February 13, 2020
Sony Financial Holdings Inc.

Summary Information on Sony Bank’s Financial Results
for the Nine Months Ended December 31, 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 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, 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

372,103
6,461
22,244734,154
1,874,417
9,346
50,824
1,477
6,463
514
(899)
3,077,108

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

2,494,841
175,61237,740210,000580
63,085350
1,356
87
2,983,654

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

31,00021,00035,45887,458
4,545
(610)
(96)
3,838
2,157
93,454
3,077,108

2. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income(1) Consolidated Statements of Income(Millions of yen)
Nine months ended
December 31, 2019

Nine months ended
December 31, 2018
Ordinary Revenues

33,76736,731

Interest income

23,59825,520Interest income on loans

13,036

13,941

Interest income and dividends on securities

10,50911,524

Fees and commissions

6,593

8,450

Other operating income

3,171

2,514

Other ordinary income

404

244

Ordinary Expenses

26,72628,582

Interest expenses

6,359

7,150

4,867

5,699

Fees and commissions

6,110

6,530

Other operating expenses

106

1

13,862

14,815Interest expenses on deposits

General and administrative expenses
Other ordinary expenses
Ordinary Profit287

85

7,041

8,148

－

16

Extraordinary Gains

－

16

19－

19－

Income Before Income Taxes

7,021

8,164

Income Taxes—Current

2,141

2,254

Income Taxes—Deferred

19246

Total Income Taxes

2,160

2,500

Profit

4,860

5,663

190

259

4,670

5,403

Other extraordinary gains
Extraordinary Losses
Losses on disposal of fixed assets

Profit Attributable to Non-controlling Interests
Profit Attributable to Owners of the Parent(2) Consolidated Statements of Comprehensive Income(Millions of yen)
Nine months ended
December 31, 2018
ProfitNine months ended
December 31, 2019

4,860

5,663

(3,668)

571

(61)

650

Other Comprehensive Income
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

1111(3,717)

1,233

1,142

6,896

Comprehensive income attributable to owners of the parent

950

6,635

Comprehensive income attributable to non-controlling interests

191

260

Total other comprehensive income
Comprehensive Income(Details)

33. Non-consolidated Balance Sheets(Millions of yen)
As ofDecember 31, 2018
(A)

As ofDecember 31, 2019
(B)

Cash and due from banks

343,534

366,129+22,595

343,063+23,066

Monetary claims purchased

5,751

6,461+709

4,916+1,544

As ofMarch 31, 2019(C)Change(B-A)

Change(B-C)

Assets:Money held in trust

21,00022,244+1,244

21,937+307

Securities

710,553

736,175+25,621696,468+39,707

1,673,578

1,874,417+200,838

1,744,103+130,314

Loans
Foreign exchanges

11,1399,346(1,793)

8,471+874

Other assets

43,90540,006(3,899)

35,443+4,563

Tangible fixed assets

1,119996(122)1,092(95)

Intangible fixed assets

4,553

4,805+252

5,200(394)Deferred tax assets

1,612

351(1,260)

1,133(781)Reserve for possible loan losses

(895)

(899)

(4)

(903)

+3

2,815,853

3,060,035+244,182

2,860,925+199,109

Deposits

2,336,616

2,499,745+163,128

2,358,985+140,760

Call money

122,378

175,612+53,233

130,611+45,000

Payables under repurchase agreements

30,16237,740+7,57820,290+17,450

Borrowed money

190,000

210,000+20,000

210,000－

Foreign exchanges

330

580

+249

244

+335

Other liabilities

50,57044,403(6,167)51,717(7,313)

Total Assets
Liabilities:

Reserve for employees' bonuses512273(238)

677(403)

Reserve for employees' retirement benefits

986

1,045+58

994+50

Provision for reimbursement of deposits
Total Liabilities

11587(28)

125(37)2,731,673

2,969,488+237,815

2,773,646+195,841

Net Assets:
Common stock

31,00031,000－31,000－Capital surplus

21,00021,000－21,000－Retained earnings

30,95834,612+3,65332,565+2,046

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

82,95886,612+3,65384,565+2,046

2,369

4,545+2,176

3,974+571(1,147)

(610)

+537

(1,260)+650

Total valuation and translation adjustments

1,221

3,935

+2,713

2,713+1,221

Total Net Assets
Total Liabilities and Net Assets

84,18090,547+6,36787,279+3,2682,815,853

3,060,035+244,182

2,860,925+199,109

4

4. Non-consolidated Statements of Income(Millions of yen)
Nine months ended
December 31, 2018
(A)

Nine months ended
December 31, 2019
(B)

Ordinary Revenues

30,55133,138+2,586

41,707

Interest income

23,59825,520+1,922

31,926

Interest income on loans

13,036

13,941+904

17,473

Interest income and dividends on securities

10,50911,524+1,015

14,382Fees and commissions

3,377

4,857

+1,480

5,338

Other operating income

3,171

2,514(656)3,926Gains on foreign exchange transactions

2,876

2,277(599)3,599Other ordinary income(Reference)
For the year ended
March 31, 2019

Change(B-A)

404

244

(159)

515

Ordinary Expenses

24,17325,834+1,66033,009Interest expenses

6,358

7,149+7908,643

Interest expenses on deposits

4,867

5,699+831

6,747

Fees and commissions

5,720

6,083+363

7,573

Other operating expenses

1060(105)

485

11,701

12,527+826

15,901286

73(213)405

Ordinary Profit

6,378

7,303+925

8,698

Income Before Income Taxes

6,378

7,303+925

8,698

Income Taxes—Current

1,942

2,001+582,828

Income Taxes—Deferred

17242+224(155)

Total Income Taxes

1,959

2,243+283

2,673

Net Income

4,418

5,059+641

6,025

General and administrative expenses
Other ordinary expenses

55. Supplementary Information(1) Deposits and Loans (Non-consolidated)(Millions of yen, %)For the nine months ended
December 31, 2018
Balanceat the endDeposits
Yen deposits
Ordinary deposits

Averagebalance

For the nine months ended
December 31, 2019
Balanceat the end

Yield

AveragebalanceYield

2,336,616

2,282,376

0.28

2,499,745

2,423,821

0.31

1,931,584

1,882,017

0.09

2,047,813

1,977,822

0.10

776,439

737,8910.00

876,071

812,874

0.00

1,153,770

1,143,031

0.16

1,169,734

1,163,364

0.16

Foreign currency deposits

405,031400,358

1.15

451,931445,998

1.27

Ordinary deposits

168,490

172,5270.41

176,924

176,389

0.40

Time deposits

236,441

227,756

1.71

274,861

269,506

1.83

Time deposits

Loans
Mortgage loans
Others1,673,578

1,629,224

1.06

1,874,417

1,806,165

1.02

1,613,004

1,562,263

0.98

1,827,406

1,756,117

0.96

60,573

66,9602.78

47,01150,0483.42(2) Balance of Time Deposits by Remaining Period (Non-consolidated)(Millions of yen)
As of December 31, 2018
Remaining period

YenLess than 3 months

449,702

3 months or more, less than 6 months

173,953

6 months or more, less than 1 year
1 year or more, less than 2 years

Foreigncurrency

As of December 31, 2019
Foreigncurrency

Total

Yen

137,907587,609439,825

169,153

608,978

44,091

218,045

191,446

52,999244,445

323,845

40,520364,365

351,325

43,206

394,532

52,47910,922

63,401

51,6186,563

58,182

2 years or more, less than 3 years

16,802

2,992

19,795

14,906

2,928

17,835

3 years or more

51,139751,146

29,703

829,7121,067,921

236,441

1,304,363

1,078,827

274,861

1,353,688

Total

Total

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

(3) Balance of Securities by Rating (Non-consolidated)(Millions of yen, %)As of December 31, 2018
Ratings
AAABalance

As of December 31, 2019

Composition

BalanceComposition

298,33742.0

329,38244.7

AA

82,44011.6

62,4998.5

A299,79742.2

306,494

41.6

BBB

20,9862.9

30,602

4.2

Unrated

8,990

1.3

7,196

1.0

Total

710,553

100.0

736,175

100.0

Notes: 1. Sony bank uses the Basel III standardized method and classifies its securities based on rating by five 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 ￥5,145 million of investments in unrated investment trusts,and ￥2,050 million of investments in shares of a subsidiary.

(4) Risk-monitored Loans (Non-consolidated)(Millions of yen)
As of December 31, 2019

As of December 31, 2018
Category
Bankrupt loans
Non-accrual delinquent loans

AmountAmount
159

198

1,165

1,109

Past due loans (3 months or more)－－

Restructured loans

774968

2,099

2,276

Total

6

(5) Consolidated Capital Adequacy Ratio (Domestic Standard)(Millions of yen, %)As ofDecember 31, 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

87,458

Capital and capital surplus

52,000Retained earnings

35,458

Accumulated other comprehensive income included in core capital(96)

Remeasurements of defined benefit plans(96)

Eligible capital instruments included in core capital: instruments and reserves

6,177

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

1,078
(A)

Core capital: instruments and reserves

94,617

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

4,484

Other intangible assets excluding goodwill and mortgage servicing rights

4,484

Shortfall of eligible reserves to expected losses

843

Core capital: regulatory adjustments

(B)

5,327

(C)

89,289

CapitalCapital((A) - (B))

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

579,255

Total amount included in risk-weighted assets subject to transitional arrangements(10,273)

Exposure to other financial institutions(10,273)

Total amount of operational risk equivalent / 8%

50,119Adjustment to credit risk-weighted assets

320,199

Total amount of risk-weighted assets(D)

949,574((C) / (D))

9.40%

Capital adequacy ratio
Capital adequacy ratio(Millions of yen)
As ofDecember 31, 2019Consolidated total capital requirements (Domestic standard) (Total risk-weighted assets by 4%)

737,982

(6) Non-consolidated Capital Adequacy Ratio (Domestic Standard)(Millions of yen, %)As ofDecember 31, 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

86,612

Capital and capital surplus

52,000Retained earnings

34,612

Eligible capital instruments included in core capital: instruments and reserves

6,177

Core capital: instruments and reserves(A)

92,789Core capital: regulatory adjustments
Total amount of intangible assets (excluding those relating to mortgage servicing rights)

3,334

Other intangible assets excluding goodwill and mortgage servicing rights

3,334

Shortfall of eligible reserves to expected losses

843

Core capital: regulatory adjustments

(B)

4,178

(C)

88,611

CapitalCapital((A) - (B))

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

580,662

Total amount included in risk-weighted assets subject to transitional arrangements(10,273)

Exposure to other financial institutions(10,273)

Total amount of operational risk equivalent / 8%

43,500Adjustment to credit risk-weighted assets

318,881

Total amount of risk-weighted assets(D)

943,044((C) / (D))

9.39%

Capital adequacy ratio
Capital adequacy ratio(Millions of yen)
As ofDecember 31, 2019Non-consolidated total capital requirements (Domestic standard) (Total risk-weighted assets by 4%)

837,721