November 14, 2014
Sony Financial Holdings Inc.

Summary Information on Sony Bank’s Financial Results
for the Six Months Ended September 30, 2014
<Contents>
1. Consolidated Balance Sheets
2. Consolidated Statements of Incomeand Consolidated Statements of Comprehensive Income

P.2

3. Fair Value Information (Consolidated)

P.4

4. Non-consolidated Balance Sheets

P.5

5. Non-consolidated Statements of Income

P.6

6. Supplementary Information

P.7

P.3

(1) Interest Spread (Non-consolidated)

P.7(2) Deposits and Loans (Non-consolidated)

P.7(3) Balance of Time Deposits by Remaining Period (Non-consolidated)

P.8(4) Balance of Securities by Rating (Non-consolidated)

P.8(5) Loans by Borrower Category (Non-consolidated)

P.8(6) General and Administrative Expenses (Non-consolidated)

P.9(7) Number of Executives and Employees (Non-consolidated)

P.9(8) Non-consolidated Capital Adequacy Ratio (Domestic Criteria)

P.10(9) Consolidated Capital Adequacy Ratio (Domestic Criteria)

P.10

1

1. Consolidated Balance Sheets(Millions of yen)
As ofSeptember 30, 2014

As ofMarch 31, 2014
Assets:Cash and due from banks

174,865

90,339Call loans and bills bought

6,000

6,000

Monetary trusts

20,484

21,514

Securities

771,760

762,745

1,057,419

1,092,110

Foreign exchanges

7,752

6,499

Other assets

26,012

23,380

Tangible fixed assets

1,186

1,077

Intangible fixed assets

4,594

4,461

Deferred tax assets

165

145

(1,527)(1,424)

2,068,713

2,006,850

1,890,022

1,824,664

Call money and bills sold

6,000

6,000

Borrowed money

40,00040,000Foreign exchanges

4088

56,731

59,618Reserve for employees' bonuses

658

387

Reserve for employees' retirement benefits

727

790

Reserve for directors' retirement benefits

5159

Provision for point card certificates8775

Deferred tax liabilities

553

79

1,994,872

1,931,765

Common stock

31,00031,000Capital surplus

21,00021,000Retained earnings

15,93917,985

Total shareholders' equity

67,93969,985Net unrealized gains on other securities, net of taxes

7,255

6,368

Net deferred losses on hedging instruments, net of taxes(2,571)(2,506)00(57)(54)

Total accumulated other comprehensive income

4,626

3,806

Minority interests

1,2751,292

Total Net Assets

73,84075,085

2,068,713

2,006,850

Loans

Allowance for loan losses
Total Assets
Liabilities:
Deposits

Other liabilities

Total Liabilities
Net Assets:

Foreign currency translation adjustments
Remeasurements of defined benefit plans, net of taxes

Total Liabilities and Net Assets

22. Consolidated Statements of Income and Consolidated Statements ofComprehensive Income(1) Consolidated Statements of Income
For the six months
ended September 30, 2013

(Millions of yen)
For the six months
ended September 30, 2014

Ordinary Revenues

18,31518,655Interest income13,105

13,121(Interest income on loans)

7,059

6,994

(Interest income and dividends on securities)

5,993

6,075

Fees and commissions

2,413

2,591

Other operating income

2,719

2,776

Other ordinary income

76

166

Ordinary Expenses

14,721

15,386

Interest expenses

4,313

4,884

(Interest expenses on deposits)

2,412

2,548

Fees and commissions

1,517

1,736

Other operating expenses

349

83

8,441

8,671

9910

Ordinary Profit

3,594

3,268

Income Before Income Taxes

3,594

3,268

Income Taxes —current

1,357

973

Income Taxes —deferredGeneral and administrative expenses
Other ordinary expenses

(4)

221

Total Income Taxes

1,353

1,195

Income Before Minority Interests

2,241

2,073

(14)

16

2,255

2,057

For the six months
ended September 30, 2013

For the six months
ended September 30, 2014

2,241

2,073

(264)

(887)

514

64

－0

Minority Interests (loss)
Net Income(2) Consolidated Statements of Comprehensive Income(Millions of yen)

Income Before Minority Interests
Other Comprehensive Income
Net unrealized losses on other securities, net of taxes
Net deferred gains on hedging instruments, net of taxesForeign currency translation adjustments

－3249

(818)

2,490

1,255

Comprehensive income attributable to parent company

2,505

1,237

Comprehensive income attributable to minority interests

(14)

17

Remeasurements of defined benefit plans, net of taxes
Total other comprehensive income
Comprehensive Income(Details)

33. Fair Value Information (Consolidated)(1) Fair value information on securities
i) Held-to-maturity bonds (As of September 30, 2014)(Millions of yen)
Balance sheet amount

Fair value

Difference

7,966
339
8,305

8,355
355
8,711

388
16405－－－
8,305－－－
8,711

－－－
405

Held-to-maturity bonds of which fair value exceeds
balance sheet amountJapanese government bonds
Japanese corporate bonds
Subtotal
Held-to-maturity bonds of which fair value does not exceedbalance sheet amountJapanese government bonds
Japanese corporate bonds
SubtotalTotalii) Available-for-sale securities (As of September 30, 2014)(Millions of yen)

Available-for-sale securities of which balance sheet amountexceeds acquisition costBonds
Japanese government bonds
Japanese municipal bonds
Japanese corporate bonds
OthersForeign bondsOthers
Oh
Subtotal
Available-for-sale securities of which balance sheet amountdose not exceed acquisition cost
Bonds
Japanese government bonds
Japanese municipal bonds
Japanese corporate bonds
OthersForeign bonds
OthersSubtotal
Total

Balance sheet
amountAcquisition cost

Unrealized gains (losses)

249,278
58,68956,628133,960
357,613353,6593,954
3 954
606,892

242,228
55,82654,648
131,753
350,974
348,6882,286
2 286
593,202

7,049
2,863
1,979
2,206
6,639
4,971
1,668
1 668
13,6893,000－－
3,000
144,547
144,547－147,547
754,4393,000－－
3,000
144,907
144,907－
147,908
741,111

(0)
－－
(0)
(359)
(359)
－
(360)
13,328(2) Fair value information on monetary trustsi) Monetary trusts for investment (As of September 30, 2014)(Millions of yen)
Net valuation gains (losses)
recorded in income
for fiscal year－

Balance sheet
amount514

Monetary trusts for investmentii) Other monetary trusts (As of September 30, 2014)(Millions of yen)

Other monetary trusts

Balance sheet
amountAcquisition
cost

Difference

21,00021,000－Of which,
Of which,balance sheet amount balance sheet amount does
exceeds acquisition cost not exceed acquisition cost
－Note: “Difference” consists of “Of which, balance sheet amount exceeds acquisition cost” and “Of which, balance sheet amount does notexceed acquisition cost.”

4－4. Non-consolidated Balance Sheets(Millions of yen)
As of
September 30, 2013
(A)

As of
September 30,2014(B)

115,900

87,160As ofMarch 31, 2014
(C)

Change(B-A)

Change(B-C)

Assets:Cash and due from banks(28,740)

171,227(84,066)

Call loans

6,0006,000－6,000－

Monetary trusts20,461

21,514

1,053

20,484

1,030

Securities

784,962

764,796(20,166)

773,811(9,014)

1,009,563

1,092,110

82,547

1,057,419

34,691

Foreign exchanges

7,546

6,499

(1,047)

7,752(1,253)

Other assets

19,977

16,243(3,733)

17,995(1,751)

767

694

(73)

795

(101)

Loans

Tangible fixed assets
Intangible fixed assets

2,620

2,658

38

2,746

(88)

Allowance for loan losses(1,567)(1,424)142(1,527)102

1,966,232

1,996,253

30,0202,056,704(60,450)

Total Assets
Liabilities:
Deposits

1,813,054

1,824,664

11,6101,890,022(65,358)

Call money

6,000

6,000－

6,000－

Borrowed money

30,00040,00010,00040,000－Foreign exchanges

688

8140

47

Other liabilities

45,70550,322

4,617

46,021

4,300

Reserve for employees' bonuses

299

331

31598

(267)

Reserve for employees' retirement benefits

493

609

116

544

64

Reserve for directors' retirement benefits

3949

944

4

Provision for point card certificates94

75(18)

87(11)

Deferred tax liabilities

163

94

(68)

568(474)

1,895,857

1,922,236

26,3791,983,929(61,693)

Total Liabilities
Net Assets:
Common stock

31,00031,000－31,000－Capital surplus

21,00021,000－21,000－Retained earnings

14,821

18,156

3,335

16,091

2,064

Total shareholders' equity

66,821

70,156

3,335

68,091

2,064

6,271

6,368

96

7,255

(887)

(2,716)(2,506)

209(2,571)

64

3,554

3,861

306

4,683

(822)

Net unrealized gains onother securities, net of taxes
Net deferred losses on
hedging instruments, net of taxes
Total valuation and translation adjustments
Total Net Assets
Total Liabilities and Net Assets

70,37574,017

3,641

72,774

1,242

1,966,232

1,996,253

30,0202,056,704(60,450)55. Non-consolidated Statements of Income(Millions of yen)
For the six months ended
September 30, 2013
(A)

For the six months ended
September 30, 2014
(B)

Ordinary Revenues

17,08917,336247

33,994

Interest income

13,105

13,121

15

26,328(Interest income on loans)

7,059

6,994

(64)

14,134(Interest income and dividends on securities)

5,993

6,075

82

12,077

Fees and commissions

1,187

1,272

85

2,645

Other operating income

2,719

2,776

56

4,864

(Gains on foreign exchange transactions)

1,501

1,393

(108)

2,782

76

166

90

155

Ordinary Expenses

13,40314,090687

28,149Interest expenses

4,311

4,883

572

9,074

(Interest expenses on deposits)

2,412

2,548

136

4,905

Fees and commissions

1,373

1,584

211

2,668

349

82(267)

1,424

7,270

7,530

259

14,684

Other ordinary income

Other operating expenses
General and administrative expenses
Other ordinary expenses

Change(B-A)(Reference)
For the year ended
March 31, 201498

10(87)

297Ordinary Profit

3,686

3,245(440)5,845Income Before Income Taxes

3,686

3,245(440)5,845Income Taxes —current

1,356967(388)2,460Income Taxes —deferred15203

187(200)

Total Income Taxes

1,371

1,170(200)2,260

Net Income

2,314

2,075(239)

3,585(Reference) Non-consolidated Statements of Income for the three months ended September 30, 2014
(Millions of yen)
For the three months ended For the three months ended
September 30, 2013
September 30, 2014
(B)
(A)

Change(B-A)

Ordinary Revenues

8,097

8,690592

Interest income

6,516

6,585

69

(Interest income on loans)

3,544

3,516

(27)

(Interest income and dividends on securities)

2,938

3,046

108

Fees and commissions

559

705

145

Other operating income

983

1,382

398

(Gains on foreign exchange transactions)

722

827

105

37

17(20)

Ordinary Expenses

Other ordinary income

6,706

7,155

449

Interest expenses

2,207

2,482

275

(Interest expenses on deposits)

1,153

1,322

169

Fees and commissions

733

795

61

Other operating expenses

44

54

10

3,647

3,817

170

734(68)

Ordinary Profit

1,391

1,534

143

Income Before Income Taxes

1,391

1,534

143

588

714

125

Income Taxes —deferred(61)

(150)

(89)

Total Income Taxes

52756335

Net Income863

971

107

General and administrative expenses
Other ordinary expenses

Income Taxes —current66. Supplementary Information(1) Interest Spread (Non-consolidated)

Yield on investment (1)Yield on loans
Yield on securities
Financing cost(2)Yield on financing (3)Yield on deposits*

Yield on external liabilities
Expense ratio(1)－(3)
Interest spread(1)－(2)Overall profit margin

For the six months ended
September 30, 2013
1.341.42
1.44
1.23
0.45
0.26
0.79
0.78
0.89
0.11

For the six months ended
September 30, 2014
1.34
1.30
1.56
1.32
0.52
0.27
0.56
0.81
0.81
0.01

Note: External liabilities = Call money + Borrowed money.

(2) Deposits and Loans (Non-consolidated)
For the six months ended September 30, 2013

Deposits
Yen deposits
Ordinary deposits
Time deposits
Foreign currency deposits
Ordinary deposits
Time deposits
Loans
Mortgage loans
Others(Millions of yen, %)For the six months ended September 30, 2014

Balanceat the end

Averagebalance

Yield

Balanceat the end

AveragebalanceYield

1,813,054
1,435,100
430,0211,005,060
377,953
197,443
180,509,,1,009,563
899,600
109,962

1,844,869
1,463,269
419,308
1,043,927
381,599
193,800
187,785,
988,864
878,003110,860

0.26
0.19
0.01
0.26
0.50
0.08
0.93
1.42
1.48
0.93

1,824,664
1,483,841
478,954
1,004,859
340,823
165,909
174,913,,
1,092,110
983,287
108,822

1,831,603
1,471,215
460,674
1,010,496
360,387
183,633
176,749,,
1,071,058
962,160
108,898

0.27
0.17
0.01
0.24
0.69
0.11
1.30
1.30
1.35
0.82

Note: The average balance of foreign currency deposits during the term is calculated as the average during the period of the yen equivalentvalue of each day’s foreign currency deposit balance.

7(3) Balance of Time Deposits by Remaining Period (Non-consolidated)(Millions of yen)
As of September 30, 2014

As of September 30, 2013
Yen

Foreigncurrency

Total

Yen

Foreigncurrency

Total

47,146523,977
279,477
24,514
13,24957,930946,296

96,85745,05429,586
6,414
2,189
408
180,509

144,004
569,031309,063
30,92815,43858,3391,126,806

54,311
523,011265,001
31,3506,585
61,439941,700

97,42539,86826,265
6,111
4,619
623
174,913

151,736
562,880
291,266
37,462
11,20462,063
1,116,614

Remaining periodLess than 3 months
3 months or more, less than 6 months
6 months or more, less than 1 year
1 year or more, less than 2 years
2 years or more, less than 3 years
3 years or more

Total

Note: The table above does not include thrift saving deposits.

(4) Balance of Securities by Rating (Non-consolidated)

Ratings
AAAAAABBB
BB or below
P-1
Unrated
Total
Notes:

As of September 30, 2013
Balance Composition
204,408
26.0
297,39337.9
239,108
30.5
33,163
4.2
1,290
0.2
－－
9,598
1.2
784,962
100.0(Millions of yen, %)As of September 30, 2014
BalanceComposition
134,53417.6
287,065
37.5
295,067
38.6
32,132
4.2
－－
9,991
1.3
6,004
0.8
764,796100.0

1. Credit rating classifications are based on the standardized approach for risk weighting applicable underthe bank capital requirements, commonly referred to as Basel III. The external credit ratings used inapplying the standardized approach to risk weighting for these purposes are the ratings assigned by thefollowing rating agencies: Moody's Investors Service, Inc., Standard & Poor's, Rating and Investment
Information, Inc., Japan Credit Rating Agency, Ltd. and Fitch Ratings Ltd.
2. The unrated items on the above table include ￥3,954 million of investments in unrated investment trustsand ￥2,050 million of investments in shares of a subsidiary.

(5) Loans by Borrower Category (Non-consolidated)

Category
Bankrupt and quasi-bankrupt loans
Doubtful loans
Sub-standard loans
Normal loans
Total

As of September 30, 2013
Amount
943
858
2,212
1,016,631
1,020,645

8(Millions of yen)
As of September 30, 2014
Amount
824
914
1,733
1,096,963
1,100,436

(6) General and Administrative Expenses (Non-consolidated)

Personnel expenses
Non-personnel expenses
Depreciation and amortization
Taxes
Total

For the six months ended
September 30, 2013
Amount
%
1,913
26.3
5,072
69.8
601
8.3
284
3.97,270
100.0(Millions of yen, %)For the six months ended
September 30, 2014
Amount%
2,091
27.8
5,078
67.4
601
8.0
360
4.8
7,530
100.0

(7) Number of Executives and Employees (Non-consolidated)
As of September 30, 2013

(Persons)
As of September 30, 2014

99663393

3438

Executive management
Directors
Statutory auditors
Employees

Notes:1.The number of directors include one outside director and the number of statutory auditors
include two non-executive statutory auditors.
2.The number of employees exclude temporary employees and subcontracted employees
seconded to Sony Bank.

9(8) Non-consolidated Capital Adequacy Ratio (Domestic Criteria)

Capital Adequacy Ratio
Tier I Capital Ratio
Total Capital
Total Tier I Capital
Total Required Capital

As of September 30, 2013
11.99
9.14
87,60566,821
29,223As of March 31, 2014－－－－－

(Millions of yen, ％）As of September 30, 2014－－－－－

Note: The non-consolidated capital adequacy ratio (domestic criteria) was calculated based on the standard stipulated
by Article 14-2 of the Banking Act, in accordance with FSA Notification No. 19 (2006).

Capital Adequacy Ratio
Total Capital
Total Required Capital

As of September 30, 2013－－－

As of March 31, 2014
11.72
88,88130,317(Millions of yen, ％）As of September 30, 2014
11.80
90,82030,782

Note: The non-consolidated capital adequacy ratio (domestic criteria) was calculated based on the standard stipulated
by Article 14-2 of the Banking Act, in accordance with FSA Notification No. 19 (2006).

(9) Consolidated Capital Adequacy Ratio (Domestic Criteria)

Capital Adequacy Ratioi I Capitali l Ratio
iTierTotal Capital
Total Tier I Capital
Total Required Capital

As of September 30, 2013
12.02
9 20
9.20
88,633
67,84929,486

As of March 31, 2014－－－－－

(Millions of yen, ％）As of September 30, 2014－－－－－

Note: The consolidated capital adequacy ratio (domestic criteria) was calculated based on the standard stipulated
by Article 14-2 of the Banking Act, in accordance with FSA Notification No. 19 (2006).

Capital Adequacy Ratio
Total Capital
Total Required Capital

As of September 30, 2013－－－

As of March 31, 2014
11.71
89,82530,675(Millions of yen, ％）As of September 30, 2014
11.79
91,80331,129Note: The consolidated capital adequacy ratio (domestic criteria) was calculated based on the standard stipulated
by Article 14-2 of the Banking Act, in accordance with FSA Notification No. 19 (2006).

10