Sony Financial Holdings (Consolidated)
FY2016 (fiscal year ended Mar. 31, 2017) Consolidated Operating Results and FY2017 (fiscal year ending Mar. 31, 2018) Forecast of Consolidated Financial Results
- In FY2016, amid an environment of ultralow interest rates, we expeditiously introduced measures to improve profitability, and all three businesses steadily expanded their business scale. Consolidated ordinary revenues increased year on year, owing to increases in ordinary revenues from all the businesses: life insurance business, non-life insurance and banking businesses. Consolidated ordinary profit decreased year on year, owing to decreases in ordinary profit from the life insurance and the banking businesses, whereas ordinary profit from the non-life insurance business increased. Profit attributable to owners of the parent was down year on year, due to the decrease in consolidated ordinary profit.
- In FY2017, we forecast that all three businesses will expand their business scale, but expect ordinary profit to be flat. Consolidated ordinary revenues are expected to increase in all the businesses. Consolidated ordinary profit is expected to be almost flat year on year, as ordinary profit in the life insurance business is likely to be flat, while the ordinary profit in the banking business in the banking business is expected to increase. Similarly to the ordinary profit, profit attributable to owners of the parent is expected to be almost flat compared with the preceding fiscal year. (As of May 15, 2017)
|For the years ended March 31|
|Ordinary revenues (Billions of yen)||1,259.0||1,320.4 **||1,352.3||1,362.0||1,381.6||1,430.0|
|Ordinary profit (Billions of yen)||79.2||76.1||90.0||71.1||66.3||67.0|
|Profit attributable to owners of the parent *** (Billions of yen)||45.0||40.5||54.4||43.3||41.6||42.0|
|As of March 31|
|Total assets (Billions of yen)||8,096.1||8,841.3||9,545.8||10,352.1||11,471.8||-|
* Figures less than the indicated unit have been truncated.
** Banking business revised its method of recording ordinary revenues and ordinary expenses on hedge transactions from FY2014. Ordinary revenues for FY2013 have been retroactively adjusted to reflect the change. Consequently, consolidated ordinary revenues for FY2013 have been revised from ¥1,319.7 billion to ¥1,320.4 billion.
*** Starting FY2015, the figures previously reported as "Net income" are stated as "Profit attributable to owners of the parent" in accordance with the Accounting Standard for Business Combinations (ASBJ Statement No. 21, on Sep. 13, 2013) and the related revision.
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