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Abalance offered only with sell orders, expects losses on U.S.-bound solar panels

Mon Apr 20, 2026 9:09 am JST Catalyst

Abalance Corporation <3856> was offered only with sell orders. After the close of trading on the 17th, the company announced that it had received notification from U.S. Customs and Border Protection (CBP) that certain solar panels manufactured by its Vietnamese consolidated subsidiary and exported to the United States would not be permitted entry. According to CBP's review, insufficient evidence was confirmed to grant an exception under the Uyghur Forced Labor Prevention Act, preventing the company from recognizing sales to the U.S. and incurring demurrage charges. The decision was dated January 11. The company expects an estimated loss of approximately 3 billion to 5 billion yen for the fiscal year ending March 2026, which appears to have triggered selling pressure.

According to Abalance, some of the solar panels are being returned to Vietnam, incurring related costs. For inventory that fails to pass CBP review, the company plans to resell to regions outside the U.S., which is expected to result in reduced profit margins. The company maintains that it does not use raw materials originating from the Uyghur region and has indicated it will respond in cooperation with external U.S. specialists.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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