Indus Capital stake falls to 9.98 percent in Suruga Bank stock

Published on 10/25/2026 at 00:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The October 8 filing put Indus Capital's holding at 9.98 percent from 11.15 percent. Suruga Bank stock carries a JPY 80 annual dividend forecast.

Earnings outlook and capital returns

Indus Capital's holding stood at 9.98 percent on October 8, 2026.
Suruga Bank raised its fiscal 2027 net profit forecast to JPY 44.0 billion on September 30, 2026.
The bank acquired 477,400 shares during September 2026 under its buyback program.

Suruga Bank stock, regional banks, earnings forecast, share buyback, Tokyo Stock Exchange, Illustration mit AI erstellt.

Suruga Bank stock is centered on a shareholder change after Indus Capital Partners' holding fell from 11.15 percent to 9.98 percent on October 8, 2026, according to MarketScreener. The change follows a stronger earnings and dividend outlook announced on September 30, 2026.

Forecast points to stronger earnings

MarketScreener reported that Suruga raised its consolidated forecast for profit attributable to owners of the parent for the fiscal year ending March 31, 2027, to JPY 44.0 billion from JPY 32.0 billion. The forecast for the first half ending September 30, 2026, rose to JPY 29.0 billion from JPY 17.0 billion.

The company linked the revision to new loan originations, the effect of rising interest rates and lower credit costs. That combination gives the forecast a direct connection to lending performance rather than relying only on investment gains.

Three dated capital moves

On September 30, 2026, Suruga raised its full-year profit forecast to JPY 44.0 billion from JPY 32.0 billion, according to MarketScreener. On October 2, 2026, it disclosed the acquisition of 477,400 ordinary shares for JPY 1,381,907,300 during September 2026, according to Japan IR. On October 8, 2026, Indus Capital Partners' holding fell to 9.98 percent from 11.15 percent, as reported by MarketScreener.

Upcoming dates for investors

MarketScreener lists November 11, 2026, for the second-quarter earnings release. The buyback authorization described by Japan IR runs through December 31, 2026, with a maximum of 5,000,000 shares.

What does the forecast mean for returns?

Suruga also lifted its annual dividend forecast to JPY 80 per share from JPY 60, with the interim and year-end forecasts each rising to JPY 40 from JPY 30, according to MarketScreener. The combination of higher profit guidance and the buyback places capital returns alongside loan growth as the main investor discussion.

Capital returns shape the outlook

Suruga Bank's fiscal 2027 plan now combines JPY 44.0 billion of projected net income with a JPY 80 dividend and a buyback authorization for 5,000,000 shares. The October 8, 2026 ownership disclosure adds a separate shareholder-structure development to that earnings story.