Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 30

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 30
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 assets called “MNGO” tokens, as well as settled charges against Blockworks Foundation and Mango Labs LLC for engaging in unregistered broker activity in connection with various crypto assets being offered and sold as securities on the Mango Market platform. These events have created heightened uncertainty about the outlook for markets for crypto assets. Furthermore, as a result of ongoing volatility in the markets for crypto assets, we may also experience increased losses or impairments on our investments or other assets in the future. Although in the year ended March 31, 2023, trading volume and our transaction revenue significantly declined as compared to the prior year, and we recorded a net loss of ¥559 million for the year, in the year ended March 31, 2024, in part due to recovery in the markets for crypto assets, trading volume and our transaction revenue increased, and we recorded a net profit of ¥1,967 million for the year. We recorded a net profit of ¥15 million for the nine months ended December 31, 2023, compared to a net loss of ¥14,992 million for the nine months ended December 31, 2024. Similarly, sharp declines in the prices of many crypto assets, including Bitcoin and Ethereum, during the year ended March 31, 2023 resulted in a decline in our customer assets (IFRS) from ¥485 billion as of March 31, 2022 to ¥330 billion as of March 31, 2023. However, increases in the prices of crypto assets such as Bitcoin during the year ended March 31, 2024 resulted in an increase in our customer assets (IFRS) to ¥708 billion as of March 31, 2024. As of December31, 2024, our customer assets (IFRS) were ¥1,096billion. The price and trading volume of any crypto asset is subject to significant uncertainty and volatility, depending on a number of factors, including: •market conditions of, and overall sentiment towards, crypto assets; •changes in liquidity, market -makingvolume and trading activities; •trading activities on other crypto platforms worldwide, many of which may be unregulated, and may be subject to manipulative activities; •investment and trading activities of highly active retail and institutional users, speculators and miners; •the speed and rate at which crypto assets are able to gain adoption as a medium of exchange, utility, sto re of value, consumptive asset, or usage worldwide, if at all; •decreased