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@Roland WE DESIGN THE FUTURE Financial Results Highlights FY12 / 2026 Q2 ASSIGNABLE PADS ( 1/4 ) BANK A PAD A - 1 OUT 3 ASSIGN PROGRAM , PAD A - 2 HDMI IN 1 MUTE gn PAD A - 3 CAMERA PRESET 1 RECALL PAD A - 4 OUT 3 ASSIGN INPUT 5 PAD A - 5 OUT 3 ASSIGN PROGRAM PAD A - 6 OUT 3 ASSIGN INPUT 6 PAD A - 7 PROGRAM SETUP PAD A - 8 OUT 3 ASSIGN INPUT 7 OUT 3 ASSIGN INPUT 8 Aug 7 , 2026 Roland Corporation BEST OF SHOW InfoComm AVTECHNOLOGY WINNER Roland uture of design Future of design AUTO CUT VIDEO SWITCHER V - 1-4K Video Switcher V - 1-4K
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Executive Summary 2 ⚫ FY12/2026 Q2 (First Half) Results • Net sales increased, supported by a market recovery and contributions from new products • Operating profit increased, with higher costs including U.S. tariffs and other factors offset by price optimization and FX effects ⚫ FY12/2026 Full-Year Forecast Forecast unchanged: higher sales and profit expected • Semiconductor memory prices have exceeded assumptions, with the impact expected to materialize gradually • Cost increases are expected to be largely offset by price optimization, lower U.S. tariff burden, and favorable FX • Steady progress expected from Q3 onward, supported by order backlog shipments and new products ⚫ Shareholder Returns Dividend forecast unchanged • Interim dividend resolved at ¥85 per share, in line with the initial forecast ⚫ FY12/2026 Q2 Results Higher sales and profit • 売上は、市場回復や新製品効果により増収 • 営業利益は、米国関税等コスト増要因あるも、価格適正化や為替効果等により増益 ⚫ FY12/2026 Full-Year Forecast Forecast unchanged: higher sales and profit expected • 半導体メモリ価格が想定を大幅に上回り、徐々に影響が本格化見込み • 一方、価格適正化対応および米国関税負担の軽減に加え、為替効果もあり、コスト増 要因は概ね吸収可能 • Q3以降、受注残出荷、新製品投入等により着実な積み上げを見込む ⚫ Shareholder Returns Dividend forecast unchanged • 半期末配当として、期初予想通り一株当たり85円を決議
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1 2 3 FY12/2026 Q2 Results FY12/2026 Forecast Supplemental Information
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2 3 FY12/2026 Forecast Supplemental Information FY12/2026 Q2 Results1
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5 Xo/FX 32億（△14％） FY12/2026 Q2 Financial Results Highlights (First Half) Sales 51.6bn （YoY: +12.9%） Operating Profit 4.4bn （YoY : +16.0%） Net Profit1 3.1bn （YoY: -18.3%） • The musical instrument market continues to recover gradually • Price optimization and new products contributed to sales growth • Higher costs, including U.S. tariffs and SG&A expenses, remained a headwind, but were offset through continued measures • Operating profit increased, also supported by favorable FX effects • The YoY decline reflects prior-year temporary factors, including a one-off tax timing effect 1 Net profit refers to "net profit attributable to owners of parent”
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FY12/2025 First Half1 FY12/2026 First Half2 (JPY mn) Actual % of Sales Actual % of Sales YoY Sales 45,806 100.0% 51,697 100.0% +12.9% Gross Profit 19,756 43.1% 21,667 41.9% +9.7% SG&A 15,931 34.8% 17,229 33.3% +8.1% Operating Profit 3,825 8.4% 4,437 8.6% +16.0% Net Profit3 3,914 8.5% 3,199 6.2% -18.3% EBITDA 5,299 11.6% 5,908 11.4% +11.5% 6 （vs. Initial Forecast） +4.4% +2.6% +0.1% +13.7% +6.6% +9.2% FX impact on sales Approx. +¥4.4bn FY12/2026 Q2 Financial Results Consolidated Financial Results 1 Exchange rates for FY12/2025 H1 USD/JPY: 148.62, EUR/JPY: 162.22, EUR/USD: 1.092 2 Exchange rates for FY12/2026 H1 USD/JPY: 158.19, EUR/JPY: 184.58, EUR/USD: 1.167 3 Net profit refers to "net profit attributable to owners of parent”
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7 11,783 13,839 2025Q2 2026Q2 2025Q2 2026Q2 13,378 11,489 13,021 2025Q2 2026Q2 6,253 6,598 2025Q2 2026Q2 1,511 1,243 2025Q2 2026Q2 1,391 1,599 2025Q2 2026Q2 YoY1 +17.5% (+6.5%) +15.1% (+5.5%) +13.3% (+3.8%) +5.5% (-3.6%) -17.7% (-23.0%) +15.0% (+4.7%) +12.9% (+3.1%) ⚫ Sales increased in core categories: Keyboards, Percussion & Wind, and Guitar-related products ⚫ Creation-related products have been recovering since April, driven by strong dance-related products ⚫ Video & Pro Audio remains challenging, but recovery is expected from Q3 onward with new product launches 15,395 Roland Cloud アカウント数 : 250万人 Roland Cloud 有償会員数 : 21万人 ※Subscriber + LTK購 入者数 Roland Cloud 有償Membership(サブスク)数 Total : 36,848人 内訳 : Core 10,701人、Pro 7,437人、Ultimate 18,670人 FY12/2026 Q2 Financial Results Sales by Category (First Half) (JPY mn) Keyboards Perc. & Wind Guitar-related Creation-related2 Video & Pro Audio2 Others Total 1 Figures in ( ) show comparisons excluding FX impact. 2 Category definitions were slightly revised, and certain items were reclassified. Prior-period comparison figures have also been restated accordingly.
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8 ⚫ Sales exceeded the prior-year level across all major regions ⚫ Despite near-term uncertainty, demand momentum in Japan, the U.S. and Europe remains broadly unchanged ⚫ In China, recovery momentum slowed, and demand has been trending downward ⚫ In emerging markets, order backlog shipments progressed, bringing sales back to around the prior-year level 4,532 4,716 2025Q2 2026Q2 2025Q2 2026Q2 13,450 15,543 2025Q2 2026Q2 3,325 3,818 2025Q2 2026Q2 7,474 8,561 2025Q2 2026Q2 +4.1% (+4.0%) +12.0% (+5.1%) +15.6% (+1.6%) +14.8% (+1.5%) +14.5% (+1.6%) +12.9% (+3.1%)YoY1 Sales 17,023 19,057 （新興国-10% 、先進国+8%) (YoY +4%) (YoY +0%) FY12/2026 Q2 Financial Results Sales by Region (First Half) (JPY mn) Japan North America Europe China Others Total 1 Figures in ( ) show comparisons excluding FX impact. Devel oped Emerg ing
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9 Factors (YoY) • Sales Volume ✓ Gradual market recovery ✓ Contributions from new products • Selling Price / Cost Ratio ✓ Mainly driven by price optimization ✓ Impact from higher semiconductor memory prices remained limited as of Q2 YTD • SG&A ✓ Increase in R&D, sales promotion and other expenses ✓ Some spending was shifted to H2, taking into account changes in the external environment 13 値上げ見送り 予算未達 上期期初 Changes (YoY) 3.8 4.4 -0.5 +0.2 -1.0 4.2 +0.7 +1.2 FY12/2026 Q2 Financial Results Consolidated Operating Profit (First Half) Sales volume change Selling price / cost ratio change SG&A change FX impact Cost increase due to tariffs (gross impact) FY12/2025 1st Half FY12/2026 1st Half (JPY bn)
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10 Announced a GO:KEYS series collaboration model featuring the popular “Minions” characters Based on GO:KEYS 3, the model features original “Minions” artwork and character voices. A portable keyboard that enables beginners and a wide range of users to enjoy playing and creating music with ease. Portable Keyboard GO:KEYS 3 Minion Base model GO:KEYS 3 (launched in 2024) FY12/2026 Q2 Financial Results Topics: Major New Products and Services Announced in Q2
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11 Announced two 4K-compatible products in the Video & Pro Audio category V-1-4K VC-1SC-4K A compact video switcher that inherits the ease of use of the long-selling V-1 series,enabling easy setup of 4K video systems for small events, corporate seminars and live streaming. A video converter / scaler that supports 4K video conversion and screen adjustment for LED displays, enabling smooth setup of video systems for small- to mid-sized events, live music venues and multipurpose halls. Video Switcher Video Converter / Scaler VC-1SC-4K (In-use Image) V-1-4K (In-use Image) FY12/2026 Q2 Financial Results Topics: Major New Products and Services Announced in Q2
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12 Announced new products, including a hardware series, under DW-related brands 9000X Series Hardware Gene Krupa Limited Radio King Snare Drum DW’s next-generation hardware series, designed for precision, speed and stability. The InnerLock system and modular design enable quick setup and high stability in live environments. A limited-edition Slingerland “Radio King” snare drum,2created in tribute to legendary jazz drummer Gene Krupa. FY12/2026 Q2 Financial Results Topics: Major New Products and Services Announced in Q2
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1 2 3 FY12/2026 Q2 Results FY12/2026 Forecast Supplemental Information
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Overview of Changes in the External Environment 14 Current View YoY Impact1 • Middle East sales exposure is limited, with no major impact • Raw material costs and other costs have risen slightly • Procurement remains manageable • Slight downside factor • Prices have risen significantly above the prior-year level • Production impact from procurement difficulty is expected to be minimal this fiscal year • Significant downside factor • Tariff rates declined from late February to late July • New tariff rates applied from July 25 under Section 301 are also lower than assumed1 • Still a downside factor YoY, but significantly lower than assumed • JPY has weakened significantly YoY • This trend is expected to continue through the end of the year • Significant upside factor ⚫ Impact from changes in the external environment is expected to be largely absorbed 1 For assumptions used in the latest earnings forecast, please refer to p.19 of the supplemental materials 還付実績 $417K 過剰生産能力（Excess Capacity） 強制労働対応（Forced Labor） FY12/2026 Full-Year Forecast 1. Middle East Tensions 2. Memory Tightness 3. U.S. Tariff Rates1 4. FX Movements1
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Our Response to Changes in the External Environment 15 Actions • To be implemented in stages while monitoring sales volume, competition and market trends • Prioritize production and shipments of backlogged products with confirmed demand • Ensure timely launches of new products from Q3 onward and maximize sales • Strengthen advance procurement in preparation for a prolonged issue • Minimize impact from next fiscal year onward through development prioritization and strategic material allocation ⚫ Implementing four key initiatives to minimize the impact FY12/2026 Full-Year Forecast 1. Price Optimization 2. Accelerating Backlog Shipments 3. Ensuring New Product Launches 4. Memory Supply Response
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Consolidated Operating Profit Forecast Current View (YoY) 9.4 10.0 -0.3 -1.8 -0.6 +1.8 16 9.1 +1.5 予算上原価上昇は織り込んでない（CDでオフセット）だが、実際は2億くらい足が出るので“上昇”としておく ⚫ Operating profit forecast remains unchanged at ¥10.0bn • Sales Volume ✓ Gradual market recovery ✓ Accelerated backlog shipments and contributions from new products • Selling Price / Cost Ratio ✓ Significant increase in material costs, mainly semiconductor memory (approx. ¥1.6–1.8bn) ✓ Impact from price optimization • SG&A ✓ MTP-related investments, personnel cost increases and other factors ✓ No change to the annual spending plan at this stage • U.S. Tariffs 1,2 ✓ YoY impact is expected to decline gradually ✓ Expected to have a positive YoY impact in H2 (approx. +¥0.4bn) Factors (YoY) 1 For assumptions used in the latest forecast, please refer to p.19 of the supplemental materials 2 Tariff refunds remain uncertain in terms of both timing and amount, and are not included in the forecast at this point (approx. ¥3.0bn) 通期期初 下期期初 FY12/2026 Full-Year Forecast FY12/2025 FY12/2026 (JPY bn) Sales volume change Selling price / cost ratio change SG&A change FX impact Cost increase due to tariffs (gross impact)
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17 ⚫ Resolved an interim dividend of ¥85 per share, in line with the initial forecast ⚫ No change to the year-end dividend forecast Shareholder Returns FY12/2026 Full-Year Forecast 36 69 78 85 85 85 85 36 69 78 85 85 85 85 2020 2021 2022 2023 2024 2025 2026 2nd quarter-end Fiscal year-end 1 DOE (Dividend on Equity): Dividends ÷ Consolidated Equity 2 Total return ratio excluding impacts such as impairment losses at subsidiaries 2020 2021 2022 2023 2024 2025 2026 Dividend amount ¥1.9bn ¥3.8bn ¥4.3bn ¥4.7bn ¥4.7bn ¥4.5bn ¥4.5bn Share repurchase amount - - ¥2.0bn - ¥5.8bn - - Total return ¥1.9bn ¥3.8bn ¥6.3bn ¥4.7bn ¥10.5bn ¥4.5bn ¥4.5bn Total return ratio 46.0% 45.0% 68.2% 57.8% 176.2% 208.0% 62.6% Dividend payout ratio 46.0% 45.0% 48.2% 57.8% 79.2% 208.0% 62.6% Dividend per share trend （57.5%2） (Forecast) (Forecast)
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1 2 3 FY12/2026 Q2 Results FY12/2026 Forecast Supplemental Information
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Key Assumptions Underlying the FY12/2026 Forecast 19 Supplemental Information Production Location Jan.-Feb. Mar.-Jul. Aug.-Dec. Malaysia 19% 10% 10% China 20% 10% 12.5% Taiwan 20% 10% 10% Japan 15% 10% 12.5% Vietnam 20% 10% 12.5% Thailand 19% 10% 12.5% Indonesia 19% 10% 10% FX Rates (From Q3 FY12/2026) Assumptions USD/JPY ¥158 EUR/JPY ¥185 EUR/USD 1.171 U.S. Additional Tariff Rates FYR: sensitivity1, 2 Change Sales OP USD/JPY ¥1 weaker +¥290mn +¥120mn EUR/JPY ¥1 weaker +¥180mn +¥10mn EUR/USD ¢1 weaker - +¥170mn 1 Estimated annual impact 2 Actual FX impacts may differ from these assumptions due to currency mix, sales mix and other factors.
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FY12/2025 Q2 3M1 FY12/2026 Q2 3M2 (JPY mn) Actual % of Sales Actual % of Sales YoY Sales 23,263 100.0% 26,064 100.0% +12.0% Gross Profit 10,196 43.8% 10,984 42.1% +7.7% SG&A 7,814 33.6% 8,493 32.6% +8.7% Operating Profit 2,382 10.2% 2,490 9.6% +4.5% Net Profit3 2,079 8.9% 1,769 6.8% -14.9% EBITDA 3,101 13.3% 3,229 12.4% +4.1% 20 2.4 2.5 -0.2 Operating Profit Factors（YoY） -0.2 +0.7 -0.1 1.9 -0.1 Consolidated Financial Results（April-June period, 3 months) Supplemental Information 1 Exchange rates for 12/2025 Q2 3M USD/JPY : 144.62、EUR/JPY : 163.87、EUR/USD : 1.133 2 Exchange rates for 12/2026 Q2 3M USD/JPY : 159.50、EUR/JPY : 185.45、EUR/USD : 1.163 3 Net profit refers to "net profit attributable to owners of parent” Sales volume change Selling price / cost ratio change SG&A change FX impact Cost increase due to tariffs (gross impact) (JPY bn) FY12/2025 Q2 3M FY12/2026 Q2 3M
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21 5,964 6,901 2025Q2 2026Q2 2025Q2 2026Q2 YoY1 +15.7% (+3.3%) +14.0% (+2.1%) +6.2% (-4.5%) +19.3% (+7.1%) -14.7% (-21.3%) +10.7% (-0.2%) +12.0% (+0.5%) 2,928 3,493 2025Q2 2026Q2 791 675 2025Q2 2026Q2 713 789 2025Q2 2026Q2 5,913 6,279 2025Q2 2026Q2 6,952 7,924 ⚫ Keyboards and Percussion & Wind continued to perform solidly ⚫ Guitar-related products saw strong pedal sales, while amplifier products slowed after new product effects ran their course ⚫ Creation-related products increased, driven by accelerated backlog shipments ⚫ Video & Pro Audio remained challenging due to fewer project deliveries and a pre-launch slowdown; recovery is expected from Q3 onward Sales by Category(April-June period, 3 months) Supplemental Information (JPY mn) Keyboards Perc. & Wind Guitar-related Creation-related2 Video & Pro Audio2 Others Total 1 Figures in ( ) show comparisons excluding FX impact. 2 Category definitions were slightly revised, and certain items were reclassified. Prior-period comparison figures have also been restated accordingly.
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22 2,282 2,414 2025Q2 2026Q2 2025Q2 2026Q2 6,721 7,344 2025Q2 2026Q2 2,135 2,342 2025Q2 2026Q2 3,770 4,693 2025Q2 2026Q2 +5.8% (+5.8%) +11.0% (+0.7%) +9.3% (-3.4%) +9.7% (-6.1%) +24.5% (+7.5%) +12.0% (+0.5%)YoY1 8,352 9,269 ⚫ Underlying demand was broadly unchanged, while last year’s price optimization impact had run its course ⚫ The U.S. and Europe were soft in April, but have been recovering since then ⚫ China declined due to a reaction to Q1 sell-in ahead of price adjustments and weak major online sales ⚫ Emerging markets have recovered from Q1 stock shortages Sales (YoY +0%) (YoY +12%) Supplemental Information Sales by Region(April-June period, 3 months) (JPY mn) Japan North America Europe China Others Total Devel oped Emerg ing 1 Figures in ( ) are comparisons excluding the effect of FX rates
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23 Supplemental Information Key Consolidated Financials (JPY mn) FY2025 Q2 FY2026 Q2 Net sales 45,806 51,697 Gross profit 19,756 21,667 Selling, general and administrative expenses 15,931 17,229 Operating profit 3,825 4,437 Profit before income taxes 3,852 4,041 Profit attributable to owners of parent 3,914 3,199 EBITDA 5,299 5,908 D/E ratio 0.6x 0.5x Equity ratio 46.8% 51.5% Debt / EBITDA1 2.1x 1.5x ROE1 14.6% 3.5% [16.0%4] ROIC1 14.8% 15.1% R&D expenses 2,528 2,714 Capital expenditures2 3,873 1,301 Depreciation expenses 1,474 1,471 Free cash flow3 5,880 5,609 (JPY mn) As of Dec. 31, 2025 As of Jun. 30, 2026 Cash and deposits 15,876 16,771 Notes and accounts receivable - trade 13,353 12,210 Inventories 27,321 28,583 Other current assets 2,243 1,767 Total current assets 58,795 59,332 Net property, plant and equipment 14,234 14,444 Goodwill 2 - Investments and other assets 10,444 10,660 Total non-current assets 24,681 25,105 Total assets 83,477 84,437 Notes and accounts payable - trade 6,841 8,832 Short-term borrowings 1,100 - Current portion of long-term borrowings 2,570 2,570 Other current liabilities 9,659 8,635 Long-term borrowings 18,490 17,205 Other long-term liabilities 3,452 3,417 Total liabilities 42,113 40,660 Total net assets 41,364 43,777 Total liabilities and net assets 83,477 84,437 1 Debt / EBITDA, ROE and ROIC are calculated on a trailing 12-month basis. 2 Amount of tangible and intangible fixed assets. 3 Free cash flow is the sum of cash from operating activities and cash from investing activities. 4 Excluding one-off expenses related to Drum Workshop (DW) recorded in FY2025.
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This material contains information that constitutes “forward-looking statements” of Roland Corporation. Statements other than those related to past or present facts are all statements that constitute forward-looking statements. Such forward-looking statements are based on our assumptions and decisions made in accordance with information currently available, and they are not intended to give any assurances that they will turn out to be correct. Known or unknown risks, uncertainties and other factors underlie the forward-looking statements, and the forward-looking statements may be materially different from the actual results. Matters which may affect the results include the economic environment surrounding our business, demand trends, exchange rate fluctuations and other related circumstances.