TOKYO, Apr 17 (Pulse News Wire) – Abalance Corporation (3856.T) disclosed today that its subsidiary Vietnam Sunergy Joint Stock Company (VSUN) received notification from the U.S. Customs and Border Protection (CBP) that certain solar panel shipments manufactured by VSUN and destined for the United States were denied entry due to non-compliance with the Uyghur Forced Labor Prevention Act (UFLPA).
VSUN received the notice on January 21, 2026, and Abalance was informed on March 18, 2026. As a result, sales to the U.S. market cannot be recorded, storage fees are accruing, and some panels have been returned to Vietnam, incurring additional costs. Abalance estimates potential losses ranging from 30 to [NUM_0] million yen for the fiscal year ending March 2026.
A precise figure is expected to be determined around mid-May. In response, Abalance and VSUN are cooperating with external legal experts to challenge the CBP's decision. They are also exploring alternative markets outside the U.S. for affected products, which could lead to reduced profit margins.
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