2023.
Overview of the Disposal of Treasury Shares
1. Disposal date
2. Type and number of shares disposed
3. Disposal value
4. Total disposal value
5. Disposal method
6. Allotted toJuly 3, 2023
35,089,000 shares of common stock
488 yen per share
17,123,432,000 yen
Third-party allotment
Credit Saison Co., Ltd.

(Stock compensation plan for executives)
Effective from the current fiscal year consolidated accounting period, the Company has introduced astock compensation plan based on a stock-granting ESOP trust (hereinafter referred to as the “Plan”) for
executive employees consisting of the heads of the Bank's branches and each division among otherexecutives (excluding non-residents in Japan; hereinafter referred to as “executive employees”). The
purpose of this Plan is to increase engagement and share interests with shareholders to raise awareness ofthe need to contribute to improving corporate value from a long-term perspective while extracting value
from our human resources.
Regarding the accounting treatment related to the trust agreement, the Company has applied the“Practical Solution on Transactions of Delivering the Company’s Own Stock to Employees etc. throughTrusts” (PITF No. 30, March 26, 2015).
(1) Transaction summary
Under this Plan, the Company's shares acquired by the ESOP Trust with money contributed by theCompany will be delivered and paid to executives who fulfill certain requirements at the time of theirretirement in accordance with the predetermined share delivery rules, in an amount equivalent to theCompany's shares and the cash proceeds from the conversion of the Company's shares.
(2) Company shares remaining in Trust
The Company's shares remaining in the Trust are recorded as treasury stock under net assets at the bookvalue in the Trust (excluding the amount of incidental expenses). The book value and number of sharesremaining in the Trust at the end of the current fiscal year consolidated accounting period were ¥148
million and 257 thousand shares, respectively.
The estimated amount to be paid under this plan for the current consolidated fiscal year is recorded as areserve for stock compensation.

－14－

Suruga bank, Ltd.

(Segment information)
1. Summary of reportable segment
The reportable segments of the Suruga Bank group are components for which discrete financial
information is available, and that are subject to review regularly to allocate management resources and toevaluate their results.
The group consists of Suruga Bank, which mainly engages in the banking business, and its consolidated
subsidiaries that engage in businesses such as money lending, leasing, clerical agency services, credit card
services and credit guarantee. “Banking” includes businesses such as deposits, loans and exchange. “Credit
card services” includes credit card services business.
2. Method of calculating ordinary income, profit or loss, assets and other items by reportable segment
Segment profit is based on an ordinary profit-basis.
Inter-segment internal ordinary income is based on arm’s length prices.
3. Information on ordinary income, profit or loss, assets and other items by reportable segment
For the fiscal year ended March 31, 2024
Reportable segment
Creditcard
Banking
services
Ordinary income
Ordinary income toexternal customers
Inter-segment internal
ordinary income
Total
Segment profit
Segment assets
Other items
Depreciation
Impairment losses
Increase in tangible
fixed assets andintangible fixed assets(Millions of yen)
Others

Total

Adjustments

Amount recordedin the consolidated
financial statements

83,491

1,087

7,041

91,619(172)

91,447

128

22

1,146

1,297

(1,297)-

83,61920,1563,540,476

1,109
181
11,0428,187
560
30,264

92,916
20,8983,581,783(1,469)(256)(21,042)

91,447
20,6413,560,741

4,954

11

228

5,193

-

5,193

552

-

6

559

-

559

2,035

1

210

2,247

-

2,247

(Note1) Ordinary income is equivalent to net sales reported by companies in other industries.
(Note2) “Others” consists of businesses operated by consolidated subsidiaries (such as money lending, leasing,clerical agency services and credit guarantee) which are not included in the reportable segments.
(Note3) “Adjustments” are as follows:(1) The negative adjustment of ¥172 million in segment profit consists of the following: reversal of
allowance for loan losses (¥(172) million).
(2) The negative adjustment of ¥256 million in segment profit consists of the following: amortizationof goodwill (¥(129) million) and deduction of inter-segment transactions (¥(127) million).
(3) The negative adjustment of ¥21,042 million in segment assets consists of the following: deductionof inter-segment transactions (¥(25,075) million) and adjustment of net defined benefit assets(¥4,033 million).
(Note4) Segment profit is adjusted to ordinary profit as reported in the consolidated statements of income.

－15－

Suruga bank, Ltd.

(Per share data)

Net assets per shareyen
Earnings per shareyen
Earnings per share (diluted)
yen(Note) The basis for calculation is as shown in the tables below.

For the fiscal year ended
March 31, 2024
1,532.15
75.44-

1. Net assets per share
Total net assets
Amount deducted from total net assetsof which, Subscription rights to sharesof which, Non-controlling interests
Net assets attributable to common stock at
the fiscal year-end
Number of common stock at the fiscal
year-end used for the calculation of net
assets per share

Millions of yen
Millions of yen
Millions of yen
Millions of yen

As of March 31, 2024
295,120
108
108

Millions of yen

295,012

Thousands ofshares192,546

2. Earnings per share
For the fiscal year ended
March 31, 2024
Earnings per share
Profit attributable to owners of parent
Amount not attributable to commonshareholders
Profit attributable to commonshareholders of parent
Average number of common stock forthe fiscal year

Millions of yen

15,375

Millions of yen-

Millions of yen

15,375

Thousands ofshares203,786

3. Earnings per share (diluted) for the fiscal year ended March 31, 2024 is not provided because there are no
potentially shares.

－16－Suruga bank, Ltd.

(Significant subsequent events)(Repurchase of Treasury Stock)
At the Board of Directors meeting held on April 4, 2024, based on the provisions of Article 33 of the
Articles of Incorporation of Suruga Bank, Ltd. pursuant to the provisions of Article 459, Paragraph 1, Item(i) of the Companies Act, the Bank resolved matters related to the establishment of a quota for the
repurchase of treasury stock based on the provisions of Article 156, Paragraph 1 of the Companies Act, andhereby announces the following.
1. Reason for repurchase of treasury stock
The Suruga Bank's basic policy for shareholder returns is to endeavor to enhance shareholder returns after
considering the optimal balance between capital soundness and investment for growth. As such, the Bank
will flexibly implement a share buyback as a shareholder return measure that contributes to improving
capital efficiency, taking into account business performance, capital conditions, growth investment
opportunities, and the market environment including the stock price.
Suruga Bank has decided to proceed with its deliberations in accordance with this policy and to return
profits to shareholders.
2. Details of matters pertaining to the acquisition of treasury stock(1) Type of shares to be acquired
Suruga Bank common stock(2) Total number of shares to be acquired
6,000,000 (maximum)(3) Total acquisition cost
7,000 million yen (maximum)(4) Acquisition period:
May 13, 2024 to September 30, 2024

(Cancellation of Treasury Stock)
At a meeting of the Board of Directors held on April 4, 2024, Suruga Bank resolved to cancel treasury
stock in accordance with Article 178 of the Companies Act of Japan, and on April 30, 2024, cancelled
35,000,000 shares of treasury stock.
1. Details of matters pertaining to the cancellation of treasury stock(1) Type of shares to be cancelled
Common stock(2) Number of shares to be cancelled
35,000,000(3) Scheduled date of cancellation
April 30, 2024
(4) Total number of shares issued after cancellation
197,139,248－17－

Suruga bank, Ltd.

4.Non-consolidated financial statements(1)Non-consolidated balance sheets（Millions of yen）
As of
Mar. 31, 2023
AssetsCash and due from banks
Cash
Due from banks
Call loans
Monetary claims bought
Trading 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 receivable
Other assets
Prepaid expenses
Accrued revenue
Financial derivatives
Other
Property, plant and equipment
Buildings, net
Land
Leased assets
Construction in progress
Other, net
Intangible assets
Software
Software in progress
Other
Prepaid pension costs
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total assets

1,043,476
26,276
1,017,200
60,293
131,51785
16
69
99
303,504
29,763
120,407
4,531
23,694125,1082,080,150
1,158
3,949
1,895,490
179,552
4,805
3,983
822
34,699
1,611
5,219
74
27,79332,52010,19620,099
109
321
1,793
14,512
13,548608
354
17,514
15,277
1,271(118,920)
3,620,806

－18－

As of
Mar. 31, 2024

981,50922,585
958,92485,000125,3534216
26
99
281,675
21,406
115,524
22,16355,03067,5502,066,732
852
3,739
1,885,438
176,701
6,366
5,728
638
30,506
1,925
4,847
7
23,72531,186
9,482
18,364104－
3,234
12,073
11,698124
251
18,8837,476
1,265(107,695)
3,540,476

Suruga bank, Ltd.

（Millions of yen）
As of
Mar. 31, 2023
Liabilities
Deposits
Current deposits
Ordinary deposits
Savings 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 liabilities
Financial derivatives
Other
Provision for bonuses
Provision for bonuses for directors (and other officers)
Provision for share-based compensation
Provision for reimbursement of deposits
Provision for contingent loss
Acceptances and guarantees
Total liabilities
Net assets
Share capital
Capital surplus
Legal capital surplus
Other capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
Reserve for tax purpose reduction entry of non-current assets
General reserve
Retained earnings brought forward
Treasury shares
Total shareholders' equity
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Valuation and translation adjustments
Total net assets
Total liabilities and net assets

－19－

As of
Mar. 31, 2024

3,355,740
68,617
1,480,251
13,336147
1,726,238
67,147
41
24
17
7,561
－
2,498
59
734
115
9
4,143
404
38
303
223
51
1,271
3,365,637

3,250,493
70,715
1,479,369
12,982752
1,618,181
68,492
180
8
171
9,392
3,364
2,213
66
726
113
37
2,870
410
19
676
198
44
1,265
3,262,682

30,043
18,585
18,585－
224,866
30,043
194,823
59
103,032
91,731(18,111)
255,384
(214)
(0)
(215)
255,169
3,620,806

30,043
21,191
18,585
2,605
236,664
30,043
206,62159
103,032
103,529(25,735)
262,163
15,625
4
15,630277,793
3,540,476

Suruga bank, Ltd.

(2)Non-consolidated statements of income（Millions of yen）
For the fiscal year
ended
Mar. 31, 2023
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 and commissions
Fees and commissions on domestic and foreign exchanges
Other fees and commissions
Other ordinary income
Gain on foreign exchange transactions
Net gain on trading securities transactions
Gain on redemption of bonds
Other income
Reversal of allowance for loan losses
Recoveries of written off receivables
Gain on sale of equity securities
Gain on money held in trust
Other
Ordinary expenses
Interest expenses
Interest on deposits
Interest expenses on cash collateral received for securities lentInterest expenses on interest rate swaps
Other interest expenses
Fees and commissions payments
Fees and commissions on domestic and foreign exchanges
Other fees and commissions
Other ordinary expenses
Loss on foreign exchange transactions
Net loss on trading securities transactions
Loss on sale of bonds
Loss on redemption of bonds
General and administrative expenses
Other expenses
Written-off of loans
Loss on sale of equity securities
Loss on devaluation of equity securities
Other
Ordinary profit－20－

82,794
66,05360,989
2,511
13
819
1,719
0
6,265
1,426
4,838
304
―
0
304
10,170
4,047
3,084
2,541
0
497
71,526
1,380
1,299
0
3
78
10,683538
10,145
17,1389―
1,740
15,38735,405
6,918
4,538
―
120
2,260
11,267For the fiscal year
ended
Mar. 31, 2024
83,61962,62757,554
1,248
48
822
2,954
0
6,447
1,217
5,230
847
25
―
821
13,696
4,547
6,308
2,170
0
669
63,462
1,153
1,132
0
2
19
9,432
546
8,886
8,161
―
0
1,851
6,309
34,992
9,722
8,194
19
0
1,507
20,156

Suruga bank, Ltd.

（Millions of yen）
For the fiscal year
ended
Mar. 31, 2023
Extraordinary income
Gain on disposal of non-current assets
Extraordinary losses
Loss on disposal of non-current assets
Impairment losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Income taxes
Profit

51
51
1,277
419
857
10,042
51
453
504
9,537

－21－

For the fiscal year
ended
Mar. 31, 2024
89
89
1,242
690
552
19,003
2,958
1,019
3,977
15,025

Suruga bank, Ltd.

(3)Non-consolidated statements of changes in net assets
For the fiscal year ended Mar.31, 2023
（Millions of yen）
Shareholders' equity
Capital surplus

Retained earnings
Other retained earnings

Capital stock

Balance at beginning of current period

Legal capitalsurplus30,043

Other capitalsurplus

Total capitalsurplus―18,585Reserve foradvanced
General reserve
depreciation of
non-current assets

Legal retained
earnings

18,58530,043

59

103,032

Retained earnings
brought forward

83,326

Changes of items during period
Dividends of surplus(1,129)Net income

9,537

Purchase of treasury shares
Disposal of treasury shares(2)

Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period

―

―

―

―

―

―

―

8,405

30,043

18,585―

18,58530,043

59

103,032

91,731

Shareholders' equity

Valuation and translation adjustments

Retained earnings

Balance at beginning of current period

Total retained
earnings

Treasury shares

216,461(18,131)

Total
shareholders'equity246,958

Net unrealized
gains(losses) on
available-forsalesecurities

Deferred
gains(losses) onhedgesTotal valuationand translation
adjustments

Total net assets

(598)

(3)

(602)

246,356

Changes of items during period
Dividends of surplus(1,129)(1,129)(1,129)Net income

9,537

9,537

9,537

(0)

(0)

(0)

20

18

18

Purchase of treasury shares
Disposal of treasury shares(2)

Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period

384

3

387

387

8,405

20

8,425

384

3

387

8,813

224,866(18,111)

255,384

(214)

(0)

(215)

255,169－22－

Suruga bank, Ltd.

For the fiscal year ended Mar.31, 2024
（Millions of yen）
Shareholders' equity
Capital surplus

Retained earnings
Other retained earnings

Capital stock

Balance at beginning of current period

Legal capitalsurplus30,043

Other capitalsurplus

Total capitalsurplus―18,585

18,585

Legal retained
earnings

Reserve foradvanceddepreciation of
non-current assets

General reserve

Retained earnings
brought forward

30,043

59

103,032

91,731

Changes of items during period
Dividends of surplus(3,227)

Net income

15,025Purchase of treasury shares
Disposal of treasury shares

2,605

2,605

Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period

―

―

2,605

2,605

―

―

―

11,79830,043

18,5852,605

21,191

30,043

59

103,032

103,529

Total valuationand translation
adjustments

Total net assets

Shareholders' equity

Valuation and translation adjustments

Retained earnings

Balance at beginning of current period

Total retained
earnings

Treasury shares

224,866(18,111)

Total
shareholders'equity255,384

Net unrealized
gains(losses) on
available-forsalesecurities

Deferred
gains(losses) onhedges

(214)

(0)

(215)

255,169

Changes of items during period
Dividends of surplus(3,227)(3,227)(3,227)

Net income

15,02515,02515,025Purchase of treasury shares(22,149)(22,149)(22,149)

Disposal of treasury shares

14,525

17,13017,130Net changes of items other thanshareholders' equity

15,8395

15,845

15,845

Total changes of items during period

11,798(7,624)

6,779

15,8395

15,84522,624

Balance at end of current period

236,664(25,735)

262,163

15,625

4

15,630277,793－23－

Financial Results
For the fiscal year ended March 31, 2024

- Supplementary Information -SURUGA bank, Ltd.

Table of contents
Ⅰ. Financial highlights for the fiscal year ended March 31, 2024
1. Financial results

Non-consolidated

・・・・・・・・

2. Major accounts

Non-consolidated

・・・・・・・・

3. Management indicesNon-consolidated

・・・・・・・・

Non-consolidated, Consolidated

・・・・・・・・

5. Unrealized gains (losses) on securities

Non-consolidated

・・・・・・・・

6. Earnings forecasts and actual results

Non-consolidated, Consolidated

4. Own capital

1
3
6
7
8

7. Asset quality

Non-consolidated

・・・・・・・・

8. Credit costs

Non-consolidated

・・・・・・・・

9
10

9. Dividends

Non-consolidated

・・・・・・・・・・・・・・・・

11
12

・・・・・・・・

13

Ⅱ. Financial data for the fiscal year ended March 31, 2024
1. Details of financial results

Non-consolidated
Consolidated

2. Net operating profit

Non-consolidated

3. Interest margins

Non-consolidated

4. ROA and ROE

Non-consolidated

5. Gains (losses) on securities

Non-consolidated

6. Capital adequacy ratio (domestic standard)

Non-consolidated, Consolidated

・・・・・・・・

7. Composition of own capital (domestic standard)

Non-consolidated, Consolidated

・・・・・・・・

14
15

Non-consolidated

・・・・・・・・

16

1. Risk-monitored loans

Non-consolidated, Consolidated

・・・・・・・・

2. Allowance ratio for risk-monitored loans

Non-consolidated, Consolidated

・・・・・・・・

17
18

3. Allowance for loan losses

Non-consolidated, Consolidated

・・・・・・・・

19

・・・・・・・・

20

Non-consolidated, Consolidated

・・・・・・・・

21

Non-consolidated, Consolidated

・・・・・・・・

21

Ⅲ. Status of Loans, etc.
Status of self-assessment, non-performing loans based on the financial
Reconstruction Law and Risk-monitored loans.

4. Non-performing loans based on the Financial Reconstruction Law
5. Status of coverage of non-performing loans based on
the Financial Reconstruction Law

Non-consolidated
Non-consolidated

6. Loan breakdown by industry, etc.
(1) Loan breakdown by industry

Non-consolidated(2) Breakdown of risk-monitored loans by industry

Non-consolidated(3) Consumer loans

Non-consolidated(4) The ratio of loans to small- and medium-sized enterprises, etc.

Non-consolidated

7. Loan breakdown by country(1) Loans to specific foreign countries

Non-consolidated(2) Loans to Asian countries

Non-consolidated

8. Deposits and loans

Non-consolidated

9. Number of branches

Non-consolidated

Ⅳ. Unrealized gains (losses) on securities
1. Unrealized gains (losses)
Ⅴ. Retirement benefits
1. Retirement benefit expenses

Suruga bank, Ltd.

Ⅰ. Financial highlights for the fiscal year ended March 31, 2024
1. Financial results (Non-consolidated)

Gross operating profit
Net interest income
Net fees and commissions
Net other operating income (Note1)
Core gross operating profit
Expenses (-)
Core net operating profit (Note2)
Excluding gains (losses) on cancellation of investment trusts
Gains (losses) on bonds
Actual net operating profit (Note3)
Provision for general allowance for loan losses (-) (Note4)
Net operating profit
Disposal of non-performing loans (-)
Reversal of allowance for loan losses (Note4)
Recoveries on written-off claims
Gains (losses) on stocks
Ordinary profit
Gains (losses) on disposal of non-current assets
Impairment loss (-)
Net income

FY3/2024(a)
51,17561,473(2,984)25
58,51435,15923,35423,354(7,339)16,01516,015
8,796
4,547
6,308
2,150
20,156(600)
552
15,025(a) - (b)7,753
(3,200)1,433
34(1,731)(1,050)
(681)
(681)
9,484
8,803
8,803
2,844
500
3,224
(271)
8,889
(233)
(305)
5,488

(Millions of yen)
FY3/2023(b)
43,42264,673(4,417)(9)60,24536,20924,03524,035(16,823)
7,212
7,212
5,952
4,047
3,084
2,421
11,267
(367)
857
9,537

Net credit costs
4,248
2,343
1,905
(2,059)Actual credit costs (Note5)(881)(1,178)(Note1) Excludes Gains (losses) on bonds.
(Note2) Core net operating profit = Net operating profit + Provision for general allowance for loan losses- Gains (losses) on bonds(Note3) Actual net operating profit = Net operating profit + Provision for general allowance for loan losses(Note4) The net amount of provision for general allowance for loan losses and provision for specific allowance for loan losses isrecorded in reversal of allowance for loan losses.
(Note5) Actual credit costs = Net credit costs (Provision for general allowance for loan losses + Disposal of non-performing loans– Reversal of allowance for loan losses) - Recoveries on written-off claims(1) Core Gross operating profit: ¥58.5 billion
・Core gross operating profit decreased by ¥1.7 billion year-on-year, mainly due to a decrease in net interest income.
・Net interest income decreased by ¥3.2 billion year-on-year, mainly due to a decrease in interest on loans and bills discounted.

Core gross operating profit

Net interest income(Billions of yen)

80.1

(Billions of yen)

71.4

84.9
64.7

60.2

58.5

FY3/20 FY3/21 FY3/22 FY3/23 FY3/24

75.8

69.4

64.6

61.4

FY3/20 FY3/21 FY3/22 FY3/23 FY3/24－1－

Suruga bank, Ltd.

(2) Expenses; OHR (Based on core gross operating profit (excluding gains (losses) on cancellation of investment trusts): 60.0%
・Expenses decreased by ¥1.0 billion year-on-year, mainly due to a decrease in Non-personnel expenses.
・OHR declined year-on-year to 60.0%.
(OHR(%) = Expenses / Core gross operating profit (excluding gains (losses) on cancellation of investment trusts) × 100)

OHR

Expenses(Billions of yen)

56.4%

54.6%

61.3%

60.1%

60.0%

43.7

40.3

39.7

36.2

35.1

FY3/20FY3/21

FY3/22

FY3/23

FY3/24(3) Core net operating profit: ¥23.3 billion, Net operating profit: ¥16.0 billion
・Core net operating profit decreased by ¥0.6 billion year-on-year, mainly due to a decrease in net interest income exceeded a
decrease in expenses.
・Net operating profit increased by ¥8.8 billion year-on-year, mainly due to an increase in gains (losses) on bonds.

Core net operating profit

Net operating profit(Billions of yen)

50.1

7.2

36.3 36.5

31.1

25.0 36.1

24.0

23.3 16.0

FY3/20FY3/21

FY3/22

FY3/23

FY3/24(4) Ordinary profit: ¥20.1 billion
・Ordinary profit increased by ¥8.8 billion year-on-year.

(5) Net income: ¥15.0 billion
・Net income increased by ¥5.4 billion year-on-year, mainly due to an increase in ordinary profit.

(6) Actual credit costs: ¥(2.0) billion･Net credit costs increased by ¥2.3 billion year-on-year, mainly due to an increase in disposal of non-performing loans (¥2.8
billion) and an increase in reversal of allowance for loan losses (¥0.5 billion).
･Actual credit costs, calculated as net credit costs (¥4.2 billion) minus the amount of recoveries of written-off claims (¥6.3
billion) amounted to ¥(2.0) billion.

－2－

Suruga bank, Ltd.

2. Major accounts (Non-consolidated)(1) Loans and bills discounted
・Loans and bills discounted decreased by ¥13.4 billion, or 0.6% year-on-year.
Change in the balance of loans and bills discounted has moved from negative to positive since the second half of the fiscal year
ended March 31, 2024 (H1: -46.1 billion yen, H2: +32.7 billion yen)・Yield on loans and bills discounted dropped by 12 basis point year-on-year to 2.80%.
(Billions of yen)Mar. 31, 2024(a)
Loans and bills discounted

Mar. 31, 2023(a) – (b)(b)

2,066.7(13.4)

2,080.1

1,537.9(132.5)

1,670.4

Corporate investment real estate loans

101.8

44.3

57.4

Structured finance

172.2

45.7

126.4

2,049.0(36.4)

2,085.5(period-end balance)
Consumer loans

Loans and bills discounted(average balance)

Results of new loans(Billions of yen)Mar. 31, 2024

Mar. 31, 2023(a) – (b)

(a)

(b)

New consumer loans

88.1

29.9

58.2

New corporate investment real estate loans

46.7

20.8

25.9

Subtotal

134.8

50.7

84.1

New structured finance

87.9

15.8

72.1

New collaboration loans, etc.

25.8

(54.1)

79.9

Grand total

248.6

12.4

236.2

(Note1) New loans of the areas to be promoted under the “Re:Start 2025” Mid-term Business Plan and thereafter.
(Note2) Structured finance includes specified bonds, etc. and collaboration loans, etc. includes monetary claims bought.
(Note3) The main reason for the difference between the above results for the fiscal year ended March 2024 (FY2023) and the
FY2023 forecast as stated on page 5 of the attachment to the April 4, 2024 timely disclosure titled “Notice Regarding
Revisions to Mid-Term Business Plan KPIs,” was that the amount of refinancing and use of commitment lines and otheravailable credit facilities were taken into account in the structured finance figures.

Loans and bills discounted (period-end balance)
Consumer loans (period-end balance)

Yield on loans and bills discounted(Billions of yen)

2,496.1
2,307.0 2,310.9
2,138.5
2,066.7
2,080.1
2,075.5
1,838.5
1,670.4
1,537.9

Mar. 20

Mar. 21Mar. 22Mar. 23

Mar. 24
－3－

3.19%

3.12%

3.02%

2.92%

2.80%

Mar. 20

Mar. 21Mar. 22Mar. 23

Mar. 24

Suruga bank, Ltd.

Outstanding balance, yield, delinquency rate by loan category(Billions of yen)Mar. 31, 2024
Period-end

Loan category
Secured loans

Delinquency Period-end

YieldbalanceMar. 31, 2023
balancerate

Delinquency

Yield

rate

1,424.3

2.94%

7.21%

1,542.6

3.05%

7.02%

Housing loans

420.8

2.56%

0.29%

430.5

2.69%

0.27%

Investment property loans

972.1

3.07%

10.44%

1,079.6

3.16%

9.91%

Other secured loans

31.4

4.06%

0.23%

32.4

4.26%

0.34%

Unsecured loans

113.5

10.50%

1.78%

127.8

10.47%

2.36%

Card loans

82.6

11.63%

0.63%

89.0

11.74%

0.88%

Unsecured certificate loans

30.8

7.47%

4.88%

38.7

7.54%

5.77%

1,537.9

3.50%

6.81%

1,670.4

3.62%

6.66%

1,442.4-

1.38%

1,569.3-

1.60%

Consumer loans(A)

Consumer loans(excluding organizational negotiation partners)
Corporate investment real estate loans

(B)

101.8

1.69%

-

57.4

1.77%

-

Structured finance

(C)

177.6

2.32%

-

126.4

2.37%

-

Collaboration loans, etc.

(D)

141.1

2.15%

0.03%

131.5

2.08%

-

(A) + (B) + (C) + (D)1,958.6

3.20%

5.35%

1,985.8

3.38%

5.60%

Total

(Note1) Delinquency rate = Loans past due 3 months or more / Loans(Note2) Yield: Yield for customers (guarantee fee and accrued interest are not taken into account), period-end balance basis(Note3) Classified by the areas to be promoted under the “Re:Start 2025” Mid-term Business Plan and thereafter.
Corporate investment real estate loans include investment real estate loans for asset management companies, etc.
Structured finance includes specified bonds, etc.
Collaboration loans, etc. are loans made jointly or in partnership with other companies (loan participations, purchases ofcorporate loans, etc.)(Note4) Organizational negotiation partners are customers who have suspended repayment as a result of structured negotiations

Actual credit costs and Allowance for loan losses(Billions of yen)
ItemMar. 31, 2024
Actual credit costs

Allowance

Investment property loans

(0.6)

96.0

Housing loans

(0.1)

1.8

Unsecured loans

0.1

2.2

Collaboration loans, etc.

(0.0)

0.2

Business financing loans, etc.

(1.3)

7.2

Total

(2.0)

107.6

(Note) Investment property loans: Studio apartment loans, Single building apartment loans and other secured loans－4－Suruga bank, Ltd.

(2) Deposits
・Deposits decreased by ¥105.2 billion, or 3.1% year-on-year.
・Yield on deposits was 0.03%.

(Billions of yen)Mar. 31, 2024(a)
Deposits (period-end balance)

Mar. 31, 2023(a) - (b)(b)

3,250.4(105.2)

3,355.7

Individual deposits

2,610.9(67.6)

2,678.5

Deposits (average balance)

3,278.4(61.0)

3,339.4

Deposits (period-end balance)
Individual deposits (period-end balance)

Yield on deposits(Billions of yen)
3,250.4
3,355.7
3,312.1
3,210.8
3,250.4
2,678.5
2,637.4
2,688.1
2,515.1
2,610.9

Mar. 20

Mar. 21Mar. 22Mar. 23

Mar. 24

0.04%

0.04%

Mar. 20

Mar. 210.04%

Mar. 22

0.03%

0.03%

Mar. 23

Mar. 24(3) Net fees and commissions
・Net fees and commissions increased by ¥1.4 billion year-on-year, mainly due to an increase (¥0.1 billion) in fees andcommissions, a decrease (¥1.2 billion) in fees and commissions payments.

Net fees and commissions(Millions of yen)

Fees and commissions

Fees and commissions payments

14,994
11,8608,118(6,876)

FY3/20

7,492(4,367)

FY3/21

11,438
6,734

10,683
6,265(4,417)(4,704)

FY3/22－5－

FY3/23

9,432
6,447

(2,984)

FY3/24

Suruga bank, Ltd.

(4) Individual deposit assets
・Individual deposit assets decreased by ¥43.6 billion year-on-year.
・The ratio of investment products to total individual deposit assets rose by 90 basis points year-on-year to 4.5%

(Millions of yen)Mar. 31, 2024(a) - (b)(a)
Individual deposit assets

Mar. 31, 2023

Sep. 30, 2023

(b)

(c)

2,734,405(43,634)

2,778,039

2,760,731

2,609,110(66,946)

2,676,056

2,648,666

125,294

23,312

101,982

112,064

Foreign currency deposits

1,807

(655)

2,462

2,350

Public bonds

4,627

736

3,891

4,046

Mutual funds

71,446

8,618

62,82865,605

Personal pension plans

23,637

9,418

14,21919,242Single premium life insurance

23,775

5,194

18,581

20,819

4.5%

0.9%

3.6%

4.0%

Yen deposits
Investment products

The ratio of investment products tototal individual deposit assets

3. Management indices (Non-consolidated)(1) Interest margins
・Loan-deposit margin (after deduction of expenses) shrunk by 10 basis points year-on-year to 1.70%.
・Net interest margin shrunk by 4 basis points year-on-year to 0.73%, mainly due to the decline in yield on interest earning assets.

(%)
FY3/2024

FY3/2023(a)(b)(a) - (b)Loan-deposit margin

2.77(0.11)

2.88

Loan-deposit margin (after deduction of expenses)

1.70(0.10)

1.80

Net interest margin

0.73(0.04)

0.77

Loan-deposit margin
Loan-deposit margin (after deduction of expenses)
Net interest margin
3.15%
1.74%

1.14%
FY3/20

3.07%

2.97%

2.88%

2.77%

1.81%

1.77%

1.80%

1.70%

0.94%

0.78%

0.77%

FY3/21

FY3/22

FY3/230.73%
FY3/24－6－

Suruga bank, Ltd.

4. Own capital・Capital adequacy ratio (Non-consolidated) rose by 96 basis points year-on-year to 14.00 %.

Non-consolidated(Millions of yen)Mar. 31, 2024

Mar. 31, 2023

Capital adequacy ratio

14.00%

13.04%

Own capital (Core capital)

258,609251,896

Core capital: instruments and reserves

280,990

276,161Core capital: regulatory adjustments (-)

22,38024,264

Risk-weighted assets

1,846,272

1,930,471

Total required capital

73,85075,759Consolidated(Millions of yen)Mar. 31, 2024

Mar. 31, 2023

Capital adequacy ratio

14.44%

13.43%

Own capital (Core capital)

271,421264,173

Core capital: instruments and reserves

297,905

291,739

Core capital: regulatory adjustments (-)

26,48427,566

Risk-weighted assets

1,879,337

1,966,465

Total required capital

75,173

77,199

Capital adequacy ratio （non-consolidated）
Own capital (non-consolidated)(Billions of yen)

10.28%

241.4

Mar. 20

12.13%

12.35%

13.04%

14.00%

258.8

245.2

251.8

258.6

Mar. 21Mar. 22Mar. 23

Mar. 24－7－

Suruga bank, Ltd.

5. Unrealized gains (losses) on securities (Non-consolidated)
・Net unrealized gains on securities increased by ¥23.0 billion year-on-year.

(Millions of yen)Mar. 31, 2024(a)
Available-for-sale securities

Mar. 31, 2023(a) – (b)(b)

21,74223,012(1,270)Stocks25,287

17,546

7,741

Bonds

(933)

(609)

(324)

Others(2,611)

6,076(8,687)

6. Earnings forecasts and actual results
Consolidated(Millions of yen)Mar. 31, 2023

Mar. 31, 2024

Mar. 31, 2025
(forecast)Ordinary profit

13,266

20,641

19,000

Profit attributable to owners of parent

10,576

15,375

14,500Non-consolidated(Millions of yen)Mar. 31, 2023
Core gross operating profit(excluding gains (losses)
on cancellation of investment trust)Expenses (-)

Mar. 31, 2024

Mar. 31, 2025
(forecast)

60,24558,51456,00036,20935,15935,500

Actual credit costs (-)(1,178)(2,059)3,000

Gains ( losses ) on securities(14,402)(5,188)-

Ordinary profit

11,267

20,156

18,500Net income

9,537

15,025

14,500

ROE(Net income basis）

3.87%

5.67%

5.59%

(Note) The performance forecasts and other forward-looking statements in this report are based on information currently available
to the company and on certain assumptions deemed to be reasonable, and are not intended to guarantee future performance. Actual
performance may differ materially depending on various factors.

－8－Suruga bank, Ltd.

7. Asset quality (Non-consolidated)(1) Non-performing loans based on the Financial Reconstruction Law
・Non-performing loans based on the Financial Reconstruction Law decreased by ¥14.0 billion year-on-year.
・Non-performing loan ratio declined by 60 basis points year-on-year to 9.88 %.
Non-performing loan ratio that excluding organizational negotiation partners declined by 57 basis points year-on-year （As of
March 31, 2023:6.52%, As of March 31, 2024:5.95%）
Outstanding balance(Millions of yen, %)Mar. 31, 2024(a)
Claims against bankrupt and(a) - (b)(a) - (c)Sep. 30, 2023

Mar. 31, 2023

(b)

(c)

113,939(3,669)(4,906)

117,608

118,845

Claims with collection risk

53,336

12,294

6,131

41,042

47,205

Claims for special attention

37,964(11,083)(15,291)

49,04753,255substantially bankrupt obligors

Total

(A)

205,239(2,459)(14,068)

207,698

219,307

Total claims(B)

2,075,741

32,001(15,040)

2,043,740

2,090,781

(A/B)

9.88

(0.28)(0.60)

10.16

10.48

Non-performing loan ratio
Status of coverage(Millions of yen, %)Claimsagainstbankrupt andsubstantiallybankrupt
obligors

Claims withcollection risk

Claims for
specialattention

Total

Change from
Mar. 31, 2023

Non-performing loans(A)

113,939

53,33637,964205,239(14,068)

Covered amount (C+D)(B)

113,939

34,691

22,758

171,389(8,648)(C)

43,29322,481

13,62379,397(3,429)(D)

70,645

12,2109,135

91,991(5,220)100.00

65.04

59.94

83.50

1.41

70,64530,85524,340125,841(10,639)100.00

39.57

37.53

73.10

1.88

73,96426,36736,148

136,480

100.00

41.97

33.68

71.22

Portion secured by collateralor guarantees, etc.
Allowance for loan losses
Coverage ratio (B/A)
Unsecured portion (A-C)(E)

Allowance ratio for unsecured portion(D/E)(Reference) As of Mar. 31, 2023
Unsecured portion
Allowance ratio for unsecured portion(2) Risk-monitored loans(Millions of yen, %)Mar. 31, 2024(a)
Claims against bankrupt and(a) - (b)(a) - (c)Sep. 30, 2023

Mar. 31, 2023

(b)

(c)

113,939(3,669)(4,906)

117,608

118,845

Claims with collection risk

53,336

12,294

6,131

41,042

47,205Loans past due 3 months or more

1,184

(952)

(865)

2,136

2,049

Restructured loans

36,780(10,130)(14,426)

46,91051,206

Total

205,239(2,459)(14,068)

207,698

219,307

83.50(0.05)

1.41

83.55

82.09

substantially bankrupt obligors

Coverage ratio－9－Suruga bank, Ltd.

8. Credit costs (Non-consolidated)(Millions of yen, %)FY3/2024

FY3/2023(a)(b)(a) - (b)Provision for general allowance for loan losses

(1)

-

-

-

Disposal of non-performing loans

(2)

8,796

2,844

5,952

8,194

3,656

4,538

-

-

-

Losses on sales of delinquent loans

556

(846)

1,402

Provision for allowance for contingent losses

44

33

11

Write-off of loans
Provision for specific allowance for loan losses

Reversal of allowance for loan losses

(3)

4,547

500

4,047

Recoveries on written-off claims

A

6,308

3,224

3,084

Net credit costs(4) (= (1) + (2) －(3) )

4,248

2,343

1,905

Actual credit costs(4)－A(2,059)(881)(1,178)2,049,037(36,491)

2,085,528

Net credit costs ratio

0.20

0.11

0.09

Actual credit costs ratio(0.10)(0.05)(0.05)

Loans and bills discounted (average balance)(Note1) Net credit costs ratio = Net credit costs / Loans and bills discounted (average balance)(Note2) Actual credit costs ratio = Actual credit costs / Loans and bills discounted (average balance)(Note3) The net amount of provision for general allowance for loan losses and provision for specific allowance for loan losses isrecorded in reversal of allowance for loan losses.

9. Dividends
・After comprehensively taking into account trends in business performance for the fiscal year ended March 31, 2024, theactual results of share buybacks implemented in FY2023, the soundness of the Bank's capital, and its financial position going
forward, The company has decided to pay a year-end dividend of ¥14.0 per share and an annual dividend of ¥21.0 per share.
(yen)
FY3/2023

FY3/2024(result)

Annual dividend per share

21.00

9.00

Interim dividend

7.00

0.00

Year-end dividend

14.00

9.00

－10－

Suruga bank, Ltd.

Ⅱ. Financial data for the fiscal year ended March 31, 2024
1. Details of financial results (Non-consolidated)

Gross operating profit(excluding gains (losses) on bonds)
Domestic gross operating profit(excluding gains (losses) on bonds)
Net interest income
Net fees and commissions
Net other operating income(of which, Gains (losses) on bonds)
International gross operating profit(excluding gains (losses) on bonds)
Net interest income
Net fees and commissions
Net other operating income(of which, Gains (losses) on bonds)
Expenses (excluding non-recurring losses)
Personnel expenses
Non-personnel expenses
Taxes
Actual net operating profit
Core net operating profit
Excluding gains (loss) on cancellation of
investment trust
Provision for general allowance for loan losses
Net operating profit
Gains (losses) on bonds
Non-recurring gains (losses)
Reversal of allowance for loan losses
Recoveries on written-off claims
Gains (losses) on stocks
Ordinary profit
Extraordinary gains (losses)
Gains (losses) on disposal of non-current assets
Impairment loss
Income before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income

（
（

（
（

（

(1)Provision for general allowance for loan losses(2)Disposal of non-performing loans
Write-off of loans
Provision for specific allowance for loan losses
Losses on sales of delinquent loans
Provision for allowance for contingent losses(3) Reversal of allowance for loan losses
Provision for general allowance for loan losses
Provision for specific allowance for loan losses(4)Net credit costs (1)+(2)-(3)(5)Recoveries on written-off claims(6)Actual credit costs (4)-(5)

－11－

7,753
(1,731)
2,547(1,783)(3,215)
1,432
4,330
4,330
5,206
52
15
1
5,189
5,154
(1,050)(243)(1,059)
253
8,803
(681)

(Millions of yen)
FY3/2023(b)
43,42260,245 ）48,54260,211 ）64,650(4,439)(11,669)(11,669) ）(5,120)34 ）22
21(5,164)(5,154) ）36,20913,657
19,9102,641
7,212
24,03523,354(681)

24,03516,015(7,339)
4,141
4,547
6,308
2,150
20,156(1,153)(600)
552
19,003
2,958
1,019
3,977
15,025

8,803
9,484
86
500
3,224
(271)
8,889
72
(233)
(305)
8,961
2,907
566
3,473
5,488

7,212
(16,823)
4,055
4,047
3,084
2,421
11,267(1,225)(367)
857
10,042
51
453
504
9,537

8,796
8,194
556
44
4,547
9,011
(4,464)
4,248
6,308(2,059)

2,844
3,656
(846)
33
500
4,127
(3,627)
2,343
3,224
(881)

5,952
4,538
1,402
11
4,047
4,884
(837)
1,905
3,084
(1,178)

FY3/2024(a)
51,17558,51451,08958,42861,435(3,007)(7,339)(7,339)
86
86
37
22
25
35,15913,41418,851
2,894
16,01523,354(a) - (b)Suruga bank, Ltd.

Details of financial results (Consolidated)(Millions of yen)
FY3/2024(a)
55,97865,132(2,117)(7,037)38,180
(478)
2,264
101
20,641(1,161)
19,480
3,081
1,017
4,099
6
15,375

Consolidated gross profit
Net interest income
Net fees and commissions
Net other operating income
Expenses (excluding non-recurring losses)
Actual credit costs
Gains (losses) on stocks
OthersOrdinary profit
Extraordinary gains (losses)
Income before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Profit attributable to non-controlling interests
Profit attributable to owners of parent

10,261
8,356
1,859
44
4,374
9,254
(4,879)
5,886
6,365
(478)

(1)Provision for general allowance for loan losses(2)Disposal of non-performing loans
Write-off of loans
Provision for specific allowance for loan losses
Losses on sales of delinquent loans
Provision for allowance for contingent losses(3) Reversal of allowance for loan losses
Provision for general allowance for loan losses
Provision for specific allowance for loan losses(4)Net credit costs (1)+(2)-(3)(5)Recoveries on written-off claims(6)Actual credit costs (4)-(5)8,895(2,047)
1,404
9,538
(973)
(788)
(2,715)
(566)
7,375
69
7,444
1,710
931
2,642
5
4,799

FY3/2023(b)
47,08367,179(3,521)(16,575)
39,153
310
4,979
667
13,266(1,230)12,036
1,371
86
1,457
1
10,576

2,691
3,663(1,006)
33
258
3,993
(3,735)
2,432
3,222
(788)

7,570
4,693
2,865
11
4,116
5,261
(1,144)
3,454
3,143
310

(a) - (b)(Note) Consolidated gross profit = (Interest income - Interest expenses) + (Fees and commissions - Fees and commissions
payments) + (Other operating income - Other operating expenses)(Reference)
Consolidated net operating profit

17,797

9,867(Millions of yen)
7,930

(Note) Consolidated net operating profit = Consolidated gross profit - Consolidated expenses - Consolidated provision for generalallowance for loan losses(Number of consolidated subsidiaries and affiliates)
Consolidated subsidiaries

6-(Companies)6

2. Net operating profit (Non-consolidated)(Millions of yen)
FY3/2024(a)
16,015
12,853

Net operating profit
Per employee (Thousands of yen)

－12－(a) - (b)
8,803
7,414

FY3/2023
(b)
7,212
5,439

Suruga bank, Ltd.

3. Interest margins (Non-consolidated)
Overall(%)
FY3/2024(a)
Return on investments(A)
Yield on loans and bills discounted
Yield on securities
Yield on interest bearing liabilities(B)
Yield on deposits
Loan-deposit margin(after deduction of expenses)
Net interest margin(A) - (B)FY3/2023(b)(a) - (b)
1.84
2.80
0.37
1.10
0.03

(0.05)(0.12)(0.18)(0.02)
0.00

1.89
2.92
0.55
1.12
0.03

1.70

(0.10)

1.80

0.73(0.04)

0.77

Domestic(%)
FY3/2024(a)
Return on investments(A)
Yield on loans and bills discounted
Yield on securities
Yield on interest bearing liabilities(B)
Yield on deposits
Loan-deposit margin(after deduction of expenses)
Net interest margin(A) - (B)FY3/2023(b)(a) - (b)
1.84
2.80
0.46
1.10
0.03

(0.05)(0.12)(0.26)
0.00
0.00

1.89
2.92
0.72
1.10
0.03

1.70

(0.11)

1.81

0.74(0.05)

0.79

4. ROA and ROE (Non-consolidated)(%)
FY3/2024
(a)
ROA
ROE

Net operating profit basis
Net income basis
Net operating profit basis
Net income basis

FY3/2023(b)(a) - (b)
0.44
0.42
6.05
5.67

0.25
0.16
3.12
1.80

0.19
0.26
2.93
3.87

5. Gains (losses) on securities (Non-consolidated)(Millions of yen)

Gains (losses) on bonds
Gains on sales
Gains on redemptions
Losses on sales
Losses on redemptions
Losses on devaluation

FY3/2024(a)(7,339)
821
1,851
6,309
-

Gains (losses) on stocks
Gains on sales
Losses on sales
Losses on devaluation

2,150
2,170
19
0

－13－

9,484
517
111
(9,078)-

FY3/2023(b)(16,823)304
1,740
15,387
-

(271)
(371)
19
(120)

2,421
2,541
120

(a) - (b)Suruga bank, Ltd.

6. Capital adequacy ratio (domestic standard)
Non-consolidated(Millions of yen)

Capital adequacy ratio
Own capital (Core capital)
Core capital: instruments and reserves
Core capital: regulatory adjustments (-)
Risk-weighted assets

Total required capitalMar. 31, 2024(a)
14.00%
258,609
280,990
22,3801,846,272
73,850(a) - (b)
0.96%
6,713
4,829
(1,884)(84,199)(1,909)Mar. 31, 2023(b)
13.04%
251,896
276,161
24,264
1,930,471
75,759Consolidated(Millions of yen)

Capital adequacy ratio
Own capital (Core capital)
Core capital: instruments and reserves
Core capital: regulatory adjustments (-)
Risk-weighted assets

Total required capitalMar. 31, 2024(a)
14,44%
271,421297,905
26,484
1,879,337
75,173－14－(a) - (b)
1.01%
7,248
6,166
(1,082)(87,128)(2,026)

Mar. 31, 2023(b)
13.43%
264,173
291,739
27,566
1,966,465
77,199Suruga bank, Ltd.

7. Composition of own capital (domestic standard)(Millions of yen）
Mar. 31, 2024
Non-consolidated
ConsolidatedCore capital: instruments and reserves(1)
Directly issued qualifying common stock or preferred stock mandatorily convertible into common stock
capital plus related capital surplus and retained earnings
Capital and capital surplus
Retained earnings
Treasury shares (-)
Earnings to be distributed (-)
Accumulated other comprehensive income included in Core capital
Remeasurements of defined benefit plans
Subscription rights to acquire common stock or preferred stock mandatorily convertible into common
stockAdjusted non-controlling interests (amount allowed to be included in Core capital)
Reserves included in Core capital: instruments and reserves
General allowance for loan losses
Eligible non-cumulative perpetual preferred stock subject to transitional arrangement included in Core
capital: instruments and reserves
Eligible capital instrument subject to transitional arrangement included in Core capital: instruments andreserves
Capital instrument issued through the measures for strengthening capital by public institutions included
in Core capital: instruments and reserves
45% of revaluation reserve for land included in Core capital: instruments and reserves
Non-controlling interests included in Core capital subject to transitional arrangementsCore capital: instruments and reserves(A)Core capital: regulatory adjustments(2)
Total intangible fixed assets (net of related tax liability, excluding those relating to mortgage servicing
rights)Goodwill (including those equivalent)
Other intangible fixed assets other than goodwill and mortgage servicing rights
Deferred tax assets that rely on future profitability excluding those arising from temporary differences(net of related tax liability)
Shortfall of eligible provisions to expected losses
Gains on sale related to securitization transactions
Gains (losses) due to changes in own credit risk on fair valued liabilities
Prepaid pension cost
Net defined benefit asset
Investments in own shares (excluding those reported in the net assets)
Reciprocal cross-holdings in relevant capital instruments issued by other financial institutions
Investments in the capital of banking, financial and insurance entities that are outside the scope of
regulatory consolidation (“Other financial institutions”), net of eligible short positions, where the bankdoes not own more than 10% of the issued share capital (amount above the 10% threshold)Amount exceeding the 10% threshold on specified items
Significant investments in the common stock of Other financial institutions, net of eligible shortpositions
Mortgage servicing rights
Deferred tax assets arising from temporary differences (net of related tax liability)
Amount exceeding the 15% threshold on specified items
Core capital: regulatory adjustments(B)
Total capital
Total capital
(A-B)
(C)
Risk-weighted assets(3)
Credit risk-weighted assets
Total of items included in risk-weighted assets subject to transitional arrangements
Amount equivalent to market risk × 12.5
Amount equivalent to operational risk × 12.5
Credit risk-weighted assets adjustments
Amount equivalent to operational risk adjustments
Total amount of risk-weighted assets(D)
Capital adequacy ratio (non-consolidated)
Capital adequacy ratio (non-consolidated)(C/D)
Capital adequacy ratio (consolidated)
Capital adequacy ratio (consolidated)
(C/D)

－15－

259,464

273,378

51,234
236,664
25,735
2,699-

34,622
267,190
25,735
2,699
2,815
2,815

-

-

21,526
21,526

21,70021,700

-

-

-

-

-

-

280,99010
297,905

8,427

9,636

8,427

1,035
8,601

772

851

13,180-15,995
-

-

-

-

-

-

-

22,38026,484

258,609271,421

1,722,099
124,172
1,846,272

1,736,090
143,246
1,879,337

14.00%--

14.44%

Suruga bank, Ltd.

Ⅲ. Status of loans, etc.
Status of self-assessment, non-performing loans based on the financial Reconstruction Law and Risk-monitored loans.
Non-consolidated (As of March 31, 2024)(Millions of yen)
Non-performing loans based on the
Financial Reconstruction Law and Risk-monitored loans

Self-assessment result(by obligor classification)* Includes total claims (“Claims for special attention” includes only loans
and bills discounted).

* Includes total claims.

Classification

Category
Creditbalance

Nonclassification

Classification
Ⅱ

Classification
Ⅲ

Category

ClassificationⅣ

Credit balance

Collateral or
guarantees,etc.

Allowance

43,29370,645100.00%22,481

12,21065.04%

13,6239,135

59.94%

79,39791,99183.50%

Coverage
ratio

Bankrupt obligors
670
[307]
Effectively bankrupt
obligors

307

362

-

70,49542,773-[70,338]

15,372

19,31918,644[12,210]-113,268[70,338]
Potentiallybankrupt obligors[307]

53,336[12,210]Claims against bankrupt
and substantially bankrupt
obligors
113,939

Claims with collection risk
53,336Loans past

Substandard
obligors
Obligors
requiring
caution124

47,611--Claimsfor
specialattentiondue 3 months or more
1,184
Restructured loans
36,78047,736
Subtotal
205,239

Other
obligors
requiring
caution

9,841

504,358-

Normal assets

514,200

1,870,501
Normal obligors

1,346,528---

1,442,669

614,426

18,644[12,210][70,645]

1,346,528

Total
2,075,741[82,856]

Total
2,075,741(Note1) “Total claims” includes “Loans and bills discounted”, “Customers’ liabilities for acceptances and guarantees”, “Foreignexchanges”, “Suspense payment” and “Accrued interest”.
(Note2) Numbers shown in brackets under “Self-assessment result” represent the reserved amount for each category.

－16－

Suruga bank, Ltd.

1. Risk-monitored loans
The following table shows figures after deduction of partial direct write-off of loans.
The amounts of partial direct write-off of loans for the fiscal year ended March 31, 2024 were as follows:(a) Non-consolidated: ¥13,094 million; (b) Consolidated: ¥13,094 million
Loans to “Potentially bankrupt obligors”, “Effectively bankrupt obligors” and “Bankrupt obligors” under self-assessment areplaced on non-accrual status.
Non-consolidated(Millions of yen, %)Mar. 31, 2024(a)

Claims against bankrupt andsubstantially bankrupt obligors
Claims with collection risk

Riskmonitored
Loans past due 3 months or moreloans
Restructured loans
Total
Loans and bills discounted(period-end balance)

Claims against bankrupt andsubstantially bankrupt obligors％ to loans
Claims with collection risk
and bills
Loans past due 3 months or morediscounted
Restructured loans
Total(a) - (b)(a) - (c)Sep. 30, 2023(b)Mar. 31, 2023
(c)

113,939(3,669)(4,906)

117,608

118,845

53,336
1,184
36,780205,239

12,294(952)(10,130)(2,459)

6,131
(865)
(14,426)(14,068)

41,042
2,136
46,910207,698

47,2052,049
51,206219,3072,075,741

32,001(15,040)

2,043,740

2,090,781

5.48(0.27)(0.20)

5.75

5.68

2.56
0.05
1.77
9.88

0.56
(0.05)(0.52)(0.28)

0.31(0.04)(0.67)(0.60)

2.00
0.10
2.29
10.16

2.25
0.09
2.44
10.48

Consolidated(Millions of yen, %)Mar. 31, 2024(a)
Claims against bankrupt andsubstantially bankrupt obligors
Claims with collection risk

Riskmonitored
Loans past due 3 months or moreloans
Restructured loans
Total
Loans and bills discounted(period-end balance)

Claims against bankrupt andsubstantially bankrupt obligors％ to loans
Claims with collection risk
and bills
Loans past due 3 months or morediscounted
Restructured loans
Total(a) - (b)(a) - (c)Sep. 30, 2023(b)Mar. 31, 2023
(c)

114,388(3,740)(5,080)118,128

119,468

58,172
1,184
36,780210,525

12,366(952)(10,130)(2,458)

6,312
(865)
(14,426)(14,059)

45,8062,136
46,910212,983

51,8602,049
51,206
224,584

2,094,823

32,073(15,084)

2,062,750

2,109,907

5.46(0.26)(0.20)

5.72

5.66

2.77
0.05
1.75
10.04

0.55
(0.05)(0.52)(0.28)

0.32(0.04)(0.67)(0.60)

2.22
0.10
2.27
10.32

2.45
0.09
2.42
10.64

－17－

Suruga bank, Ltd.

2. Allowance ratio for risk-monitored loans
Non-Consolidated

Risk-monitored loans(A)
Collateral or guarantees, etc.
(B)
Allowance for loan losses(C)
Allowance ratio(C/A)
Coverage ratio(B+C)/(A)Mar. 31, 2024(a)
205,239
79,39791,991
44.82
83.50(a) - (b)(2,459)(357)(1,788)(0.33)(0.05)(a) - (c)(14,068)(3,429)(5,220)0.50
1.41(Millions of yen, %)Sep. 30, 2023
Mar. 31, 2023(b)(c)
207,698
219,30779,754
82,826
93,77997,211
45.15
44.32
83.55
82.09

(a) - (c)(14,059)(3,458)(5,196)0.53
1.33(Millions of yen, %)Sep. 30, 2023
Mar. 31, 2023(b)(c)
212,983
224,584
79,01982,04297,457
100,978
45.75
44.96
82.85
81.49

(a) - (c)(11,225)(9,064)(2,161)

Sep. 30, 2023(b)
111,857
29,714
82,143(Millions of yen)Mar. 31, 2023
(c)
118,92033,88785,033(a) - (c)(11,443)(9,308)(2,136)

Sep. 30, 2023(b)
117,017
31,19585,822(Millions of yen)Mar. 31, 2023(c)
124,295
35,49588,800(a) - (c)Sep. 30, 2023(b)(Millions of yen)Mar. 31, 2023(c)

Consolidated

Risk-monitored loans(A)
Collateral or guarantees, etc.
(B)
Allowance for loan losses(C)
Allowance ratio(C/A)
Coverage ratio(B+C)/(A)Mar. 31, 2024(a)
210,525
78,584
95,782
45.49
82.82(a) - (b)(2,458)(435)(1,675)(0.26)(0.03)

3. Allowance for loan losses
Non-consolidated

Allowance for loan losses
General allowance for loan losses
Specific allowance for loan losses

Mar. 31, 2024(a)
107,695
24,82382,872(a) - (b)(4,162)(4,891)729

Consolidated

Allowance for loan losses
General allowance for loan losses
Specific allowance for loan losses

Mar. 31, 2024(a)
112,852
26,187
86,664(a) - (b)(4,165)(5,008)842

4. Non-performing loans based on the Financial Reconstruction Law
Non-consolidated
Mar. 31, 2024(a)
Claims against bankrupt andsubstantially bankrupt obligors
Claims with collection risk
Claims for special attention
Total

(A)

(a) - (b)113,939(3,669)(4,906)

117,608

118,845

53,33637,964205,239

12,294(11,083)(2,459)6,131(15,291)(14,068)

41,042
49,047
207,698

47,20553,255219,307

5. Status of coverage of non-performing loans based on the Financial Reconstruction Law
Non-consolidated

Total coverage
Allowance for loan losses
Collateral or guarantees, etc.
Coverage ratio(B)Mar. 31, 2024(a)
171,389
91,991
79,397(a) - (b)(2,144)(1,788)(357)(a) - (c)(8,648)(5,220)(3,429)

(B/A)

83.50

(0.05)

1.41－18－(Millions of yen, %)Sep. 30, 2023
Mar. 31, 2023(b)(c)
173,533
180,037
93,77997,21179,754
82,826
83.55

82.09

Suruga bank, Ltd.

6. Loan breakdown by industry, etc.
(1) Loan breakdown by industry (Non-consolidated)(Millions of yen)Mar. 31, 2024(a)
Domestic offices (excluding Japan
offshore banking accounts)
Manufacturing
Agriculture and forestry
Fishery
Mining, quarrying and gravel
Construction
Utilities
Information and communication
Transportation and postal service
Wholesale and retail trade
Finance and insurance
Real estate, goods rental and leasing

Services
Government and municipal government

Others(a) - (b)(a) - (c)Sep. 30, 2023(b)Mar. 31, 2023
(c)

2,066,732

32,718(13,418)

2,034,014

2,080,150

38,510914
50
17,699816
1,709
15,45235,72740,928250,598
77,80928,296
1,559,103(249)(3,761)
(7)
0
1,744
9
(197)
2
3,315
9,400
56,231
5,108
1,853(40,732)

1,647(3,845)
(21)
0
1,532
(20)
(1,894)
855
1,966
7,640
91,241
2,638
1,872(117,034)

38,7593,770
2150
15,955807
1,906
15,45032,412
31,528194,367
72,701
26,443
1,599,835

36,8633,854
35
50
16,167836
3,603
14,59733,76133,288159,357
75,171
26,424
1,676,137(2) Breakdown of risk-monitored loans by industry (Non-consolidated)(Millions of yen)Mar. 31, 2024(a)
Domestic offices (excluding Japan
offshore banking accounts)
Manufacturing
Agriculture and forestry
Fishery
Mining, quarrying and gravel
Construction
Utilities
Information and communication
Transportation and postal service
Wholesale and retail trade
Finance and insurance
Real estate, goods rental and leasing

Services
Government and municipal government

Others (Note)(a) - (b)(a) - (c)Sep. 30, 2023(b)Mar. 31, 2023(c)

205,239(2,460)(14,068)

207,699

219,307

6,456
552
2
96
190
5,936
301
1,182
190,519(1,179)
(28)
0
(16)
(34)
174
(1)
(12)
(1,364)(1,294)
(37)
(1)
(16)
(29)
45
(4)
466
(13,199)

7,635
580
2
112
224
5,762
302
1,194
191,883

7,750
589
3
112
219
5,891
305
716
203,718(Note) “Others” includes real estate financing for rent to individuals.

－19－Suruga bank, Ltd.

(3) Consumer loans (Non-consolidated)(Millions of yen)Consumer loans
Secured loans
Housing loans
Unsecured loans
Corporate investment real estate loans
Structured finance
Total

Mar. 31, 2024(a)
1,537,916
1,424,393
420,804
113,523
101,826
172,233
1,811,975(a) - (b)(56,542)(50,004)(1,364)(6,537)
24,99531,048(499)(a) - (c)(132,528)(118,251)(9,789)(14,277)
44,35245,775(42,401)

Sep. 30, 2023(b)
1,594,458
1,474,397
422,168
120,060
76,831
141,185
1,812,474

Mar. 31, 2023
(c)
1,670,444
1,542,644
430,593
127,800
57,474
126,458
1,854,376

Sep. 30, 2023(b)Mar. 31, 2023
(c)

94.65

94.71

(4) The ratio of loans to small- and medium-sized enterprises, etc. (Non-consolidated)(%)
Mar. 31, 2024(a)
The ratio of loans to small- andmedium-sized enterprises, etc.

93.98(a) - (b)(a) - (c)(0.67)(0.73)(Note) “Loans to small- and medium-sized enterprises” includes consumer loans which comprise 74.41% of this total.

7. Loan breakdown by country(1) Loans to specific foreign countries (Non-consolidated)
Not applicable.
(2) Loans to Asian countries (Non-consolidated)
Not applicable.

8. Deposits and loans (Non-consolidated)(Millions of yen)

Deposits
Loans

period-end balance
average balance
period-end balance
average balance

Mar. 31, 2024(a)
3,250,493
3,278,400
2,066,732
2,049,037(a) - (b)(9,067)(44,413)32,718(9,083)(a) - (c)(105,247)(61,077)(13,418)(36,491)

Sep. 30, 2023(b)
3,259,560
3,322,813
2,034,014
2,058,120

Mar. 31, 2023
(c)
3,355,740
3,339,477
2,080,150
2,085,528

9. Number of branches (Non-consolidated)(Branches)

Number of branches

Mar. 31, 2024
(a)
107

－20－

(a) - (b)(a) - (c)(4)

(6)

Sep. 30, 2023(b)
111

Mar. 31, 2023(c)
113

Suruga bank, Ltd.

Ⅳ. Unrealized gains (losses) on securities
1. Unrealized gains (losses)
Non-consolidated
Fair
value

(Millions of yen)Mar. 31, 2023

Mar. 31, 2024

Sep. 30, 2023

Net unrealized gains (losses)

Net unrealized gains (losses)

Fair
value

Fair Net unrealized gains (losses)
value
Gains Losses

Gains Losses
Gains Losses
Available-for-sale
270,974 21,742 25,503
3,761 347,242
700 15,750
15,049 292,026 (1,270)
8,239
9,509
securities
46,935 25,287 25,287
Stocks39,041 15,688 15,718
29
15,598
7,741
7,841
100
Bonds
159,094(933)
191
1,125 187,977 (3,177)
27
3,204 154,701
(324)
397
721
Others64,944 (2,611)
24
2,635 120,224 (11,809)
5
11,815 121,726 (8,687)
8,687(Note1) Stocks of subsidiaries and affiliates are not included since they are not valuated with fair value.
(Note2) Net unrealized gains (losses) represent the difference between the fair value as of period-ends and acquisition costs.
Consolidated
Fair
Value

(Millions of yen)Mar. 31, 2023

Mar. 31, 2024

Sep. 30, 2023

Net unrealized gains (losses)

Net unrealized gains (losses)

Fair
Value

Fair Net unrealized gains (losses)
value
Gains Losses

Gains Losses
Gains Losses
Available-for-sale271,855 22,573 26,334
3,761 348,269
1,631 16,680
15,049 292,880
(511)
8,997
9,509
Securities
47,815 26,118 26,118
Stocks40,067 16,618 16,648
29
16,453
8,499
8,600
100
159,094
Bonds
(933)
191
1,125 187,977 (3,177)
27
3,204 154,701
(324)
397
721
Others64,944 (2,611)
24
2,635 120,224 (11,809)
5
11,815 121,726 (8,687)
8,687(Note1) Stocks of subsidiaries and affiliates are not included since they are not valuated with fair value.
(Note2) Net unrealized gains (losses) represent the difference between the fair value as of period-ends and acquisition costs.

Ⅴ. Retirement benefits
1. Retirement benefit expenses
Non-consolidated
416
97
(957)
(538)
208
(773)

(Millions of yen)
FY3/2023
406
97
(966)
(981)
216
(1,227)

441
97
(957)
(538)
232
(724)

(Millions of yen)
FY3/2023
429
97
(966)
(981)
242
(1,179)FY3/2024
Service cost
Interest cost
Expected returns on plan assets
Amortization of unrecognized net actuarial gains (losses)
Others (non-recurring extra retirement payments, etc.) (Note1)
Retirement benefit expenses(Note1) “Others” includes contribution to a defined contribution pension plan.
Consolidated
FY3/2024
Service cost (Note1)
Interest cost
Expected returns on plan assets
Amortization of unrecognized net actuarial gains (losses)
Others (non-recurring extra retirement payments, etc.) (Note2)
Retirement benefit expenses(Note1) Retirement benefit expenses of consolidated subsidiaries adopting a simplified method are included in “Service cost”.
(Note2) “Others” includes contribution to a defined contribution pension plan.

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