Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 179

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 5
Chunk 179
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 Accounting Standards, we present EBITDA 
and Adjusted EBITDA, both non-IFRS measures, because we believe they are useful in evaluating our operating 
performance. EBITDA represents net profit (loss) for the period before the impact of taxes, interest, depreciation, 
and amortization of intangible assets, and Adjusted EBITDA is EBITDA, further adjusted for transaction expenses 
that are directly attributable to the Reverse Recapitalization (as a result of the Business Combination), as well as 
Nasdaq listing expenses.
We use EBITDA and Adjusted EBITDA to evaluate our ongoing operations and for internal planning and 
forecasting purposes. We believe that EBITDA and Adjusted EBITDA may be helpful to investors because they 
provide consistency and comparability with past financial performance. However, EBITDA and Adjusted EBITDA 
are presented for supplemental informational purposes only, have limitations as an analytical tool and should not be 
considered in isolation or as a substitute for our financial information presented in accordance with IFRS 
Accounting Standards.
A reconciliation is provided below for each non-IFRS financial measure to the most directly comparable 
financial measure stated in accordance with IFRS Accounting Standards. Investors are encouraged to review the 
related IFRS financial measures and the reconciliation of these non-IFRS financial measures to their most directly 
comparable IFRS financial measures, and not to rely on any single financial measure to evaluate our business.
The following tables present reconciliations of our non-IFRS financial measures:
Reconciliation of EBITDA to Net Profit

                                                                  For the fiscal year ended March 31,
                                                       2023                2024                  2025
Reconciliation of EBITDA:                                                                            
Net profit (loss) for the year or the period         ¥(559)              ¥1,967             ¥(14,350)
Add: Income tax expenses (benefits)                   (287)                 873                   991
Profit (loss) before income taxes                     (846)               2,840              (13,359)
Add: Interest expense                                     3                   6                    29
Add: Depreciation and amortization                      483                 679                   727
EBITDA                                               ¥(360)              ¥3,525             ¥(12,603)
100

Reconciliation of Adjusted EBITDA to Net Profit

                                                                         For the fiscal year ended March 31,