Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 286

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 286
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.Financial risk management (cont.) (a)Credit risk Credit risk is the risk of financial loss arising from the nonperformance of a counterparty to an agreement. Credit risk arises primarily from risks related to customers and other counterparties. The carrying amounts of financial assets after impairment are presented in the statements of financial position and are the amounts of maximum exposure of the Company to financial asset credit risks. (Risks relating to customer transactions) Spot transactions are traded within the limit of the amounts received in advance from customers. Therefore, the Company does not take excessive credit risks with any specific customers. The Company does not have significant credit risk concentration because it has a large retail customer base. (Risks relating to other counterparties) The Company’s cash, cash equivalents, cash segregated as deposits, and cryptocurrencies for facilitating customer transactions are exposed to credit risk because they are deposited in financial institutions and/or cryptocurrency exchange brokers. Those financial institutions are highly credit worthy, and the cryptocurrency exchange brokers are well -establisheddomestic and overseas exchange brokers. Thus, although the credit risk is concentrated in a small number of counterparties, it is considered to be limited. In addition, customer accounts receivable is mainly due from credit card companies, which are payment processors, for settlement of funds from customers. There is also a concentration of credit risk related to customer accounts receivable, as the Company uses a small number of payment processors. However, since the settlement period is short, the credit risk associated with those processors is considered to be limited. As part of the risk management process, the Company evaluates the financial positions of financial institutions before selecting them and subsequently reviews them on a periodic basis. In selecting and dealing with cryptocurrency exchange brokers, the Company monitors the up -to -dateinformation of such brokers via social media and other news sources in order to be informed about any changes in their businesses. In addition, if the Company obtains information related to their credit uncertainty, such as a downgrade of their credit ratings, necessary measures are taken by collaborating with all divisions concerned to avoid such risks. F-22

COINCHECK, INC.
NOTES TO THE FINANCIAL STATEMENTS 4.Financial risk management (cont.) The exposure to credit risk of the Company is as follows:

|                                          |     | As of March 31, 2023      |        |     | (Millions of Yen) |   |     |       |        |
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