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Suruga Bank ( (JP:8358) ) has issued an update.
Suruga Bank announced it will incur expenses related to its accounting system’s migration to the cloud and a loss on the sale of securities. Despite these expenses, which amount to approximately 1,300 million yen for cloud migration and 3,000 million yen in losses on securities, the bank’s full-year earnings forecast remains unchanged, indicating steady financial performance.
More about Suruga Bank
Suruga Bank, Ltd. operates in the financial services industry, primarily providing banking services. The bank is publicly traded on the Prime Market of the Tokyo Stock Exchange and focuses on maintaining a stable earnings structure through strategic investments.
YTD Price Performance: 11.47%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.53B
For an in-depth examination of 8358 stock, go to TipRanks’ Stock Analysis page.
