TOKYO, May 07 (Pulse News Wire) – Abalance Corporation (3856.T) reported ongoing challenges related to the export of solar panels manufactured by its subsidiary Vietnam Sunergy Joint Stock Company (VSUN). On April 17, 2026, the company disclosed that three shipments of solar panels destined for the US faced import restrictions due to insufficient evidence meeting the requirements of the Uyghur Forced Labor Prevention Act (UFLPA).
As of April 28, 2026, VSUN received confirmation via email from CBP that one shipment had cleared the review process. However, two remaining shipments continue to undergo scrutiny, with outcomes pending further CBP assessments. Regarding the impact on the fiscal year ending March 2026, initial estimates suggest potential damages ranging from ¥30 million to ¥5 billion.
Originally scheduled for mid-May, the release of the interim earnings statement was postponed until late June, aligning with the anticipated determination of the consolidated damage amount around the same time. Moving forward, Abalance and VSUN plan to collaborate closely with external experts, including US attorneys, to address CBP's requests for documentation and explanations. Any significant updates concerning this issue will be promptly communicated to stakeholders.
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