TOYO Co. Confident in Positive EBITDA for Q2 2026 Despite Regulatory Uncertainty

TOKYO, Sept. 28, 2026 /CourierPR/ -- TOYO Co., Ltd., a solar manufacturing company, has provided its business outlook for the second half of 2026. The firm operates in a dynamic U.S. trade and regulatory environment, which includes pending examinations by the U.S. Customs and Border Protection (CBP) of shipments of solar cells, countervailing duty (CVD) investigation activity, and the status of the Trump Administration's action under Section 232 of the Trade Expansion Act of 1962 addressing imports of polysilicon and downstream solar products. These actions, collectively known as the Section 232 program, create significant uncertainty for the company's specific financial results.

According to Takahiko Onozuka, Chairman and Chief Executive Officer of TOYO, the company is confident in achieving positive earnings before interest, taxes, depreciation, and amortization (EBITDA) for the second half of 2026.

TOYO is committed to becoming a vertically integrated solar manufacturer, integrating the upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules. The company is well-positioned to produce high-quality solar cells and modules at a competitive scale and cost.

The forward-looking statements in the press release are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Such risks include the outcome and timing of the CBP examination, the CVD investigation activity, and the Section 232 program. Changes in market conditions, regulatory requirements, the availability and price of the company's shares, and macroeconomic conditions are also potential factors that could impact the company's financial performance.

Notwithstanding this uncertainty, TOYO is confident in positive EBITDA for the second half of 2026. The company will provide further updates to the market as greater visibility emerges on these policy and regulatory matters.

The press release also notes that TOYO Co., Ltd. is a publicly traded company listed on the Nasdaq (TOYO) and OTC (TOYWF) markets. The company's forward-looking statements are subject to the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company's expectations for positive EBITDA in the second half of 2026 and the timing of future updates to its outlook. These statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks include, but are not limited to, the outcome and timing of the CBP examination, the CVD investigation activity, and the Section 232 program, 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 Annual Report on Form 20-F. TOYO assumes no obligation to update any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.

In summary, TOYO Co., Ltd. is navigating a complex regulatory environment and remains optimistic about its financial performance for the second half of 2026, despite the uncertainties. The company will continue to provide updates as more clarity emerges on the policy and regulatory landscape.