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Toyo Co., Ltd. (TOYO) is a manufacturing and production company in the clean energy equipment manufacturers industry, based in Tokyo, Japan, with about 2,552 full-time employees.
It reported revenue of $427.38 million for fiscal year 2025, up 141.5% from fiscal year 2024, and net income of $34.23 million. In Q2 2026 (the quarter ended June 30, 2026) revenue was $118.18 million. USA was its largest region in fiscal year 2025, with 80% of revenue. Its market capitalization was $186.68 million as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
, Ltd. engages in the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and other stages of the solar power supply chain in Asia and the United States. It designs, manufactures, and sells solar cells, modules, and related products. , Ltd.
Toyo reported $427.38 million in revenue for fiscal year 2025, up 141.5% from $176.96 million in fiscal year 2024. In Q2 2026 revenue was $118.18 million.
USA: 80% of revenue by region in fiscal year 2025, followed by Other Areas (20%).
$186.68 million as of October 9, 2026.
Listed companies of a similar size in the same industry (clean energy equipment manufacturers) include Ballard Power Systems Inc. (BLDP), Array Technologies, Inc. (ARRY), JinkoSolar Holding Co., Ltd. (JKS), SunHydrogen, Inc. (HYSR).