Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 132

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 132
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 such, anticipate increased advertising costs in the year ending March 31, 2025. For the three months ended December 31, 2023 and 2024, our advertising and promotion expenses were ¥126million and ¥541million, respectively. For the nine months ended December31, 2023 and 2024, our advertising and promotion expenses were ¥415million and ¥1,265million, respectively. Our other cost items are relatively fixed in nature, which we believe allow us to target significant operating leverage. We also believe we have been able to create an expense system capable of securing profits even in periods with low trading volume. Selling, general, and administrative expenses consist primarily of the following: • Personnel expenses.Personnel expenses consist of the salaries, bonuses, and incentives of our employees. • Advertising and promotion expenses.Advertising and promotion expenses primarily include expenses incurred for the advertising of our products on various media, including television, press, and internet (including social media and online video -sharingplatforms). • Professional fees.Professional fees consist of advisory fees in relation to the listing of our Ordinary Shares. • Communication expenses.Communication expenses include cloud service expenses such as Amazon Web Services. • Subcontract expenses.Subcontract expenses include outsourcing costs. Selling, general, and administrative expenses also include depreciation and amortization, business management service fees, transaction related costs, subcontract labor costs, tax expenses, and other expenses. Other Income and Expenses Other income and expenses consist of other income and other expenses. 81

Other income Other income consists primarily of gain on sale of business and gain on sale of crypto assets held for the year ended March 31, 2024, and miscellaneous income for the three and nine months ended December 31, 2023, and miscellaneous income for the nine months ended December31, 2024. Other expenses Other expenses primarily consist of lease contract cancellation penalty, loss on sales and disposals of intangible assets, and termination benefits and exchange loss for the three and nine months ended December31, 2023 and for the year ended March 31, 2024, and disposals of tangible/intangible assets for the three and nine months ended December 31, 2024. Financial Income and Expenses Financial income Financial income consists primarily of derivative gains for the three and nine months ended December31, 2023 and the year ended March 31, 2024, and change in fair value of warrant liabilities for the three and nine months ended December 31, 2024. Financial expenses