Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 301

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 301
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 (*1)Crypto assets held (current assets) consist of cryptocurrencies for facilitating customer transactions. (*2)The Company has an obligation to safeguard customer crypto assets, such as cryptocurrencies and NFTs, from loss or theft, and the Company records its obligation as safeguard liabilities in the statements of financial position. The Company also recognize corresponding assets as safeguard assets in the statements of financial position. In order to measure safeguard liabilities and safeguard assets, the Company refers to quoted prices of the crypto assets traded in markets, which consist of major third -partyexchanges for cryptocurrencies and the Company’s marketplace or other markets for NFTs. The prices are observable in those markets. Accordingly, the fair value of both safeguard liabilities and safeguard assets are classified as Level 2 in the fair value hierarchy under IFRS13. (*3)USD Coin which is included in “Other financial assets” is categorized into Level 1 according to the valuation method. Derivative assets and derivative liabilities which are included in “Other financial assets” and “Other financial liabilities” are categorized into Level 2 according to the valuation method. The financial assets categorized into Level 3 are measured by valuation policy and procedures set by the Company and the valuation results are reviewed and approved by Chief Financial Officer. Other financial assets categorized into Level 3 are equity investments in non -listedcompany by using the valuation method based on net assets adjusted by items that are necessary for fair value measurement purposes. The changes in fair value are recognized through other income and expenses. The following table presents a reconciliation of other financial assets measured at fair value on a recurring basis using significant unobservable inputs.

|                                                    |     |                 |    | -Millions of yen |      |     |   |
|                                                    |     | As of March 31, |    |                  |      |     |   |
|                                                    |     |            2023 |    |                  | 2024 |     |   |
| Balance, beginning of period                       |     |               ¥ |  — |                  |    ¥ |  40 |   |
| Fair value recorded in connection with acquisition |     |                 | 40 |                  |      |  10 |   |
| Change in fair value                               |     |                 |  — |                  |      | (11 | ) |
| Balance, end of period                             |     |               ¥ | 40 |                  |    ¥ |  39 |   |

There were no transfers between levels for the years ended March 31, 2023