Sony 2015 Annual Report Download - page 167
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SONY CORPORATION AND CONSOLIDATED SUBSIDIARIES
were 703 million yen, 32 million yen and 186 million yen, respectively, for the fiscal years ended March 31,
2014, 2015 and 2016. Included in the gross realized gains of available-for-sale securities is 46,757 million yen
from the sale of Olympus shares in the fiscal year ended March 31, 2016.
Marketable securities classified as trading securities, which consist of debt and equity securities held
primarily in the Financial Services segment, totaled 764,473 million yen and 799,241 million yen as of
March 31, 2015 and 2016, respectively. Sony recorded net unrealized gains of 59,137 million yen,
100,312 million yen for the fiscal years ended March 31, 2014 and 2015 and net unrealized losses of
45,841 million yen for the fiscal year ended March 31, 2016. Changes in the fair value of trading securities are
primarily recognized in financial services revenue in the consolidated statements of income.
In the ordinary course of business, Sony maintains long-term investment securities, included in securities
investments and other, issued by a number of non-public companies. The aggregate carrying amounts of the
investments in non-public companies as of March 31, 2015 and 2016 totaled 64,963 million yen and
71,750 million yen, respectively. Non-public equity investments are primarily valued at cost as fair value is not
readily determinable.
The following tables present the gross unrealized losses on, and fair value of, Sony’s investment securities
with unrealized losses, aggregated by investment category and the length of time that individual investment
securities have been in a continuous unrealized loss position, at March 31, 2015 and 2016.
Yen in millions
March 31, 2015
Less than 12 months 12 months or more Total
Fair
value
Unrealized
losses
Fair
value
Unrealized
losses
Fair
value
Unrealized
losses
Available-for-sale:
Debt securities:
Japanese national government bonds 24,699 (80) 372 — 25,071 (80)
Japanese local government bonds 3,772 (5) 1,702 (11) 5,474 (16)
Japanese corporate bonds 8,222 (7) — — 8,222 (7)
Foreign government bonds 4,607 (111) — — 4,607 (111)
Foreign corporate bonds 115,523 (887) 6,653 (55) 122,176 (942)
156,823 (1,090) 8,727 (66) 165,550 (1,156)
Equity securities 4,636 (730) 9 (11) 4,645 (741)
Held-to-maturity securities:
Japanese national government bonds 19,986 (103) — — 19,986 (103)
Total 181,445 (1,923) 8,736 (77) 190,181 (2,000)
F-33