TOYO Co., Ltd Welcomes Yasunari Harada as New CFO and Director

On July 1, 2026, TOYO Co., Ltd., a prominent player in solar manufacturing, made a significant announcement regarding new leadership within the organization. Yasunari Harada has been appointed as the Chief Financial Officer (CFO) and director of the company. This strategic move is anticipated to bolster TOYO's financial framework and investor engagement strategies. Harada replaces Taewoo "Raymond" Chung, who resigned from his positions effective June 30, 2026, after serving the company with dedication.

Mr. Harada brings with him a vast wealth of experience, having spent over 30 years in senior roles across some of the most prestigious investment banks globally. His career journey commenced at The Industrial Bank of Japan, advancing through notable positions such as Vice President at Morgan Stanley Securities, Executive Director at BNP Paribas Securities, and Managing Director at Société Générale Securities, where he held a pivotal role in overseeing financial institutions. Additionally, his extensive governance experience includes serving on the boards of various financial institutions in Asia and Central Asia, enhancing his capability to contribute significantly to TOYO's financial strategies.

A graduate of Kyushu University with a bachelor’s degree in law, Mr. Harada is fluent in both Japanese and English, positioning him to effectively navigate complex financial environments. His appointment is viewed as a catalyst for TOYO, particularly in refining its financial strategy and enhancing institutional relationships within the capital markets. Mr. Takahiko Onozuka, the CEO of TOYO, expressed confidence in Harada's ability to lead the company through its next growth phase.

"Yasunari's appointment marks a defining moment for TOYO," said Onozuka. "His extensive experience will be instrumental as we refine our financial strategy and deepen our engagement with the investment community. We extend our sincere gratitude to Mr. Chung for his dedicated service and wish him every success in his future endeavors."

Mr. Harada has conveyed his commitment to driving growth and enhancing shareholder value at TOYO. He is looking forward to collaborating closely with Mr. Onozuka and the entire team to not only solidify TOYO's financial standing but also to showcase its strengths to the global investment community. Harada's appointment is seen as a strategic alignment that not only brings a wealth of expertise to TOYO but also enhances the company’s credibility in the competitive landscape of solar manufacturing.

TOYO Co., Ltd is dedicated to establishing itself as a leading integrated solar manufacturer in the global market. The company seamlessly combines various aspects of the solar supply chain, ranging from the production of wafers and silicon to the manufacturing of solar cells and photovoltaic modules. This multifaceted approach allows TOYO to deliver high-quality solar products efficiently and competitively.

In light of this significant administrative change, it will be interesting to observe how Mr. Harada’s financial leadership influences TOYO's strategic direction and growth potential in the coming years. By leveraging his extensive background in finance and his commitment to excellence, TOYO aims to enhance its market position and reputation in the ever-evolving solar energy sector.