Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 121

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 121
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(“SAB 121”). We have adopted SAB 122 as of March 31, 2025 on a retrospective basis. As a result of the adoption of SAB 122, and because we do not have control over the crypto assets held on behalf of customers, we no longer recognize the safeguard liabilities and the corresponding safeguard assets, and related deferred tax asset and liability, previously recognized in the consolidated statements of financial position. SAB 122 indicates that an entity is to apply IAS37, Provisions, Contingent Liabilities and Contingent Assets, to determine whether an entity has a liability related to the risk of loss from an obligation to safeguard crypto assets for customers. The amendments of IAS21, The Effects of Changes in Foreign Exchange Ratesand IFRS19, Subsidiaries without Public Accountability: Disclosures are not expected to affect the Company’s consolidated financial statements. The Company is evaluating the impact of applying other new or amended accounting standards. 78 BUSINESS Our Mission We believe we are, today, a leader in the Japanese retail crypto asset industry through our Marketplace platform offering and related retail crypto services. Our mission is threefold: (1) to increase our share of the growing Japanese crypto asset retail market through our Marketplace platform, including by adding or enhancing new or recent features and related services attractive to our customers; (2) to expand our institutional business, such as through the recent launch of the Coincheck Prime brand and our Coincheck IEO platform; and (3) mainly through acquisitions, investments, or joint ventures or other strategic partnerships, to acquire and operate retail and institutional crypto businesses outside of Japan, such as in Europe and other regions. Overview Since the launch of our crypto asset exchange in 2014, we have provided a young, highly -engagedretail customer base with the opportunity to become familiar with crypto assets by offering a service we believe is easy for anyone to use, regardless of financial or technological literacy. We operate, through our platforms, one of the largest multi -cryptocurrencymarketplaces in Japan. We had as of March 31, 2025, according to the JVCEA, a 24.9% market share in Japan by trading volume, and our approximately 2.3 million verified users represent an 18.5% retail market share. As of March 31, 2023, 2024 and 2025, our customer assets were ¥344 billion, ¥744 billion and ¥859 billion, respectively. Our