TOYO Co., Ltd
Close on Oct 19, 2026
- Market cap
- $152.80M
- P/E (TTM)
- 3.5
- Dividend yield
- –
About TOYO
Semiconductors & Related Devices, SIC 3674
TOYO Co., Ltd. is a solar technology company that develops, manufactures, and sells photovoltaic cells and solar modules. The enterprise provides solar cells under the TOYO Solar brand and produces solar modules under the VSUN brand. Its primary offerings include crystalline silicon photovoltaic cells and solar power modules. The company distributes its products to specialized module manufacturers, serving its corporate affiliate VSUN alongside more than fifty independent third-party solar customers.
The company is headquartered in Tokyo, Japan, and is incorporated in the Cayman Islands. Its manufacturing infrastructure spans three countries across Asia, Africa, and North America. TOYO operates a solar cell facility in Vietnam with two gigawatts of annual production capacity, a solar cell plant in Ethiopia featuring four gigawatts of total capacity, and a solar module production plant in Texas, United States, with one gigawatt of capacity.
Summary of the business section of TOYO's latest annual report, written by StockData.
Company profile
Company
- Legal name
- TOYO Co., Ltd
- Founded
- 2022
- Headquarters
- Tokyo, Japan
- Address
- Tennoz First Tower, F16, 2-2-4, Higashi-Shinagawa, Shinagawa-Ku 140-0002
- Phone
- 81 3-6433-2789
- Website
- toyo-solar.com
- Employees
- 814, Dec 31, 2025
- Industry
- Semiconductors & Related Devices
- Incorporated in
- E9
- Fiscal year ends
- December 31
- Auditor
- Marcum Asia CPAs LLP, New York, NY
Stock & identifiers
- Ticker
- TOYO
- Other tickers
- TOYWF
- Exchange
- Nasdaq
- IPO date
- Mar 17, 2022
- Shares outstanding
- 38M, Dec 31, 2025
- Filer category
- Non-accelerated filer<br>Emerging growth company
- SEC CIK
- 1985273
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Yasunai Harada | Chief Financial Officer, Director | 1,058,918 |
| Taewoo Chung | Chief Financial Officer, Director | 30,000 |
| Takahiko Onozuka | Chief Executive Officer, Director | – |
| Aihua Wang | Chief Technology Officer, Director | 30,000 |
| Rhone A. Resch | Chief Strategy Officer | 100,008 |
| Alfred J. Hickey III | Director | 36,000 |
| Hiroyuki Tahara | Director | 11,000 |
| Anders Erik Karlsson | Director | 6,000 |
| Soon Han | Director | 6,000 |
Employees
Headcount reported in annual reports
“814 full-time employees as of December 31, 2025, 2024 and 2023, respectively.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Apr 30, 2025 | Late filing | Notification of late filing |
| Jun 28, 2024 | Listing | Registration of securities on an exchange (Form 8-A) |
| Mar 8, 2024 | Merger | Registration of securities for a merger or exchange offer (S-4) |