Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 275

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 275
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 performance of cryptocurrency market.

In the year ended March 31, 2025, Coincheck generated profits and utilized all the tax losses carried forward from prior years. As of March 31, 2025, Next Finance fully recognized the deferred tax assets related to the remaining unused tax losses, based on an estimate that it would be probable to generate sufficient future taxable profits to utilize the tax losses according to its future business plan.

However, Coincheck Parent and CCG AS do not recognize deferred tax assets for tax losses of ¥ million due to the fact that sufficient future taxable profits are not expected. There is no expiration date for the tax loss carried forward.

F-40

COINCHECK GROUP N.V. and its subsidiaries
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 19.Deferred taxes and income tax expenses (benefits) (cont.)

(2) Income tax expense (benefits)

Income tax expenses (benefits) consist of the following:

|                                                                         | (In millions) | For the fiscal year ended March 31, | 2023 |   |     |   | 2024 |   |     |   | 2025 |   |
|:------------------------------------------------------------------------|:--------------|:------------------------------------|-----:|:--|:----|:--|-----:|:--|:----|:--|-----:|:--|
| Current tax expenses                                                    |               |                                     |      |   |     |   |      |   |     |   |      |   |
| Reporting period                                                        |               | ¥                                   |   15 |   |     | ¥ |  487 |   |     | ¥ |  976 |   |
| Sub-total                                                               |               |                                     |   15 |   |     |   |  487 |   |     |   |  976 |   |
| Deferred tax expenses (benefits)                                        |               |                                     |      |   |     |   |      |   |     |   |      |   |
| Origination and reversal of temporary differences                       |               |                                     |  188 |   |     |   |  (82 | ) |     |   |   14 |   |
| Origination and reversal of tax losses carried forward                  |               |                                     | (459 | ) |     |   |  468 |   |     |   |   26 |   |
| Increase in tax rate                                                    |               |                                     |    —