Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 269

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 269
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 and other laws and regulations, the Company segregates cryptocurrencies deposited by customers from those of the Company in its own accounts and manages each of the customers’ balances. Regarding NFTs, there are no clear legal regulations in Japan as of March 31, 2025, and NFTs deposited by customers are held in hot wallets. NFTs deposited by customers are recorded in the Company’s database and internal records in the account of the depositing customers. Therefore, the economic benefits and risks related to crypto assets deposited by customers, including cryptocurrencies and NFTs, belong, in principle and as matter of contract, to the customers, and the Company is not exposed to risks of significant changes in the fair value of these crypto assets. However, legal rights regarding crypto assets may not be entirely clear, and there may be a possibility that crypto assets deposited by customers would be dealt with in the same manner as crypto assets of the Company in its own accounts at the liquidation of the Company, although Article 63 -19-2of Japan’s Payment Services Act provides that customers have preferential repayment rights with respect to Deposited Crypto Assets and Redemption Guarantee Crypto Assets (as defined in the Payment Services Act) in the event of the bankruptcy of a crypto asset exchange service provider. F-34

COINCHECK GROUP N.V. and its subsidiaries
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 13.Crypto assets held (cont.)

The accounting policies and balances of the Company’s crypto assets by holding purpose are as follows:

(1) Crypto assets held (current assets)

Out of the holdings of cryptocurrencies that are considered to be controlled by the Company for accounting purposes, cryptocurrencies for facilitating customer transactions are recognized as inventories in the consolidated statements of financial position according to provisions of IAS2, Inventories, as the Company has the ability to direct the use of these cryptocurrencies and the economic benefits resulting from sales attribute to the Company. As of March 31, 2024 and 2025, the carrying amounts were ¥ million and ¥ million, respectively. These amounts are calculated based on the fair value less costs to sell at the end of the reporting period. See Note 25 “Fair value measurement.”

(2) Crypto assets held (noncurrent assets)

Crypto assets held (noncurrent assets) are recognized as intangible assets with indefinite useful lives which are not amortized. There is no foreseeable limit to the period over which the future cash flows of crypto assets held (noncurrent assets) would be generated as the