February 13, 2019Sony Financial Holdings Inc.

Summary Information on Sony Bank’s Financial Results
for the Nine Months Ended December 31, 2018
<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, 2018
Assets:Cash and due from banks
Monetary claims purchased
Money held in trust
Securities
Loans
Foreign exchanges
Other assets
Tangible 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 December 31, 2018287,752
5,378
21,000672,244
1,596,376
9,346
52,372
1,709
5,652
138
(806)
2,651,162

344,385
5,751
21,000708,532
1,673,579
11,13959,952
1,672
6,271
1,753
(895)
2,833,143

2,219,324
96,000－180,000
228
66,071769
1,243
81
2,563,718

2,336,614
122,378
30,162
190,000
330
65,321
577
1,294
115
2,746,794

31,00021,00028,94880,9486,037(1,086)
(103)
4,847
1,648
87,444
2,651,162

31,00021,00031,38083,3802,369(1,147)
(93)
1,128
1,840
86,3482,833,143

2. Consolidated Statements of Income and Consolidated Statements ofComprehensive Income(1) Consolidated Statements of Income
For the nine months
ended December 31, 2017

(Millions of yen)
For the nine months
ended December 31, 2018

Ordinary Revenues

29,642

33,767

Interest income

21,17923,59812,783

13,036

Interest income on loans

8,340

10,509Fees and commissions

Interest income and dividends on securities

4,900

6,593

Other operating income

2,855

3,171

706

404

Ordinary Expenses

Other ordinary income

24,534

26,726

Interest expenses

5,846

6,359

3,928

4,867

Fees and commissions

Interest expenses on deposits

5,011

6,110

Other operating expenses

88

106

13,507

13,862

81

287

5,107

7,041

88

19

General and administrative expenses
Other ordinary expenses
Ordinary Profit
Extraordinary Losses

88

19

Income Before Income Taxes

Losses on disposal of fixed assets

5,018

7,021

Income Taxes—Current

1,442

2,141Income Taxes—Deferred113

19

Total Income Taxes

1,556

2,160

Profit

3,462

4,860

Profit Attributable to Non-controlling Interests
Profit Attributable to Owners of the Parent

134

190

3,328

4,670

(2) Consolidated Statements of Comprehensive Income(Millions of yen)

Profit

For the nine months
ended December 31, 2017

For the nine months
ended December 31, 2018

3,462

4,860

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

1,708(3,668)

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

166(61)Remeasurements of defined benefit plans, net of taxes

1111

1,885

(3,717)

5,347

1,142

5,211

950

136

191

Total other comprehensive income
Comprehensive Income(Details)
Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests33. Non-consolidated Balance Sheets(Millions of yen)
As ofDecember 31, 2017
(A)

As ofDecember 31, 2018
(B)

Cash and due from banks

291,070

343,534+52,463

287,332+56,201

Monetary claims purchased

6,468

5,751

(716)

5,378+372

As ofMarch 31, 2018
(C)

Change(B-A)

Change(B-C)

Assets:Money held in trust

21,00021,000－21,000－

Securities

675,190

710,553+35,362

674,285+36,268

1,573,835

1,673,578+99,743

1,596,376+77,202

Foreign exchanges

9,357

11,139+1,781

9,346+1,793

Other assets

45,741

43,905(1,835)

37,103+6,801

Tangible fixed assets

1,238

1,119(119)1,204(85)Intangible fixed assets

3,144

4,553

+1,4093,808+744+1,612Loans－

1,612+1,612－

(823)

(895)

(72)

(806)

(88)

2,626,223

2,815,853+189,629

2,635,028+180,824

Deposits

2,213,433

2,336,616+123,183

2,219,325+117,291

Call money

119,000

122,378+3,37896,000+26,378－

30,162+30,162－+30,162

Borrowed money

160,000

190,000+30,000

180,000+10,000

Foreign exchanges

130

330

+199

228

+102

Other liabilities

47,10050,570+3,46952,033(1,462)

Deferred tax assets
Reserve for possible loan losses
Total Assets
Liabilities:

Payables under repurchase agreements

Reserve for employees' bonuses

513

512(0)

687(174)

Reserve for employees' retirement benefits909

986+76

933+52

Provision for reimbursement of deposits

66

115+4981+34

Deferred tax liabilities

303－

(303)

9(9)

2,541,457

2,731,673+190,215

2,549,299+182,373

Common stock

31,00031,000－31,000－Capital surplus

21,00021,000－21,000－Retained earnings

27,45330,958+3,504

28,778+2,179Total shareholders' equity
Net unrealized gains (losses) on
available-for-sale securities, net of taxes
Net deferred gains (losses) on
hedging instruments, net of taxes

79,453

82,958+3,504

80,778+2,179

6,484

2,369

(4,115)

6,037(3,668)(1,172)(1,147)+24(1,086)(61)

Total Liabilities
Net Assets:

Total valuation and translation adjustments
Total Net Assets
Total Liabilities and Net Assets

5,312

1,221

(4,090)4,950(3,729)84,766

84,180(586)

85,729(1,549)2,626,223

2,815,853+189,629

2,635,028+180,824

44. Non-consolidated Statements of Income(Millions of yen)
For the nine months
ended December 31,2017(A)

For the nine months
ended December 31,2018(B)(Reference)
For the year endedMarch 31, 2018

Change(B-A)

Ordinary Revenues

26,93530,551+3,616Interest income

21,17923,598+2,418

28,344

Interest income on loans

12,783

13,036+252

17,06436,270Interest income and dividends on securities

8,340

10,509+2,168

11,204

Fees and commissions

2,193

3,377+1,184

3,298

Other operating income

2,855

3,171+315

3,823

Gains on foreign exchange transactions

2,542

2,876+333

3,456

706

404(301)804

Ordinary Expenses

22,29924,173+1,87329,712

Interest expenses

5,846

6,358+512

7,730Interest expenses on deposits

3,928

4,867+939

5,322

Fees and commissions

4,676

5,720

+1,043

6,238

Other operating expenses

88106+17109

11,607

11,701+93

15,515

Other ordinary income

General and administrative expenses
Other ordinary expenses

81

286+205

118

4,635

6,378+1,743

6,557

73－(73)

74

73－

(73)

74

Income Before Income Taxes

4,561

6,378

+1,816

6,482

Income Taxes—Current

1,302

1,942+640

2,033

Income Taxes—Deferred108

17(91)(25)

Ordinary Profit
Extraordinary Losses
Losses on disposal of fixed assets

Total Income Taxes

1,411

1,959+548

2,007

Net Income

3,150

4,418+1,267

4,474(Reference) Non-consolidated Statements of Income for the three months ended December 31, 2018
(Millions of yen)
For the three months
endedDecember 31, 2017(A)

For the three months
endedDecember 31, 2018
(B)

Change(B-A)

Ordinary Revenues

8,890

10,640+1,749

Interest income

7,174

8,164+989

Interest income on loans

4,325

4,409+83

Interest income and dividends on securities
Fees and commissions
Other operating income

2,830
829
750

3,738
1,335
1,038+907+505+287

Gains on foreign exchange transactions

695

1,014+318

135

102(32)

Ordinary Expenses

Other ordinary income

7,679

8,505+825

Interest expenses

1,923

2,326+403

Interest expenses on deposits

1,344

1,726+381

Fees and commissions

1,751

2,055+304

Other operating expenses

39－

(39)

3,931

4,041+110

General and administrative expenses
Other ordinary expenses
Ordinary Profit
Extraordinary Losses
Losses on disposal of fixed assets
Income Before Income Taxes

3480+46

1,211

2,135+924

7－

(7)

7－

(7)

1,203

2,135+931

Income Taxes —Current384744+359

Income Taxes —Deferred(11)

(89)

(78)

Total Income Taxes

373

654+281Net Income830

1,480+650

55. Supplementary Information(1) Deposits and Loans (Non-consolidated)(Millions of yen, %)For the nine months ended
December 31, 2017

Balanceat the end

Averagebalance

0.24

2,336,616

2,282,376

0.28

1,793,347

0.11

1,931,584

1,882,017

0.09

711,298

660,0960.00

776,439

737,8910.00

1,134,914

1,132,696

0.17

1,153,770

1,143,031

0.16

Foreign currency deposits

366,419

357,0890.89405,031

400,358

1.15

Ordinary deposits

168,097

172,355

0.26

168,490

172,527

0.41

Time deposits

198,246

184,684

1.48

236,441

227,756

1.71

1,573,835

1,555,699

1.09

1,673,578

1,629,224

1.06

1,495,271

1,471,985

1.02

1,613,004

1,562,263

0.98

78,56383,7132.32

60,573

66,9602.78

Deposits
Yen deposits
Ordinary deposits
Time deposits

Loans
Mortgage loans
OthersBalanceat the end

Averagebalance

2,213,433

2,150,436

1,847,013

For the nine months ended
December 31, 2018

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 December 31, 2017
Remaining period

YenLess than 3 months

447,682

Foreigncurrency
127,264

As of December 31, 2018

Total

Yen

574,947

449,702

Foreigncurrency

Total

137,907587,609

3 months or more, less than 6 months

162,660

35,262

197,922

173,953

44,091

218,0456 months or more, less than 1 year

338,393

28,428366,821323,845

40,520364,365

1 year or more, less than 2 years

38,357

4,589

42,94652,47910,922

63,401

2 years or more, less than 3 years

14,8042,701

17,505

16,802

2,992

19,795

3 years or more

52,243052,244

51,1397

51,146

1,054,141

198,246

1,252,387

1,067,921

236,441

1,304,363

Total

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

(4) Balance of Securities by Rating (Non-consolidated)(Millions of yen, %)As of December 31, 2017
Ratings

Balance

As of December 31, 2018

Composition

BalanceComposition

AAA

233,33934.5

298,33742.0

AA106,605

15.8

82,44011.6

A304,45345.1

299,79742.2

BBB

23,3193.5

20,986

2.9

Unrated

7,472

1.1

8,990

1.3

Total

675,190

100.0

710,553

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 ￥4,441 million of investments in unrated investment trusts, ￥2,050
million of investments in shares of a subsidiary, and ￥2,499 million of investments in foreign bonds.

(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 December 31, 2017
Amount
157
1,037
－
933
2,128

6(Millions of yen)
As of December 31, 2018
Amount159
1,165－774
2,099

(5) Consolidated Capital Adequacy Ratio (Domestic Standard)
As of December 31,
2018

Amounts excluded undertransitional arrangementsCore 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

83,380Of which, capital and capital surplus

52,000Of which, retained earnings

31,380

Accumulated other comprehensive income included in core capital(74)

Of which, remeasurements of defined benefit plans(74)

Eligible capital instruments included in core capital: instruments and reserves

8,176

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

1,104(A)Core capital: instruments and reserves

92,585

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

3,480

870

Of which, other intangible assets excluding goodwill and mortgage servicing rights

3,480

870

812

－

Shortfall of eligible reserves to expected losses
Core capital: regulatory adjustments

(B)

4,293

(C)

88,292

CapitalCapital((A) - (B))

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

508,296

Of which, total amount included in risk-weighted assets subject to transitional arrangements(9,659)Of which, intangible assets (excluding goodwill and mortgage servicing rights)

870

Of which, exposure to other financial institutions(10,529)

Total amount of operational risk equivalent / 8%45,839Adjustment to credit risk-weighted assets

300,712

Total amount of risk-weighted assets(D)

854,848((C) / (D))

10.32%

Capital adequacy ratio
Capital adequacy ratio(Millions of yen)
As of December 31, 2018Consolidated total capital requirements (Domestic standard) (Total Risk-Weighted Assets by 4%)734,193

(6) Non-consolidated Capital Adequacy Ratio (Domestic Standard)
As of December 31,
2018

Amounts excluded undertransitional arrangementsCore 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

82,958

Of which, capital and capital surplus

52,000Of which, retained earnings

30,958Eligible capital instruments included in core capital: instruments and reserves

8,176

Core capital: instruments and reserves(A)

91,134

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

2,527

631

Of which, other intangible assets excluding goodwill and mortgage servicing rights

2,527

631

812

－

Shortfall of eligible reserves to expected losses
Core capital: regulatory adjustments

(B)

3,339

(C)

87,795

CapitalCapital((A) - (B))

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

509,128

Of which, total amount included in risk-weighted assets subject to transitional arrangements(9,897)

Of which, intangible assets (excluding goodwill and mortgage servicing rights)

631

Of which, exposure to other financial institutions(10,529)

Total amount of operational risk equivalent / 8%

39,940Adjustment to credit risk-weighted assets

299,423

Total amount of risk-weighted assets(D)

848,493((C) / (D))

10.34%

Capital adequacy ratio
Capital adequacy ratio(Millions of yen)
As of December 31, 2018

Non-consolidated total capital requirements (Domestic standard) (Total Risk-Weighted Assets by 4%)

833,939