Slide 1: 3rd Quarter Performance Briefing, Fiscal Year March 2026
3rd Quarter Performance Briefing Fiscal Year March 2026 TDK Corporation February 2, 2026
Slide 2: Agenda
1. First Nine Months, FY March 2026 Results Highlights Agenda 2. FY March 2026 Projections Appendix
Slide 3: First Nine Months, FY March 2026 Results Highlights
1 First Nine Months, FY March 2026 Results Highlights Tetsuji Yamanishi, Senior Executive Vice President & CFO Copyright © TDK Corporation, 2026. 3
Slide 4: 9M, FY March 2026 key points
9M, FY March 2026 key points Net sales and operating profit increased year on year due to continuous robust demand in the ICT and HDD markets. Net sales and operating profit reached new record highs for the first nine months of the fiscal year. Net sales Operating profit ¥1,858.6 bn ¥230.7 bn Yo
Slide 5: 9M, FY March 2026 results
9M, FY March 2026 results Net sales and operating profit increased year on year. TDK set record highs in net sales and all profit items. ▍Exchange rate impact on FY3/25 FY3/26 Change net sales and operating profit (OP) (¥bn) 9M 9M ¥bn % Decreased by Net sales approx. ¥29.4 bn Net sales 1,670.5 1
Slide 6: Passive Components segment
Passive Components segment On a recovery trend, driven by an increase in sales to the industrial equipment market despite a decline in sales to the automotive market. ▍Net sales (¥bn) +3.2% 424.6 9M results 438.2 • Sales increased while profit decreased year on year. Ceramic 143.1 141.9 147.5 152.
Slide 7: Sensor Application Products segment
Sensor Application Products segment Profit increased considerably due to increase in sales to the ICT and automotive markets. ▍Net sales (¥bn) +17.3% 143.0 9M results 167.7 Temperature and • Sales increased while profit decreased year on year. 61.5 59.8 50.8 pressure sensors • Sales increased to t
Slide 8: Magnetic Application Products segment
Magnetic Application Products segment Sales of HDD heads and suspension assemblies increased due to continuous robust demand in the HDD market, resulting in a significant improvement in profitability. ▍Net sales (¥bn) +13.0% 165.4 9M results 186.8 HDD heads 71.1 and HDD • Sales increased and profi
Slide 9: Energy Application Products segment
Energy Application Products segment Small capacity batteries posted an increase in sales volume and profit reflecting robust demand in the ICT market. ▍Net sales (¥bn) +14.4% 895.9 9M results 1,025.2 • Sales and profit increased year on year. 362.6 377.1 Energy devices • Sales of small capacity ba
Slide 10: Q3, FY March 2026 results
Q3, FY March 2026 results Net sales and operating profit increased year on year. FY3/25 FY3/26 Change ▍Exchange rate impact on net sales and operating profit (¥bn) Q3 Q3 ¥bn % (OP) Net sales 581.0 675.2 +94.2 +16.2% Increased by Net sales approx. ¥12.3 bn Operating profit 75.8 83.1 +7.3 +9.7% Decr
Slide 11: Quarterly results by segment
Quarterly results by segment FY3/25 FY3/26 FY3/26 YoY [C] – [A] QoQ [C] – [B] (¥bn) Q3 [A] Q2 [B] Q3 [C] ¥bn % ¥bn % Capacitors 57.5 62.1 66.3 +8.8 +15.3% +4.3 +6.9% Inductive Devices 51.8 55.0 55.8 +4.0 +7.8% +0.8 +1.5% Other Passive Components 30.3 30.4 30.4 +0.1 +0.4% (0.04) (0.1)% Net Sales Pass
Slide 12: Analysis of change in operating profit – 9M
Analysis of change in operating profit – 9M (¥bn) Operating profit +¥21.6 bn +88.5 +11.2 +4.9 (41.7) (29.8) (2.2) (9.3) Rationalization, Benefits from Selling price Changes in sales cost reduction restructuring SG&A expenses One-time gains fluctuation Exchange rate (incl. deterioration in increase i
Slide 13: Cash flows – 9M
Cash flows – 9M FY3/25 FY3/26 Change (¥bn) 9M 9M Cash flows from operating activities 369.0 353.2 (15.8) Cash flows from investing activities (155.5) (248.3) (92.8) Free cash flow 213.5 104.9 (108.6) Cash flows from financing activities (73.3) 18.3 +91.6 Effects of exchange rate changes on 28.1 57.7
Slide 14: FY March 2026 Projections
2 FY March 2026 Projections Tetsuji Yamanishi, Senior Executive Vice President & CFO Copyright © TDK Corporation, 2026. 14
Slide 15: Projections by segment for Q4 of FY March 2026
Projections by segment for Q4 of FY March 2026 Q4 of FY3/26 projection (QoQ) Q3 of FY3/26 Assumed exchange rates: Assumed exchange rates: Factor Actual Q4 basis Q3 basis • Sales of inductive devices to the automotive market and Passive Components 152.5 (1) ~ +2% ±0 ~ +3% aluminum electrolytic capaci
Slide 16: FY March 2026 projections
FY March 2026 projections FY March 2026 projection and dividend projection have been revised upward reflecting brisk results in the ICT and HDD markets. FY3/25 FY3/26 projections Change Actual (¥bn) As of October 2025 As of February 2026 ¥bn % Net sales 2,204.8 2,370.0 2,470.0 +265.2 +12.0% Operat
Slide 17: CAPEX, Depreciation, and R&D expenses – Projections
CAPEX, Depreciation, and R&D expenses – Projections CAPEX Depreciation and amortization R&D expenses (¥bn) 350 291.3 300.0 300 280.0 275.7 253.6 250 212.2 218.6 225.3 206.3 205.0 190.5 196.2 188.9 200 177.0 179.5 165.3 148.4 150 127.4 100 50 0 FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 FY3/26 FY3/21 FY3/22
Slide 18: Appendix
Appendix Copyright © TDK Corporation, 2026. 18
Slide 19: Cash flows
Cash flows (¥bn) Operating activities Investment activities Free cash flow 447.0 445.8 420.0 262.8 230.4 230.9 201.0 179.0 115.0 28.4 (0.6) Incl. advance payments (102.6) of about 110.0 bn ¥ to secure stable supply of battery materials. (231.4) (234.4) (216.6) (244.8) (281.5) (305.0) FY3/21 FY3/22 F
Slide 20: Quarterly sales and operating profit by segment
Quarterly sales and operating profit by segment (FY3/25 – FY3/26) FY3/25 FY3/26 (¥bn) Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Capacitors 61.5 58.0 57.5 57.2 234.3 59.8 62.1 66.3 Inductive Devices 50.8 52.7 51.8 49.0 204.3 49.1 55.0 55.8 Other Passive Components 30.7 31.2 30.3 28.9 121.1 29.3 30.4 30.4 N
Slide 21: Financial position
Financial position Change from March end, 2024 March end, 2025 December end, 2025 (¥bn) March end, 2025 Total assets 3,415.3 3,541.4 4,336.8 +795.3 Total liabilities 1,700.4 1,730.2 2,227.4 +497.2 Total equity attributable to owners of parent 1,707.3 1,800.1 2,094.0 +293.9 Ratio of equity attributab
Slide 22: CAPEX, Depreciation, and R&D expenses – 9M
CAPEX, Depreciation, and R&D expenses – 9M FY3/25 FY3/26 Change (¥bn) 9M 9M CAPEX 162.4 197.9 +35.5 Depreciation 144.5 148.8 +4.3 % to net sales 8.6% 8.0% (0.6)pts R&D expenses 187.3 208.9 +21.6 % to net sales 11.2% 11.2% ±0pts ▍CAPEX ▍Depreciation, % to net sales ▍R&D expenses, % to net sales (¥bn)
Slide 23: Shareholder returns
Shareholder returns (¥) Annual dividends * Dividend payout ratio 35 34.0 80.0 30.0 70.0 30 60.0 25 23.2 21.2 50.0 20 12.0 15.7 35.2% 35.3% 34.1% 34.0% 40.0 15 30.4% 30.0 22.6% 10 20.0 5 10.0 0 0.0 FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 FY3/26 Projection *. Figures have been converted to align with the p
Slide 24: Annual sales by market (FY3/21 – FY3/25)
Annual sales by market (FY3/21 – FY3/25) All ▍Net sales, OP margin ▍Automotive ▍ICT (¥bn) (¥bn) (¥bn) 2,500 2,180.8 2,103.9 2,204.8 500 463.5 447.9 1,500 1,207.6 1,308.2 2,000 1,902.1 418.7 1,191.8 400 1,142.5 1,479.0 330.4 1,500 10.2% 1,000 913.7 8.8% 8.2% 300 248.6 7.6% 7.7% Net Sales 1,000 OP mar
Slide 25: Quarterly sales by market (FY3/25 – FY3/26)
Quarterly sales by market (FY3/25 – FY3/26) All ▍Net sales, OP margin ▍Automotive ▍ICT (¥bn) +0.4% +16.1% 700 647.6 675.2 (¥bn) 337.5 339.1 (¥bn) 998.1 1,158.6 600 570.7 581.0 150 518.8 534.3 535.8 14.1% 410.9 434.2 13.2% 13.0% 400 500 12.3% 117.5 117.5 11.2% 120 110.2 109.9 110.4 108.2 113.4 346.1
Slide 26: Annual sales by market – Passive Components
Annual sales by market (FY3/21 – FY3/25) Passive Components ▍Net sales, OP margin ▍Automotive ▍ICT (¥bn) 600 578.8 565.6 559.6 (¥bn) (¥bn) 507.8 300 285.7 281.2 150 500 256.1 407.1 16.3% 400 15.1% 211.8 200 100 172.1 81.5 78.8 300 9.8% 9.5% Net Sales 72.3 68.1 68.0 200 6.1% OP margin 100 50 100 0 0
Slide 27: Quarterly sales by market – Passive Components
Quarterly sales by market (FY3/25 – FY3/26) Passive Components ▍Net sales, OP margin ▍Automotive ▍ICT (¥bn) (0.6)% (1.6)% 143.1 141.9 139.6 147.5 152.5 (¥bn) (¥bn) 135.1 138.1 213.9 212.5 53.0 52.2 80 75.2 71.6 70.2 72.1 40 67.3 67.6 69.8 10.6% 10.3% 60 9.7% 30 8.6% Net Sales 5.7% OP margin 40 20 16
Slide 28: Annual sales by market – Sensor Application Products
Annual sales by market (FY3/21 – FY3/25) Sensor Application Products ▍Net sales, OP margin ▍Automotive ▍ICT (¥bn) (¥bn) (¥bn) 200 189.5 180.5 100 100 169.5 88.8 80.9 79.5 150 80 80 72.5 75.9 130.8 61.2 60 60 56.1 100 6.3% 81.3 Net Sales 46.2 OP margin 40 34.4 40 3.3% 25.8 50 2.6% 20 20 0 0 0 FY3/21
Slide 29: Quarterly sales by market – Sensor Application Products
Quarterly sales by market (FY3/25 – FY3/26) Sensor Application Products ▍Net sales, OP margin ▍Automotive ▍ICT (¥bn) +7.4% +26.6% 61.5 59.8 (¥bn) (¥bn) 60 59.2 63.6 68.1 86.2 50.8 48.1 34.5 44.1 46.5 46.4 30 29.8 30 12.0% 23.4 26.0 40 20.2 19.5 19.4 20.4 19.5 20.7 22.4 15.3% 20 19.7 20.7 21.9 7.6% N
Slide 30: Annual sales by region (FY3/21 – FY3/25)
Annual sales by region (FY3/21 – FY3/25) 100% ▍Japan ▍Americas 18.7% 20.4% 19.6% 21.4% 23.7% (¥bn) (¥bn) 80% 200 184.6 200 176.4 174.4 172.7 60% 149.0 148.7 150 150 140.1 56.8% 55.7% 54.8% 53.1% Asia and 129.9 54.1% Others 117.2 40% China 100 100 96.7 Europe 20% 10.0% 9.2% 9.6% 9.6% Americas 50 50 7
Slide 31: Quarterly sales by region (FY3/25 – FY3/26)
Quarterly sales by region (FY3/25 – FY3/26) 100% ▍Japan ▍Americas +3.3% +3.7% 23.9% 23.4% 21.3% 26.4% 25.3% 23.8% 23.7% (¥bn) (¥bn) 80% 129.6 133.8 104.0 107.9 60 60 47.2 60% 44.8 44.9 44.4 Asia and 42.1 42.7 42.2 52.2% 55.3% 58.4% 50.0% 52.6% Others 40 40 35.8 36.1 37.8 36.1 56.6% 57.5% 34.4 33.8 3
Slide 32: Financial information: 10-year historical trend
Financial information: 10-year historical trend ▍Operating profit, Net profit attributable to owners of parent, ▍Net sales, Overseas sales ratio OP margin (¥ mn) Net sales Overseas sales ratio (¥ mn) Operating profit Net profit attributable to owners of parent OP margin 224,192 92.1% 91.1% 91.1% 91.
Slide 33: Financial information: 10-year historical trend
Financial information: 10-year historical trend ▍Total assets, Total equity attributable to owners of parent, Ratio of equity attributable to owners of parent ▍ROIC, ROE, ROA Total assets Total equity attributable to owners of parent (¥ mn) Ratio of equity attributable to owners of parent ROIC ROE R
Slide 34: Status of inclusion in Indices / Evaluation by external organizations
Status of inclusion in Indices / Evaluation by external organizations ▍Indices FTSE4Good FTSE Blossom FTSE Blossom JPX Prime 150 Index Japan Sector Index Series Japan Index Relative Index Morningstar Japan S&P/JPX Carbon MSCI ESG Leaders ※2 ex-REIT Gender Efficient Index Indexes ※1 Diversity Tilt In
Slide 35: Cautionary statements with respect to forward-looking statements
Cautionary statements with respect to forward-looking statements This material contains forward-looking statements, including projections, plans, policies, management strategies, targets, schedules, understandings, and evaluations about TDK, or its group companies (TDK Group). These forward-looking
Slide 36: Text data including Q&A of performance briefing will be uploaded
Text data including Q&A of performance briefing will be uploaded on following site. https://www.tdk.com/en/ir/ir_events/conference/2026/3q_1.html