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 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-03-03","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/8358-20260303-01.pdf","jir_short_summary":"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.","jir_summary":"### Background of the lawsuit and summary of the first instance judgment\nOn 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.\n\n### Current status of the appeal and future outlook\nOn 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.","jir_financial_highlights":"Total damages claimed: 3.5 billion yen (unknown)\nAmount recognized by first instance judgment (Mitsuyoshi Okano): 1,335,211,789 yen (unknown)\nAmount recognized by first instance judgment (other 5 individuals): 1 billion yen each + 335,211,789 yen (unknown)","jir_category":"","jir_hashtags":"#SurugaBank, #GeneralIR, #LawsuitRelated","jir_key_figures":"Total damages claimed: 3.5 billion yen\nAmount recognized for Mitsuyoshi Okano: 1,335,211,789 yen\nAmount recognized for other 5 former directors: 1 billion yen each + 335,211,789 yen","jir_meta_title":"Suruga Bank: Six Former Directors File Appeal Against 3.5 Billion Yen Damages Lawsuit First Instance Judgment","jir_meta_description":"Suruga Bank announces that an appeal was filed on November 12, 2025, against the first instance judgment in the damages lawsuit involving six former directors. Attention is focused on the developments in the upcoming appeal trial.","jir_og_title":"Suruga Bank Announces Appeal Filing by Six Former Directors","jir_og_description":"Six former directors have filed an appeal against the first instance judgment of the 3.5 billion yen damages lawsuit. Suruga Bank asserts the legitimacy of the first instance judgment and closely monitors future developments.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8084,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"general_ir","footnotes":""},"sector":[],"importance":[],"class_list":["post-32995","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n