Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 175

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 5
Chunk 175
---
                                       100                 116
Others                                             305                 139
Total                                          ¥14,458              ¥6,757
Operating profit (loss).  Operating loss was ¥980 million in the year ended March 31, 2025, a decrease of 
¥3,486 million, or 139%, from an operating profit of ¥2,506 million in the year ended March 31, 2024. A large 
component of the operating loss in the year ended March 31, 2025 was total professional expenses of ¥4,607 million
related to the Business Combination and listing of the Company’s Ordinary Shares on Nasdaq. 
Other income.  Other income was ¥22 million in the year ended March 31, 2025, a decrease of ¥415 
million, or 95%, from ¥437 million in the year ended March 31, 2024, which included  a gain of ¥300 million from 
the sale of our Sharely business. We decided to sell Sharely because it was a business not related to the crypto assets 
industry. 
Other expenses.  Other expenses were ¥105 million in the year ended March 31, 2025, a decrease of ¥48 
million, or 31%, from ¥153 million in the year ended March 31, 2024. The decrease primarily relates to a 
cancellation penalty of lease contract of ¥44 million that occurred in the year ended March 31, 2024.
Financial income.  Financial income was ¥1,457 million in the year ended March 31, 2025, an increase of 
¥1,390 million, from ¥67 million in the year ended March 31, 2024. The change was due mainly to the decrease in 
the fair value of our warrant liabilities.
Listing expense.  Listing expense was ¥13,714 million in the year ended March 31, 2025 (there was no 
listing expense in the prior year). The listing expense relates to the completion of the Business Combination and 
listing of our Ordinary Shares on Nasdaq in December 2024. The listing expense represents the excess of fair value 
of Coincheck shares deemed to have been issued over the fair value of Thunder Bridge’s identifiable net assets 
acquired, and represents compensation for the service of a stock exchange listing for its shares that is expensed as 
incurred.

97

Financial expenses.  Financial expenses were ¥39 million in the year ended March 31