Suruga Bank completes tender offer for own shares

Suruga Bank announced the successful completion of its tender offer to repurchase its own shares, which concluded on June 9, 2025. The company repurchased 5,648,100 shares of common stock at a price of JPY1,155 per share. The tender offer was part of a larger plan to repurchase up to 12,500,000 shares for a total of JPY15,000,000,000. Suruga Bank intends to conduct market purchases of its shares following the settlement of the tender offer, aiming to acquire shares worth approximately JPY8.5 billion. The settlement for the tendered shares is scheduled for July 1, 2025.