Consolidated Financial Results for the Three Months Ended June 30, 2025 (Under Japanese GAAP)

August 5, 2025

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 three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)
   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Three months ended June 30, 2025 June 30, 2024	Millions of yen 84,810 81,138	% 4.5 11.7	Millions of yen 3,142 2,630	% 19.4 -	Millions of yen 256 8,377	% (96.9) 622.6	Millions of yen (876) 6,309	% -598.6

      Note: Comprehensive income	For the three months ended June 30, 2025:	¥412 million	[(97.6)%]
      	For the three months ended June 30, 2024:	¥17,349 million	[92.4%]

      	Basic earnings per share	Diluted earnings per share
      Three months ended	Yen	Yen
      June 30, 2025	(7.02)	-
      June 30, 2024	50.62	45.99

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
   As of June 30, 2025 March 31, 2025	Millions of yen 584,367 573,188	Millions of yen 313,490 319,171	% 53.6 55.6	Yen 2,511.25 2,552.94

   Reference: Equity

   As of June 30, 2025: ¥313,235 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
   Fiscal year ending March 31, 2026 (Forecast)		45.00	-	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: None

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 June 30, 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 June 30, 2025	5,485,456 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.

• 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 Cash Flows) ................................................................................................................ - 8 -

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

3. Supplementary Information.............................................................................................................................................................. - 8 -

   1. Net Sales by Product Classification ............................................................................................................................................ - 8 -

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1. Qualitative Information Concerning Financial Statements and Other

(1) Consolidated Operating Results

During the three-month period ended June 30, 2025 (April 1, 2025 to June 30, 2025), the business environment surrounding the TAIYO YUDEN Group ("the Group") experienced a slowing pace of recovery in the global economy although there were signs of stagnation in some regions. As for the future, although the recovery is expected to continue, 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 to achieve further growth in multilayer ceramic capacitors, the Group's core business, in addition to strengthening inductor and communication device products to establish them as core businesses. 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 three-month period ended June 30, 2025 totaled ¥84,810 million, which is an increase of 4.5% compared to the corresponding period of the previous fiscal year. Operating profit was ¥3,142 million, an increase of 19.4% compared to the previous fiscal year. Ordinary profit was ¥256 million, a decrease of 96.9% compared to the previous fiscal year. Loss attributable to owners of parent was ¥876 million, compared to profit attributable to owners of parent of ¥6,309 million in the same period of the previous fiscal year. Net sales and operating profit increased due to higher sales mainly for use in automotive, IT infrastructure/industrial equipment. Ordinary profit and profit attributable to owners of parent decreased primarily due to foreign exchange losses and other factors.

The average foreign currency exchange rate for the three-month period ended June 30, 2025 was US$1: ¥146.18. This is an appreciation of ¥6.97 as compared to the average realized in the corresponding period of the previous fiscal year of US$1: ¥153.15.

Net Sales by Product Classification

[Capacitors]

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

For the three-month period ended June 30, 2025, product sales mainly for use in automotive and IT infrastructure/industrial equipment increased year over year. This resulted in a 9.1% increase in sales for this product classification year over year to ¥60,197 million.

[Inductors]

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

In the three-month period ended June 30, 2025, product sales mainly used in consumer products and information equipment were higher year over year. As a result, net sales totaled ¥14,839 million, which is an increase of 14.1% compared to the corresponding period of the previous fiscal year.

[Integrated Modules & Devices]

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

For the three-month period ended June 30, 2025, sales of communications devices (FBAR/SAW) and circuit modules decreased year over year. This resulted in a 43.5% decrease in sales for this product classification year over year to ¥3,608 million.

[Others]

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

For the three-month period ended June 30, 2025, sales of aluminum electrolytic capacitors decreased year over year. This resulted in a 5.8% decrease in sales for this product classification year over year to ¥6,164 million.

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