TDK Corporation (6762) FY 2016 Second Quarter Financial Results (U.S. GAAP) (2) Statements of Income and Statements of Comprehensive Income [1st half results] Statements of Income Term 1H of FY2015 (April 1, 2014 September 30, 2014) (Yen millions) Item Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating income Other income (deductions): Interest and dividend income Interest expense Foreign exchange gain (loss) Other-net Total other income (deductions) 502,275 376,145 126,130 98,208 27,922 100.0 74.9 25.1 19.5 5.6 (Yen millions) 587,614 429,384 158,230 112,655 45,575 5.4 7,769 100.0 73.1 26.9 19.1 7.8 4,896,783 3,578,200 1,318,583 938,791 379,792 (Yen millions) Change(%) 17.0 14.2 25.4 14.7 63.2 85,339 53,239 32,100 14,447 17,653 -0.3 44,082 7.5 367,350 16,726 61.1 1.5 11,368 1.9 94,733 3,599 46.3 19,587 3.9 32,714 5.6 272,617 13,127 67.0 Less: Net income attributable to noncontrolling interests 1,447 0.3 1,245 0.2 10,375 Net income attributable to TDK 18,140 3.6 31,469 5.4 262,242 Net income 27,356 % (U.S.$ thousands) (112) (64) 334 (1,085) (927) Income taxes -0.2 2,117 (1,511) (942) (1,157) (1,493) Change 17,642 (12,592) (7,850) (9,642) (12,442) Income before income taxes 2,229 (1,447) (1,276) (72) (566) % 1H of FY2016 (April 1, 2015 September 30, 2015) (202) - -14.0 13,329 73.5 Note: U.S.$1=Yen 120, for convenience only. Statements of Comprehensive Income Term Item Net income Other conprehensive income (loss), net of taxes: Foreign currencies translation adjustments Pension liability adjustments Net unrealized gains (losses) on securities Total other comprehensive income (loss) Comprehensive income Comprehensive income attributable to noncontrolling interests Comprehensive income attributable to TDK 1H of FY2015 (April 1, 2014 September 30, 2014) (Yen millions) 1H of FY2016 (April 1, 2015 September 30, 2015) (Yen millions) (U.S.$ thousands) Change (Yen millions) 19,587 32,714 272,617 13,127 37,228 (2,372) 1,305 36,161 55,748 (9,231) 1,198 (4,761) (12,794) 19,920 (76,925) 9,983 (39,675) (106,617) 166,000 (46,459) 3,570 (6,066) (48,955) (35,828) 2,653 53,095 1,307 18,613 10,892 155,108 (1,346) (34,482) Note: U.S.$1=Yen 120, for convenience only. 12 TDK Corporation (6762) FY 2016 Second Quarter Financial Results (U.S. GAAP) [2nd quarter results] Statements of Income Term 2Q of FY2015 (July 1, 2014 September 30, 2014) (Yen millions) Item Net sales Cost of sales Gross profit Selling, general and administrative expenses Operating income Other income (deductions): Interest and dividend income Interest expense Foreign exchange gain (loss) Other-net Total other income (deductions) Income before income taxes Income taxes Net income Less: Net income attributable to noncontrolling interests Net income attributable to TDK 264,813 196,151 68,662 50,335 18,327 1,093 (618) (1,587) (214) (1,326) % 100.0 74.1 25.9 19.0 6.9 2Q of FY2016 (July 1, 2015 September 30, 2015) (Yen millions) 308,058 222,512 85,546 58,111 27,435 -0.5 1,033 (706) (962) (1,653) (2,288) 17,001 6.4 3,701 Change % (U.S.$ thousands) 100.0 72.2 27.8 18.9 8.9 2,567,150 1,854,267 712,883 484,258 228,625 (Yen millions) Change(%) 43,245 26,361 16,884 7,776 9,108 16.3 13.4 24.6 15.4 49.7 -0.7 8,608 (5,883) (8,017) (13,775) (19,067) (60) (88) 625 (1,439) (962) 25,147 8.2 209,558 8,146 47.9 1.4 6,222 2.0 51,850 2,521 68.1 13,300 5.0 18,925 6.2 157,708 5,625 42.3 914 0.3 555 0.2 4,625 12,386 4.7 18,370 6.0 153,083 - (359) -39.3 5,984 48.3 Note: U.S.$1=Yen 120, for convenience only. Statements of Comprehensive Income Term Item Net income Other conprehensive income (loss), net of taxes: Foreign currencies translation adjustments Pension liability adjustments Net unrealized gains (losses) on securities Total other comprehensive income (loss) Comprehensive income (loss) Comprehensive income attributable to noncontrolling interests Comprehensive income (loss) attributable to TDK 2Q of FY2015 (July 1, 2014 September 30, 2014) (Yen millions) 2Q of FY2016 (July 1, 2015 September 30, 2015) (Yen millions) (U.S.$ thousands) Change (Yen millions) 13,300 18,925 157,708 5,625 47,368 (2,739) 1,458 46,087 59,387 (27,915) 553 (3,727) (31,089) (12,164) (232,625) 4,608 (31,058) (259,075) (101,367) (75,283) 3,292 (5,185) (77,176) (71,551) 2,371 57,016 314 (12,478) 2,616 (103,983) (2,057) (69,494) Note: U.S.$1=Yen 120, for convenience only. 13