Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 47

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 47
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 to retain existing customers or add new customers, or if our customers decrease their level of engagement with our products, services and platform, our business, operating results, and financial condition may be significantly harmed. Our success depends on our ability to retain existing customers and attract new customers and to increase engagement with our products, services and platforms. To do so, we must continue to offer leading technologies and ensure that our products and services are secure, reliable and engaging, and competitively priced. We have historically targeted retail investors new to investing in crypto assets, and the quality of our UI/UX, especially for smartphone users, and the provision of information to such investors is a key competitive factor. (UI refers to user interface design, a human -firstapproach to product design that focuses on the effectiveness of products, and UX refers to user experience design, a human -firstapproach to product design that focuses on the aesthetic experience of products.) There is no assurance that we will be able to retain our current customers or attract new customers, or keep our customers engaged. In particular, as the majority of our total revenue is currently derived from Japanese retail customers, we are sensitive to any changes in sentiment among retail investors. Moreover, as we seek to attract new customers, we may try to expand to institutional customers within Japan, and we may 25 be unsuccessful in any such expansion efforts due to differences in needs and expectations between Japanese institutional and retail customers. Any number of factors can negatively affect our customer retention, growth, and engagement, including if: •customers increasingly engage with competing products and services, including products and services that we are unable to offer or do not offer; •we fail to support new and in -demandcrypto assets or if we elect to support crypto assets with negative reputations; •our more recently offered products and services, such as our Coincheck NFT Marketplace or IEO business, are unsuccessful in achieving our expected goals for such products and services; •there are adverse changes in our products and services that are mandated by legislation, regulatory authorities, or litigation; •customers perceive the crypto assets on our cryptocurrency marketplace or exchanges, or Coincheck NFT Marketplace, to be bad investments, or experience significant losses in investments made using our crypto asset product or service offerings; •technical or other problems prevent us from delivering our products and services with the speed, functionality, security, and reliability that our customers expect; •cybersecurity or other incidents causes losses to us or our customers, including losses to assets held by us on behalf of our customers