Suruga Bank Ltd.
Notice Regarding the Filing of Appeal Against Our Company
Reported that six former directors filed an appeal at the Tokyo High Court on November 12, 2025, against the first instance judgment of the damages lawsuit.
Key Figures
- Total damages claimed: 3.5 billion yen
- Amount recognized for Mitsuyoshi Okano: 1,335,211,789 yen
- Amount recognized for other 5 former directors: 1 billion yen each + 335,211,789 yen
AI要約
Background of the lawsuit and summary of the first instance judgment
On November 12, 2018, the company filed a damages lawsuit totaling 3.5 billion yen against eight former directors and one former executive officer. A consolidated joint lawsuit by 41 shareholders was also heard concurrently. On November 29, 2023, a settlement was reached with the former executive officer. The first instance judgment partially accepted claims against six former directors, confirming an amount of 1,335,211,789 yen against Mr. Mitsuyoshi Okano, and for the other five individuals, 1 billion yen each plus 335,211,789 yen.
Current status of the appeal and future outlook
On November 12, 2025, six former directors filed an appeal at the Tokyo High Court. The company regards the first instance judgment as fair and appropriate and has not filed an appeal. In the appeal trial, the company will assert the validity of the first instance judgment and will promptly disclose any future developments.
