Sony Spinoff Faces Pressure on JGB Yields, BI Says

Sony Financial Group Inc., a spinoff of the electronics giant, is more exposed to risks from a sharp rise in Japanese government bond yields than its publicly traded peers, according to a Bloomberg Intelligence analysis.

The company’s economic solvency ratio, a key measure of capital strength, could see the biggest drop from September among listed life insurance rivals when accounting for recent moves in interest rates and stock prices, BI analyst Steven Lam wrote in a note Thursday. Sony Financial has a large unlisted life insurance unit called Sony Life.