Filing of an Appeal Against the Judgment on Remand Concerning the Founding Family-Affiliated Companies Issue
Suruga Bank Ltd., 4 former directors, and their heirs and successors in the litigation
Credit management issue involving the founding family-affiliated companies
Credit management issue involving the founding family-affiliated companies
Related procedures
Appeal in the damages claim proceedings
Tokyo High Court; Shizuoka District Court
Suruga Bank Ltd.
4 former directors and their heirs and successors in the litigation
¥4,762,008,000 (the total amount the Company may receive from the respective former directors)
The impact on current fiscal-year results is minor
Current fiscal year
The impact of filing the appeal on current fiscal-year results is minor
The Company will continue to respond appropriately so that a fair and reasonable judgment is rendered on the Company's claims in the appellate proceedings.
The specific timing of further disclosure regarding the appeal case is not disclosed. Regarding the separate share-house lending issue, the Company states that it will promptly disclose any matters requiring disclosure as they arise.
| Item | Details |
|---|---|
| Event name | Filing of an Appeal Against the Judgment on Remand Concerning the Founding Family-Affiliated Companies Issue |
| Date of occurrence | 25 March 2026 (date the appeal was filed) |
| Date recognized / date notice received | 20 May 2026 (receipt of the notice of appeal from the Tokyo High Court) |
| Subject Entity | Suruga Bank Ltd., 4 former directors, and their heirs and successors in the litigation |
| Target Locations / Products | Credit management issue involving the founding family-affiliated companies |
| Cause | Credit management issue involving the founding family-affiliated companies |
| Amount of Impact on Business Performance | The impact on current fiscal-year results is minor |
| Accounting period in which recognized | Current fiscal year |
| Impact on Earnings Forecast | The impact of filing the appeal on current fiscal-year results is minor |
| Type of litigation or proceeding | Appeal in the damages claim proceedings |
| Court or authority | Tokyo High Court; Shizuoka District Court |
| Plaintiff | Suruga Bank Ltd. |
| Defendant | 4 former directors and their heirs and successors in the litigation |
| Date of filing / date of action | 25 March 2026 (date the appeal was filed). The judgment on remand was issued on 13 March 2026 |
| Claim amount / surcharge amount | ¥4,762,008,000 (the total amount the Company may receive from the respective former directors) |
| Outlook | The Company will continue to respond appropriately so that a fair and reasonable judgment is rendered on the Company's claims in the appellate proceedings. |
| Planned follow-up disclosure | The specific timing of further disclosure regarding the appeal case is not disclosed. Regarding the separate share-house lending issue, the Company states that it will promptly disclose any matters requiring disclosure as they arise. |
Items this document does not state (8)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The former directors and others filed an appeal because they disagreed with the judgment on remand.