Consolidated Financial Results for the Nine Months Ended December 31, 2025 (Under Japanese GAAP)

February 6, 2026

Company name: TAIYO YUDEN CO., LTD. Listing: Tokyo Stock Exchange Securities code: 6976

URL: https://www.yuden.co.jp/en/

Representative: Katsuya Sase, Representative Director, President and Chief Executive Officer

Inquiries: Tomomitsu Fukuda, Director, Senior Executive Operating Officer, Chief of Management Planning Headquarters

Telephone: +81-3-6757-8310

Scheduled date to commence dividend payments: -Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for institutional investors and

investment analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)
   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Nine months ended December 31, 2025 December 31, 2024	Millions of yen 266,139 254,724	% 4.5 5.3	Millions of yen 16,519 8,402	% 96.6 19.3	Millions of yen 19,800 13,685	% 44.7 83.5	Millions of yen 12,626 8,166	% 54.6 122.1

      Note: Comprehensive income	For the nine months ended December 31, 2025:	¥31,064 million	[89.9%]
      	For the nine months ended December 31, 2024:	¥16,357 million	[51.4%]

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	Yen	Yen
      December 31, 2025	101.07	91.81
      December 31, 2024	65.49	59.09

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
   As of December 31, 2025 March 31, 2025	Millions of yen 608,581 573,188	Millions of yen 339,012 319,171	% 55.7 55.6	Yen 2,711.00 2,552.94

   Reference: Equity

   As of December 31, 2025: ¥339,012 million As of March 31, 2025: ¥318,436 million

2. Cash dividends

   	Annual dividends per share
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen - -	Yen	Yen - -	Yen	Yen
   Fiscal year ended March 31, 2025		45.00		45.00	90.00
   Fiscal year ending March 31, 2026		45.00
   Fiscal year ending March 31, 2026 (Forecast)				45.00	90.00

   Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecasts of operating results for the period from April 1, 2025 to March 31, 2026

(Percentages indicate changes from same period in the previous fiscal year.)

Note: Revisions to the forecast of operating results most recently announced: Yes

1. Significant changes in the scope of consolidation during the period: None Newly included: -

   Excluded: -

2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:

   None

3. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

4. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

      As of December 31, 2025	130,218,481 shares
      As of March 31, 2025	130,218,481 shares

   2. Number of treasury shares at the end of the period

      As of December 31, 2025	5,167,895 shares
      As of March 31, 2025	5,485,415 shares

   3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

• Forecasts of operating results include a number of assumptions based on information currently available and certain premises which were judged to be rational. Please note that these forecasts may significantly differ from actual results with various factors.

• TAIYO YUDEN will post the financial supplementary data on its web-site.

〇Table of contents

1. Qualitative Information Concerning Financial Statements and Other .- 2 -

   1. Consolidated Operating Results ..........................................................................................................- 2 -

   2. Consolidated Financial Conditions ......................................................................................................- 3 -

   3. Forecasts of Consolidated Operating Results........................................................................................- 3 -

2. Consolidated Financial Statements ...........................................................................................................- 4 -

   1. Consolidated Balance Sheets ..............................................................................................................- 4 -

   2. Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income.............- 6 -

      Consolidated Statements of Operations .................................................................................................- 6 -

      Consolidated Statements of Comprehensive Income...............................................................................- 7 -

   3. Notes on Consolidated Financial Statements ........................................................................................- 8 -

      (Notes on Premise of Going Concern)...................................................................................................- 8 -

      (Notes in Case of Significant Changes to Shareholders' Equity)..............................................................- 8 -

      (Notes on Consolidated Balance Sheets) ...............................................................................................- 8 -

      (Notes on Consolidated Statements of Operations).................................................................................- 8 -

      (Notes on Consolidated Statements of Cash Flows)................................................................................- 8 -

      (Notes on Segment Information)...........................................................................................................- 8 -

3. Supplementary Information .....................................................................................................................- 9 -

   1. Net Sales by Product Classification .....................................................................................................- 9 -

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1. Qualitative Information Concerning Financial Statements and Other

   1. Consolidated Operating Results

During the nine-month period ended December 31, 2025 (April 1, 2025 - December 31, 2025), the business environment surrounding the TAIYO YUDEN Group ("the Group") experienced a continued trend of moderate recovery in the global economy despite weaknesses in some regions. As for the future, it will be necessary to monitor tariffs and other trade policies in individual countries, fluctuations in financial and capital markets, and the international situation.

The Group is aiming to increase the proportion of sales in focus markets, primarily automotive and IT infrastructure/industrial equipment, to 50% to achieve the targets set out in medium-term management plan 2025 (fiscal year ended March 31, 2022 to fiscal year ending March 31, 2026). Moreover, the Group will produce high-value-added electronic components with a focus on high-end and high-reliability products. In addition to achieving further growth in multilayer ceramic capacitors, the Group's core business, the Group will also strengthen its inductor business to establish it as another core business. We also continuously expand our capacity to meet the increasing demand, as well as to implement proactive initiatives in environmental measures and IT upgrades.

Consolidated net sales for the nine-month period ended December 31, 2025 totaled ¥266,139 million, which is an increase of 4.5% compared to the corresponding period of the previous fiscal year. Operating profit was ¥16,519 million, an increase of 96.6%. Ordinary profit was ¥19,800 million, an increase of 44.7%, compared to the corresponding period of the previous fiscal year, mainly due to foreign exchange gains of ¥4,179 million as non-operating income. Profit attributable to owners of parent was ¥12,626 million, an increase of 54.6% compared to the corresponding period of the previous fiscal year. Net sales as well as operating profit, ordinary profit, and profit attributable to owners of parent increased due to higher sales mainly for use in automotive and IT infrastructure/industrial equipment.

The average foreign exchange rate for the nine-month period ended December 31, 2025 was US$1: ¥148. This is an appreciation of ¥4.11 as compared to the average realized in the corresponding period of the previous fiscal year of US$1:

¥152.11.

Net Sales by Product Classification [Capacitors]

The capacitor product classification is comprised of multilayer ceramic capacitors, etc.

For the nine months ended December 31, 2025, product sales mainly for use in automotive and IT infrastructure/industrial equipment increased year over year. This resulted in a 9.3% increase in sales for this product classification year over year to ¥187,809 million.

[Inductors]

This product classification is comprised of various inductors including wire-wound inductors, multilayer inductors, etc.

For the nine months ended December 31, 2025, product sales mainly for use in information equipment was higher as compared to the corresponding period of the previous fiscal year. As a result, net sales totaled ¥48,624 million, which is an increase of 4.7% compared to the corresponding period of the previous fiscal year.

[Integrated Modules & Devices]

This product classification is comprised of FBAR/SAW devices for communications, circuit modules, etc.

For the nine months ended December 31, 2025, sales of FBAR/SAW devices for communications and circuit modules decreased year over year. This resulted in a 36.8% decrease in sales for this product classification year over year to ¥11,276 million.

[Others]

This product classification is comprised of aluminum electrolytic capacitors, etc.

For the nine months ended December 31, 2025, sales of aluminum electrolytic capacitors decreased year over year. This resulted in a 1.1% decrease in sales for this product classification year over year to ¥18,429 million.

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