Welcome to our dedicated page for TOYO CO SEC filings (Ticker: TOYO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The TOYO Co., Ltd (NASDAQ: TOYO) SEC filings page on Stock Titan provides access to the company’s U.S. regulatory disclosures, including its annual reports on Form 20-F and current reports on Form 6-K. TOYO is a Cayman Islands exempted company in the solar industry, and its filings describe an integrated business model spanning wafers and silicon, solar cells, and photovoltaic module production.
Through its Form 20-F and related financial statements, TOYO reports consolidated revenues, cost of revenues, operating expenses, net income, cash balances, and other key metrics. These filings also explain items such as changes in fair value of contingent consideration payable related to earnout shares and the company’s use of non-GAAP measures like Adjusted EBITDA. Balance sheet disclosures outline assets, liabilities, and equity, including bank borrowings, contract liabilities, and lease obligations.
TOYO’s Form 6-K current reports furnish important event-driven information. Recent 6-Ks have included details of a module supply and purchase agreement entered into by TOYO Solar Texas LLC with a U.S. buyer, the parent guaranty provided by TOYO, the acquisition and licensing of the VSUN trademarks in multiple jurisdictions, and press releases on financial results and strategic polysilicon supply contracts. Other 6-Ks provide materials for the company’s annual general meeting and investor presentations.
On Stock Titan, these filings are updated as they are made available on EDGAR. AI-powered summaries help explain the contents of lengthy documents, highlighting topics such as manufacturing expansion, supply agreements, capital structure, and non-GAAP reconciliations. Users can also review information related to share structure and contingent consideration arrangements, and locate references to key subsidiaries and agreements disclosed in TOYO’s SEC reports.
TOYO Co., Ltd director and Chief Executive Officer Onozuka Takahiko filed an initial Form 3, which is a statement of beneficial ownership for insiders. The filing lists him as both a director and officer but shows no reported transactions or derivative positions in the disclosed data.
TOYO Co., Ltd has appointed solar industry veteran Rhone Resch as its new Chief Strategy Officer, a part-time, newly created role reporting directly to the CEO. He will lead key elements of TOYO’s global growth strategy, focusing on expanding U.S. market presence, manufacturing footprint, and partnerships across the solar value chain.
Resch brings more than 20 years of experience, including leading the Solar Energy Industries Association and founding multiple solar-focused companies and initiatives. TOYO entered into standard-form employment and indemnification agreements with him, and the appointment has been announced via a press release furnished as an exhibit.
TOYO Co., Ltd. files its annual report as an early-stage solar cell and module manufacturer with rapidly expanding capacity in Vietnam, Ethiopia and Texas. The company reports net income of $9.9 million, $40.5 million and $37.2 million for 2023, 2024 and 2025, respectively, with 2024 boosted by a $35.1 million gain from decreased fair value of contingent consideration and 2025 including $13.7 million of share-based compensation.
Despite recent profitability, TOYO’s auditor highlights substantial doubt about its ability to continue as a going concern due to working capital deficits of $86.4 million, $69.6 million and $123.9 million as of year-end 2023, 2024 and 2025. The business depends heavily on affiliate VSUN for sales and key wafer supplies, faces potential oversupply and price pressure in solar markets, and is exposed to high U.S. anti-dumping and countervailing duty rates on Vietnamese cells. TOYO plans further global expansion but must secure significant additional capital, manage complex regulatory, trade and environmental risks, and build a broader customer base to sustain growth.
TOYO Co., Ltd announced a leadership transition centered on its chief executive role. On March 18, 2026, Junsei Ryu resigned as Chief Executive Officer, director, and member of key board committees, with the company stating his resignation did not arise from any disagreement over operations, policies, or practices. The board appointed Takahiko Onozuka the same day as Chief Executive Officer, director, Chairman of the Board, and member of the compensation and nominating and corporate governance committees, and entered into employment and indemnification agreements with him on standard terms. The filing and an accompanying press release highlight his more than 40 years of experience in international finance, energy infrastructure, and decarbonization, including senior roles at JBIC, Sumitomo Corporation, and Abalance Corporation, as TOYO positions its executive team for its next phase of growth.
TOYO Co., Ltd. furnished an investor presentation and press release outlining a transformative FY2025. Preliminary, unaudited figures show FY2025 revenue of approximately $427 million and net income of about $38 million, driven by rapid growth in solar cell and module shipments and new capacity ramp-up, particularly at its Ethiopian facility. Net income in 2025 includes roughly $14 million of one-time share-based compensation, while 2024 net income excluded a $35.1 million change in fair value of contingent consideration for 13 million earnout shares.
TOYO highlights around 6 GW of solar cell manufacturing capacity across Vietnam and Ethiopia and a U.S. module assembly footprint in Texas targeting up to 2 GW by 2026, supported by U.S. tax incentives of $0.07 per watt under Section 45X through 2030. The company has confirmed orders that cover its 4 GW Ethiopian N-type cell line through 2026 and is leveraging the acquired VSUN brand and customer relationships to deepen its presence in the U.S. utility-scale solar market. TOYO will discuss FY2025 results on an earnings call scheduled for March 31, 2026.
TOYO Co., Ltd director TAHARA HIROYUKI has reported an initial ownership position in the company. The Form 3 shows direct ownership of 11,000 Ordinary Shares of TOYO Co., Ltd as of March 18, 2026. This is a holdings disclosure, not a buy or sell transaction.
TOYO Co., Ltd director and Chief Financial Officer Chung Taewoo filed an initial ownership report showing direct holdings of 30,000 Ordinary Shares. This Form 3 does not reflect a new buy or sell transaction; it simply records his existing equity position in the company.
TOYO Co., Ltd director Han Soon filed an initial ownership report, showing holdings of 6,000 ordinary shares. This Form 3 does not reflect a new buy or sell transaction; it simply discloses the director’s existing direct ownership stake in the company’s stock.
TOYO Co., Ltd director Hickey Alfred J III filed an initial ownership report on Form 3, showing beneficial ownership of 36,000 Ordinary Shares. These shares are reported as held with direct ownership. The filing records holdings rather than any specific purchase or sale transaction.
TOYO Co., Ltd director and Chief Technology Officer Wang Aihua filed an initial ownership report showing beneficial ownership of 30,000 Ordinary Shares. These shares are held directly and the filing establishes a baseline of Wang’s equity stake, without reporting any new purchase or sale activity.