Raises outlook for shipments, revenues and net income for 2025TOKYO, Sept. 8, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its unaudited and unreviewed financial results for the first six months ended June 30, 2025. Key Business Highlights for 1H 2025 Approximately 1.6 GW of solar cells shipped.Revenues of approximately $139 million, an increase of 0.7% compared to $138.1 million for the same period in the prior year.Non-GAAP Adjusted EBITDA of approximately $23 million compared to $33 million for the same period in the prior year.Successfully commissioned the first 2 GW solar cell plant in Ethiopia in April 2025.Comme

TOKYO, Sept. 4, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) (OTC:TOYWF),  ("TOYO" or the "Company"), a solar solution company, today announced the acquisition of the VSUN brand from its sister company, Vietnam Sunergy Joint Stock Company ("VSUN Co"), a solar module provider. This strategic acquisition reflects the ongoing efforts of shareholders and management of TOYO, to streamline and unify operations of TOYO by consolidating the VSUN brand under TOYO to enhance its shareholder value. VSUN Brand at a Glance: VSUN Co and TOYO are sister companies not only because of the common control under a majority shareholder Abalance Corporation, but also because of extensive business collaborati

TOKYO, Sept. 3, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) (OTC:TOYWF), a solar solution company, announced today that members of its management team are scheduled to participate in meetings at the following upcoming conference and event: H.C. Wainwright 27th Annual Global Investment ConferencePresentation format with 1x1 meetingsWhen: September 8, 2025, 1:00pm – 1:30pm ETWhere: Lotte New York Palace Hotel in New York City  To request 1x1 meeting on September 8th and 9th, please contact your H.C. Wainwright representative. RE+ 2025 When: September 10th -11th, 2025Where: Venetian Expo & Caesars Forum in Las Vegas, Nevada Customers, prospective customers, and other interested parties ar

TOKYO, Sept. 2, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) (OTC:TOYWF), a solar solution company, today announced it will host a conference call to discuss first half 2025 results on Monday, September 8, 2025. Conference Call Details are as follow: Date: Monday, September 8, 2025 Time: 8:30 AM ET Live Webcast: https://events.q4inc.com/attendee/735702658  The first half 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 Number: +1 (646) 307-1963 Japan - T

TOKYO, May 15, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced certain updates to its press release issued on April 28, 2025, announcing the Company's second half and fiscal year ended December 2024 financial results. The Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, was filed with the Securities and Exchange Commission ("SEC") on May 12, 2025. The operating expenses, general and administrative expenses, net income, and earnings per share for the fiscal year ended 2024 disclosed in the prior press release are updated and reflected in the audited financial statements as set forth below.

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

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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

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Raises outlook for shipments, revenues and net income for 2025TOKYO, Sept. 8, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its unaudited and unreviewed financial results for the first six months ended June 30, 2025. Key Business Highlights for 1H 2025 Approximately 1.6 GW of solar cells shipped.Revenues of approximately $139 million, an increase of 0.7% compared to $138.1 million for the same period in the prior year.Non-GAAP Adjusted EBITDA of approximately $23 million compared to $33 million for the same period in the prior year.Successfully commissioned the first 2 GW solar cell plant in Ethiopia in April 2025.Comme

TOKYO, Sept. 4, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) (OTC:TOYWF),  ("TOYO" or the "Company"), a solar solution company, today announced the acquisition of the VSUN brand from its sister company, Vietnam Sunergy Joint Stock Company ("VSUN Co"), a solar module provider. This strategic acquisition reflects the ongoing efforts of shareholders and management of TOYO, to streamline and unify operations of TOYO by consolidating the VSUN brand under TOYO to enhance its shareholder value. VSUN Brand at a Glance: VSUN Co and TOYO are sister companies not only because of the common control under a majority shareholder Abalance Corporation, but also because of extensive business collaborati

TOKYO, Sept. 2, 2025 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) (OTC:TOYWF), a solar solution company, today announced it will host a conference call to discuss first half 2025 results on Monday, September 8, 2025. Conference Call Details are as follow: Date: Monday, September 8, 2025 Time: 8:30 AM ET Live Webcast: https://events.q4inc.com/attendee/735702658  The first half 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 Number: +1 (646) 307-1963 Japan - T

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 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

Move to accelerate TOYO's plans for "made-in-America" modules with 2.5 gigawatts initial capacityHOUSTON and TOKYO, Nov. 25, 2024 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced it has agreed to acquire 100% of membership interests in Solar Plus Technology Texas LLC("Solar Plus") located in Houston metropolitan area, Texas, via its subsidiary TOYO Solar LLC.  Key Highlights Facility details: The newly leased facility spans 567,140 square feet which we plan to accommodate 2.5 GW of solar module manufacturing capacity and further expand it to 6.5 GW by 2029. The factory construction of Phase 1 of the facility has been completed

TOKYO, Aug. 21, 2024 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) ("TOYO" or the "Company"), a solar solution company, today announced its financial results for the six months ended June 30, 2024. First Six Months of 2024 Highlights Revenues of $138.1 million versus $0 revenues in the first half of 2023Gross Margin of 19.3%Net income of $19.6 million versus a loss of $1.9 million in the first half of 2023985 MW shipped"We are pleased with our financial and operational achievements in the first half of 2024, highlighting our team's outstanding execution capabilities," said Junsei Ryu, Chairman and CEO of TOYO. "Since we commenced manufacturing in October 2023, our facility has successfully de

NEW YORK, Aug. 15, 2024 /PRNewswire/ -- TOYO Co., Ltd (NASDAQ:TOYO) a solar solution company, today announced it will host a conference call to discuss first half 2024 results on Wednesday, August 21, 2024. Conference Call Details are as follows: Date: Wednesday, August 21, 2024 Time: 9:30 AM ET Live Webcast: https://events.q4inc.com/attendee/398434630 The first half 2024 earnings release and related investor deck will be available on the investor relations website prior to the event. The dial in numbers for the conference call will be as follows: Participant (toll-free): 1-800-579-2543 Participant (international): 1-203-518-9843 There will be a webcast replay available following completion