Hodl1 to Hold Extraordinary Shareholders' Meeting on Aug 28 to Discuss Surplus Distribution

TOKYO, Jul 24 (Pulse News Wire) – HODL1,inc. (2345.T) has decided to convene an extraordinary shareholders’ meeting on August 28 at 10:00 AM at the Small Hall, 11th Floor, Nizarutsume Square, Minato Ward Industrial Promotion Center, 36-4, Shizudaijima, Tokyo.

The agenda includes the distribution of surplus funds. In the fiscal year ending October 2025, the company incurred significant losses, resulting in a deficit in the carried-forward profit surplus reserve. To address this, the company plans to utilize other capital surplus reserves totaling ¥5.351 billion to offset the deficit, improving the representation of its financial condition. Additionally, this move aims to strengthen the financial foundation for future business restructuring, flexible capital policies, and funding strategies while ensuring appropriate tax burden management. The surplus distribution involves reducing the other capital surplus reserve by ¥5.351 billion and increasing the carried-forward profit surplus reserve by ¥5.351 billion.

The effective date for this adjustment is set for August 28, 2026. It should be noted that this transaction merely reallocates balances within equity accounts without altering total equity or impacting the company’s performance. In preparation for the meeting, the company will implement electronic provision measures for shareholder reference materials. Shareholders listed on the register as of July 06, 2026 will be eligible to exercise their voting rights. Further details will be communicated through the notice of convocation.