December 9, 2024

Junsei Ryu
Chief Executive Officer
TOYO Co., Ltd
Tennoz First Tower F5, 2-2-4
Higashi-shinagawa, Shinagawa-ku
Tokyo, Japan 140-0002

       Re: TOYO Co., Ltd
           Registration Statement on Form F-1
           Filed December 5, 2024
           File No. 333-283617
Dear Junsei Ryu:

       We have conducted a limited review of your registration statement and
have the
following comment.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments.

Form F-1 filed December 5, 2024
General

1.     Please revise your registration statement to include unaudited financial
statements for
       Blue World Acquisition Corporation for the period ended September 30,
2024. In the
       alternative, revise to include financial statements of Toyo Co. that
reflect the period in
       which the acquisition was consummated. Refer to Rule 15-01(e) of
Regulation S-X.
 December 9, 2024
Page 2

        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       Please contact Bradley Ecker at 202-551-4985 or Erin Purnell at
202-551-3454 with
any other questions.



                                                           Sincerely,

                                                           Division of
Corporation Finance
                                                           Office of
Manufacturing