UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2026
Commission File Number: 001-42153
TOYO Co., Ltd
Tennoz First Tower, F16
2-2-4, Higashi-Shinagawa, Shinagawa-ku
Tokyo, Japan 140-0002
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
EXPLANATORY NOTE
A copy of the press release of TOYO Co., Ltd (“TOYO”),
a Cayman Islands exempted company, published on October 29, 2026 is being furnished as Exhibits 99.1 with this Report on Form 6-K.
EXHIBIT INDEX
| Exhibit No. |
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Description |
| 99.1 |
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Press Release dated October 29, 2026 – TOYO Confirms U.S. Customs and Border Protection Release of Ethiopia-Produced Solar Cells |
Signature
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
TOYO Co., Ltd |
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|
| |
By: |
/s/ Takahiko Onozuka |
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Name: |
Takahiko Onozuka |
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Title: |
Director and Chief Executive Officer |
Date: October 30, 2026
Exhibit 99.1
TOYO Confirms U.S. Customs and Border Protection Release of Ethiopia-Produced
Solar Cells
TOKYO, Japan, October 29, 2026 — TOYO Co., Ltd. (Nasdaq:
TOYO) (OTC: TOYWF) (“TOYO” or the “Company”), a solar manufacturing company, today announced that U.S. Customs
and Border Protection (“CBP”) has released shipments of solar cells produced at the Company’s facility in Ethiopia,
following CBP’s review of the supply chain documentation TOYO submitted.
As part of the review, TOYO provided CBP with full traceability documentation
for its supply chain, including polysilicon and wafer sourcing. TOYO cooperated fully with CBP throughout the process and thanks the agency
for its thorough and professional review.
TOYO has also strengthened its U.S. import compliance program, which
supports the Company’s U.S. manufacturing operations at its facility in Humble, Texas. The Company is pursuing certification under
CBP’s Customs Trade Partnership Against Terrorism (CTPAT) program.
“We are grateful to CBP for its careful review,” said Takahiko
Onozuka, Chief Executive Officer of TOYO. “As a Japanese company building in America, we hold ourselves to the highest standards
of transparency and compliance. Our customers need confidence in where their solar products come from, and we intend to lead by example
by providing that confidence across our entire supply chain.”
About TOYO Co., Ltd.
TOYO is a solar manufacturing company that is committed to becoming
a vertically integrated solar manufacturer in the global market, integrating the upstream production of wafers and silicon, midstream
production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain.
TOYO is well-positioned to produce high-quality solar cells and modules at a competitive scale and cost.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning
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 timing of future updates to its outlook. These forward-looking 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.
Contact Information
For TOYO Co., Ltd.
IR@toyo-solar.com
Crocker Coulson
Email: crocker.coulson@aumadvisors.com
Tel: (646) 652-7185
