Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 127

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 127
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ystatus by the JFSA in October 2018 to set standardized operating procedures for cryptocurrency exchanges in Japan. Coincheck’s Chairman, Representative Director & Executive Director currently serves as a director of the JVCEA. We believe we are considered by many to be the company of choice to begin investing in crypto assets safely. We have a robust and historically profitable financial model. We believe our historical growth and profitability, combined with re -investmentin our platforms and brand, position us well to pursue further opportunities, and we have invested, and expect to continue to invest, in new products and services to enable us to grow during various market cycles. We historically have had a strong financial profile, as reflected in our high revenue growth and positive net profit throughout various cycles in the market through the year ended March 31, 2022. When declines in the prices of crypto assets and trading volume led to a sharp decline in our total revenue in the year ended March 31, 2023, after taking measures to reduce our variable expenses in light of those market conditions we recorded a net loss of ¥559 million for the year ended March 31, 2023, a net profit of ¥1,967 million for the year ended March 31, 2024 and a net loss of ¥14,350 million for the year ended March 31, 2025; however, it should be noted that our net loss for the year ended March 31, 2025 included large cash and non -cashexpenses of ¥18,321 million (¥4,607 million cash expense and ¥13,714 million non -cashexpense) related to the consummation of the Business Combination and the listing of our Ordinary Shares on Nasdaq. Accordingly, we had an Adjusted EBITDA loss of ¥360 million for the year ended March 31, 2023, Adjusted EBITDA of ¥3,773 million for the year ended March 31, 2024 and Adjusted EBITDA of ¥ 5,718 million 85

for the year ended March 31, 2025. See below and “— Key Business Metrics and Trends — Non -IFRSFinancial Measures” and our description therein of Non -IFRSFinancial Measures — Reconciliation of Adjusted EBITDA to Net Profit for details on the reconciliation of EBITDA to net profit in accordance with IFRS.

| (in millions)                                       |     | For the fiscal year ended March 31, 
 2023                                |