Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 7

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 7
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, and financial condition.

We may make acquisitions and investments, both inside and outside of Japan, which could require significant

management attention, disrupt our business, result in dilution to our shareholders, and adversely affect our

financial results.

As part of our business strategy, we are actively exploring, and intent to continue actively exploring for the

foreseeable future, potential opportunities to make acquisitions and strategic investments both inside and outside of

Japan to add complementary companies (including cryptocurrency exchanges or marketplace businesses in other

countries), or to add specialized knowledge, expertise, products, services, licenses, or technologies that could

complement or enhance our business. We routinely conduct discussions and evaluate opportunities for possible

acquisitions, strategic investments, entries into new businesses, joint ventures, and other transactions. Most recently,

in March 2025, we acquired Next Finance, a relatively small Japanese private company, to enhance our staking

award offering and position us to offer staking platform services to others in the industry. Companies and

technologies we decide to acquire or invest in may be private, small, highly speculative in nature, or immature or

unsophisticated in their management’s experience with crypto regulatory regimes in their jurisdiction or generally.

While this is part of our business strategy, we may not be able to find any suitable acquisition or investment

candidates, and we may not be able to complete acquisitions or make investments on favorable terms, if at all. In

some cases, the costs of such acquisitions may be substantial, there is no assurance that we will receive a favorable

return on investment for our acquisitions, and we might be required to write off certain assets acquired.

In addition, if we fail to successfully integrate the management and governance of an acquired company, or

integrate the products or technologies being acquired otherwise being made available, our total revenue and

operating results could be adversely affected. Our ability to acquire and integrate companies, products, services,

licenses, or technologies in a successful manner is unproven. Any integration process may require significant time

and resources, and we may not be able to manage the process successfully, including successfully securing

regulatory approvals which may be required to close the transaction and/or to continue to operate the target firm’s

business or products in a manner that is useful to us. We may not successfully evaluate or utilize the acquired

products, services, technology, or personnel, or accurately forecast the financial impact of an acquisition, including

accounting charges. Anticipated revenue or cost synergies,