TOYO Co., Ltd

TOYO Co., Ltd

3.46
EUR
-0.11
(-3.09%)
1.05EPS
Dec 02Next Earn
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
1.41
5.75
12.16
6.88
Basic EPS, GAAP
- -
0.22
1.32
1.13
1.21
Free Cash Flow per Basic Share
-0.13
-2.86
0.08
1.17
0.89
Dividend per Share
- -
- -
- -
- -
- -
Book Value per Share
0.18
1.23
1.27
3.03
4.91
Tangible Book Value per Share
0.18
1.23
1.27
3.03
4.91
Basic Weighted Avg Shares
44
44
31
35
38
Sales/Revenue/Turnover
- -
62
177
427
261
Operating Margin (%)
- -
19.21
5.01
13.81
22.54
Depreciation Expense
- -
3
24
40
- -
Net Income, GAAP
- -
10
41
40
46
Effective Tax Rate (%)
- -
- -
1.89
29.26
17.27
Profit Margin (%)
- -
15.85
22.95
9.28
17.56
Working Capital
-1
-86
-70
-124
30
LT Debt
- -
12
55
34
34
Total Equity
8
57
59
111
210
Return on Invested Capital (%)
- -
31.02
8.56
25.01
19.55
Return on Capital (%)
- -
34.03
40.27
26.54
20.3
Return on Common Equity (%)
- -
30.55
69.94
46.52
28.55

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
39
35
29
LT Borrowings
- -
- -
- -
LT Finance Leases
34
34
34
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
38
43
Market Capitalization
- -
- -
- -

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
172
208
272
Cash, Cash Equivalents & STI
52
54
103
Accounts Receivable, Net
12
18
15
Inventories
80
114
132
Total Current Liabilities
296
305
242
Payables & Accruals
149
137
99
ST Debt
39
35
29
Deferred Revenue
108
133
114

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
87.17%
Free Cash Flow
- -
- -
1,574.51%
Net Income, GAAP
- -
- -
-2.35%
Sales/Revenue/Turnover
- -
- -
141.52%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
177
2025
52
88
- -
- -
427
2026
143
118
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.32
2025
-0.1
0.19
- -
- -
1.13
2026
0.75
0.46
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Takahiko Onozuka
Full Time Employees
2,552
Sector
Electronic technology
Industry
Semiconductors
Address
5F, Tennoz First Tower Tokyo TY Japan 140-0002
IPO Date
Jul 2, 2024
Business
TOYO Co., Ltd. (Nasdaq: TOYO) manufactures and sells solar cells, photovoltaic (PV) modules, wafers, silicon, and related products across the solar power supply chain. The company engages in upstream production of wafers and silicon; midstream production of high-efficiency solar cells; and downstream production of PV modules under brands including the acquired VSUN; with fully automated manufacturing facilities comprising 2GW solar cell capacity in Vietnam, 4GW solar cell capacity in Ethiopia, and a 1GW solar module plant in the United States that commenced commercial production in October 2025. TOYO operates primarily in Asia, the United States, Europe, and emerging markets, targeting utility-scale developers, module manufacturers, and renewable energy projects with 100% supply chain traceability and no forced labor. Founded in 2022 and headquartered in Tokyo, Japan, at Tennoz First Tower, the company employs 528 people under CEO Junsei Ryu. Recent developments include the September 2025 acquisition of the VSUN brand from sister company Vietnam Sunergy Joint Stock Company to streamline operations, leverage 8GW of prior U.S. module shipments, and accelerate U.S. market expansion without equity dilution; a November 2024 $150 million contract to supply solar cells for module production in India and the U.S.; and a November 2025 strategic partnership with Voltec Solar to deliver low-carbon solar solutions across Europe.

Company News

  • TOYO Targets U.S. Solar Cell Expansion as First-Half Revenue Soars 88%

  • TOYO (NASDAQ: TOYO) revenue jumps 87.6% at Humble ribbon-cutting

  • TOYO Celebrates Completed 2 GW Module Expansion at Texas Facility with Ribbon-Cutting Ceremony

  • TOYO Co., Ltd. (TOYO) Analyst/Investor Day Transcript

  • TOYO Announces Approximately $240 Million in Binding U.S. Solar Module Supply Agreements Through First Half of 2027

  • TOYO Co., Ltd. Provides Second Half 2026 Business Outlook

  • TOYO Co., Ltd to Webcast 2026 Analyst Day

  • TOYO 's Texas Manufacturing Facility Receives Top Quality Rating in Independent Factory Audit by Intertek CEA

  • TOYO Corporation Opens Its Quantum Computers to Japan's Ecosystem

  • Critical Comparison: indie Semiconductor (NASDAQ:INDI) versus TOYO (NASDAQ:TOYO)

  • TOYO Co., Ltd to Participate in Fireside Chat at the Jefferies Renewables, Clean Energy, & Construction Conference

  • Financial Comparison: TOYO (NASDAQ:TOYO) & Valens Semiconductor (NYSE:VLN)

  • TOYO Co., Ltd. (TOYO) Q2 2026 Earnings Call Transcript

  • TOYO H1 Earnings Call Highlights

  • TOYO Co., Ltd Announces Unaudited Second Quarter and First Half 2026 Financial Results

  • TOYO (TOYO) Expected to Post Quarterly Earnings on Wednesday

  • TOYO to Announce Second Quarter and First Half 2026 Financial Results on August 19, 2026

  • TOYO Solar Welcomes President Trump's Section 232 Action to Accelerate American Solar Manufacturing

  • TOYO: The Sell-Off Has Gone Too Far (Rating Upgrade)

  • TOYO Expands U.S. Solar Push With Houston HJT Plant and Non-FEOC Supply Chain