TOKYO, Jun 19 (Pulse News Wire) – HODL1,inc. (2345.T) refutes claims of accounting fraud made on Yahoo!.
Finance, asserting there is no evidence of misstated provisions or fraudulent reporting. The company stands by its reported figures from the half-yearly financial statements released on June 15, 2026. Regarding long-term loans totaling ¥2.060 billion, HODL1 explains that these were made during previous management's tenure. Despite recognizing potential recovery risks, the firm has set aside equivalent bad debt reserves, ensuring no net asset inflation.
As of April 30, 2026, the detailed status was: - Long-term loan: ¥2.060 billion - Bad debt reserve: -¥2.060 billion HODL1 continues legal action against former executives and related entities for alleged embezzlement, despite having recorded the bad debts. The company maintains a conservative approach to assessing recoverability while pursuing asset recovery through legal means. Shareholders are advised to review official disclosures for accurate investment guidance. HODL1 remains committed to robust governance and transparent financial reporting.
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