Sony Financial Holdings Inc. reported consolidated preliminary earnings results for the year ended March 31, 2012. For the period, the company's ordinary revenues were JPY 1,078.0 billion against JPY 1,002.2 billion a year ago. Ordinary profit was JPY 74.6 billion against JPY 76.8 billion a year ago. Net income was JPY 32.8 billion or JPY 75 per share against JPY 41.7 billion or JPY 95.90 per share a year ago. Compared with the previous fiscal year, ordinary revenues increased approximately 8%, due mainly to higher income from insurance premiums in the life insurance business. Ordinary profit decreased year-on-year, owing primarily to lower gains on sale of securities in the life insurance business. Net income decreased due to a decline in ordinary profit and an increase in income taxes owing to a reversal of deferred tax assets associated with the reduction in the corporate tax rate. The company provided earnings guidance for the year ending March 31, 2013. For the period, the company expects ordinary revenues of JPY 1,115.0 billion; ordinary profit of JPY 67.0 billion; and net income of JPY 37.0 billion or JPY 85 per share.