August 8, 2019Sony Financial Holdings Inc.

Summary Information on Sony Bank’s Financial Results
for the Three Months Ended June 30, 2019
<Contents>
1. Consolidated Balance Sheets
2. Consolidated Statements of Income and Consolidated Statements ofComprehensive Income

P.2

3. Non-consolidated Balance Sheets

P.4

4. Non-consolidated Statements of Income

P.5

5. Supplementary Information

P.6

P.3

(1) Deposits and Loans (Non-consolidated)

P.6(2) Balance of Time Deposits by Remaining Period (Non-consolidated)

P.6(3) Balance of Securities by Ratings (Non-consolidated)

P.6(4) Risk-monitored Loans (Non-consolidated)

P.6(5) Consolidated Capital Adequacy Ratio (Domestic Standard)

P.7(6) Non-consolidated Capital Adequacy Ratio (Domestic Standard)

P.8

Disclaimer:This English translation is prepared for the readers’ convenience. When there are any discrepancies between original
Japanese version and English translation version, the original Japanese version always prevails.

11. Consolidated Balance Sheets(Millions of yen)
As of March 31, 2019
Assets:Cash and due from banks
Monetary claims purchased
Money held in trust
Securities
Loans
Foreign exchanges
Other assetsTangible fixed assets
Intangible fixed assets
Deferred tax assets
Reserve for possible loan losses
Total Assets
Liabilities:
Deposits
Call money and bills soldPayables under repurchase agreements
Borrowed money
Foreign exchanges
Other liabilities
Reserve for employees' bonuses
Net defined benefit liability
Provision for reimbursement of deposits
Total Liabilities
Net Assets:
Common stock
Capital surplus
Retained earnings
Total shareholders' equity
Net unrealized gains (losses) on available-for-sale securities, net of taxes
Net deferred gains (losses) on hedging instruments, net of taxes
Remeasurements of defined benefit plans, net of taxes
Total accumulated other comprehensive income
Non-controlling interests
Total Net Assets
Total Liabilities and Net Assets

2

As of June 30, 2019344,377
4,916
21,937
694,447
1,744,103
8,471
51,685
1,633
6,903
1,305
(903)
2,878,879

397,312
4,465
21,874
726,174
1,782,748
9,756
55,477
1,590
6,627
917
(893)
3,006,050

2,358,182
130,611
20,290210,000
244
67,752
777
1,323
125
2,789,308

2,402,986
204,283
28,682210,000
20669,985
172
1,329
108
2,917,754

31,00021,00033,06785,067
3,974(1,260)
(106)
2,606
1,896
89,5702,878,879

31,00021,00031,661
83,661
4,081(1,318)
(103)
2,659
1,975
88,296
3,006,050

2. Consolidated Statements of Income and Consolidated Statements ofComprehensive Income(1) Consolidated Statements of Income(Millions of yen)
For the three months
ended June 30, 2019

For the three months
ended June 30, 2018
Ordinary Revenues

10,778

11,931

Interest income

7,495

8,399

Interest income on loans

4,308

4,519

Interest income and dividends on securities

3,169

3,861

Fees and commissions

2,032

2,601

Other operating income

1,052

879

198

51

Ordinary Expenses

Other ordinary income

8,548

9,493

Interest expenses

1,916

2,432

1,511

1,965

1,978

2,182

1

0

4,504

4,874

146

3

2,230

2,438

15

－

Interest expenses on deposits
Fees and commissions
Other operating expenses
General and administrative expenses
Other ordinary expenses
Ordinary Profit
Extraordinary Losses
Income Before Income Taxes

2,215

2,438

Income Taxes—Current

460

388

Income Taxes—Deferred225

364

Total Income Taxes
Profit685752

1,529

1,685

5478

1,475

1,607

Profit Attributable to Non-controlling Interests
Profit Attributable to Owners of the Parent(2) Consolidated Statements of Comprehensive Income(Millions of yen)
For the three months
ended June 30, 2018
Profit

For the three months
ended June 30, 2019

1,529

1,685(608)107

Net deferred gains (losses) on hedging instruments, net of taxes

0(57)Remeasurements of defined benefit plans, net of taxes

34(604)

53924

1,739

Comprehensive income attributable to owners of the parent

870

1,659

Comprehensive income attributable to non-controlling interests

5479

Other Comprehensive Income
Net unrealized gains (losses) on available-for-sale securities, net of taxes

Total other comprehensive income
Comprehensive Income(Details)

33. Non-consolidated Balance Sheets(Millions of yen)
As ofJune 30, 2018
(A)

As of
June 30, 2019
(B)

(Reference)
As ofMarch 31, 2019
(C)

Change(B-A)

Change(B-C)

Assets:Cash and due from banks

343,099

395,437+52,338

343,063+52,373

Monetary claims purchased

4,370

4,465

+95

4,916

(451)

Money held in trust

21,00021,874+874

21,937(62)

Securities

720,100

728,195+8,094696,468+31,727Loans

1,620,158

1,782,748+162,589

1,744,103+38,645

Foreign exchanges

10,596

9,756(840)8,471+1,284

Other assets

38,49639,312+815

35,443+3,869Tangible fixed assets

1,158

1,073

(84)

1,092

(18)

Intangible fixed assets

3,711

5,018

+1,3075,200(181)(370)

Deferred tax assets

45762

+717

1,133(877)

(893)

(15)

(903)

+9

2,761,859

2,987,751+225,892

2,860,925+126,825

Deposits

2,265,0952,403,489+138,393

2,358,985+44,504

Call money

173,411204,283+30,871

130,611+73,672－

28,682+28,682

20,290+8,391

Borrowed money

180,000

210,000+30,000

210,000－

Foreign exchanges

131

206+74244(38)

Other liabilities

57,65654,049(3,607)51,717+2,331

Reserve for possible loan losses
Total Assets
Liabilities:

Payables under repurchase agreements

Reserve for employees' bonuses

215

113

(102)

677

(564)

Reserve for employees' retirement benefits

955

1,001+45994+6Provision for reimbursement of depositsTotal Liabilities

106

108+1125(17)

2,677,573

2,901,933+224,360

2,773,646+128,286

Net Assets:
Common stock

31,00031,000－31,000－Capital surplus

21,00021,000－21,000－Retained earnings

27,94331,055+3,111

32,565(1,510)Total shareholders' equity
Net unrealized gains (losses) on
available-for-sale securities, net of taxes
Net deferred gains (losses) on
hedging instruments, net of taxes

79,94383,055+3,111

84,565(1,510)

5,428

4,081

(1,347)

3,974

+107

(1,086)(1,318)(232)(1,260)(57)

Total valuation and translation adjustments

4,342

2,762

(1,579)2,713+49

Total Net Assets
Total Liabilities and Net Assets

84,28685,818+1,531

87,279

(1,460)2,761,859

2,987,751+225,892

2,860,925+126,825

44. Non-consolidated Statements of Income(Millions of yen)
For the three months
ended June 30, 2018
(A)

For the three months
ended June 30, 2019
(B)

(Reference)
For the year ended
March 31, 2019

Change(B-A)

Ordinary Revenues

9,722

10,772+1,04941,707

Interest income

7,495

8,399

+903

31,926

Interest income on loans

4,308

4,519+210

17,473

Interest income and dividends on securities

3,169

3,861+691

14,382Fees and commissions

976

1,442+465

5,338

Other operating income

1,052

879

(173)

3,926

Other ordinary income

198

51(146)515

Ordinary Expenses

7,690

8,599+908

33,009Interest expenses

1,916

2,431+515

8,643Interest expenses on deposits

1,511

1,965+454

6,747

Fees and commissions

1,849

2,046

+196

7,573

10(1)

485

3,776

4,117+340

15,901Other operating expenses
General and administrative expenses

1463(142)

405

Ordinary Profit

Other ordinary expenses

2,032

2,173

+141

8,698

Income Before Income Taxes

+141

8,698
2,828

2,032

2,173

Income Taxes—Current

415

321

(94)

Income Taxes—Deferred

213

348+135(155)

Total Income Taxes

629

670

+412,673

1,403

1,503

+99

6,025

Net Income55. Supplementary Information(1) Deposits and Loans (Non-consolidated)(Millions of yen, %)For the three months
ended June 30, 2018
Balanceat the end

Averagebalance

2,265,095

2,238,463

1,863,609

For the three months
ended June 30, 2019
Balanceat the end

Averagebalance

0.27

2,403,489

2,375,619

0.33

1,834,048

0.10

1,963,311

1,950,430

0.09

729,997

697,0280.00

802,134

793,830

0.00

1,132,739

1,136,119

0.16

1,159,908

1,155,191

0.16

Foreign currency deposits

401,486

404,4141.04

440,177

425,188

1.40

Ordinary deposits

177,795

181,606

0.37

176,495

168,600

0.50

Time deposits

223,611

222,749

1.59

263,592

256,502

1.98

1,620,158

1,609,490

1.07

1,782,748

1,760,602

1.02

1,551,762

1,538,967

0.99

1,731,267

1,707,959

0.95

68,39570,523

2.68

51,48152,643

3.33

Deposits
Yen deposits
Ordinary deposits
Time deposits

Loans
Mortgage loans
Others

Yield

Yield

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

(2) Balance of Time Deposits by Remaining Period (Non-consolidated)(Millions of yen)
As of June 30, 2018
Foreigncurrency

Remaining period

YenLess than 3 months

397,147

144,032

As of June 30, 2019
Foreigncurrency

Total

Yen

541,179

397,920

Total

153,883

551,804

3 months or more, less than 6 months

257,146

35,684

292,830

261,397

50,855

312,252

6 months or more, less than 1 year

290,698

33,892

324,591

296,053

45,138341,191

1 year or more, less than 2 years

38,5797,705

46,28460,088

9,937

70,026

2 years or more, less than 3 years

18,032

2,292

20,324

10,143

3,758

13,902

3 years or more

48,6894

48,693

46,762

18

46,781

1,050,292

223,611

1,273,904

1,072,365

263,592

1,335,958

Total

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

(3) Balance of Securities by Ratings (Non-consolidated)(Millions of yen, %)As of June 30, 2018
Ratings

Balance

As of June 30, 2019

Composition

BalanceComposition

AAA

281,84639.1

321,374

44.1

AA98,423

13.7

74,46310.2

A

317,85144.1

298,81441.0

BBB

14,8252.1

23,646

3.2

Unrated

7,153

1.0

9,896

1.4

Total

720,100

100.0

728,195

100.0

Notes: 1. Sony bank uses the Basel III standardized method and classifies its securities based on rating by five (5) rating agencies:
Moody's Investors Service, S&P Global Ratings, Ratings and Investment Information, Japan Credit Rating Agency andFitch Ratings.
2. The unrated items on the above table include ￥3,268 million of investments in foreign bonds, ￥4,577 million ofinvestments in unrated investment trusts, and ￥2,050 million of investments in shares of a subsidiary.

(4) Risk-monitored Loans (Non-consolidated)

Category
Bankrupt loans
Non-accrual delinquent loans
Past due loans (3 months or more)
Restructured loans
Total

As of June 30, 2018
Amount121
1,201－
730
2,053

6

(Millions of yen)
As of June 30, 2019
Amount227
1,195－
817
2,240

(5) Consolidated Capital Adequacy Ratio (Domestic Standard)(Millions of yen, %)As of June 30, 2019
Core capital: instruments and reserves
Directly issued qualifying common share capital or preferred share capital witha compulsory conversion clause plus related capital surplus and retained earnings

83,661

Capital and capital surplus

52,000Retained earnings

31,661

Accumulated other comprehensive income included in core capital(103)Remeasurements of defined benefit plans(103)

Eligible capital instruments included in core capital: instruments and reserves

7,185

Non-controlling interests included in core capital subject to transitional arrangements

987

Core capital: instruments and reserves(A)

91,730Core capital: regulatory adjustments
Total amount of intangible assets (excluding those relating to mortgage servicing rights)

4,597

Other intangible assets excluding goodwill and mortgage servicing rights

4,597

Shortfall of eligible reserves to expected losses

826Core capital: regulatory adjustments

(B)

5,424

(C)

86,306

CapitalCapital((A) - (B))

Risk-weighted assets
Total amount of credit risk-weighted assets

559,339

Total amount included in risk-weighted assets subject to transitional arrangements(10,280)

Exposure to other financial institutions(10,280)

Total amount of operational risk equivalent / 8%

47,798Adjustment to credit risk-weighted assets

299,710

Total amount of risk-weighted assets(D)

906,849((C) / (D))

9.51%

Capital adequacy ratio
Capital adequacy ratio(Millions of yen)
As of June 30, 2019
Consolidated total capital requirements (Domestic standard) (Total Risk-Weighted Assets by 4%)

736,273

(6) Non-consolidated Capital Adequacy Ratio (Domestic Standard)(Millions of yen, %)As of June 30,2019Core capital: instruments and reserves
Directly issued qualifying common share capital or preferred share capital witha compulsory conversion clause plus related capital surplus and retained earnings

83,055

Capital and capital surplus

52,000Retained earnings

31,055

Eligible capital instruments included in core capital: instruments and reserves

7,185Core capital: instruments and reserves(A)90,240

Core capital: regulatory adjustments
Total amount of intangible assets (excluding those relating to mortgage servicing rights)

3,481

Other intangible assets excluding goodwill and mortgage servicing rights

3,481

Shortfall of eligible reserves to expected losses

826Core capital: regulatory adjustments

(B)

4,307

(C)

85,932

CapitalCapital((A) - (B))

Risk-weighted assets
Total amount of credit risk-weighted assets

560,506

Total amount included in risk-weighted assets subject to transitional arrangements(10,280)

Exposure to other financial institutions(10,280)

Total amount of operational risk equivalent / 8%

41,557

Adjustment to credit risk-weighted assets

298,281

Total amount of risk-weighted assets(D)

900,345((C) / (D))

9.54%

Capital adequacy ratio
Capital adequacy ratio(Millions of yen)
As of June 30, 2019Non-consolidated total capital requirements (Domestic standard) (Total Risk-Weighted Assets by 4%)

836,013