Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 174

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 5
Chunk 174
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,714)                   —
Financial income                                           1,457                  67
Financial expenses                                          (39)                (17)
Profit (loss) before income taxes                       (13,359)               2,840
Income tax expense                                           991                 873
Net profit (loss) for the year                          (14,350)               1,967
Revenue.  Revenue was ¥383,205 million in the year ended March 31, 2025, an increase of ¥159,430 
million, or 71%, from ¥223,775 million in the year ended March 31, 2024. The increase was due mainly to increased 
transaction revenue due to the increased Marketplace platform trading volume.
Other revenue.  Other revenue was ¥125 million in the year ended March 31, 2025, a decrease of ¥149 
million or 54%, from ¥274 million in the year ended March 31, 2024. The decrease was due mainly to decreased 
sales of NFTs.

96

Cost of sales.  Cost of sales was ¥369,852 million in the year ended March 31, 2025, an increase of 
¥155,065 million, or 72%, from ¥214,786 million in the year ended March 31, 2024. This increase was due mainly 
to an increase in trading volume on our Marketplace platform.
Selling, general, and administrative expenses.  Selling, general, and administrative expenses were ¥14,458 
million in the year ended March 31, 2025, an increase of ¥7,701 million, or 114%, from ¥6,757 million in the year 
ended March 31, 2024. The increase was due mainly to an increase in professional fees relating to the Business 
Combination and listing of the Company’s Ordinary Shares on Nasdaq.

                                       For the fiscal year ended March 31,
(In millions)                                     2025                2024
Personnel expenses                              ¥2,684              ¥2,287
Advertising and promotion expenses               1,874                 661
Professional fees                                6,163                 710
Communication expenses                             786                 769
Subcontract expenses                               857                 473
Depreciation and amortization                      727                 679
Business management fee                            397                 458
Transaction related costs                          423                 335
Subcontract labor costs                            142                 130
Tax expenses