Tokyo, September 28th / PRNewswire / -- TOYO Co., Ltd. (Nasdaq: TOYO; OTC: TOYWF) ("TOYO" or "the Company") is a solar energy manufacturing company that today released its business outlook for the second half of 2026.
The company stated that the current US trade and regulatory environment is still undergoing constant changes, including the inspections of solar cell shipments by the United States Customs and Border Protection (“CBP”), anti-subsidy tax (“CVD”) investigations, as well as the actions taken by the Trump administration under Section 232 of the Trade Expansion Act of 1962 regarding the import of polysilicon and downstream solar products, which also include provisions aimed at encouraging domestic manufacturing investment (“Section 232 measures”). Therefore, TOYO believes that there is significant uncertainty regarding the specific financial results for the second half of 2026, and no quarterly guidance is provided at this time, nor are any specific targets for revenue, net profit, or other financial indicators given.
Despite the aforementioned uncertainties, TOYO remains confident in achieving a positive EBITDA in the second half of 2026. As the visibility of these policies and regulatory matters increases, the company will provide further updates to the market.
TOYO Chairman and CEO Takayuki Onozuka ( Takahiko Onozuka ) stated: "In the second half of 2026, we will still be in a relatively dynamic policy environment, which brings considerable uncertainty to our specific performance. Nevertheless, we are confident of achieving positive EBITDA in the second half of this year. As our visibility into these policy matters improves, we will provide further updates to the market."
Regarding TOYO Co, Ltd.
TOYO is a solar energy manufacturing company dedicated to becoming a vertically integrated solar manufacturer in the global market, integrating upstream silicon wafer and silicon material production, midstream solar cell production, downstream photovoltaic module production, as well as other potential links in the solar energy supply chain. TOYO has the conditions to produce high-quality solar cells and modules at competitive scales and costs.
Forward-looking Statements
This press release contains forward-looking statements as defined by Section 27A of the Securities Act of 1933 (as amended) and Section 21E of the Securities Exchange Act of 1934 (as amended), including the company's expectations to achieve a positive EBITDA in the second half of 2026, as well as the timing of future updates. These forward-looking statements involve known and unknown risks and uncertainties that may result in significant differences between actual results and those expressed or implied in such statements. Relevant risks include, but are not limited to, CBP reviews, the results and timing of CVD investigation activities and Project 232, changes in market conditions, regulatory requirements, the availability and price of the company's shares, macroeconomic conditions, and other factors described in the company's filings with the U.S. Securities and Exchange Commission, including the company's most recent 20-F annual report. Except as required by applicable law, TOYO assumes no obligation to update any forward-looking statements due to new information, future events, or other reasons.
Contact Information
TOYO Co., Ltd.
[ email protected ]
Crocker Coulson
Email: [ email protected ]
Telephone: (646) 652-7185
