Slide 1: 1st Quarter Performance Briefing
Fiscal Year March 2026 1st Quarter Performance Briefing TDK Corporation IR&SR Group August 1, 2025
Slide 2: Index
Index 1 Q1, FY March 2026 Results Highlights Tetsuji Yamanishi, Senior Executive Vice President & CFO 2 FY March 2026 Projections Tetsuji Yamanishi, Senior Executive Vice President & CFO 3 Appendix Q1, FY March 2026 Performance Briefing Copyright © TDK Corporation, 2025. 2
Slide 3: Q1, FY March 2026 Results Highlights
Q1, FY March 2026 Results Highlights Tetsuji Yamanishi Senior Executive Vice President & CFO Q1, FY March 2026 Performance Briefing Copyright © TDK Corporation, 2025. 3
Slide 4: Q1, FY March 2026 key points
Q1, FY March 2026 key points • Net sales increased but operating profit decreased year on year due to adjustment in the automotive market despite robust demand in the ICT and HDD markets. Net sales (JPY bn) Operating profit (JPY bn) 535.8 56.4 Up 3.3 ％ YoY down 2.5 ％ YoY • A significant appreciation
Slide 5: Q1, FY March 2026 results
Q1, FY March 2026 results • Net sales increased but operating profit decreased year on year. FY3/25 FY3/26 Change ▍Exchange rate impact on net sales and operating profit Q1 Q1 JPY bn % (OP) (JPY bn) (JPY bn) Net sales 518.8 535.8 +16.9 +3.3% Net sales Approx. (37.6) OP Approx. (7.1) Operating profit
Slide 6: Passive Components segment – Q1
Passive Components segment – Q1 • Sales and profit decreased due to a decline in sales mainly to the automotive market. ▍Net sales (JPY bn) (3.4)% • Sales and profit decreased year on year. 200 Ceramic capacitors • Sales increased to the industrial equipment market 143.1 141.9 139.6 150 135.1 138.1
Slide 7: Sensor Application Products segment – Q1
Sensor Application Products segment – Q1 • While sales to the automotive market decreased, sales and profit increased due to increase in sales to the ICT and the industrial equipment markets. ▍Net sales (JPY bn) +5.3% 60 50.8 50 44.1 48.1 46.5 46.4 Temperature and • Sales and profit decreased year o
Slide 8: Magnetic Application Products segment – Q1
Magnetic Application Products segment – Q1 • Sales of HDD suspension assemblies increased on the back of robust demand in the HDD market, resulting in a significant improvement in profitability. ▍Net sales (JPY bn) (0.8)% HDD heads 70 and HDD 55.0 55.9 58.2 • Sales remained flat while profit increas
Slide 9: Energy Application Products segment – Q1
Energy Application Products segment – Q1 • Small capacity batteries posted an increase in sales volume and profit reflecting robust demand in the ICT market. ▍Net sales (JPY bn) +8.6% 450 • Sales and profit increased year on year. 400 350 309.1 324.0 Energy devices • Sales of small capacity batterie
Slide 10: Quarterly results by segment
Quarterly results by segment FY3/25 FY3/25 FY3/26 YoY [C] – [A] QoQ [C] – [B] (JPY bn) Q1 [A] Q4 [B] Q1 [C] JPY bn % JPY bn % Capacitors 61.5 57.2 59.8 (1.7) (2.8)% +2.6 +4.5% Inductive Devices 50.8 49.0 49.1 (1.7) (3.4)% +0.1 +0.3% Other Passive Components 30.7 28.9 29.3 (1.5) (4.8)% +0.4 +1.3% Pas
Slide 11: Analysis of change in operating profit – Q1
Analysis of change in operating profit – Q1 (JPY bn) Operating profit (1.5) +26.2 +4.0 +1.4 (15.0) (8.8) (2.2) Rationalization, Benefits from Changes in sales Selling price cost reduction restructuring (7.1) fluctuation SG&A expenses One-time gains (incl. deterioration in Exchange rate increase in t
Slide 12: Cash flows - Q1
Cash flows - Q1 FY3/25 FY3/26 Change (JPY bn) Q1 Q1 Cash flows from operating activities 72.6 59.0 (13.6) Cash flows from investing activities (55.8) (62.9) (7.2) Free cash flow 16.9 (3.9) (20.7) Cash flows from financing activities (22.4) 31.2 +53.6 Effects of exchange rate changes on 38.1 (14.3) (
Slide 13: FY March 2026 Projections
FY March 2026 Projections Q1, FY March 2026 Performance Briefing Copyright © TDK Corporation, 2025. 13
Slide 14: Projections by segment for Q2, FY March 2026
Projections by segment for Q2, FY March 2026 Q2, FY3/25 projection (QoQ) Q1, FY3/25 Assumed exchange rates: Assumed exchange rates: Factor Actual (JPY bn)) Beginning-of-period Q1 basis Passive • Sales of some products to the automotive and the ICT markets are Components 138.1 (2) ~ +1% ±0 ~ +3% expe
Slide 15: FY March 2026 projections
FY March 2026 projections • We have kept the base scenario and risk scenario unchanged as the impact of US tariff measures remains uncertain. Base scenario Risk scenario FY3/25 FY3/26 YoY Change FY3/26 YoY Change Actual (¥ bn) projections ¥ bn % Projections ¥ bn % Net sales 2,204.8 2,200.0 (4.8) (0.
Slide 16: Publication of TDK United Report 2025 (Integrated Report)
Publication of TDK United Report 2025 (Integrated Report) ▍Publication link ▍Release Date https://www.tdk.com/en/ir/ir_library/annual/index.html August 8, 2025 ▍Key points of TDK United Report 2025 The report is structured and organized to highlight how each TDK United team member (employee) contrib
Slide 17: Announcement of TDK Investor Day
Announcement of TDK Investor Day (Pre-financial capital & New technology briefing) ▍Date & Time ▍Archived video link Monday, September 1, 2025, 3:30 pm - 5:00 pm (JST) Investors Meetings: The event will be streamed live online. An archived video https://www.tdk.com/en/ir/ir_events/strategy/index.htm
Slide 18: Appendix
Appendix Q1, FY March 2026 Performance Briefing Copyright © TDK Corporation, 2025. 18
Slide 19: Quarterly sales and operating profit by segment
Quarterly sales and operating profit by segment FY3/25 FY3/26 (JPY bn) Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total Capacitors 61.5 58.0 57.5 57.2 234.3 59.8 Inductive Devices 50.8 52.7 51.8 49.0 204.3 49.1 Other Passive Components 30.7 31.2 30.3 28.9 121.1 29.3 143.1 141.9 139.6 135.1 559.6 138.1 Net Sales
Slide 20: Financial position
Financial position Change from March 31, 2024 March 31, 2025 June 30, 2025 (¥ bn) March 31, 2025 Total assets 3,415.3 3,541.4 3,616.1 +74.7 Total liabilities 1,700.4 1,730.2 1,827.0 +96.8 Total equity attributable to owners of parent 1,707.3 1,800.1 1,777.0 +23.0 Ratio of equity attributable to owne
Slide 21: Capex, Depreciation, R&D - Q1
Capex, Depreciation, R&D - Q1 FY3/25 FY3/26 Change (JPY bn) Q1 Q1 Capex 42.8 60.5 +17.7 Depreciation 47.2 48.0 +0.8 % to net sales 9.1% 9.0% -0.1pts R&D 61.0 64.7 +3.7 % to net sales 11.8% 12.1% +0.3pts ▍Capex ▍Depreciation, % to net sales ▍R&D, % to net sales （JPY bn） （%） 80 80 20 80 20 60.5 61.0 6
Slide 22: Capex, Depreciation, and R&D expenses – Projections
Capex, Depreciation, and R&D expenses – Projections Capex Depreciation and amortization R&D expenses (¥ bn) 350 300 291.3 275.7 280.0 253.6 260.0 250 212.2 218.6 225.3 206.3 205.0 190.5 196.2 188.9 200 177.0 179.5 165.3 148.4 150 127.4 100 50 0 FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 FY3/26 FY3/21 FY3/22
Slide 23: Cash flows
Cash flows Operating activities Investment activities Free cash flow 447.0 445.8 (¥ bn) 370.0 262.8 230.4 230.9 201.0 179.0 70.0 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) (300.0) FY3/21 FY3/22 F
Slide 24: Shareholder returns
Shareholder returns • Dividends for FY March 2025 are expected to increase by an upward revision from initial plans. • For FY March 2026, even in a risk scenario, we maintain dividends of ¥30 per share. (¥) Annual dividends *1 Dividend payout ratio 30.0 30.0 30 80.0 70.0 25 23.2 21.2 60.0 20 50.0 12
Slide 25: Annual sales by market (FY3/21 – FY3/25)
Annual sales by market (FY3/21 – FY3/25) All ▍Net sales, OP margin ▍Automotive ▍ICT (JPY bn) 2,500 0 (JPY bn) (JPY bn) 2,180.8 2,103.9 2,204.8 1,500 0 500 463.5 447.9 1,308.2 2,000 1,902.1 0 1,207.6 1,191.8 418.7 1,200 1,142.5 0 1,479.0 400 330.4 913.7 1,500 10.2% 0 8.8% 8.2% 300 900 7.6% 7.7% 0 Net
Slide 26: Quarterly sales by market (FY3/25 – FY3/26)
Quarterly sales by market (FY3/25 – FY3/26) All ▍Net sales, OP margin ▍Automotive ▍ICT (JPY bn) (7.9) % +5.6% 25.0% (JPY bn) (JPY bn) 570.7 581.0 600.0 534.3 535.8 346.1 355.2 518.8 117.5 350.0 120.0 110.2 109.9 110.4 108.2 310.0 313.5 500.0 20.0% 296.9 300.0 100.0 400.0 13.2% 13.0% 15.0% 250.0 11.2
Slide 27: Annual sales by market (FY3/21 – FY3/25)
Annual sales by market (FY3/21 – FY3/25) Passive Components ▍Net sales, OP margin ▍Automotive ▍ICT (JPY bn) 600 578.8 565.6 559.6 0 (JPY bn) (JPY bn) 507.8 300 285.7 281.2 500 256.1 150 0 407.1 16.3% 211.8 400 15.1% 0 200 172.1 100 78.8 81.5 300 9.8% 9.5% Net sales 72.3 68.1 68.0 0 200 6.1% OP margi
Slide 28: Quarterly sales by market (FY3/25 – FY3/26)
Quarterly sales by market (FY3/25 – FY3/26) Passive Components ▍Net sales, OP margin ▍Automotive ▍ICT (JPY bn) 143.1 141.9 139.6 20.0% (5.7)% (10.9)% 150.0 135.1 138.1 18.0% (JPY bn) (JPY bn) 16.0% 80.0 71.6 70.2 72.1 67.3 67.6 14.0% 30.0 100.0 10.6% 12.0% 60.0 9.7% 8.6% Net sales 10.0% 18.2 18.0 20
Slide 29: Annual sales by market (FY3/21 – FY3/25)
Annual sales by market (FY3/21 – FY3/25) Sensor Application Products ▍Net sales, OP margin ▍Automotive ▍ICT (JPY bn) 189.5 (JPY bn) (JPY bn) 200 180.5 169.5 0.14 80.9 79.5 100 0.12 80 88.8 150 130.8 61.2 80 72.5 75.9 0.1 60 46.2 56.1 100 81.3 6.3% 0.08 Net sales 60 0.06 40 34.4 OP margin 40 3.3% 25.
Slide 30: Quarterly sales by market (FY3/25 – FY3/26)
Quarterly sales by market (FY3/25 – FY3/26) Sensor Application Products ▍Net sales, OP margin ▍Automotive ▍ICT (JPY bn) (3.7)% +11.6% 50.8 (JPY bn) (JPY bn) 48.1 46.5 46.4 14.0% 50.0 44.1 25.0 30.0 12.0% 26.0 40.0 20.2 19.5 19.4 20.4 19.5 25.0 22.4 21.9 10.0% 20.0 20.7 7.6% 19.7 Net sales 20.0 30.0
Slide 31: 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% 200 184.6 174.4 200 176.4 172.7 Asia and others 60% 149.0 140.1 China 160 160 148.7 56.8% 55.7% 54.8% 53.1% 129.9 54.1% Europe 117.2 120 120 40% 96.7 Americas Japan 80 80 20% 10.0% 9.2% 9.6
Slide 32: Quarterly sales by region (FY3/25 – FY3/26)
Quarterly sales by region (FY3/25 – FY3/26) 100% ▍Japan ▍Americas 23.9% 23.4% 21.3% 25.3% +0.4% (5.1)% 26.4% (JPY bn) (JPY bn) 80% 60.0 60.0 44.8 42.7 44.9 42.2 60% Asia and others 42.1 35.8 40.0 40.0 34.4 33.8 36.1 34.0 52.2% 55.3% 58.4% 50.0% 52.6% China 40% Europe Americas 20.0 20.0 20% 8.9% 8.4%
Slide 33: 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 34: 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 35: 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 MSCI ESG Leaders ex-REIT Gender Indexes ※1 ※2 ※2 Diversity Tilt Index ※1,2 THE INCLUSION OF TD
Slide 36: 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 37: 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/2026/1q_1.html