Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 48

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 48
---
, operating results, and financial condition.

We operate in an industry that is not widely understood and requires personnel with specialized knowledge

and technical skills. We believe that our future success is highly dependent on the talents and contributions of our

senior management team, members of our executive team, and other key employees in areas including systems

design and engineering, risk management, finance, compliance and legal, and marketing. Our future success depends

on our ability to attract, develop, motivate, and retain highly qualified and skilled employees. Due to the relatively

recent emergence of markets for crypto assets, the pool of qualified talent is extremely limited, particularly with

respect to executive talent, systems engineering, risk management, and financial regulatory expertise. We face

intense competition for qualified individuals from numerous software and other technology companies. To attract

and retain key personnel, we incur significant costs, including salaries and benefits and equity incentives. Even so,

these measures may not be enough to attract and retain the personnel we require to operate our business effectively.

The loss of even a few qualified employees, or an inability to attract, retain and motivate additional highly skilled

employees required for the operation of our business, could adversely impact our operating results and impair our

ability to grow.

39

In the event of employee or similar service provider misconduct or error, our business may be adversely impacted.

Employee or similar service provider (if not technically an employee, such as an individual contractor,

consultant, adviser or agent) misconduct or error could subject us to legal liability, financial losses, and regulatory

sanctions and could seriously harm our reputation and negatively affect our business. Such misconduct could include

engaging in improper or unauthorized transactions or activities, misappropriation of customer funds, failing to

supervise other employees or service providers, compliance or harassment violations by our employees and

improperly using confidential information. Human error, including mistakes in executing, recording, or processing

transactions for customers, could expose us to the risk of material losses, even if the mistakes are detected. Although

we have implemented processes and procedures and provide training to our employees and similar service providers

to reduce the likelihood of misconduct and error, these efforts may not be successful. Moreover, the risk of error

may be greater for novel products and services because the rapid pace of development of markets for crypto assets

and related regulatory frameworks can create a high risk of confusion with respect to compliance obligations, such

as those relating to confidentiality, data protection, data access, trading, and conflicts of interest