Planet Image International Limited (NASDAQ: YIBO), parent company of Aster Graphics, is reporting a major contraction in its U.S. aftermarket toner business, with U.S. revenue falling from $42.5 million to $28.2 million, dealer sales plunging 43.7% to $22.2 million, and cash and restricted cash dropping from $53.9 million to $24.8 million during the first half of 2026, even as the company reported that its net loss narrowed to approximately $1 million. (Stock Titan) The financial filing comes against a long history of toner counterfeiting involving Aster: Canon reported in 2015 that Aster entities agreed to a consent judgment and permanent injunctioncovering certain toner cartridges and photosensitive drum units, and Canon announced another settlement with Aster in 2024 involving additional toner-cartridge patents. (Canon Global) More recently, HP said in June 2026 that Aster Graphics and two European subsidiaries signed cease-and-desist declarations covering several HP patents and agreeing to pay damages. (HP) With U.S. sales and dealer revenue falling sharply while cash has been cut by more than half, YIBO’s latest numbers deserve serious scrutiny by the toner industry. While there is no verified evidence that YIBO’s financial statements are fabricated, the company’s latest numbers raise enough red flags for us to question whether these figures tell the full story. With U.S. revenue plunging, dealer sales collapsing and cash reserves falling dramatically, the toner industry believes YIBO’s financial reporting deserves far more scrutiny than a simple “loss narrowed to $1 million” headline suggests.
