May 13, 2022

SURUGA bank, Ltd.
Consolidated financial results for the fiscal year ended March 31, 2022
<under Japanese GAAP>
Stock exchange listings: Tokyo (code: 8358)
URL:
https://www.surugabank.co.jp
Representative:
Kosuke Saga, President
Dividend payment date: June 13, 2022
(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, 2022
(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, 2022
92,072(7.7)
10,596(54.1)March 31, 2021
99,791(15.4)
23,113(44.6)(Note) Comprehensive income: (a) Fiscal year ended March 31, 2022: (¥2,673) million [- %](b) Fiscal year ended March 31, 2021: ¥30,036 million [97.7 %]

%

7,960
21,433(62.8)(15.3)

Earnings per share

Earnings per share(diluted)

yen

yen

%

%

%

34.72
92.52

-

2.8
7.9

0.2
0.6

11.5
23.1

Fiscal year ended
March 31, 2022
March 31, 2021

Return on
net assets

Millions of yen

Ordinary profit
on total assets

Ordinary profit
on ordinary income(Note) Earnings per share for the fiscal year ended March 31, 2021 and 2022 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, 2022
3,589,982
264,229
7.3
1,402.54
March 31, 2021
3,550,415
285,770
8.0
1,233.18(Reference) Shareholders’ equity: (a) As of March 31, 2022: ¥264,129 million; (b) As of March 31, 2021: ¥285,665 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, 2022
March 31, 2021

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

142,156
203,686(210,780)(129,269)(18,828)(1,158)855,818
943,263

2. Dividends on common stock
1st
quarter-end
Fiscal year
ended March 31, 2021
ended March 31, 2022
ending March 31, 2023
(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
0.00

-

5.00
6.00

5.00
6.00

1,158
1,129

5.4
17.2

0.4
0.4

-

0.00

-

6.00

6.00

16.1

3. Consolidated earnings forecast for the fiscal year ending March 31, 2023(% represents the change from the same period in the previous fiscal year)
Profit attributable
Ordinary profit
Earnings per shareto owners of parent

Ordinary income
Millions of yen

1H, FY3/2023
FY3/2023

42,50084,000%(21.5)(8.7)

Millions of yen

3,000
8,000

%

(85.9)(24.5)

Millions of yen

2,500
7,000

%

Yen

(85.9)(12.0)

13.27
37.17

(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: Yes(B) Changes in accounting policies due to reasons other than (A): No(C) Changes in accounting estimates: Yes(D) Restatements: No(3) Number of issued shares (common stock)(A) Number of issued shares
As of Mar. 31, 2022
(including treasury shares):232,139,248 shares

As of Mar. 31, 2021

232,139,248 shares
490,315 shares(B) Number of treasury shares:

As of Mar. 31, 2022

43,818,103 shares

As of Mar. 31, 2021

(C) Average number of shares:

Fiscal year ended
Mar. 31, 2022

229,201,640 sharesFiscal year ended
Mar. 31, 2021

231,649,482 shares(Reference) Summary of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended March 31, 2022
(1) Non-consolidated operating results(% represents the change from the previous fiscal year)
Ordinary profit
Net income

Ordinary income
Fiscal year ended
March 31, 2022
March 31, 2021

Millions of yen%

Millions of yen%

Millions of yen%

83,65889,217(6.2)(14.5)

10,093
19,982(49.4)(50.0)

7,854
18,941(58.5)(22.6)

Earnings per share(diluted)

Earnings per share
Fiscal year ended
March 31, 2022
March 31, 2021

Yen

Yen

34.26
81.76

-

(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, 2022
3,568,782
246,3566.9
1,308.17
March 31, 2021
3,527,376
265,1627.5
1,144.67(Reference) Shareholders’ equity: (a) As of March 31, 2022: ¥246,356 million; (b) As of March 31, 2021: ¥265,162 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, 2023(% represents the change from the same period in the previous fiscal year)
Profit attributable
Ordinary profit
Earnings per shareto owners of parent

Ordinary income
Millions of yen

1H, FY3/2023
FY3/2023

38,50076,000%(22.5)(9.1)

Millions of yen

3,000
7,500

%

(85.6)(25.6)

Millions of yen

2,500
6,500

%

Yen

(85.7)(17.2)

13.27
34.51

(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 and restatements) ·····

14(Changes in representation of consolidated financial statements) ····························

14(Segment information)··············································································

15(Per share data) ······················································································

16(Significant subsequent events) ···································································

16

4. Non-consolidated financial statements ·····························································

17(1) Non-consolidated balance sheets ································································

17(2) Non-consolidated statements of income ························································

19(3) Non-consolidated statements of changes in net assets ········································

21* Financial results for the fiscal year ended March 31, 2022 supplementary information－1－

Suruga bank, Ltd.

1. Overview of operating results, etc.
(1) Overview of operating results
In the fiscal year ended March 31, 2022, consolidated ordinary income decreased by ¥7.719 billion
year-on-year to ¥92.072 billion. This was mainly due to the decline in interest income reflecting the drop ininterest on loans and bills discounted. Meanwhile, ordinary expenses increased by ¥4.799 billion year-on-yearto ¥81.476 billion, mainly due to an increase in credit costs. As a result, ordinary profit decreased by ¥12.517
billion year-on-year to ¥10.596 billion, and profit attributable to owners of parent decreased by ¥13.473 billion
year-on-year to ¥7.960 billion.
Non-consolidated operating results were as follows:(A) Gross operating profit
Gross operating profit decreased by ¥7.233 billion year-on-year to ¥65.302 billion, mainly due to a drop(¥6.389 billion) in net interest income.
(B) Expenses
Expenses decreased by ¥0.615 billion year-on-year to ¥39.722 billion.
(C) Net operating profit
Core net operating profit decreased by ¥6.104 billion year-on-year to ¥25.036 billion, mainly due to adrop in net interest income.
Net operating profit decreased by ¥13.982 billion year-on-year to ¥36.149 billion, mainly due to anincrease in provision for general allowance for loan losses.
(Note) Core net operating profit = Net operating profit + Provision for general allowance for loan losses- Gains (losses) on bonds(D) Ordinary profit
Ordinary profit decreased by ¥9.889 billion year-on-year to ¥10.093 billion, mainly due to an increase in
net credit costs.
(E) Net income
Net income decreased by ¥11.087 billion year-on-year to ¥7.854 billion, mainly due to an increase in net
credit costs.
(F) Net credit costs
Provision for general allowance for loan losses increased by ¥7.364 billion year-on-year. Disposal of
non-performing loans decreased by ¥0.621 billion year-on-year to ¥31.558 billion. As a result, net credit
costs increased by ¥6.743 billion year-on-year to ¥20.989 billion.
Actual credit costs increased by ¥3.744 billion year-on-year to ¥16.032 billion.
(Note) Net credit costs = Provision for general allowance for loan losses+ Disposal of non-performing loans(Note) Actual credit costs = Net credit costs - Recoveries on written-off claims－2－Suruga bank, Ltd.

(2) Overview of financial position
As for consolidated major account balances, loans and bills discounted came in at ¥2,148.079 billion, downby ¥171.481 billion year-on-year. This was mainly due to the decrease (¥236.931 billion) in consumer loans(non-consolidated). Securities amounted to ¥463.432 billion, up by ¥196.086 billion year-on-year. Deposits
amounted to ¥3,307.307 billion, up by ¥61.367 billion year-on-year.
Non-consolidated major account balances were as follows:(A) Loans and bills discounted
Loans and bills discounted came in at ¥2,138.587 billion, down by ¥172.395 billion year-on-year.
Consumer loans amounted to ¥1,838.569 billion, down by ¥236.931 billion year-on-year. The averagebalance of loans and bills discounted in the fiscal year amounted to ¥2,244.398 billion, down by ¥170.357
billion year-on-year.
(B) Securities
Securities amounted to ¥466.243 billion, up by ¥195.804 billion year-on-year.
(C) Deferred tax assets (liabilities)
Deferred tax assets amounted to ¥15.639 billion, up by 2.355 billion year-on-year.
(D) Deposits
Deposits amounted to ¥3,312.181 billion, up by ¥61.698 billion year-on-year. Individual yen deposits
amounted to ¥2,684.636 billion, up by ¥51.255 billion year-on-year. The average balance of deposits in thefiscal year amounted to ¥3,291.572 billion, up by ¥97.084 billion year-on-year.
As for consolidated cash flows, cash flow from operating activities was a net inflow of ¥142.156 billion(compared to a net inflow of ¥203.686 billion in the previous fiscal year), this was mainly due to an increase indeposits and a decrease in loan and bills discounted. Cash flow from investing activities was a net outflow of¥210.780 billion (compared to a net outflow of ¥129.269 billion in the previous fiscal year), mainly due topurchase of securities. Cash flow from financing activities was a net outflow of ¥18.828 billion (compared to a
net outflow of ¥1.158 billion in the previous fiscal year), mainly due to cash dividends paid and purchase oftreasury shares.
As a result, cash and cash equivalents as of March 31, 2022 amounted to ¥855.818 billion, down by ¥87.445
billion year-on-year (compared to ¥943.263 billion as of March 31, 2021).

－3－

Suruga bank, Ltd.

(3) Future outlook
Earnings forecast for the fiscal year ending March 31, 2023 is as follows:
Consolidated

Ordinary income
Ordinary profit
Profit attributable toowners of parent
Non-consolidated

Ordinary income
Core net operating profit
Net operating profit
Ordinary profit
Net income
Actual credit costs
ROE (Net income basis)(Billions of yen)
FY3/2023 (Forecast)First half
Full year
42.5
84.0
3.0
8.0
2.5

7.0

(Billions of yen)
FY3/2023 (Forecast)First half
Full year
38.5
76.0
10.5
21.0
9.0
19.0
3.0
7.5
2.5
6.5
7.5

13.5

2.02%

2.64%

(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 bereasonable, and are not intended 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, 2021
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, net
Construction in progress
Other, net
Intangible assets
Software
Goodwill
Leased assets
Software in progress
Other
Net defined 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)
Net defined 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, 2022

953,932
19,000103
99
267,346
2,319,560
3,324
5,507
49,08434,6899,963
21,372
38
1,029
2,284
20,43917,599
1,424
14
1,032
369
22,442
11,331
1,565(158,011)
3,550,415

874,184
40,24459,73982
99463,432
2,148,079
2,292
5,066
45,24135,227
10,741
20,73846
806
2,893
18,474
16,380
1,294
132
301
365
20,50914,751
1,474(138,917)
3,589,982

3,245,940
5
14,754
492
41
272
183
305
89
994
1,565
3,264,644

3,307,307
41
14,479
486
41
292
205
247
75
1,102
1,474
3,325,753

Suruga bank, Ltd.

As of
Mar. 31, 2021
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
2,045
238,863(561)
270,391
8,954
(20)
6,341
15,274
104285,770
3,550,415－6－（Millions of yen ）As ofMar. 31, 2022
30,043
1,976
245,595(18,131)259,484
1,324
(3)
3,324
4,645
100
264,2293,589,982

Suruga bank, Ltd.

(2)Consolidated statements of income and Consolidated statements of comprehensive income
Consolidated statements of income

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 sale of bonds
Gain on redemption of bonds
Other
Other income
Recoveries of written off receivables
Gain on sale of equity securities
Other
Ordinary expenses
Interest expenses
Interest on deposits
Interest on call money and bills soldInterest 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
Provision of allowance for loan losses
Written-off of loans
Loss on devaluation of equity securities
Other
Ordinary profit－7－

For the fiscal year
ended
Mar. 31, 2021
99,791
83,163
81,223
1,111
0
805
22
8,593
4,727
604
912
3,210
3,307
2,170
69
1,067
76,677
1,563
1,486
0
0
77
11,943
3,408
150
308
2,949
43,494
16,266
3,213
5,171
0
7,881
23,113（Millions of yen ）For the fiscal year
ended
Mar. 31, 2022
92,07275,03071,906
2,038
1
820
263
7,683
3,741
616
3,124
5,617
5,035
5
576
81,476
1,489
1,461
27
11,620
2,922
72
2,850
41,18624,25814,250
5,654
27
4,325
10,596

Suruga bank, Ltd.

For the fiscal year
ended
Mar. 31, 2021
670
670
1,012
444
568
22,772
186
1,158
1,344
21,427(6)
21,433Extraordinary 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－8－（Millions of yen）
For the fiscal year
ended
Mar. 31, 2022
76
76
1,611
957
653
9,061
161
943
1,105
7,955
(4)
7,960

Suruga bank, Ltd.

Consolidated statements of comprehensive income（Millions of yen）

ProfitOther comprehensive income
Net unrealized gains(losses) on available-for-salesecurities
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, 2021
21,427For the fiscal year
ended
Mar. 31, 2022
7,955

2,677
3
5,928
8,609
30,036(7,629)16(3,016)(10,629)(2,673)30,043(6)(2,669)(4)

Suruga bank, Ltd.

(3)Consolidated statements of changes in net assets
For the fiscal year ended March 31, 2021
（Millions of yen）
Shareholders' equity
Capital stock
Balance at beginning of current
period30,043

CapitalsurplusRetainedearnings

2,045

218,587

Total
shareholders'equityTreasuryshares(561)

250,115

Changes of items during period
Dividends of surplus(1,158)(1,158)Net income

21,433

21,433Purchase of treasury shares
Disposal of treasury shares

(0)

(0)

(0)

0

0

Net changes of items other thanshareholders' equity

Total changes of items during
periodBalance at end of current
period-(0)20,275(0)

20,27530,043

2,045

238,863(561)

270,391

Accumulated other comprehensive income
Total
RemeasureDeferred
accumulated
ments ofgains(losses)
otherdefinedon hedges
comprehenbenefit plans
sive income

Noncontrollinginterests

Net unrealized
gains(losses)
on availableforsalesecurities

Balance at beginning of current
period

6,276

(23)

412

6,665

111

Total net
assets

256,892

Changes of items during period
Dividends of surplus(1,158)Net income

21,433Purchase of treasury shares(0)

Disposal of treasury shares0

Net changes of items other thanshareholders' equity

Total changes of items during
periodBalance at end of current
period

2,677

3

5,928

8,609

(6)

8,602

2,677

3

5,928

8,609

(6)

28,878

8,954

(20)

6,341

15,274

104285,770－10－Suruga bank, Ltd.

For the fiscal year ended March 31, 2022
（Millions of yen）
Shareholders' equity
Capital stock
Balance at beginning of current
periodCumulative effects of changes
in accounting policies
Restated balance

30,043

CapitalsurplusRetainedearnings

2,045

238,863

Treasuryshares(561)(69)
30,043

2,045

238,794

Total
shareholders'equity270,391
(69)

(561)

270,321

Changes of items during period
Dividends of surplus(1,158)(1,158)Net income

7,960

7,960

Purchase of treasury shares
Disposal of treasury shares(69)(17,669)(17,669)

99

30

Net changes of items other thanshareholders' equity

Total changes of items during
periodBalance at end of current
periodBalance at beginning of current
periodCumulative effects of changes
in accounting policies
Restated balance

-

(69)

6,801

(17,570)(10,837)

30,043

1,976

245,595(18,131)259,484

Accumulated other comprehensive income
Total
Net unrealized
RemeasureDeferred
accumulated
gains(losses)
ments ofon available- gains(losses)
otherdefinedforon hedges
comprehenbenefit plans
salesecurities
sive income

Noncontrollinginterests

8,954

(20)

6,341

15,274

104

Total net
assets285,770
(69)

8,954

(20)

6,341

15,274

104285,700

Changes of items during period
Dividends of surplus(1,158)Net income

7,960

Purchase of treasury shares(17,669)

Disposal of treasury shares

30

Net changes of items other thanshareholders' equity

Total changes of items during
periodBalance at end of current
period(7,629)16(3,016)(10,629)(4)(10,633)(7,629)16(3,016)(10,629)(4)(21,471)

1,324

(3)

3,324

4,645

100

264,229－11－

Suruga bank, Ltd.

(4) Consolidated statements of cash flows

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 directors' retirement benefits
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－

For the fiscal year
ended
Mar. 31, 2021

（Millions of yen）
For the fiscal year
ended
Mar. 31, 2022

22,772
5,524
568
129
(25,968)1
6(2)(1,191)
(270)
183
59
(49)
(83,163)
1,563(1,126)
(31)
(226)
77
183,277
41,148(4,372)(18,934)(1,108)2931
168
83,929(1,056)(2,029)200,810
2,875
203,686

9,061
5,638
653
129
(19,093)
(6)
19
(798)
22
(57)
(14)
(75,030)
1,489
(521)
(0)
880
20
171,480
61,367(7,697)(21,244)(59,739)
1,031
35
441
54
75,771(1,599)(1,621)
140,673
1,483
142,156

Suruga bank, Ltd.

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, 2021

（Millions of yen）
For the fiscal year
ended
Mar. 31, 2022

(151,298)
18,9883,854
847(1,927)2,970(2,704)(129,269)(211,860)
10
5,972
0
(3,442)258(1,719)(210,780)(1,158)(0)0(1,158)
1
73,259870,004
943,263(1,158)(17,669)
0(18,828)6(87,445)943,263
855,818

Suruga bank, Ltd.

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

(Change in accounting policies)(Application of Accounting Standard for Revenue Recognition)
The “Accounting Standard for Revenue Recognition” (Accounting Standards Board of Japan (ASBJ)
Statement No.29, March 31, 2020) was adopted from the beginning of the current fiscal year and recognizedrevenue when control of promised products or services is transferred to customers in an amount that is
expected to be received in exchange for those products or services.
The bank follows the transitional treatment stipulated in the provisions of Paragraph 84 of the AccountingStandard for Revenue Recognition. The cumulative effect of the retrospective application, assuming the new
accounting policy had been applied to periods prior to the beginning of this year, was added to or reduced
from the beginning balance of retained earnings of the current fiscal year.
There was minimal impact on the consolidated financial statements.
(Application of Accounting Standard for Fair Value Measurement)
The “Accounting Standard for Fair Value Measurement” (ASBJ Statement No.30, July 4, 2019) was
adopted from the beginning of the current fiscal year. In addition, in accordance with the transitional
treatment stipulated in Paragraph 19 of the Accounting Standard for Fair Value Measurement and Paragraph44-2 of the Accounting Standard for Financial Instruments(ASBJ Statement No.10,July 4, 2019), the Bank
decided to adopt a new accounting standard stipulated by the Accounting Standard for Fair Value
Measurement in the future. There was no impact on the consolidated financial statements.

(Changes in accounting estimates)
Previously, the bank had set the amortization period of actuarial gains and losses in accounting for retirement
benefits to 13 years. However, because the average remaining service life of employees was reduced, theamortization period has been revised to 12 years since the current fiscal year.
There was minimal impact on the consolidated financial statements.

－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, exchange and credit
card services. “Credit guarantee” includes credit guarantee 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, 2022
Reportable segment
CreditBankingguarantee
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

Others

Total

Adjustments(Millions of yen)Amount recordedin the consolidated
financial statements

83,509

1,753

6,809

92,072-

92,072

148

81

1,122

1,352

(1,352)-

83,658
10,0933,568,782

1,834
71
516

7,932
550
40,921

93,425
10,716
3,610,219(1,352)(119)(20,236)

92,072
10,596
3,589,982

5,428

16

193

5,638

-

5,638

653

-

-

653

-

653

4,968

48

144

5,161

-

5,161

(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 card services) which are not included in the reportable segments.
(Note3) “Adjustments” are as follows:(1) The negative adjustment of ¥119 million in segment profit consists of the following: amortizationof goodwill (- ¥129 million) and deduction of inter-segment transactions ¥9 million.
(2) The negative adjustment of ¥20,236 million in segment assets consists of the following: deductionof inter-segment transactions (- ¥24,999 million) and adjustment of net defined benefit assets¥4,762 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, 2022
1,402.54
34.72-

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, 2022
264,229
100
100

Millions of yen

264,129

Thousands ofshares188,321

2. Earnings per share
For the fiscal year ended
March 31, 2022
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

7,960

Millions of yen-

Millions of yen

7,960

Thousands ofshares229,201

3. Earnings per share (diluted) for the fiscal year ended March 31, 2022 is not provided because there are no
potentially shares.

(Significant subsequent events)
Not applicable.

－16－Suruga bank, Ltd.

4.Non-consolidated financial statements(1)Non-consolidated balance sheets（Millions of yen）
As of
Mar. 31, 2021
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
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 income
Financial derivatives
Other
Property, plant and equipment
Buildings, net
Land
Leased assets, net
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

953,21030,479922,730
19,000103
14
88
99
270,439
114,386
4,706
25,074
126,272
2,310,982
1,414
11,333
2,108,722
189,512
3,324
2,086
1,237
41,444
1,552
6,305
11
33,57533,682
9,457
21,011
214
1,029
1,969
18,712
17,321
1,027
363
13,357
13,284
1,565(151,831)
3,527,376

－17－

As of
Mar. 31, 2022
873,583
27,216846,366
40,24459,73982
1468
99
466,243
138,991
4,565
23,981
298,705
2,138,587
1,633
8,604
1,954,674
173,674
2,292
1,129
1,162
36,971
1,218
5,600
2
30,151
34,418
10,275
20,522
134
806
2,678
16,782
16,151
270
359
15,746
15,6391,474(133,124)
3,568,782

Suruga bank, Ltd.

As of
Mar. 31, 2021
Liabilities
Deposits
Current deposits
Ordinary deposits
Savings deposits
Deposits at noticeTime deposits
Other deposits
Foreign exchanges
Foreign bills sold
Foreign bills payable
Other liabilities
Accrued expenses
Unearned revenue
Deposits received from employees
Lease obligations
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－18－（Millions of yen ）As ofMar. 31, 2022

3,250,483
66,691
1,280,068
13,592
15,3091,800,727
74,092
5
3
2
9,091
3,235
64
727
233
213
4,616
449
41
183
305
89
1,565
3,262,214

3,312,181
67,268
1,381,613
13,513219
1,794,306
55,259
41
9
31
7,725
2,767
57
745
150
389
3,613
433
41
205
247
75
1,474
3,322,425

30,043
18,58918,585
3
209,899
30,043
179,856
59
103,032
76,764(561)
257,970
7,211
(20)
7,191
265,1623,527,376

30,043
18,585
18,585
216,461
30,043
186,41859
103,032
83,326(18,131)
246,958
(598)
(3)
(602)
246,3563,568,782

Suruga bank, Ltd.

(2)Non-consolidated statements of income

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
Gain on sale of bonds
Gain on redemption of bonds
Other income
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 on call money
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
Net loss on trading securities transactions
Loss on sale of bonds
Loss on redemption of bonds
General and administrative expenses
Other expenses
Provision of allowance for loan losses
Written-off of loans
Loss on devaluation of equity securities
Other
Ordinary profit－19－

For the fiscal year
ended
Mar. 31, 2021
89,21777,36975,476
1,065
0
805
22
0
7,492
1,971
5,521
1,557
40
604
912
2,797
1,957
69
31
739
69,234
1,563
1,486
0
0
3
72
11,860775
11,085
460
1
150
308
40,414
14,935
5,171
4,888
0
4,875
19,982（Millions of yen ）For the fiscal year
ended
Mar. 31, 2022
83,65870,90467,825
1,993
1
820
263
0
6,734
1,683
5,050
663
46
616
5,356
4,957
5
0
394
73,564
1,487
1,461
3
22
11,438644
10,79473
0
72
38,24722,317
14,223
5,502
27
2,563
10,093

Suruga bank, Ltd.

For the fiscal year
ended
Mar. 30, 2021
670
670
967
429
537
19,68672672
744
18,941

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－20－（Millions of yen）
For the fiscal year
ended
Mar. 30, 2022
20
20
1,502
848
653
8,612
60
697
757
7,854

Suruga bank, Ltd.

For the fiscal year ended March 31, 2021
（Millions of yen）
Shareholders' equity
Capital surplus

Balance at beginning of current
periodCapital stock

Legal capitalsurplus

Other capitalsurplus30,043

18,585

3

Retained earnings
Other retained earnings
Reserve for
Total capital Legal retained advanced
surplusearnings
depreciationof non-current
assets
18,58930,04359

Retainedearnings
brought
forwardGeneralreserve

103,032

58,981

Changes of items during period
Dividends of surplus(1,158)Net income

18,941

Purchase of treasury shares
Disposal of treasury shares

(0)

(0)

Net changes of items other thanshareholders' equity

Total changes of items during
periodBalance at end of current period

-

-

(0)

(0)

30,043

18,585

3

18,589

Shareholders' equity
Retainedearnings
Total retained
earnings
Balance at beginning of current
period192,116--

30,04359(561)

103,032

Valuation and translation adjustments

Net unrealized
Total
Total
gains(losses)
Deferredvaluation andshareholders' on available- gains(losses)
translation
equityforon hedges
adjustments
salesecurities

Treasuryshares-240,187

5,054

(23)

5,030

Total net
assets245,218

Changes of items during period
Dividends of surplus(1,158)(1,158)(1,158)Net income

18,941

18,941

18,941

Purchase of treasury shares

(0)

(0)

(0)

Disposal of treasury shares

0

0

0

Net changes of items other thanshareholders' equity

2,157

3

2,160

2,160

Total changes of items during
period17,783(0)

17,783

2,157

3

2,160

19,943

Balance at end of current period

209,899(561)

257,970

7,211

(20)

7,191

265,162－21－

17,78376,764

Suruga bank, Ltd.

For the fiscal year ended March 31, 2022
（Millions of yen）
Shareholders' equity
Capital surplus

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

Capital stock

Legal capitalsurplus

Other capitalsurplus30,043

18,585

3

Retained earnings
Other retained earnings
Reserve for
Total capital Legal retained advanced
surplusearnings
depreciationof non-current
assets
18,58930,04359

Retainedearnings
brought
forwardGeneralreserve

103,032

76,764(69)

30,043

18,585

3

18,58930,043

59

103,032

76,695

Changes of items during period
Dividends of surplus(1,158)Net income

7,854

Purchase of treasury shares
Disposal of treasury shares

(3)

(3)

(65)

Net changes of items other thanshareholders' equity

Total changes of items during
periodBalance at end of current period

-

-

(3)

(3)

30,043

18,585-

18,585

Shareholders' equity
Retainedearnings
Total retained
earnings
Balance at beginning of current
periodCumulative effects of changes
in accounting policies
Restated balance

209,899

Treasuryshares(561)(69)
209,830--

30,043

59

103,032

Valuation and translation adjustments

Net unrealized
Total
Total
gains(losses)
Deferredvaluation andshareholders' on available- gains(losses)
translation
equityforon hedges
adjustments
salesecurities
257,970

7,211

(20)

7,191

257,901

Total net
assets265,162
(69)

(69)
(561)

-

7,211

(20)

7,191

265,092

Changes of items during period
Dividends of surplus(1,158)(1,158)(1,158)Net income

7,854

7,854

7,854

(17,669)(17,669)(17,669)

99

30

30

Purchase of treasury shares
Disposal of treasury shares(65)

Net changes of items other thanshareholders' equity(7,809)16(7,793)(7,793)

Total changes of items during
period6,631(17,570)(10,942)(7,809)16(7,793)(18,736)

Balance at end of current period

216,461(18,131)

246,958

(598)

(3)

(602)

246,356

－22－

6,631
83,326

Financial Results
For the fiscal year ended March 31, 2022

- Supplementary Information -SURUGA bank, Ltd.

Table of contents
Ⅰ. Financial highlights for the fiscal year ended March 31, 2022
1. Financial results

Non-consolidated

・・・・・・・・

2. Major accounts

Non-consolidated

・・・・・・・・

3. Management indicesNon-consolidated

・・・・・・・・

4. Own capital

Non-consolidated

・・・・・・・・

5. Unrealized gains (losses) on securities

Non-consolidated

・・・・・・・・

6. Earnings forecast for the fiscal year ending March 31, 2023

1
3
7
8
9

Non-consolidated, Consolidated

7. Asset quality

Non-consolidated

・・・・・・・・

8. Credit costs

Non-consolidated

・・・・・・・・

10
11

9. Dividends

Non-consolidated

・・・・・・・・・・・・・・・・

12
13

・・・・・・・・

14

Ⅱ. Financial data for the fiscal year ended March 31, 2022
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

・・・・・・・・

15
16

Non-consolidated

・・・・・・・・

17

1. Risk-monitored loans

Non-consolidated, Consolidated

・・・・・・・・

2. Allowance ratio for risk-monitored loans

Non-consolidated, Consolidated

・・・・・・・・

18
19

3. Allowance for loan losses

Non-consolidated, Consolidated

・・・・・・・・

20

・・・・・・・・

21

・・・・・・・・

22

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)

Non-consolidated, Consolidated

Ⅴ. Retirement benefits
1. Retirement benefit expenses

Non-consolidated, Consolidated

Suruga bank, Ltd.

Ⅰ. Financial highlights for the fiscal year ended March 31, 2022
1. Financial results (Non-consolidated)
FY3/2022(a)
65,302
69,417(4,704)45
64,75839,72225,03625,036544
25,580(10,569)
36,14931,5584,957(22)
10,093
(828)
653
7,854

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 (loss) on cancellation of investment trusts
Gains (losses) on bonds
Actual net operating profit (Note3)
Provision for general allowance for loan losses (-)
Net operating profit
Disposal of non-performing loans (-)
Recoveries on written-off claims
Gains (losses) on stocks
Ordinary profit
Gains (losses) on disposal of non-current assets
Impairment loss (-)
Net income(a) - (b)(7,233)(6,389)(337)
6(6,720)(615)(6,104)(6,104)(513)(6,617)
7,364(13,982)
(621)
3,000
(91)
(9,889)(1,069)116(11,087)(Millions of yen)
FY3/2021(b)
72,53575,806(4,367)39
71,47840,33731,14031,1401,057
32,197(17,933)
50,131
32,1791,957
69
19,982241537
18,941

Net credit costs
20,9896,743
14,246
16,032
Actual credit costs (Note4)
3,744
12,288(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) Actual credit costs = Net credit costs (Provision for general allowance for loan losses + Disposal of non-performing loans)- Recoveries on written-off claims(1) Gross operating profit: ¥65.3 billion
・Net interest income decreased by ¥6.3 billion year-on-year, mainly due to a decrease in interest on loans and bills discounted.
・Loan-deposit income decreased by ¥7.6 billion year-on-year.
・Core gross operating profit decreased by ¥6.7 billion year-on-year, mainly due to a decrease in net interest income.
・Gross operating profit decreased by ¥7.2 billion year-on-year.

(Billions of yen)

118.3

Net interest income

Loan-deposit income(Billions of yen)

113.2

103.9
84.9

75.8

99.7
83.9

69.4

FY3/18 FY3/19 FY3/20 FY3/21 FY3/22

73.9

66.3

FY3/18 FY3/19 FY3/20 FY3/21 FY3/22－1－

Suruga bank, Ltd.

(2) Expenses; OHR: 60.8%
・Expenses decreased by ¥0.6 billion year-on-year.
・OHR rose year-on-year to 60.8%.
(OHR(%) = Expenses / Gross operating profit × 100)

(Billions of yen)

Gross operating profit

115.1
40.5%

99.9

Expenses

46.8%

FY3/1846.8
FY3/1972.5
43.7

FY3/20

60.8%

55.6%

54.4%
80.3

46.7

OHR

65.3
40.3

FY3/21

39.7
FY3/22(3) Core net operating profit: ¥25.0 billion, Net operating profit: ¥36.1 billion
・Core net operating profit decreased by ¥6.1 billion year-on-year, mainly due to a decrease in net interest income.
・Net operating profit decreased by ¥13.9 billion year-on-year, mainly due to an increase in provision for general allowance forloan losses.

(Billions of yen)Core net operating profit

Net operating profit

68.1
52.6
21.9
FY3/1826.4
FY3/1950.1

36.3 36.5

31.1

FY3/20FY3/21

25.0

36.1

FY3/22(4) Ordinary profit: ¥10.0 billion
・Ordinary profit decreased by ¥9.8 billion year-on-year, mainly due to an increase in net credit costs.

(5) Net income: ¥7.8 billion
・Net income decreased by ¥11.0 billion year-on-year, mainly due to a decrease in ordinary profit.

(6) Actual credit costs: ¥16.0 billion･Net credit costs increased by ¥6.7 billion year-on-year, mainly due to a decrease in disposal of non-performing loans (¥0.6
billion) and an increase in provision for general allowance for loan losses(¥7.3 billion).
･Actual credit costs, calculated as net credit costs (¥20.9 billion) minus the amount of recoveries of written-off claims (¥4.9
billion) amounted to ¥16.0 billion.

－2－

Suruga bank, Ltd.

2. Major accounts (Non-consolidated)(1) Loans and bills discounted
・Loans and bills discounted decreased by ¥172.3 billion, or 7.4% year-on-year.
・Consumer loans decreased by ¥236.9 billion, or 11.4% year-on-year.
・Yield on loans and bills discounted dropped by 10 basis point year-on-year to 3.02%.

Mar. 31, 2022(a)(Billions of yen)Mar. 31, 2021(b)(a) – (b)Loans and bills discounted(period-end balance)

2,138.5(172.3)

2,310.9

Consumer loans

1,838.5(236.9)2,075.5

Asset management company
loans for property investment

33.5

18.4

15.1

Structured finance

68.9

35.4

33.5

Loans and bills discounted(average balance)

2,244.3(170.3)2,414.7

Mar. 31, 2022(a)(Billions of yen)Mar. 31, 2021(b)(a) – (b)New consumer loans

35.5

12.9

22.6

New asset management company loans for property investment

19.0

4.1

14.9

Subtotal

54.5

17.0

37.5

New structured finance

49.2

18.9

30.3

Total

103.8

35.9

67.9

New monetary claims bought

59.9

59.9

-

Grand total

163.8

95.9

67.9

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

Yield on loans and bills discounted(Billions of yen)
3,245.9
2,925.9 2,898.8
2,664.8 2,496.1
2,307.0 2,310.9
2,138.5
2,075.5
1,838.5

Mar. 18

Mar. 19

Mar. 20

Mar. 21Mar. 22

－3－

3.61%

Mar. 18

3.32%

3.19%

3.12%

3.02%

Mar. 19

Mar. 20

Mar. 21Mar. 22

Suruga bank, Ltd.

Outstanding balance, yield, delinquency rate by loan category
Loan category
Secured loans
Housing loans
Studio apartment loans
Single building apartment loans
Share house loans
Other secured loans
Unsecured loans
Card loans
Unsecured certificate loans
Consumer loans(A)

Period-end
balance
1,693.1
457.6
142.3
1,017.7
41.8
33.4
145.4
98.0
47.4
1,838.5

Mar. 31, 2022
Yield
Delinquency
rate
3.09%
7.18%
2.79%
0.31%
3.37%
2.64%
3.21%
8.96%
1.39%
61.91%
4.57%
0.38%
10.40%
2.44%
11.77%
0.89%
7.57%
5.64%
3.67%
6.81%

Period-end
balance
1,787.4
466.2
147.9
1,036.0
103.0
33.9
150.3
100.7
49.6
1,937.7(Billions of yen)Dec. 31, 2021
Yield
Delinquency
rate
3.05%
9.04%
2.80%
0.33%
3.38%
2.14%
3.23%
7.16%
1.40%
81.72%
4.62%
0.23%
10.38%
2.32%
11.76%
0.86%
7.58%
5.29%
3.62%
8.53%

Consumer loans(excluding share house-related loans)

1,784.9-

5.37%

1,807.7-

4.11%

Asset management company loans
for property investment
(B)

33.5

1.81%

-

27.6

1.84%

-

Structured finance

(C)

68.9

2.27%

-

58.8

2.25%

-

Monetary claims bought

(D)

59.7

1.89%

-

29.9

1.96%

-

Total
(A) + (B) + (C) + (D)2,000.8
3.54%
6.26%
2,054.2
3.53%
8.05%(Note1) Delinquency rate = Loans past due 3 months or more / Loans(Note2) Yield: Yield for customers (excluding guarantee fee, accrued interest), period-end balance basis(Note3) Yield and delinquency rate of Studio apartment loans, secured loans and consumer loans are calculated based on original
claims before securitization.

Share house loans (Non-performing loans based on the Financial Reconstruction Law)
(Billions of yen)(Non-performing loans)Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2022

Claims against
Totalbankrupt andsubstantiallybankrupt obligors
250.3
86.5
192.1
45.9
135.7
53.3
53.6
30.7

Total

Claims withcollection risk

Claims for
special attention

51.0
28.9
31.5
6.5

88.0
100.7
40.1
9.1

Collateral or
guarantees, etc.

UnsecuredportionSubtotal
225.6
175.5
124.9
46.4

Allowance

Normal assets

24.6
16.5
10.7
7.2
(Billions of yen)
Coverage ratio

Share house
BC
D(B＋D)／AclaimsMar. 31, 2019
250.3
201.9
91.4
158.8
139.3
92.20%
Mar. 31, 2020
192.1
154.7
72.7
119.3
102.5
91.29%
Mar. 31, 2021
135.7
107.2
52.5
83.1
76.7
95.24%
Mar. 31, 2022
53.6
41.9
26.2
27.4
25.7
96.87%(Note1) Based on obligors of share house loans.
(Note2) Covered amount: Estimated amount, calculated by multiplying the covered amount including collateral, etc. with a certain
ratio.
(Note3)Total credit balance, share house loan receivables: Loans and bills discounted, suspense payments equivalent to loans andbills discounted, and accrued interest on loans and bills discounted.
A－4－

Suruga bank, Ltd.

Actual credit costs and Allowance for loan losses(Billions of yen)
ItemMar. 31, 2022
Actual credit costs

Allowance

Share house-related loans(20.2)

25.7

Investment property loans

36.1

91.9

Housing loans

(0.7)

3.1

Unsecured loans

0.0

3.4

Monetary claims bought

0.2

0.2

Business financing loans, etc.

0.5

8.6

Total

16.0

133.1

(Note) Investment property loans: Studio apartment loans, Single building apartment loans and other secured loans－5－Suruga bank, Ltd.

(2) Deposits
・Deposits increased by ¥61.6 billion, or 1.8% year-on-year.
・Individual deposits increased by ¥50.7 billion, or 1.9% year-on-year.
・Yield on deposits was 0.04%.

Mar. 31, 2022(a)(Billions of yen)Mar. 31, 2021(b)(a) - (b)Deposits (period-end balance)

3,312.1

61.6

3,250.4

Individual deposits

2,688.1

50.7

2,637.4

Deposits (average balance)

3,291.5

97.0

3,194.4

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

Yield on deposits(Billions of yen)
4,089.6
3,165.6
3,312.1
3,210.8 3,250.4
3,191.8
2,637.4
2,688.1
2,505.7
2,515.1

Mar. 18

Mar. 19

Mar. 20

Mar. 210.08%

Mar. 18

Mar. 22

0.04%

0.04%

0.04%

0.04%

Mar. 19

Mar. 20

Mar. 21Mar. 22(3) Net fees and commissions
・Net fees and commissions decreased by ¥0.3 billion year-on-year, mainly due to a decrease (¥0.7billion) in fees andcommissions, a decrease (¥0.4billion) in fees and commissions payments.

Net fees and commissions

Fees and commissions

Fees and commissions payments(Millions of yen)
14,925
11,417(3,507)

FY3/1814,994

13,96911,8609,510(4,458)

FY3/198,118(6,876)

7,492(4,367)

FY3/20－6－

FY3/21

11,4386,734(4,704)

FY3/22

Suruga bank, Ltd.

(4) Individual deposit assets
・Individual deposit assets increased by ¥ 45.8billion year-on-year.
・The ratio of investment products to total individual deposit assets declined by 30 basis points year-on-year to 3.7%

45,8372,743,750(Millions of yen)Sep. 30, 2021
(c)
2,769,394

2,684,636

51,2552,633,381

2,662,160

Mar. 31, 2022(a)2,789,587

Individual deposit assets
Yen deposits
Investment products

Mar. 31, 2021(b)(a) - (b)104,951(5,418)110,369

107,233

Foreign currency deposits

3,516

(595)

4,111

3,906

Public bonds

4,356(1,679)

6,035

5,132

Mutual funds

68,475425

68,05067,920

Personal pension plans

14,656(3,437)18,093

16,565

13,945(133)

14,07813,7083.7%(0.3%)

4.0%

3.8%

Single premium life insurance
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 4 basis points year-on-year to 1.77%.
・Net interest margin shrunk by 16 basis points year-on-year to 0.78%.
(%)
FY3/2022(a)
Loan-deposit margin
Loan-deposit margin(after deduction of expenses)
Net interest margin

FY3/2021(b)(a) - (b)2.97

(0.10)

3.07

1.77(0.04)

1.81

0.78(0.16)

0.94

Loan-deposit margin
Loan-deposit margin (after deduction of expenses)
Net interest margin
3.52%

3.27%

3.15%

3.07%

2.97%

1.93%

1.74%

1.81%

1.77%

2.37%

1.68%

FY3/181.45%
FY3/191.14%
FY3/20－7－

0.94%
FY3/21

0.78%
FY3/22

Suruga bank, Ltd.

4. Own capital・Capital adequacy ratio (Non-consolidated) rose by 22 basis points year-on-year to 12.35 %.

Non-consolidated(Millions of yen)Mar. 31, 2021

Mar. 31, 2022
Capital adequacy ratio

12.35%

12.13%

Own capital (Core capital)

245,238

258,806

Core capital: instruments and reserves

268,795

281,357

Core capital: regulatory adjustments (-)

23,55722,550Risk-weighted assets

1,984,271

2,133,374

Total required capital

76,85882,258

Consolidated(Millions of yen)Mar. 31, 2021

Mar. 31, 2022
Capital adequacy ratio

12.68%

12.39%

Own capital (Core capital)

256,800

269,590

Core capital: instruments and reserves

284,838

300,308

Core capital: regulatory adjustments (-)

28,03830,717

Risk-weighted assets

2,024,556

2,175,140

Total required capital

78,47083,929

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

12.15%

12.13%
8.80%

12.35%

10.28%

324.7
241.4

258.8

245.2

Mar. 21Mar. 22

213.7

Mar. 18

Mar. 19

Mar. 20－8－Suruga bank, Ltd.

5. Unrealized gains (losses) on securities (Non-consolidated)
䞉Net unrealized gains on securities decreased by ¥11.0 billion year-on-year.

(Millions of yen)㻌 㻌 㻌 㻌 㻌Mar. 31, 2022(a)Mar. 31, 2021(b)(a) – (b)

䕧1,482‫ڹ‬11,000

9,518

Stocks7,587‫ڹ‬1,059

8,646

Bonds

䕧353

‫ڹ‬677324

Others䕧8,715‫ڹ‬9,261

546

Available-for-sale securities

6. Earnings forecast for the fiscal year ending March 31, 2023
Consolidated(Billions of yen)
FY3/2023 (forecast)First half

Full year

Ordinary income

42.5

84.0

Ordinary profit
Profit attributable toowners of parent

3.0

8.0

2.5

7.0

Non-consolidated(Billions of yen)
FY3/2023 (forecast)First half

Full year

Ordinary income

38.5

76.0

Core net operating profit

10.5

21.0

Net operating profit

9.0

19.0

Ordinary profit

3.0

7.5

Net income

2.5

6.5

Actual credit costs

7.5

13.5

(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.

－9－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 ¥ 54.1 billion year-on-year.
Non-performing loan ratio declined by 139 basis points year-on-year to 12.63 %.

Outstanding balance(Millions of yen, %)Mar. 31, 2022(a)
Claims against bankrupt andsubstantially bankrupt obligors
Claims with collection risk

Claims for special attention(a) - (b)(a) - (c)Sep. 30, 2021(b)Mar. 31, 2021(c)

134,167

20,77133,734

113,396

100,433

65,861(61,007)(25,392)

126,868

91,25371,851(14,848)(62,511)

86,699134,362

Total

(A)

271,880(55,084)(54,168)

326,964

326,048

Total claims(B)

2,151,366(111,819)(173,687)

2,263,185

2,325,053

(A/B)

12.63

(1.81)(1.39)

14.44

14.02

Non-performing loans(A)

Claims against
bankrupt andsubstantiallybankrupt
obligors
134,167

Covered amount (C+D)
Portion secured by collateralor guarantees, etc.
Allowance for loan losses(B)

Non-performing loan ratio
Status of coverage(Millions of yen, %)Claims withcollection risk

Claims for
specialattention

Total

Change from
Mar. 31, 2021

65,861

71,851

271,880(54,168)

134,167

42,37938,653215,200(17,746)(C)

53,85928,532

21,919104,311(3,901)(D)

80,307

13,846

16,733110,888(13,846)

Coverage ratio (B/A)

100.00

64.34

53.79

79.15

7.71

Unsecured portion (A-C)(E)
Allowance ratio for unsecured portion(D/E)

80,30737,32949,931

167,568(50,268)

100.00

37.09

33.51

66.17

8.91

62,26456,481

99,091

217,836

100.00

55.58

31.36

57.26

(Reference) As of Mar. 31, 2021
Unsecured portion
Allowance ratio for unsecured portion(2) Risk-monitored loans(Millions of yen, %)Mar. 31, 2022(a)
Claims against bankrupt andsubstantially bankrupt obligors
Claims with collection risk(a) - (b)(a) - (c)Sep. 30, 2021(b)Mar. 31, 2021(c)

134,167

20,77133,734

113,396

100,433

65,861(61,007)(25,392)

126,868

91,253Loans past due 3 months or more

3,751

313

(1,007)

3,438

4,758

Restructured loans

68,100(15,161)(61,503)

83,261

129,603

Total

271,880(55,084)(54,168)

326,964

326,048

Coverage ratio

3.52
7.71
75.63
71.44
79.15
(Note) Risk-monitored loans are displayed in Enforcement Regulations of the Banking Act of after revision, including those forpast year.

－10－Suruga bank, Ltd.

8. Credit costs (Non-consolidated)(Millions of yen, %)FY3/2022(a)

FY3/2021(b)(a) - (b)Provision for general allowance for loan losses(1)(10,569)

7,364(17,933)

Disposal of non-performing loans(2)31,558(621)

32,179

Write-off of loans

5,502

614

4,888

Provision for specific allowance for loan losses

24,793

1,689

23,104Losses on sales of delinquent loans

1,258(2,887)

4,145

4

(36)

40

A

4,957

3,000

1,957

(3) (= (1) + (2) )20,9896,743

14,246(3)－A

16,032

3,744

12,2882,244,398(170,357)

2,414,755

Net credit costs ratio

0.93

0.35

0.58

Actual credit costs ratio

0.71

0.21

0.50

Provision for allowance for contingent losses
Recoveries on written-off claims
Net credit costs
Actual credit costs
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)

9. Dividends(yenCompany’s basic policy is to strive to increase internal reserves in order to further strengthen its management structure・The
while simultaneously returning profits to its shareholders through the payment of stable dividends. Taking into
comprehensive consideration future performance trends, internal reserves, and the business environment, the Company
decided to increase the year-end dividend by 1 yen to 6 yen per share.

(yen)
FY3/2021(result)

FY3/2022
Annual dividend per share

6.00

5.00

Interim dividend

0.00

0.00

Year-end dividend

6.00

5.00

－11－

Suruga bank, Ltd.

Ⅱ. Financial data for the fiscal year ended March 31, 2022
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 (Note)
Net operating profit
Gains (losses) on bonds
Non-recurring gains (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 (Note)(2)Disposal of non-performing loans
Write-off of loans
Provision for specific allowance for loan losses (Note)
Losses on sales of delinquent loans
Provision for allowance for contingent losses(3)Net credit costs (1)+(2)(4)Recoveries on written-off claims(5)Actual credit costs (3)-(4)－12－(Millions of yen)
FY3/2021(b)
72,53571,478 ）72,34571,288 ）
75,681(4,391)
1,056
1,057 ）
189
189 ）
125
23
40
- ）
40,337
14,86822,601
2,867
32,19731,140FY3/2022(a)
65,30264,75864,86064,316
69,048(4,731)
543
544
442
442
368
26
46
39,722
14,224
22,522
2,975
25,58025,036(a) - (b)(7,233)(6,720)(7,485)(6,972)(6,633)
(340)
(513)
(513)
253
253
243
3
6
(615)
(644)
(79)
108
(6,617)(6,104)25,036(6,104)

31,140(10,569)
36,149544(26,055)
4,957(22)
10,093(1,481)
(828)
653
8,612
60
697
757
7,854

7,364
(13,982)
(513)
4,093
3,000
(91)
(9,889)(1,185)(1,069)116(11,074)(12)
25
13(11,087)(17,933)
50,131
1,057(30,148)
1,957
69
19,982
(296)
241
537
19,68672672
744
18,941(10,569)
31,558
5,502
24,793
1,258
420,9894,957
16,032

7,364
(621)
614
1,689
(2,887)
(36)
6,743
3,000
3,744

(17,933)
32,1794,888
23,104
4,145
40
14,246
1,957
12,288

Suruga bank, Ltd.

Details of financial results (Consolidated)(Millions of yen)

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(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)Net credit costs (1)+(2)(4)Recoveries on written-off claims(5)Actual credit costs (3)-(4)FY3/2022(a)
70,42373,541(3,936)818
42,66017,886(22)742
10,596(1,534)
9,061
161
943
1,105
(4)
7,960

(a) - (b)(9,144)(8,058)
(586)
(500)
(758)
4,547
(91)
508
(12,517)(1,193)(13,711)
(25)
(215)
(239)
2
(13,473)

FY3/2021(b)
79,567
81,599(3,350)1,318
43,41813,33969
234
23,113(341)
22,772
186
1,158
1,344
(6)
21,433(11,318)
34,2405,654
25,5683,012
422,921
5,035
17,886

8,269
(857)
483
2,768
(4,073)
(36)
7,411
2,865
4,547

(19,587)
35,0975,171
22,8007,085
40
15,5102,170
13,339(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

39,081(16,656)(Millions of yen)
55,737(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)
FY3/2022(a)
36,14926,006

Net operating profit
Per employee (Thousands of yen)

－13－(a) - (b)(13,982)(8,638)

FY3/2021(b)
50,131
34,644

Suruga bank, Ltd.

3. Interest margins (Non-consolidated)
Overall(%)
FY3/2022(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)FY3/2021(b)(a) - (b)
2.03
3.02
0.51
1.25
0.04

(0.22)(0.10)(0.01)(0.06)
0.00

2.25
3.12
0.52
1.31
0.04

1.77

(0.04)

1.81

0.78(0.16)

0.94

Domestic(%)
FY3/2022(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)FY3/2021(b)(a) - (b)
2.02
3.02
0.49
1.21
0.04

(0.24)(0.11)(0.03)(0.06)
0.00

2.26
3.13
0.52
1.27
0.04

1.80

(0.05)

1.85

0.81(0.17)

0.98

4. ROA and ROE (Non-consolidated)(%)
FY3/2022
(a)
ROA
ROE

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

FY3/2021(b)(a) - (b)
1.01
0.22
14.11
3.06

(0.43)(0.32)(6.83)(4.85)

1.44
0.54
20.94
7.91

5. Gains (losses) on securities (Non-consolidated)(Millions of yen)
FY3/2022(a)

FY3/2021(b)(a) - (b)Gains (losses) on bonds
Gains on sales
Gains on redemptions
Losses on sales
Losses on redemptions
Losses on devaluation

544
616
72
-

(513)
(604)
(296)
(150)
(236)
-

1,057
604
912
150
308
-

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

(22)
5
27

(91)
(64)
27

69
69
0

－14－

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, 2022(a)12.35%
245,238
268,795
23,557
1,984,271
76,858(a) - (b)0.22%
(13,568)(12,562)
1,007(149,103)(5,400)Mar. 31, 2021(b)
12.13%
258,806
281,357
22,5502,133,374
82,258

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, 2022
(a)
12.68
256,800
284,838
28,0382,024,556
78,470－15－(a) - (b)0.29%
(12,790)(15,470)(2,679)(150,584)(5,459)Mar. 31, 2021(b)
12.39%
269,590
300,308
30,7172,175,140
83,929Suruga bank, Ltd.

7. Composition of own capital (domestic standard)(Millions of yen）
Mar. 31, 2022
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)

－16－

245,828

258,354

48,629216,461

32,019245,595(18,131)(1,129)(18,131)(1,129)

-

3,324
3,324

-

-

22,96622,96623,13923,139

-

-

-

-

-

-

268,795

20
284,838

11,713

13,286

11,713

1,294
11,991-

34

10,990-14,315
-

-

-

852

401

-

-

852
23,557401
28,038245,238

256,800

1,837,438
146,832
1,984,271

1,851,254
173,301
2,024,556

12.35%--

12.68%

Suruga bank, Ltd.

Ⅲ. Status of loans, etc.
Comparison of asset disclosure by standard
Non-consolidated (As of March 31, 2022)
Status of self-assessment, non-performing loans based on the financial Reconstruction Law and Risk-monitored loans.
(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

53,85980,307100.00%28,532

13,84664.34%

21,91916,73353.79%

104,311

110,888

79.15%

Coverage
ratio

Bankrupt obligors
1,047
[412]
Effectively bankrupt
obligors

424

623

-

80,04153,078-[79,894]

18,477

23,901

23,482[13,846]-

133,120[79,894]
Potentiallybankrupt obligors[412]

65,861[13,846]

Claims against bankrupt
and substantially bankrupt
obligors
134,167

Claims with collection risk
65,861Loans past

Substandard
obligors
Obligors
requiring
caution207

90,293--Claimsfor
specialattentiondue 3 months or more
3,751
Restructured loans
68,10090,500Subtotal
271,880

Other
obligors
requiring
caution12,327

681,054-

Normal assets

693,381

1,879,486
Normal obligors

1,167,455---

1,278,933

848,950

23,482[13,846][80,307]

1,167,455

Total
2,151,366[94,154]

Total
2,151,366(Note1) “Total claims” includes “Loans and bills discounted”, “Customers’ liabilities for acceptances and guarantees”, “Foreignexchanges”, “Securities lent”, “Suspense payment” and “Accrued interest”.
(Note2) Numbers shown in brackets under “Self-assessment result” represent the reserved amount for each category.

－17－

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, 2022 were as follows:(a) Non-consolidated: ¥12,599 million; (b) Consolidated: ¥12,599 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, 2022(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, 2021(b)Mar. 31, 2021(c)

134,167

20,77133,734

113,396

100,433

65,861
3,751
68,100271,880(61,007)313(15,161)(55,084)(25,392)(1,007)(61,503)(54,168)

126,868
3,438
83,261
326,964

91,253
4,758
129,603
326,048

2,151,366(111,819)(173,687)

2,263,185

2,325,053

6.23

1.22

1.92

5.01

4.31

3.06
0.17
3.16
12.63

(2.54)
0.02(0.51)(1.81)(0.86)(0.03)(2.41)(1.39)

5.60
0.15
3.67
14.44

3.92
0.20
5.57
14.02

Consolidated(Millions of yen, %)Mar. 31, 2022(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, 2021(b)Mar. 31, 2021(c)

134,855

20,96733,914

113,888

100,941

70,278
3,751
68,100276,985(60,927)313(15,161)(54,809)(25,215)(1,007)(61,503)(53,812)131,205
3,438
83,261
331,794

95,493
4,758
129,603
330,797

2,169,537(111,383)(173,083)

2,280,920

2,342,620

6.21

1.22

1.91

4.99

4.30

3.23
0.17
3.13
12.76

(2.52)
0.02(0.52)(1.78)(0.84)(0.03)(2.40)(1.36)

5.75
0.15
3.65
14.54

4.07
0.20
5.53
14.12

－18－

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, 2022(a)
271,880
104,311
110,888
40.78
79.15

(a) - (b)(55,084)(29,153)(2,961)
5.96
3.52(a) - (c)(54,168)(3,901)(13,846)
2.53
7.71(Millions of yen, %)Sep. 30, 2021
Mar. 31, 2021(b)(c)
326,964
326,048
133,464
108,212
113,849
124,734
34.82
38.25
75.63
71.44

(a) - (c)(53,812)(4,137)(13,460)
2.66
7.49(Millions of yen, %)Sep. 30, 2021
Mar. 31, 2021(b)(c)
331,794
330,797
132,752
107,577
117,299
128,158
35.35
38.74
75.36
71.26

(a) - (c)(18,707)(19,204)
497(Millions of yen)Sep. 30, 2021
Mar. 31, 2021(b)(c)
136,114
151,831
58,17339,57093,65796,543(a) - (c)(19,094)(19,953)
859

Sep. 30, 2021(b)
141,801
41,80899,993(Millions of yen)Mar. 31, 2021(c)
158,01160,906
97,105(a) - (c)Sep. 30, 2021(b)(Millions of yen)Mar. 31, 2021(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, 2022
(a)
276,985
103,440
114,698
41.40
78.75

(a) - (b)(54,809)(29,312)(2,601)
6.05
3.39

3. Allowance for loan losses
Non-consolidated

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

Mar. 31, 2022(a)
133,124
38,96994,154(a) - (b)(2,990)(601)(2,389)Consolidated

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

Mar. 31, 2022(a)
138,917
40,953
97,964(a) - (b)(2,884)(855)(2,029)4. Non-performing loans based on the Financial Reconstruction Law
Non-consolidated
Mar. 31, 2022(a)
Claims against bankrupt andsubstantially bankrupt obligors
Claims with collection risk
Claims for special attention
Total

(A)

(a) - (b)134,167

20,77133,734

113,396

100,433

65,861
71,851
271,880(61,007)(14,848)(55,084)(25,392)(62,511)(54,168)

126,868
86,699326,964

91,253
134,362
326,048

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, 2022(a)
215,200
110,888
104,311(a) - (b)(32,114)(2,961)(29,153)(a) - (c)(17,746)(13,846)(3,901)

(B/A)

79.15

3.52

7.71

－19－

(Millions of yen, %)Sep. 30, 2021
Mar. 31, 2021(b)(c)
247,314232,946
113,849
124,734
133,464
108,212
75.63

71.44

Suruga bank, Ltd.

6. Loan breakdown by industry, etc.
(1) Loan breakdown by industry (Non-consolidated)
Mar. 31, 2022(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(Millions of yen)(a) - (b)(a) - (c)Sep. 30, 2021(b)Mar. 31, 2021(c)

2,138,587(111,108)(172,395)

2,249,695

2,310,982

35,0164,043
59
200
14,010238
1,838
12,88332,151
14,461
107,629
51,211
20,515
1,844,322

318
(87)
(12)
0
1,506
23
264
79
2,080
(9,366)25,0345,263
7,381(143,590)(7,183)
(167)
51
(63)
1,728
113
264
169
2,691
385
43,37913,852
11,266(238,880)

34,6984,130
71
200
12,504215
1,574
12,80430,071
23,827
82,59545,94813,134
1,987,912

42,1994,210
8263
12,282125
1,574
12,71429,46014,07664,25037,3599,249
2,083,202(2) Breakdown of risk-monitored loans by industry (Non-consolidated)
Mar. 31, 2022(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)(Millions of yen)(a) - (c)Sep. 30, 2021(b)Mar. 31, 2021(c)

271,880(55,084)(54,168)

326,964

326,048

9,516
653
4
116
199
6,030
109
699
254,551

(679)
(42)
0
(2)
(7)
3
(1)
(150)
(54,205)

(295)
(166)
0
(4)
195
124
0
25
(54,047)

10,195
695
4
118
206
6,027
110
849
308,756

9,811
819
4
120
4
5,906
109
674
308,598(Note) “Others” includes real estate financing for rent to individuals.

－20－

Suruga bank, Ltd.

㻌㻌㻌㻌㻌㻌㻌㻌㻌㻌㻌㻌㻌 㻌(3) Consumer loans (Non-consolidated)

Consumer loans
Secured loans
Housing loans
Unsecured loans
Asset management company loans forproperty investment
Structured finance
Total

Mar. 31, 2022(a)
1,838,569
1,693,106457,665
145,463(a) - (b)(141,840)(130,498)(17,437)(11,342)

33,597
68,968
1,941,134(a) - (c)(236,931)(212,378)(40,317)(24,552)

Mar. 31, 2021
(c)
2,075,500
1,905,484
497,982
170,015

11,397

18,492

22,20015,105

18,076(112,368)

35,413(183,026)

50,892
2,053,502

33,555
2,124,160

㻌㻌㻌㻌㻌㻌㻌

(4) The ratio of loans to small- and medium-sized enterprises, etc. (Non-consolidated)
Mar. 31, 2022(a)
The ratio of loans to small- andmedium-sized enterprises, etc.

96.43

(Millions of yen)Sep. 30, 2021(b)
1,980,409
1,823,604
475,102
156,805(a) - (b)(a) - (c)(0.09)(0.59)(%)

Sep. 30, 2021(b)Mar. 31, 2021
(c)

96.52

97.02

(Note) “Loans to small- and medium-sized enterprises” includes consumer loans which comprise 85.97% 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, 2022(a)
3,312,181
3,291,572
2,138,587
2,244,398(a) - (b)22,8436,899(111,108)(33,470)(a) - (c)61,69897,084(172,395)(170,357)

Sep. 30, 2021(b)
3,289,338
3,284,673
2,249,695
2,277,868

Mar. 31, 2021(c)
3,250,483
3,194,488
2,310,982
2,414,755

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

Number of branches

Mar. 31, 2022
(a)
118

－21－

(a) - (b)(a) - (c)(3)(5)

Sep. 30, 2021(b)
121Mar. 31, 2021(c)
123

Suruga bank, Ltd.

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

(Millions of yen)Mar. 31, 2021

Mar. 31, 2022

Sep. 30, 2021

Net unrealized gains (losses)

Net unrealized gains (losses)

Fair
value

Fair Net unrealized gains (losses)
value
Gains Losses

Gains Losses
Gains Losses
Available-for-sale454,234 (1,482) 9,332 10,814 400,818 10,987 11,770
783 258,452 9,518 10,481
securities
Stocks
15,862 7,587 7,901
314
17,023 8,747 9,087
339 16,922 8,646 8,840
Bonds
143,556 (353)140
494 140,088
434
474
39 119,092
324
402
Others294,816 (8,715) 1,290 10,005 243,706 1,805 2,208
403 122,437
546 1,238(Note1) Stocks of subsidiaries and affiliates are not included since they are not valuated with fair value.
(Note2) Unrealized gains (losses) represent the difference between the fair value as of period-ends and acquisition costs.
Consolidated
Fair
Value

193
78
691

(Millions of yen)Mar. 31, 2021

Mar. 31, 2022

Sep. 30, 2021

Net unrealized gains (losses)

Net unrealized gains (losses)

Fair
Value

963

Fair Net unrealized gains (losses)
value
Gains Losses

Gains Losses
Gains Losses
Available-for-sale
457,899 1,961 12,775 10,814 404,388 14,337 15,120
783 261,833 12,679 13,643
securities
Stocks
16,605 8,233 8,548
314
17,910 9,538 9,878
339 17,781 9,409 9,603
Bonds
143,556 (353)140
494 140,088
434
474
39 119,092
324
402
Others297,737 (5,918) 4,087 10,005 246,389 4,364 4,767
403 124,959 2,945 3,636(Note1) Stocks of subsidiaries and affiliates are not included since they are not valuated with fair value.
(Note2) Unrealized gains (losses) represent the difference between the fair value as of period-ends and acquisition costs.

963
193
78
691

Ⅴ. Retirement benefits
1. Retirement benefit expenses
Non-consolidated
FY3/2022
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

470
101(1,034)(1,589)218(1,833)(Millions of yen)
FY3/2021
494
103
(800)
(96)
216
(81)

(Note1) “Others” includes contribution to a defined contribution pension plan.
Consolidated
FY3/2022
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

505
101(1,034)(1,589)240(1,775)(Millions of yen)
FY3/2021
522
103
(800)
(96)
233
(37)

(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.

－22－