#Japan #Tokyo #TOYO Co. #Ltd #Solar Manufacturing #Trade Policy

TOYO Co., Ltd. Updates Business Forecast for Second Half of 2026

On September 28, 2026, TOYO Co., Ltd., a prominent player in solar manufacturing, shared its business outlook for the latter half of 2026. The company is operating within a fluctuating U.S. trade environment which includes several regulatory challenges. The key concerns highlighted involve pending evaluations from U.S. Customs and Border Protection (CBP) regarding solar cell shipments, ongoing countervailing duty (CVD) investigations, and implications stemming from the Trump Administration's Section 232 measures on polysilicon imports.

Takahiko Onozuka, the Chairman and CEO of TOYO, expressed that this dynamic landscape introduces some uncertainty regarding the firm's financial outcomes for the upcoming months. Consequently, the company has refrained from providing detailed quarterly forecasts or specific revenue predictions at this stage. However, despite these challenges, TOYO maintains an optimistic stance, expecting to achieve a positive EBITDA in the second half of 2026. Onozuka emphasizes that as more clarity emerges on current regulatory matters, TOYO will keep its stakeholders updated with necessary information.

TOYO's commitment to becoming a leading vertically integrated solar manufacturer remains unwavering. The company aims to integrate all levels of the solar power supply chain—from upstream production of wafers and silicon to midstream solar cell manufacturing and downstream photovoltaic module creation. This holistic approach positions TOYO favorably to compete efficiently in the global market, ensuring high-quality products while maintaining cost-effectiveness.

As a solar energy manufacturer, TOYO is dedicated to contributing to sustainable energy solutions while navigating complex market dynamics. The company acknowledges the inherent risks tied to regulatory changes, market conditions, and macroeconomic factors that could affect its operations. Industry experts suggest that keeping a close eye on the evolving regulatory climate, especially related to tariffs and trade policies, will be crucial for companies like TOYO that heavily depend on international supply chains and market access.

In conclusion, while TOYO Co., Ltd. faces a challenging market landscape, the focus remains on strategic growth and positive financial outcomes as they advance into the second half of 2026. Stakeholders can anticipate further announcements as the company gains greater insight into these ongoing regulatory developments.

For ongoing updates and detailed insights into TOYO's operations and expectations, interested parties are encouraged to follow their investor relations communications closely.