Abalance Corporation
Notice regarding the U.S. Department of Commerce Ethiopia de-routing export investigation and opinions submitted by consolidated subsidiary TOYO
Disclosure of incidental events related to an opinion submission by TOYO under the TOYO umbrella, in connection with U.S. Ethiopia de-routing export investigation; including a mid-term report. Summarizes CBP detention notices, formal start of investigation, and scope of products. States future disclosure policy and response plan.
Key Figures
- Detained cargo total: approximately 0.094 MW
- Value equivalent of detained cargo: approximately 2,203 thousand yen (13,770 USD equivalent)
- Investigation start date: 2026-07-17
AI要約
Background and context
In connection with exports of solar products by TOYO Holdings’ consolidated subsidiary, a petition for the U.S. Department of Commerce’s Ethiopia de-routing export investigation has been filed, and there are imported shipments detained by CBP. The target products were completed and assembled in Ethiopia and ultimately exported to the United States, with related review under the Uyghur Forced Labor Prevention Act. TOYO has submitted documentation for exemption and the review timing is undecided. The investigation has officially begun, and the company intends to actively assert its position moving forward.
Outlook and response
TOYO and its Ethiopian subsidiary have not engaged in manufacturing or exporting the relevant products to date, and will promptly notify if there are any items to disclose. The scope of the investigation may extend to products finished and exported from Ethiopia using Chinese components, possibly including products exported to the United States via Vietnam with additional inputs. TOYO will continue to advocate and defend its position.
A b a l a n c e Co., Ltd.
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