November 17, 2008
Sony Financial Holdings Inc.

Summary Information on Sony Bank’s Financial Resultsfor Six Months Ended September 30, 2008
<Contents>(1) Non-consolidated Balance Sheets(2) Non-consolidated Statements of Income(3) Consolidated Balance Sheets(4) Consolidated Statements of Income(5) Supplementary Information
1. Interest spread
2. Balance of customer assets and number of accounts
3. Deposits and loans
4. Balance of time deposits by remaining period
5. Balance of securities by ratings
6. Problem loans based on the Financial Reconstruction Law
7. General and administrative expenses
8. Number of executives and employees
9. Non-consolidated Capital Adequacy Ratio (Domestic Criteria)
10. Consolidated Capital Adequacy Ratio (Domestic Criteria)

1

P.2
P.3
P.4
P.5
P.6
P.6
P.6
P.6
P.7
P.7
P.7
P.8
P.8
P.8
P.8

(1) Non-consolidated Balance Sheets（Million Yen）
As of September 30,
2008 (A)As of September 30,
2007 (B)

As of March 31,
2008 (C)Change（A-B）

7,980

10,916-2,936

7,346+634

Call loans

325,765

271,637+54,128

352,568-26,803

Securities

667,342

348,383+318,959

488,777+178,565

Loans

Change（A-C）

Assets:Cash and due from banks

400,053

319,128+80,925

347,065+52,988

Foreign exchanges

5,271

2,565+2,706

1,683+3,588Other assets

12,836

10,925+1,911

9,367+3,469

Tangible fixed assets

553

437+116

504+49Intangible fixed assets

1,938

1,191+747

1,506+432

Deferred tax assets

1,758

1,120+638

2,433

-675

Reserve for possible loan losses

-359

-188

-171

-253

-106

1,423,141

966,117+457,024

1,211,000+212,141

Deposits1,338,222

888,442+449,780

1,144,398+193,824

Call money

10,00024,000-14,000

10,000+0

Borrowed money

2,000-+2,000-+2,000Foreign exchanges

1710+70+17

35,891

15,078+20,813

20,311+15,580147

122+25

369

-222

178

131+47157+2156

46+1050+6

1,386,514

927,832+458,682

1,175,288+211,226

Common stock

28,00025,000+3,00025,000+3,000Capital surplus

18,00015,000+3,00015,000+3,000Capital reserve

18,00015,000+3,00015,000+3,000Retained earnings

7,244

3,849

+3,395

6,296+948

7,244

3,849+3,395

6,296+948

7,244

3,849+3,395

6,296+948

53,244

43,849+9,39546,296+6,948-15,603-5,155-10,448-9,055-6,548

Total Assets
Liabilities:

Other liabilities
Reserve for employees' bonuses
Reserve for employees' retirement
benefits
Reserve for directors' retirement
benefits
Total Liabilities
Net Assets:

Other retained earnings
Unappropriated retainedearnings
Total shareholder' equity
Net unrealized gains (losses) onothersecurities, net of taxes
Net deferred gains(losses) on
hedging instruments, net of taxes
Total valuation and translation
adjustments-1,014-409-605-1,529+515-16,617-5,564-11,053-10,584-6,033

Total Net Assets

36,62738,284-1,65735,712+915

1,423,141

966,117+457,024

1,211,000+212,141

Total Liabilities and Net Assets2(2) Non-consolidated Statements of Income（Million Yen）
For six months ended For six months ended
September 30, 2008 September 30, 2007
(A)
(B)

Change(A-B)

For year ended March
31, 2008

Ordinary revenues

17,752

11,581+6,171

25,988Interest income

10,671

7,444+3,227

17,152（Interest incomes on loans）( 4,303 )（ 3,184 )( +1,119 )( 7,045 )（Interest income and dividends on securit（ 4,852 )（ 3,244 )( +1,608 )( 7,320 )Fees and commissions
Other operating income（Gains on foreign exchangetransactions）
Other ordinary income
Ordinary expenses
Interest expenses

997

973

+24

1,823

6,022

3,157+2,865

7,001（ 4,508 )（ 2,313 )( +2,195 )( 5,773 )60

6+5411

16,136

10,002+6,134

23,242

8,544

4,954+3,590

12,046（ 8,153 )（ 4,639 )（ +3,514 )（ 11,380 )Fees and commissions

897

666

+231

1,424

Other operating expenses

1,642

479

+1,163

1,524

General and administrative expenses

4,921

3,875+1,046

8,145（Interest expenses on deposits）

131

26+105100

Ordinary profit

Other ordinary expenses

1,616

1,579

+37

2,746

Income before income taxes

2,746

1,616

1,579+37

Income taxes -Current

1

1+03

Income taxes -Deferred

666

-468

+1,134-1,749Net income

948

2,045-1,097

4,492

For three months
For three monthsended September 30, ended September 30,
2008 (A)2007 (B)

Change(A-B)

Ordinary revenues

9,109

6,198

+2,911+1,560

Interest income

5,508

3,948

（Interest incomes on loans）( 2,201 )（ 1,705 )( +496 )（Interest income and dividends on securit（ 2,558 )（ 1,554 )( +1,004 )Fees and commissions

565479+86

Other operating income

3,029

1,767

+1,262（ 2,228 )（ 1,449 )( +779 )（Gains on foreign exchangetransactions）
Other ordinary income
Ordinary expenses
Interest expenses

52+3

8,770

5,128+3,642

4,479

2,780

+1,699（ 4,245 )（ 2,609 )（ +1,636 )Fees and commissions

471

241+230

Other operating expenses

1,152

182+970

General and administrative expenses

2,595

1,912+683（Interest expenses on deposits）

69

11+58

Ordinary profit

Other ordinary expenses

338

1,069-731

Income before income taxes

-731

338

1,069

Income taxes -Current

01-1

Income taxes -Deferred

143-468+611

Net income

194

1,535-1,341

3

(3) Consolidated Balance Sheets
As of September 30,
2008 (A)As of September 30,
2007 (B)

Change（A-B）（Million Yen）
As of March 31, 2008
Change(C)（A-C）

Assets:Cash and due from banks

8,353

13,630-5,277

7,917+436

Call loand and bills bought

325,765

271,637+54,128

352,568-26,803

Monetary trusts

1,723-+1,723

1,720+3

Securities

664,342

345,383+318,959

485,777+178,565

Loans

400,053

319,128+80,925

347,065+52,988

Foreign exchanges

5,271

2,565

+2,706

1,683+3,588Other assets

12,865

10,941+1,924

9,402+3,463

Tangible fixed assets

575

472+103531+44Intangible fixed assets

2,295

1,341+954

1,707+588

Deferred tax assets

1,758

1,120+638

2,433-675

Reserve for possible loan losses

-359

-188

-171

-253

-106

1,422,647

966,032+456,615

1,210,555+212,092+193,373

Total Assets
Liabilities:
Deposits

1,336,849

888,442+448,407

1,143,476

Call money and bills sold

10,00024,000-14,000

10,000+0

Borrowed money

2,000-+2,000-+2,000

Foreign exchanges

1710+70+17

37,321

15,088+22,233

21,117+16,204

Reserve for employees' bonuses

156123+33384-228

Reserve for employees' retirement benefits178

131+47157+21

Reserve for directors' retirement benefits

56

46+1050+6

Reserve for contingent liabilities from financial instruments transactions

0-+00+0

1,386,580

927,843+458,737

1,175,188+211,392

Common stock

28,00025,000+3,00025,000+3,000Capital surplus

18,00015,000+3,00015,000+3,000Retained earnings

6,683

3,754

+2,929

5,951

+732

Total shareholder' equity

52,68343,754+8,92945,951+6,732Net unrealizedgains (losses) on othersecurities, net of taxes-15,603-5,155-10,448-9,055-6,548Other liabilities

Total Liabilities
Net Assets:

Net deferred losses on hedging instruments, net of taxes-1,014-409-605-1,529+515

Tlta valuation and translation adjustments-16,617-5,564-11,053-10,584-6,033

Total Net Assets
Total Liabilities and Net Assets

436,066

38,189-2,12335,366+700

1,422,647

966,032+456,615

1,210,555+212,092

(4) Consolidated Statements of Income（Million Yen）
For six months ended
For year ended
September 30, 2008
March 31, 2008 (B)(A)

Change(A-B)

For year ended March
31, 2008

Ordinary revenues

17,762

11,584+6,178

Interest income

10,672

7,447+3,225

25,97917,157（Interest incomes on loans）( 4,303 )（ 3,184 )( +1,119 )( 7,045 )（Interest income and dividends on securi（ 4,852 )（ 3,244 )( +1,608 )( 7,320 )Fees and commissions

1,000

973

+27

1,805

Other operating income

6,022

3,157

+2,8657,001（ 4,508 )（ 2,313 )( +2,195 )( 5,773 )（Gains on foreign exchangetransactions）
Other ordinary income
Ordinary expenses
Interest expenses

67

6+61

14

16,361

10,100+6,261

23,577

8,542

4,954+3,588

12,045（ 8,151 )（ 4,639 )（ +3,512 )（ 11,379 )Fees and commissions

918

666+252

1,444

Other operating expenses

1,642

479

+1,163

1,524

General and administrative expenses

5,126

3,930

+1,196

8,418

131

70+61

144

Ordinary profit

1,401

1,483-82

2,401

Income before income taxes

1,401

1,483-82

2,401（Interest expenses on deposits）

Other ordinary expenses

Income taxes -Current

22+04

Income taxes -Deferred666-468+1,134-1,749

Net income732

1,949-1,2174,146

For three months
For three months
ended September 30, ended September 30,
2008 (A)2007 (B)

Change(A-B)

Ordinary revenues

9,113

-

-

Interest income

5,508

-

-

（Interest incomes on loans）( 2,201 )--（Interest income and dividends on securi（ 2,558 )

--

566

-

-

3,029

-

-

（ 2,228 )--Fees and commissions
Other operating income（Gains on foreign exchangetransactions）

9--

Ordinary expenses

8,887--

Interest expenses

4,478--

Other ordinary income（Interest expenses on deposits）（ 4,244 )--Fees and commissions

482-

-

Other operating expenses

1,152--

General and administrative expenses

2,703

-

-

69-

-

Ordinary profit

226

-

-

Income before income taxes

226

-

-

Income taxes -Current

1--

Income taxes -Deferred

143-

-

Net income81--

Other ordinary expenses

5(5)Supplementary Information (Non-consolidated)
1. Interest spread（Unit:%）For six months ended
September 30, 2008
Yield on investment ①
Yield on loan
Yield on securities
Yield on monetary claims bought
Financing account ②
Yield on financing ③
Yield on deposits
Yield on call money*
Expense ratio
Interest spread①－③
Overall profit margin ①－②

For six months ended
September 30, 2007

1.61
2.32
1.49
7.19
2.13
1.35
1.30
0.76
0.78
0.26
-0.51

1.72
2.11
1.71
2.12
1.19
1.14
0.53
0.95
0.52
-0.40

Note: Yield on call money includes yiled on bills sold

2. Balance of customer assets and number of accounts
As of September 30, 2008

Customer assets

As of September 30, 2007

1,433,188 million yen

1,006,046 million yen

670 thousand

Number of accounts

532 thousand

Note: Customer assets are the sum of deposits and investment trusts.

3. Deposits and loans(Unit: Million yen, %)For six months ended September 30,
2008

For six months ended September 30,
2007

Balanceat theend

Averagebalance

YieldBalanceat theend

AveragebalanceYield

1,338,222
Deposits
1,079,742
Yen deposits
252,166
ordinary deposits
827,529
time deposits
Foreign currency deposits 258,480
76,573
ordinary deposits
181,906
time deposits
400,053Loans
391,575
Mortgage loans
8,478
Other

1,249,790
995,262
250,389
744,841
254,527
71,942
182,584
369,739
361,509
8,229

1.30
0.74
0.29
0.88
3.49
1.18
4.40
2.32
2.20
7.28

888,442
708,826
232,501
476,279
179,616
48,958130,657
319,128
311,492
7,635

806,186
665,748
252,478
413,240
140,437
35,484
104,953
300,302
293,168
7,134

1.14
0.49
0.29
0.61
4.22
2.31
4.87
2.11
1.99
6.93

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

64. Balance of time deposits by remaining period
As of September 30, 2008
ForeignYen
Total
currency
219,044
128,476
347,521（Unit: Million yen）
As of September 30, 2007
ForeignYen
Total
currenc
145,647
94,046239,694

3 months or more and lessthan 6 months

251,308

30,844

282,152

88,306

18,955

107,261

6 months or more and lessthan 1 year

280,352

19,030299,382

159,416

14,602

174,018

1 year or more and less than
2 years

21,906

1,489

23,39533,592

1,971

35,5642 years or more and less than
3 years

16,5892,060

18,64913,267

1,081

14,34918,585
807,785

4
181,906

18,590989,691

21,994462,224

130,657

21,994
592,882

Remaining periodLess than 3 months

3 years or more

Total

Note: The table above does not include installment time deposits.

5. Balance of securities by ratings

Ratings
AAAAAABBB
Less than BBB
P-1
P-2
Total

As of September 30, 2008
Balance Composition
425,566
64.8
83,533
12.7
133,314
20.3
14,511
2.2
656,927100.0（Unit: Million yen, %）As of September 30, 2007
Balance Composition
165,52648.6
60,35717.7
96,42928.3
15,176
4.5
1,998
0.6
999
0.3
340,488
100.0

Notes: 1. Credit rating classifications are based on the standardized approach for risk weighting applicable under thebank capital requirements, commonly referred to as Basel II, announced in June 2004 by the Basel Committee on
Banikng Regulations and Supervisory Practices of the Bank for Inrternational Settlements. The external credit
ratings used in applying the standardized approach to risk weighting for these purposes are the rating assigned bythe following rating agancies: Moody's Investors Service, Inc., Standard & Poor's, Rating and Investment
Information, Inc., Japan Credit Rating Agency, Ltd. and Fitch Ratings Ltd.
2.The table above exclude 7,415 million yen of investments in unrated investment trusts and 3,000 million yen ofinvestments in shares of a subsidiary.

6. Problem loans based on the Financial Reconstruction Law

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

As of September 30, 2008
Amount194378
219
407,591
408,384
7（Unit: Million yen）
As of September 30, 2007
Amount25
57
282
323,727
324,092

7. General and administrative expenses（Unit: Million yen, %）For six months ended
September 30, 2008
Personnel expenses
Non-personnel expenses
Depreciation and amortiza
Taxes
Total

For six months ended
September 30, 2007

Amount Composition
963
19.6
3,721
75.6
364
7.4
235
4.8
4,921
100.0

Amount Composition
807
20.9
2,903
74.9
317
8.2
163
4.2
3,875
100.0

8. Number of executives and employees

Executive management
DirectorsStatutory auditors
Employees

As of September 30, 2008
1073212（persons）
As of September 30, 2007
1073167

Notes 1．The number of directors include one outside directors and the number of statutory auditors include two nonexecutive statutory auditors.
2. The number of employees exclude temporary emloyees and subcontracted employees seconded to Sony Bank.

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

Tier I Ratio％

Total Capital％Million yen

Tier I CapitalMillion Yen

TotalRequiredCapitalMillion yen

As of September 30, 2008

8.88

8.39

39,81737,641

17,929As of September 30, 2007

10.94

10.90

38,85838,694

14,198

As of March 31, 2008

9.15

9.11

37,402

37,241

16,348Notes: 1. The non-consolidated capital adequacy ratio (domestic criteria) was calculated based on the standard stipulated in
the FSA public ministerial announcement No.19 of 2006

2. Total required capital = risk assets x 4%

10. Consolidated Capital Adequacy Ratio (Domestic Criteria)
CapitalAdequacy
Ratio

Tier I Ratio％

Total Capital％

Million yen

Tier I CapitalMillion Yen

Total
Required
CapitalMillion yen

As of September 30, 2008

8.80

8.31

39,25637,08017,840

As of September 30, 2007

10.99

10.94

38,76338,598

14,107

As of March 31, 2008

9.11

9.07

37,05736,895

16,256

Notes: 1. The consolidated capital adequacy ratio (domestic criteria) was calculated based on the standard stipulated in theFSA public ministerial announcement No.19 of 2006

2. Total required capital = risk assets x 4%8