Slide 1: First Half Performance Briefing, Fiscal Year March 2026
First Half Performance Briefing Fiscal Year March 2026 TDK Corporation October 31, 2025
Slide 2: Agenda
1. H1, FY March 2026 Results Highlights Agenda 2. FY March 2026 Projections Appendix
Slide 3: H1, FY March 2026 Results Highlights
1 H1, FY March 2026 Results Highlights Tetsuji Yamanishi, Senior Executive Vice President & CFO Copyright © TDK Corporation, 2025. 3
Slide 4: H1, FY March 2026 key points
H1, FY March 2026 key points Net sales increased year on year due to robust demand in the ICT and the HDD markets, resulting in a significant year-on-year rise in operating profit. Net sales and operating profit reached new record highs for the first half of the fiscal year. Net sales Operating
Slide 5: H1, FY March 2026 results
H1, 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) H1 H1 ¥bn % Decreased by Net sales approx. ¥41.7 bn Net sales 1,089.5 1
Slide 6: Passive Components segment
Passive Components segment Profit decreased due to a decline in sales to the automotive market while an increase in sales to the industrial equipment market. ▍Net sales (¥bn) +0.2% 285.0 H1 results 285.7 • Sales and profit decreased year on year. 147.5 Ceramic • Sales increased to the industrial e
Slide 7: Sensor Application Products segment
Sensor Application Products segment Profit increased considerably due to increase in sales to the ICT and the industrial equipment markets. ▍Net sales (¥bn) +13.8% 94.9 H1 results 107.9 Temperature and • Sales remained flat while profit decreased year on year. 61.5 50.8 pressure sensors • Sales de
Slide 8: Magnetic Application Products segment
Magnetic Application Products segment Sales of HDD suspension assemblies increased due to robust demand in the HDD market, resulting in a significant improvement in profitability. ▍Net sales (¥bn) +4.3% 110.9 H1 results 115.8 HDD heads 58.2 61.2 and HDD • Sales increased and profit rose significan
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) +13.3% 572.0 H1 results 648.1 • Sales and profit increased year on year. 362.6 Energy devices • Sales of small capacity batteries
Slide 10: Q2, FY March 2026 results
Q2, FY March 2026 results Net sales and operating profit increased year on year. TDK set record highs in net sales and all profit items on quarter basis. FY3/25 FY3/26 Change ▍Exchange rate impact on net sales and operating profit (¥bn) Q2 Q2 ¥bn % (OP) Net sales 570.7 647.6 +76.9 +13.5% Decreas
Slide 11: Quarterly results by segment
Quarterly results by segment FY3/25 FY3/26 FY3/26 YoY [C] – [A] QoQ [C] – [B] (¥bn) Q2 [A] Q1 [B] Q2 [C] ¥bn % ¥bn % Capacitors 58.0 59.8 62.1 +4.0 +7.0% +2.3 +3.8% Inductive Devices 52.7 49.1 55.0 +2.3 +4.4% +5.9 +12.1% Other Passive Components 31.2 29.3 30.4 (0.8) (2.5)% +1.2 +4.0% Net Sales Passi
Slide 12: Analysis of change in operating profit – H1
Analysis of change in operating profit – H1 (¥bn) Operating profit +¥14.3 bn +64.3 +7.2 +3.4 (27.2) (20.6) (3.6) (9.2) Rationalization, Benefits from Selling price Changes in sales cost reduction restructuring SG&A expenses One-time gains fluctuation Exchange rate (incl. deterioration in increase in
Slide 13: Cash flows – H1
Cash flows – H1 FY3/25 FY3/26 Change (¥bn) H1 H1 Cash flows from operating activities 205.9 189.4 (16.5) Cash flows from investing activities (100.0) (128.3) (28.3) Free cash flow 105.9 61.1 (44.8) Cash flows from financing activities (32.8) 28.2 +61.0 Effects of exchange rate changes on (26.4) 8.4
Slide 14: FY March 2026 Projections
2 FY March 2026 Projections Noboru Saito, President & CEO Copyright © TDK Corporation, 2025. 14
Slide 15: Assumptions for performance forecast – key market predictions
Assumptions for performance forecast – key market predictions While the forecast for nearline HDDs and automobile production volume has been revised upward, smartphone production volume is expected to remain flat with a downward revision of the forecast. FY3/26 Forecast FY3/25 As of April 2025 As
Slide 16: Projections by segment for Q3 of FY March 2026
Projections by segment for Q3 of FY March 2026 Q3 of FY3/26 projection (QoQ) Q2 of FY3/26 Assumed exchange rates: Assumed exchange rates: Factor Actual H2 basis Q2 basis • Sales of ceramic capacitors to the automotive market are Passive Components 147.5 (4) ~ (1)% (3) ~ ±0% expected to increase whil
Slide 17: 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 market. FY3/25 FY3/26 projections Change Actual (¥bn) As of April 2025 As of October 2025 ¥bn % Net sales 2,204.8 2,200.0 2,370.0 +165.2 +7.5% Operating profit 22
Slide 18: TDK Investor Day Medium-term Plan Update
November 28th, 2025 FRI At 3:30PM - 5:00PM (JST) Hybrid (on-site and online) Archived recording available later TDK INVESTOR DAY Medium-term Plan Update 2. Dialogue with 1. Medium-term Plan Update Briefing Outside Directors The path toward achieving the Long-term Vision Progress of the Mediu
Slide 19: Appendix
Appendix Copyright © TDK Corporation, 2025. 19
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 Inductive Devices 50.8 52.7 51.8 49.0 204.3 49.1 55.0 Other Passive Components 30.7 31.2 30.3 28.9 121.1 29.3 30.4 Net Sales Passiv
Slide 21: Financial position
Financial position Change from March end, 2024 March end, 2025 September end, 2025 (¥bn) March end, 2025 Total assets 3,415.3 3,541.4 3,957.4 +416.0 Total liabilities 1,700.4 1,730.2 2,030.3 +300.1 Total equity attributable to owners of parent 1,707.3 1,800.1 1,913.0 +113.0 Ratio of equity attributa
Slide 22: CAPEX, Depreciation, and R&D expenses – H1
CAPEX, Depreciation, and R&D expenses – H1 FY3/25 FY3/26 Change (¥bn) H1 H1 CAPEX 93.5 112.7 +19.3 Depreciation 95.0 96.6 +1.6 % to net sales 8.7% 8.2% (0.5)pts R&D expenses 123.2 133.8 +10.6 % to net sales 11.3% 11.3% 0pts ▍CAPEX ▍Depreciation, % to net sales ▍R&D expenses, % to net sales （(¥bn) （%
Slide 23: CAPEX, Depreciation, and R&D expenses – Projections
CAPEX, Depreciation, and R&D expenses – Projections CAPEX Depreciation and amortization R&D expenses (¥bn) 350 300 291.3 275.7 280.0 253.6 260.0 250 212.2 218.6 225.3 206.3 200.0 190.5 196.2 188.9 200 177.0 179.5 165.3 148.4 150 127.4 100 50 0 FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 FY3/26 FY3/21 FY3/22
Slide 24: Cash flows
Cash flows (¥bn) Operating activities Investment activities Free cash flow 447.0 445.8 380.0 262.8 230.4 230.9 201.0 179.0 80.0 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 FY
Slide 25: Shareholder returns
Shareholder returns (¥) Annual dividends * Dividend payout ratio 35 80.0 32.0 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% 33.7% 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 26: 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 27: Quarterly sales by market (FY3/25 – FY3/26)
Quarterly sales by market (FY3/25 – FY3/26) All ▍Net sales, OP margin ▍Automotive ▍ICT (¥bn) (2.7)% +12.7% 700 647.6 (¥bn) 227.7 221.6 (¥bn) 642.9 724.4 600 570.7 581.0 150 410.9 518.8 534.3 535.8 14.1% 400 13.2% 13.0% 346.1 355.2 500 117.5 11.2% 120 110.2 109.9 110.4 108.2 113.4 310.0 313.5 10.5% 2
Slide 28: 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 29: Quarterly sales by market – Passive Components
Quarterly sales by market (FY3/25 – FY3/26) Passive Components ▍Net sales, OP margin ▍Automotive ▍ICT (¥bn) (¥bn) (3.2)% (5.2)% 143.1 141.9 139.6 147.5 135.1 138.1 141.8 137.3 (¥bn) 35.1 33.2 80 71.6 70.2 72.1 40 67.3 67.6 69.8 10.6% 60 9.7% 30 8.6% Net Sales 40 18.2 5.7% OP margin 20 16.9 18.2 18.0
Slide 30: 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 31: 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) +1.0% +23.5% 61.5 (¥bn) (¥bn) 60 39.7 40.1 45.7 56.4 50.8 48.1 34.5 44.1 46.5 46.4 30 30 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% Net Sales 20 5.8% OP m
Slide 32: 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 33: Quarterly sales by region (FY3/25 – FY3/26)
Quarterly sales by region (FY3/25 – FY3/26) 100% ▍Japan ▍Americas +2.3% +2.2% 23.9% 23.4% 21.3% 26.4% 25.3% 23.8% (¥bn) (¥bn) 80% 84.7 86.6 70.2 71.7 60 60 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 56.6% 34.4 33.8 34.0 40% China Europe Ameri
Slide 34: 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 35: 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 36: 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 ※2 ※2 Indexes ※1 Diversity Tilt Index ※1,2 THE INCLUSION OF TD
Slide 37: 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 38: Text data including Q&A will be uploaded on following site
Text data including Q&A of performance briefing will be uploaded on following site. https://www.tdk.com/en/ir/ir_events/conference/2026/2q_1.html