Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 241

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 241
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 the process of applying accounting policies and that have significant effect on the amounts reported in the consolidated financial statements is included in the Notes of (i) Transaction revenue ( Note 3 (13) “Revenue”), (ii) Crypto assets held ( Note 13 “Crypto assets held”), and (iii) Crypto asset borrowings due to customers ( Note 20 “Crypto asset borrowings”). F-10 COINCHECK GROUP N.V. and its subsidiaries
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 2.Basis of preparation of consolidated financial statements (cont.) (5) Changes in accounting policies On January 30, 2025, the Securities and Exchange Commission (the “SEC”) issued Staff Accounting Bulletin (“SAB”) No. 122 (“SAB 122”). SAB 122 rescinds the interpretive guidance in SAB No. 121, Accounting for Obligations to Safeguard Crypto -Assets an Entity Holds for Platform Users(“SAB 121”). The Company historically implemented SAB121 and recognized the safeguard liabilities and the corresponding safeguard assets in the consolidated statements of financial position. The Company has adopted SAB122 as of March 31, 2025 on a retrospective basis. As a result of the adoption of SAB122, and because the Company does not have control over the crypto assets held on behalf of customers, the Company no longer recognizes the safeguard liabilities and the corresponding safeguard assets, and related deferred tax asset and liability, previously recognized in the consolidated statements of financial position and SAB122 requires retrospective application to all prior periods presented in the consolidated financial statements. SAB 122 indicates that an entity is to apply International Accounting Standards (“IAS”)37, Provisions, Contingent Liabilities and Contingent Assets, to determine whether an entity has a liability related to the risk of loss from an obligation to safeguard crypto assets for customers. As a result of the adoption of SAB 122, the Company derecognized safeguard liabilities of ¥ 288,639million and ¥ 649,211million along with corresponding assets of ¥ 288,639million and ¥ 649,211million associated with customers’ crypto assets, and related deferred tax asset and liability of ¥ 88,381million and ¥ 198,788million, in the consolidated statements of financial position as of April 1, 2023 and March 31, 2024, respectively. There were no impacts on the consolidated statements of profit or loss and other comprehensive income, changes in equity and