Slides
Page 1
©TAIYO YUDEN CO., LTD. Earnings Release ConferenceThird quarter for the year ending March 31, 2026Tomomitsu FukudaDirector, Senior Executive Operating OfficerChief of Management Planning HeadquartersFebruary 6, 2026
Page 2
©TAIYO YUDEN CO., LTD. Financial Summary 2 Consolidated 3Q for the Year Ending March 2026Net sales were ¥88.5 billion, exceeding the forecast published in November. Sales were down 5% Q/Q, mainly because some front-loaded demand was included in capacitor sales up until 2Q.Operating profit was ¥7.5 billion, up 27% Q/Q, exceeding the forecast published in November, due to the reductions in fixed costs and currency fluctuations from the yen depreciation.Consolidated Earnings Forecast for the Year Ending March 2026The financial results forecasts published in November have been revised upward.The earnings forecasts are for net sales of ¥354.0 billion, up 4% Y/Y , and operating profit of ¥21.0 billion, up 101% Y/Y .In communication device business, additional structural reform measures are implemented. Business restructuring expenses of ¥1.0 billion are expected to be recorded in 4Q. As a result, profit attributable to owners of parent is project to be ¥13.0 billion, up 458% Y/Y .
Page 3
©TAIYO YUDEN CO., LTD. Consolidated Financial ResultsThird quarter for the year ending March 31, 2026
Page 4
©TAIYO YUDEN CO., LTD. 3Q – Consolidated Financial Results (Q/Q)Change Q/QFYE Mar 31, 20263Q(01 Oct 2025 –31 Dec 2025)FYE Mar 31, 20262Q(01 Jul 2025 –30 Sep 2025)¥ in million(4.6)%(4,297)100.0%88,515100.0%92,813Net sales27.4%1,6138.5%7,4946.3%5,881Operating profit49.0%3,84413.2%11,6948.5%7,849Ordinary profit10.4%6698.0%7,0866.9%6,416Profit attributable to owners of parent5.17 yendepreciated151.50 yen146.33 yenYen/USD average exchange rate+2.4 billion yen on net sales, +1.4 billion yen on operating profit *Including the impact of currencies other than US dollarsImpact of exchange rate fluctuation(2.2)%(80)3,5193,600R&D expenses39.5%3,42812,0958,667Capital investment3.9%46612,52112,054Depreciation expenses4
Page 5
©TAIYO YUDEN CO., LTD. Operating profit(3Q FYE Mar 2026)7.5Operating profit(2Q FYE Mar 2026)5.9(1.1)Impact ofselling price(0.2)Effect fromcapacityutilizationEffect fromcostreductions0Changes infixed costs+1.5Currencyfluctuations+1.4 3Q – Factors behind Operating Profit (Q/Q) 5 (¥ in billion）
Page 6
©TAIYO YUDEN CO., LTD. 3Q – Financial Results by Product Classification (Q/Q) 6 Change Q/QFYE Mar 31, 20263QFYE Mar 31, 20262Q¥ in million(6.4)%(4,205)69.7%61,70271.0%65,908Capacitors2.9%47919.4%17,13217.9%16,652Inductors(9.8)%(395)4.1%3,6354.3%4,031Integrated modules & devices(2.8)%(175)6.8%6,0446.7%6,220Others(4.6)%(4,297)100.0%88,515100.0%92,813Total net sales
Page 7
©TAIYO YUDEN CO., LTD. ■Capacitors ■Inductors ■Integrated modules & devices ■Others 3Q – Financial Results by Product Classification (Q/Q) 7 ■Capacitors ((6.4)% Q/Q)Sales decreased because some front-loaded demand was included in sales up until 2Q.Demand for products for use in servers was firm. ■Inductors (+2.9% Q/Q)Sales of communication equipment such assmartphones increased. ■Integrated modules & devices ((9.8)% Q/Q)Sales of FBAR/SAW devices for communications declined. ■Others ((2.8)% Q/Q)Sales of aluminum electrolytic capacitors decreased. (¥ in billion)
Page 8
©TAIYO YUDEN Co., Ltd.※Estimated by the Company 8 Sales by Market Sector• Tablet device• PC• HDD, SSD• Server• Base station communication device• Security cameraIT infrastructure/ Industrial equipmentCommunicationequipmentAutomotive Consumer product• Smartphone• ADAS• Meter cluster• ECU • Game console• Smart watch• Wireless earphonesInformationequipment
Page 9
©TAIYO YUDEN CO., LTD. Orders Received and Order Backlog 9 ■Capacitors ■Inductors ■Integrated modules & devices ■Others ※BB ratio = Orders received/Net salesBB Ratio26/325/33Q2Q1Q4Q3Q2Q1Q1.070.890.951.041.020.981.01Company-wide1.080.880.951.051.071.001.05Capacitors Orders ReceivedOrder Backlog(¥ in billion)
Page 10
©TAIYO YUDEN CO., LTD. Forecast of Consolidated Performancefor the year ending March 31, 2026
Page 11
©TAIYO YUDEN CO., LTD. Consolidated Earnings Forecast for FYE March 2026 11 ChangeFYE Mar 31, 2026Forecast of February 6FYE Mar 31, 2026Forecast of November 6FYE Mar 31, 2025¥ in millionvs Previous forecastY/Y1.9%6,5003.7%12,562100.0%354,000100.0%347,500100.0%341,438Net sales16.7%3,000100.8%10,5415.9%21,0005.2%18,0003.1%10,459Operating profit46.7%7,000109.2%11,4836.2%22,0004.3%15,0003.1%10,517Ordinary profit44.4%4,000458.4%10,6723.7%13,0002.6%9,0000.7%2,328Profit attributable toowners of parent2.62 yendepreciated2.86 yenappreciated149.75 yen147.13 yen152.61 yenYen/USDaverage exchange rateChange Y/Y: (4.2) billion yen on net sales, (4.1) billion yen on operating profit Change vs previous forecast：+5.6 billion yen on net sales, +3.0 billion yen on operating profit *Including the impact of currencies other than US dollarsImpact of exchange ratefluctuation0.0%03.0%45815,50015,50015,042R&D expenses0.0%0(28.3)%(18,158)46,00046,00064,158Capital investment 0.0%03.8%1,74248,00048,00046,258Depreciation expenses
Page 12
©TAIYO YUDEN CO., LTD. Operating profit(FYE Mar 2026,Forecast of November 6)18.0(0.5)Effectfrom cost reductions(0.5) Effect fromcapacityutilizationChangesin fixedcosts+1.0Impact of selling price0 Operating profit(FYE Mar 2026,Forecast ofFebruary 6)21.0 Operatingprofit(FYE Mar 2026,Forecast)21.0 Currency fluctuations+3.0Others0 Effect fromcapacity utilization+31.8Operatingprofit(FYE Mar 2025)10.5(19.6) Impact of selling priceEffect from cost reductions+2.5(1.5) Changes infixed costs(4.1)Currency fluctuationsOthers+1.4Forecast of Factors behind Operating Profit for FYE March 2026 12 Y/Yvs Previous forecast (¥ in billion） (¥ in billion）
Page 13
©TAIYO YUDEN CO., LTD. Forecast by Product Classification for FYE March 2026 13 ChangeFYE Mar 31, 2026Forecast of February 6FYE Mar 31, 2026Forecast of November 6FYE Mar 31, 2025¥ in millionvs Previous forecastY/Y1.4%3,5008.4%19,43471.0%251,50071.4%248,00068.0%232,066Capacitors 5.3%3,2003.2%1,95417.9%63,50017.4%60,30018.0%61,546Inductors(2.0)%(300)(36.9)%(8,486)4.1%14,5004.3%14,8006.7%22,986Integrated modules & devices0.4%100(1.4)%(338)6.9%24,5007.0%24,4007.3%24,838Others1.9%6,5003.7%12,562100.0%354,000100.0%347,500100.0%341,438Total net sales
Page 14
©TAIYO YUDEN CO., LTD. 4Q – Forecast by Product Classification 14 FYE Mar 31, 20264QForecast (Q/Q)FYE Mar 31, 20263Q¥ in million+3%61,702Capacitors (13)%17,132Inductors(11)%3,635Integrated modules & devices ±0%6,044Others(1)%88,515Total net sales (Assumption)155. 00 yen151.50 yenYen/USDaverage exchange rate
Page 15
©TAIYO YUDEN CO., LTD.15 Shareholder Return Policy 86.6482.1134.848.318.517.518.211.114.443.4Dividend payout ratio (%)3.33.53.43.53.32.11.61.31.41.5Dividend on equity (DOE) ratio (%)－482.1134.848.327.617.540.324.014.443.4Total return ratio (%)－000500403000Amount of treasury stock(¥ in billion) Aiming to achieve a dividend payout ratio of 30%and a Dividend on Equity (DOE) ratio of 3.5%(yen) forecast ■Dividend per share
Page 16
©TAIYO YUDEN CO., LTD. Supplementary Information
Page 17
©TAIYO YUDEN CO., LTD. 3Q – Consolidated Financial Results (Y/Y) 17 Change Y/YFYE Mar 31, 20263QFYE Mar 31, 20253Q¥ in million1.9%1,646100.0%88,515100.0%86,868Net sales807.6%6,6698.5%7,4941.0%825Operating profit68.9%4,76813.2%11,6948.0%6,925Ordinary profit54.1%2,4878.0%7,0865.3%4,598Profit attributable to owners of parent2.46 yendepreciated151.50 yen149.04 yenYen/USD average exchange rate+1.1 billion yen on net sales, +0.6 billion yen on operating profit *Including the impact of currencies other than US dollarsImpact of exchange rate fluctuation(6.8)%(255)3,5193,775R&D expenses(25.9)%(4,233)12,09516,329Capital investment5.2%62112,52111,899Depreciation expenses
Page 18
©TAIYO YUDEN CO., LTD. Operatingprofit(3Q FYEMar 2026)7.5Effect fromcapacity utilization+ 8.1Operatingprofit(3Q FYE Mar 2025)0.8(4.4) Impact of selling priceCurrency fluctuations+0.6Others+1.4Changes infixed costs+0.4Effectfrom cost reductions+0.6 3Q – Factors behind Operating Profit (Y/Y) 18 (¥ in billion）
Page 19
©TAIYO YUDEN CO., LTD. 3Q – Financial Results by Product Classification (Y/Y) 19 Change Y/YFYE Mar 31, 20263QFYE Mar 31, 20253Q¥ in million5.8%3,38569.7%61,70267.1%58,317Capacitors(1.9)%(339)19.4%17,13220.1%17,471Inductors(32.2)%(1,728)4.1%3,6356.2%5,363Integrated modules & devices5.8%3296.8%6,0446.6%5,714Others1.9%1,646100.0%88,515100.0%86,868Total net sales
Page 20
©TAIYO YUDEN CO., LTD. 3Q – Financial Results by Product Classification (Y/Y) 20 ■Capacitors(+5.8 % Y/Y)Sales increased for use in automotive and IT infrastructure/industrial equipment such as AI servers, while sales for information equipment and communication equipment declined. ■Inductors ((1.9)% Y/Y)Sales increased for consumer products and IT infrastructure/industrial equipment; however, sales declined for communication equipment. ■Integrated modules & devices ((32.2)% Y/Y)Circuit module sales declined significantly due to business selection and concentration. FBAR/SAW devices for communications also decreased. ■Others (+5.8 % Y/Y)Sales of aluminum electrolytic capacitors increased. ■Capacitors ■Inductors ■Integrated modules & devices ■Others (¥ in billion)
Page 21
©TAIYO YUDEN CO., LTD. 1-3Q – Consolidated Financial Results (Y/Y) 21 Change Y/YFYE Mar 31, 20261-3QFYE Mar 31, 20251-3Q¥ in million4.5%11,414100.0%266,139100.0%254,724Net sales96.6%8,1166.2%16,5193.3%8,402Operating profit44.7%6,1157.4%19,8005.4%13,685Ordinary profit54.6%4,4604.7%12,6263.2%8,166Profit attributable toowners of parent4.11 yenappreciated148.00 yen152.11 yenYen/USDaverage exchange rate(5.6) billion yen on net sales, (3.8) billion yen on operating profit *Including the impact of currencies other than US dollarsImpact of exchange rate fluctuation(3.6)%(397)10,70611,103R&D expenses (31.7)%(14,716)31,69446,410Capital investment 6.5%2,18236,00833,825Depreciation expenses
Page 22
©TAIYO YUDEN CO., LTD. (3.8)Currencyfluctuations(1.9) Changes in fixedcosts Operating profit(1-3Q FYE Mar 2026)16.5Effect from cost reductions+2.1(15.6) Impact of selling price Effect fromcapacity utilization+25.9Others+1.4 1-3Q – Factors behind Operating Profit (Y/Y) 22 Operating profit(1-3Q FYEMar 2025)8.4(¥ in billion）
Page 23
©TAIYO YUDEN CO., LTD. 1-3Q – Financial Results by Product Classification (Y/Y) 23 Change Y/YFYE Mar 31, 20261-3QFYE Mar 31, 20251-3Q¥ in million9.3%16,02070.6%187,80967.4%171,788Capacitors 4.7%2,17818.3%48,62418.2%46,446Inductors(36.8)%(6,573)4.2%11,2767.0%17,849Integrated modules & devices(1.1)%(211)6.9%18,4297.3%18,640Others4.5%11,414100.0%266,139100.0%254,724Total net sales
Page 24
©TAIYO YUDEN CO., LTD. 1-3Q – Financial Results by Product Classification (Y/Y) 24 ■Capacitors(+9.3% Y/Y)Sales increased, mainly for use in automotive and IT infrastructure/industrial equipment such as AI servers. Sales of information equipment and communication equipment decreased. ■Inductors （+4.7% Y/Y）Sales increased mainly for use in consumer products and information equipment including memory modules. ■Integrated modules & devices ((36.8)% Y/Y)Circuit module sales declined significantly due to business selection and concentration. FBAR/SAW devices for communications also decreased. ■Others((1.1)% Y/Y)Sales of aluminum electrolytic capacitors decreased. ■Capacitors ■Inductors ■Integrated modules & devices ■Others (¥ in billion)
Page 25
©TAIYO YUDEN CO., LTD. Consolidated Earnings Trends (Quarterly) 25 FYE Mar 31, 2026FYE Mar 31, 2025FYE Mar 31, 2024¥ in million3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q 88,51592,81384,81086,71386,86886,71881,13880,83486,38682,81472,612Net sales61,70265,90860,19760,27758,31758,27855,19252,55454,19051,95047,133Capacitors17,13216,65214,83915,10017,47115,96313,01112,64516,19615,74810,976Inductors3,6354,0313,6085,1375,3636,0976,3888,7849,6418,3268,182Integratedmodules & devices6,0446,2206,1646,1975,7146,3796,5466,8496,3586,7896,320Others7,4945,8813,1422,0578254,9452,6302,0364,9002,721(577)Operating profit11,6947,849256(3,167)6,925(1,617)8,3776,3011,1695,1271,159Ordinary profit7,0866,416(876)(5,837)4,598(2,741)6,3094,6412762,497903Profit attributable to owners of parent151.50yen146.33yen146.18yen154.11yen149.04yen154.14yen153.15yen146.76yen149.10yen142.47yen134.93yenYen/USD average exchange rate
Page 26
©TAIYO YUDEN CO., LTD. Net salesConsolidated Earnings Trends (Quarterly) 26 ■Others■Integrated modules& devices ■Inductors■Capacitors(¥ in billion） (¥ in billion）
Page 27
©TAIYO YUDEN CO., LTD. Consolidated Financial Position 27 ChangeAs ofDecember 31, 2025As ofMarch 31, 2025¥ in million10,38688,55278,166Cash and deposits35,392608,581573,188Total assets6,621171,022164,401Interest-bearing liabilities15,551269,569254,017Total liabilities19,841339,012319,171Total net assets －55.7%55.6%Equity-to-asset ratio3,764(82,470)(86,235)Net cash －0.500.52D/E ratio
Page 28
©TAIYO YUDEN CO., LTD.28 Forward-looking statementsThis document contains information about the plans, business results, and strategies of TAIYO YUDEN CO., LTD. and the TAIYO YUDEN Group. These forward-looking statements other than historical facts represent judgments made by the Company based on information available at present and are inherently subject to a variety of uncertainties. TAIYO YUDEN cannot provide any guarantee as to the attainment of certain figures in the future. The Company’s actual activities and business results could differ significantly due to changes including, but not limited to, changes in the electronics market in which the Company’s business activities are centered. Readers should not overly rely on the information contained in this document.
Page 29
©TAIYO YUDEN CO., LTD.