Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 173

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 5
Chunk 173
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2024 and 2023, respectively.
•Communication expenses.  Communication expenses include cloud service expenses such as Amazon
Web Services.
•Subcontract expenses.  Subcontract expenses include outsourcing costs.
Selling, general, and administrative expenses also include depreciation and amortization, business 
management service fees, transaction related costs, subcontract labor costs, tax expenses, and other expenses.
Other Income and Expenses
Other income
There is no significant other income for the year ended March 31, 2025, and other income consists 
primarily of gain on sale of business and gain on sale of crypto assets held for the year ended March 31, 2024.
Other expenses
Other expenses consist primarily of exchange loss and disposals of intangible assets for the year ended 
March 31, 2025, and lease contract cancellation penalty, loss on sales and disposals of intangible assets, and 
termination benefits and exchange loss for the year ended March 31, 2024.

95

Financial Income and Expenses
Financial income
Financial income consists primarily of change in fair value of warrant liabilities for the year ended 
March 31, 2025 and derivative gains for the year ended March 31, 2024.
Financial expenses
Financial expenses consist primarily of interest expenses for the year ended March 31, 2025 and 
impairment losses of other financial assets (non-current assets) for the year ended March 31, 2024.
Historical Results of Operations
Comparison of the year ended March 31, 2025, with the year ended March 31, 2024
The following table shows selected consolidated statements of profit or loss data for the years ended March 
31, 2025 and 2024:

                                                 For the fiscal year ended March 31,
(In millions)                                               2025                2024
Revenue:                                                                            
Revenue                                                 ¥383,205            ¥223,775
Other revenue                                                125                 274
Total revenue                                            383,330             224,049
Expenses:                                                                           
Cost of sales                                            369,852             214,786
Selling, general and administrative expenses              14,458               6,757
Total expenses                                           384,310             221,543
Operating profit (loss)                                    (980)               2,506
Other income and expenses                                                           
Other income                                                  22                 437
Other expenses                                             (105)               (153)
Listing expense                                         (13