TOKYO, April 28, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its financial results for the second half and fiscal year ended December 2024. FY 2024 Highlights 1.743 GW shippedRevenues increased 184% to $177.0 million compared to $62.4 million in 2023Gross profit margin of 12.4% compared to 26.7% in 2023Net income of $40.9 million in 2024 compared to $9.9 million in 20232H2024 Highlights 758 MW shippedRevenues were $38.9 million compared to $62.4 million for the same period in the prior yearGross profit margin of -12.2% compared to 26.7% for the same period in the prior yearNet income of $21.3 million compared to net

TOKYO, April 22, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) (OTC:TOYWF) ("TOYO" or the "Company"), a solar solution company, has officially started production at its new facility in Ethiopia in early April 2025. The company is scheduled to deliver more than 80 MW of solar cells to customers by the end of April. Following the initial deliveries, TOYO plans to ramp up operations significantly. By May and June 2025, the new Ethiopian plant is expected to be fully operational, with a monthly production capacity of 150 to 200 MW. The company recently announced that it is expanding its nameplate capacity at this location to 4GW based on robust external customer demand and the internal needs

TOKYO, April 21, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) (OTC:TOYWF), a solar solution company, today announced it will host a conference call to discuss second half and fiscal year 2024 results on Monday, April 28, 2025. Conference Call Details are as follow: Date: Monday, April 28, 2025 Time: 8:30 AM ET Live Webcast: https://events.q4inc.com/attendee/370740443 The second half and fiscal year 2024 earnings release and related investor deck will be available on the investor relations website at investors.toyo-solar.com prior to the event. The dial in numbers for the conference call will be as follows: Participant Toll-Free Dial-In Number: (800) 715-9871 Participant Toll Dial-In Nu

In the news release, Japan Go IPO Summit Announces Roster of Expert Speakers for Event June 5th in Tokyo, issued 16-Apr-2025 by Marcum Asia CPAs LLP over PR Newswire, we are advised by the company that the second and sixth paragraphs, the name of Director of Kura Sushi USA, Inc., should read "Seitaro Ishii" rather than "Keitaro Ishii" as originally issued inadvertently. The complete, corrected release follows: Japan Go IPO Summit Announces Roster of Expert Speakers for Event June 5th in Tokyo Kura Sushi Executive to Deliver Keynote Address on Elements of Success for Cross-Border Listings TOKYO and NEW YORK, April 16, 2025 /PRNewswire/ -- The Japan Go IPO Summit, co-hosted by Nasdaq and Ma

TOKYO, April 16, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) (OTC:TOYWF) ("TOYO" or the "Company"), a solar solution company, was honoured to host His Excellency Abiy Ahmed Ali, Prime Minister of Ethiopia, at its state-of-the-art solar cell production facility in Phu Tho Province on the morning of April 15, 2025. The Prime Minister was accompanied by a high-ranking ministerial delegation and Mr. Nguyen Manh Son, Vice Governor of Phu Tho Province. Representing TOYO's parent company, Abalance Group, Mr. Lewis Cai, Executive Vice President, warmly welcomed the delegation. During the visit, Prime Minister Abiy Ahmed toured TOYO's cutting-edge intelligent solar cell production line and comm

Kura Sushi Executive to Deliver Keynote Address on Elements of Success for Cross-Border Listings TOKYO and NEW YORK, April 16, 2025 /PRNewswire/ -- The Japan Go IPO Summit, co-hosted by Nasdaq and MarcumAsia, is proud to announce an exceptional lineup of speakers for its 2025 event, which will be held on June 5th at the Grand Hyatt Tokyo. Keitaro Ishii, Director of Kura Sushi USA, Inc. (NASDAQ:KRUS), will headline the summit with a keynote fireside chat, sharing "The Secrets to Long-Term Success as a U.S. Public Company." Kura Sushi's journey from a Japan-based innovator to a thriving U.S.-listed brand provides a blueprint for Japanese companies looking to globalize and access U.S. capital

TOKYO, March 26, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) (OTC:TOYWF) ("TOYO" or the "Company"), a solar solution company, is excited to announce it will begin building an additional 2 gigawatts (GW) expansion of its solar cell capacity at its new Ethiopia facility. This expands upon the successful completion of Phase 1 of the facility and is a direct response to the global demand for its solar cell products. "This expansion is a direct response to the strong demand we're seeing globally for high-performance solar cells. We have successfully completed the construction of the Phase 1 solar cell manufacturing facility, which has a capacity of 2GW. We are currently conducting equipment

TOKYO, March 11, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) (OTC:TOYWF) ("TOYO" or the "Company"), a solar solution company, is pleased to announce that it recently welcomed a delegation from Ethiopia's Industrial Park Development Corporation (IPDC) and Ethiopia's Ambassador to Japan and its facilities in Vietnam. The visit followed the delegation's participation in the Japan-India- Africa Business Forum held in Japan on February 26, 2025. TOYO is currently constructing a 2 GW solar cell manufacturing plant within Ethiopia's IDPC industrial park. This plant is scheduled to commence production by the end of this month, further contributing to local economic development and job creation

TOKYO, Feb. 24, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, is pleased to announce that its warrants are now available for trading on the OTCQB under the ticker symbol TOYWF commencing on February 24, 2025. "We are excited to see TOYO's warrants begin trading on the OTCQB," said Mr. Junsei Ryu, CEO and Chairman of TOYO. "This marks an important milestone for the company as we expand our market presence and provide additional liquidity for investors. The trading of our warrants on OTC Markets opens the door to more flexibility and greater access for our shareholders and broader base of investors looking to participate in the Company's

TOKYO, Feb. 13, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its participation in upcoming industry and investment conferences in February and March 2025. CG Sustainability Virtual Summit Fireside Chat with Simon Shi When:    Wednesday, February 26th at 11:05 a.m. ET to 11:25 a.m. ET Contact Canaccord Genuity salesperson for access. Jefferies Power, Utilities and Clean Energy Conference 1x1 Meetings Simon Shi, PresidentRaymond Chung, CFO When:    Wednesday, March 5th from 8 AM ET to 1:15 PM ETWhere:   Loews Regency New York, 540 Park Ave, New York, NY 10065 Contact Jefferies salesperson for access. 37th Annual ROTH Co

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TOKYO, Oct. 10, 2024 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced Liang "Simon" Shi's appointment as the President. With a deep understanding of strategic investments in the renewable energy sector, Liang "Simon" Shi is poised to steer TOYO toward continued growth and industry leadership. He will divide his time between the U.S., Vietnam, and other regions where TOYO has operations and customers. TOYO's Chairman and CEO, Junsei Ryu, commented: "We have been immensely impressed by Simon's energy and passion for TOYO's business during the process of going public. He has made valuable contributions to shaping our corporate str