Slide 1: Financial Services
FINANCIAL SERVICES
Slide 2: Notes on Sony Financial Group and accounting standards
Sony Financial Group (“SFG”) refers to the financial services group consisting of Sony Financial Group, Inc. (“SFGI”), and its subsidiaries including Sony Life Insurance Co., Ltd. (“Sony Life”), Sony Assurance Inc. (“Sony Assurance”), Sony Bank Inc. (“Sony Bank”), Sony Lifecare Inc. (“Sony Lifecare”
Slide 3: Overview of Sony Financial Group (SFG)
Overview of Sony Financial Group (SFG) Structural Diagram Net income and ROE Common to FY19~23 : Sony Bank : SFG consolidated net income Partial spin-off in October 2025, : Sony Assurance after which SGC will have a less than 20% interest in SFGI FY19~21 FY22~23 : Sony Life : Net income (adjusted fo
Slide 4: Characteristics of Each Subsidiary
Characteristics of Each Subsidiary Life insurance business Non-life insurance business Banking business Business overview and Lifeplanner (“LP”) Agencies characteristics Online banking Mortgage loans sales specialists Direct channel Online banking & Mortgage loans with Highly productive sales channe
Slide 5: Targets and Shareholder Return Policy
Targets and Shareholder Return Policy At the time of our planned listing in October 2025, we intend to apply J-GAAP. We plan to transition to IFRS in FY26 120 billion yen (FY26) 10%+ (FY26) 165~235% Adjusted net income (IFRS 17 basis) Adjusted ROE (IFRS 17 basis) Group consolidated ESR1 (billion y
Slide 6: Group Highlights
1 Group Highlights 2 Overview of SFG's Mid-Range Plan
Slide 7: Group Highlights
Group Highlights Stable Profit Growth at Sony Life Sony Direct/Online-focused “Sony Financial Assurance” and “Sony Bank” Group Robust Financial Base and Proactive Shareholder Return Policy
Slide 8: Group Highlights
1 Group Highlights 1-1 Stable Profit Growth at Sony Life Direct/Online-focused 1-2 “Sony Assurance” and “Sony Bank” 1-3 Robust Financial Base and Proactive Shareholder Return Policy 2 Overview of SFG's Mid-Range Plan
Slide 9: Sony Life | Foundation for Stable Profit Growth in the Group
Sony Life | Foundation for Stable Profit Growth in the Group Adjusted net income has been around 90.0 billion yen, except for FY23, when hedge costs increased due to rising U.S. short-term interest rates Annualized premiums and NBV have been all on a steady upward trend. New business margin has
Slide 10: Sony Life | Expansion of Market Share through Channel x Target Customer Strategy
Sony Life | Expansion of Market Share through Channel x Target Customer Strategy Provided optimal services to families through the mainstay LP channel. Also succeeded in developing the corporate market through both LP and agency channels Market share steadily increased due to the success of vari
Slide 11: Sony Life | Highly Competitive LP Channel
Customer Channel System & Sales support Product Sony Life | Highly Competitive LP Channel Strengthened not only the segment of individuals, which is the core segment, but also the segment of corporates Number of Lifeplanner sales specialists, which is a source of growth, steadily increased. Life
Slide 12: Sony Life | Advanced System Supporting LP and Agency Channels
Customer Channel System & Sales support Product Sony Life | Advanced System Supporting LP and Agency Channels Sony Group and Sony Life jointly developed an advanced system to support consulting in the LP and agency channels By utilizing the system, service quality and the productivity of the LP
Slide 13: Sony Life | Growth Potential of the Agency Channel
Customer Channel System & Sales support Product Sony Life | Growth Potential of the Agency Channel Implemented a strengthened approach to agencies with a strong channel to corporates, contributing to strong performance in the previous Mid-Range Plan In addition to the hiring of Agency supporters
Slide 14: Sony Life | Optimize Agency Sales Activities using Data Analysis
Customer Channel System & Sales support Product Sony Life| Optimize Agency Sales Activities using Data Analysis “Sales Optimization Project” Build an improvement cycle of sales activities by analyzing sales behavior of Agency supporters and agents, and visualizing and standardizing sales activitie
Slide 15: Sony Life | Transformation to a More Profitable Product Mix
Customer Channel System & Sales support Product Sony Life | Transformation to a More Profitable Product Mix through an Agile Product Strategy Reduced sales of whole life insurance and other capital-intensive products, and shift to sales of capital-light savings- type and protection-type products P
Slide 16: Group Highlights
1 Group Highlights 1-1 Stable Profit Growth at Sony Life Direct/Online-focused 1-2 “Sony Assurance” and “Sony Bank” 1-3 Robust Financial Base and Proactive Shareholder Return Policy 2 Overview of SFG's Mid-Range Plan
Slide 17: Sony Assurance | Direct Non-Life Insurance Maintaining Stable Growth and High Profitability
Sony Assurance | Direct Non-Life Insurance Maintaining Stable Growth and High Profitability Centered on direct auto insurance, Sony Assurance’s direct premiums written have grown steadily Profits increased from FY20 to FY22 due to a decrease in automobile accidents during the COVID-19 pandemic.
Slide 18: Sony Assurance | Driving Growth of Auto Insurance Market while Maintaining High Profitability
Sony Assurance | Driving Growth of Auto Insurance Market while Maintaining High Profitability Sony Assurance currently has the No. 1 market share in direct auto insurance market and is expanding its market share Brand recognition from leveraging the Sony brand and a high level of customer satisf
Slide 19: Sony Assurance | Brand Strength and High-Quality Service
Sony Assurance | Brand Strength and High-Quality Service Underpinning Profitability of Auto Insurance Business Sony Assurance’s high brand recognition derived from the Sony brand and high service quality with the No. 1 customer satisfaction rating are sources of its competitive advantage Outstandi
Slide 20: Sony Bank | Online Banking with High Customer Satisfaction
Sony Bank | Online Banking with High Customer Satisfaction Profits grew steadily and profitability also improved. Achieved No. 1 customer satisfaction rating for mainstay mortgage loans and foreign currency deposits Net Income and ROE (Non-consolidated) Customer Satisfaction in Core Businesses Ded
Slide 21: Sony Bank | Breakdown of Core Businesses
Sony Bank | Breakdown of Core Businesses Yen business secured stable profit due to a steady increase in the mortgage loan balance amid the persisting low interest rate environment in FY19-FY23 Foreign currency business increased revenues due to successful asset management in response to rising i
Slide 22: Sony Bank | Strengths of Core Businesses
Sony Bank | Strengths of Core Businesses Currently, strong customer base for both mortgage loans and yen deposits (evaluated based on factors such as low default rate and high deposit balance per account) Foreign currency deposit balances has been steadily increasing, which is leading to the exp
Slide 23: Group Highlights
1 Group Highlights 1-1 Stable Profit Growth at Sony Life Direct/Online-focused 1-2 “Sony Assurance” and “Sony Bank” Robust Financial Base and Proactive Shareholder 1-3 Return Policy 2 Overview of SFG's Mid-Range Plan
Slide 24: Investment Portfolio of Primarily Bonds based on ALM Strategy
Investment Portfolio of Primarily Bonds based on ALM Strategy ALM strategy is being promoted to attempt to maintain an appropriate level of soundness, and the majority of the assets under management are managed conservatively in yen-denominated interest-bearing assets centered on bonds The durat
Slide 25: Risk Profile and Risk Reduction Status
Risk Profile and Risk Reduction Status The economic value-based risk profile continues to be centered on insurance risk However, due to hedging interest rate risk through the purchase of super long-term bonds during the low-interest-rate environment, the recent rise in interest rates has gradual
Slide 26: Robust Capital Base
Robust Capital Base High level of soundness, with sufficient ESR level even in the scenario of a 50bp interest rate increase The high sensitivity of ESR to interest rates is recognized as a metric that needs improvement Group Consolidated ESR, Capital and Risk Sony Life Non-Consolidated ESR, Cap
Slide 27: ESR Sensitivity Reduction Initiatives
Initiatives to Reduce ESR Sensitivity (including those under consideration) Allowance for New Policies Product Portfolio Utilization of Flow Allowance for Blocks of Transformation Reinsurance Policies in Force Aim to promote sales of variable annuities (no minimum guarantee), primarily Ceding ne
Slide 28: Group Capital Strategy
Group Capital Strategy Aim for stable growth in profits and shareholder returns by achieving both profitability and soundness through cyclical ERM Control cash management and optimize capital distribution through the holding company Cash accumulation Profit Proactive shareholder Centralized cash
Slide 29: Mid-Range Plan at a Glance
1 Group Highlights 2 Mid-Range Plan at a Glance 2-1 Long-term Vision 2-2 Overall Growth Strategy 2-3 Growth of Existing Business "Exploitation" 2-4 Cross-group Initiatives for Further Growth "Exploration"
Slide 30: Sony Financial Group Core Concept
Sony Financial Group Core Concept In the era of the 100-year lifespan, Live True to Yourself Filled with Emotion Kando for Life Sustainably Increase Corporate Value Financial Well-Being Energy and Vibrance Asset Health Customer-Focused Business Supporting Your Best Life for Life for Life In the era
Slide 31: Sony Financial Group Objective
Sony Financial Group Objective With the ability to stay close to people and the power of technology Kando To enrich your life through moving experiences for Life Asset for Life To protect and sustain desired lifestyles Health To ensure vibrance for life for Life We continue to be a supportive presen
Slide 32: Mid-Range Plan at a Glance
1 Group Highlights 2 Mid-Range Plan at a Glance 2-1 Long-term Vision 2-2 Overall Growth Strategy 2-3 Growth of Existing Business "Exploitation" 2-4 Cross-group Initiatives for Further Growth "Exploration"
Slide 33: Overall Growth Strategy of Mid-Range Plan
Overall Growth Strategy of Mid-Range Plan Initiatives based on “Exploitation” and “Exploration” in “Ambidextrous management” We aim for sustainable growth of corporate value through further development of existing businesses and cross-group initiatives ~ FY30 Mid-Range Plan (FY24-26) Ⅱ "Explorat
Slide 34: Mid-Range Plan at a Glance
1 Group Highlights 2 Mid-Range Plan at a Glance 2-1 Long-term Vision 2-2 Overall Growth Strategy 2-3 Growth of Existing Business "Exploitation" 2-4 Cross-group Initiatives for Further Growth "Exploration"
Slide 35: Sustainable Organic Growth of Sony Life
Sustainable Organic Growth of Sony Life Aim to continue enhancing the Lifeplanner productivity (Maintaining high productivity x Expansion of the Lifeplanner team) Aim to expand value delivery to Corporates, Mass Affluent, and Pre-seniors and Seniors, in addition to Families, our core customer se
Slide 36: Sustainable Organic Growth of Sony Assurance and Sony Bank
Sustainable Organic Growth of Sony Assurance and Sony Bank 1 Auto insurance | Targeting prospective customers 1 Mortgage loan | Business structure strengthening Strengthen the acquisition of customers from major non-life insurers Advance strategic product, channel, and interest rate strategies t
Slide 37: Mid-Range Plan at a Glance
1 Group Highlights 2 Mid-Range Plan at a Glance 2-1 Long-term Vision 2-2 Overall Growth Strategy 2-3 Growth of Existing Business "Exploitation" 2-4 Cross-group Initiatives for Further Growth "Exploration"
Slide 38: Extension of Customer Segments
Extension of Customer Segments We aim to expand our customer base by reaching new segments around Younger Generation, Mass Affluent (corporate owners), and Pre-senior and Seniors as well as continuing to target Families Customer segment map of whole industry1 Customer segment map of Sony Life1 2 Mas
Slide 39: Strategies and Principles for each Customer Segment
Strategies and Principles for each Customer Segment（①～③） Incorporate into SFG’s customer base by adopting an efficient approach for each target customer segment 1 Younger Generation 2 Mass Affluent 3 Pre-seniors and Seniors Non-financial contacts with Younger By expanding Hoken Seisakusho with Pro
Slide 40: Strengthen collaboration with the Sony Group
Strengthen collaboration with the Sony Group ④ Aim to further strengthen group collaboration through Brand and Technology Aim to create a seamless customer experience from non-financial to financial by inter-business collaboration mainly on entertainment Brand Technology Increase personalized valu
Slide 41: Appendix | Sony Financial Group
Appendix | Sony Financial Group 41
Slide 42: Directors Skill Matrix
Directors Skill Matrix Experiences and expertise particularly expected of each director1 Legal, Compliance, Directors Title Management Finance Accounting and risk IT・Digital Sustainability Global management Toshihide Endo President & CEO, Representative Director ✓ ✓ ✓ ✓ ✓ ✓ Kazuhiro Yamada Senior Ma
Slide 43: Efforts on Compliance Enhancement
Efforts on Compliance Enhancement Details of Efforts on Compliance Enhancement (Sony Life) Strengthening of management system for sales representatives Stricter hiring standards, introduction of head office Strengthening the system for direct confirmation from the head office interviews to the custo
Slide 44: Sustainability at Sony Financial Group
Sustainability at Sony Financial Group Customer-Focused Business Operation People Employee Empowerment Thorough Fiduciary Duty and Engagement Deepening Lifeplanner Human Capital Management Sales Specialists’ Activities Human Rights Enhancement of A Society Financial Education Where Everybody Shines
Slide 45: SFG's Talent Philosophy
SFG’s Talent Philosophy Partnership between employees and SFG Value creation through contribution and challenge Employees Company (SFG) Supporting employees’ true self Standing by others Praising “having tried” Starting with “give it a try” Helping employees fulfill their “wants” Fulfilling “wants”
Slide 46: SFGI's Dividend History
SFGI’s Dividend History Trends of Dividends (billion yen) September 2020: SGC made Sony Financial Holdings (current SFGI), its wholly-owned subsidiary 50.0 41.3 39.1 30.4 26.0 27.1 23.9 23.9 17.3 13.0 10.8 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Number of Outstanding Shares excluding
Slide 47: SFG's Customer Data-sharing Base
SFG’s Customer Data-sharing Base To further expand SFG’s customer base, we aim to promote mutual customer referrals among SFG companies through a thorough understanding and analysis of multi-contract holders Steps toward Developing Customer Data-sharing Base Vision for SFG Customer Data-sharing Ba
Slide 48: Synergies through Collaboration within SFG
Synergies through Collaboration within SFG Number of Auto Insurance Sales by Lifeplanner sales specialists Mortgage Loan Balance by Lifeplanner sales specialists (billion yen) (signed contract basis) : Percentage of the number of auto insurance sales : Percentage of the mortgage loan balance by Life
Slide 49: Overview of Temporary Special Treatment in Japan for Partial Spin-Offs
Overview of Temporary Special Treatment in Japan for Partial Spin-Offs In a spin-off in which a portion of the equity interest (less than 20%) of the corporation being spun off remains in the corporation implementing the spin-off (partial spin-off), a special treatment to defer taxation on sharehold
Slide 50: Tax Qualification Requirements for Partial Spin-Offs
Tax Qualification Requirements for Partial Spin-Offs (Under the 2023 Japanese tax reform) A partial spin-off in which the corporation implementing the spin-off retains a portion (less than 20%) of its interest in its wholly owned subsidiary being spun off is tax-qualified if it meets the below liste
Slide 51: Appendix | Financial Information of OpCo
Appendix | Financial Information of OpCo 51
Slide 52: Overview of Sony Life: Profit Indicators, Lapse and Surrender Rates
Sony Life Sony Assurance Sony Bank Others －Non-consolidated, Japanese Accounting Standard (J-GAAP)－ Overview of Sony Life: Profit Indicators, Lapse and Surrender Rates, and Operating Expense Rates Ordinary revenues Ordinary profit (billion yen) (billion yen) 3,180.9 95.3 87.0 1,945.1 2,023.5 1,904.4
Slide 53: Overview of Sony Life: Policies in Force
Sony Life Sony Assurance Sony Bank Others －Non-consolidated－ Overview of Sony Life: Policies in Force Amount of Policies in Force and Number of Policies in Force1 Annualized Premiums from Policies in Force1 Amount of Policies in Force (trillion yen) Annualized Premiums from Policies in Force (billio
Slide 54: Overview of Sony Life: New Policies
Sony Life Sony Assurance Sony Bank Others －Non-consolidated－ Overview of Sony Life: New Policies New Policy Amount and Number of New Policies1 Annualized Premiums from New Policies1 New Policy Amount (trillion yen) Annualized Premiums from New Policies (billion yen) Third Sector Number of New Polici
Slide 55: Overview of Sony Life: Financial Base
Sony Life Sony Assurance Sony Bank Others －Non-consolidated－ Overview of Sony Life: Financial Base Economic Value-based Embedded Value1 Solvency Margin Ratio (J-GAAP) Adjusted Net Worth Value of Existing Business Solvency Margin Ratio (billion yen) 1,876.4 2,476.3% 2,126.6% 2,191.1% 2,007.0 2,046.1%
Slide 56: Overview of Sony Life: Investment Profile
Sony Life Sony Assurance Sony Bank Others －Non-consolidated, Japanese Accounting Standard (J-GAAP)－ Overview of Sony Life: Investment Profile Breakdown of General Account Assets1 Investment Yield and Average Assumed Interest Rate Domestic Bonds Foreign Bonds Investment Yield for Core Profit (General
Slide 57: Breakdown of Sony Life's Pre-tax CSM Movement
Sony Life Sony Assurance Sony Bank Others －Non-consolidated, International standards (IFRS)－ Breakdown of Sony Life’s Pre-tax CSM Movement (billion yen) Opening CSM Balance New Business CSM CSM Release Other Closing CSM balance 364 (151) 292 (151) (158) (55) 2,089 2,035 2,035 6.7% 1,948 6.9% CSM Rel
Slide 58: Overview of Sony Assurance: Auto insurance
Sony Life Sony Assurance Sony Bank Others －Non-consolidated, Japanese Accounting Standard (J-GAAP)－ Overview of Sony Assurance: Auto insurance Combined Ratio Direct Premiums Written (billion yen) Loss ratio Expense ratio 87.6% 136.3 85.4% 84.5% 128.5 79.6% 78.8% 124.3 116.2 25.5% 25.6% 25.5% 107.6 2
Slide 59: Overview of Sony Assurance: Financial base
Sony Life Sony Assurance Sony Bank Others －Non-consolidated, Japanese Accounting Standard (J-GAAP)－ Overview of Sony Assurance: Financial base Non-consolidated ESR Non-consolidated Solvency Margin Ratio (billion yen) 1 (billion yen) Economic Value-based Capital Total Solvency Margin The Risk Amount
Slide 60: Overview of Sony Bank: Number of Accounts, Balance of Deposits
Sony Life Sony Assurance Sony Bank Others －Non-consolidated, Japanese Accounting Standard (J-GAAP)－ Overview of Sony Bank: Number of Accounts, Balance of Deposits Number of Accounts Balance of Deposits (10 thousand) (billion yen) 4,079.6 193 614.7 3,490.9 178 3,171.2 166 501.1 158 2,839.3 150 457.7
Slide 61: Overview of Sony Bank: Core Capital
Sony Life Sony Assurance Sony Bank Others －Non-consolidated, Japanese Accounting Standard (J-GAAP)－ Overview of Sony Bank: Core Capital Capital Adequacy Ratio (Non-consolidated) FY23 Capital Adequacy Details (Non-consolidated) (million yen) Mar. 2024 Directly issued qualifying common stock or prefer
Slide 62: Sony Life Communications Hoken Seisakusho Overview
Sony Life Sony Assurance Sony Bank Others Sony Life Communications “Hoken Seisakusho” Overview Business Overview Branch Development Agencies (Life insurance, Non-life insurance) 10 Branches in Major Cities in Japan Sapporo, Sendai, Tokyo, Yokohama, Nagoya, Kyoto, Operation of New Experience-
Slide 63: Sony Lifecare (Nursing Care Business) Overview
Sony Life Sony Assurance Sony Bank Others Sony Lifecare (Nursing Care Business) Overview “Sony Lifecare” (HoldCo) and “Lifecare Design” (OpCo) / “Proud Life” (OpCo) Operating 44 facilities with a total of 2,487 rooms, serving upper-middle-class and volume-class elderly residents (as of March 31, 2
Slide 64: Appendix | Financial Statement
Appendix | Financial Statement 64
Slide 65: Overview of SFGI: Financial Statement (IFRS)
SFGI Sony Life Sony Assurance Sony Bank －Consolidated, International standards (IFRS)－ Overview of SFGI: Financial Statement (IFRS) Consolidated Balance Sheets Consolidated Statements of Income (million yen) (million yen) (million yen) Assets FY22 FY23 Liabilities and Equity FY22 FY23 FY22 FY23 Curr
Slide 66: SFGI: Financial Statement (J-GAAP)
SFGI Sony Life Sony Assurance Sony Bank －Consolidated, Japanese Accounting Standard (J-GAAP)－ SFGI: Financial Statement (J-GAAP) Consolidated Balance Sheets (million yen) (million yen) Assets FY22 FY23 Liabilities FY22 FY23 Cash and due from banks 696,193 824,905 Policy reserves and others 13,446,82
Slide 67: SFGI: Financial Statement (J-GAAP)
SFGI Sony Life Sony Assurance Sony Bank －Consolidated, Japanese Accounting Standard (J-GAAP)－ SFGI: Financial Statement (J-GAAP) Consolidated Statements of Income (million yen) FY22 FY23 (million yen) FY22 FY23 (million yen) FY22 FY23 Ordinary Revenues 2,137,696 3,450,300 Ordinary Expenses 2,015,325
Slide 68: Overview of Sony Life: Financial Statement (IFRS)
SFGI Sony Life Sony Assurance Sony Bank －Non-consolidated, International standards (IFRS)－ Overview of Sony Life: Financial Statement (IFRS) Statements of Income (million yen) FY22 FY23 Insurance revenue 420,951 445,729 CSM1 release 150,723 151,032 Risk adjustment release 23,114 26,434 Expected clai
Slide 69: Overview of Sony Life: Financial Statement (J-GAAP)
SFGI Sony Life Sony Assurance Sony Bank －Non-consolidated, Japanese Accounting Standard (J-GAAP)－ Overview of Sony Life: Financial Statement (J-GAAP) Balance Sheets Statements of Income (million yen) (million yen) Assets FY22 FY23 Liabilities FY22 FY23 FY22 FY23 FY22 FY23 Cash and deposits 211,447 3
Slide 70: Overview of Sony Assurance: Financial Statement (J-GAAP)
SFGI Sony Life Sony Assurance Sony Bank －Non-consolidated, Japanese Accounting Standard (J-GAAP)－ Overview of Sony Assurance: Financial Statement (J-GAAP) Balance Sheets Statement of Income (million yen) (million yen) Assets FY22 FY23 Liabilities FY22 FY23 FY22 FY23 31,731 24,290 Policy liabilities
Slide 71: Overview of Sony Bank: Financial Statement (J-GAAP)
SFGI Sony Life Sony Assurance Sony Bank －Non-consolidated, Japanese Accounting Standard (J-GAAP)－ Overview of Sony Bank: Financial Statement (J-GAAP) Balance Sheets Statements of Income (million yen) (million yen) Assets FY22 FY23 Liabilities FY22 FY23 FY22 FY23 Cash and due from Deposits 3,490,971
Slide 72: Main Effects of Differences in Accounting Standards
Main Effects of Differences in Accounting Standards (Life Insurance Business: Profit Aspect) J-GAAP (Japanese GAAP, Statutory Accounting) [Illustration] When acquisition • Since the cost of acquiring new policies is recorded as a lump sum at the time of policy Generation of revenue of new policies i
Slide 73: Appendix | Definition of Non-GAAP Financial Measures
Appendix | Definition of Non-GAAP Financial Measures 73
Slide 74: Definitions of Adjusted Net Income and Adjusted ROE for SFGI (after FY22)
Definitions of Adjusted Net Income and Adjusted ROE for SFGI (after FY22) We decided to introduce “adjusted net income” and “adjusted ROE” as indicators to measure base earnings growth, excluding market fluctuations and one-time factors from net income SFG Consolidated Adjusted net income SFGI con
Slide 75: Definitions of Net Income (Adjusted for One-Time Items) and ROE for SFGI (FY19-FY21)
Definitions of Net Income (Adjusted for One-Time Items) and ROE (Adjusted for One-Time Items) for SFGI (FY19-FY21) SFG Consolidated SFGI consolidated net income – Adjustments for each entity Net income (adjusted for one-time items) Adjustments for each SFGI entity Sony Life (post-tax) Sony Assurance
Slide 76: SFGI's Reconciliations from Net Income to Adjusted Net Income
SFGI’s Reconciliations from Net Income to Adjusted Net Income FY19(US-GAAP) FY20(US-GAAP) FY21(IFRS4) FY22(IFRS17) FY23(IFRS17) Total Tax Total Tax Total Tax Total Tax Total Tax (Benefit) (Benefit) (Benefit) (Benefit) (Benefit) (billion yen) Pre-tax Charge, etc. After Tax Pre-tax Charge, etc. After
Slide 77: Definitions of Adjusted Net Income and Adjusted ROE for Three Core Subsidiaries
The Definitions of Adjusted Net Income and Adjusted ROE for Three Core Subsidiaries (after FY22) Sony Life, Sony Assurance, Sony Bank (non-consolidated basis) Non-consolidated net income － Adjustments for each entity Adjusted net income Adjustments for each Sony Life Investment income (net) related
Slide 78: Definitions of Net Income (adjusted for one-time items) for Three Core Subsidiaries
The Definitions of Net Income (adjusted for one-time items) and ROE (adjusted for one-time items) for Three Core Subsidiaries (FY19-FY21) Sony Life, Sony Assurance, Sony Bank (non-consolidated basis) Non-consolidated net income – Adjustments for each entity Net income (adjusted for one-time items) A
Slide 79: Sony Life, Sony Assurance, and Sony Bank's Reconciliations to Adjusted Net Income
Sony Life, Sony Assurance, and Sony Bank’s Reconciliations from Net Income to Adjusted Net Income FY19(US-GAAP) FY20(US-GAAP) FY21(IFRS4) FY22(IFRS17) FY23(IFRS17) Total Tax Total Tax Total Tax Total Tax Total Tax Sony Life (Benefit) (Benefit) (Benefit) (Benefit) (Benefit) (billion yen) Pre-tax Char
Slide 80: SONY is a registered trademark of Sony Group Corporation
SONY is a registered trademark of Sony Group Corporation. Names of Sony products and services are the registered trademarks and/or trademarks of Sony Group Corporation or its affiliates. Other company names and product names are registered trademarks and/or trademarks of the respective companies.
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