May 16 2016
Sony Financial Holdings Inc.

Supplementary Data on Sony Life’s Financial Results
for the Year Ended March 31, 2016
<Contents>
1.Company Total of General Account and Separate Account(1) Status of Investment Assets (Company Total)(i) Portfolio of investment assets (company total)(ii) Changes in investment assets by categories (company total)(2) Securities (Company Total)(i) Valuation gains (losses) on trading-purpose securities (company total)(ii) Fair value information on securities (company total)(iii) Fair value information on monetary trusts (company total)(iv) Fair value information on derivative transactions (company total)
2. General Account Assets(1) Securities (General Account)(i) Details of securities (general account)(ii) Balance of securities by remaining period (general account)(iii) Fiscal year-end yields on bonds (general account)(iv) Japanese stock holdings by industry (general account)(v) Fair value information on derivative transactions (general account)(2) Loans (General Account)(i) Details of loans (general account)(3) Overseas Investment (General Account)(i) Details by assets (general account)(ii) Foreign-currency-denominated assets by currency (general account)(iii) Overseas investments by region (general account)(4) Real Estate (General Account)(i) Details of tangible fixed assets (general account)(ii) Balance of real estate and the number of buildings for rent (general account)
3. Fair Value Information on Separate Account Assets for Individual Variable
Life Insurance and Individual Variable Annuities(1) Valuation Gains (Losses) on Trading-purpose Securities (Separate Account)(2) Details of Securities (Separate Account)(3) Fair Value Information on Monetary Trusts (Separate Account)(4) Fair Value Information on Derivative Transactions (Separate Account)
4. Other(1) Key Performance Indicators for Past Five Fiscal Years(2) Policy Reserves Calculation Methods and Ratios for Individual Life Insurance
and Individual Annuities

1

P.2

P.3

P.7

P.12
P.13

P.15

P.16
P.16
P.16
P.16

P.17
P.18

1.Company Total of General Account and Separate Account(1) Status of Investment Assets (Company Total)(i) Portfolio of investment assets (company total)
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
JGBs, other bonds
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Loans
Real estate
Deferred tax assets
Other assets
Reserve for possible loan losses
Total
Of which, foreign-currency-denominatedassets(Millions of yen, %)As of March 31, 2016
Amount% of total

As of March 31, 2015
Amount% of total

87,7691.2-

106,594

1.3--

313,276
6,543,703
5,772,865
92,564
451,613
165,475
286,138
226,659
162,399
117,764
76,705(268)
7,301,350

1.1
(0.0)
100.0

280,973
7,273,361
6,509,420
83,411
471,973
132,638
339,334
208,556
171,649
115,816
87,286(272)
8,035,408

1.1
(0.0)
100.0

403,601

5.5

472,555

5.9

4.3
89.6
79.1
1.3
6.2
2.3
3.9
3.1
2.2
1.6

3.5
90.5
81.0
1.0
5.9
1.7
4.2
2.6
2.1
1.4

Note: The amount for real estate is equivalent to the total amount of land, buildings and construction in progress.

(ii) Changes in investment assets by category (company total)
Category(Millions of yen, %)For the year ended March 31, 2016
Amount

For the year ended March 31, 2015
Amount37,314

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
JGBs, other bonds
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Loans
Real estate
Deferred tax assets
Other assets
Reserve for possible loan losses
Total
Of which, foreign-currency-denominated

18,825-

7,929
588,987
414,138
22,122
109,426
33,77675,64943,3008,180
51,231(13,643)(3,526)(26)
676,447
108,472

Note: The amount for real estate is equivalent to the total amount of land, buildings and construction in progress.

2(32,302)729,657
736,555(9,153)
20,359(32,836)
53,196(18,103)
9,249(1,948)
10,581(4)
734,057
68,954

(2) Securities (Company Total)(i) Valuation gains (losses) on trading-purpose securities (company total)

Category(Millions of yen)
As of March 31, 2016
Net valuation gains (losses)
Balance sheet amountrecorded in income

As of March 31, 2015
Net valuation gains (losses)
Balance sheet amountrecorded in income

761,473

Trading-purpose securities

89,147796,241(75,945)

Note: The above table includes trading-purpose securities included in monetary trusts, etc.

(ii) Fair value information on securities (company total)a. Fair value information on securities with market value (except trading-purpose securities)
As of March 31, 2015
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
lossesCategory

Carrying
amountHeld-to-maturity securities
Policy reserve matching bonds
Stocks of subsidiaries andaffiliated companies
Available-for-sale securities
JGBs, other bonds
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Money claims purchased
Certificates of deposit
Others
Total
JGBs, other bonds
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Monetary claims purchased
Certificates of deposit
Others4,878,792

5,718,258

839,466

839,567

101

-

-

-

-

-

-

-

-

-

-

1,007,822
974,613
13,421
19,451
19,451

1,176,698
1,120,126
29,496
26,412
26,412-

168,875
145,512
16,075
6,961
6,961
-

336

663
-

5,886,614
5,775,323
13,421
97,533
97,533

6,894,956
6,736,583
29,496
128,214
128,214
-

663

-

-

-

108
108
108
-

326
-

336

168,984
145,512
16,075
7,069
7,069
326

1,008,341 1,008,551
961,259
961,361
16,075
16,07530,68030,78830,68030,788
326
326
-

210
101
108
108
-

(Millions of yen)
As of March 31, 2016
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
lossesCarrying
amount

5,383,938
251,260

7,410,168
292,566-

887,973854,339
13,625
19,842
19,842

2,026,230
41,305-

1,091,602
1,040,351
25,66425,27925,279-165
6,523,172
6,444,682
13,62564,69864,698165-

203,629
186,011
12,039
5,436
5,436

307

2,026,230
41,306

0-203,739
186,011
12,049
5,536
5,536
-

109
10
99
99
-

142

142

8,794,337 2,271,165 2,271,276
8,689,521 2,244,838 2,244,838
25,664
12,03912,04978,84414,146
14,24578,84414,146
14,245
307
142
142
-

Notes:
1. The above table includes assets which are permitted to be treated as equivalent to securities defined in the Financial Instruments and Exchange Act of Japan.
2. Carrying amount and net unrealized gains (losses) on monetary trusts, including items other than trading-purpose securities as of March 31, 2016, amounted to¥232,320 million and ¥48,431 million, respectively.

b. Carrying amounts of securities without market value(Millions of yen)

Category

As of March 31, 2015

Held-to-maturity securities
Unlisted foreign bonds
Others
Policy reserve matching bonds
Stocks of subsidiaries and affiliated companies
Available-for-sale securities
Unlisted Japanese stocks (except OTC stocks)
Unlisted foreign stocks (except OTC stocks)
Unlisted foreign bonds
OthersTotal

As of March 31, 2016-

18,50014,492663

13,267
12,301149
439

13,82832,992

3

11,712
25,569

-

110
0
10
99
99
-

c. Fair Value Information consisting of that stated in the previous table-a and foreign exchange and other gains (losses) for table-b as follows:

Category

Carrying
amountHeld-to-maturity securities
Policy reserve matching bonds
Stocks of subsidiaries andaffiliated companies
Available-for-sale securities
JGBs, other bonds
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Monetary claims purchased
Certificates of deposit
Others
Total
JGBs, other bonds
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Monetary claims purchased
Certificates of deposit
Others4,878,792

As of March 31, 2015
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
losses5,718,258-

18,50018,5001,022,315
974,613
13,421
20,115
19,451
663
14,165

1,198,889
1,120,126
29,49628,48826,412
2,076
20,778-5,919,607
5,775,323
26,421
103,697
97,533
6,163
14,165

839,466----

5,383,938
251,260

7,410,168
292,566---

13,267

13,267900,274
854,339
13,77520,281
19,842439
11,877

1,109,405
1,040,351
25,81427,271
25,2791,992
15,967

177,188
145,512
16,075
8,482
7,069
1,412
7,118
-

1,016,040
961,259
16,07532,09230,680
1,412
6,613
-

101

Carrying
amount-176,574
145,512
16,075
8,373
6,961
1,412
6,613

6,935,647
6,736,583
42,496
135,790
128,214
7,576
20,778-

839,567(Millions of yen)
As of March 31, 2016
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
losses

614
108
108
505
-

1,016,756
961,361
16,07532,20130,788
1,412
7,118
-

715
101
108
108
505

-

6,548,741
6,444,682
20,343
71,83764,698
7,139
11,877-2,026,230
41,305
209,130
186,011
12,039
6,989
5,436
1,552
4,090
-

8,825,407
8,689,521
32,38287,53678,844
8,692
15,967-2,026,230
41,306
209,792
186,011
12,049
7,089
5,536
1,552
4,641
-

2,276,666
2,244,838
12,03915,69914,146
1,552
4,090
-

0
661
10
99
99
551
-

2,277,328
2,244,838
12,04915,79814,245
1,552
4,641
-

662
0
10
99
99
551

-

-

(iii) Fair value information on monetary trusts (company total)

Category

Balance sheet
amountAs of March 31, 2015
Net unrealized gains (losses)
Balance sheet
Fair value
Unrealized Unrealized
amountgains
lossesMonetary trusts
313,276
313,276
Note: The above table includes ¥50 million of jointly invested monetary trusts.

--

280,973(Millions of yen)
As of March 31, 2016
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
losses

280,973---■ Monetary trusts for investment

Category

As of March 31, 2015
Net valuation
Balance sheet amountgains (losses)
recorded in income

Monetary trusts for investment-(Millions of yen)
As of March 31, 2016
Net valuation
Balance sheet amountgains (losses)
recorded in income

-

-

-

■ Monetary trusts for held-to-maturity and policy reserve matching and other monetary trusts

Category

Monetary trusts for
held-to-maturity
Monetary trusts forpolicy reserve matching
Other monetary trusts

As of March 31, 2015
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
lossesCarrying
amount(Millions of yen)
As of March 31, 2016
Net unrealized gains (losses)
Fair value
Unrealized Unrealized
gains
lossesCarrying
amount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

268,017313,225
45,20845,208
Note: Monetary trusts includes cash and call loans, etc. held in monetary trusts.

4-

232,491

280,922

48,431

48,431-

(iv) Fair value information on derivative transactions (company total) (Total of figures to which hedge accounting is applied and those not applied)■Qualitative Information(1) Transaction details
The main derivative transactions used by Sony Life are as follows:
Interest rate-related: Interest rate swap transactions
Currency-related : Forward foreign exchange transactions
Stock-related: Stock index futures trading(2) Purpose of use and policy on derivative transactions
Sony Life’s policy is to conduct derivative transactions to reduce risks related to its holdings of assets and liabilities, and does not engage in speculative
derivative transactions.
Interest rate-related : The purpose is to hedge interest rate-related risk on its holdings of assets and liabilities.
Currency-related : The purpose is to hedge foreign currency risk related to its holdings of foreign currency-dominated assets and foreign
currency risk related to the minimum guaranteed for individual variable life insurance.
Stock-related: The purpose is to hedge stock-related risk corresponding to underlying assets and the minimum guaranteed for individual
variable life insurance.
(3) Risk details
The risk of fluctuations in market value (interest rate-related risk, currency-related risk and stock-related risk) is inherent to derivative transactions
employed by Sony Life. However, as these transactions are conducted primarily to reduce risk related to its holdings of assets and liabilities, the total
risk related to derivative transactions and their underlying assets and liabilities is limited. Credit risk is inherent to derivative instruments, but when
conducting transactions, Sony Life selects parties that it believes pose little risk of default.
(4) 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 chargeof investment, the administrative division receives reports directly from the transaction counterparty. This system enables the administrative divisionand the investment division to independently determine derivative positions and transaction profits and losses. In addition, the management of risks
related to derivative transactions is conducted strictly by the department in charge of supervision. Also, the risk management division regularly reports
the overall risk status to the Company’s Board of Directors and Executive Committee.
(5) Supplemental information regarding quantitative information
Sony Life does not employ hedge accounting for derivative transactions.

■ Quantitative Information(1) Breakdown of valuation gains and losses (Derivatives to which hedge accounting is applied and derivatives to which hedge
accounting is not applied)(Millions of yen)Interest rateCurrencyStockBondOther
Total
relatedrelatedrelatedrelatedHedge accounting is applied
As of March Hedge accounting is not
31, 2015 applied

139

Total

139

Hedge accounting is applied
As of March Hedge accounting is not
31, 2016 applied
Total

-

-

-

-

-

(7)

(612)

-

-

(479)

(7)

(612)

-

-

(479)

-

-

-

-

-

422

737

(230)

-

-

929

422

737

(230)

-

-

929

Note: Valuation gains and losses on derivatives to which hedge accounting is not applied are recorded in the statements of income(2) Derivatives to which hedge accounting is not applied(a) Interest rate derivatives(Millions of yen)
As of March 31, 2016

As of March 31, 2015
Category

Items

Notional amount
total

Fair value

Valuation
gains (losses)

Notional amount
total

Over 1 year
Over-the- Interest rate swaps
countertransactions Fixed interest rate received / Variable interest payment

1,000

1,000

Total

5

Valuation
gains (losses)

422

422

Over 1 year

139

139
139

Note: Fair value is also shown in the column under "valuation gains (losses)".

Fair value

1,000

1,000

422

(Reference) Balance of interest rate swaps by remaining period(Millions of yen, %)As of March 31, 2015

Category

Due in1 year or lessDue
after 1 year
through 3 years

Dueafter 3 years
through 5 years

-

-

-

Fixed interest rate received / variable interest payment fornotional principal of interest rate swap
Average fixed interest rate received
Average variable interest payment
Total

Due a
Due
Due
fter 5 years
after 7 years
after 10years
through 7 years through 10 years

-

-

1,000
1.89
0.15
1,000

Total

1,000
1.89
0.15
1,000

As of March 31, 2016
Category

Due in1 year or lessDue
after 1 year
through 3 years

Dueafter 3 years
through 5 years

-

-

-

Fixed interest rate received / variable interest payment fornotional principal of interest rate swap
Average fixed interest rate received
Average variable interest payment
Total

Due a
Due
Due
fter 5 years
after 7 years
after 10years
through 7 years through 10 years

-

-

1,000
1.89
0.12
1,000

Total

1,000
1.89
0.12
1,000

(b) Currency derivatives(Millions of yen)
As of March 31, 2015

Category

Items

Notional amount total

Fair value

As of March 31, 2016
Valuation
gains (losses)

Notional amount total

Over 1 year
Forward foreign-exchange contracts
Sold
Over-thecounter
U.S. dollars
transactions
Euro
Australian dollars

21,282
10,364
9,968
949

Valuation
gains (losses)

Fair valueOver 1 year

-

(7)
93
(115)
15

Total

(7)
93
(115)
15
(7)

50,03531,792
15,387
2,855

-

737
714
25
(2)

737
714
25
(2)
737

Note:
1. The forward rate of exchange is used to value forward foreign-exchange transactions at the end of the fiscal year.
2. Fair value is also shown in the column under "valuation gains (losses)".

(c) Stock derivatives(Millions of yen)
As of March 31, 2015

Category

Items

Notional amount total

Fair valueOver 1 year

As of March 31, 2016
Valuation
gains (losses)

Notional amount total

Fair valueOver 1 year

Valuation
gains (losses)

Yen-denominated stock index futures
Listed21,903

Sold

-

(612)

Total
Note: Fair value is also shown in the column under "valuation gains (losses)".

(d) Bond derivatives
Not applicable(e) Others
Not applicable(3) Derivatives to which hedge accounting is applied(a) Interest rate derivatives
Not applicable(b) Currency derivatives
Not applicable(c) Stock derivatives
Not applicable(d) Bond derivatives
Not applicable(e) Others
Not applicable

6

(612)
(612)

72,793

-

(230)

(230)
(230)

2. General Account Assets(1) Securities (General Account)(i) Details of securities (general account)(Millions of yen, %)Category
Japanese government bonds
Japanese municipal bonds
Japanese corporate bonds
Of which, public
corporation bonds
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Total

As of March 31, 2015
Amount% of total
5,585,685
96.6
21,200
0.4

As of March 31, 2016
Amount% of total
6,233,852
96.2
117,324
1.8

21,2000.4

113,424

1.8

42,496
131,627
105,556
26,0702,283
5,783,292

0.7
2.3
1.8
0.5
0.0
100.0

33,364
93,14070,13423,005
1,654
6,479,336

0.5
1.4
1.1
0.4
0.0
100.0

7

(ii) Balance of securities by remaining period (general account)(Millions of yen)

Category

Due in1 year or lessDue after 1 year Due after 3 years Due after 5 years Due after 7 years
through 3 years through 5 years through 7 years through 10 years

Due after 10 years(including
no fixed maturity)

As of March 31, 2015

Japanese government bonds
14,9605,447
228,796
5,336,480
Japanese municipal bonds
Japanese corporate bonds
1,635
19,564
Japanese stocks
42,496
Foreign securities
4,028
9,091
9,982
16,207
3,152
89,165
Bonds
2,022
4,044
13,413
2,410
83,665
Stocks, etc.
4,028
7,069
5,937
2,793
741
5,500
Other securities
1,173
446
663
Total
4,028
24,052
11,155
22,101
233,584
5,488,369
Japanese government bonds
13,243
16,630320,234
5,883,743
Japanese municipal bonds
Japanese corporate bonds
20,282571
1,631
94,838Japanese stocks
33,364Foreign securities
4,054
8,824
16,746
3,848
565
59,100
Bonds
1,822
13,6152,296
52,400Stocks, etc.
4,054
7,002
3,131
1,552
565
6,700
Other securities
682
664
307
Total
24,33623,322
16,74621,143
322,4316,071,355
Note: Items treated as securities based on “financial product accounting standards” (Corporate Accounting Standards #10) are included.
As of March 31, 2016(iii) Fiscal year-end yields on bonds (general account)
Category
As of March 31, 2015(%)

As of March 31, 2016

JGBs, other bonds

2.04

1.97

Foreign bonds

4.70

4.14

Note: Yields on bonds above are caluculated excluding discount bonds.

8

Total

5,585,685
21,20042,496
131,627
105,556
26,0702,283
5,783,292
6,233,852
117,324
33,364
93,14070,13423,005
1,654
6,479,336

(iv) Japanese stock holdings by industry (general account)
Category

Manufacturing industries

Fisheries, agriculture and forestry
MiningConstruction
Food products
Textiles and clothing
Pulp and paper
Chemicals
Medicals products
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

2,089
1,153

Transportation/Information
Commerce
telecommunications
Financialservices/insuranceBanking
Securities and commodity futures trading
Insurance
Other financial services
Real estate
Service companies
Total

4.9
2.7

1,284
1,276

316
1,654
5,207
3,256
362
313
687
1,760

3,314
2,666

13,000
984

9.2

6,717
935

20.1
2.8

2,594
33,364

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

9

-

-

7.2
100.0

9.1

3,057

30.6
2.3

-

-

-

-

1.3
3.8
12.7
7.2
1.2
1.3
1.4
5.3

3,042

6.3

-

-

-

-

0.3

418
1,279
4,229
2,394
389
433
476
1,753

7.8

-

-

-

-

3.4
4.3

107

0.7
3.9
12.3
7.7
0.9
0.7
1.6
4.1

-

-

-

-

5.3
3.6

1,143
1,420

0.3

-

-

-

-

3,058
42,496

1,758
1,214

3.0
3.0

108

-

-

-

Wholesalers
Retailers(Millions of yen)
As of March 31, 2016
Amount% of total

As of March 31, 2015
Amount% of total

7.8
100.0

(v) Fair value information on derivative transactions (general account)(Total of derivatives to which hedge accounting is applied and derivatives to which hedge accounting is not applied)(1) Breakdown of valuation gains and losses (Derivatives to which hedge accounting is applied and derivatives to which hedge accounting is not applied)(Millions of yen)
As of March 31, 2015
Interest
CurrencyStockraterelated
relatedHedge accounting is applied
Hedge accounting is notapplied
Total-

Others

Total

-

-

-

-

-

(7)

(612)

-

-

(479)

139
(7)
(612)
As of March 31, 2016

-

-

(479)

-

-

-

-

(230)

-

-

139

Hedge accounting is applied
Hedge accounting is notappliedBondrelated

-

-

422

737

929

Total
422
737
(230)
929
Note: Valuation gains and losses on derivatives to which hedge accounting is not applied are recorded in the statements of income.
(2) Interest rate derivatives(Millions of yen)
As of March 31, 2015

Category

Items

Notional amount total

As of March 31, 2016
Valuation
gains (losses)

Fair value

Notional amount total

Over 1 year
Over-the- Interest rate swaps
counter
Fixed interest rate received / variabletransactions interest payment

1,000

Fair value

Valuation
gains (losses)

Over 1 year

1,000

139

Total

139

1,000

1,000

422

139

422
422

Note: Fair value is measured using discounted present value.

(Reference) Balance of interest rate swaps by remaining period(Millions of yen)
As of March 31, 2015

Category

Due after 1
Due after 3
Due after 5
Due after 7 years
year
years
years
through 10 years
through 3 years through 5 years through 7 years

Due in 1
year
or less

Fixed interest rate received / variable interest payment
for notional principal of interest rate swap
Average fixed interest rate received
Average variable interest payment
Total

Due after
10 years

Total

-

-

-

-

-

1,000

1,000

-

-

-

-

-

1.89
0.15
1,000

1.89
0.15
1,000

As of March 31, 2016
Category

Fixed interest rate received / variable interest payment
for notional principal of interest rate swap
Average fixed interest rate received
Average variable interest payment
Total

Due in 1
year
or less

Due after 1
Due after 3
Due after 5
Due after 7 years
year
years
years
through 10 years
through 3 years through 5 years through 7 years

Due after
10 years

Total

-

-

-

-

-

1,000

1,000

-

-

-

-

-

1.89
0.12
1,000

1.89
0.12
1,000

10

(3) Currency derivatives(Millions of yen)
As of March 31, 2015

Category

Items

Notional amount total

Fair value

As of March 31, 2016
Valuation
gains (losses)

Notional amount total

Over 1 year
Forward foreign-exchange contracts
Sold
Over-thecounter
U.S. dollartransactions
Euro
Australian dollar

21,282
10,364
9,968
949

Valuation
gains (losses)

Fair valueOver 1 year

-

(7)
93
(115)
15

(7)
93
(115)
15
(7)

Total

50,03531,792
15,387
2,855

-

737
714
25
(2)

737
714
25
(2)
737

Note:
1. The forward rate of exchange is used to value forward foreign-exchange transactions at the end of the fiscal year.
2. Fair value is also shown in the column under “Valuation gains (losses).”(4) Stock derivatives(Millions of yen)
As of March 31, 2015

Category

Items

Notional amount total

Fair value

As of March 31, 2016
Valuation
gains (losses)

Notional amount total

Over 1 year
ListedYen-denominated stock index futures
Sold

21,903

Fair value

Valuation
gains (losses)

Over 1 year

-

Total
Note: Fair value is also shown in the column under “Valuation gains (losses).”(5) Bond derivatives
Not applicable(6) Others
Not applicable

11

(612)

(612)
(612)

72,793

-

(230)

(230)
(230)

(2) Loans (General Account)(Millions of yen)(i) Details of loans (general account)
Category
Policy Loans
Policyholder loans
Automatic premium loans
Commercial loans
OthersTotal

As of March 31, 2015

162,397
146,442
15,9542
2
162,399

12

As of March 31, 2016

171,649
155,413
16,235
171,649

(3) Overseas Investment (General Account)(i) Details Overseas Investment by assets (general account)■ Assets denominated in foreign currency (yen amount not fixed)
As of March 31, 2015
Category
Amount% of total
Foreign bonds
61,25846.0
Foreign stocks
2,076
1.6
Cash, deposits and other
18,824
14.1
Total
82,158
61.7(Millions of yen, %)As of March 31, 2016
Amount% of total

70,134
1,992
19,69091,817

70.6
2.0
19.8
92.4

■ Assets denominated in foreign currency (yen amount fixed)
Not applicable■ Assets denominated in yen
Category
Loans to borrowers locatedoutside of Japan
Yen-denominated Foreign bonds andothers
Total(Millions of yen, %)As of March 31, 2016
Amount% of total

As of March 31, 2015
Amount% of total--

Overseas Investment-

51,094

38.3

7,576

7.6

51,094

38.3

7,576

7.6

■ TotalCategory-(Millions of yen, %)As of March 31, 2016
Amount% of total

As of March 31, 2015
Amount% of total

133,253

100.0

99,394100.0(ii) Foreign-currency-denominated assets by currency (general account)(Millions of yen, %)Category

As of March 31, 2015
AmountAs of March 31, 2016

% of total

Amount% of total

U.S. dollar

70,50585.8

82,500

89.9

Euro

7,020

8.5

6,151

6.7

Australian dollar

4,306

5.2

2,914

3.2

British pound

324

0.4

248

0.3

New Taiwanese dollar

2

0.0

2

0.0

Total

82,158100.0

91,817100.0

13

(iii) Overseas investments by region (general account)(Millions of yen, %）Category

North America
EuropeOceania
Asia
Latin America
Middle East
AfricaInternationalorganizations
Total

Amount % of total
61,032
46.4
52,492
39.9
4,267
3.2
13,835
10.5
131,627

100.0

Category

North America
EuropeOceania
Asia
Latin America
Middle East
AfricaInternationalorganizations
Total

Amount % of total
72,644
78.0
4,428
4.8
2,892
3.1
13,175
14.1
93,140

As of March 31, 2015
Foreign securities
Loans to borrowers
Of which,
Of which,
located outside of Japan
foreign stocks, etc.
foreign bonds
Amount % of total Amount % of total Amount% of total
54,129
51.3
6,902
26.5
47,160
44.7
5,332
20.5
4,267
4.0
13,83553.1
105,556

100.0

26,070

-

-

-

100.0

-

-

As of March 31, 2016
Foreign securities
Loans to borrowers
Of which,
Of which,
located outside of Japan
foreign bonds
foreign stocks, etc.
Amount % of total Amount % of total Amount% of total
67,242
95.9
5,402
23.5
4,428
19.2
2,892
4.1
13,175
57.3
-

100.0

-

-

-

70,134100.0

1423,005

-

-

-

100.0

-

-

(4) Real Estate (General Account)(i) Details of tangible fixed assets (general account)(Millions of yen)

CategoryLand
For the year ended
March 31, 2015

Buildings
Leased assets
Construction in progress
Other tangible fixed assets

Balance at the
Increase in the
beginning of
periodthe period

30,10336,42952,903
374

19

-

548

49

Total

67,10053,327Land

83,00734,757364

For the year ended
March 31, 2016

Buildings
Leased assets
Construction in progress
Other tangible fixed assets
Total

-

15
452

0
31
169

118,232

566-

Decrease in
the period

Amount of Balance at the
depreciation in end of theperiodthe period

40
[10]
1
[0]
42
[10]
318
[312]
50
[49]
368
[362]

2,005
4

-

4
-

40.7
21.7

-

-

144

452

1,631

78.3

2,154

118,232

25,48542.0

83,007
32,77725,852

2,025
4

-

44.1

144

12
31
427

1,723

80.1

2,173

116,256

27,58445.4-(ii) Balance of real estate and the number of buildings for rent
(Millions of yen)
As of March 31, 2015 As of March 31, 2016
117,764
115,816
3,397
3,193
114,366
112,623
3
3

15

% of
accumulated
depreciation

23,84915-

Note: Figures in [ ] in the “Decrease in the period” describe the amount of impairment losses.

Category
Real estate balance
For corporate use
For rent
Number of buildings for rent

83,00734,757

Amount ofaccumulated
depreciation

8

41.0
-

-

3. Fair Value Information on Separate Account Assets in Individual Variable Life
Insurance and Individual Variable Annuities
Assets relating to individual variable life insurance and individual variable annuities are jointly invested at Sony Life.

(1) Valuation Gains (Losses) on Trading-purpose Securities (Separate Account)(Millions of yen)

As of March 31, 2015
Category

Trading-purpose securities

As of March 31, 2016

Balance sheet amount

Net valuation gains(losses) recorded
in incomeBalance sheet amount

Net valuation gains(losses) recorded
in income

760,411

89,106

794,025

165,980
50,068319,985
59,918260,067
224,376760,411(Millions of yen)
As of March 31, 2016
Balance sheet amount
158,244
50,046
378,833
62,504
316,328
206,902794,025(76,099)(2) Details of Securities (Separate Account)
Category

As of March 31, 2015
Balance sheet amount

JGBs, other bonds
Japanese stocks
Foreign securities
Bonds
Stocks, etc.
Other securities
Total(3) Fair Value Information on Monetary Trusts (Separate Account)Not applicable(4) Fair Value Information on Derivative Transactions (Separate Account)Not applicable164. Other(1) Key Performance Indicators for Past Five Fiscal Years
For
For
For
For
the year ended
the year ended the year ended
the year ended
March 31, 2012 March 31, 2013 March 31, 2014 March 31, 2015

Ordinary revenues
Ordinary profit
Core profit
Net income
Common stock
Number of shares issued andoutstanding [thousands of shares]
Total assets
Of which, separate account assets
Policy reserves
Loans
Securities
Solvency margin ratio
Number of employees
Policy amount in force(Millions of yen)For
the year ended
March 31, 2016

967,400
69,436
71,68531,42670,0001,142,274
74,65980,04542,44470,0001,197,109
69,20572,36537,06370,0001,223,827
79,66576,50542,52470,0001,230,141
60,79243,01937,09670,000[70,000][70,000][70,000][70,000][70,000]

5,222,846
444,289
4,843,020
138,9094,545,019
1980.40%
6,060
37,345,780
57,811

5,952,750
550,624
5,472,930
145,104
5,211,535
2281.80%
6,323
39,124,675
56,5036,624,903
640,562
6,123,633
154,219
5,954,716
2,358.7%
6,553
40,500,241
55,1967,301,350
793,344
6,727,241
162,399
6,543,703
2,555.0%
6,781
42,430,898
17,2108,035,408
850,323
7,336,533
171,649
7,273,361
2,722.8%
7,289
44,749,196
13,093

Policy amount in force for group
Notes:
1. Policy amount in force is the total of individual life insurance, individual annuities and group life insurance.
Policy amount for individual annuities are equal to the sum of (a) the funds to be held at the time annuity payments
is commerce for policies for which annuity payments have not yet commenced and (b) the amount of policy
reserves for which payments have commenced.
2. Policy amounts in force for group annuities products is equal to the amount of outstanding policy reserves.

17

(2) Policy Reserves Calculation Methods and Ratios involving Individual Life Insurance andIndividual Annuities
Category

Pure death-protection insurance
Policies subject toMixed insurance
standard policy
Pure endowment insurance
reserve method
Calculation
Annuities
methodPure death-protection insurance
Policies not subject
Mixed insurance
to standard policy
Pure endowment insurance
reserve method
Annuities
Ratio of "amount of the company's policy reserve (excluding
contingency reserve)" to "policy reserves
required by regulatory standards"

For the year ended
March 31, 2015

For the year ended
March 31, 2016

Net level premium
reserve method

Net level premium
reserve method

Net level premium
reserve method

Net level premium
reserve method

100.1%

100.1%

Notes:
1. The calculating methods and ratios are set for individual life insurance and individual annuities. The conceptof accumulation method is not targeted at policy reserves for group life insurance and group annuities,
so these insurance policies are not included.
2. The above ratios indicate the amounts of the company’s policy reserves (excluding contingency reserve) to therequired premium reserves and unearned premiums calculated by (a) the method laid down in the Ministry of FinancePublic Notice No. 48 of 1996 for policies to which the standard policy reserve method is applied,and (b) the net level premium reserve method for policies to which the standard policy reserve method is notapplied.

18