Insurance contracts in the financial services business (Tables)
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12 Months Ended |
Mar. 31, 2026 |
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| Disclosure Of Methods And Main Inputs Used To Measure Insurance Contracts [Abstract] |
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| Summary of methods and main inputs used to measure insurance contracts explanatory |
The methods and main inputs used to measure insurance contracts are as follows:
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Mortality rates |
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1.03 |
% |
Lapse and surrender rates |
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3.80 |
% |
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| Summary of the yield curves used to discount the cash flows of insurance contracts |
The table below sets out the yield curves used to discount the cash flows of insurance contracts for major currencies (converted at the spot rate). As a result of the execution of the Partial Spin-off of the Financial Services business, accumulated other comprehensive income related to insurance finance income (expenses) at the time of the execution was transferred to net income (loss) from discontinued operations as a loss in the consolidated statements of income. Therefore, yield curves are presented as of September 30, 2025.
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Term |
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1 year |
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0.65 |
% |
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4.09 |
% |
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0.81 |
% |
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3.68 |
% |
5 years |
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1.13 |
% |
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4.01 |
% |
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1.26 |
% |
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3.81 |
% |
10 years |
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1.54 |
% |
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4.31 |
% |
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1.70 |
% |
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4.27 |
% |
20 years |
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2.34 |
% |
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4.83 |
% |
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2.82 |
% |
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5.00 |
% |
30 years |
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2.69 |
% |
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4.68 |
% |
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3.47 |
% |
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4.92 |
% |
40 years |
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3.02 |
% |
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4.29 |
% |
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3.91 |
% |
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4.50 |
% |
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| Summary of changes in liabilities for remaining coverage and liabilities for incurred claims |
| (a) |
Changes in liabilities for remaining coverage and liabilities for incurred claims |
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Liability for remaining coverage |
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Liability for incurred claims *5 |
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Balance as of April 1, 2024 |
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Insurance contract assets *1 |
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(90,377 |
) |
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- |
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33,402 |
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(56,975 |
) |
Insurance contract liabilities *2*3 |
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12,900,023 |
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55,333 |
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138,983 |
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13,094,339 |
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Net amounts |
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12,809,646 |
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55,333 |
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172,385 |
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13,037,364 |
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Insurance revenue |
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(622,959 |
) |
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- |
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- |
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(622,959 |
) |
Insurance service expenses |
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Incurred claims and other insurance service expenses |
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- |
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(5,882 |
) |
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304,059 |
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298,177 |
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Amortization of insurance acquisition cash flows |
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134,818 |
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- |
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- |
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134,818 |
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Changes in liabilities for incurred claims |
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- |
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- |
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5,661 |
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5,661 |
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Losses and reversals of losses on onerous contracts |
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- |
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14,276 |
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- |
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14,276 |
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Total insurance service expenses |
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134,818 |
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8,394 |
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309,720 |
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452,932 |
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Insurance service result |
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(488,141 |
) |
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8,394 |
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309,720 |
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(170,027 |
) |
Insurance finance expenses (income) |
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(631,892 |
) |
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(498 |
) |
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(2,415 |
) |
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(634,805 |
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Total amounts recognized in comprehensive income |
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(1,120,033 |
) |
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7,896 |
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307,305 |
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(804,832 |
) |
Investment component excluded from insurance revenue and insurance service expenses |
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(992,966 |
) |
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- |
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992,966 |
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- |
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Cash flows |
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Premiums received |
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2,056,493 |
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- |
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- |
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2,056,493 |
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Insurance acquisition cash flows |
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(167,299 |
) |
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- |
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- |
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(167,299 |
) |
Claims and other insurance service expenses paid |
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- |
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- |
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(1,298,150 |
) |
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(1,298,150 |
) |
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Total cash flows |
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1,889,194 |
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- |
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(1,298,150 |
) |
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591,044 |
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Other |
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(68 |
) |
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(46 |
) |
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(539 |
) |
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(653 |
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Balance as of March 31, 2025 |
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Insurance contract assets *1 |
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(81,537 |
) |
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2 |
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33,820 |
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(47,715 |
) |
Insurance contract liabilities *2*3 |
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12,667,310 |
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63,181 |
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140,147 |
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12,870,638 |
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Net amounts |
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12,585,773 |
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63,183 |
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173,967 |
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12,822,923 |
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Insurance revenue |
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(332,024 |
) |
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- |
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- |
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(332,024 |
) |
Insurance service expenses |
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Incurred claims and other insurance service expenses |
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- |
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(3,215 |
) |
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152,470 |
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149,255 |
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Amortization of insurance acquisition cash flows |
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70,418 |
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- |
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- |
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70,418 |
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Changes in liabilities for incurred claims |
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- |
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- |
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1,327 |
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1,327 |
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Losses and reversals of losses on onerous contracts |
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- |
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10,950 |
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- |
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10,950 |
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Total insurance service expenses |
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70,418 |
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7,735 |
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153,797 |
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231,950 |
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Insurance service result |
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(261,606 |
) |
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7,735 |
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153,797 |
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(100,074 |
) |
Insurance finance expenses (income) |
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(141,098 |
) |
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(300 |
) |
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(118 |
) |
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(141,516 |
) |
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Total amounts recognized in comprehensive income |
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(402,704 |
) |
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7,435 |
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153,679 |
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(241,590 |
) |
Investment component excluded from insurance revenue and insurance service expenses |
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(444,430 |
) |
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- |
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444,430 |
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- |
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Premiums received |
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976,117 |
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- |
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- |
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|
976,117 |
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Insurance acquisition cash flows |
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(85,130 |
) |
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- |
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- |
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(85,130 |
) |
Claims and other insurance service expenses paid |
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- |
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- |
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(596,808 |
) |
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(596,808 |
) |
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Total cash flows |
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890,987 |
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- |
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(596,808 |
) |
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294,179 |
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Other |
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(2,186 |
) |
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1,159 |
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(81 |
) |
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(1,108 |
) |
Impact from loss of control of the Financial Services business *4 |
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(12,627,440 |
) |
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(71,777 |
) |
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(175,187 |
) |
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(12,874,404 |
) |
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Balance as of March 31, 2026 |
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Insurance contract assets |
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- |
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- |
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- |
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- |
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Insurance contract liabilities |
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- |
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- |
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- |
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- |
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Net amounts |
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- |
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- |
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- |
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- |
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*1 |
Insurance contract assets are included in other current assets or other non-current assets in the consolidated statements of financial position. |
*2 |
The current portion of insurance contract liabilities is included in other current liabilities in the consolidated statements of financial position. |
| *3 |
As of April 1, 2024 and March 31, 2025, the carrying amounts of the current portion of insurance contract liabilities were 162,344 million yen and 181,332 million yen, respectively, and the carrying amounts of the non-current portion of insurance contract liabilities were 12,931,995 million yen and 12,689,306 million yen, respectively. |
| *4 |
Amount as of the date of deconsolidation of SFGI, which operates the Financial Services business, resulting from the execution of the Partial Spin-off of the Financial Services business. |
| *5 |
Risk adjustment for non-financial risk of insurance contracts measured under the PAA is not presented separately from the estimates of the present value of future cash flows but included in liabilities for incurred claims, since the amount is not considered material. |
|
| Summary of changes in insurance contract liabilities from insurance contract not measured under the premium allocation approach |
| (b) |
Changes in insurance contract liabilities from insurance contracts not measured under the PAA by measurement component |
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Estimates of
present value
of future
cash flows |
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Risk adjustment for non-financial risk |
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| Balance as of April 1, 2024 |
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| Insurance contract assets |
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(291,878 |
) |
|
|
|
|
|
|
27,824 |
|
|
|
|
|
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|
207,079 |
|
|
|
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|
(56,975 |
) |
| Insurance contract liabilities |
|
|
10,697,166 |
|
|
|
|
|
|
|
388,658 |
|
|
|
|
|
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|
1,901,009 |
|
|
|
|
|
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|
12,986,833 |
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| Net amounts |
|
|
10,405,288 |
|
|
|
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|
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|
416,482 |
|
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2,108,088 |
|
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|
12,929,858 |
|
| Changes that relate to future service |
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| Changes in estimates that adjust the CSM |
|
|
276,707 |
|
|
|
|
|
|
|
10,662 |
|
|
|
|
|
|
|
(287,369 |
) |
|
|
|
|
|
|
- |
|
| Changes in estimates that do not adjust the CSM |
|
|
11,762 |
|
|
|
|
|
|
|
746 |
|
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|
|
|
|
|
- |
|
|
|
|
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|
12,508 |
|
| Effect of contracts initially recognized during the period |
|
|
(431,801 |
) |
|
|
|
|
|
|
44,335 |
|
|
|
|
|
|
|
389,234 |
|
|
|
|
|
|
|
1,768 |
|
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|
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|
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|
| Total changes that relate to future service |
|
|
(143,332 |
) |
|
|
|
|
|
|
55,743 |
|
|
|
|
|
|
|
101,865 |
|
|
|
|
|
|
|
14,276 |
|
| Changes that relate to current service |
|
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| CSM recognized in profit or loss for the services provided |
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
(151,025 |
) |
|
|
|
|
|
|
(151,025 |
) |
Change in risk adjustment for non-financial risk due to release of risk |
|
|
- |
|
|
|
|
|
|
|
(28,681 |
) |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
(28,681 |
) |
| Experience adjustments |
|
|
656 |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
656 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total changes that relate to current service |
|
|
656 |
|
|
|
|
|
|
|
(28,681 |
) |
|
|
|
|
|
|
(151,025 |
) |
|
|
|
|
|
|
(179,050 |
) |
| Changes that relate to past service |
|
|
6 |
|
|
|
|
|
|
|
(6 |
) |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Insurance service result |
|
|
(142,670 |
) |
|
|
|
|
|
|
27,056 |
|
|
|
|
|
|
|
(49,160 |
) |
|
|
|
|
|
|
(164,774 |
) |
| Insurance finance expenses (income) |
|
|
(661,734 |
) |
|
|
|
|
|
|
(2,250 |
) |
|
|
|
|
|
|
30,155 |
|
|
|
|
|
|
|
(633,829 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total amounts recognized in comprehensive income |
|
|
(804,404 |
) |
|
|
|
|
|
|
24,806 |
|
|
|
|
|
|
|
(19,005 |
) |
|
|
|
|
|
|
(798,603 |
) |
| Cash flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Premiums received |
|
|
1,894,792 |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
1,894,792 |
|
| Insurance acquisition cash flows |
|
|
(151,614 |
) |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
(151,614 |
) |
| Claims and other insurance service expenses paid |
|
|
(1,179,036 |
) |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
(1,179,036 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total cash flows |
|
|
564,142 |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
564,142 |
|
| Other |
|
|
2,883 |
|
|
|
|
|
|
|
643 |
|
|
|
|
|
|
|
(1,334 |
) |
|
|
|
|
|
|
2,192 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Insurance contract assets |
|
|
(245,602 |
) |
|
|
|
|
|
|
24,501 |
|
|
|
|
|
|
|
173,386 |
|
|
|
|
|
|
|
(47,715 |
) |
| Insurance contract liabilities |
|
|
10,413,511 |
|
|
|
|
|
|
|
417,430 |
|
|
|
|
|
|
|
1,914,363 |
|
|
|
|
|
|
|
12,745,304 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net amounts |
|
|
10,167,909 |
|
|
|
|
|
|
|
441,931 |
|
|
|
|
|
|
|
2,087,749 |
|
|
|
|
|
|
|
12,697,589 |
|
| Changes that relate to future service |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Changes in estimates that adjust the CSM |
|
|
14,984 |
|
|
|
|
|
|
|
47,569 |
|
|
|
|
|
|
|
(62,553 |
) |
|
|
|
|
|
|
- |
|
| Changes in estimates that do not adjust the CSM |
|
|
6,908 |
|
|
|
|
|
|
|
2,569 |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
9,477 |
|
| Effect of contracts initially recognized during the period |
|
|
(177,699 |
) |
|
|
|
|
|
|
21,537 |
|
|
|
|
|
|
|
157,636 |
|
|
|
|
|
|
|
1,474 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total changes that relate to future service |
|
|
(155,807 |
) |
|
|
|
|
|
|
71,675 |
|
|
|
|
|
|
|
95,083 |
|
|
|
|
|
|
|
10,951 |
|
| Changes that relate to current service |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CSM recognized in profit or loss for the services provided |
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
(79,908 |
) |
|
|
|
|
|
|
(79,908 |
) |
Change in risk adjustment for non-financial risk due to release of risk |
|
|
- |
|
|
|
|
|
|
|
(16,164 |
) |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
(16,164 |
) |
| Experience adjustments |
|
|
(7,549 |
) |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
(7,549 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total changes that relate to current service |
|
|
(7,549 |
) |
|
|
|
|
|
|
(16,164 |
) |
|
|
|
|
|
|
(79,908 |
) |
|
|
|
|
|
|
(103,621 |
) |
| Changes that relate to past service |
|
|
324 |
|
|
|
|
|
|
|
(5 |
) |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
319 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Insurance service result |
|
|
(163,032 |
) |
|
|
|
|
|
|
55,506 |
|
|
|
|
|
|
|
15,175 |
|
|
|
|
|
|
|
(92,351 |
) |
| Insurance finance expenses (income) |
|
|
(152,695 |
) |
|
|
|
|
|
|
(1,373 |
) |
|
|
|
|
|
|
12,465 |
|
|
|
|
|
|
|
(141,603 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total amounts recognized in comprehensive income |
|
|
(315,727 |
) |
|
|
|
|
|
|
54,133 |
|
|
|
|
|
|
|
27,640 |
|
|
|
|
|
|
|
(233,954 |
) |
| Cash flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Premiums received |
|
|
893,895 |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
893,895 |
|
| Insurance acquisition cash flows |
|
|
(77,407 |
) |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
(77,407 |
) |
| Claims and other insurance service expenses paid |
|
|
(520,614 |
) |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
(520,614 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total cash flows |
|
|
295,874 |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
295,874 |
|
| Other |
|
|
(12,883 |
) |
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
(1,207 |
) |
|
|
|
|
|
|
(14,090 |
) |
Impact from loss of control of the Financial Services business *1 |
|
|
(10,135,173 |
) |
|
|
|
|
|
|
(496,064 |
) |
|
|
|
|
|
|
(2,114,182 |
) |
|
|
|
|
|
|
(12,745,419 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of March 31, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Insurance contract assets |
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
| Insurance contract liabilities |
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net amounts |
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| *1 |
Amount as of the date of deconsolidation of SFGI, which operates the Financial Services business, resulting from the execution of the Partial Spin-off of the Financial Services business. |
|
| Summary of effect of insurance contracts initially recognized |
|
Effect of contracts initially recognized in the year | The table below shows the effect of contracts initially recognized during the fiscal year ended March 31, 2025 on measurement components of insurance contracts not measured under the PAA. As a result of the execution of the Partial Spin-off of the Financial Services business, SFGI, which operates the Financial Services business, has been excluded from consolidation. Therefore, figures are presented only for the fiscal year ended March 31, 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
Fiscal year ended March 31 |
|
| |
|
|
|
| |
|
Profitable
contracts
issued |
|
|
|
|
|
|
|
| Estimates of the present value of future cash outflows |
|
|
|
|
|
|
|
|
|
|
|
|
| Claims and other insurance service expenses |
|
|
2,227,649 |
|
|
|
6,376 |
|
|
|
2,234,025 |
|
| Insurance acquisition cash flows |
|
|
155,135 |
|
|
|
2,735 |
|
|
|
157,870 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total estimates of the present value of future cash outflows |
|
|
2,382,784 |
|
|
|
9,111 |
|
|
|
2,391,895 |
|
| Estimates of the present value of future cash inflows |
|
|
(2,816,078 |
) |
|
|
(7,618 |
) |
|
|
(2,823,696 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total estimates of the present value of future cash flows |
|
|
(433,294 |
) |
|
|
1,493 |
|
|
|
(431,801 |
) |
Risk adjustment for non-financial risk |
|
|
44,060 |
|
|
|
275 |
|
|
|
44,335 |
|
| CSM |
|
|
389,234 |
|
|
|
- |
|
|
|
389,234 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total effect on measurement components |
|
|
- |
|
|
|
1,768 |
|
|
|
1,768 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of timing of when the CSM |
|
Timing of when the CSM is expected to be recognized in profit or loss | The table below shows when Sony expects to recognize the CSM in profit or loss for insurance contracts not measured under the PAA as of March 31, 2025. As a result of the execution of the Partial Spin-off of the Financial Services business, SFGI, which operates the Financial Services business, has been excluded from consolidation. Therefore, figures are presented only as of March 31, 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| As of March 31, 2025 |
|
|
122,591 |
|
|
|
114,961 |
|
|
|
107,412 |
|
|
|
97,307 |
|
|
|
89,960 |
|
|
|
362,794 |
|
|
|
1,192,724 |
|
|
|
2,087,749 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of underlying items of insurance contracts measured under the variable fee approach and their fair values |
|
Underlying items of insurance contracts measured under the variable fee approach | The table below shows the underlying items of insurance contracts measured under the variable fee approach and their fair values as of March 31, 2025. As a result of the execution of the Partial Spin-off of the Financial Services business, SFGI, which operates the Financial Services business, has been excluded from consolidation. Therefore, figures are presented only as of March 31, 2025.
|
|
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
| Cash and cash equivalents |
|
|
35,235 |
|
| Debt securities |
|
|
|
|
| Japanese national/local government bonds and corporate bonds |
|
|
34,936 |
|
| Foreign national/local government bonds and corporate bonds |
|
|
478,751 |
|
| Equity securities |
|
|
2,375,201 |
|
| Other |
|
|
2,057 |
|
|
|
|
|
|
| Total fair values of the underlying items of insurance contracts measured under the variable fee approach |
|
|
2,926,180 |
|
|
|
|
|
|
|
| Summary of Insurance revenue and the CSM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
Fiscal year ended March 31 |
|
| |
|
|
|
| |
|
Contracts
measured
under the
modified
retrospective
approach at
transition |
|
|
Contracts
measured
under the
fair value
|
|
|
New contracts
and contracts
measured
under the full
retrospective
approach at
transition |
|
|
|
|
| CSM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Beginning balance of the fiscal year |
|
|
763,669 |
|
|
|
86,271 |
|
|
|
1,258,148 |
|
|
|
2,108,088 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Changes that relate to future service |
|
|
(89,828 |
) |
|
|
556 |
|
|
|
191,137 |
|
|
|
101,865 |
|
| Changes that relate to current service |
|
|
(55,642 |
) |
|
|
(7,020 |
) |
|
|
(88,363 |
) |
|
|
(151,025 |
) |
| Insurance finance expense (income) |
|
|
23,501 |
|
|
|
781 |
|
|
|
5,873 |
|
|
|
30,155 |
|
| Other |
|
|
(1,090 |
) |
|
|
- |
|
|
|
(244 |
) |
|
|
(1,334 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Ending balance of the fiscal year |
|
|
640,610 |
|
|
|
80,588 |
|
|
|
1,366,551 |
|
|
|
2,087,749 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of disclosure of changes in accumulated other comprehensive income for financial assets |
The table below shows the changes in accumulated other comprehensive income during the fiscal year ended March 31, 2025 for financial assets measured at fair value through other comprehensive income, among investment assets related to groups of insurance contracts to which Sony applied the modified retrospective approach or the fair value approach as of the date of the transition.
|
|
|
|
|
| |
|
|
|
| |
|
Fiscal year ended
March 31 |
|
| |
|
|
|
| Beginning balance of the fiscal year |
|
|
9,445 |
|
|
|
|
|
|
| Net change in fair value |
|
|
778,509 |
|
| Net amount reclassified to profit or loss |
|
|
1,142 |
|
| Related income tax |
|
|
(225,613 |
) |
|
|
|
|
|
| Ending balance of the fiscal year |
|
|
563,483 |
|
|
|
|
|
|
|
| Summary of insurance contracts financial instruments sensitivity analysis |
The table below shows the effects on net income before income taxes from discontinued operations and equity as of March 31, 2025 if the underlying assumptions of the insurance contracts and financial instruments which Sony has in the life insurance business had changed.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Changes in assumptions, etc. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rates |
|
50bp decrease |
|
|
(96,388 |
) |
|
|
(489,064 |
) |
|
|
98,806 |
|
|
|
620,061 |
|
|
|
2,418 |
|
|
|
130,997 |
|
|
|
50bp increase |
|
|
69,393 |
|
|
|
413,835 |
|
|
|
(87,517 |
) |
|
|
(546,554 |
) |
|
|
(18,124 |
) |
|
|
(132,719 |
) |
| Fair value of stocks |
|
10% decrease |
|
|
404,020 |
|
|
|
290,894 |
|
|
|
(412,232 |
) |
|
|
(297,160 |
) |
|
|
(8,212 |
) |
|
|
(6,266 |
) |
|
|
10% increase |
|
|
(407,812 |
) |
|
|
(293,625 |
) |
|
|
412,232 |
|
|
|
297,160 |
|
|
|
4,420 |
|
|
|
3,535 |
|
| Foreign exchange rates |
|
10% appreciation of the Yen |
|
|
539,518 |
|
|
|
366,832 |
|
|
|
(546,899 |
) |
|
|
(339,178 |
) |
|
|
(7,381 |
) |
|
|
27,654 |
|
|
|
10% depreciation of the Yen |
|
|
(543,155 |
) |
|
|
(369,450 |
) |
|
|
546,899 |
|
|
|
339,178 |
|
|
|
3,744 |
|
|
|
(30,272 |
) |
| Maintenance expenses rates |
|
10% increase |
|
|
(4,313 |
) |
|
|
(5,390 |
) |
|
|
- |
|
|
|
- |
|
|
|
(4,313 |
) |
|
|
(5,390 |
) |
| Lapse and surrender rates |
|
10% increase |
|
|
(23,254 |
) |
|
|
(34,971 |
) |
|
|
- |
|
|
|
- |
|
|
|
(23,254 |
) |
|
|
(34,971 |
) |
| Mortality rates (death protection) |
|
5% increase |
|
|
(4,838 |
) |
|
|
(4,710 |
) |
|
|
- |
|
|
|
- |
|
|
|
(4,838 |
) |
|
|
(4,710 |
) |
| Mortality rates (third sector / annuity products) |
|
5% increase |
|
|
960 |
|
|
|
(467 |
) |
|
|
- |
|
|
|
- |
|
|
|
960 |
|
|
|
(467 |
) |
| Morbidity rates |
|
5% increase |
|
|
(7,191 |
) |
|
|
(4,639 |
) |
|
|
- |
|
|
|
- |
|
|
|
(7,191 |
) |
|
|
(4,639 |
) | * bp = basis point
|
| Summary of the remaining undiscounted net cash flows |
The following table summarizes the estimated timing of the remaining undiscounted net cash outflows from insurance contract liabilities and investment contract liabilities and the contractual timing of the remaining undiscounted cash inflows arising from securities held in the insurance business as of March 31, 2025. The cash flows of insurance contract liabilities are based on assumptions regarding morbidity rates, mortality rates, and lapse rates, which are consistent with the estimates used for the carrying amounts.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Insurance contract liabilities and investment contract liabilities |
|
|
22,740,658 |
|
|
|
- |
|
|
|
64,000 |
|
|
|
95,151 |
|
|
|
157,008 |
|
|
|
246,745 |
|
|
|
288,630 |
|
|
|
21,889,124 |
|
| Securities held in the insurance business |
|
|
20,876,179 |
|
|
|
4,372,358 |
|
|
|
699,185 |
|
|
|
358,761 |
|
|
|
398,222 |
|
|
|
314,310 |
|
|
|
283,300 |
|
|
|
14,450,043 |
|
|
| Summary of amounts payable on demand |
The table below shows the amounts payable on demand from insurance contracts issued by Sony and the carrying amount of the related insurance contract portfolios. The amounts payable on demand represent the amount of the cash surrender value to be paid if the insurance contracts are surrendered as of March 31, 2025.
|
|
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
| Amounts payable on demand |
|
|
13,214,887 |
|
| Carrying amount |
|
|
12,642,981 |
|
|