Handling of Certain Shipments of Solar Products Exported to the United States
TOYO SOLAR MANUFACTURING ONE MEMBER PLC (manufacturing and exports), TOYO AMERICA LLC and TOYO ENERGY LLC (importers), and consolidated subsidiary TOYO Co.,Ltd.
Certain shipments of solar products exported to the United States, including solar cells and modules
U.S. Customs and Border Protection (CBP) is detaining the shipments for review under the Uyghur Forced Labor Prevention Act (UFLPA).
No impact on the fiscal year ended March 2026 is expected. If an impact arises in the future, it may affect results for the fiscal year ending March 2027.
No impact on consolidated results for the fiscal year ended March 2026 is expected. The matter may affect results for the fiscal year ending March 2027, but the company will promptly disclose any developments if disclosure becomes necessary.
Related procedures
Import review and detention of shipments by U.S. Customs and Border Protection (CBP) under the UFLPA
U.S. Customs and Border Protection (CBP)
Company response
The import and customs clearance of certain shipments exported to the United States have been detained. This is not a suspension of overall production or business operations.
The company has engaged outside counsel specializing in CBP enforcement and is responding in cooperation with outside experts, including U.S. attorneys. A third-party committee or special investigation committee: Not disclosed.
The company will fully cooperate with CBP and promptly provide the requested information. If the shipments pass the review, they will be sold in the United States. If they do not, the company will consider reselling them in regions outside the United States. Additional shipments may also become subject to review and detention.
The company will promptly provide an update if circumstances arise requiring disclosure.
| Item | Details |
|---|---|
| Event name | Handling of Certain Shipments of Solar Products Exported to the United States |
| Date of occurrence | From May 2026 onward (specific date of occurrence: Not disclosed) |
| Date recognized / date notice received | 27 May 2026 (TOYO AMERICA LLC received a detention notice), 28 May 2026 (TOYO ENERGY LLC received a detention notice), and 3 June 2026 (the company received notice) |
| Subject Entity | TOYO SOLAR MANUFACTURING ONE MEMBER PLC (manufacturing and exports), TOYO AMERICA LLC and TOYO ENERGY LLC (importers), and consolidated subsidiary TOYO Co.,Ltd. |
| Target Locations / Products | Certain shipments of solar products exported to the United States, including solar cells and modules |
| Cause | U.S. Customs and Border Protection (CBP) is detaining the shipments for review under the Uyghur Forced Labor Prevention Act (UFLPA). |
| Accounting period in which recognized | No impact on the fiscal year ended March 2026 is expected. If an impact arises in the future, it may affect results for the fiscal year ending March 2027. |
| Impact on Earnings Forecast | No impact on consolidated results for the fiscal year ended March 2026 is expected. The matter may affect results for the fiscal year ending March 2027, but the company will promptly disclose any developments if disclosure becomes necessary. |
| Type of litigation or proceeding | Import review and detention of shipments by U.S. Customs and Border Protection (CBP) under the UFLPA |
| Court or authority | U.S. Customs and Border Protection (CBP) |
| Date of filing / date of action | 27 May 2026 and 28 May 2026 (dates the detention notices were received) |
| Suspended operations | The import and customs clearance of certain shipments exported to the United States have been detained. This is not a suspension of overall production or business operations. |
| Investigation structure | The company has engaged outside counsel specializing in CBP enforcement and is responding in cooperation with outside experts, including U.S. attorneys. A third-party committee or special investigation committee: Not disclosed. |
| Outlook | The company will fully cooperate with CBP and promptly provide the requested information. If the shipments pass the review, they will be sold in the United States. If they do not, the company will consider reselling them in regions outside the United States. Additional shipments may also become subject to review and detention. |
| Planned follow-up disclosure | The company will promptly provide an update if circumstances arise requiring disclosure. |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.CBP is conducting a review under the Uyghur Forced Labor Prevention Act (UFLPA). The company states that it needs to monitor developments concerning the related amount of potential damages and that a reasonable estimate is difficult at this time.