August 11, 2009
Sony Financial Holdings Inc.

Summary Information on Sony Life’s Financial Results
for the Three Months Ended June 30, 2009<Contents>
1. Key Performance Results
2. Status of Investment Assets (General Account)
3. Balance Sheets (Non-consolidated)
4. Statements of Income (Non-consolidated)
5. Reconciliation to Core Profit and Non-consolidated Ordinary Profit
6. Solvency Margin Ratio
7. Status of Separate Account Assets
8. Consolidated Summary
9. (Reference) Holdings of Securitized Papers and Other Sub-prime
Related Investments

1

P.2
P.3
P.7
P.8
P.9
P.10
P.11
P.12
P.15

1. Key Performance Results（1）Policy Amount in Force and New Policy Amount（Number: Thousand, Amount: 100 million yen)

Policy Amount in Force
As of June 30, 2008

As of June 30, 2009

As of March 31, 2009

Category
NumberIndividual life
insurance
Individual annuities

Amount4,473

Number315,604% Change fromMarch 31, 2009

Change

4,730

105.8

% Change fromMarch 31, 2009

Amount101.6

324,280

102.7

Number

100.6

Amount4,657

322,291

47

2,718

52

110.0

102.3

2,928

107.7

101.5

51

2,885

4,520

318,322

4,782

105.8

101.6

327,208

102.8

100.6

4,708

325,176

Group life insurance

－

9,404

－

－

－

10,967

116.6

107.6

－

10,194

Group annuities

－

729

－

－

－

728

99.9

99.2

－

734

Subtotal

Notes:

1. Policy amounts for individual annuities are equal to the sum of annuity assets at the time annuity payments commence and policy reserves after annuity payments commence.
2. The policy amount in force for group annuities is equal to the amount of outstanding policy reserves.

（Number: Thousand, Amount: 100 million yen)

New policies
For the three months ended June 30, 2008

For the three months ended June 30, 2009

Category
NumberIndividual life
insurance
Individual annuities

Amount140

Number

New Policies

Increase from
Conversion

9,911

－

9,911

AmountChange142

101.4

Change

9,244

93.3

New Policies

Increase from
Conversion

9,244

－

2

131

131

－

1

68.0

77

59.4

77

－

Subtotal

142

10,042

10,042

－

144

100.9

9,322

92.8

9,322

－

Group life insurance

－

11

11

－

－

31

282.5

31

Group annuities

－

－

－

－

－

－

－

－

Notes:

1. The new policy amount including increase from conversion for individual annuities is funds to be held at annuity payments are to commence for an annuity.
2. The new policy amount for group annuities is equal to the initial premium payment.

(2) Annualized Premiums（Millions of yen, %)Policy amount in force
Category
Individual Life Insurance

As of June 30, 2008

As of June 30, 2009

526,842

Change% Change fromMarch31, 2009

543,038

103.1

100.9

As of March 31, 2009

538,252

Individual annuities

9,227

9,777

106.0

101.4

9,646

Toal

536,070

552,815

103.1

100.9

547,898

123,619

128,363

103.8

101.3

126,662

Of which, medical protection,living benefit protection, etc.

（Millions of yen, %)New policies
Category
Individual Life Insurance

For the three months
ended June 30, 2008

For the three months
ended June 30, 2009

15,677

15,667

99.9

ChangeIndividual annuities

524

340

64.8

Toal

16,202

16,00798.9

Of which, medical protection,
3,965
113.3
3,501
living benefit protection, etc.
Notes: 1. Annualized premiums refer to an amount that is calculated by multiplying individual premium amounts by a coefficient that differs depending on the premiu
payment methods, thereby converting the figure to a per-year premium. (For single-payment policies, premiums are divided by the coverage period.)
2. Figures in "Medical protection and living benefit protection, etc" indicateds the annualized premiums for the portion of products with medical protection benefits(hospitalization benefit, surgical procedure benefit, etc.) and products with living benefit protection (benefits for specific illness, nursing care benefits, etc.)22. Status of Investment of Assets (General Account)(1) Composition of General Account Assets（Millions of yen, %）Category

AmountCash and deposits, call loans
Securities repurchased under resale agreements
Pledged money for bond borrowing transaction
Monetary claims purchased
Securities under proprietary accounts
Monetary trusts
Securities
Domestic bonds
Domestic stocks
Foreign securities
Foreign bonds
Foreign stocks
Other securities
Loans
Real estate
Deffered tax assets
Other assets
Reserve for possible loan losses
Total
Foreign currency denominated assets

As of March 31,
2009

As of June 30, 200982,186－－－－556,208
2,664,096
2,488,035
59,869106,319
86,09820,221
9,872
121,072
81,762
21,97978,905-210
3,606,001
27,212

Note: Real estate is the total of land, buildings and construction in progress.

3%

Amount

2.3
－
－
－
－
15.4
73.9
69.0
1.7
2.9
2.4
0.6
0.3
3.4
2.3
0.6
2.2
-0.0
100.0
0.8

58,051－－－－
607,625
2,559,237
2,384,467
50,974
115,279
93,70921,5698,516
120,462
81,75435,43973,407-208
3,535,769
34,299

%

1.6
－
－
－
－
17.2
72.4
67.4
1.4
3.3
2.7
0.6
0.2
3.4
2.3
1.0
2.1
-0.0
100.0
1.0

(2) Fair Value Information on Securities

ａ. Fair value information on securities with market value (except trading-purpose securities)（Millions of yen）
As of June 30, 2009
Carrying value
before mark-tomarket

Fair value

Held-to-maturity securities

1,641,309

1,643,730

Policy reserve matching bonds

1,472,271

1,516,864

Domestic bonds

1,352,977

1,387,212

Domestic stocks

56,92854,91554,915-68,451
52,842
52,842--2,073-2,073

7,450
-

8,357
-

3,113,581

Domestic bonds
Domestic stocks

Category

Stocks of subsidiaries and affiliated companies
Available-for-sale securities

Foreign securities
Bonds
Stocks, etc.
Other securities
Money claims purchased
Certificates of deposit
Others
Total

Foreign securities
Bonds
Stocks, etc
Other securities
Monetary claims purchased
Certificates of deposit
Others

As of March 31, 2009

Net unrealized gains/losses

Carrying value
before mark-tomarket

Net unrealized gains/losses

Fair value

Unrealized gains

Unrealized losses

Unrealized gains

Unrealized losses

2,420
44,592
34,234

13,668

11,2481,399,011 1,425,713

26,702

28,991

2,288

58,613

14,021

1,675,529 1,699,732

24,20256,28632,08345,08810,853

1,546,918 1,573,911

26,99351,624

24,63011,522-

12,290
255
255
-

768
2,328
2,328
-

56,95064,21064,210-58,37160,56960,569-1,421-3,641-3,641
-

4,510
150
150
-

3,088
3,791
3,791
-

907
-

979
-

71
-

7,450
-

6,879
-

-570
-

1
-

572
-

-

-

-

-

-

-

-

-

-

3,160,594

47,012

72,28225,2693,074,540 3,125,446

50,90585,277

34,372

2,952,741

2,986,726

33,98456,086

22,101

2,904,503 2,958,363

53,86080,61526,75556,92896,461

68,451
97,058

11,522597

12,290
2,926

768
2,328

56,950105,636

58,371
101,831

1,421-3,805

4,510
150

3,088
3,955

96,461-

97,058
-

597

2,926
-

2,328
-

105,636-

101,831--3,805
-

150
-

3,955
-

7,450
-

8,357
-

979
-

71
-

7,450
-

6,879
-

-570
-

1
-

572
-

-

-

-

-

-

-

-

-

-

907
-

Notes 1. The above table includes assets such as certificates of deposits which are permited to be treated as equivalent to securities defined in the Financial Instruments and Exchange Law ofJapan.
2. "Carrying value before mark-to-market" and "Net unrealized gains/losses on monetary trusts," including items other than trading securities, amounted to ¥506,676 million and ¥13,141
million.
3. Carrying value before mark-to-market represents the amount after deductions for depreciable costs and impairment losses, before mark-to-market.

b. Carrying value of the securities without market value（Millions of yen）

Category
Held-to-maturity securities
Unlisted foreign bonds
Others
Policy reserve matching bonds
Stocks of subsidiaries and affiliated companies
Available-for-sale securities
Unlisted domestic stocks
Unlisted foreign stocks
Unlisted foreign bonds
OthersTotal

As of June 30, 2009

As of March 31, 2009
-

-

7,047
24,647

6,047
24,721

4775
23,867
31,695

4739
23,97730,769-4

ｃ. Fair Value Information consisting of those stated in the previous table-a and foreign exchange and other gains (losses) for table-b.
（Millions of yen）
As of June 30, 2009

Category
Held-to-maturity securities
Policy reserve matching bonds
Stocks of subsidiaries andaffiliated companies
Available-for-sale securities
Domestic bonds
Domestic stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Money claims purchased
Certificates of deposit
Others
Total
Domestic bonds
Domestic stocks
Foreign securities
Bonds
Stocks, etc
Other securities
Money claims purchased
Certificates of deposit
OthersCarrying value
before mark-tomarket

Fair value

1,641,309-

1,643,730-

7,047
1,496,919
1,352,977
56,93355,691
54,915775
31,3173,145,277
2,952,741
60,933
100,285
96,461
3,823
31,317-

As of March 31, 2009

Net unrealized gains/losses

Carrying value
before mark-tomarket

Unrealized gains

Unrealized losses

2,420
-

13,668-

11,248
-

7,047

-

-

-

6,047

1,535,556
1,387,212
68,45553,504
52,842662
26,3833,186,334
2,986,726
72,455
100,768
97,0583,709
26,383-38,63634,234
11,522-2,186-2,073-113-4,934
41,05633,984
11,522483
597-113-4,934-58,88845,08812,290
255
255
1,254
72,55756,086
12,290
2,926
2,926
1,254
-

20,251
10,853
768
2,442
2,328
113
6,188
31,50022,101
768
2,442
2,328
113
6,188
-

1,700,251
1,546,918
56,95464,95064,210739
31,427
3,105,310
2,904,503
59,954
109,424
105,636
3,787
31,427-

5

Fair value

Net unrealized gains/losses
Unrealized gains

Unrealized losses

26,702-

28,991
-

2,288
-

6,047

-

-

-

1,719,894
1,573,911
58,376
61,27560,569705
26,331
3,151,656
2,958,363
61,376
105,585
101,831
3,753
26,331-

19,643
26,993
1,421-3,675-3,641-33-5,095
46,34653,8601,421-3,838-3,805-33-5,095-56,761
51,624
4,510
150
150
476
85,75280,615
4,510
150
150
476
-

37,117
24,630
3,088
3,825
3,791
33
5,572
39,406
26,755
3,088
3,988
3,955
33
5,572
-

1,399,011 1,425,713-

（Millions of yen）
As of March 31, 2009

(3) Fair Value Information on Monetary Trusts
As of June 30, 2009
Category
Monetary trusts

Net unrealized gains/losses

Balance sheet
amountFair value

556,208556,208

Unrealized gains

Unrealized losses

Balance sheet
amount

--607,625-

Net unrealized gains/losses
Fair value

607,625-

Unrealized gains

Unrealized losses--

Note: The table above includes 50 million of joitly invested monetary trusts.

（Millions of yen）
As of March 31, 2009

Monetary Trusts for Investment

As of June 30, 2009
Category
Monetary Trusts for
Investment

12,581

Net valuation
gains (losses)

Balance sheet
amountNet valuation
gains (losses)

Balance sheet
amount32,0205,357-4,413

Note: Monetary trusts includes cash, deposits and call loans held in monetary trusts.

（Millions of yen）
As of March 31, 2009

Monetary Trusts for Held-to-maturity, Policy Reserve Matching Secutirites and Others

As of June 30, 2009
Category

Balance sheet
amountNet unrealized gains/losses
Unrealized gains

Unrealized losses

Balance sheet
amountFair value

Net unrealized gains/losses
Fair value
Unrealized gains

Unrealized losses

Monetary trusts for held-tomaturity

-

-

-

-

-

-

-

-

-

-

Monetary trusts for policy
reserve matching

-

-

-

-

-

-

-

-

-

-

530,435

543,576

13,141

16,973

3,831

567,248575,5548,306

17,478

9,172

Other monetary trusts

Note: Monetary trusts includes cash and call loans held in monetary trusts.

6

3. Balance Sheets (Non-consolidated)（Millions of yen）

Assets:Cash and deposits
Call loans
Monetary trusts
Securities
Japanese national government bonds
Japanese local government bonds
Domestic corporate bonds
Domestic stocks
Foreign securities
Loans
Policy loans
Tangible fixed assets
Intangible fixed assets
Due from agencies
Due from reinsurers
Other assets
Deferred tax assets
Reserve for possible loan losses
Total Assets
Liabilities:
Policy reserve and others
Reserve for outstanding claims
Policy reserve
Reserve for policyholders' dividends
Due to agencies
Due to reinsurers
Other liabilities
Accrued income tax
Lease obligation
OthersReserve for employees' retirement benefits
Reserve for directors' retirement benefits
Reserve for price fluctuations
Reserve for price fluctuations
Deferred tax liabilities on land revaluation
Total Liabilities
Net Assets:
Common stock
Capital surplus
Capital reserve
Retained earnings
Earned reserve
Other retained earnings
Unappropriated retained earnings
Total stockholder's equity
Net unrealized gains on other securities, net of taxes
Land revaluation, net of taxes
Total valuation and translation adjustments
Total Net Assets
Total Liabilities and Net Assets

7

As of June 30, 2009

As of March 31, 2009

AmountAmount37,904
61,400556,208
2,958,416
2,353,962
29,014
216,669
84,740193,271
121,072
121,072
82,907
12,1990430
66,67821,979-210
3,918,988

25,17445,800607,625
2,819,638
2,196,830
29,190270,253
70,620189,426
120,462
120,462
82,793
12,1871
104
61,91135,439-208
3,810,929

3,717,414
19,8683,694,844
2,702
1,103
702
21,814
159
368
21,286
13,295
100
5,036
5,036
706
3,760,174

3,614,027
19,111
3,592,376
2,539
1,216
880
36,891
9,530
388
26,973
12,727
95
3,653
3,653
706
3,670,198

70,0005,865
5,865
67,146
9,878
57,26757,267143,011
17,278-1,47515,803
158,8143,918,988

70,0005,865
5,865
62,325
8,478
53,84753,847138,190
4,015-1,475
2,539
140,730
3,810,929

4. Statements of Income (Non-consolidated)(Millions of yen)

Ordinary revenues

For the Three months
ended June 30, 2008

For the Three months
ended June 30, 2009

AmountAmount

190,847
162,590
162,374
27,533
12,743
4,337
151
2,994
24
7,281
722
178,50260,93814,414
1,388
7,578
36,588466
89,462

223,204
165,946
165,574
56,526
15,7164,188
6,620
28,867731
202,461
66,864
15,1901,554
7,950
41,218440
103,225

Provision for reserve for outstanding claims

1,877

756

Provision for policy reserve
Interest portion of reserve for policyholders'
dividends
Investment expenses

87,574102,467

10

1

Income before income taxes

2,672
6
42
489
22,784
2,643
12,345
511
17
0
493
493
874
10,959

6,247
8
3,623
23,1183,005
20,743
1,458
74
0
1,383
1,383
279
19,004

Income taxes -Current

4,162

-426

Income taxes -Deferred

-225
3,936
7,022

7,610
7,184
11,820

Income from insurance premiums（Insurance premiums）
Investment income（Interest income and dividends）（Income from monetary trusts, net）
（Income from trading securities, net）
（Gains on sale of securities）（Gains on derivatives, net）
（Gains on separate accounts, net）

Other ordinary income
Ordinary expenses
Insurance claims and other paymenbts（Insurance claims）（Annuity payments）（Insurance benefits）（Surrender payments）（Other payments）
Provision for policy reserve and others（Interest expenses）（Losses on sale of securities）（Devaluation losses on securities）（Losses on derivatives, net）
（Losses on separate accounts, net）
Operating expenses
Other ordinary expenses
Ordinary profit
Extraordinary losses
Losses on sale or disposal of fixed assets
Impairment losses
Reserves under Special Act
Provision for reserve for price fluctuations
Provision for reserve for policyholers' dividends

Total Income Taxes
Net income

8*1

5. Reconciliation to Core Profit and Non-Consolidated Ordinary Profit(Millions of yen)
For the three months
ended June 30, 2008
Core profit

Ａ

Capital gains
Income from monetary trusts, net
Income from trading securities, net
Gains on sale of securities
Gains on derivatives, net
Foreign exchange gains, net
Other capital gains
Capital losses
Losses on monetary trusts, net
Losses on trading securities, net
Losses on sale of securities
Devaluation losses on securities
Losses on derivatives, net
Foreign exchange losses, net
Other capital losses
Net capital gains
Core profit plus net capital gains

Ｂ
Ａ＋Ｂ

Other one-time gains
Gains from reinsurance
Reversal of contingency reserves
Other
Other one-time losses
Losses from reinsurance
Provision for contingency reserves
Provision for reserve for specific problem loans
Provision for reserve for specific overseas
receivable assets
Loans amortization
Other
Total other one-time losses
Ordinary profit

Ｃ
Ａ＋Ｂ＋Ｃ

For the three months
ended June 30, 2009

9,369
4,334
1,164
151
2,994
24
563
42
489
31
3,771
13,140795
783
12

16,569
8,683
2,063
6,620
3,759
3,623
135
4,924
21,493
750
749
1

-795
12,345-750
20,743

Notes:
1. Core profit for the three months ended June 30, 2008 (A) includes income gains of 3,172 million yen in incomfrom monetary trusts.
2. Core profit for the three months ended June 30, 2009 (A) includes income gains of 2,125 million yen in incomfrom monetary trusts.

96. Solvency Margin Ratio（Millions of yen）

Category

As of June 30, 2009
（A）

As of March 31, 2009

572,442531,321

Net assets (less certain items)

143,011

131,190

Reserve for price fluctuaions

5,036

3,653

Contingency reserve46,24045,4910034,773

17,679

4,899

4,899

305,590

302,226

Unallocated portion of reserve fpr policyholders' dividends

383

382

Future profits－－

Deferred tax assets

32,507

25,797

Subordinated debt－－

Deductible items－－

Total solvency margin

Reserve for possible loan losses
Net unrealized gains on other securities (before taxes)
multiplied by 90% if gains or 100% if losses
Net unrealized gains on real estate multiplied by 85% ifgains or 100% if losses
Excess of the amount equivalent to policy reserve underZillmer method

Total risk

2
2
(R
(R
R
1+R
8) +
2 +R
3+R
7) +
4

Insurance risk（Ｂ）

50,560R1

Third-sector insurance risk

R851,571

18,747

18,595

7,068

7,008

Assumed interest rate risk

R2

11,283

11,241

Asset management risk

R3

23,16024,689Business management risk

R4

1,354

1,375

Minimum guarantee risk

R7

7,446

7,243

2,264.3%

2,060.5%

Solvency margin ratio（Ａ）
×１００（１／２）×（Ｂ）
Notes: 1. Calculations employed in the table above apply the methods povided for under Articles 86 and 87 of the Insurance Business Law
of Japan enforcement regulations, as stipulated in 1996 by the Ministry of Finance Official Notification No. 50. Any excess of theamount equivalent to policy reserve under Zillmer method is calculated as stipulated by Article 1-3-1 of Ministry of Finance
Official Notification No. 50.
2. A standard method is used to calculate minimum guarantee risk.

10

7. Status of Separate Account Assets(1) Balance of Separate Account Assets（Millions of yen）
Category

As of June 30, 2009

Individual variable life
insurance and individual
variable annuities

As of March 31, 2009

312,986

275,160-

Group annuities-

312,986

Total separate account275,160

Note: Assets relating to individual variable life insurance and individual variable annuities are jointly invested at Sony Life.

(2) Policy Amount in Force (Separate Account)（Number: Thousand, Amount: Million Yen）

Individual varialbe life insurance

Category

As of June 30, 2009

NumberAs of March 31, 2009

AmountNumberAmountVariable life insurance(whole life type)491

6,468,583

483

6,404,908

Variable life insurance(limited term type)41

138,091

41

136,557

Variable life insurance(term type)1

61,9391

62,517535

6,668,614

526

6,603,983

Total

Note: Amounts include the rider portion of term life insurance.

Individual variable annuities（Number: Thousand, Amount: Million Yen）
As of June 30, 2009

As of March 31, 2009

Category

NumberAmountNumberAmountIndividual variable annuities28

153,57428

152,525

Total

28

153,57428

152,525

Note: The figure indicated in the amount column is for annuity resources.

118. Consolidated Summary(1) Key Performance Results（Millions of yen）
Category
Ordinary Revenues
Ordinary Profit
Net Income

For the Three months ended
June 30, 2008

For the Three months ended
June 30, 2009

190,943
12,3907,067

223,273

As of June 30, 2009

Category(2) Scope of Consolidation and Companies Accounted for under Equity Method
Number of consolidated subsidiaries

1

Number of non-consolidated companies accounted for under equity method0

Number of affiliated companies accounted for under equity method

1

12

11,832As of March 31, 2009

3,918,739

Total assets

20,7553,810,470

(3) Consolidated Balance Sheets(Millions of yen)
As of June 30, 2009

As of March 31, 2009

AmountAmountAssets:Cash and deposits
Call loans
Monetary trusts
Securities
Loans
Tangible fixed assets
Intangible fixed assets
Due from agencies
Due from reinsurers
Other assets
Deferred tax assets
Reserve for possible loan losses
Total Assets

38,381
61,400556,208
2,957,602
121,081
82,921
12,2010430
66,742
21,979-210
3,918,739

25,67545,800607,625
2,818,578
120,469
82,806
12,1871
104
61,98935,439-208
3,810,470

3,717,615
19,8683,695,043
2,702
1,103
702
21,843
13,296
100
5,036
5,036
0
706
3,760,405

3,614,211
19,114
3,592,557
2,539
1,216
880
36,924
12,728
95
3,653
3,653
0
706
3,670,417

70,0005,865
66,819142,684
17,231-1,475-107
15,649158,333
3,918,739

70,0005,865
61,986
137,851
3,925-1,475-248
2,201
140,052
3,810,470

Liabilities:
Policy reserve and others:
Reserve for outstanding claims
Policy reserve
Reserve for policyholder dividends
Due to agancies
Due to reinsurers
Other liabilities
Reserve for employees' retirement benefits
Reserve for deirectors' retirement benefits
Reserve for price fluctuations
Reserve for price fluctuations
Deferred tax liabilities
Deferred tax liabilities on land revaluation
Total Liabilities
Net Assets:
Common stock
Capital surplus
Retained earnings
Total shareholder's equity
Net unrealized gains on other securities, net of taxes
Land revaluation, net of taxes
Foreign currency translation adjustments
Total valuation and translation adjustments
Total Net Assets
Total Libailities and Net Assets

13(4) Consolidated Statements of Income(Millions of yen)

For the three months ended
June 30, 2008

For thethree months ended
June 30, 2009

AmountAmountOrdinary revenues
Income from insurance premiums
Investment income（Interest income and dividends）（Income from monetary trusts, net）
（Income from trading securities, net）
（Gains on sale of securities）（Gains on separate accounts, net）
Other ordinary income
Ordinary expenses
Insurance claims and other payments（Insurance claims）（Annuity payments）（Insurance benefits）（Surrender payments）（Other payments）
Provision for policy reserve and others
Provision for reserve for outstanding claims
Provision for policy reserve
Interest portion of reserve for policyholders'
dividends
Investment expenses（Interest expenses）（Losses on sale of securities）（Devaluation losses on securities）
Operating expenses
Other ordinary expenses
Ordinary profit
Extraordinary losses
Losses on disposal of fixed assets
Impairment losses
Provision for reserve for price fluctuations
Provision for reserve for price fluctuations
Provision for reserve for policyholers' dividends
Income before income taxes
Income taxes -Current
Income taxes -Deferred
Total Income Taxes
Net income

14

190,943
162,608
27,611
12,806
4,337
151
3,008
7,281
723
178,553
60,941
14,416
1,388
7,578
36,589968
89,472
1,877
87,584

223,273
165,960
56,581
15,7684,188
6,622
28,867731
202,518
66,86915,194
1,554
7,950
41,218951
103,231754
102,476

10

1

2,653
6
42
489
22,8292,656
12,390
511
17
0
493
493
874
11,004
4,162
-255
3,937
7,067

6,220
8
3,626
23,1483,048
20,755
1,458
74
0
1,383
1,383
279
19,016
-426
7,610
7,184
11,832

Reference Holdings of Securitized Papers and Other Sub-prime Related Investments
Sony Life’s holdings of securitized papers and other sub-prime related investments as of June 30, 2009, are as follows. Sony
Life holds no sub-prime related investments.

(1) Special-purpose entities (SPEs)
Fair value
Special purpose entities （ＳＰＥｓ）
ＡＢＣＰ
ＳＩＶ
Other

－
－
－
－

(2) Collateralized debt obligations (CDO)
Fair value
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－

Collateralized debt obligations (CDO)
ABS-CDO
SeniorMezzanine
EquityCLO

SeniorMezzanine
EquityCBO

SeniorMezzanine
EquityOther

SeniorMezzanine
Equity(3) Other sub-prime (Alt-A exposure)
Fair value
－
－
－
－
－
－

Other sub-prime (Alt-A exposure)Non-securitized loans
RMBS
Derivatives
Commitment line
Other

15

Unrealized
gains/losses－－－－(Unit: 100 million yen)
Gains/losses recorded
in income－－－－（Unit: 100 million yen）
Unrealized
Gains/losses recorded
gains/losses
in income
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
－
（Unit: 100 million yen）
Unrealized
Gains/losses
gains/losses
recorded in income
－
－
－
－
－
－
－
－
－
－
－
－

(4) Commercial mortgage-backed securities (CMBS)
Fair value
As of March 31, 2008

Commercial mortgage-backed securities (CMBS)
Japan
USA
EU
UK
Other

－
－
－
－
－
－

－
－
－
－
－
－

(5) Leveraged financeFair value
As of March 31, 2008

Leveraged financeCommunications
Electronics
Entertainment
Services
Other

－
－
－
－
－
－

－
－
－
－
－
－

（Unit: 100 million yen）
Unrealized
Gains/losses
gains/losses
recorded in income
－
－
－
－
－
－
－
－
－
－
－
－
（Unit: 100 million yen）
Unrealized
Gains/losses
gains/losses
recorded in income
－
－
－
－
－
－
－
－
－
－
－
－

(6) Other notes
Sony Life holds convertible bond repackage notes (fair market value of ¥18.8 billion and unrealized losses of ¥0.9 billion as ofJune 30, 2009) and principal protected 30 year notes with Nikkei 225 index linked coupon (fair market value of ¥44.2 billion andunrealized losses of 2.6 billion as of June 30, 2009). These amounts are included in “Net unrealized losses on other securities,(before taxes)” of Sony Life as of June 30, 2009.

16