Sony 2015 Annual Report Download - page 196

SONY CORPORATION AND CONSOLIDATED SUBSIDIARIES
The following table sets forth a summary of changes in the fair values of Japanese and foreign plans’ level 3
assets for the fiscal years ended March 31, 2015 and 2016:
Japanese plans
Yen in millions
Fair value measurement using significant unobservable inputs
(Level 3)
Private equity Hedge funds Real estate Total
Beginning balance at April 1, 2014 26,942 41,108 1,689 69,739
Return on assets held at end of year 5,642 5,796 (101) 11,337
Purchases, sales, and settlements, net — 33,133 4,373 37,506
Ending balance at March 31, 2015 32,584 80,037 5,961 118,582
Return on assets held at end of year 157 (3,593) 315 (3,121)
Purchases, sales, and settlements, net (889) (16,049) 1,039 (15,899)
Ending balance at March 31, 2016 31,852 60,395 7,315 99,562
Foreign plans
Yen in millions
Fair value measurement using significant
unobservable inputs (Level 3)
Corporate
bonds
Real estate
and other Total
Beginning balance at April 1, 2014 6,255 8,932 15,187
Return on assets held at end of year 81 (408) (327)
Purchases, sales, and settlements, net — 210 210
Other*1,048 6,788 7,836
Ending balance at March 31, 2015 7,384 15,522 22,906
Return on assets held at end of year 76 (104) (28)
Return on assets sold during the year — 19 19
Purchases, sales, and settlements, net — 3,933 3,933
Transfers, net — 2,692 2,692
Other*(460) 2,062 1,602
Ending balance at March 31, 2016 7,000 24,124 31,124
* Primarily consists of translation adjustments.
Sony makes contributions to its defined benefit pension plans as deemed appropriate by management after
considering the fair value of plan assets, expected return on plan assets and the present value of benefit
obligations. Sony expects to contribute approximately 11 billion yen to the Japanese plans and approximately
6 billion yen to the foreign plans during the fiscal year ending March 31, 2017.
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