May 14, 2009
Sony Financial Holdings Inc.

Supplementary Data on Sony Life’s Financial Resultsfor Year Ended March 31, 2009<Contents>
1. Overall Company(1) Status of Investment of Assets (Overall)(i) Composition of Overall Company Assets(ii) Changes in Overall Company Assets(2) Securities (Overall)(i) Valuation Gains/Losses on Trading-Purpose Securities(ii) Fair Value Information on Securities(iii) Fair Value Information on Monetary Trusts(iv) Fair Value Information on Derivative Transactions

P.2
P.2
P.2
P.3
P.3
P.3
P.4
P.5

2. General Account Assets(1) Securities(i) Details of Securities(ii) Balance of Securities by Remaining Period(iii) Fiscal Year-end Yields on Bonds(iv) Domestic Stocks Owned by Industry(v) Fair Value Information on Derivative Transactions(2) Loans(i) Details of Loans(3) Overseas Investment(i) Details by Assets(ii) Foreign Currency Denominated Assets by Currency(iii) Overseas Investments by Region(4) Real Estate(i) Details of Tangible Fixed Assets(ii) Balance of Real Estate and the Number of Buildings for Rent

P.6
P.6
P.7
P.7
P.8
P.9
P.10
P.10
P.11
P.11
P.11
P.12
P.13
P.13
P.13

3. Fair Value Information on Separate Account Assets
for Individual Variable Life Insurance and Annuities(1) Valuation Gains/Losses on Trading-Purpose Securities(2) Details of Securities(3) Fair Value Information on Monetary Trusts(4) Fair Value Information on Derivative Transactions

P.14
P.14
P.14
P.14
P.15

4. Other(1) Five-year Key Performance Index(2) Policy Reserve Calculating Methods and Rations for
Individual Life Insurance and Individual Annuities

1

P.16
P.17

1.Overall Company(1) Status of Investment of Assets (Overall Company)(1) Composition of Overall Company Assets
Category
Cash 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 and other securities
Other securities
Loans
Real estate
Deffered tax assets
Other assets
Reserve for possible loan losses
Total
Foreign currency denominated assets（Million Yen, %）As of March 31, 2009
Amount%As of March 31, 2008
Amount%95,299893,952
2,388,932

2.6
24.4
65.3

70,974
607,625
2,819,638

1.9
15.9
74.0

1,832,733

50.1

2,496,274

65.5

198,233
271,423
190,761
80,66286,542
108,688
82,867
90,120-74
3,659,786
197,213

5.4
7.4
5.2
2.2
2.4
3.0
2.3
2.5
-0.0
100.0
5.4

70,620189,426
129,275
60,15063,317
120,462
81,75435,43975,243-208
3,810,929
106,654

1.9
5.0
3.4
1.6
1.7
3.2
2.1
0.9
2.0
-0.0
100.0
2.8

(2) Changes in Overall Company Assets
Category

As of March 31, 2008
Amount-161,203
175,459
171,030
199,505-78,005
66,18262,328
3,854-16,652
11,884-4,15820,809-5
213,816
63,126

Cash 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 and other securities
Other securities
Loans
Real estate
Deffered tax assets
Other assets
Reserve for possible loan losses
Total
Foreign currency denominated assets

2（Million Yen, %）As of March 31, 2009
Amount-24,324-286,326
430,706
663,540-127,612-81,997-61,485-20,511-23,224
11,773-1,11335,439-14,876-134
151,143-90,559(2) Securities (Overall Company)(i) Valuation Gains/Losses on Trading-Purpose Securities (Overall Company)
Category（Million Yen）
As of March 31, 2009
Net valuation gains/losses
Balance sheet amountrecorded in income

As of March 31, 2008
Net valuation gains/losses
Balance sheet amountrecorded in income

346,239

Trading-purpose securities-58,524

283,272-77,934(ii) Fair Value Information on Securities (Overall Company)
ａ. Fair value information on secutirites with market value (except trading-purpose securities)（Million Yen）
As of March 31, 2009

As of March 31, 2008

Category

Carrying
value before
mark-tomarket

Held-to-maturity securities

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
Monetary claims purchased
Certificates of deposit
OthersNet unrealized gains/losses
Fair value

Unrealized Unrealized
gains
losses----1,399,011-

1,425,713-

26,702-

28,991
-

2,288
-

-

-

-

-

-

-

-

-

-

-

2,724,973
2,379,927
152,955
184,945
184,87272
7,145
2,724,973
2,379,927
152,955
184,945
184,87272
7,145-

2,852,831
2,463,423
203,830
175,407
175,107299
10,1702,852,831
2,463,423
203,830
175,407
175,107299
10,170-127,858
83,49550,874-9,538-9,764
226
3,025
127,858
83,49550,874-9,538-9,764226
3,025-

153,987
92,88755,765
2,309
2,082
226
3,025
153,987
92,88755,765
2,309
2,082
226
3,025
-

26,1299,391
4,890
11,847
11,847
26,1299,391
4,890
11,847
11,847-

1,675,529
1,546,918
56,95064,21064,2107,450
3,074,540
2,904,503
56,950105,636
105,6367,450-

1,699,732
1,573,911
58,37160,56960,5696,879
3,125,446
2,958,363
58,371
101,831
101,831
6,879-

24,202
26,993
1,421-3,641-3,641-570
50,90553,8601,421-3,805-3,805-570-

56,286
51,624
4,510
150
150
1
85,27780,615
4,510
150
150
1
-

32,083
24,630
3,088
3,791
3,791
572
34,372
26,755
3,088
3,955
3,955
572
-

Stocks of subsidiaries andaffiliated companies
Domestic bonds

Fair value-

Policy reserve matching bonds

Available-for-sale securities

Carrying
value before
Unrealized Unrealized mark-togains
lossesmarketNet unrealized gains/losses

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 of Japan.
2. Carrying value before mark-to-market and net unrealized gains/losses on monetary trusts, including items other than trading securities, amounted to ¥557,410 million and ¥8,306 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

As of March 31, 2008

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

4,047
22,4064573
1,125
20,703
26,453

3（Million yen）
As of March 31, 2009
6,047
24,721
4739
23,97730,769ｃ. Fair Value Information consisting of those stated in the previous table-a and foreign exchange and other gains (losses) for table-b.
As of March 31, 2008
Category

Carrying
value before
mark-tomarket

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
Monetary claims purchased
Certificates of deposit
OthersCarrying
value before
Unrealized Unrealized mark-togains
lossesmarketNet unrealized gains/losses
Fair value（Million Yen）

As of March 31, 2009
Net unrealized gains/losses
Fair value

Unrealized Unrealized
gains
losses

-

-

-

-

-

1,399,011-

1,425,713-

26,702-

28,991
-

2,288
-

4,047

4,047

-

-

-

6,047

6,047

-

-

-

2,747,379
2,379,927
152,959
186,643
185,997645
27,8482,751,427
2,379,927
153,959
189,691
185,997
3,693
27,848-2,877,089
2,463,423
203,834
177,061
176,232828
32,7692,881,137
2,463,423
204,834
180,109176,232
3,876
32,769-129,70983,49550,874-9,581-9,764183
4,920
129,70983,49550,874-9,581-9,764183
4,920-

156,874
92,88755,765
2,309
2,082
226
5,911
156,874
92,88755,765
2,309
2,082
226
5,911
-

27,1649,391
4,890
11,891
11,84743991
27,1649,391
4,890
11,891
11,84743991-

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-

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
-

(iii) Fair Value Information on Monetary Trusts (Overall Company)（Million Yen）
As of March 31, 2008

Category

Monetary trusts

As of March 31, 2009

Net unrealized gains/losses

Balancesheet amount

Fair value

893,952

893,952

Unrealized Unrealized
gains
losses--Net unrealized gains/losses

balance sheet
amountFair value

607,625

607,625-

Unrealized Unrealized
gains
losses---Note: The table above includes 50 million yen of jointly invested monetary trusts.
■ Monetary Trusts for Investment（Million Yen）
As of March 31, 2008
Category

Balance sheet amount

As of March 31, 2009

Net valuation
gains (losses)

63,203

Monetary Trusts for Investment

Balance sheet amount-2,831

Net valuation
gains (losses)

32,020-4,413■ Monetary Trusts for Held-to-maturity, Policy Reserve Matching Secutirites and Others（Million Yen）
As of March 31, 2008
Category

Monetary trusts for held-tomaturity
Monetary trusts for policy
reserve matching
Other monetary trusts

As of March 31, 2009

Carrying
value before
Unrealized Unrealized mark-tomarket
gains
lossesCarrying
value before
mark-tomarket

Fair value

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

－

802,634

830,698

28,06331,9903,926

567,248575,5548,306

17,4789,172

Net unrealized gains (losses)

Net unrealized gains (losses)

4

Fair value

Unrealized Unrealized
gains
losses(iv) Fair Value Information on Derivative Transactions (Overall Company)
Qualitative Information
With regard to investment, Sony Life's basic policy is to create portfolios that, while incorporating risk, ensure stable revenues and profits over the medium to long term.
To restrain price fluctuations risk, foreign exchange risk and credit risk, Sony Life allocates a relatively small percentage of assets to stocks and securities denominatedin foreign currencies. In addition, although Sony Life provides policy loans, it does not extend commercial loans.
Transactions
When creating portfolios, Sony Life concentrates primarily on Japanese government and corporate bonds. Although Japanese government and corporate bonds help
ensure stable revenues and profits over the medium to long term, they involve asset value fluctuation risk, owing to interest rate fluctuations. In addition to pricefluctuations risk, bonds denominated in foreign currencies involve foreign exchange risk. Depending on financial market conditions, Sony Life employs such derivative
instruments as over-the-counter bond options, stock index options, individual stock options and currency options.
Policies for and purposes of derivative transactions
Sony Life purchases derivative products primarily to hedge existing assets, by using target buying.
Risks
The derivative instruments that Sony Life uses are susceptible to fluctuations in market prices and risk, but as Sony Life principally hedges existing assets and employs
target buying, the risk on its total portfolio, including the underlying assets, is offset to some degree by risks on the off-balance-sheet transactions themselves. Credit
risk is inherent to derivative instruments, but as the off-balance-sheet transactions that Sony Life conducts involve instruments that are listed on Japanese stock
exchanges, we believe that credit risks are small. In addition, when conducting over-the-counter transactions, Sony Life selects parties that we believe pose little risk ofdefaults.
Risk Management Systems
Sony Life’s balance of derivative transactions is within the limits that Sony Life has set in-house. On transactions conducted by the division in charge of investment, theadministrative division receives reports directly from the transaction counterparty. This system enables the administrative division and the investment division to
independently determine derivative positions and transaction profits and losses.

Quantitative Information
Gains (losses) on derivatives with and without hedge accounting
Interestrelated
Hedge accounting applied

As ofMarch 31,
2008

Hedge accounting not applied
Total
Hedge accounting applied

As ofMarch 31,2009

Hedge accounting not applied
Total（Million Yen）
Currencyrelated

Stock-related Bond-related

Other

Total

-

-

3

-63

-

-60

-

-

3

-63

-

-60

-

-

-

-

-

-

-

-

-

-

-

-

Interest-related transactions
Not applicable

Currency-related transactions
Not applicable（Million Yen）

Stock-related transactions
Items

Category

As of March 31, 2008
Contracted value or notional
principal amount
Fair value

Valuation
gains (losses)

Over 1 year

Stock index options:
Sold
Call

(
Exchangetradedtransactions

Put
BoughtCall
PutOver-the- Stock index options:counter
Boughttransactions
Put

145
3)
(-)

0

3

-

(-)
(-)

-

(-)

-

-

-

-

-

-

-

-

3

Total

As of March 31, 2009
Contracted value or notional
principal amount
Fair value

Valuation
gains (losses)

Over 1 year

(-)
(-)

-

-

-

-

-

-

-

-

-

-

-

(-)
(-)

-

(-)

-

-

Note: Figures in parentheses indicate commissions on options.

（Million Yen）

Bond-related transactions
Category

Items

As of March 31, 2008
Contracted value or notional
principal amount
Fair value

Valuation
gains (losses)

Over 1 year
Exchange- Bond futures contracts:
tradedSoldtransactions
BoughtOver-thecountertransactions

Bond options:
Sold
Put

4,854
-

-

(-)

-

Total
Note: Figures in parentheses indicate commissions on options.

5

4,918
-

-63
-

-

-63

As of March 31, 2009
Contracted value or notional
principal amount
Fair value

Valuation
gains (losses)

Over 1 year

-

-

(-)

-

-

-

-

-

2. General Account Assets(1) Securities(i) Details of Securities (General Account)（Million Yen, %）As of March 31, 2008

As of March 31, 2009

Category
Amount%Amount%Government bonds

1,370,175

65.7

2,138,237

83.5

Municipal bonds

27,046

1.3

19,494

0.8

Corporate bonds

325,582

15.6

226,735

8.9

27,9791.3

18,455

0.7

Domestic stocks

172,9118.3

50,9742.0

Foreign securities

178,795

8.6

115,279

4.5

Foreign bonds

154,195

7.4

93,7093.7

Foreign stocks and othersecurities

24,5991.2

21,5690.8

12,046

0.6

8,516

0.3

2,086,557

100.0

2,559,237

100.0

Public corporation bonds

Other securities
Total

6

(ii) Balance of Securities by Remaining Period (General Accont)（Million Yen）

Category

Government bonds

Due after
Due after
Due after fiveDue after one
seven years Due after ten
three years
years throughyear throughthrough ten
through five
years*
seven years
three years
years
years

Due in one
year or less

Total

7,011
7,338
58,32021,475
21,47529,353
1,807
99,158
16,582
15,75740,721
69,02015,765
14,210134,990
4,356
45,96325,44818,571

835,077
13,54327,51349,56938,081

323,02125,605
172,91149,95446,0991,370,175
27,046
325,582
172,911
178,795
154,195

-

825

1,554

6,876

11,4883,855

24,599

-

65

-

1,484

325

10,17012,046

Total

94,145

146,967

125,507212,243926,029

581,6622,086,557

Government bonds

40
64,382
9,024
8,853

8,120
1,687
66,445
19,50318,35044,814
3,307
36,191
22,604
19,530196,146
1,028
16,4926,810
1,139

332,126
13,43027,62911,8304,213

1,557,030
15,59450,97445,505
41,623

2,138,237
19,494
226,735
50,974
115,279
93,709

171

1,152

3,073

5,671

7,617

3,882

21,56956
73,50495,756398
107,315443
220,920738
385,755

6,879
1,675,984

8,516
2,559,237

Municipal bonds
As of March 31, 2008

Corporate bonds
Domestic stocks
Foreign securities
Foreign bonds
Foreign stocks andother
Other securities

Municipal bonds
As of March 31, 2009

Corporate bonds
Domestic stocks
Foreign securities
Foreign bonds
Foreign stocks andother
Other securities
Total

(%)

(iii) Fiscal Year-end Yields on Bonds (General Accont)Category
Domestic bonds
Foreign bonds

As of March 31, 2008
1.45
3.21

As of March 31, 2009
1.83
1.51

7

(iv) Domestic Stocks Owned by Industry (General Account)
Category

Manufacturing industries

Fisheries, agriculture and forestry
MiningConstruction
Food products
Textiles and clothing
Pulp and paper
Chemicals
Medicals
Oil and coal products
Rubber products
Glass and stone products
Steel
Non-steel metals
Metal products
Machinery
Electric appliances
Transportation vehicles
Precision machinery
OthersElectric and gas utilities
Ground transportation
Water transportation
Air transportation
Warehouses/ transportation
Information/ telecommunications
Transportation/
Information
telecommunications
Commerce

Wholesalers

Financial services/
insurance

RetailersBanking
Securities and commodity futures trading
Insurance
Other financial services
Real estate
Service companies
Total(Million Yen, %）As of March 31, 2009
Amount%As of March 31, 2008
Amout
%

167
192
1,737
1,784
4,415
9,900
8,428
43
138
1,285
1,285
8,132
2,340
8,778
32,632
11,790
5,669
566
2,549
7,415
316
2,403
1,710
1,592

0.1
0.1
1.0
1.0
2.6
5.7
4.9
0.0
0.1
0.7
0.7
4.7
1.4
5.1
18.9
6.8
3.3
0.3
1.5
4.3
0.2
1.4
1.0
0.9

-

102
55
1,468
339
59
3,971
3,570
219
98
120
1,250
2,218
439
1,535
5,825
4,616
1,734
701
1,431
1,253
14
364
2,514

23,493

13.6

4,268

8.4

6,832

4.0

5,130

10.1

4,127
1,980
2,675
8,774
8,624
1,122
172,911

2.4
1.1
1.5
5.1
5.0
0.6
100.0

1,560
5
3,697
95
2,255
54
50,974

3.1
0.0
7.3
0.2
4.4
0.1
100.0

Note: Categories of stock holdings by industry are based on the classification by Securities Identification Code Committee of Japan.

8

0.2
0.1
2.9
0.7
0.1
7.8
7.0
0.4
0.2
0.2
2.5
4.4
0.9
3.0
11.4
9.1
3.4
1.4
2.8
2.5
0.0
0.7
4.9

(v) Fair Value Information on Derivative Transactions (General Account)
Qualitative Information
With regard to investment, Sony Life's basic policy is to create portfolios that, while incorporating risk, ensure stable revenues and profits over the medium tolong term. To restrain price fluctuations risk, foreign exchange risk and credit risk, Sony Life allocates a relatively small percentage of assets to stocks andsecurities denominated in foreign currencies. In addition, although Sony Life provides policy loans, it does not extend commercial loans.
Transactions
When creating portfolios, Sony Life concentrates primarily on Japanese government and corporate bonds. Although Japanese government and corporate
bonds help ensure stable revenues and profits over the medium to long term, they involve asset value fluctuation risk, owing to interest rate fluctuations. In
addition to price fluctuations risk, bonds denominated in foreign currencies involve foreign exchange risk. Depending on financial market conditions, Sony
Life employs such derivative instruments as over-the-counter bond options, stock index options, individual stock options and currency options.
Policies for and purposes of derivative transactions
Sony Life purchases derivative products primarily to hedge existing assets, by using target buying.
Risks
The derivative instruments that Sony Life uses are susceptible to fluctuations in market prices and risk, but as Sony Life principally hedges existing assets andemploys target buying, the risk on its total portfolio, including the underlying assets, is offset to some degree by risks on the off-balance-sheet transactions
themselves. Credit risk is inherent to derivative instruments, but as the off-balance-sheet transactions that Sony Life conducts involve instruments that arelisted on Japanese stock exchanges, we believe that credit risks are small. In addition, when conducting over-the-counter transactions, Sony Life selects
parties that we believe pose little risk of defaults.
Risk Management Systems
Sony Life’s balance of derivative transactions is within the limits that Sony Life has set in-house. On transactions conducted by the division in charge ofinvestment, the administrative division receives reports directly from the transaction counterparty. This system enables the administrative division and theinvestment division to independently determine derivative positions and transaction profits and losses.

Quantitative Information
Gains (losses) on derivatives with and without hedge accounting
InterestCurrencyrelated
relatedHedge
accounting
applied
As ofHedge accounting not applied
March 31,
2008
Total
As of
March 31,2009

Hedge accounting applied
Hedge accounting not applied
Total（Million Yen）
Stockrelated

Bondrelated

Other

Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest-related transactions
Not applicable
Currency-related transactions
Not applicable
Stock-related transactions
Not applicable
Bond-related transactions
Not applicable9（2）Loans（Mllion Yen）

(i) Details of Loans
Category

As of March 31, 2008

Policy Loans
Premium loans
Policyholder loans
Commercial loans
OthersTotal

10

As of March 31, 2009

108,688
95,583
13,105-

120,462
107,291
13,170-108,688

120,462(3) Overseas Investment(i) Details by Assets（Million Yen, %）Assets denominated in foreign currency (yen amount not fixed)
As of March 31, 2008

As of March 31, 2009

Category
Amount%Amount%Foreign bonds

82,63940.3

13,766

11.0

Foreign stocks

3,347

1.6

3,753

3.0

Cash, deposits and other

20,3739.9

16,777

13.4

Non yen-denominated cash, cash
equivalents and other assets

106,360

51.9

34,297

27.4

Assets denominated in foreign currency (yen amount fixed)
None
Assets denominated in yen（Million Yen, %）As of March 31, 2008

As of March 31, 2009

Category
Amount%Loans to borrowers located outsideof JapanForeign bonds and others
Total

Amount

%

-

-

-

-

98,46048.1

90,692

72.6

98,46048.1

90,692

72.6（Million Yen, %）Total
As of March 31, 2008

As of March 31, 2009

Category
AmountOverseas Investment%

204,821

Amount100.0%

124,990100.0(ii) Foreign Currency Denominated Assets by Currency（Million Yen, %）As of March 31, 2008

As of March 31, 2009

Category
Amount%Amount%U.S. dollar

95,681

90.0

26,201

76.4

Euro

7,140

6.7

4,731

13.8

Canadian dollar

-

-

-

-

Australian dollar

-

-

-

-

British pound

490

0.5

316

0.9

Denmark krone

-

-

-

-

Norwegian krone

-

-

-

-

3,047

2.9

3,047

8.9

106,360

100.0

34,297100.0

Philippine peso
Total

11

(iii) Overseas Investments by Region（Million Yen, %）As of March 31, 2008
Foreign securities

Category

Bonds
AmountNorth America
EuropeOceania
Asia
Latin America
Middle East
AfricaInternational
Organizations
Total

%

AmountStocks and other securities%

Amount%Loans to borrowers locatedoutside of Japan
Amount%90,74961,831
3,047
40,885
7,745

44.4
30.3
1.5
20.0
3.8

82,63952,87636,398
7,745

46.0
29.4
20.3
4.3

8,109
8,955
3,047
4,486
-

33.0
36.4
12.4
18.2
-

-

-

-

-

-

-

-

-

-

-

204,259

100.0

179,660

100.0

24,599

100.0

-

-

-

As of March 31, 2009
Foreign securities

Category

Bonds
AmountNorth America
EuropeOceania
Asia
Latin America
Middle East
AfricaInternational
Organizations
Total

%

AmountStocks and other securities%

Amount%Loans to borrowers locatedoutside of Japan
Amount%20,98554,8783,048
38,759
7,102

16.8
44.0
2.4
31.1
5.7

13,766
48,46533,870
7,102

13.3
47.0
32.8
6.9

7,218
6,413
3,048
4,889
-

33.5
29.7
14.1
22.7
-

-

-

-

-

-

-

-

-

-

-

124,774

100.0

103,204

100.0

21,569

100.0

-

-

12

(4) Real Estate(i) Details of tangible fixed assets(Million yen)
Category
Land

Amount ofBalance at theBalance at the
Increase in the Decrease in the depreciation inprevious fiscal
current fiscal
current year
current year
the current
year end
year endyear

Amount ofaccumulated
depreciation% ofaccumulated
depreciation

As of March 31, 2008

32,99654,028

276

1,399
(124)

3,118

32,99649,787

8,607

14.7

Construction in progress

1

83

-

-

84

-

-

Other tangible assets

857

144

26
(1)

191

783

757

49.2

87,883

503

1,425

3,310

83,651

9,365

15.6

Buildings

Total
Land

(125)

As of March 31, 2009

32,99649,787

79
661

58
( 15)

2,892

33,07647,498

11,401

19.4

Leased assets

-

420

1

82

337

196

36.8

Construction in progress

84

1,174

78

-

1,179

-

-

783

145

11
216
701
( 4)
83,651
2,482
149
3,190
82,793Total( 20)
Note: ( ) in the "Decrease in the current year" describes the amount of impairment losses.

919

56.7

12,517

20.5

Buildings

Other tangible assets(ii) Balance of real estate and the number of buildings for rent

Million yen, buildings)
Category

As of March 31, 2008 As of March 31, 2009

Balance of real estate

82,86781,754for corporate use

2,205

3,330

for rent

80,66278,4235

5

Number of buildings for rent

13

3. Fair Value Information on Separate Assets for Individual Variable Life Insurance and Annuities
As Sony Life jointly invests the assets relating to individual variable life insurance and individual variable annuities,
the figures states below are the total of the individual variable life insurance and annuities.

(1) Valuation Gains/Losses on Trading-Purpose Securities（Million Yen）
Category
Trading-purpose securities

As of March 31, 2008
Net valuation
Balance sheet amount gains/losses recorded
in income

302,375-55,462

As of March 31, 2009
Balance sheet amount

Net valuation
gains/losses recorded
in income

260,401-73,616(2) Details of Securities

Category

As of March 31, 2008
Balance sheet amountGovernment and corporate bonds
Domestic stocks
Foreign securities
Bonds
Stocks and other securities
Other securities
Total

109,928
25,322
92,62836,56556,06274,495
302,375(3) Fair Value Information on Monetary Trusts
None.

14

（Million Yen）
As of March 31, 2009
Balance sheet amount
111,806
19,64574,14735,566
38,58154,801
260,401

(4) Fair Value Information on Derivative Transactions (Separate Account)
Qualitative Information
With regard to investment, Sony Life's basic policy is to create portfolios that, while incorporating risk, ensure stable revenues and profits over the medium to long term. To restrain price fluctuations
risk, foreign exchange risk and credit risk, Sony Life allocates a relatively small percentage of assets to stocks and securities denominated in foreign currencies. In addition, although Sony Life provides
policy loans, it does not extend commercial loans.

Transactions
When creating portfolios, Sony Life concentrates primarily on Japanese government and corporate bonds. Although Japanese government and corporate bonds help ensure stable revenues
and profits over the medium to long term, they involve asset value fluctuation risk, owing to interest rate fluctuations. In addition to price fluctuations risk, bonds denominated in foreign
currencies involve foreign exchange risk. Depending on financial market conditions, Sony Life employs such derivative instruments as over-the-counter bond options, stock index options,individual stock options and currency options.
Policies for and purposes of derivative transactions
Sony Life purchases derivative products primarily to hedge existing assets, by using target buying.
Risks
The derivative instruments that Sony Life uses are susceptible to fluctuations in market prices and risk, but as Sony Life principally hedges existing assets and employs target buying, therisk on its total portfolio, including the underlying assets, is offset to some degree by risks on the off-balance-sheet transactions themselves. Credit risk is inherent to derivative
instruments, but as the off-balance-sheet transactions that Sony Life conducts involve instruments that are listed on Japanese stock exchanges, we believe that credit risks are small. In
addition, when conducting over-the-counter transactions, Sony Life selects parties that we believe pose little risk of defaults
Risk Management Systems
Sony Life’s balance of derivative transactions is within the limits that Sony Life has set in-house. On transactions conducted by the division in charge of investment, the administrative
division receives reports directly from the transaction counterparty. This system enables the administrative division and the investment division to independently determine derivative
positions and transaction profits and losses.

Quantitative Information（Million Yen）

Gains (losses) on derivatives with and without hedge accounting

Interestrelated
As of March
31, 2008
As of March
31, 2009

Currencyrelated

Stockrelated

Bondrelated

Other

Total

Hedge accounting applied
Hedge accounting not applied

-

-

3

-63

-

-60

Total

-

-

3

-63

-

-60

Hedge accounting applied
Hedge accounting not applied

-

-

-

-

-

-

Total

-

-

-

-

-

-

Interest-related transactions
Not applicable
Currency-related transactions
Not applicable（Million Yen）

Stock-related transactions
As of March 31, 2008
Category

Items

Contracted value or notional
principal amount

As of March 31, 2009
Valuation
gains (losses)

Fair valueOver 1 year
Exchangetradedtransactions

Contracted value or notional
principal amount

Valuation
gains (losses)

Fair valueOver 1 year

Stock index options:

Sold
Call
(

145
3)

0

Total
Note: Figures in parentheses indicate commissions on options.

3
3

(-)

-

-

-

（Million Yen）

Bond-related transactions
As of March 31, 2008
Category

Items

Contracted value or notional
principal amount

Fair valueOver 1 year
Exchange- Bond future contracts
tradedSoldtransactions

4,854

-

4,918

As of March 31, 2009
Valuation
gains (losses)

-63
-63

Total
Note: Figures in parentheses indicate commissions on options.

15

Contracted value or notional
principal amount

Valuation
gains (losses)

Fair valueOver 1 year

-

-

-

-

4. Other(1) Five-year key performance index(Million Yen)
For the year
For the year
For the year
For the year
For the year
ended March 31, ended March 31, ended March 31, ended March 31, ended March 31,
2005
2006
2007
2008
2009

Ordinary revenues

604,093

696,426

689,591

741,250

765,910

Ordinary profit

17,07024,35914,89539,29032,409Core profit

24,33328,56424,36623,571

38,005

Net income

10,102

9,616

7,494

18,51433,78365,00065,00065,00065,00070,000(65,000 thousand
shares)(65,000 thousand
shares)(65,000 thousand
shares)(65,000 thousand
shares)(70,000 thousand
shares)2,617,266

3,103,241

3,445,970

3,659,786

3,810,929

200,996

280,682

322,672

321,789

275,160

2,395,060

2,739,264

3,088,888

3,375,090

3,592,376

79,914

86,91896,804

108,688

120,462

Securities

1,704,663

2,132,216

2,217,902

2,388,932

2,819,638

Solvency margin ratio

1,317.1％

1,547.0％

1,852.0％

1,747.9％

2,060.5％

Number of employees

5,528

5,250

5,253

5,372

5,599

Policy amount in force

28,639,488

30,007,828

31,152,672

32,434,587

33,537,084

69,017

71,40072,63373,30773,499Common stock
Number of shares outstanding
Total assets
Of which, separate account assets
Policy reserves
Loans

Policy amount in force for group
annuities16

(2) Policy Reserve Calculating Methods and Ratios for Individual Life Insurance and Individual Annuities
For year ended March 31,
2008

Category

Calculating
methosPure death-protection insuranceNet level premium reserve method Net level premium reserve method
Policies subject to
Net level premium reserve method Net level premium reserve method
Mixed insurance
standard policy reserve
Net level premium reserve method Net level premium reserve method
Pure endowment insurance
methodNet level premium reserve method Net level premium reserve method
Annuities
Pure death-protection insuranceNet level premium reserve method Net level premium reserve method
Policies not subject to Mixed insurance
Net level premium reserve method Net level premium reserve method
standard policy reserve
Net level premium reserve method Net level premium reserve method
Pure endowment insurance
methodNet level premium reserve method Net level premium reserve method
Annuities

Ratio of "amount of the company's policy reserve (excluding contingency
reserve)" to "policy reserve required by regulatory standards"

Notes:For year ended March 31,
2009

100.0%

100.0%

1. The calculating methods and the ratios are set for individual life insurance and individual annuities. The concept ofaccumulation method is not targeted at policy reserve for group life insurance and group annuities, so these insurance policies
are not included.
2. The ratio for policies to which the standard policy reserve method is applied is indicated in the method laid down in Notice
No. 48 from the Ministry of Finance. The ratio for policies to which the standard policy reserve method is not applied isindicated for accumulated reserve for claims and unearned premiums calculated with the net level premium reserve method.

17