May 20, 2014
Sony Financial Holdings Inc.

Summary Information on Sony Bank’s Financial Results
for the Year Ended March 31, 2014
<Contents>
1. Consolidated Balance Sheets
2. Consolidated Statements of Incomeand Consolidated Statements of Comprehensive Income

P.2

3. Fair Value Information (Consolidated)

P.5

4. Non-consolidated Balance Sheets

P.7

5. Non-consolidated Statements of Income

P.10

6. Supplementary Information

P.11

P.3

(1) Interest spread (Non-consolidated)

P.11(2) Deposits and Loans (Non-consolidated)

P.11(3) Balance of Time Deposits by Remaining Period (Non-consolidated)

P.12(4) Balance of Securities by Rating (Non-consolidated)

P.12(5) Loans by Borrower Category (Non-consolidated)

P.12(6) General and Administrative Expenses (Non-consolidated)

P.13(7) Number of Executives and Employees (Non-consolidated)

P.13(8) Non-consolidated Capital Adequacy Ratio (Domestic Criteria)

P.14(9) Consolidated Capital Adequacy Ratio (Domestic Criteria)

P.14

1

1. Consolidated Balance Sheets(Millions of yen)
As of March 31, 2013

As of March 31, 2014

Cash and due from banks

62,322

174,865

Call loans and bills bought

10,0006,000

Monetary trusts

18,182

20,484

Securities

906,796

771,760

Loans

970,226

1,057,419

Foreign exchanges

7,954

7,752

Other assets

32,99726,012

Tangible fixed assets

1,108

1,186

Buildings

262

263

Leased assets

117

87

Other tangible fixed assets

729

836

Assets:Intangible fixed assets

4,587

4,594

Software

4,325

4,412

Goodwill

258

179

Other intangible fixed assets

33

91

165

(1,641)(1,527)2,012,627

2,068,713

1,857,447

1,890,022

Call money and bills sold

10,0006,000

Borrowed money

22,00040,000Foreign exchanges

87

40

52,33856,731

Reserve for employees' bonuses

619

658

Reserve for employees' retirement benefits516－

Net defined benefit liability－

727

Reserve for directors' retirement benefits

108

51

Provision for point card certificates98

87

Deferred tax liabilities

275

553

1,943,493

1,994,872

Common stock

31,00031,000Capital surplus

21,00021,000Retained earnings

12,48915,939Total shareholders' equity

64,48967,939Net unrealized gains on other securities, net of taxes

6,536

7,255

Net deferred losses on hedging instruments, net of taxes(3,231)(2,571)

Foreign currency translation adjustment－0Remeasurements of defined benefit plans－(57)

Total accumulated other comprehensive income

3,304

4,626

Minority interests

1,339

1,275

Total Net Assets

69,13473,8402,012,627

2,068,713

Deferred tax assets
Allowance for loan losses
Total Assets
Liabilities:
Deposits

Other liabilities

Total Liabilities
Net Assets:

Total Liabilities and Net Assets

22. Consolidated Statements of Income and Consolidated Statements ofComprehensive Income(1) Consolidated Statements of Income(Millions of yen)
For the year ended
March 31, 2014

For the year ended
March 31, 2013
Ordinary Revenues

34,32835,795Interest income

25,954

26,328(Interest income on loans)

13,877

14,134(Interest income and dividends on securities)

12,007

12,077(Interest income on call loans and bills bought)

138(Interest income on deposit with banks)

55

107

(Other interest income)Fees and commissions

00

5,444

5,137

Other operating income

2,815

4,174

Other ordinary income

114

155

(Income from monetary trusts, net)

1521

(Others)

99134

Ordinary Expenses

29,87430,159Interest expenses

7,886

6,400

(Interest expenses on deposits)

6,296

4,905

(Interest expenses on call money and bills sold)106(Interest expenses on borrowed money)

222

260

(Other interest expenses)
Fees and commissions

1,356

1,227

2,648

2,957

Other operating expenses

2,534

3,411

General and administrative expenses

16,41917,090

Other ordinary expenses

385

298

(Provision of allowance for loan losses)

325

246

60

52

4,454

5,636

367

12

Losses on disposal of fixed assets

51

10

Losses on sale of shares of subsidiaries and affiliates

315－

Other extraordinary losses

01

Income Before Income Taxes(Others)
Ordinary Profit
Extraordinary Losses

4,086

5,624

Income Taxes —current

490

2,462

Income Taxes —deferred240(244)

Total Income Taxes

730

2,217

3,356

3,407

78(42)

3,277

3,449

Income Before Minority Interests
Minority Interests （loss）in Ｎet Income
Net Income3(2) Consolidated Statements of Comprehensive Income(For the year ended
March 31, 2013

Income Before Minority Interests
Other Comprehensive Income
Net unrealized gains on other securities, net of taxesy )For the year ended
March 31, 2014

3,356

3,407

4,768

719

(633)

659

Foreign currency translation adjustment－0Remeasurements of defined benefit plans－(79)

4,135

1,299

7,492

4,706

Comprehensive income attributable to parent company

7,413

4,770

Comprehensive income attributable to minority interests

78

(64)

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

Total other comprehensive income
Comprehensive Income(Details)

4

3. Fair Value Information (Consolidated)(1) Fair value information on securities
i) Held-to-maturity bonds (As of March 31, 2014)(Millions of yen)Held-to-maturity bonds of which fair value exceeds
balance sheet amountJapanese government bonds
Japanese corporate bonds
Subtotal

Balance sheet amount

Fair value

Difference

7,961
360
8,322

8,403
379
8,782

441
18459

－
－
－
8,322

－
－
－
8,782

－
－－
459

Held-to-maturity bonds of which fair value does not exceedbalance sheet amountJapanese government bonds
Japanese corporate bonds
Subtotal
Totalii) Available-for-sale securities (As of March 31, 2014)(Millions of yen)

Available-for-sale securities of which balance sheet amountexceeds acquisition cost
Bonds
Japanese government bonds
Japanese municipal bonds
Japanese corporate bonds
OthersForeign bonds
OthersSubtotal

Balance sheet
amountAcquisition cost

Difference

299,596
86,361
56,770156,463
346,162
342,601
3,561
645,758

292,815
82,951
55,212
154,652
340,123
337,837
2,286
632,939

6,780
3,410
1,558
1,811
6,038
4,763
1,275
12,819

5,200
2,500
－
2,700
112,478
112,478－
117,678
763,437

5,200
2,500
－
2,700
113,017
113,017－
118,217751,157

(0)
(0)
－－
(538)
(538)
－
(538)
12,280Gains on sales
388
365
1012966
966
－
1,354

(Millions of yen)
Losses on sales
(349)
(303)
(4)
(41)
(21)
(21)
－(370)

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
OthersSubtotalTotaliii) Available-for-sale securities sold during the year (For the year ended March 31, 2014)
Sales
83,497
74,7794,047
4,670
97,297
97,297－180,794

Bonds
Japanese government bonds
Japanese municipal bonds
Japanese corporate bonds
Othersforeign bonds
OthersTotal5

(2) Fair value information on monetary trustsi) Monetary trusts for trading purposes (As of March 31, 2014)(Millions of yen)

Monetary trusts for investment

Balance sheet amount

Net valuation gains recorded in income484－ii) Other monetary trusts (As of March 31, 2014)(Millions of yen)

Other monetary trusts

Balance sheet
amountAcquisition
cost

20,00020,000Difference

Of which,balance sheet amountexceeds acquisition cost

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

64. Non-consolidated Balance Sheets(Millions of yen)
As ofMarch 31, 2013
(A)

As of
March 31, 2014
(B)

Change(B-A)

Assets:Cash and due from banks

61,936

171,227

109,29030

28(2)61,905

171,198

109,293Call loans

10,0006,000(4,000)

Monetary trusts

18,182

20,484

2,301

Securities

908,847

773,811(135,035)

Japanese government bonds

194,000

96,823(97,176)

Japanese municipal bonds

61,251

56,770(4,481)

Japanese corporate bonds

202,401

159,524(42,876)

Japanese stocks

2,050

2,050

－

Other securities

449,142458,641

9,498

970,226

1,057,419

87,193

963,371

1,051,697

88,325

Overdrafts

6,854

5,722

(1,132)Foreign exchanges

7,954

7,752

(202)

7,954

7,752

(202)

26,062

17,995(8,067)

Domestic exchange settlement account
debit

74

719

645

Prepaid expenses

62

123

60

Accrued income

4,751

4,195(555)

－100

100

Derivatives

11,514

5,608(5,905)

Accounts receivable

5,385

3,358

(2,027)

Others4,2733,890(383)

838

795

(42)

238

221(17)

00(0)

598

573

(25)

2,674

2,746

71

2,671

2,743

71

22

－(1,641)(1,527)114

2,005,081

2,056,704

51,622Cash
Due from banks

Loans
Loans on deedDue from foreign banks
Other assets

Initial margins of futures markets

Tangible fixed assets
Buildings
Leased assets
Other tangible fixed assets
Intangible fixed assets
Software
Other intangible fixed assets

Allowance for loan losses
Total Assets

7

(Millions of yen)
As ofMarch 31, 2013
(A)

As of
March 31, 2014
(B)

Change(B-A)

Liabilities:
Deposits

1,857,447

1,890,022

32,574

382,611509,503

126,892

Time deposits

1,082,392

1,014,426(67,966)

Other deposits

392,444366,092(26,351)

Call money

10,0006,000(4,000)Borrowed money

22,00040,00018,000Borrowed money

22,00040,00018,000Foreign exchanges

8740(47)

Ordinary deposits

Foreign bills sold－99

Foreign bills payable8730(57)

46,23846,021(216)

Unsettled exchange payables

67－

(67)

Income taxes payables

52,284

2,279

Accrued expenses

4,224

4,239

14Unearned revenue

0－(0)Initial margins of future markets

16,975

19,8462,870

Derivatives

24,18818,624(5,563)00(0)Asset retirement obligations

118

120

2

Others

657

906

248

Reserve for employees' bonuses

561

598

36

Reserve for employees' retirement benefits

461

544

83

Reserve for directors' retirement benefits

98

44(53)

Provision for point card certificates

98

87

(10)

Deeferred tax liabilities

275

568

293

1,983,929

46,659Other liabilities

Leased obligation

Total Liabilities

1,937,270

8

(Millions of yen)
As ofMarch 31, 2013
(A)

As of
March 31, 2014
(B)

Change(B-A)

Net Assets:
Common stock

31,00031,000－Capital surplus

21,00021,000－Capital reserves

21,00021,000－Retained earnings

12,506

16,091

3,585

Other retained earnings

12,506

16,091

3,585

Unappropriated retained earnings

12,506

16,091

3,585

Total shareholders' equity

64,506

68,091

3,585

Net unrealized gains on other securities,
net of taxes

6,536

7,255

719

Net deferred losses on hedging
instruments, net of taxes(3,231)(2,571)

659

Total valuation and translationadjustments

3,304

4,683

1,378

Total Net Assets

67,811

72,774

4,963

2,005,081

2,056,704

51,622

Total Liabilities and Net Assets

95. Non-consolidated Statements of Income(Millions of yen)
For the year ended
March 31, 2013
(A)

For theyear ended
March 31, 2014
(B)

Change(B-A)

Ordinary Revenues

31,35133,303

1,952

Interest income

25,94826,328379(Interest income on loans)

13,871

14,134262(Interest income and dividends on securities)

12,007

12,077

69(Interest income on call loans)138(4)(Interest income on deposits with banks)

55

107

52

(Other interest income)－00

Fees and commissions

2,465

2,645

180

148

149

1

(Other fees and commissions)

2,316

2,496

179

Other operating income

2,815

4,174

1,358

(Gains on foreign exchange transactions)

1,874

2,782

907

(Gains on sale of bonds)

794

1,354

560

(Gains on redemption of bonds)

145

0(145)(Fees and commissions on domestic and foreignexchanges)（Gains on derivatives)

－36

36

Other ordinary income

122

155

33

(Income from monetary trusts, net)

1421

6(Others)

107

134

26

Ordinary Expenses

27,06827,458389

Interest expenses

7,850

6,396

(1,453)(Interest expenses on deposits)

6,297

4,905(1,391)( Interest expenses on call money)

106(3)(Interest expenses on borrowed money)

186

256

69

(Interest expenses on interest rate swaps)

1,355

1,227(128)

－

00

2,344

2,668

323

93

107

14

(Other interest expenses)
Fees and commissions(Fees and commissions on domestic and foreignexchanges)(Other fees and commissions)

2,250

2,560

309

Other operating expenses

2,534

3,411

877

(Losses on sale of bonds)

2,091

2,358

266－

1,053

1,053

(Expenses from derivatives other than fortrading or hedging)

442

－

(442)

General and administrative expenses(Losses on redemption of bonds)

13,955

14,684728

Other ordinary expenses

384

297

(86)

(Provision of allowance for loan losses)

325

246

(78)

(Write-off of loans)113(8)(Others)

47

47

0

Ordinary Profit

4,282

5,845

1,562

Extraordinary Losses

2,791

－

(2,791)

2,743－(2,743)

47

－

(47)

Losses on valuation of stocks of subsidiaries andaffiliates
Losses on disposal of fixed assets
Income Before Income Taxes

1,491

5,845

4,353

Income Taxes —current

487

2,460

1,973

Income Taxes —deferred

125(200)(325)

Total Income Taxes

612

2,260

1,647

Net Income879

3,585

2,70510

6. Supplementary Information(1) Interest spread (Non-consolidated)(%)

Yield on investment ①
Yield on loans
Yield on securities
Financing cost②
Yield on financing ③
Yield on deposits
Yield on external liabilities*
Expense ratio
Interest spread①－③
Overall profit margin①－②

For the year ended
March 31, 2013
1.36
1.54
1.29
1.19
0.42
0.34
0.83
0.76
0.930.17

For the year ended
March 31, 2014
1.35
1.40
1.50
1.13
0.34
0.26
0.40
0.79
1.01
0.22

Note: External liabilities are equal to a total of call money and borrowed money.

(2) Deposits and Loans (Non-consolidated)
For the year ended March 31, 2013

Deposits
Yen deposits
Ordinary deposits
Time deposits
Foreign currency deposits
Ordinary deposits
Ti dTime
deposits
iLoansMortgage loans
OthersBalanceat the end

Averagebalance

1,857,447
1,467,203
383,224
1,083,966
390,244
190,253
199 990
199,990970,226
860,330
109,895

1,813,697
1,442,291
349,584
1,092,675
371,405
166,878
204 515
204,515895,694
800,726
94,968

Yiel
d0.34
0.24
0.01
0.32
0.72
0.10
1 23
1.23
1.54
1.59
1.17

(Millions of yen, %)For the year ended March 31, 2014
Balanceat the end

Averagebalance

1,890,022
1,526,480
510,307
1,016,155
363,542
183,332
180 209180,209
1,057,419
949,300
108,119

1,840,383
1,466,641
434,228
1,032,375
373,741
189,577
184 151
184,151
1,005,793
896,209109,583

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.

11Yield

0.26
0.18
0.01
0.25
0.57
0.09
1 07
1.07
1.40
1.46
0.90

(3) Balance of Time Deposits by Remaining Period (Non-consolidated)(Millions of yen)
As of March 31, 2014

As of March 31, 2013
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

Yen

Foreigncurrency

Total

52,497536,247
345,894
28,365
12,38052,4101,027,795

108,046
48,73532,732
8,213
2,152
110
199,990

160,543584,983
378,627
36,578
14,532
52,5201,227,785

Yen

Foreigncurrency

Total

53,883
451,460
352,71728,8897,729
61,018955,699

96,55545,027
28,699
6,354
3,100
472
180,209150,438
496,488381,41735,243
10,83061,4901,135,909

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 March 31, 2013
BalanceComposition
301,21033.2
325,42835.8
235,61025.9
36,389
4.0
1,081
0.1－－
9,127
1.0
908,847
100.0(Millions of yen, %)As of March 31, 2014
BalanceComposition
182,65923.6
304,74239.4
238,666
30.8
40,132
5.2
－－
1,999
0.3
5,612
0.7
773,811100.0

1. Sony bank uses the Basel III standardized approach and classifies its securities, based on rating by five rating
agencies: Moody's Investors Service, Standard & Poor's, Rating and Investment Information,
Japan Credit Rating Agency and Fitch Ratings.
2. The unrated items on the above table include ￥3,561million of investments in unrated investment trustsand ￥2,050 million of investments in shares of a subsidiary.

(5) Loans by Borrower Category (Non-consolidated)(Millions of yen)
As of March 31, 2014
Amount
847
980
1,882
1,064,528
1,068,238

As of March 31, 2013
Category
Amount714
Bankrupt and quasi-bankrupt loans
1,094
Doubtful loans
2,222
Sub-standard loans
978,005
Normal loans
982,036Total

12

(6) General and Administrative Expenses (Non-consolidated)(Millions of yen, %)For the year ended
March 31, 2014

For the year ended
March 31, 2013
Personnel expenses
Non-personnel expenses
Depreciation and amortization
Taxes
Total

Amount
3,440
9,972
1,274
543
13,955

%
24.6
71.5
9.1
3.9
100.0

Amount3,861
10,262
1,217
560
14,684(7) Number of Executives and Employees (Non-consolidated)

Executive management
Directors
Statutory auditors
Employees

As of March 31, 2013
1183371(Persons)
As of March 31, 2014
963430Notes: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.

13%
26.3
69.9
8.2
3.8
100.0

(8) Non-consolidated Capital Adequacy Ratio (Domestic Criteria)(Millions of yen)
As of March 31, 201311.98 ％
8.85 ％
87,34064,50629,153

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

As of March 31, 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).

As of March 31, 2013－－－

Capital Adequacy Ratio
Total Capital
Total Required Capital(Millions of yen)
As of March 31, 201411.72 ％
88,88130,317

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)
As of March 31, 201311.96 ％
8.87 ％
88,40465,57029,555

Capital Adequacy Ratio
Tier I Capital Ratio
Total Capital
Total Tier I Capital
Total Required Capital(Millions of yen)
As of March 31, 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).

As of March 31, 2013－－－

Capital Adequacy RatioTotal Capital
Total Required Capital(Millions of yen)
As of March 31, 201411.76 ％
89,82530,546

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).

14